-----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, P3YouarxthR2KaNKcwQUhsi0+BlgzlF4wKRqVwyU7XYJPMinS7cOfx1amaP0hC3w KYfJzXXYZ1bNcwu4HvgoNg== 0000827052-00-000026.txt : 20000302 0000827052-00-000026.hdr.sgml : 20000302 ACCESSION NUMBER: 0000827052-00-000026 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000229 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: 557042 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 374 STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 6263022222 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 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. HOLDING COMPANY 00 EDISON INTERNATIONAL 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: UTILITY 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 EDISON ESI is a California corporation engaged in the business of marketing services, products, information, and copyrighted materials to third parties on behalf of SCE. 02 EDISON MATERIAL SUPPLY LLC is a Delaware limited liability company that provides procurement, inventory and warehousing services. 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 SCE UK SERVICES LTD is a United Kingdom private limited company having its registered office at Lansdowne House, Berkeley Square, London, England W1X 5DH, which provides auditing services for affiliated companies. 02 SOUTHERN STATES REALTY is a California corporation engaged in holding real estate assets for SCE. NONUTILITY SUBSIDIARIES 01 EDISON DRIVES ELECTRIC is a California corporation having its 2 principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which is engaged in administering a vehicle lease program for Edison International employees. 01 EDISON INSURANCE SERVICES, INC., is a Hawaii corporation having its principal executive office at 1099 Alakea Street, 22nd Floor, Honolulu, Hawaii 96813, which provides domestic and foreign property damage and business interruption insurance to Edison International and its subsidiaries. 01 EDISON VENTURES is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which owns the stock and coordinates the activities of its nonutility subsidiaries. The subsidiaries of Edison Ventures are as follows: 02 EDISON TRANSENERGY is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which is engaged in pipeline development activities to transport crude oil. 01 EDISON ENERGY (Inactive) 01 EDISON INTERNATIONAL POWER (Inactive) 01 EIX TRUST I is a Delaware business trust that acts as a financing vehicle. 01 EIX TRUST II is a Delaware business trust that acts as a financing vehicle. 01 EIX TRUST III is a Delaware business trust that acts as a financing vehicle. 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 owns the stock and coordinates the activities of nonutility companies. The subsidiaries of The Mission Group are as follows: 02 EDISON O&M SERVICES is a California corporation that was organized to provide generation operation and maintenance services. 02 EDISON TECHNOLOGY SOLUTIONS ("ETS") is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which was organized to engage in technology development and commercialization. The subsidiaries of Edison Technology Solutions are as follows: 03 EDISON EV is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which was engaged in the business of providing electric vehicle charging infrastructure. 03 FACILICHEM, INC., is a California corporation having its principal place of business at 333 Ravenswood Avenue, Menlo Park, California 94025, which was organized to engage in the research, development and commercialization of liquid membrane technologies for application in specific industrial and chemical processes. ETS has a 10% ownership interest with an option to increase that i nterest to 16.66% 02 EDISON ENVIRONMENTAL SERVICES 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 provide nuclear decommissioning services. 3 02 EDISON ENTERPRISES is a California corporation having its principal place of business at 955 Overland Court, San Dimas, California 91773, which owns the stock and coordinates the activities of its nonutility subsidiaries. The subsidiaries of Edison Enterprises are as follows: 03 EDISON SOURCE is a California corporation having its principal place of business at 800 East Orangethorpe Avenue, Anaheim, California 92801. It is engaged in the business of integrated energy services. 04 G.H.V. REFRIGERATION, INC. is a California corporation having its principal place of business at 800 E. Orangethorpe Avenue, Anaheim, California 92801. It is engaged in the business of providing refrigeration/HVAC operations, maintenance and installations throughout Southern California and Arizona. 03 EDISON SELECT is a California corporation having its principal place of business at 955 Overland Court, San Dimas, Califonia 91773. 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 955 Overland Court, San Dimas, California 91773. It is engaged in the home protection company business. 04 EDISON SECURITY CORP. [formerly WESTEC RESIDENTIAL SECURITY, INC.] is a Delaware corporation having its principal place of business at 955 Overland Court, San Dimas, California 91773. It is engaged in the business of providing home security services. 04 VALLEY BURGLAR & FIRE ALARM CO., INC. is a California corporation having its principal place of business at 955 Overland Court, San Dimas, California 91773. It is engaged in the business of providing home security services. 03 EDISON UTILITY SERVICES is a California corporation having its principal place of business at 955 Overland Court, San Dimas, California 91773. It is engaged in the business of providing services including billing and transmission and distribution outsourcing. 02 EDISON CAPITAL 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. 03 BURLINGTON APARTMENTS, INC. 03 EDISON CAPITAL EUROPE LIMITED (UK corporation) Address: Lansdowne House, Berkeley Square, London, England W1X 5DH 03 EDISON CAPITAL VENTURES 03 EDISON FUNDING COMPANY [directly owns 0.08% of Edison Funding Omicron Incorporated; see listing under Edison Housing Consolidation Company) 4 04 EDISON CAPITAL HOUSING INVESTMENTS [directly owns 0.35% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] [directly owns 35.52% of Edison Funding Omicron Incorporated; see listing under Edison Housing Consolidation Co.] 05 1st Time Homebuyer Opportunities LP (Chester County Homes) 99% 05 1732 Champa LP (Buerger Brothers Lofts) 99% 05 18303 Kittridge Associates LP 99% 05 210 Washington Avenue Associates (Renaissance Plaza) (Connecticut partnership) 99% 05 2400 Locust Associates LP (Locust on the Park) 99% 05 Abajo Del Sol LP 99.9% 05 Anglo Edison Pinecrest L.L.C. 99% 05 Apollo Development Associates LP (Apollo Hotel) 99.9% 05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99% 05 Auburn Manor L.L.C. 50% 05 B.A.I. Anglo Edison Pinecrest, LLC (Pinecrest) 99% 05 Baldwin Village LP 99.9% 05 Bartlett Hill Associates LP 99% 05 Benton Green LP 99.9% 05 Bouquet Canyon Seniors LP 99% 05 Carson Terrace LP 99.9% 05 CCS/Bellingham LP (Washington Grocery Building) 99% 05 CCS/Mount Vernon Housing LP (La Venture) 99% 05 Cincinatti Ravenwood Apartments LP 99% 05 Conejo Valley Community Housing Associates (Community House Apartments) 99% 05 Diamond Creek Apartments LP 99.9% 05 Don Avante Association I LP (Don de Dios) 99.9% 05 Don Avante Association II LP (Village Avante) 99.9% 05 EAST COAST CAPITAL, INC. (Massachusetts corporation) Address: 240 Commercial Street, Boston, MA 02109-1336 05 EC ASSET SERVICES, INC. (Massachusetts corporation) Address: 240 Commercial Street, Boston, MA 02109-1336 05 EC PROPERTIES, INC. (Massachusetts corporation) Address: 240 Commercial Street, Boston, MA 02109-1336 06 Corporations for Affordable Housing LP 1%GP 07 Arbor Lane Associates Phase II LP (Timberwood) 99% 07 Arroyo Vista Associates LP 99% 07 Artloft Associates LP 35.6% 07 Caleb Affordable Housing Associates LP (Ledges/Pinebrook) 99% 07 The Carlin LP 99% 07 Diamond Phase III Venture LP 99% 07 Fairmont Hotel Urban Renewal Associates LP 99% 07 Mackenzie Park Associates LP 99% 07 Parkside Associates LP (Parkside Garden) 99% 07 Pines Housing LP 99% 07 Pines Housing II, LP 99% 07 Smyrna Gardens Associates LP 99% 07 Tioga Gardens LP 99% 07 Walden Pond, LP (Hamlet) 99% 06 Corporations for Affordable Housing LP II 1%GP 07 2601 North Broad Street Associates LP (Station House) 99% 07 Artloft Associates LP 53.39% 07 Brookline Housing Associates LLC (Bridgewater) 99% 07 EDA LP (Eagle's Nest) 99% 07 Edgewood Manor Associates II LP 99% 07 Gateway Housing LP (Gateway Townhomes) 99% 07 Homestead Village Associates LP 99% 07 Junction City Apartments LP (Green Park) 99% 07 Liberty House Associates LP 99% 07 Maple Ridge Development Associates LP 99% 07 Parsonage Cottage Senior Residence LP 99% 07 Rittenhouse School LP 99% 07 Silver City Housing LP 99% 5 07 South 55th Street, LP 99% 07 W. M. Housing Associates LP (Williamsport Manor) 99% 07 Winnsboro Apartments LP (Deer Wood) 99% 05 EC PROPERTIES III, INC. (Massachusetts corporation) Address: 240 Commercial Street, Boston, MA 02109-1336 06 Corporations for Affordable Housing LP III 1%GP 07 Piedmont Housing Associates 99% 07 Pines Housing III 99% 07 Salem Lafayette Urban Renewal Associates, LP 99% 07 Spring Valley Commons LP 99% 07 Stevenson Housing Associates (Park Vista) 99% 05 EC-SLP, INC. (Massachusetts corporation) Address: 240 Commercial Street, Boston, MA 02109-1336 05 ECHI-A COMPANY 05 ECHI-B COMPANY 05 ECHI Wyvernwood, Inc. [dead project] 05 ECH/HFC GP Partnership No. 1 34.9%GP 06 Edison Capital Housing Partners VII LP 19.4%GP 07 C-Court LP (Cawelti Court) 99% 07 Cottonwood Affordable Housing LP 99% 07 Fifth & Wilshire Apartments LP 99% 07 Flagstaff Affordable Housing II, LP (Forest View Apts.) 99% 07 Huff Avenue Associates LP 99% 07 Mountain View Townhomes Associates LP 99% 07 Oak Forest Associates LP 99% 07 Paradise Road Partners LP (Gateway Village) 99% 07 Woodland Arms Apartments, Ltd. 99% 05 ECH/HFC GP Partnership No. 2 56.7%GP 06 Edison Capital Housing Partners VIII LP 18.54%GP 07 Catalonia Associates LP 99% 07 Ohlone Housing Associates LP 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 05 EDISON CAPITAL AFFORDABLE HOUSING 99A COMPANY 05 Edison Capital Affordable Housing 99A G.P. 27.69%GP 06 Edison Capital Housing Partners IX LP 13.5533%GP 07 1010 SVN Associates LP 99% 07 2814 Fifth Street Associates LP (Land Park Woods) 99% 07 Alma Place Associates LP 99% 07 Knolls Community Associates LP 99% 07 Monterra Village Associates LP 99% 07 Pacific Terrace Associates LP 99% 07 PVA LP (Park Victoria) 99% 07 Sherman Glen, L.L.C. 99% 07 Strobridge Housing Associates LP 99% 07 Trolley Terrace Townhomes LP 99% 07 Walnut Avenue Partnership LP 99% 05 EDISON CAPITAL AFFORDABLE HOUSING 99B COMPANY 99.99% 05 Edison Capital Affordable Housing 99B G.P. 99.99%GP 06 Edison Capital Housing Partners X LP 19.3952%GP 07 Beacon Manor Associates LP 99% 07 Boulder Creek Apartments LP 99% 07 Burlington Senior Housing LLC 99.9% 07 CCS/Renton Housing LP (Renton) 99% 07 Coolidge Station Apartments L.L.C. 99% 07 Lark Ellen LP 99% 07 Mercy Housing California IX LP (Sycamore) 99% 07 Morgan Hill Ranch Housing LP 99% 07 Pacifica Community Associates LP (Villa Pacifica) 99% 07 Persimmon Associates LP 99% 07 Providence-Brown Street Housing LP (Brown Street) 99% 07 San Juan Commons 1996 LP 99% 07 Timber Sound, Ltd. 99% 6 07 Timber Sound II, Ltd. 99% 07 Trinity Park Apartments LP 99% 07 Venbury Trail LP 99% 06 Edison Capital Housing Partners XI LP 18.62486%GP 07 1475 167th Avenue Associates LP (Bermuda Gardens) 99.9% 07 Auburn Manor Apartments LP 99% 07 Barnsdall Court LP (Villa Mariposa) 99% 07 Borregas Court LP 99% 07 Bryson Family Apartments LP 99.9% 07 Carson Housing LP 99% 07 Casa Rampart LP (Rampart Apartments) 98.9% 07 Davis MHA Twin Pines Community Associates LP (Northstar Apartments) 99% 07 Eastwood Homes LP 98.99% 07 Electra Arms Senior Associates LP 99% 07 Grace Housing LP 99% 07 Stony Point Apartment Investors LP (Panas Place) 99.9% 07 Wall Street Palmer House LP 99% 07 Wilmington Housing Associates LP (New Harbor Vista) 99.9% 06 Edison Capital Housing Partners XII LP 13.73759%GP 07 Cedarshores Limited Dividend Housing Association LP 98.99% 07 Heritage Partners LP 99% 07 Osage Terrace LP 99.89% 07 West Oaks Apartments LP 99.9% 07 Yale Street LP 99.9% 06 Edison Capital Housing Partners XIII LP 17.03513%GP 07 Alhambra Apartments LP 99.9% 07 Chamber Apartments LP 99% 07 Park Land Senior Apartments Investors LP (Banducci) 99.9% 07 President John Adams Manor Apartments LP 99% 07 Riverwalk Apartments, Ltd. (Colorado) 99% 07 Rosecreek Senior Living LP 99.9% 07 Twin Ponds Apartments LP 99% 07 Woodleaf Village LP 98.99% 07 Women's Westlake LP (Dorothy Day) 99% 05 Edison Capital Contributions VI Partners 91.77%GP 06 ECH Investor Partners VI-A LP 15.39%GP 07 Edison Capital Housing Partners VI LP 61.82%GP 08 Admiralty Heights Associates II 1995 LP (Kent Manor) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 08 Altamont Hotel Associates LP 99% 08 Bradley Manor Senior Apartments LP 99% 08 Double X Associates 1995 LP (Terrace Manor) 99% 08 Hamilton Place Apartments LP (Larkin Place) 99% 08 Hamilton Place Senior Living LP 99% 08 Hearthstone Group 3 LP (Evergreen Court) 99% 08 KDF Malabar LP 99% 08 LINC-Bristol Associates I, LP (City Gardens) 99% 08 MAS-WT, LP (Washington Terrace) 99% 08 Northwood Manor Associates LP 99% 08 Silver Lake Properties LP 99% 08 University Park Properties LP 99% 08 Upland Senior Housing LP (Coy D. Estes) 99% 08 Vista Properties LLC (Vista View) 99% 08 Vista Verde Townhomes II LLC 99% 06 ECH Investor Partners VI-B LP 15.39%GP 07 Edison Capital Housing Partners VI LP 37.18%GP 08 Admiralty Heights Associates II 1995 LP (Kent Manor) 99% 08 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 08 Altamont Hotel Associates LP 99% 08 Bradley Manor Senior Apartments LP 99% 08 Double X Associates 1995 LP (Terrace Manor) 99% 08 Hamilton Place Apartments LP (Larkin Place) 99% 08 Hamilton Place Senior Living LP 99% 08 Hearthstone Group 3 LP (Evergreen Court) 99% 7 08 KDF Malabar LP 99% 08 LINC-Bristol Associates I, LP (City Gardens) 99% 08 MAS-WT, LP (Washington Terrace) 99% 08 Northwood Manor Associates LP 99% 08 Silver Lake Properties LP 99% 08 University Park Properties LP 99% 08 Upland Senior Housing LP (Coy D. Estes) 99% 08 Vista Properties LLC (Vista View) 99% 08 Vista Verde Townhomes II LLC 99% 05 EDISON CAPITAL HOUSING DELAWARE, INC. 06 B.A.I. Edison Ravenwood LP (Ravenwood) 90%GP 07 Cincinatti Ravenwood Apartments LP 0.95%GP 05 Edison Capital Housing Partners V LP 16.38%GP 06 AMCAL Santa Barbara Fund XXXVI LP (Positano) 99% 06 Bodega Hills Investors LP 99% 06 Mercy Housing California IV LP (Vista Grande) 99% 06 Park Place Terrace LP 99% 06 River Walk Apartments Homes LP 99% 06 San Diego Golden Villa Partners LP (Golden Villa) 99% 06 Santa Alicia Gardens Townhomes LP (The Gardens) 99% 06 St. Hedwig's Gardens LP 99% 06 Sunshine Terrace LP 99% 06 Union Meadows Associates LLC 99% 05 EDISON CAPITAL HOUSING FLORIDA 05 EDISON CAPITAL HOUSING MANAGEMENT 06 JOHN STEWART COMPANY Address: 1388 Sutter Street, 11th Floor, San Francisco, CA 94109 07 2814 Fifth Street Associates LP (Land Park Woods) 0.5%GP 07 381 Turk Street LP 1%GP 07 Community Investment LP (Oak Village Apartments) 1%GP 07 Crescent Manor Associates LP 2.85%GP 07 Del Norte Place LP 18%GP 07 Jackie Robinson Apartments LP 1.67%GP 07 Larkspur Isle LP 0.5%GP 07 Las Casitas LP 0.5%GP 07 Mason Street Enterprises LP 1%GP 07 Mountain View Apartments LP 0.26%GP 07 Piper Court G.P. 50%GP 07 Shiloh Arms LP 1%GP/9.8%LP 07 St. John's LP 1%GP/19.6%LP 07 The IBEX Group 10%GP 07 Village East Apartments LP 3%GP 07 Woodhaven Senior Residences LP 1%GP 05 EDISON CAPITAL HOUSING NEW JERSEY [owns 6.16% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 EDISON CAPITAL HOUSING NEW YORK 06 WPA/Edison LLC (Pier A) 99% 05 EDISON CAPITAL HOUSING PENNSYLVANIA [owns 5.26% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 EDISON HOUSING NORTH CAROLINA 06 Edison Capital Contributions VI Partners 4.03% 07 ECH Investor Partners VI-A LP 15.39%GP 08 Edison Capital Housing Partners VI LP 61.82%GP 09 Admiralty Heights Associates II 1995 LP(Kent Manor)99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 09 Altamont Hotel Associates LP 99% 09 Bradley Manor Senior Apartments LP 99% 09 Double X Associates 1995 LP (Terrace Manor) 99% 09 Hamilton Place Apartments LP (Larkin Place) 99% 09 Hamilton Place Senior Living LP 99% 09 Hearthstone Group 3 LP (Evergreen Court) 99% 09 KDF Malabar LP 99% 09 LINC-Bristol Associates I, LP (City Gardens) 99% 8 09 MAS-WT, LP (Washington Terrace) 99% 09 Northwood Manor Associates LP 99% 09 Silver Lake Properties LP 99% 09 University Park Properties LP 99% 09 Upland Senior Housing LP (Coy D. Estes) 99% 09 Vista Properties LLC (Vista View) 99% 09 Vista Verde Townhomes II LLC 99% 07 ECH Investor Partners VI-B LP 15.39%GP 08 Edison Capital Housing Partners VI LP 37.18%GP 09 Admiralty Heights Associates II 1995 LP(Kent Manor)99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 09 Altamont Hotel Associates LP 99% 09 Bradley Manor Senior Apartments LP 99% 09 Double X Associates 1995 LP (Terrace Manor) 99% 09 Hamilton Place Apartments LP (Larkin Place) 99% 09 Hamilton Place Senior Living LP 99% 09 Hearthstone Group 3 LP (Evergreen Court) 99% 09 KDF Malabar LP 99% 09 LINC-Bristol Associates I, LP (City Gardens) 99% 09 MAS-WT, LP (Washington Terrace) 99% 09 Northwood Manor Associates LP 99% 09 Silver Lake Properties LP 99% 09 University Park Properties LP 99% 09 Upland Senior Housing LP (Coy D. Estes) 99% 09 Vista Properties LLC (Vista View) 99% 09 Vista Verde Townhomes II LLC 99% 05 EDISON HOUSING OREGON, INC. 05 EDISON HOUSING SOUTH CAROLINA 06 Edison Capital Contributions VI Partners 4.20% 07 ECH Investor Partners VI-A LP 15.39%GP 08 Edison Capital Housing Partners VI LP 61.82%GP 09 Admiralty Heights Associates II 1995 LP(Kent Manor)99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 09 Altamont Hotel Associates LP 99% 09 Bradley Manor Senior Apartments LP 99% 09 Double X Associates 1995 LP (Terrace Manor) 99% 09 Hamilton Place Apartments LP (Larkin Place) 99% 09 Hamilton Place Senior Living LP 99% 09 Hearthstone Group 3 LP (Evergreen Court) 99% 09 KDF Malabar LP 99% 09 LINC-Bristol Associates I, LP (City Gardens) 99% 09 MAS-WT, LP (Washington Terrace) 99% 09 Northwood Manor Associates LP 99% 09 Silver Lake Properties LP 99% 09 University Park Properties LP 99% 09 Upland Senior Housing LP (Coy D. Estes) 99% 09 Vista Properties LLC (Vista View) 99% 09 Vista Verde Townhomes II LLC 99% 07 ECH Investor Partners VI-B LP 15.39%GP 08 Edison Capital Housing Partners VI LP 37.18%GP 09 Admiralty Heights Associates II 1995 LP(Kent Manor)99% 09 Affordable/Citrus Glenn Phase II, Ltd. (Citrus Glenn Apts. Phase II) 99% 09 Altamont Hotel Associates LP 99% 09 Bradley Manor Senior Apartments LP 99% 09 Double X Associates 1995 LP (Terrace Manor) 99% 09 Hamilton Place Apartments LP (Larkin Place) 99% 09 Hamilton Place Senior Living LP 99% 09 Hearthstone Group 3 LP (Evergreen Court) 99% 09 KDF Malabar LP 99% 09 LINC-Bristol Associates I, LP (City Gardens) 99% 09 MAS-WT, LP (Washington Terrace) 99% 09 Northwood Manor Associates LP 99% 09 Silver Lake Properties LP 99% 09 University Park Properties LP 99% 9 09 Upland Senior Housing LP (Coy D. Estes) 99% 09 Vista Properties LLC (Vista View) 99% 09 Vista Verde Townhomes II LLC 99% 05 EHI DEVELOPMENT COMPANY 05 EHI DEVELOPMENT FUND 05 Emmanuel Grant Company LLC (Capitol Heights) 99.9% 05 Florence Apartments LLC 99% 05 Grandy Lake 1996 LP (Grandy Lake Residences) 99% 05 Harry Clark Jr. Residential Center LLC 99% 05 Hercules Senior Housing Associates 99.9% 05 Highland Village Partners LP 99.9% 05 Hilltop Farms LP 99.9% 05 Hotel Elkhart L.L.C. (The Cornerstone) 99% 05 Josephinum Associates LP, The (Washington partnership) 99% 05 Karen Partners LP 99.9% 05 KDF Park Glenn LP (Park Glenn) 99% 05 KDF Park Glenn Seniors LP (Park Glenn II) 99.9% 05 KDF Santa Paula LP (Santa Paula) 99% 05 Kennedy Lofts Associates LP (Massachusetts partnership) 99% 05 King Road Associates LP 99.9% 05 LL Housing LP (Maryland partnership) (Laurel Lakes) 99% 05 LL Housing L.L.C. 24.5% 05 Madison/Mollison LP (Park Mollison) 99% 05 Marlton Residences Associates LP 99% 05 MH I LP 1%GP 06 California Park Apartments LP 99% 05 MH II LP 1%GP 06 5363 Dent Avenue Associates LP 99% 05 MH III LP 1%GP 06 DeRose Housing Associates LP 99% 05 MH IV LP 1%GP 06 MPT Apartments LP (MacArthur Park) 99% 05 MH V LP 1%GP 06 Centennial Place LP 99% 05 MHICAL 94 COMPANY [owns 19.32% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 MHICAL 94 LP (Delaware partnership) 1%GP 06 Mayacamas Village Associates LP 99% 06 Rincon De Los Esteros Associates LP 99% 06 West Capital Courtyard LP 99% 06 Winfield Hill Associates LP 99% 05 MHICAL 95 LP (Delaware partnership) 1%GP 06 Abby Associates LP (Windmere) 99% 06 Antelope Associates LP 99% 06 Baker Park Associates LP 99% 06 Bracher Associates LP 99% 06 Colina Vista LP 99% 06 Florin Woods Associates LP 99% 06 Mercy Housing California VI LP (205 Jones) 99% 06 Pinmore Associates LP 99% 06 Sunset Creek Partners LP 99% 05 MHICAL 96 LP (Delaware partnership) 1%GP 06 Greenway Village Associates LP 99% 06 Kennedy Court Partners LP 99% 06 Klamath Associates LP 99% 06 Sky Parkway Housing Associates LP 99% 06 Westgate Townhomes Associates LP 99% 05 MHICAL 95 COMPANY 06 ECH/HFC GP Partnership No. 2 43.3% 07 Edison Capital Housing Partners VIII LP 18.54%GP 08 Catalonia Associates LP 99% 08 Ohlone Housing Associates LP 99% 06 EDISON HOUSING CONSOLIDATION CO. (formerly Edison Housing Georgia) 29.90% 07 EDISON FUNDING OMICRON INCORPORATED (Delaware corporation) (formerly Edison Funding Omicron GP) 44.40% 10 [also owned 0.08% by Edison Funding Company, 35.52% by Edison Capital Housing Investments and 20.00% by The Connell Company, an outside entity] 08 16th & Church Street Associates LP 99% 08 1856 Wells Court Partners, LP (Wells Court) 99% 08 AE Associates LP (Avenida Espana) 99% 08 Agape Housing LP 99% 08 Anglo Edison LLC No. 1 (Las Brisas) 99% 08 Anglo Edison Ravenwood L.L.C. 99% 08 Brantwood II Associates LP 99% 08 Brooks School Associates LP 99% 08 Bryn Mawr - Belle Shore LP (The) 99% 08 Bush Hotel LP 99% 08 Centertown Associates LP (Ravenwood) 99% 08 Centro Partners LP (El Centro) 99% 08 Cochrane Village Apartments LP 99% 08 Coyote Springs Apartments Associates LP 99% 08 Cypress Cove Associates 99% 08 Del Carlo Court Associates LP 99% 08 Delta Plaza Apartments LP 99% 08 EAH Larkspur Creekside Associates LP 99% 08 East Cotati Avenue Partners LP 99% 08 EDISON FUNDING OLIVE COURT 100% 09 Olive Court Housing Associates LP 0.6% 08 Edmundson Associates LP (Willows) 99% 08 El Barrio Academy Urban Renewal Associates, LP (Academy Street) 99% 08 Elizabeth West & East LP 99% 08 Farm (The) Associates LP 99% 08 Fremont Building LP (Crescent Arms) 99% 08 Gilroy Redwood Associates LP (Redwoods) 99% 08 Ginzton Associates LP 99% 08 Grossman Apartments Investors LP 99% 08 Heartland-Wisconsin Rapids Timber Trails LLC (Timber Trails) 99% 08 Heather Glen Associates LP 99% 08 HMB-Atlanta I LP (Spring Branch) 99% 08 Holy Family Associates LP 99% 08 Lackawana Housing Associates LLC (Goodwill Neighborhood Residences) 99% 08 Maplewood School Apartments LP 99% 08 Mar Associates LP (Frank Mar) 99% 08 McFarland Press Associates LP 99% 08 Mercantile Housing LLC (Mercantile Square) 99% 08 Merrill Road Associates LP 99% 08 MH I LP 99% 09 California Park Apartments LP 99% 08 MHICAL 94 LP (Delaware partnership) 99%LP 09 Mayacamas Village Associates LP 99% 09 Rincon De Los Esteros Associates LP 99% 09 West Capital Courtyard LP 99% 09 Winfield Hill Associates LP 99% 08 MHICAL 95 LP (Delaware partnership) 99%LP 09 Abby Associates LP (Windmere) 99% 09 Antelope Associates LP 99% 09 Baker Park Associates LP 99% 09 Bracher Associates LP 99% 09 Colina Vista LP 99% 09 Florin Woods Associates LP 99% 09 Mercy Housing California VI LP (205 Jones) 99% 09 Pinmore Associates LP 99% 09 Sunset Creek Partners LP 99% 08 MHICAL 96 LP (Delaware partnership) 99%LP 09 Greenway Village Associates LP 99% 09 Kennedy Court Partners LP 99% 09 Klamath Associates LP 99% 09 Sky Parkway Housing Associates LP 99% 11 09 Westgate Townhomes Associates LP 99% 08 Mid-Peninsula Century Village Associates LP (Century Village) 99% 08 Mission Capp LP 99% 08 Mission Housing Partnership 1996 LP (Delaware partnership) 99%LP 09 La Terraza Associates LP (Carlsbad Villas at Camino Real) 99% 08 Neary Lagoon Partners LP 99% 08 North Park Village LLC 99% 08 Oceanside Gardens LP 99% 08 Omaha Amber Ridge LP (Amber Ridge) 99% 08 Open Door Associates LP (West Valley) 99% 08 Palmer House LP 99% 08 Pellettieri Homes Urban Renewal Associates, LP 99% 08 Richmond City Center Associates LP 99% 08 Riverside/Liebrandt Partners LP (La Playa) 99% 08 Roebling Village Inn Urban Renewal LP 99% 08 Rosebloom Associates LP (Oakshade) 99% 08 San Pablo Senior Housing Associates LP 99% 08 San Pedro Gardens Associates LP 99% 08 Santa Paulan Senior Apartments Associates LP (The Paulan) 99% 08 South Beach Housing Associates LP (Steamboat) 99% 08 South Winery Associates LP (The Winery Apartments) 99% 08 Stoney Creek Associates LP 99% 08 Studebaker Building LP 99% 08 Sultana Acres Associates LP 99% 08 Thomson Rental Housing, LP (Washington Place) 99% 08 Tuscany Associates LP (Tuscany Villa) 99% 08 Villa Maria Housing LP 99% 08 Washington Creek Associates LP 99% 08 Westport Village Homes Associates LP 99% 08 Wheeler Manor Associates LP 99% 08 YWCA Villa Nueva Partners LP 99% 05 MHICAL 96 COMPANY [owns 8.96% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 06 ECH/HFC GP Partnership No. 1 50.4% 07 Edison Capital Housing Partners VII LP 19.4%GP 08 C-Court LP (Cawelti Court) 99% 08 Cottonwood Affordable Housing LP 99% 08 Fifth & Wilshire Apartments LP 99% 08 Flagstaff Affordable Housing II, LP (Forest View Apts.) 99% 08 Huff Avenue Associates LP 99% 08 Mountain View Townhomes Associates LP 99% 08 Oak Forest Associates LP 99% 08 Paradise Road Partners LP (Gateway Village) 99% 08 Woodland Arms Apartments, Ltd. 99% 06 Edison Capital Affordable Housing 99A G.P. 36.47% 07 Edison Capital Housing Partners IX LP 13.5533%GP 08 1010 SVN Associates LP 99% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99% 08 Walnut Avenue Partnership LP 99% 05 MHICAL 97 COMPANY 06 ECH/HFC GP Partnership No. 1 14.7% 07 Edison Capital Housing Partners VII LP 19.4%GP 08 C-Court LP (Cawelti Court) 99% 12 08 Cottonwood Affordable Housing LP 99% 08 Fifth & Wilshire Apartments LP 99% 08 Flagstaff Affordable Housing II, LP (Forest View Apts.) 99% 08 Huff Avenue Associates LP 99% 08 Mountain View Townhomes Associates LP 99% 08 Oak Forest Associates LP 99% 08 Paradise Road Partners LP (Gateway Village) 99% 08 Woodland Arms Apartments, Ltd. 99% 06 Edison Capital Affordable Housing 99A G.P. 33.05% 07 Edison Capital Housing Partners IX LP 13.5533%GP 08 1010 SVN Associates LP 99% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99% 08 Walnut Avenue Partnership LP 99% 06 MHICAL 97 LP 99%LP 07 Garnet Housing Associates LP 99% 05 MHICAL 97 LP 1%GP 06 Garnet Housing Associates LP 99% 05 MHIFED 94 COMPANY 05 MHIFED 94 LP (Delaware partnership) 1%GP; 99%LP to Bell Atlantic 06 Berry Avenue Associates LP 99% 06 Carlton Way Apartments LP 99% 06 CDR Senior Housing Associates (Casa del Rio) 99% 06 Corona Ely/Ranch Associates LP 99% 06 Fairview Village Associates LP 99% 06 Fell Street Housing Associates LP 99% 06 Hope West Apartments LP 99% 06 Morrone Gardens Associates LP 99% 06 Pajaro Court Associates LP 99% 06 Tierra Linda Associates LP 99% 06 Tlaquepaque Housing Associates LP 99% 05 MHIFED 95 COMPANY 05 MHIFED 95 LP (Delaware partnership) 1%GP; 99%LP to Bell Atlantic 06 1101 Howard Street Associates LP 99% 06 Avalon Courtyard LP (Carson Senior Housing) 99% 06 Hollywood El Centro LP 99% 06 La Brea/Franklin LP 99% 06 Larkin Pine LP 99% 06 Mercy Housing California III LP (3rd & Reed) 99% 06 Pinole Grove Associates LP 99% 06 Second Street Center LP (Santa Monica) 99% 06 Solinas Village Partners LP 99% 06 Three Oaks Housing LP 99% 05 MHIFED 96 COMPANY 05 MHIFED 96 LP (Delaware partnership) 5%GP; 95%LP to Cargill 06 Lavell Village Associates LP 99% 06 North Town Housing Partners LP (Villa del Norte Village) 99% 06 Poco Way Associates LP 99% 06 Seasons Affordable Senior Housing LP 99% 05 MHIFED 96A COMPANY 05 MHIFED 96A LP (Delaware partnership) 1%GP; 99%LP to Bell Atlantic 06 Good Samaritan Associates LP 99% 06 Metro Senior Associates LP 99% 06 Oxnard Housing Associates LP 99% 06 Reseda Village LP 99% 13 06 Round Walk Village Apartments LP 99% 06 Santa Alicia Family Housing Associates 99% 06 Vine Street Court LP 99% 06 Vine Street Court LP II 99% 05 MHIFED 97 COMPANY 06 MHIFED 97 LP 99%LP 05 MHIFED 97 LP 1%GP 05 Mid-Peninsula Sharmon Palms Associates LP (Sharmon Palms) 99% 05 MISSION HOUSING ALPHA 06 Lee Park Investors LP (Pennsylvania partnership) 99% 05 MISSION HOUSING BETA [owns 2.58% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 MISSION HOUSING DELTA [owns 1.07% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 06 MH II LP 99% 07 5363 Dent Avenue Associates LP 99% 06 MH III LP 99% 07 DeRose Housing Associates LP 99% 06 MH IV LP 99% 07 MPT Apartments LP (MacArthur Park) 99% 06 MH V LP 99% 07 Centennial Place LP 99% 05 MISSION HOUSING DENVER [owns 5.67% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 MISSION HOUSING EPSILON [owns 0.54% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 06 Edison Capital Affordable Housing 99A G.P. 2.78% 07 Edison Capital Housing Partners IX LP 13.5533%GP 08 1010 SVN Associates LP 99% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99% 08 Walnut Avenue Partnership LP 99% 05 MISSION HOUSING GAMMA [owns 1.73% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 MISSION HOUSING HOLDINGS [owns 13.10% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 Mission Housing Partnership 1996 LP (Delaware partnership) 1%GP 06 La Terraza Associates LP (Carlsbad Villas at Camino Real) 99% 05 MISSION HOUSING THETA 06 MISSION FUNDING THETA [owns 0.01% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 07 Cedarshores Limited Dividend Housing Association LP 0.01% 07 Eastwood Homes LP 0.01% 07 Edison Capital Affordable Housing 99A G.P. 0.01% 08 Edison Capital Housing Partners IX LP 13.5533%GP 09 1010 SVN Associates LP 99% 09 2814 Fifth Street Associates LP (Land Park Woods)99% 14 09 Alma Place Associates LP 99% 09 Knolls Community Associates LP 99% 09 Monterra Village Associates LP 99% 09 Pacific Terrace Associates LP 99% 09 PVA LP (Park Victoria) 99% 09 Sherman Glen, L.L.C. 99% 09 Strobridge Housing Associates LP 99% 09 Trolley Terrace Townhomes LP 99% 09 Walnut Avenue Partnership LP 99% 07 Edison Capital Affordable Housing 99B G.P. 0.01% 08 Edison Capital Housing Partners X LP 19.3952%GP 09 Beacon Manor Associates LP 99% 09 Boulder Creek Apartments LP 99% 09 Burlington Senior Housing LLC 99% 09 CCS/Renton Housing LP (Renton) 99% 09 Coolidge Station Apartments L.L.C. 99% 09 Lark Ellen LP 99% 09 Mercy Housing California IX LP (Sycamore) 99% 09 Morgan Hill Ranch Housing LP 99% 09 Pacifica Community Associates LP (Villa Pacifica) 99% 09 Persimmon Associates LP 99% 09 Providence-Brown Street Housing LP (Brown Street) 99% 09 San Juan Commons 1996 LP 99% 09 Timber Sound, Ltd. 99% 09 Timber Sound II, Ltd. 99% 09 Trinity Park Apartments LP 99% 09 Venbury Trail LP 99% 07 Oakdale Terrace Leased Housing Associates LP 0.01% 07 Westfield Condominium Investment LP 0.01% 07 Woodleaf Village LP 0.01% 06 Mission Housing Investors Partnership 5%GP; 95%LP to GECC 07 1028 Howard Street Associates LP 99% 07 Forest Winds Associates LP 99% 07 Glen Eden Associates LP (A Street) 99% 07 Gray's Meadows Investors LP 99% 07 Prince Bozzuto LP (Fairground Commons) (Maryland partnership) 99% 07 Rancho Park Associates LP 99% 07 Rustic Gardens Associates LP 99% 07 Sea Ranch Apartments LP 99% 07 Springdale Kresson Associates LP (Jewish Federation) (New Jersey partnership) 99% 05 MISSION HOUSING ZETA [owns 5.35% of Edison Housing Consolidation Co.; see listing under MHICAL 95 Company.] 05 MISSION SA COMPANY 05 National Boston Lofts Associates LLLP (Boston Lofts) 99% 05 Oakdale Terrace Leased Housing Associates LP 98.99% 05 OL Hope LP (Olympic Hope) 99.9% 05 Olive Court Apartments LP 98.9% 05 Ontario Senior Housing LP (Ontario Plaza) 99% 05 Park Place 1998, LLC 99.9% 05 Park Williams Partners LP 99.9% 05 Parkview Apartments Associates LP (Parkview/Sunburst) 99.9% 05 Pecan Court Associates LP 99% 05 Pilot Grove LP (Massachusetts partnership) 99% 05 Pinewood on Wisconsin Apartments 99% 05 Post Office Plaza LP (Ohio partnership) 99% 05 Preservation Properties I 99.9% 05 Preservation Properties II 99.9% 05 Preservation Properties III 99.9% 05 Preservation Properties IV 99.9% 05 Preservation Properties V 99.9% 15 05 Project Home I LLC 99.99% 05 Red Lake LP #1 99% 05 San Martin de Porres LP 99.9% 05 Saratoga Vacaville LP (Saratoga Senior) 99.9% 05 Schoolhouse Court Housing Associates LP 99% 05 Serena Sunbow LP (Villa Serena) 99.9% 05 Southern Hotel LP 99.9% 05 Springdale Preservation LP (Springdale West) 99.9% 05 Tabor Grand LP (Colorado partnership) 99% 05 Terra Cotta Housing Associates LP 99.9% 05 Vista Sonoma Senior Living LP 99.9% 05 WGA INVESTORS COMPANY [dead project] 05 West Valley Hart LP (Hart & Alabama) 99.9% 05 Westfair LLC (Cedar Ridge) 05 Westfield Condominium Investment LP 98.99% 05 White Mountain Apache LP 99% 05 Wingate LLC (Regency Park) 99.9% 04 EDISON INTEGRATED ENERGY SERVICES 04 MISSION FIRST ASSET INVESTMENT 04 MISSION FUNDING BETA 04 MISSION FUNDING EPSILON 05 EDISON CAPITAL (BERMUDA) INVESTMENTS, LTD. (Bermuda corporation) Address: Clarendon House, 2 Church Street, Hamilton HM CX, Bermuda 06 Edison Capital LAI (Bermuda) Ltd. (Bermuda corporation) Address: Clarendon House, 2 Church Street, P.O. Box HM666, Hamilton HM CX, Bermuda 07 Trinidad and Tobago Methanol Company Limited (equity) 1.0% 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% Address: Clarendon House, 2 Church Street, P.O. Box HM666, Hamilton HM CX, Bermuda 07 AIG Asian Infrastructure Fund II LP 5.8% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Emerging Europe Infrastructure Fund LP 18.05% 07 AIG Emerging Europe Infrastructure Management LP 23.6%GP 05 EDISON CAPITAL INTERNATIONAL (BERMUDA) LTD. Address: Clarendon House, 2 Church Street, P.O. Box HM666, Hamilton HM CX, Bermuda 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% 07 AIG Asian Infrastructure Fund II LP 5.8% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Emerging Europe Infrastructure Fund LP 18.05% 07 AIG Emerging Europe Infrastructure Management LP 23.6%GP 06 Electricidad de La Paz S.A. (Electropaz) (equity) 10% 06 Lyonnaise Latin America Water Corporation Ltd. (equity) 25.8% 06 Olmeca Cable Investments Ltd. (Mandeville Mexico, S.A.) 21.7% 05 Edison Capital Latin American Investments Holding Company (Delaware corporation) 06 Edison Capital Latin American Investments (Bermuda) Ltd. (Bermuda corporation) 33.3% 07 AIG Asian Infrastructure Fund II LP 5.8% 07 AIG-GE Capital Latin American Infrastructure Fund LP 8% 07 AIG Emerging Europe Infrastructure Fund LP 18.05% 07 AIG Emerging Europe Infrastructure Management LP 23.6%GP 05 EDISON CAPITAL (NETHERLANDS) HOLDINGS B.V. Address: Aert van Nesstraat 45, 3012 CA Rotterdm, The Netherlands 06 EDISON CAPITAL (NETHERLANDS) INVESTMENTS B.V. Address: Aert van Nesstraat 45, 3012 CA Rotterdm, The Netherlands 16 07 HpC King's College Hospital (Holdings) Limited 20% 07 Summit Holdings (Law) Limited (Law Hospital) 20% 05 GEM Energy Company (New York partnership) 50%GP 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, LP 14.27% 04 MISSION FUNDING ZETA 05 Huntington LP (New York partnership) 50% 05 Lakota Ridge LLC 75% 05 Shaokatan Hills LLC 75% 05 Woodstock Hills LLC 75% 04 MISSION IOWA WIND COMPANY 05 Storm Lake Power Partners I LLC (99%) 03 EDISON MORTGAGE COMPANY 03 MISSION BARTLETT HILL COMPANY 03 MISSION INTERNATIONAL CAPITAL, INC. 03 RENEWABLE ENERGY CAPITAL COMPANY 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 03 CALABASAS PALATINO, INC. (Inactive) 03 Carol Stream Developers G.P. (Illinois partnership) 60%GP 03 Centrelake Partners, LP (limited partnership) 98%GP 03 IRWINDALE LAND COMPANY (Inactive) 03 MISSION AIRPORT PARK DEVELOPMENT CO. 04 Carol Stream Developers G.P. (Illinois partnership) 40%GP 04 Centrelake Partners, LP (limited partnership) 2%LP 04 Mission Vacaville LP (limited partnership) 1%GP 03 MISSION INDUSTRIAL CONSTRUCTORS, INC. (Inactive) 03 Mission-Oceangate 75%GP 03 MISSION/ONTARIO, INC. (Inactive) 03 MISSION SOUTH BAY COMPANY (Inactive) 04 Mission-Oceangate 25%GP 03 MISSION TEXAS PROPERTY HOLDINGS, INC. (Inactive) 03 Mission Vacaville LP (limited partnership) 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 17 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) 02 EDISON MISSION ENERGY 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, leasing 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 or foreign utility companies 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. EDISON MISSION ENERGY DOMESTIC COMPANIES: 03 AGUILA ENERGY COMPANY (LP) 04 American Bituminous Power Partners, LP (Delaware limited partnership) 49.5%; 50% with Pleasant Valley 05 American Kiln Partners, LP (Delaware limited partnership) 49.5% of 53% 03 ANACAPA ENERGY COMPANY (GP) 04 Salinas River Cogeneration Company 50% 03 ARROWHEAD ENERGY COMPANY (Inactive) 03 BALBOA ENERGY COMPANY (GP) 04 Smithtown Cogeneration, LP (Delaware partnership) 50%; 100% w/Kingspark 03 BERGEN POINT ENERGY COMPANY (GP) 04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50% 05 Cogen Technologies NJ Ventures (Delaware G.P.) 0.75% 04 Cogen Technologies NJ Ventures (Delaware G.P.) 0.375% 03 BLUE RIDGE ENERGY COMPANY (GP) 04 Bretton Woods Cogeneration, LP (Delaware limited partnership) 50%; 100% w/Bretton Woods 03 BRETTON WOODS ENERGY COMPANY (GP & LP) 04 Bretton Woods Cogeneration, LP (Delaware LP) 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, LP (Delaware partnership) 50%; 100% w/Ridgecrest 03 CHESAPEAKE BAY 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, LP (Delaware LP) 50%; 100% w/Coronado 03 COLONIAL ENERGY COMPANY (Inactive) 03 CORONADO ENERGY COMPANY 04 Oconee Energy, LP (Delaware LP) 50%; 100% w/Clayville 03 DEL MAR ENERGY COMPANY (GP) 18 04 Mid-Set Cogeneration Company 50% 03 DELAWARE ENERGY CONSERVERS, INC. (Delaware corporation) (Inactive) 03 DESERT SUNRISE ENERGY COMPANY (Nevada corporation) (Inactive) 03 DEVEREAUX ENERGY COMPANY (LP) 04 Auburndale Power Partners, LP (Delaware LP) 49%LP; 50% w/El Dorado [see 4.03] 03 EASTERN SIERRA ENERGY COMPANY (GP & LP) 04 Saguaro Power Company, LP 50% 03 EAST MAINE ENERGY COMPANY (Inactive) [dissolving] 03 EDISON ALABAMA GENERATING COMPANY 03 EDISON MISSION ENERGY FUEL 04 EDISON MISSION ENERGY OIL AND GAS 05 Four Star Oil & Gas Company 50.1% (owns Lost Hills Cogeneration Facility) 04 EDISON MISSION ENERGY PETROLEUM (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 FUEL SERVICES, INC. [PowerGen project] 03 EDISON MISSION ENERGY FUNDING CORP. (Delaware corporation) 1% 03 EDISON MISSION ENERGY GLOBAL MANAGEMENT, INC. (Delaware corporation) 04 MAJESTIC ENERGY LIMITED (UK private limited company) Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 EME ROYALE (New Zealand private limited company) Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 EDISON MISSION ENERGY TAUPO LIMITED (New Zealand company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 CONTACT ENERGY LIMITED (New Zealand company) (equity) 40% [see 4.11] Address: Level 1, Harbor City Tower, 29 Brandon Street, Wellington, New Zealand 03 Edison Mission Energy Interface Ltd. (British Columbia company) Address: 2 Sheppard Ave. E. #200, North York, Ontario, Canada 04 The Mission Interface Partnership (Province of Ontario G.P.) 50% 03 EDISON MISSION FUEL TRANSPORTATION, INC. 03 EDISON MISSION FUEL RESOURCES, INC. 03 EDISON MISSION FINANCIAL MARKETING & TRADING CO. 04 EDISON MISSION MARKETING & TRADING, INC. 03 EDISON MISSION HOLDINGS CO. (formerly EME Homer City Holdings Co.) 04 CHESTNUT RIDGE ENERGY COMPANY 100% 05 EME Homer City Generation LP (Pennsylvania) 99%LP [see 4.08] 04 EDISON MISSION FINANCE CO. 100% 04 HOMER CITY PROPERTY HOLDINGS, INC. 100% 04 MISSION ENERGY WESTSIDE, INC. 100% 05 EME Homer City Generation LP (Pennsylvania) 1%GP [see 4.08] 03 EDISON MISSION OPERATION & MAINTENANCE, INC. (no partnership) 04 Mission Operations de Mexico, S.A. de C.V. 99% 03 EDISON MISSION PROJECT CO. (formerly EME UK International, Inc.) (Delaware corp) 100% 03 EL DORADO ENERGY COMPANY (GP) 04 Auburndale Power Partners, LP (Delaware LP) 1%GP; 50% w/ Devereaux [see 4.03] 03 EMP, INC. (Oregon corporation) (GP & LP) (Inactive) 03 FOUR COUNTIES GAS COMPANY (Inactive) 03 GLOBAL POWER INVESTORS, INC. 03 HANOVER ENERGY COMPANY 04 Chickahominy River Energy Corp. (Virginia corporation) (GP & LP) 05 Commonwealth Atlantic LP (Delaware partnership) [see 4.05] 50% 03 HOLTSVILLE ENERGY COMPANY (GP & LP) 04 Brookhaven Cogeneration, LP (Delaware partnership) 50%; 100% w/Madera 19 03 INDIAN BAY ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration III, LP (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, LP (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 LAKEVIEW ENERGY COMPANY 04 Georgia Peaker, LP (Delaware LP) 50%; 100% w/Silver Springs 03 LEHIGH RIVER ENERGY COMPANY (Inactive) 03 LONGVIEW COGENERATION COMPANY (held for Weyerhauser) 03 MADERA ENERGY COMPANY (GP) 04 Brookhaven Cogeneration, LP (Delaware partnership) 50%; 100% w/Holtsville 03 MADISON ENERGY COMPANY (LP) 04 Gordonsville Energy, LP (Delaware partnership) 49%; 50% w/Rapidan [see 4.06] 03 MIDWEST GENERATION EME, LLC (Delaware LLC) 100% Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 04 COLLINS HOLDINGS EME, LLC Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 04 EDISON MISSION MIDWEST HOLDINGS CO. 100% Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 05 EDISON MISSION OVERSEAS CO. (Com Ed project) 100% Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 06 EDISON MISSION OVERSEAS LTD. (Com Ed project) 100% Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 05 MIDWEST GENERATION, LLC (Com Ed project) 100% [see 4.09] Address: One Financial Place, 400 South LaSalle Street, Suite 3410, Chicago, Illinois 60605 03 Mission Capital, LP (Delaware LP) 3%; MIPS partnership 03 MISSION/EAGLE ENERGY COMPANY (Inactive) 03 MISSION ENERGY CONSTRUCTION SERVICES, INC. (Provides construction services for Paiton Project) 03 MISSION ENERGY GENERATION, INC. (Inactive) 03 MISSION ENERGY HOLDINGS, INC. 04 Mission Capital, LP (Delaware LP) 97%; MIPS partnership 03 MISSION ENERGY HOLDINGS INTERNATIONAL, INC. [holds 100% of the issued and outstanding Class A stock of MEC International B.V. (99.99%)--see INTERNATIONAL section] 04 EME UK INTERNATIONAL LLC (Delaware LLC) 100% [holds 100% of the issued and outstanding Class B stock of MEC International B.V. (0.01%)--see INTERNATIONAL section] 03 MISSION ENERGY INDONESIA (Inactive) 03 MISSION ENERGY MEXICO (Inactive) formerly the branch office in Mexico (no partnership) 03 MISSION ENERGY NEW YORK, INC. (GP & LP) 04 Brooklyn Navy Yard Cogeneration Partners, LP (Delaware partnership) 50% [see 4.04] Address: Flushing Avenue, Cumberland Street, Building 41, Brooklyn, New York 11205 03 MISSION ENERGY WALES COMPANY 04 Mission Hydro Limited Partnership 30% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 EME Generation Holdings Limited (UK company) 100% 20 Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Loyvic Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Energy Capital Partnership (Australia partnership) 1% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Enerloy Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 06 EME Victoria Generation Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Energy Capital Partnership (Australia partnership 98% 08 Enerloy Pty Ltd. (Australia company) 100% 07 Mission Energy Development Australia Pty Ltd. 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Gippsland Power Pty Ltd 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 Loy Yang B Joint Venture 49% [see 4.13] Address: Bartons Lane, Loy Yang, Victoria, Australia 06 Energy Capital Partnership (Australia partnership) 1%LP 07 Enerloy Pty Ltd. (Australia company) 100% 06 First Hydro Holdings Company (Australia partnership) 99% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 First Hydro Company 99% [see 4.16] Address: Bala House, St. David's Park, Ewloe, Dlwyd, Wales CH5 3XJ 07 First Hydro Finance plc 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 First Hydro Company 1% [see 4.16] Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 03 Mission Operations de Mexico, S.A. de C.V. 1% 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, LP (Delaware limited partnership) 2% 03 PARADISE ENERGY COMPANY (Inactive) 03 PLEASANT VALLEY ENERGY COMPANY (GP) 04 American Bituminous Power Partners, LP (Delaware limited partnership) 0.5%; 50% w/Aguila 05 American Kiln Partners, LP (Delaware Limited Partnership) 0.5% of 53% 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 LP (Nevada partnership) 50% [see 4.10] 03 RAPIDAN ENERGY COMPANY (GP) 04 Gordonsville Energy, LP (Delaware partnership) 1%; 50% w/Madison [see 4.06] 03 REEVES BAY ENERGY COMPANY (GP & LP) 21 04 North Shore Energy LP (Delaware partnership) 50%; 100% w/Santa Clara 05 Northville Energy Corporation (New York corporation) 100% 03 RIDGECREST ENERGY COMPANY (GP) 04 Riverhead Cogeneration I, LP (Delaware partnership) 50%; 100% w/Centerport 03 RIO ESCONDIDO ENERGY COMPANY 03 RIVERPORT ENERGY COMPANY (GP & LP) 04 Riverhead Cogeneration II, LP (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, LP 50% 03 SAN JUAN ENERGY COMPANY (GP) 04 March Point Cogeneration Company 50% 03 SAN PEDRO ENERGY COMPANY (GP) 04 Riverhead Cogeneration II, LP (Delaware partnership) 50%; 100% w/Riverport 03 SANTA ANA ENERGY COMPANY (GP) 04 Riverhead Cogeneration III, LP (Delaware partnership) 50%; 100% w/Indian Bay 03 SANTA CLARA ENERGY COMPANY (GP) 04 North Shore Energy, LP (Delaware partnership) 50%; 100% w/Reeves Bay 05 Northville Energy Corporation (New York corporation) 100% 03 SILVERADO ENERGY COMPANY (GP) 04 Coalinga Cogeneration Company 50% 03 SILVER SPRINGS ENERGY COMPANY 04 Georgia Peaker, LP (Delaware limited partnership) 50%; 100% w/Lakeview 03 SONOMA GEOTHERMAL COMPANY (GP & LP) 04 Geothermal Energy Partners Ltd. (Aidlin) 5%LP 03 SOUTH COAST ENERGY COMPANY (GP) 04 Harbor Cogeneration Company 30% [see 4.07] 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 50% 03 VISTA ENERGY COMPANY (New Jersey corporation) (Inactive) 03 WESTERN SIERRA ENERGY COMPANY (GP) 04 Sycamore Cogeneration Company (general partnership) 50% EDISON MISSION ENERGY INTERNATIONAL COMPANIES: 04 MEC International B.V. (Netherlands corporation) (Holding Company 99.99% owned by Mission Energy Holdings International, Inc., a California corp. (owns 100% of Class A Shares) and 0.01% by EME UK International LLC, a Delaware LLC (owns 100% of Class B shares) Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 05 Adelaide Ventures Ltd. (Cayman Island company) 100% Address: Walker House, Mary Street, P.O. Box 265GT, George Town, Grand Cayman, Cayman Islands 05 Beheer-en Beleggingsmaatschappij Botara B.V. (LYB Peakers Project) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Valley Power Pty Ltd. (proprietary limited Australia company; LYB Peakers Project) Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 05 Edison 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 22 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 (Indonesian company) 99% Address: Jl. Gen. A Yani No. 54 Probolinggo, East Java, Indonesia 05 Edison Mission Energy International B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Energy Services B.V. (Netherlands company) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Operation & Maintenance Services B.V. (Netherlands company) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Operation & Maintenance (Thailand) Company Limited 100% Address: 7th Fl. Bubhajit Bldg., 20 North Sathorn Road, Kwaeng Silom, Khet Bangrak, Bangkok 06 EME Philippines O&M Corporation (Philippines company) 100% Address: Unit 1105, Tower One, Ayala Triangle, Ayala Avenue, Makati City, Philippines 05 EME Caliraya B.V. (formerly Beheer-en Beleggingsmaatschappij Trepo B.V. 100% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 05 EME Kayalaan B.V. (formerly Beheer-en Beleggingsmaatschappij Hagra B.V. 100% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 05 EME Tri Gen B.V. 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Tri Energy Company Limited (Thai limited liability company) (Tri Energy Project) (equity) 25% [see 4.22] Address: 16th Floor, Grant Amarin Tower, New Petchburi Road, Ratchathewi, Bangkok 10320 Thailand 05 EME Victoria B.V. 100% (Inactive) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Global Generation B.V. 100% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 06 Caresale Services Limited Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Edison First Power Holdings I 100% [PowerGen project] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Edison Mission Marketing and Services Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 EME Finance UK Limited 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Energy Generation Finance PLC 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Maplekey Holdings Limited 100% Address: Lansdowne House, Berkeley Square, London W1X 23 5DH England 08 Maplekey UK Finance Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 Maplekey UK Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 10 Edison First Power Limited (Guernsey company) 100% [see 4.17] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 South Australia Holdings Ltd. 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Edison Mission Ausone Pty Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 EME Adelaide Energy Ltd. (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 EME Monet Ltd. (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 Edison Mission De Laide Pty Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 Edison Mission Vendesi Pty Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 Edison Mission Utilities Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 06 Redbill Contracts Limited 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 Hydro Energy B.V. (Netherlands limited liability company) 10% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Iberica de Energias, S.L. (Spain corp) 96.65% [see 4.18] Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 07 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [see 4.19] 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 EME Desarrello Espana S.L. 100% Address: Paseo de Gracia 18, 4o. Piso, 08007 Barcelona, Spain 06 Hydro Energy B.V. (Netherlands company) 90% 07 Iberica de Energias, S.L. (Spain corporation) 96.65% [see 4.18] 24 08 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [see 4.19] 09 Monasterio de Rueda, S.L. (Spain) 100% 06 Iberica de Energias, S.L. (Spain corporation) 3.35% [see 4.18] 07 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [see 4.19] 08 Monasterio de Rueda, S.L. (Spain) 100% 06 Saltos del Porma S.A. Address: Paseo de Gracia 18, 4o. Piso, 08007 Barcelona, Spain 05 Latrobe Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 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 51% [see 4.13] Address: Bartons Lane, Loy Yang, Victoria, Australia 05 Loy Yang Holdings Pty Ltd (Australia corporation) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 06 Edison Mission Energy Holdings Pty Ltd (Australian corp.) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Edison Mission Energy Australia Ltd. (Australian public company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Latrobe Power Partnership (Australian partnership) 1% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 Loy Yang B Joint Venture 51% [see 4.13] 07 Edison Mission Energy Australia Pilbara Power Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Edison Mission Operation & Maintenance Kwinana Pty Ltd. (Australia) 100% (Operator of Kwinana Project) Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Edison Mission Operation & Maintenance Loy Yang 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, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Kwinana Power Partnership (Australian G.P.) (equity) 1% [see 4.12] 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 51% [see 4.13] 06 Mission Energy Ventures Australia Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Mission Victoria Partnership (Australian partnership) 1% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture 51% [see 4.13] 25 06 Traralgon Power Pty. Ltd. (Australian corporation) 1% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Mission Victoria Partnership (Australian partnership) 46.69% 08 Latrobe Power Partnership (Australian partnership) 99% 09 Loy Yang B Joint Venture 51% [see 4.13] 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 L.S. (Turkish corporation) (Project company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isletme ve Bakim Ticaret L.S. (Turkish corporation) (O&M company) 80% Address: Merkez Man, Mahallesi Caddesi 11/8, Esenyurt, Istanbul, Turkey 05 MEC IES 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) Address: Ex S.S. 114km 146, 96100 Priolo G (SR), Sicily, Italy 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) (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 (equity) 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 (Indonesia company) (equity) (Paiton Project) 40% [see 4.14] Address: Menara Batavia, 8th Floor, Jl. K. H. Mas Mansyur Kav. 126, 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. (Netherlands company) 1% 06 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 1% 07 Doga Enerji Uretim Sanayi ve Ticaret L.S. (Turkish corporation) (Project company) 80% 07 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% 07 Doga Isletme Bakim Ticaret L.S. (Turkish corporation) (O&M company) 80% 06 MEC IES B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy Services s.r.l. 49% 06 MEC India B.V. (Netherlands company) 1% 07 Edison Mission Energy Power (Mauritius corporation) 06 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 1% 07 P. T. Adaro Indonesia (equity) 10% 06 MEC Indonesia B.V. (Netherlands company) 1% 07 P. T. Paiton Energy (Indonesia company) (equity) (Paiton Project) 40% [see 4.14] 06 MEC Laguna Power B.V. (Netherlands company) (Thailand Project) 1% 26 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.) (equity) [see 4.12] 06 MEC Priolo B.V. (Netherlands company) (ISAB Project) 1% 07 ISAB Energy, s.r.l. (Italian J.V. company) (equity) 1% of 49% (quota, not shares) [see 4.23] 06 MEC San Pascual B.V. (Netherlands company) 1% 07 San Pascual Cogeneration Company International B.V. 50% 08 San Pascual Cogeneration Company (Philippines) Ltd. (San Pascual Project) (equity) 1%GP and 74%LP 07 Morningstar Holdings B.V. (formerly Beheer-en Beleggingsmaatschappij Vestra B.V.) 50% 06 MEC Sidi Krir B.V. (Netherlands company) 1% 06 MEC Sumatra B.V. (Netherlands company) 1% 06 MEC Wales 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% [see 4.13] 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 99% [see 4.16] 10 First Hydro Finance plc 11 First Hydro Company 1% [see 4.16] 06 Mission Energy Italia s.r.l. 10% (Office in Italy) Address: via Mar della Cina, 304, 00144 Rome, Italy 06 P.T. Edison Mission Operation and Maintenance Indonesia (Indonesian company) 1% Address: Jl. Raya Surabaya Situbondo Km 141, P.O. Box 78, Paiton 67291, Probolinggo, East Java, Indonesia 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.) (equity) [See 4.12] 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) 99% of 49% (quota, not shares) [see 4.23] Address: Corso Gelone No. 103, Siracusa, Sicily, Italy 05 MEC San Pascual B.V. (Netherlands company) 99% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 06 San Pascual Cogeneration Company International B.V. 50% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 07 San Pascual Cogeneration Company (Philippines) Ltd (San Pascual Project) (equity) 1%GP and 74%LP 27 Address: Unit 1610/1611, Tower One, Ayala Triangle, Ayala Avenue, 1200 Makati City, Metro Manila, Philippines 06 Morningstar Holdings B.V. (formerly Beheer-en Beleggingsmaatschappij Vestra B.V.) 50% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 05 MEC Sidi Krir B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Sumatra B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Wales 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, England W1X 5DH 07 EME Generation Holdings Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 Loyvic Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 Energy Capital Partnership (Australia partnership) 1% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 10 Enerloy Pty Ltd. (Australia company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 EME Victoria Generation Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 Energy Capital Partnership (Australia partnership 98% 10 Enerloy Pty Ltd. (Australia company) 100% 09 Mission Energy Development Australia Pty Ltd. 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 10 Gippsland Power Pty Ltd 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 11 Loy Yang B Joint Venture 49% [see 4.13] Address: Bartons Lane, Loy Yang, Victoria, Australia 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 W1X 5DH England 09 First Hydro Company 99% [see 4.16] Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 09 First Hydro Finance plc 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 10 First Hydro Company 1% [see 4.16] Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 05 Mission Energy Company (UK) Limited (United Kingdom private limited company) 100% 28 Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Derwent Cogeneration Limited (United Kingdom private limited liability company) (equity) 33% [see 4.15] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Edison Mission Energy Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Edison Mission Operation & Maintenance Limited (a United Kingdom corporation) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Edison Mission Services Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Mission Hydro (UK) Limited 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 First Hydro Holdings Company 1% 08 First Hydro Company 99% [see 4.16] 08 First Hydro Finance plc 100% 09 First Hydro Company 1% [see 4.16] 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% [see 4.13] 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 99% [see 4.16] 10 First Hydro Finance plc 99% 11 First Hydro Company 1% [see 4.16] 06 Mission (No. 2) Limited (UK private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Pride Hold Limited (United Kingdom corporation) 99% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Lakeland Power Ltd. (United Kingdom private limited liability company) 100% [see 4.20] 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 W1X 5DH England 06 Rapid Energy Limited Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 Mission Energy Italia s.r.l. 90% Representative Office in Italy Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy 29 05 Pride Hold Limited (United Kingdom corporation) 1% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Lakeland Power Ltd. (United Kingdom private limited liability company) 100% [see 4.20] 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 W1X 5DH England 05 Rillington Holdings Limited (Gibraltar) (Inactive) Address: 57/63 Line Wall Road, Gibraltar 05 EcoElectrica S.a.r.l. (Luxemburg) Address: 10, rue Antoine Jans, L-1820 Luxembourg 06 EME del Caribe Holding GmbH (Austria) Address: 4020 Linz, Landstrasse 12, Austria 07 EME del Caribe (Cayman Islands) Address: First Floor, Caledonian House, Mary Street, George Town, Grand Cayman, Cayman Islands 08 EcoElectrica Holdings, Ltd. (Cayman Islands) 50% Address: 1350 GT, The Huntlaw Building, Fort Street, Grand Cayman, Cayman Islands 09 EcoElectrica Ltd. (Cayman Islands) 100% Address: 1350 GT, The Huntlaw Building, Fort Street,Grand Cayman, Cayman Islands 10 EcoElectrica LP (Bermuda partnership) (equity) 1% Address: Plaza Scotiabank, 273 Ponce de Leon Avenue, Suite 902, Hato Rey, Puerto Rico 00918 09 EcoElectrica LP (Bermuda partnership) (equity) 99% Address: Plaza Scotiabank, 273 Ponce de Leon Avenue, Suite 902, Hato Rey, Puerto Rico 00918 05 Southwestern Generation B.V. 100% Address: Croeselaan 18, 3521 CB Utrecht, The Netherlands 05 Traralgon Power Pty. Ltd. (Australian corporation) 99% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 06 Mission Victoria Partnership (Australian partnership) 46.69% (100% w/ Latrobe PPL 52.31% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 99% (owns 51% of the Loy Yang B facility) [see 4.13] 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. 30 SCE owns and operates one diesel-fueled generating plant, 37 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. SCE has sold all of its oil and gas fueled generating plants. Pursuant to the sale agreements, SCE will continue to operate the plants for two years after their sale. SCE has also been required to maintain the fuel pipeline and storage system to support the divested gas plants in the event the plants are required to burn oil in a system emergency. 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 7,228.4 circuit miles of 33kV, 55kV, 66kV, 115kV and 161kV lines, 3,522.3 circuit miles of 220kV lines, and 1235.9 circuit miles of 500kV lines consisting of 998.9 miles in California, 125 miles in Nevada and 112 miles in Arizona. SCE's distribution facilities consist of approximately 60,894 overhead circuit miles and 31,986 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: (1) 78,206,526,000 kwh of electric energy sold at retail or wholesale. (2) $7,046,046,114 of total revenues from such sales. (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: (1) 90,491,000 kwh of electric energy sold at wholesale outside of California or at the state line. (2) $14,977,267 of total revenues from such sales. (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. 31 Claimant: None. SCE: (1) 3,136,911,352 kwh of electric energy purchased at wholesale outside of California or at the state line. (2) $150,574,647 of total expenses from such purchases. 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) NAMEOF 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 REVENUESUNDER SUCH AGREEMENT(S). EDISON CAPITAL 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. 32 (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, the foreign utility company. 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 1999 = $1,028,762 (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 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, the foreign utility company. 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 33 Net income after taxes for 1999 = $2,322,283 (e) There are no contracts between EPZ and any system company. EDISON MISSION ENERGY Americas 4.03 AUBURNDALE POWER PARTNERS, L.P. [EWG] (a) Auburndale Power Partners, L.P. ("APP") 1501 West Derby Avenue, Auburndale, FL 33823 Auburndale's facilities consist of a 150MW topping-cycle cogeneration facility fueled by natural gas. Electricity produced by the facility is sold to Florida Power Corporation and certain other wholesale purchasers. The facility also produces thermal energy, which is sold to Cutrale Citrus Juices, USA and Todhunter International, Inc. The facility is located near Auburndale in Polk County, Florida, and went into operation on July 1, 1994. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy, through its wholly owned subsidiary Devereaux Energy Company owns a 49% limited partnership interest in Auburndale Power Partners, L.P., and through its wholly owned subsidiary El Dorado Energy Company owns a 1% general partnership interest in Auburndale Power Partners, L.P. (c) Capital contributions were made by Edison Mission Energy through its subsidiaries Devereaux Energy Company in the amount of $35,280,000 and El Dorado Energy Company in the amount of $720,000, providing a total amount of $36,000,000. (d) Capitalization or total equity = $6,341,558 Net loss after taxes for 1999 = ($1,466,309) (e) Edison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $773,569 in compensation as operator in 1999. 4.04 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] (a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY") Flushing Avenue, Cumberland Street, Building 41, Brooklyn, New York 11205 BNY's facilities consist of a 286MW combined cycle cogeneration facility located at Brooklyn Navy Yard Industrial Park in Brooklyn, New York. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy, through its wholly owned subsidiary Mission Energy New York, Inc., owns 50% of Brooklyn Navy Yard Cogeneration Partners, L.P., the exempt wholesale generator. (c) Capital contribution made by Edison Mission Energy through its subsidiary Mission Energy New York, Inc., was in the amount of $12,758,043. 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 certain construction litigation between BNY (and its partners) and PMNC, as contractor for BNY. Said indemnification has been assigned for the benefit of the senior lenders of the Financing. Mission Energy New York, Inc., entered into a Construction Loan Note (approximately $94 million) in favor of BNY to fund a portion of the project. 34 (d) Capitalization or total equity = ($23,231,813) Net loss after taxes for 1999 = ($14,823,481) (e) Other than with respect to the Edison Mission Energy indemnity and the Construction Loan Note as listed in Item (c) above, there are no contracts between BNY and any system company. 4.05 COMMONWEALTH ATLANTIC L.P. [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 (the "Facility") selling power to Virginia Power. The Facility went into operation on June 4, 1992. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy, through its wholly owned subsidiary Hanover Energy Company owns Chickahominy River Energy Corp. which owns a 1% general partnership interest and a 49% limited partnership interest in CALP. (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. (d) Capitalization or total equity = $10,917,166 Net income after taxes for 1999 = $657,612 (e) There are no contracts between CALP and any system company. 4.06 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 is 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 owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy, through its wholly owned subsidiary Madison Energy Company ("Madison") owns a 49% limited partnership interest in GELP, and, through its wholly owned subsidiary Rapidan Energy Company ("Rapidan"), owns a 1% general partnership interest in GELP, the exempt wholesale generator. (c) Madison made a capital contribution of $25,237,450 and Rapidan made a capital contribution of $515,050, providing a total amount of $25,752,500.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 = $28,538,563 35 Net income after taxes for 1999 = $5,182,048 (e)Ed ison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $715,860 in compensation as operator in 1999. 4.07 HARBOR COGENERATION COMPANY [EWG] (a) Harbor Cogeneration Company ("Harbor") 420 Henry Ford Avenue, Wilmington, CA 93210 Harbor, a California general partnership, was organized on March 12, 1987, and owns and operates an 80 MW cogeneration facility located in the Wilmington Oil Field, in California near the City of Long Beach. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of South Coast Energy Company, which owns 30% general partnership interests in Harbor, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary South Coast Energy Company in the amount of $3,577,468. (d) Capitalization or total equity = $30,590,803 Net income after taxes for 1999 = $14,597,000 (e) Edison Mission Marketing and Trading Co.,a wholly owned subsidiary of Edison Mission Energy, provides services to Harbor, including marketing, trading and selling of Energy (as defined in the Energy Sales and Fuel Sales Agreement dated as of June 14, 1999, between Harbor Cogeneration Company and Edison Mission Marketing and Trading Co. (the "Agreement")" and Ancillary Services (as defined in the Agreement) to third parties. As of December 31, 1999, Edison Mission Marketing and Trading Co. has received $30,912 in exchange for services provided to Harbor pursuant to the Agreement. 4.08 EME HOMER CITY GENERATION L.P. [EWG] (a) EME Homer City Generation L.P. ("Homer City") 1750 Power Plant Road, Homer City, PA 15748-8009 Homer City owns a 1,884 MW coal-fired generating station located in Indiana County, approximately 45 miles northeast of Pittsburgh, Pennsylvania. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Edison Mission Holdings Co.; Edison Mission Energy Holdings Co. owns 100% of EME Homer City Generation L.P. through its wholly owned subsidiaries Mission Energy Westside, Inc. and Chestnut Ridge Energy Company. Mission Energy Westside, Inc. owns a 1% general partnership interest in Homer City and Chestnut Ridge Energy Company. owns a 99% limited partnership interest in Homer City, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Edison Mission Energy Holdings Co. in the amount of $1,066,889,469. Guarantees: Edison Mission Holdings Co. closed a $1.1 billion financing and Edison Mission Energy closed a $700 million financing for the acquisition by Homer City, a partnership comprised of wholly-owned indirect subsidiaries of Edison Mission Energy, of the Homer City Electric Generation Station. 36 The Edison Mission Holdings Co. ("EM Holdings") financing is structured on a limited recourse basis, in which the lenders look primarily to the cash revenues of Homer City to repay the debt. In connection with the EM Holdings financing and the issuance of $830 million senior secured bonds by EM Holdings in May 1999, Edison Mission Energy entered into a Credit Support Guarantee under which Edison Mission Energy agreed to guarantee the payment and performance of the obligations of EM Holdings to the bond holders, banks and other secured parties which financed the acquisition of Homer City in an aggregate amount not to exceed approximately $42 million. This guarantee is to remain in place until December 31, 2001. In addition, to satisfy the requirements under the EM Holdings financing to have a Debt Service Reserve Requirement in an amount equal to six months' debt service projected to be due following the payment of a distribution, Edison Mission Energy entered into a Debt Service Reserve Guarantee under which Edison Mission Energy agreed to guarantee the payment and performance of the obligations of EM Holdings in the amount of approximately $35 million. The Edison Mission Energy financing consists of a 364 day interest only revolving credit facility which is structured on a recourse, unsecured basis. Edison Mission Energy entered into a Guaranty dated as of August 1, 1998, wherein it guarantees all of the obligations of Mission Energy Westside, Inc. under the Asset Purchase Agreement. (d) Capitalization or total equity = $988,066,658 Net income after taxes for 1999 = $27,628,089 (e) Edison Mission Energy Services, Inc. (formerly Edison Mission Energy Fuel Services, Inc.) provides services to Homer City relating to arranging for the supply of fuel to the facility pursuant to the Fuel Services Agreement (the "Agreement") between Edison Mission Energy Services, Inc. and Homer City. As of December 31, 1999, Edison Mission Energy Services, Inc. has received payment in the amount of $0 for services provided pursuant to the Agreement. Edison Mission Financial Marketing & Trading Co.("EMFMT"), an ultimately wholly owned subsidiary of Edison Mission Energy, has entered into that certain NOx Allowance Sales Agreement with Homer City, wherein EMFMT is to purchase from Homer City, NOx Allowances available to Homer City and not required for the use in the operation and maintenance of the Homer City facility. As of December 31, 1999, EMFMT has paid $34,675 to Homer City for NOx Allowances. Edison Mission Marketing & Trading, Inc.("EMMT"), an ultimately wholly owned subsidiary of Edison Mission Energy entered into that certain Energy Sales Agreement with Homer City, wherein EMMT shall purchase from Homer City energy (defined as electric energy, expressed in megawatt hours or capacity, of the character commonly known as three-phase, sixty hertz electric energy that is delivered at the nominal voltage of the delivery point). As of December 31, 1999, EMMT has paid $196,432 to Homer City for energy provided pursuant to the Agreement. 4.09 MIDWEST GENERATION, LLC. [EWG] (a) Midwest Generation, LLC ("Midwest") One Financial Place 440 South LaSalle Street, Suite 3410 Chicago, IL 60605 Midwest owns and/or leases and operates 9,510 MW of generating capacity ("Facilities") acquired from Commonwealth Edison Company and sells electric energy at wholesale. Facilities consist of (1) six coal fired plants totaling 5,646 MW; (2) the 2,698 MW dual-fueled Collins Station in Morris, Illinois; and (3) 71 dual-fueled peaking units at nine sites totaling 1,166 MW. 37 (1) The facilities consist of six coal-fired plants located in Illinois totaling 5,646 MW: 542 MW Crawford plant in Chicago 327 MW Fisk plant in Chicago 789 MW Waukegan plant in Waukegan 1358 MW Joliet plant in Joliet 1092 MW Will County plant in Lockport 1538 MW Powerton plant in Pekins (2) 2,698 MW dual-fueled Collins Station in Morris, Illinois (3) The peaking units are located at the Crawford, Fisk, Waukegan, Calumet, Joliet, Bloom, Electric Junction, Sabrooke, and Lombard Stations. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Midwest Generation EME, LLC; Midwest Generation EME, LLC owns 100% of Edison Mission Midwest Holdings Co. which owns 100% of Midwest, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Edison Mission Midwest Holdings Co. in the amount of $2,500,000,100. Guarantees: On March 22, 1999, Edison Mission Energy entered into agreements to acquire 100% of the fossil-fuel generating assets of Commonwealth Edison Company and to operate the plants, which are all located in Illinois. The closing of the transaction occurred on December 15, 1999. A list of Edison Mission Energy contingent liabilities relating to the transaction is set forth below: (1)Guaranty of Edison Mission Energy in favor of Northern Illinois Gas Company, dated November 1, 1999 ("Guaranty"). The agreements listed below (the "Nicor Agreements") were assigned by Commonwealth Edison Company to Edison Mission Marketing and Trading, Inc., a wholly owned subsidiary of Edison Mission Energy, via an Assignment Agreement, dated November 1, 1999, between Edison Mission Marketing & Trading, Inc, Commonwealth Edison Company and Northern Illinois Gas Company in connection with the asset sale. The Guaranty executed by Edison Mission Energy guarantees Edison Mission Marketing & Trading, Inc.'s performance of the Nicor Agreements. The Guaranty contains a $10 million cap on Edison Mission Energy's liability. The Nicor Agreements were subsequently assigned by Edison Mission Marketing and Trading, Inc. to Midwest Generation, LLC, a wholly owned subsidiary of Edison Mission Energy, via an Assignment Agreement, dated December 13, 1999, between Edison Mission Marketing and Trading, Inc. and Midwest Generation, LLC. Under the terms of the Guaranty, Edison Mission Energy remains liable for Midwest Generation, LLC's performance of the Nicor Agreements. The Nicor Agreements include: Collins Gas Service Agreement between Commonwealth Edison Company and Northern Illinois Gas Company, dated March 25, 1996; Agency Agreement between Commonwealth Edison Company and Northern Illinois Gas Company, dated December 10, 1991; Gas Service Agreement between Commonwealth Edison Company and Northern Illinois Gas Company, dated November 1, 1999; 38 Operational Balancing Agreement between Commonwealth Edison Company and Northern Illinois Gas Company, dated April 29, 1996; Multiple Accounts Contract between Commonwealth Edison Company and Northern Illinois Gas Company, dated June 1, 1996; and Critical Material Procurement Agreement between Commonwealth Edison Company and Northern Illinois Gas Company, dated July 1, 1999. (2) Agency Agreement, dated as of December 15, 1999, between Commonwealth Edison Company, Edison Mission Midwest Holdings Co. and Edison Mission Energy, relating to the Coal Purchase Contract and the Railcar Lease Agreement ("Agency Agreement"). Pursuant to the Agency Agreement, Edison Mission Energy and its affiliates receive the benefits of and are responsible for the liabilities under the agreements listed below (the "Unassigned Agreements") to which Commonwealth Edison Company is a party. Commonwealth Edison Company acts as Edison Mission Energy's agent with respect to the Unassigned Agreements and Edison Mission Energy is responsible for 78% of Commonwealth Edison Company's costs in managing the Unassigned Agreements. The Unassigned Agreements include: Amended and Restated Coal Purchase Contract between Commonwealth Edison Company and Decker Coal Company dated January 1, 1993, as further amended by Amendment No. 1 in 1993; Amendment No. 2 on June 16, 1994; Amendment No. 3 on May 1, 1995; Amendment No.4 on January 1, 1996; Amendment No. 5 on February 1, 1997; Amendment No. 6 on January 1, 1997; and Amendment No. 7 on February 1, 1999; and Railcar Lease Agreement dated July 15, 1993, between Commonwealth Edison Company and Society National Bank and related documents. (3) Guarantee, dated as of December 15, 1999 (the "Midwest Guarantee") by Midwest Generation, LLC ("Midwest") in favor of The Chase Manhattan Bank, as Administrative Agent under the Holdings Credit Agreement (as defined below). Edison Mission Midwest Holdings Co. ("Holdings"), certain lenders and The Chase Manhattan Bank, as Administrative Agent for such lenders entered into a credit agreement (the "Holdings Credit Agreement"), dated as of December 15, 1999, pursuant to which the lenders agreed to make loans to Holdings in an aggregate principal amount not to exceed $1,829,000,000. Under the Midwest Guarantee, Midwest absolutely and unconditionally guarantees the obligations of Holdings under the Holdings Credit Agreement. (4) Lease Obligations Guarantee, dated as of December 15, 1999 (the "Lease Obligations Guarantee (T1)") by Holdings in favor of Collins Trust I. Collins Trust I and Collins Holdings EME, LLC ("Collins Holdings") entered into a Facility Lease Agreement (T1) (the "Facility Lease (T1)") and Collins Holdings entered into a Facility Sublease Agreement (T1) (the "Facility Sublease (T1)") with Midwest, each dated as of December 15, 1999. Under the Lease Obligations Guarantee (T1), Holdings unconditionally and absolutely guarantees the payment of rent, sublease rent and termination value under both the Facility Lease (T1) and the Facility Sublease (T1). (5) Lease Obligations Guarantee, dated as of December 15, 1999 (the "Lease Obligations Guarantee (T2)") by Holdings in favor of Collins Trust II. Collins Trust II and Collins Holdings EME, LLC ("Collins Holdings") entered into a Facility Lease Agreement (T2) 39 (the "Facility Lease (T2)") and Collins Holdings entered into a Facility Sublease Agreement (T2) (the "Facility Sublease (T2)") with Midwest, each dated as of December 15, 1999. Under the Lease Obligations Guarantee (T2), Holdings unconditionally and absolutely guarantees the payment of rent, sublease rent and termination value under both the Facility Lease (T2) and the Facility Sublease (T2). (6) Lease Obligations Guarantee, dated as of December 15, 1999 (the "Lease Obligations Guarantee (T3)") by Holdings in favor of Collins Trust III. Collins Trust III and Collins Holdings EME, LLC ("Collins Holdings") entered into a Facility Lease Agreement (T3) (the "Facility Lease (T3)") and Collins Holdings entered into a Facility Sublease Agreement (T3) (the "Facility Sublease (T3)") with Midwest, each dated as of December 15, 1999. Under the Lease Obligations Guarantee (T3), Holdings unconditionally and absolutely guarantees the payment of rent, sublease rent and termination value under both the Facility Lease (T3) and the Facility Sublease (T3). (7) Lease Obligations Guarantee, dated as of December 15, 1999 (the "Lease Obligations Guarantee (T4)") by Holdings in favor of Collins Trust IV. Collins Trust IV and Collins Holdings EME, LLC ("Collins Holdings") entered into a Facility Lease Agreement (T4) (the "Facility Lease (T4)") and Collins Holdings entered into a Facility Sublease Agreement (T4) (the "Facility Sublease (T4)") with Midwest, each dated as of December 15, 1999. Under the Lease Obligations Guarantee (T4), Holdings unconditionally and absolutely guarantees the payment of rent, sublease rent and termination value under both the Facility Lease (T4) and the Facility Sublease (T4). (8) Guaranty, dated as of December 15, 1999 (the "Midwest OP Lease Guaranty (T1)") by Midwest in favor of Collins Generation I, LLC. Pursuant to the Midwest OP Lease Guaranty, Midwest guarantees the obligations of Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are: (i) the Facility Lease (T1), (ii) the Facility Sublease (T1), (iii) a Participation Agreement (T1), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust I, Collins Generation I, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T1), dated as of December 15, 1999 between Collins Holdings and Collins Trust I, and (v) a Facility Site Sub-Sublease Agreement (T1), dated as of December 15, 1999 between Collins Holdings and Midwest. (9) Guaranty, dated as of December 15, 1999 (the "Midwest OP Lease Guaranty (T2)") by Midwest in favor of Collins Generation II, LLC. Pursuant to the Midwest OP Lease Guaranty, Midwest guarantees the obligations of Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are: (i) the Facility Lease (T2), (ii) the Facility Sublease (T2), (iii) a Participation Agreement (T2), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust II, Collins Generation II, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T2), dated as of December 15, 1999 between Collins Holdings and Collins Trust II, and (v) a Facility Site Sub-Sublease Agreement 40 (T2), dated as of December 15, 1999 between Collins Holdings and Midwest. (10) Guaranty, dated as of December 15, 1999 (the "Midwest OP Lease Guaranty (T3)") by Midwest in favor of Collins Generation III, LLC. Pursuant to the Midwest OP Lease Guaranty, Midwest guarantees the obligations of Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are: (i) the Facility Lease (T3), (ii) the Facility Sublease (T3), (iii) a Participation Agreement (T3), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust III, Collins Generation III, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T3), dated as of December 15, 1999 between Collins Holdings and Collins Trust III, and (v) a Facility Site Sub-Sublease Agreement (T3), dated as of December 15, 1999 between Collins Holdings and Midwest. (11) Guaranty, dated as of December 15, 1999 (the "Midwest OP Lease Guaranty (T4)") by Midwest in favor of Collins Generation IV, LLC. Pursuant to the Midwest OP Lease Guaranty, Midwest guarantees the performance by Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are: (i) the Facility Lease (T4), (ii) the Facility Sublease (T4), (iii) a Participation Agreement (T4), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust IV, Collins Generation IV, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T4), dated as of December 15, 1999 between Collins Holdings and Collins Trust IV, and (v) a Facility Site Sub-Sublease Agreement (T4), dated as of December 15, 1999 between Collins Holdings and Midwest. (12) Guaranty, dated as of December 15, 1999 (the "Midwest Lessor Lease Guaranty (T1)") by Midwest in favor of Collins Trust I. Pursuant to the Midwest Lessor Lease Guaranty, Midwest guarantees the performance by Collins Holdings under each Operative Document to which it is a party. The "Operative Documents" for the purpose of this guarantee are:(i) the Facility Lease (T1), (ii) the Facility Sublease (T1), (iii) a Participation Agreement (T1), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust I, Collins Generation I, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T1), dated as of December 15, 1999 between Collins Holdings and Collins Trust I, and (v) a Facility Site Sub-Sublease Agreement (T1), dated as of December 15, 1999 between Collins Holdings and Midwest. (13) Guaranty, dated as of December 15, 1999 (the "Midwest Lessor Lease Guaranty (T2)") by Midwest in favor of Collins Trust II. Pursuant to the Midwest Lessor Lease Guaranty, Midwest guarantees the performance by Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are:(i) the Facility Lease (T2), (ii) the Facility Sublease (T2), (iii) a Participation Agreement (T2), dated as of December 15, 1999, by and among Collins 41 Holdings, Collins Trust II, Collins Generation II, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T2), dated as of December 15, 1999 between Collins Holdings and Collins Trust II, and (v) a Facility Site Sub-Sublease Agreement (T2), dated as of December 15, 1999 between Collins Holdings and Midwest. (14) Guaranty, dated as of December 15, 1999 (the "Midwest Lessor Lease Guaranty (T3)") by Midwest in favor of Collins Trust III. Pursuant to the Midwest Lessor Lease Guaranty, Midwest guarantees the performance by Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are:(i) the Facility Lease (T3), (ii) the Facility Sublease (T3), (iii) a Participation Agreement (T3), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust III, Collins Generation III, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T3), dated as of December 15, 1999 between Collins Holdings and Collins Trust III, and (v) a Facility Site Sub-Sublease Agreement (T3), dated as of December 15, 1999 between Collins Holdings and Midwest. (15) Guaranty, dated as of December 15, 1999 (the "Midwest Lessor Lease Guaranty (T4)") by Midwest in favor of Collins Trust IV. Pursuant to the Midwest Lessor Lease Guaranty, Midwest guarantees the performance by Collins Holdings under each Operative Documents to which it is a party. The "Operative Documents" for the purpose of this guarantee are:(i) the Facility Lease (T4), (ii) the Facility Sublease (T4), (iii) a Participation Agreement (T4), dated as of December 15, 1999, by and among Collins Holdings, Collins Trust IV, Collins Generation IV, LLC, the Wilmington Trust Company, not in its individual capacity, but solely as Owner Trustee, Holdings, Midwest, Midwest Funding LLC, Bayerische Landesbank International S.A., Bayerische Landesbank Girozentrale and Citibank, N.A., as Holder Representative, (iv) a Facility Site Sublease Agreement (T4), dated as of December 15, 1999 between Collins Holdings and Collins Trust IV, and (v) a Facility Site Sub-Sublease Agreement (T4), dated as of December 15, 1999 between Collins Holdings and Midwest. (16) Guarantee, dated as of December 15, 1999 (the "Holdings Guarantee") by Holdings in favor of Bayerische Landesbank International S.A ("Bayerische"). Under the Holdings Guarantee, Holdings guarantees the prompt payment in full when due of the reimbursement obligations of Midwest. Midwest has reimbursement obligations under each of (i) a Reimbursement Agreement I, dated as of December 15, 1999 between Bayerische and Midwest, pursuant to which Bayerische agreed to issue an irrevocable letter of credit up to an aggregate principal amount of $3,870,000; (ii) a Reimbursement Agreement II, dated as of December 15, 1999 between Bayerische and Midwest, pursuant to which Bayerische agreed to issue an irrevocable letter of credit up to an aggregate principal amount of $3,870,000; (iii) a Reimbursement Agreement III, dated as of December 15, 1999 between Bayerische and Midwest, pursuant to which Bayerische agreed to issue an irrevocable letter of credit up to an aggregate principal amount of $3,870,000; and (iv) a Reimbursement Agreement IV, dated as of December 15, 1999 between Bayerische and Midwest, pursuant to which Bayerische agreed to issue an irrevocable letter of credit up to an aggregate principal amount of $3,870,000. 42 (17) On March 22, 1999 Commonwealth Edison Company and Edison Mission Energy entered into that certain Asset Sale Agreement wherein Edison Mission Energy agreed to unconditionally and irrevocably guarantee to Commonwealth Edison Company and all of its successors and assigns, the due and punctual performance by any assignee of all covenants, agreements, terms, conditions, undertakings, indemnities and other obligations to be performed and observed by such assignee under the Related Agreements (defined in the Asset Sale Agreement as Agency Agreement, Bill of Sale and Instrument of Assignment, the Confidentiality Agreement, the Easement Agreements, the Facilities Agreements, the Grant Deeds, the Instrument of Assumption, the Power Purchase Agreements and the Reproration Agreements). (d) Capitalization or total equity = $2,492,658,601 Net loss after taxes for 1999 = ($7,341,531) (e) Edison Mission Marketing and Trading Co., a wholly owned subsidiary of Edison Mission Energy will provide services to Midwest, including marketing, trading and selling of Energy pursuant to an Energy Sales Agreement, which will be dated retroactively as of December 15, 1999, as soon as the agreement is finalized. As of December 31, 1999, EMMT has received $18,959 in exchange for servicesprovided to Midwest pursuant to the Agreement. 4.10 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 owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Quartz Peak Energy Company, which owns 50% of 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 = $11,291,413 Net income after taxes for 1999 = $1,580,228 (e) There are no contracts between Nevada Sun-Peak and any system company. Asia Pacific 4.11 CONTACT ENERGY LIMITED [FUCO] (a) Contact Energy Limited ("Contact") Level 1, Harbour City Tower, 29 Brandon Street, Box 10-742, Wellington, New Zealand In March 1999, Edison Mission Energy Taupo Ltd., an indirectly, wholly owned subsidiary of Edison Mission Energy ("EME Taupo") entered into agreements with the government of New Zealand to acquire 40% of Contact. Contact owns and operates hydroelectric, geothermal and natural gas-fired power generating plants in New Zealand with a total generating capacity of 2,371 MW. Contact also supplies gas and electricity to customers in New Zealand and has minority interests in two power projects in Australia. The acquisition was conditioned on 43 the New Zealand government completing an initial public offering of the remaining 60% of Contact, which occurred in mid-May 1999. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Edison Mission Energy Global Management, Inc., which owns 100% of Majestic Energy Limited, which owns 100% of EME Royale, which owns 100% of Edison Mission Energy Taupo Limited, which owns 40% of Contact, the foreign utility company. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Edison Mission Energy Global Management, Inc., in the amount of $326,453,060. Guarantees: As security for Edison Mission Energy's obligations to close the acquisition, Edison Mission Energy caused to be delivered letters of credit (the "Contact Letters of Credit") in the face amount of $625,000,000. In connection with the delivery of the Contact Letters of Credit, Edison Mission Energy executed and delivered its guaranty of repayment in favor of the Contact Letters of Credit issuers in the event of any draws thereunder. The Contact Letters of Credit were cancelled and returned to Edison Mission Energy upon the close of the two financings discussed below. In May 1999, Edison Mission Energy Global Management, Inc. ("EME Global"), a wholly owned subsidiary of Edison Mission Energy, issued $120 million of preferred stock in connection with the acquisition of Contact. Edison Mission Energy entered into a Support Agreement with EME Global that requires Edison Mission Energy to make capital contributions to EME Global in order for it to maintain a positive net worth and to provide sufficient funds for payment of declared dividends on preferred stock and any redemption price in respect of the preferred stock. Edison Mission Energy's maximum obligation under the Support Agreement is limited to either (A) an amount equal to twice the sum of (i) the liquidation preference of the preferred stock (currently approximately $240 million) and (ii) the liquidation preference on all outstanding preferred stock of EME Global ranking pari passu with the preferred stock (currently zero) or (B) the amount that Edison Mission Energy could lawfully distribute to its shareholder (Edison International) under the General Corporation Law of the State of California (approximately $278 million as of June 30, 1999). Also in connection with the acquisition of Contact, in May 1999, EME Taupo issued NZ$160 million of preferred stock. Edison Mission Energy entered into two Deeds of Covenant. The first Deed of Covenant (Facility Agreement) is in favor of Credit Suisse First Boston as a lender and requires Edison Mission Energy to provide funds to EME Taupo (A) of up to NZ$13 million annually in order for EME Taupo to meet its payment obligations to Credit Suisse First Boston in respect of interest and dividends and (B) to ensure that EME Taupo satisfies certain financial ratios. The second Deed of Covenant (Subscription Agreement) requires Edison Mission Energy to provide funds to the Preferred Stock Subscriber to compensate for any shortfall in attaching tax imputation credits to the dividends on the preferred stock. (d) Capitalization or total equity = $342,578,000 Net income after taxes for 1999 = $577,860 (e) There are no service, sales or construction agreements between Contact and any system company. 4.12 KWINANA POWER PARTNERSHIP [FUCO] 44 (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; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI directly owns 99% of MEC Perth B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Perth B.V.; MEC Perth B.V.owns 99% of KPP, the foreign utility company. MECI also directly owns 100% of Loy Yang Holdings Pty Ltd, which owns 100% of Edison Mission Energy Holdings Pty Ltd, which owns 100% of Mission Energy (Kwinana) Pty Ltd, which owns the remaining 1% of KPP, the foreign utility company. (c) The Shareholder and Equity Subscription Agreement provided for an equity contribution from MEC Perth B.V. to be made upon conversion from a construction loan to a term loan which was 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 = $8,494,566 Net income after taxes for 1999 = $5,704,006 (e) An indirect, wholly owned subsidiary of MECI, Edison Mission Operation (Kwinana) Pty Ltd ("EMOK"), operates the facility pursuant to an operation and maintenance agreement. EMOK received $355,176 in compensation as operator in 1999. 4.13 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; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI, through wholly owned subsidiaries of Edison Mission Energy, collectively owns 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 45 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. 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) Edison Mission Energy,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 Edison Mission Energy and the Bank Group entitled "MEC Undertaking," Edison Mission Energy is obligated (i) to support all performance obligations of EME Management Australia Pty Ltd ("MEMA") (the operator under the Operations & Maintenance Agreement ("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 = $363,356,338 (d) LPP's and Gippsland's Equity = $120,756,453 LPP's & Gippsland's Net Income after taxes for 1999 = $22,551,162 (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. 4.14 P. T. PAITON ENERGY [FUCO] (a) P. T. Paiton Energy ("Paiton") Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11 Jakarta 10220 Indonesia 46 Paiton's facilities consist of two coal-fired electric generating units in Paiton, Indonesia, on the northeast Java coast, both of which have achieved commercial operation during 1999. Each unit has a nominal net design capacity of 605MW and is comprised of a boiler and steam turbine generator with ancillary facilities. The two units share a control room. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI 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, the foreign utility 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 Mission Energy and its wholly owned affiliates, MEC Indonesia B.V., MEC International B.V., and MEC International Holdings B.V. ("Mission Affiliates") have undertaken the following obligations: Equity Support Guarantee. Edison Mission Energy and the Mission Affiliates have guaranteed payment of 47.06% of Paiton's obligations to contribute base equity, overrun equity and contingent overrun equity to the Paiton Project. Edison Mission Energy and the Mission Affiliates' obligations are $320,008,000 (as of December 31, 1999 these obligations have been fully funded), for base equity, $82,355,000 for overrun equity (as of December 31, 1999, $30,244,402 of this obligation has been funded) and $58,825,000 for contingent overrun equity. The total Edison Mission Energy/Mission Affiliates' commitment is $461,200,000. (a) Overrun Equity. Overrun Equity in the amount of $82,355,000 (Edison Mission Energy/Mission Affiliates' portion) is for costs incurred by the Paiton Project that were not included in the project budget and not otherwise covered by third parties such as insurers or the construction contractor. (b) Contingent Overrun Equity. Contingent Overrun Equity in the amount of $58,825,000 (Edison Mission Energy/Mission Affiliates' portion) will be utilized on the same basis as Overrun Equity once the Overrun Equity has been fully utilized. (c) BHP Loans. Edison Mission Energy has agreed to lend 47.06% of the equity required to be contributed by P.T. Batu Hitam Perkasa, an Indonesian limited liability company, and 15% shareholder in Paiton (the "BHP Loans"). The BHP Loans are to be repaid out of Paiton dividends, carry an interest rate of Libor plus 2.25%, a term of 20 years and are anticipated to be repaid, based on current economics, in approximately 17 years. The BHP Loan obligation is included in Edison Mission Energy's Equity Support Agreement commitment and accounts for $21,459,360 of that obligation. This obligation has been fully funded. (d) Capitalization or total equity = $127,973,169 Net income after taxes for 1999 = $5,263,880 (e) (1) Edison Mission Energy Asia Pte. Ltd., the wholly owned Singapore corporation of MEC International B.V., has 47 entered into an Operation and Maintenance Agreement with Paiton 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 $360,064 net income after taxes in 1999. (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 $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 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 & 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 $8 million payable in arrears in accordance with a schedule attached to the Owner Representative Agreement. Europe, Central Asia, Middle East & Africa 4.15 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; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 100% of Mission Energy Company (UK) Limited which owns 33% of Derwent Cogeneration Limited, the foreign utility company. (c) Total capital contribution = $2,690,825 (d) Capitalization or total equity = $4,809,499 Net Income after taxes for 1999 = $2,888,883 (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 fee of $781,531 per year for operation and maintenance services as well as reimbursement from Derwent for expenditures incurred for operation and maintenance services. 48 4.16 FIRST HYDRO COMPANY [FUCO] (a) First Hydro Company ("FHC") Bala House, St. David's Park, Ewloe, Clwyd, Wales CH5 3XJ The principal assets of FHC 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 100% of EME Generation Holdings, Ltd., which in turn owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 1% of First Hydro; (ii) wholly owned Mission Energy Holdings International, Inc. ("MEHInt'l") indirectly owns .01% of MEC International B.V. ("MECI") through its wholly owned subsidiary EME UK International LLC (which owns 100% of the Class B Shares of MECI); MEHInt'l directly owns the remaining 99.99% of MECI; MECI 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 1% of FHC; 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 in turn owns 100% of EME Generation Holdings, Ltd., which owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 100% of FHC. (c) First Hydro Finance plc ("FHF"), indirect subsidiary of Edison Mission Energy, purchased all of the outstanding shares of FHC for $1.0 billion plus $45.7 million as consideration for the working capital of FHC 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. FHF obtained the financing for First Hydro Holdings Company, a wholly owned indirect subsidiary of Edison Mission Energy. To support the financing for FHF, Edison Mission Energy has issued a letter of credit from its $400 million corporate revolving credit. Revenue Support Letter of Credit - The Letter of Credit was issued by Bank of America in the amount of 12 million Italian Lira (U.S. $19.4 million @ 1.62 GBP/U.S.$) in favor of FHF and assigned to Prudential Trustee Company Limited as security trustee. The Revenue Support Letter of Credit must be opened for the initial five years of financing with a bank having a short-term rating of at least A-1/P-1. The Revenue Support Letter of Credit may be drawn down to make up any shortfalls in interest payments owing and to cure any default arising from interest coverage ratios dropping below 1.05 to 1.0 for the applicable reference periods. The Revenue Support Letter of Credit Obligation expires in December 2001. (d) Capitalization or total equity = $423,116,979 Net income after taxes for 1999 = $108,774,233 (e) There are no contracts between FHC and any system company. 49 4.17 EDISON FIRST POWER LIMITED [FUCO] (a) Edison First Power Limited, a Guernsey LLC ("EFPL") Lansdowne House, Berkeley Square, London W1X 5DH England EFPL acquired Ferrybridge, a coal-fired electric generating plant with a generating capacity of approximately 2,000 MW located in West Yorkshire ("Ferrybridge") and Fiddler's Ferry, a coal fired electric generating plant with a generating capacity of approximately 2,000 MW located in Warrington ("Fiddler's Ferry"). (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100 of Mission Energy Holdings International Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares)of MEC International B.V.("MECI")and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 100% of Global Generation B.V., which owns 100% of Edison First Power Holdings I, which owns 100% Maplekey Holdings Limited, which owns 100% of Maplekey UK Finance Limited, which owns 100% of Maplekey UK Limited, which in turn owns 100% of EFPL, the foreign utility company. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Global Generation, B.V., in the amount of $870,531,503. Guarantees: On April 30, 1999, Edison First Power Limited ("EFPL"), a wholly owned subsidiary of Edison Mission Energy, executed two Sale and Lease Agreements with PowerGen UK plc, an English corporation ("PowerGen") for the acquisition of each of Ferrybridge, a coal-fired electric generating plant with a generating capacity of approximately 2,000 MW located in West Yorkshire ("Ferrybridge") and Fiddler's Ferry, a coal-fired electric generating plant with a generating capacity of approximately 2,000 MW located in Warrington ("Fiddler's Ferry"). The acquisition and financing of Ferrybridge and Fiddler's Ferry were completed on July 19, 1999, for approximately $2 billion. The following is a listing of the various obligations undertaken by Edison Mission Energy with respect to the acquisition and financing of Ferrybridge and Fiddler's Ferry: Purchase Price Adjustment Guarantee - Edison Mission Energy has guaranteed to PowerGen the payment of $16,879,000 for each of Ferrybridge and Fiddler's Ferry as an adjustment to the purchase price in the event that the Environmental Authority of Her Majesty's Government in the United Kingdom (the "Environmental Authority") allows for an increase in the emissions from Ferrybridge and Fiddler's Ferry. It is expected that the Environmental Authority will issue its determination regarding emissions in September or October 1999. In the event the Environmental Authority determines that it will not allow for an increase in emissions, this obligation will cease and EME will have no further obligation hereunder. Coal and Capex Facility Guarantee - Edison Mission Energy has guaranteed to Barclays Bank PLC the obligations of EME Finance UK Limited ("EME Finance"), a wholly-owned subsidiary of Edison Mission Energy, under that certain Coal and Capex Facility Agreement (the "Facility Agreement") dated as of July 19, 1999, and entered into in connection with the financing of Ferrybridge and Fiddler's Ferry, pursuant to which Barclays Bank PLC issued at the request of EME Finance two letters of credit: 50 Capex Letter of Credit - A five-year letter of credit in the amount of $142,038,217 was posted to meet the obligations of EFPL in relation to capital costs associated with construction costs arising from proposed modifications to Ferrybridge and Fiddler's Ferry and may be drawn upon where funds in the revenue account of EFPL are insufficient to pay such costs; and Coal Letter of Credit - A fifty-four (54) month letter of credit in the amount of $86,764,331 was posted to meet the obligations of EFPL under certain coal supply agreements and may be drawn upon to fund amounts which become due and payable from time to time under such agreements. Debt Service Reserve Letter of Credit - Edison Mission Energy caused to be posted by Bank of America a Letter of Credit denominated in Pounds Sterling equal to $85,395,600 under Edison Mission Energy's corporate revolving line of credit with Bank of America, to serve as a debt service reserve account which may be drawn upon by the trustee for the bondholders in the event EFPL fails to make debt service payments under the Guaranteed Secured Variable Rate Bonds due 2019 (the "Bonds"). The Bonds are non-recourse to Edison Mission Energy. (d) Capitalization or total equity = $914,715,404 Net income after taxes for 1999 = $21,239,591 (e) EFPL and Edison Mission Marketing Services Limited ("EMMS") have entered into an Agency Agreement (the "Agreement") wherein EMMS shall provide Agency Services (as defined in Schedule 1 to the Agreement) to EFPL. As of December 31, 1999, EFPL has paid EMMS $841,812 for services provided to Edison First Power Limited under the Agreement. EFPL and EMMS have entered into a Services Agreement (the "Agreement") wherein EMMS provides certain office functions and management expertise (as outlined in Schedule 1 of the Agreement) to EFPL. As of December 31, 1999, EFPL has paid EMMS $1,144 for services provided to EFPL under the Agreement. 4.18 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 48.55 MW: Quintana: 1.48MW facility in Herrera de Valdecana, Palencia La Flecha: 2.66MW facility in Arroyo Encomienda, Valladolid Toro: 4.50MW facility in Toro, Zamora Tudela: 1.48MW facility in Tudela de Duero, Valladolid Sardon Bajo: 1.60MW facility in Villabanez, Valladolid Bocos: 1.60MW facility in Bocos de Duero, Valladolid Monasterio:1.60MW facility in Quintanilla de Arriba, Valladolid Logrono: 3.68MW facility in Logrono, La Rioja Mendavia: 5.60MW facility in Mendavia, Navarra La Ribera: 4.40MW facility in Pradejon, La Rioja Gelsa: 7.20MW facility in Gelsa, Zaragoza Alos: 4.80MW facility in Alos de Balaguer, Lerida Castellas: 2.25MW facility in Valls de Aguilar, Lerida Sossis: 3.3MW facility in Pyrenees (Lerida) Olvera: 2.4MW facility in south of Spain (Jaen) (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of 51 MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 10% of Hydro Energy B.V. and indirectly through its wholly owned subsidiary Iberian Hy-Power Amsterdam B.V. owns the remaining 90% of Hydro Energy B.V.; Hydro Energy B.V. owns 96.65% of Iberica de Energias, the foreign utility company, and Iberian Hy-Power Amsterdam B.V. owns the remaining 3.35%. (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 Vivendi (formerly Compagne Generale des Eaux). 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, Vivendi provided to Iberica and Mediterranea a 10-year limited revenue guaranty, which allowed Iberica and Mediterranea to secure non-recourse project financing. Consideration to Vivendifor the acquisition of Iberica and Mediterranea included the assumption by Hydro Energy B.V. of an existing loan with deferred payments to Vivendi 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 Vivendi under any circumstances. At December 31, 1999, the present value of the deferred payments will amount to $22.2 million ($34.1 million face value discounted at 11.5%). (d) Capitalization or total equity =$23,814,148 Net Income after taxes for 1999 = $3,560,943 (e) There are no contracts between Iberica and any system company. 4.19 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 13 MW, respectively. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 10% of Hydro Energy B.V. and indirectly through its wholly owned subsidiary Iberian Hy-Power Amsterdam B.V. owns the remaining 90% of Hydro Energy B.V.; Hydro Energy B.V. owns 96.65% of Iberica de Energias and Iberian Hy-Power Amsterdam B.V. owns the remaining 3.35%; 52 Iberica de Energias owns 91.32% of EMESA, the foreign utility company. (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 1999 = $2,019,736 (e) There are no contracts between EMESA and any system company. 4.20 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; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI.MECI owns 1% of Pride Hold Limited and 100% of Mission Energy Company (UK) Limited; Mission Energy Company (UK) Limited owns 99% of Pride Hold Limited. Pride Hold Limited owns 100% of Lakeland Power Ltd., the foreign utility company. (c) The capital contribution made by MECI and by MEC(UK) through Pride Hold Limited was $6,021,299. (d) Capitalization or total equity =$1,554,932. Net income after taxes for 1999 = $14,212,162. (e) There are no contracts between Lakeland and any system company. Projects Under Construction Americas 4.21 ECOELECTRICA L.P. [FUCO] (a) EcoElectrica L.P., a Bermuda limited partnership ("EcoElectrica") Plaza Scotiabank, Suite 902, Avenida Ponce de Leon 273 Hato Rey, Puerto Rico EcoElectrica will own and operate a liquefied natural gas marine unloading facility, two 1,000,000-barrel LNG storage tank, LNG vaporization equipment, an approximately 461 MW cogeneration power plant facility with two natural gas turbines and one steam turbine, and a desalination plant, located in Penuelas, Puerto Rico. EcoElectrica also will own and operate: a 2.3 mile, 230 kV transmission line connecting the power plant substation to an existing Puerto Rico Electric Power Authority ("PREPA") substation, a 1.2 mile, 24 inch diameter natural gas accumulator pipeline; a 3.5 mile, 10 inch diameter pipeline to supply liquefied petroleum gas ("LPG") to the facility, and a 1.1 mile, 6 to 8 inch diameter pipeline connecting the natural gas accumulator and PREPA's Costa Sur Power Plant. 53 (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 100% of EcoElectrica S.a.r.l; EcoElectrica S.a.r.l. owns 100% of EME del Caribe Holding GmbH ("Caribe"); EcoElectrica Holdings, Ltd., which owns 100% of EcoElectrica Ltd. Caribe owns 50% of and 99%LP of EcoElectrica; EcoElectrica Ltd. owns 1%GP of EcoElectrica. (c) Capital contributions were made by Edison Mission Energy through its subsidiary EcoElectrica s.a.r.l. in the amount of $249,164,185. On December 23, 1998, a wholly-owned subsidiary of Edison Mission Energy, EME del Caribe, acquired a fifty-percent (50%) interest in EcoElectrica, L.P. which owns a 540 MW gas-fired cogeneration facility and a desalination plant and assorted facilities under construction in Penuelas, Puerto Rico ("EcoElectrica"). The following is a listing of the various obligations of Edison Mission Energy with respect to EcoElectrica: Equity Support Guarantee - Edison Mission Energy was obligated to guarantee certain equity funding obligations of EcoElectrica, Ltd. and EcoElectrica Holdings, Ltd., both Cayman Island companies and partners in EcoElectrica, L.P. (collectively, the "Affiliate Companies"). The funding obligations are set forth in the Equity Funding Agreement dated as of October 31, 1997 among the Affiliate Companies, EcoElectrica, L.P., the project partnership, and the project's lenders. Accordingly, Edison Mission Energy executed an Equity Support Guarantee dated December 23, 1998 under which it has guaranteed obligations of the Affiliate Companies under the Equity Funding Agreement, including the funding of one-half (approximately $33.5 million) of the required project equity contribution. The proceeds of the equity contribution are expected to be used to repay the construction loan. Fuel Supply Interruption Reserve Guarantee - To ensure the availability of funds to purchase fuel in the event of an emergency or unforeseen circumstances, such as drastically higher fuel costs, EcoElectrica is required to fund from project cash flow a Fuel Supply Interruption Reserve Requirement ("FSIRR") into a Fuel Supply Interruption Reserve Sub-Account ("Fuel Reserve Sub-Account"). The FSIRR increases in amount until quarter 54 (13.5 years after the commercial operation date) and then decreases, in accordance with Schedule IX to the Credit Agreement. Edison Mission Energy has elected to provide a Fuel Supply Interruption Reserve Guarantee in order that it may withdraw its share of funds from the Fuel Reserve Sub-Account. During each quarter that the FSIRR increases under Schedule IX, the funds deposited into the Fuel Reserve Sub-Account to meet the FSIRR can be withdrawn by Edison Mission Energy upon Edison Mission Energy providing an increase in the Guarantee equal to the amount withdrawn. Edison Mission Energy has executed a Master Guarantee Support Instrument dated December 23, 1998, by and among Edison Mission Energy, ABN Amro Bank N.V., as Administrative Agent, the Chase Manhattan Bank, as Collateral Agent, and the Chase Manhattan Bank, as Depository Agent. As Edison Mission 54 Energy withdraws funds from the Fuel Reserve Sub-Account, it will execute a Master Guarantee Supplement which will indicate the amount withdrawn and supplement earlier amounts withdrawn and guaranteed by Edison Mission Energy. Based on the project pro-forma at quarter 54, Edison Mission Energy will have withdrawn $9,071,500 from the Fuel Reserve Sub-Account and will have in place a Guarantee in the same amount. The Guarantee will be incrementally released as the amount of the FSIRR decreases after quarter 54 under Schedule IX. UCCI Guarantee - EcoElectrica L.P. entered into an Option to Purchase Agreement with Union Carbide Caribe Inc. ("UCCI") under which EcoElectrica agreed to indemnify UCCI with respect to certain post-closing activities (property damage or personal injury) and environmental contamination on the plant site. This indemnity obligation was guaranteed by Enron Power Corp. and Kenetech Energy Systems Inc., ("KES") pursuant to a Guaranty dated November 25, 1997 (the "UCCI Guaranty"). Edison Mission Energy was required to execute a Guarantee Assumption Agreement under which Edison Mission Energy agreed to assume all of the obligations of KES under the UCCI Guaranty. Although the indemnity obligation and thus Edison Mission Energy's potential exposure under the UCCI Guaranty is unlimited, the maximum potential pollution risk exposure is believed by environmental experts to be in the $6 million to $7 million range. EcoElectrica is managing this risk through a $70 million EcoElectrica environmental insurance policy from AIG. (d) Capitalization or total equity = $145,026 Net income after taxes for 1999 = $0 (e) Assignment and Assumption Agreement: On October 31, 1997, KES Bermuda, Inc. and EcoElectrica, L.P. entered into that certain Administrative Services Agreement pursuant to which KES receives a fee, plus expense reimbursement in return for providing advisory services to EcoElectrica. As of December 23, 1998, KES assigned its rights, title and interests under said agreement to EME del Caribe. As of December 31, 1999, Caribe has received $307,223 for providing services to EcoElectrica. Asia Pacific 4.22 TRI ENERGY COMPANY LIMITED [FUCO] (a) Tri Energy Company Limited 16th Floor, Grand Amarin Tower, New Petchburi Road Ratchathewi, Bangkok 10320 Thailand Tri Energy's facilities consist of a 700MW gas turbine combined cycle facility located in Ratchaburi Province, West of Bangkok, Thailand, and interconnection equipment necessary to connect the facility with the company's wholesale purchaser, the Electricity Generating Authority of Thailand. Tri Energy is scheduled to become operational by Third Quarter 2000. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary 55 EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI owns 100% of EME Tri Gen B.V., which owns 25% of Tri Energy Company Limited, the foreign utility company. (c) Capital contributions were made by Edison Mission Energy through its subsidiary EME Tri Gen B.V. in the amount of $1,501,574. (d) Capitalization or total equity = $686,184 Net income after taxes for 1999 = $0 (e) EME Asia Pacific Pte.Ltd.("EME Asia") & Tri Energy Company Limited ("TECO") have entered into an Onshore Service Agreement and an Offshore Service Agreement. Under the Onshore Service agreement, EME Asia is to provide managerial, professional and technical services within Thailand to TECO for a fixed annual fee of $12,000,000 Baht. Under the Offshore Service agreement, EME Asia is to provide managerial, professional and technical services outside of Thailand on an hourly fee basis. As of December 31, 1999, EME Asia has not received payment under either agreement. Europe, Central Asia, Middle East & Africa 4.23 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. ISAB is scheduled to become operational by March 15, 2000. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy; Edison Mission Energy owns 100% of Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. MECI 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., the foreign utility company. (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 $66,380,204. 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, Edison Mission Energy'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 56 or base fee paid in any given year (anywhere from $3-5 million per year). Deosphalter O&M (capped at base or mobilization fee - less than $1 million per year). (d) Capitalization or total equity = $66,380,204 Net income after taxes for 1999 = $0 (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 $0 for 1999. 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 $509,132 as of December 31, 1999. 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 1999, EMEL has received $194,474 under this Sponsor Support Agreement. 57 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 29th day of February, 2000. 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) 58 SCHEDULE I SOUTHERN CALIFORNIA EDISON COMPANY ELECTRIC GENERATING PROPERTIES
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- MAIN SYSTEM - SCE OWNED COAL: Four Corners San Juan, NM 4 07/01/1969 818,100 Owned by Others - 52% (425,412) ---------------- Owned by SCE - 48% 392,688 5 07/01/1970 818,100 Owned by Others - 52% (425,412) ---------------- Owned by SCE - 48% 392,688 TOTAL SCE 785,376 ================ Mohave Clark, NV 1 04/01/1971 818,100 Owned by Others - 44% (359,964) ---------------- Owned by SCE - 56% 458,136 2 10/01/1971 818,100 Owned by Others - 52% (359,964) ---------------- Owned by SCE - 48% 458,136 TOTAL SCE 916,272 ================ TOTAL COAL 1,701,648 ================ NUCLEAR: San Onofre San Diego 1 01/01/1968 0 Owned by Others - 20% 0 ---------------- Owned by SCE - 80% 0 2 08/08/1983 1,127,000 Owned by Others - 24.95% (281,185) ---------------- Owned by SCE - 75.05% 845,815 3 04/01/1984 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 02/01/1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------------- Owned by SCE - 15.8% 221,690 2 09/19/1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------------- Owned by SCE - 15.8% 221,690
59
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- 3 01/20/1988 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 11/08/1913 19,800 2 11/08/1913 15,750 3 07/12/1923 21,600 4 06/08/1925 28,000 ----------------- ---------------- TOTAL PLANT 85,150 Big Creek #2 Fresno 3 12/18/1913 15,750 4 01/11/1914 15,750 5 02/01/1921 17,500 6 03/31/1925 17,500 ----------------- ---------------- TOTAL PLANT 66,500 Big Creek #2A Fresno 1 08/06/1928 55,000 2 12/21/1928 55,000 ----------------- ---------------- TOTAL PLANT 110,000 Big Creek #3 Fresno & Madera 1 10/03/1923 34,000 2 09/30/1923 34,000 3 10/05/1923 34,000 4 04/28/1948 36,000 5 02/24/1980 36,450 ----------------- ---------------- TOTAL PLANT 174,450 Big Creek #4 Fresno & Madera 1 06/12/1951 50,000 2 07/02/1951 50,000 ----------------- ---------------- TOTAL PLANT 100,000 Big Creek #8 Fresno 1 08/16/1921 30,000 2 06/08/1929 45,000 ----------------- ---------------- TOTAL PLANT 75,000 Mammoth Pool Madera 1 03/28/1960 95,000 2 03/28/1960 95,000 ----------------- ---------------- TOTAL PLANT 190,000 Portal Fresno 1 12/22/1956 10,800
60
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- NORTHERN REGION HYDROELECTRIC PLANTS (continued) John S. Eastwood Fresno 1 12/01/1987 199,800 TOTAL NORTHERN REGION HYDRO PLANTS 1,011,700 ================ EASTERN REGION HYDROELECTRIC PLANTS: Fontana San Bernardino 1 12/22/1917 1,475 2 12/22/1917 1,475 ----------------- ---------------- TOTAL PLANT 2,950 Kaweah #1 Tulare 1 05/25/1929 2,250 Kaweah #2 Tulare 2 09/13/1929 1,800 Kaweah #3 Tulare 1 05/29/1913 2,400 2 05/29/1913 2,400 ----------------- ---------------- TOTAL PLANT 4,800 Kern River #1 Kern 1 05/19/1907 6,570 2 06/07/1907 6,570 3 07/29/1907 6,200 4 06/27/1907 6,570 ----------------- ---------------- TOTAL PLANT 25,910 Kern River #3 Kern 1 05/13/1921 20,500 2 03/22/1921 19,670 ----------------- ---------------- TOTAL PLANT 40,170 Kern River Borel Kern 1 12/31/1904 3,000 2 12/31/1904 3,000 3 01/23/1932 6,000 ----------------- ---------------- TOTAL PLANT 12,000 Lytle Creek San Bernardino 1 10/23/1904 250 2 09/15/1904 250 ----------------- ---------------- TOTAL PLANT 500 Ontario #1 Los Angeles 1 12/00/1902 200 2 12/00/1902 200 3 12/00/1902 200 ----------------- ---------------- TOTAL PLANT 600 Ontario #2 Los Angeles 1 06/13/1963 320 San Gorgonio #1 Riverside 1 12/05/1923 1,500 San Gorgonio #2 Riverside 1 12/17/1923 938 Santa Ana #1 San Bernardino 1 02/14/1899 800 2 02/10/1899 800 3 01/09/1899 800
6a
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- EASTERN REGION HYDROELECTRIC PLANTS (continued) 4 01/10/1899 800 ----------------- ---------------- TOTAL PLANT 3,200 Santa Ana #3 San Bernardino 1 11/16/1999 2,000 [Santa Ana #2 replaced by new Santa Ana #3 plant] Sierra Los Angeles 1 01/12/1922 240 2 02/16/1922 240 ----------------- ---------------- TOTAL PLANT 480 Tule River Tulare 1 09/14/1909 1,260 2 09/14/1909 1,260 ----------------- ---------------- TOTAL PLANT 2,520 Mill Creek #1 San Bernardino 1 09/07/1893 800 Mill Creek #2 San Bernardino 1 08/03/1904 250 Mill Creek #3 San Bernardino 3 03/20/1903 1,000 4 01/23/1904 1,000 5 03/03/1904 1,000 ----------------- ---------------- TOTAL PLANT 3,000 Bishop Creek #2 Inyo 1 11/00/1908 2,500 2 11/00/1908 2,500 3 06/00/1911 2,320 ----------------- ---------------- TOTAL PLANT 7,320 Bishop Creek #3 Inyo 1 06/12/1913 2,750 2 06/12/1913 2,340 3 06/12/1913 2,500 ----------------- ---------------- TOTAL PLANT 7,590 Bishop Creek #4 Inyo 1 09/20/1905 1,000 2 09/20/1905 1,000 3 00/00/1906 1,985 4 10/01/1907 1,985 5 00/00/1909 1,985 ----------------- ---------------- TOTAL PLANT 7,955 Bishop Creek #5 Inyo 1 05/30/1943 2,000 2 06/01/1919 2,532 ----------------- ---------------- TOTAL PLANT 4,532 Bishop Creek #6 Inyo 1 03/12/1913 1,600 Lundy Mono 1 12/09/1911 1,500 2 02/02/1912 1,500 ----------------- ---------------- TOTAL PLANT 3,000 Poole Mono 1 00/00/1924 11,250
6b
Generator Location Unit Date of Nameplate Name of Plant County No. Operation Rating kW - --------------------------------------------- --------------------- -------- ----------------- ---------------- Rush Creek Mono 1 10/17/1916 4,400 2 12/11/1917 4,000 ----------------- ---------------- TOTAL PLANT 8,400 TOTAL EASTERN REGION HYDRO PLANTS 157,635 ================ TOTAL HYDRO PLANTS 1,169,335 ================ TOTAL SCE OWNED RESOURCES (MAIN SYSTEM) 5,227,683 ================ ISOLATED SYSTEMS: Pebbly Beach (Diesel) Los Angeles 7 07/03/1958 1,000 (Catalina) 8 06/26/1963 1,500 10 07/25/1966 1,125 12 06/18/1976 1,550 14 10/24/1986 1,400 15 12/31/1995 2,800 ----------------- ---------------- TOTAL PLANT 9,375 Catalina Hydro Los Angeles 1 05/05/1983 30 2 07/24/1985 22 3 07/24/1985 57 ----------------- ---------------- TOTAL PLANT 109 TOTAL SCE OWNED RESOURCES: 9,484 ================ TOTAL ISOLATED SYSTEMS RESOURCES 9,484 ================
6c Attached hereto as Exhibit A are the following financial statements dated as of December 31, 1999, or for the year then ended: PAGES Consolidating Balance Sheet and Consolidating Statements of Income and Retained Earnings, unless otherwise noted: - -------------------------------Part 2------------------------------ Edison International and Subsidiaries 61-72 Southern California Edison Company and Subsidiaries 73-84 Southern California Edison Company and Subsidiaries Equity Investments 85 Edison Ventures and Subsidiaries 86-91 The Mission Group and Subsidiaries 92-103 Edison Technology Solutions and Subsidiaries 104-109 Edison Technology Solutions and Subsidiaries Equity Investments 110 Edison Enterprises and Subsidiaries 111-116 Edison Source and Subsidiaries 117-122 Edison Select and Subsidiaries 122-131 - -------------------------------Part 3------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (ASSETS) 132-163 - -------------------------------Part 4------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (LIABILITIES) 164-195 - -------------------------------Part 5------------------------------ Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings 196-227 - -------------------------------Part 6a----------------------------- Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships (A-L) 228-291 - -------------------------------Part 6b----------------------------- Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships (M-Z) 292-364 - -------------------------------Part 7------------------------------ Mission Land Company and Subsidiaries 365-379 Mission Power Engineering Company and Subsidiaries 380-385 - -------------------------------Part 8------------------------------ Edison Mission Energy and Subsidiaries Consolidating Balance Sheet 386-449 - -------------------------------Part 9------------------------------ Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings 450-481 Edison Mission Energy and Subsidiaries Equity Investments 482-495 Edison Mission Energy Fuel and Subsidiaries 496-504 Edison Mission Global Management, Inc. and Subsidiaries 505-510 Edison Mission Holdings Co. and Subsidiaries 511-519 Hanover Energy Company and Subsidiaries 520-525 Midwest Generation EME, LLC and Subsidiaries 526-534 6d PAGES - -------------------------------Part 10------------------------------ MEC International B.V. and Subsidiaries 535-579 MECI, Edison Mission Energy Asia Pte Ltd and Subsidiaries 580-588 MECI, Edison Mission Operation & Maintenance Services B.V. and Subsidiaries 589-594 MECI, Global Generation B.V. and Subsidiaries 595-600 MECI, GGBV, Edison First Power Holdings I and Subsidiaries 601-609 MECI, GGBV, EFPHI, Maplekey Holdings Limited and Subsidiaries 610-615 MECI, GGBV, EFPHI, South Australia Holdings Ltd. and Subsidiaries 616-621 MECI, GGBV, EFPHI, SAHL, EME Monet Ltd. and Subsidiaries 622-627 - -------------------------------Part 11------------------------------ MECI, Hydro Energy B.V. and Subsidiaries 628-633 MECI, Iberian Hy-Power Amsterdam B.V. and Subsidiaries 634-642 MECI, Iberian, Hydro Energy B.V. and Subsidiaries 643-648 MECI, Iberian, Iberica de Energias, S.A. and Subsidiaries 649-654 MECI, Latrobe Power Pty Ltd and Subsidiaries 655-660 MECI, Loy Yang Holdings Pty Ltd and Subsidiaries 661-669 MECI, Loy Yang, Edison Mission Energy Holdings Pty Ltd and Subsidiaries 670-681 MECI, Loy Yang, Latrobe Power Pty Ltd and Subsidiaries 682-687 MECI, Loy Yang, Mission Energy Ventures Australia Pty Ltd and Subsidiaries 688-693 MECI, Loy Yang, Traralgon Power Pty. Ltd. and Subsidiaries 694-699 MECI, MEC Esenyurt B.V. and Subsidiaries 700-705 - -------------------------------Part 12------------------------------ MECI, MEC International Holdings B.V. and Subsidiaries 706-732 MECI, MECI Holdings, MEC San Pascual B.V. and Subsidiaries 733-738 MECI, MECI Holdings, MEC Wales B.V. and Subsidiaries 739-744 MECI, MECI Holdings, MEC Wales, Mission Hydro Limited Partnership and Subsidiaries 745-750 MECI, MECI Holdings, MEC Wales, MHLP, EME Generation Holdings Limited and Subsidiaries 751-768 - -------------------------------Part 13------------------------------ MECI, MEC San Pascual B.V. and Subsidiaries 769-774 MECI, MEC Wales B.V. and Subsidiaries 775-780 MECI, MEC Wales, Mission Hydro Limited Partnership and Subsidiaries 781-786 MECI, MEC Wales, MHLP, EME Generation Holdings Limited and Subsidiaries 787-804 - -------------------------------Part 14------------------------------ MECI, Mission Energy Company (U.K.) Limited and Subsidiaries 805-816 MECI, MEC(UK), Mission Hydro (UK) Limited and Subsidiaries 817-822 MECI, MEC(UK), MH(UK), First Hydro Holdings Co. and Subsidiaries 823-828 MECI, MEC(UK), MH(UK), Mission Hydro Limited Partnership and Subsidiaries 829-834 MECI, MEC(UK), MH(UK), MHLP, EME Generation Holdings Limited and Subsidiaries 835-852 MECI, MEC(UK), Pride Hold Limited and Subsidiaries 853-858 MECI, Pride Hold Limited and Subsidiaries 859-864 MECI, EcoElectrica S.a.r.l. and Subsidiaries 865-873 MECI, Traralgon Power Pty. Ltd. and Subsidiaries 874-879 MEC International B.V. and Subsidiaries Equity Investments 880-882 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $26,046 $475,026 - Receivables - net 1,013,661 512,559 - Fuel inventory 49,989 191,227 - Materials and supplies, at average cost 122,866 76,436 - Accumulated deferred income taxes - net 188,143 - $3 Regulatory balancing accounts - net - - - Prepayments and other current assets 111,151 39,596 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,511,856 1,294,844 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 103,644 12,248,287 - Nuclear decommissioning trusts 2,508,904 - - Investments in partnerships and unconsolidated subsidiaries - 2,504,691 - Investments in leveraged leases - 1,884,603 - Other investments 160,241 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,772,789 16,637,581 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution 12,439,059 - - Generation 1,717,676 - - Accumulated provision for depreciation and decommissioning (7,520,036) - - Construction work in progress 562,651 - - Nuclear fuel, at amortized cost 132,197 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant 7,331,547 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net 1,365,848 - - Income tax-related deferred charges 1,272,947 - - Regulatory balancing accounts - net 1,714,973 - - Unamortized debt issuance and reacquisition expense 335,044 - - Other deferred charges 1,352,302 910,078 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 6,041,114 910,078 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17,657,306 $18,842,503 $2,409 =============================================================== ==================== ==================== ====================
62 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $947 - $5,562 Receivables - net 55 $17 107,413 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 162 - 1,726 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,164 17 114,701 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 164 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 7,253,922 Investments in leveraged leases - - - Other investments 17,947 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 17,947 7,254,086 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - 4,762 Other deferred charges - - 127 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 4,889 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $19,111 $17 $7,373,676 =============================================================== ==================== ==================== ====================
63 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
EIX Trust I EIX Trust II EIX Trust III - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $3,383 $2,401 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 1,402 960 - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,785 3,361 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases 515,464 335,052 - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 515,464 335,052 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $520,249 $338,413 - =============================================================== ==================== ==================== ====================
64 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $507,581 - Receivables - net ($261,067) 1,378,422 - Fuel inventory - 241,216 - Materials and supplies, at average cost - 199,302 - Accumulated deferred income taxes - net - 190,508 - Regulatory balancing accounts - net - - - Prepayments and other current assets - 152,635 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (261,067) 2,669,664 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 12,352,095 - Nuclear decommissioning trusts - 2,508,904 - Investments in partnerships and unconsolidated subsidiaries (7,253,922) 2,504,691 - Investments in leveraged leases (850,516) 1,884,603 - Other investments - 180,594 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (8,104,438) 19,430,887 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - 12,439,059 - Generation - 1,717,676 - Accumulated provision for depreciation and decommissioning - (7,520,036) - Construction work in progress - 562,651 - Nuclear fuel, at amortized cost - 132,197 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - 7,331,547 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - 1,365,848 - Income tax-related deferred charges - 1,272,947 - Regulatory balancing accounts - net - 1,714,973 - Unamortized debt issuance and reacquisition expense - 339,806 - Other deferred charges (158,791) 2,103,716 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (158,791) 6,797,290 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($8,524,296) $36,229,388 - =============================================================== ==================== ==================== ====================
65 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $795,988 $1,276,629 Current portion of long-term debt 571,300 390,741 - Accounts payable 573,919 67,861 $16 Accrued taxes 500,709 15,566 - Accrued interest 82,554 92,899 - Dividends payable 94,407 659 - Regulatory balancing accounts-net 75,693 Deferred unbilled revenue and other current liabilities 1,440,387 486,030 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,134,957 2,330,385 16 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 5,136,681 7,663,399 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,938,661 2,812,568 - Accumulated deferred investment tax credits 205,197 19,439 - Customer advances and other deferred credits 823,992 - - Power purchase contracts 563,459 Other long-term liabilities 336,473 1,408,476 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 4,867,782 4,240,483 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 335 8,443 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption 128,755 118,054 - Subject to mandatory redemption 255,700 208,840 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 150,000 - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 384,455 476,894 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2,168,054 147,866 - Additional paid-in capital 335,038 3,384,848 2,406 Accumulated other comprehensive income: - Cumulative translation adjustments - net 10,448 - Unrealized gain in equity securities-net 21,551 - Retained earnings 608,453 579,737 (13) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,133,096 4,122,899 2,393 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $17,657,306 $18,842,503 $2,409 =============================================================== ==================== ==================== ====================
66 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $480,759 Current portion of long-term debt - - - Accounts payable - $53 121,139 Accrued taxes $3 - (109,508) Accrued interest - - 19,104 Dividends payable - - 93,746 Regulatory balancing accounts-net - - - Deferred unbilled revenue and other - - - current liabilities 526 - 2,645 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 529 53 607,885 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,595,072 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 6,576 - (981) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Power purchase contracts - - 1,599 Other long-term liabilities - - 998 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,576 - 1,616 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1 - 2,090,212 Additional paid-in capital 1,729 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net 9,641 - Retained earnings 635 (36) 3,078,891 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 12,006 (36) 5,169,103 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $19,111 $17 $7,373,676 =============================================================== ==================== ==================== ====================
67 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
EIX Trust I EIX Trust II EIX Trust III - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $18,105 $11,582 Accrued taxes - - - Accrued interest - - - Dividends payable 3,281 2,251 Regulatory balancing accounts-net - - - Deferred unbilled revenue and other - - - current liabilities - 1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 21,386 13,834 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures 483,700 314,538 Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 483,700 314,538 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 15,464 10,052 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (301) (11) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15,163 10,041 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $520,249 $338,413 =============================================================== ==================== ==================== ====================
68 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $2,553,376 - Current portion of long-term debt - 962,041 - Accounts payable ($167,328) 625,347 - Accrued taxes - 406,770 - Accrued interest (5,784) 188,773 - Dividends payable (93,746) 100,598 - Regulatory balancing accounts-net - 75,693 - Deferred unbilled revenue and other current liabilities - 1,929,589 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (266,858) 6,842,187 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (1,003,516) 13,391,636 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 5,756,824 - Accumulated deferred investment 224,636 tax credits - - - Customer advances and other deferred credits - 2,094,225 - Power purchase contracts - 563,459 - Other long-term liabilities - 477,313 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 9,116,457 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 8,778 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - 128,755 - Subject to mandatory redemption - 255,700 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 948,238 - Other preferred securities - 326,894 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 1,659,587 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (2,341,437) 2,090,212 - Additional paid-in capital (3,724,021) - Accumulated other comprehensive income: Cumulative translation adjustments - net - 10,448 - Unrealized gain in equity securities-net - 31,192 Retained earnings (1,188,464) 3,078,891 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (7,253,922) 5,210,743 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($8,524,296) $36,229,388 - =============================================================== ==================== ==================== ====================
69 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $7,521,891 - - Unregulated power generation - $1,642,568 - Financial services and other 109 504,582 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,522,000 2,147,150 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 225,388 449,137 - Purchased power - contracts 2,419,147 - - Purchased power - power exchange 759,818 - - Provisions for reg. adj. clauses - net (736,830) - - Other operation and maintenance 1,920,011 973,151 $6 Depreciation, decommissioning and amortization 1,546,312 247,605 - Property and other taxes 569,869 (128,083) 2 Net loss (gain) on sale of utility plant (3,035) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6,673,680 1,541,810 8 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 848,320 605,340 (8) Other utility operating income-net 364 - - Interest and dividend income 69,029 32,047 - Other nonoperating income (deductions)-net 63,374 (31,483) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 132,767 564 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 981,087 605,904 (8) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 392,894 345,517 - Other interest expense - net 79,962 83,144 - Capitalized interest (1,211) (27,471) - Dividends on preferred securities - 22,375 - Dividends on utility preferred stock 25,889 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 497,534 423,565 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (21) (2,951) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 483,532 179,388 (8) Retained earnings - beginning of year 793,625 400,944 (5) Dividends declared on common stock/other - (595) - Dividends declared on preferred stock (668,704) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $608,453 $579,737 ($13) =============================================================== ==================== ==================== ====================
70 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
ENvestSCE Catalina Edison Insurance Edison Drives EPTC Taxes Services, Inc. Electric - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $862 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 862 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - 360 $20 Depreciation, decommissioning and amortization - - Property and other taxes - 195 (6) Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 555 14 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 307 (14) Other utility operating income-net ($364) - 1 Interest and dividend income - - - Other nonoperating income (deductions)-net 364 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 307 (13) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 307 (13) Retained earnings - beginning of year - 327 (23) Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $635 ($36) =============================================================== ==================== ==================== ====================
71 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EIX Trust I EIX Trust II EIX Trust III - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - Property and other taxes $162 $100 - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 162 100 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (162) (100) - Other utility operating income-net - - - Interest and dividend income 17,590 4,962 - Other nonoperating income (deductions)-net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 17,590 4,962 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 17,428 4,862 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities 17,193 4,719 - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 17,193 4,719 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 235 143 Retained earnings - beginning of year - - - Dividends declared on common stock/other - - - Dividends declared on preferred stock (536) (154) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($301) ($11) - =============================================================== ==================== ==================== ====================
72 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Consolidating Edison International Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $7,521,891 Unregulated power generation - - 1,642,568 Financial services and other $61,262 ($61,210) 505,605 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 61,262 (61,210) 9,670,064 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 674,525 Purchased power - contracts - - 2,419,147 Purchased power - power exchange - - 759,818 Provisions for reg. adj. clauses - net - - (763,830) Other operation and maintenance 89,129 (61,215) 2,921,462 Depreciation, decommissioning and amortization 45 - 1,793,953 Property and other taxes (26,823) - 415,416 Net loss (gain) on sale of utility plant - - (3,035) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 62,351 (61,215) 8,217,456 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,089) - 1,452,608 Other utility operating income-net - - - Interest and dividend income 12,630 (40,624) 95,635 Other nonoperating income (deductions)-net (1,975) (21) 30,259 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 10,655 (40,645) 125,894 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 9,566 (43,631) 1,578,502 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 13,847 - 734,244 Other interest expense - net 36,274 (40,631) 176,763 Capitalized interest - - (28,682) Dividends on preferred securities - - 44,287 Dividends on utility preferred stock - - 25,889 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 50,121 (40,631) 952,501 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (2,972) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (40,555) - 623,030 Retained earnings - beginning of year 2,906,432 (1,194,868) 2,906,432 Dividends declared on common stock/other - - (375,351) Dividends declared on preferred stock - - (75,220) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3,078,891 ($1,188,464) $3,078,891 =============================================================== ==================== ==================== ====================
73 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
California Conservation Edison ESI Electric Power Financing Company Corporation (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $790 Receivables - net - - 4,149 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - 132 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 4,093 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 9,164 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 82 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 82 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - $151,000 1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 151,000 1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $151,000 $9,247 =============================================================== ==================== ==================== ====================
74 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Material Mono Power Company SCE Capital Company Supply LLC (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $852 - Receivables - net $158,454 - - Fuel inventory - - - Materials and supplies, at average cost 21,682 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 180,136 852 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $180,136 $852 - =============================================================== ==================== ==================== ====================
75 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,318 - $5 Receivables - net 5 $34 240 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,323 35 245 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 69 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments 35,946 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 35,946 - 69 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - 398 Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense (507) - - Other deferred charges 1,973,514 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,973,007 - 398 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,010,276 $35 $712 =============================================================== ==================== ==================== ====================
76 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $23,081 - $26,046 Receivables - net 1,170,618 ($319,839) 1,013,661 Fuel inventory 49,989 - 49,989 Materials and supplies, at average cost 101,184 - 122,866 Accumulated deferred income taxes - net 188,011 - 188,143 Regulatory balancing accounts - net (75,693) 75,693 - Prepayments and other current assets 107,057 - 111,151 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,564,247 (244,146) 1,511,856 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 103,493 - 103,644 Nuclear decommissioning trusts 2,508,904 - 2,508,904 Investments in partnerships and unconsolidated subsidiaries 165,876 (165,876) - Investments in leveraged leases - - - Other investments 124,295 - 160,241 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,902,568 (165,876) 2,772,789 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution 12,439,059 - 12,439,059 Generation 1,717,676 - 1,717,676 Accumulated provision for depreciation and decommissioning (7,520,036) - (7,520,036) Construction work in progress 562,651 - 562,651 Nuclear fuel, at amortized cost 132,197 - 132,197 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant 7,331,547 - 7,331,547 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net 1,365,848 - 1,365,848 Income tax-related deferred charges 1,272,549 - 1,272,947 Regulatory balancing accounts - net 1,714,973 - 1,714,973 Unamortized debt issuance and reacquisition expense 335,551 - 335,044 Other deferred charges 1,201,301 (1,973,514) 1,352,302 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,890,222 (1,973,514) 6,041,114 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17,688,584 ($2,383,536) $17,657,306 =============================================================== ==================== ==================== ====================
77 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
California Conservation Edison ESI Electric Power Financing Company (Inactive) Corporation - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $5,784 $2,349 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other - - - current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 5,784 2,349 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (52,717) 453 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 123,151 1,107 Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 70,434 1,560 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 335 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 20 - Additional paid-in capital 62,983 100 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - 11,444 5,238 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 74,447 5,338 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $151,000 $9,247 =============================================================== ==================== ==================== ====================
78 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Material Mono Power Company SCE Capital Company Supply LLC (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $129,258 $403 $2,088 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 1,608 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 130,866 403 2,088 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 1 - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 1 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 5 - 20 Additional paid-in capital 49,995 2,749 100 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (730) (2,301) (2,208) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 49,270 448 (2,088) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $180,136 $852 - =============================================================== ==================== ==================== ====================
79 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $246,300 - - Current portion of long-term debt 562 - - Accounts payable - $3 - Accrued taxes - 3 - Accrued interest 1,728 18 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 248,590 24 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,723,552 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - $396 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 396 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 46,296 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (8,162) 11 316 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 38,134 11 316 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,010,276 $35 $712 =============================================================== ==================== ==================== ====================
80 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $795,988 - $795,988 Current portion of long-term debt 325,000 - 571,300 Accounts payable 751,703 ($318,231) 573,919 Accrued taxes 500,706 - 500,709 Accrued interest 80,808 - 82,554 Dividends payable 94,407 - 94,407 Regulatory balancing accounts - net - - 75,693 Deferred unbilled revenue and other current liabilities 1,434,622 4,157 1,440,387 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,983,234 (238,381) 4,134,957 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 5,386,643 (1,973,514) 5,136,681 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,990,529 - 2,938,661 Accumulated deferred investment tax credits 205,197 - 205,197 Customer advances and other deferred credits 699,733 - 823,992 Other long-term liabilities 905,697 (5,765) 899,932 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 4,801,156 (5,765) 4,867,782 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 335 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption 128,755 - 128,755 Subject to mandatory redemption 255,700 - 255,700 Company-obligated mandatorily redeemable - - - securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 384,455 - 384,455 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2,168,054 (45) 2,168,054 Additional paid-in capital 335,038 (162,223) 335,038 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net 21,551 - 21,551 Retained earnings 608,453 (3,608) 608,453 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,133,096 (165,876) 3,133,096 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $17,688,584 ($2,383,536) $17,657,306 =============================================================== ==================== ==================== ====================
81 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
California Conservation Edison ESI Electric Power Financing Company (Inactive) Corporation - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $31,465 Unregulated power generation - - - Financial services and other - - 109 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 31,574 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $139 28,005 Depreciation, decommissioning and amortization - - 40 Property and other taxes - 3,612 1,408 Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 3,751 29,453 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (3,751) 2,121 Other utility operating income-net - - - Interest and dividend income - 8,658 25 Other nonoperating income (deductions)-net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 8,658 25 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 4,907 2,146 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - 214 177 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 214 177 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (21) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 4,672 1,969 Retained earnings - beginning of year - 6,772 3,269 Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $11,444 $5,238 =============================================================== ==================== ==================== ====================
82 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Material Mono Power Company SCE Capital Company Supply LLC (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $91,788 $700 - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 91,788 700 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 92,531 - $5 Depreciation, decommissioning and amortization - - - Property and other taxes - 307 3 Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 92,531 307 8 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (743) 393 (8) Other utility operating income-net 13 - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 13 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (730) 393 (8) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (730) 393 (8) Retained earnings - beginning of year - (2,694) (2,200) Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($730) ($2,301) ($2,208) =============================================================== ==================== ==================== ====================
83 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $134,258 $192 - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 134,258 192 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 5,430 181 $9 Depreciation, decommissioning and amortization - - - Property and other taxes - 3 (226) Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5,430 184 (217) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating Income 128,828 8 217 Other utility operating income-net - - - Interest and dividend income 3,412 - - Other nonoperating income (deductions)-net - - 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,412 - 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 132,240 8 220 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 135,565 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 135,565 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (3,325) 8 220 Retained earnings - beginning of year (4,837) 3 94 Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,162) $11 $316 =============================================================== ==================== ==================== ====================
84 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $7,489,533 ($226,046) $7,521,891 Unregulated power generation - - - Financial services and other - - 109 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,489,533 (226,046) 7,522,000 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 225,388 - 225,388 Purchased power - contracts 2,419,147 - 2,419,147 Purchased power - power exchange 759,818 - 759,818 Provisions for reg. adj. clauses - net (763,830) - (763,830) Other operation and maintenance 1,885,496 (91,785) 1,920,011 Depreciation, decommissioning and amortization 1,546,272 - 1,546,312 Property and other taxes 564,765 (2) 569,869 Net loss (gain) on sale of utility plant (3,036) (1) (3,035) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6,634,020 (91,787) 6,673,680 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating Income 855,513 (134,258) 848,320 Other utility operating income-net 364 - 364 Interest and dividend income 57,322 (380) 69,029 Other nonoperating income (deductions)-net 63,366 (16) 63,374 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 121,052 (396) 132,767 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 976,565 (134,654) 981,087 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 391,592 (134,263) 392,894 Other interest expense - net 79,962 (391) 79,962 Capitalized interest (1,211) - (1,211) Dividends on preferred securities - - - Dividends on utility preferred stock 25,889 - 25,889 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 496,232 (134,654) 497,534 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (21) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 480,333 - 483,532 Retained earnings - beginning of year 793,625 (407) 793,625 Dividends declared on common stock/other - - - Dividends declared on preferred stock (665,505) (3,199) (668,704) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $608,453 ($3,606) $608,453 =============================================================== ==================== ==================== ====================
85 Southern California Edison Company and Subsidiaries Equity Investments December 31, 1999 (In thousands)
Bear Creek Uranium Name of Entity: Company (inactive) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - Revenues - Net Income (Loss) - Nature/Purpose of Business: To develop and operate an inte-grated uranium mining complex in Wyoming. Ownership Interest(s): 50% by Mono Power Company
86 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net $3 - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments 2,406 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,409 - - =============================================================== ==================== ==================== ====================
87 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net $3 - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments 2,406 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,409 - - =============================================================== ==================== ==================== ====================
88 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable $16 - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 2,406 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (13) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,396 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,409 - - =============================================================== ==================== ==================== ====================
89 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable $16 - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 2,406 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (13) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,396 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,409 - - =============================================================== ==================== ==================== ====================
90 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization - - - Property and other taxes 2 - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Other utility operating income-net Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (8) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (8) Retained earnings - beginning of year (5) - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($13) - - =============================================================== ==================== ==================== ====================
91 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization - - - Property and other taxes 2 - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Other utility operating income-net Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (8) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (8) Retained earnings - beginning of year (5) - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($13) - - =============================================================== ==================== ==================== ====================
92 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
The Mission Group Edison O&M Services Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $194 - $7,472 Receivables - net 10,068 - 2,842 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,262 - 10,314 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,000 - - Investments in leveraged leases - - - Other investments 3,905,314 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,915,314 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 9,537 - 1,333 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,537 - 1,333 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,935,113 - $11,647 =============================================================== ==================== ==================== ====================
93 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1,042 $398,695 Receivables - net - 63,256 265,816 Fuel inventory - - 191,227 Materials and supplies, at average cost - 8,799 67,637 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1,639 33,984 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 74,736 957,359 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 41,883 12,122,334 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 1,940,876 Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 41,883 14,063,210 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 378,117 513,652 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 378,117 513,652 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $494,736 $15,534,221 =============================================================== ==================== ==================== ====================
94 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $54,754 $12,869 - Receivables - net 177,593 3,669 $12 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 3,964 9 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 236,311 16,547 12 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 6,140 77,930 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 555,418 - - Investments in leveraged leases 1,884,603 - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,446,161 77,930 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 29,984 17,271 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 29,984 17,271 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,712,456 $111,748 $12 =============================================================== ==================== ==================== ====================
95 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $475,026 - Receivables - net ($10,697) 512,559 - Fuel inventory - 191,227 - Materials and supplies, at average cost - 76,436 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 39,596 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (10,697) 1,294,844 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 12,248,287 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,603) 2,504,691 - Investments in leveraged leases - 1,884,603 - Other investments (3,905,314) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (3,906,917) 16,637,581 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (39,816) 910,078 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (39,816) 910,078 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($3,957,430) $18,842,503 - =============================================================== ==================== ==================== ====================
96 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
The Mission Group Edison O&M Services Edison Technology Solutions Consolidated - ------------------------------------------------------------- -------------------- -------------------- --------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- --------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $468 - $4,127 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 184 - 1,541 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total current liabilities 652 - 5,668 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Accumulated deferred income taxes - net - - 927 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 683 - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total deferred credits & other liabilities 683 - 927 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Common stock 147,866 - - Additional Paid-In Capital 3,384,848 - 9,946 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 401,064 - (4,894) - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total common shareholders' equity 3,933,778 - 5,052 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total liabilities and shareholders' equity $3,935,113 - $11,647 ============================================================= ==================== ==================== =====================
97 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $1,122,067 Current portion of long-term debt - - 225,679 Accounts payable - $10,005 57,740 Accrued taxes - 2,267 12,927 Accrued interest - - 89,272 Dividends payable - - 659 Deferred unbilled revenue and other current liabilities - 72,666 264,503 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 84,938 1,772,847 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 7,439,308 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 5,579 1,501,051 Accumulated deferred investment tax credits - - 19,439 Customer advances and other deferred credits - - - Other long-term liabilities - 14,610 1,248,169 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 20,189 2,768,659 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 8,036 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - 118,054 Subject to mandatory redemption - - 208,840 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - 150,000 Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - 476,894 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 64,130 Additional Paid in Capital - 529,377 2,629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net - - 10,507 Unrealized gain in equity securities-net - - - Retained earnings - (139,768) 364,434 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 389,609 3,068,477 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $494,736 $15,534,221 =============================================================== ==================== ==================== ====================
98 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $154,562 - - Current portion of long-term debt 285,659 - - Accounts payable 5,998 $220 - Accrued taxes - 372 - Accrued interest 3,477 - $150 Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 25,214 1,325 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 474,910 1,917 150 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 224,091 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,336,933 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 139,597 5,417 8,701 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,476,530 5,417 8,701 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 407 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 3,000 Additional Paid in Capital 80,597 102,581 - Accumulated other comprehensive income: Cumulative translation adjustments - net (59) - - Unrealized gain in equity securities-net - - Retained earnings 455,980 1,833 (11,839) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 536,518 104,414 (8,839) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,712,456 $111,748 $12 =============================================================== ==================== ==================== ====================
99 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $1,276,629 - Current portion of long-term debt - 511,338 - Accounts payable ($10,697) 67,861 - Accrued taxes - 15,566 - Accrued interest - 92,899 - Dividends payable - 659 - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 365,433 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (10,697) 2,330,385 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 7,663,399 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (31,922) 2,812,568 - Accumulated deferred investment tax credits - 19,439 - Customer advances and other deferred credits - - - Other long-term liabilities (8,701) 1,408,476 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (40,623) 4,240,483 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 8,443 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - 118,054 - Subject to mandatory redemption - 208,840 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 150,000 - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 476,894 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (67,130) 147,866 - Additional Paid in Capital (3,351,907) 3,384,848 Accumulated other comprehensive income: Cumulative translation adjustments - net - 10,448 - Unrealized gain in equity securities-net - - Retained earnings (487,073) 579,737 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (3,906,110) 4,122,899 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($3,957,430) $18,842,503 - =============================================================== ==================== ==================== ====================
100 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
The Mission Group Edison O&M Services Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - $6,955 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 6,955 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $350 - 11,629 Depreciation, decommissioning and amortization - - 90 Property and other taxes (134) - (1,492) Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 216 - 10,277 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (216) - (3,272) Other utility operating income-net - - - Interest and dividend income 7 - 241 Other nonoperating income (deductions)-net - - 684 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 7 - 925 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (209) - (2,347) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (209) (2,347) Retained earnings - beginning of year 209,325 - (2,546) Dividends declared on common stock/other 191,948 - (1) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $401,064 - ($4,894) =============================================================== ==================== ==================== ====================
101 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $1,630,451 Financial services and other - $204,678 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 204,678 1,630,451 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 449,137 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 292,458 571,675 Depreciation, decommissioning and amortization - 34,374 190,219 Property and other taxes - (50,652) (40,412) Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 276,180 1,170,619 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (71,502) 459,439 Other utility operating income-net - - - Interest and dividend income - - 27,911 Other nonoperating income (deductions)-net - - 21,410 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 49,321 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (71,502) 508,760 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 336,683 Other interest expense - net - 7,440 43,942 Capitalized interest - - (27,471) Dividends on preferred securities - - 22,375 Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 7,440 375,529 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (2,954) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (78,942) 130,277 Retained earnings - beginning of year - (60,650) 234,345 Dividends declared on common stock/other - (176) (188) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($139,768) $364,434 =============================================================== ==================== ==================== ====================
102 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $282,480 $10,469 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 282,480 10,469 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 91,126 7,743 $109 Depreciation, decommissioning and amortization 22,470 451 1 Property and other taxes (24,940) 2,066 125 Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 88,656 10,260 235 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 193,824 209 (235) Other utility operating income-net - - - Interest and dividend income 3,751 137 - Other nonoperating income (deductions)-net (27,616) - 1,004 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (23,865) 137 1,004 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 169,959 346 769 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 8,834 - - Other interest expense - net 31,762 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 40,596 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 3 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 129,366 346 769 Retained earnings - beginning of year 326,845 1,487 (12,608) Dividends declared on common stock/other (231) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $455,980 $1,833 ($11,839) =============================================================== ==================== ==================== ====================
103 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $12,117 $1,642,568 - Financial services and other - 504,582 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 12,117 2,147,150 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 449,137 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (1,939) 973,151 - Depreciation, decommissioning and amortization - 247,605 - Property and other taxes (12,644) (128,083) - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (14,583) 1,541,810 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 27,093 605,340 - Other utility operating income-net - - - Interest and dividend income - 32,047 - Other nonoperating income (deductions)-net (26,965) (31,483) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (26,965) 564 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (2,823) 605,904 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 345,517 - Other interest expense - net - 83,144 - Capitalized interest - (27,471) - Dividends on preferred securities - 22,375 - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 423,565 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (2,951) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 216 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 88 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 128 179,388 Retained earnings - beginning of year (295,254) 400,944 - Dividends declared on common stock/other (191,947) (595) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($487,073) $579,737 - =============================================================== ==================== ==================== ====================
104 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4,364 $3,108 - Receivables - net 2,193 825 ($176) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 6,557 3,933 (176) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 1,333 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,333 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,557 $5,266 ($176) =============================================================== ==================== ==================== ====================
105 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $7,472 - - Receivables - net 2,842 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,314 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 1,333 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,333 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,647 - - =============================================================== ==================== ==================== ====================
106 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes $3,112 $1,191 ($176) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 926 615 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,038 1,806 (176) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 927 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 927 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 6,000 3,946 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (4,408) (486) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,592 3,460 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $6,557 $5,266 ($176) =============================================================== ==================== ==================== ====================
107 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $4,127 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 1,541 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,668 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 927 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 927 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 9,946 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (4,894) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,052 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $11,647 - - =============================================================== ==================== ==================== ====================
108 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $4,084 $2,871 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 4,084 2,871 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 7,767 3,862 - Depreciation, decommissioning and amortization 32 58 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,799 3,920 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3,715) (1,049) - Other utility operating income-net - - Interest and dividend income 151 90 - Other nonoperating income (deductions)-net (47) 731 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 104 821 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3,611) (228) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3,611) (228) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,372) (120) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2,239) (108) Retained earnings - beginning of year (2,168) (378) - Dividends declared on common stock/other (1) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4,408) ($486) - =============================================================== ==================== ==================== ====================
109 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $6,955 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 6,955 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 11,629 - - Depreciation, decommissioning and amortization 90 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 11,719 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (4,764) - - Other utility operating income-net - Interest and dividend income 241 - - Other nonoperating income (deductions)-net 684 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 925 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3,839) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3,839) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,492) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2,347) Retained earnings - beginning of year (2,546) - - Dividends declared on common stock/other (1) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4,894) - - =============================================================== ==================== ==================== ====================
110 Edison Technology Solutions and Subsidiaries Equity Investments December 31, 1999 (In thousands)
Name of Entity: Facilichem, Inc. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets Revenues - Net Income (Loss) Nature/Purpose of Business: Research, development and commercialization of liquid membrane technologies Ownership Interest(s): 10% by Edison Technology Solutions with option to increase interest to 16.66%
111 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($1,455) ($2,398) Receivables - net $41,085 36,263 126,605 Fuel inventory - - - Materials and supplies, at average cost - 5,673 3,126 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 26 450 1,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 41,111 40,931 128,477 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 4,064 36,370 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (97,404) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (97,404) 4,064 36,370 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (257) 22,987 337,430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (257) 22,987 337,430 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($56,550) $67,982 $502,277 ============================================================= ==================== ==================== ====================
112 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Utility Consolidating Edison Enterprises Services Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1) $4,896 $1,042 Receivables - net 1,095 (141,792) 63,256 Fuel inventory - - - Materials and supplies, at average cost - - 8,799 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (55) 74 1,639 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,039 (136,822) 74,736 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,447 2 41,883 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 97,404 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,447 97,406 41,883 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 17,957 378,117 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 17,957 378,117 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,486 ($21,459) $494,736 ============================================================= ==================== ==================== ====================
113 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $16,990 $8,717 $121,003 Accrued taxes 147 802 1,316 Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 5,640 36,022 30,672 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 22,777 45,541 152,991 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (5,211) (12,331) 5,579 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 1,967 1,080 10,835 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (3,244) (11,251) 16,414 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional Paid-in Capital 63,549 86,698 373,970 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (139,632) (53,006) (41,098) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (76,083) 33,692 332,872 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($56,550) $67,982 $502,277 ============================================================= ==================== ==================== ====================
114 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Utility Consolidating Edison Enterprises Services Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $194 ($136,899) $10,005 Accrued taxes 2 - 2,267 Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 253 79 72,666 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 449 (136,820) 84,938 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (413) 17,955 5,579 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 728 - 14,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 315 17,955 20,189 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional Paid-in Capital 5,206 (46) 529,377 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (3,484) 97,452 (139,768) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,722 97,406 389,609 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,486 ($21,459) $494,736 ============================================================= ==================== ==================== ====================
115 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $88,493 $115,162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 88,493 115,162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $52,132 106,339 131,075 Depreciation, decommissioning and Amortization 4,343 4,604 24,710 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 56,475 110,943 155,785 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (56,475) (22,450) (40,623) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 1,832 3,407 1,991 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1,832 3,407 1,991 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (58,307) (25,857) (42,614) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (22,724) (10,093) (16,741) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (35,583) (15,764) (25,873) Retained earnings - beginning of year (60,650) (37,181) (15,225) Dividends declared on common stock/other (43,399) (61) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($139,632) ($53,006) ($41,098) ============================================================= ==================== ==================== ====================
116 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Utility Consolidating Edison Enterprises Services Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $1,023 - $204,678 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,023 - 204,678 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2,912 - 292,458 Depreciation, decommissioning and Amortization 717 - 34,374 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3,629 - 326,832 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (2,606) - (122,154) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 210 - 7,440 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 210 - 7,440 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (2,816) - (129,594) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,094) - (50,652) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,722) (78,942) Retained earnings - beginning of year (1,685) $54,091 (60,650) Dividends declared on common stock/other (77) 43,361 (176) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3,484) $97,452 ($139,768) ============================================================= ==================== ==================== ====================
117 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($4,932) ($2,523) $6,000 Receivables - net 35,521 6,742 (6,000) Fuel inventory - - - Materials and supplies, at average cost 3,594 2,079 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 410 40 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 34,593 6,338 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 2,832 1,232 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,832 1,232 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 23,183 (196) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 23,183 (196) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $60,608 $7,374 - ============================================================= ==================== ==================== ====================
118 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1,455) - - Receivables - net 36,263 - - Fuel inventory - - - Materials and supplies, at average cost 5,673 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 450 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 40,931 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 4,064 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,064 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 22,987 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 22,987 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $67,982 - - ============================================================= ==================== ==================== ====================
119 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $6,290 $9,786 ($7,359) Accrued taxes 802 - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 24,773 3,890 7,359 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 31,865 13,676 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (12,331) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 591 489 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (11,740) 489 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional Paid-in Capital 86,638 60 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (46,155) (6,851) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 40,483 (6,791) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $60,608 $7,374 - ============================================================= ==================== ==================== ====================
120 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $8,717 - - Accrued taxes 802 - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 36,022 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 45,541 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (12,331) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 1,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (11,251) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable Securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional Paid-in Capital 86,698 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (53,006) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 33,692 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $67,982 - - ============================================================= ==================== ==================== ====================
121 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Source G.H.V. Refrigera- Consolidating tion, Inc. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $69,454 $19,039 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 69,454 19,039 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 85,610 20,729 - Depreciation, decommissioning and Amortization 4,512 92 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 90,122 20,821 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (20,668) (1,782) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 3,413 (6) - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 3,413 (6) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (24,081) (1,776) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (10,095) 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (13,986) (1,778) Retained earnings - beginning of year (38,219) 1,038 - Dividends declared on common stock/other 6,050 (6,111) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($46,155) ($6,851) - ============================================================= ==================== ==================== ====================
122 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Source Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $88,493 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,493 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 106,339 - - Depreciation, decommissioning and Amortization 4,604 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 110,943 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (22,450) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 3,407 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 3,407 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (25,857) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (10,093) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (15,764) Retained earnings - beginning of year (37,181) - - Dividends declared on common stock/other (61) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($53,006) - - ============================================================= ==================== ==================== ====================
123 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($2,481) - $1,042 Receivables - net 105,224 - 19,426 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 17,902 - (13,630) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 120,645 - 6,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 19,691 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 278,212 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 297,903 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 622 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 622 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $419,170 - $6,838 ============================================================= ==================== ==================== ====================
124 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Security Valley Burglar & Consolidating Corp. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1,258) $299 - Receivables - net 2,522 10,590 ($11,157) Fuel inventory - - - Materials and supplies, at average cost 2,587 539 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (3,846) 718 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 12,146 (11,157) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 15,716 963 - Nuclear decommissioning trusts - - (278,212) Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 15,716 963 (278,212) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 328,021 8,787 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 328,021 8,787 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $343,742 $21,896 ($289,369) ============================================================= ==================== ==================== ====================
125 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($2,398) - - Receivables - net 126,605 - - Fuel inventory - - - Materials and supplies, at average cost 3,126 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 128,477 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 36,370 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 36,370 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 337,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 337,430 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $502,277 - - ============================================================= ==================== ==================== ====================
126 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt $33,444 - $5,791 Accounts payable 32 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 6,506 - 629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 39,982 - 6,420 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 5,497 - 82 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 1,181 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,678 - 82 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 300 Additional Paid-in Capital 373,970 - 1,944 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (1,460) - (1,908) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 372,510 - 336 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $419,170 - $6,838 ============================================================= ==================== ==================== ====================
127 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Security Valley Burglar & Consolidating Corp. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $92,890 ($11) ($11,111) Accrued taxes 1,254 30 - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 22,758 825 (46) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 116,902 844 (11,157) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 9,333 321 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 9,333 321 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 10 - (310) Additional Paid-in Capital 256,412 19,546 (277,902) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (38,915) 1,185 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 217,507 20,731 (278,212) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $343,742 $21,896 ($289,369) ============================================================= ==================== ==================== ====================
128 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $121,003 - - Accrued taxes 1,316 - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 30,672 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 152,991 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 5,579 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 10,835 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 16,414 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional Paid-in Capital 373,970 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (41,098) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 332,872 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $502,277 - - ============================================================= ==================== ==================== ====================
129 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $5,289 - $1,675 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 5,289 - 1,675 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13,115 - 2,152 Depreciation, decommissioning and amortization 2,069 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 15,184 - 2,152 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (9,895) - (477) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 3,491 - (12) Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 3,491 - (12) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (13,386) - (465) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (5,343) - (181) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (8,043) (284) Retained earnings - beginning of year (8,254) - (1,624) Dividends declared on common stock/other 14,837 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,460) - ($1,908) ============================================================= ==================== ==================== ====================
130 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Security Valley Burglar & Consolidating Corp. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $101,356 $6,842 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 101,356 6,842 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 111,018 4,790 - Depreciation, decommissioning and Amortization 21,235 1,406 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 132,253 6,196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (30,897) 646 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net (1,488) - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (1,488) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (29,409) 646 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (11,469) 252 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (17,940) 394 Retained earnings - beginning of year (145) 421 (5,623) Dividends declared on common stock/other (20,830) 370 5,623 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($38,915) $1,185 - ============================================================= ==================== ==================== ====================
131 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $115,162 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 115,162 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 131,075 - - Depreciation, decommissioning and Amortization 24,710 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 155,785 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (40,623) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 1,991 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1,991 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (42,614) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (16,741) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (25,873) Retained earnings - beginning of year (15,225) - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($41,098) - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4,367 $228 - Receivables - net 44 83 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (13) (86) $84 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,398 225 84 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 324 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 324 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,398 $549 $84 ============================================================= ==================== ==================== ====================
133 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $50,157 - - Receivables - net 150,408 $993 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 109,547 (59) - Regulatory balancing accounts - net - - - Prepayments and other current assets 241 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 310,353 934 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 4,495 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 555,418 - - Investments in leveraged leases 1,884,603 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,444,516 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 20,412 4,193 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 20,412 4,193 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,775,281 $5,127 - ============================================================= ==================== ==================== ====================
134 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $2 Receivables - net $4 $315 5,857 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (1) 10 533 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 3,723 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 325 10,115 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,320 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 21,282 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 22,602 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 5,380 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 5,380 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $325 $38,097 ============================================================= ==================== ==================== ====================
135 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $54,754 - Receivables - net ($90,126) 67,578 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - 110,015 - Regulatory balancing accounts - net - - - Prepayments and other current assets - 3,964 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (90,126) 236,311 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1 6,140 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (21,282) 555,418 - Investments in leveraged leases - 1,884,603 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (21,281) 2,446,161 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (1) 29,984 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (1) 29,984 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($111,408) $2,712,456 - ============================================================= ==================== ==================== ====================
136 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,895 - - Receivables - net 660,554 $23 $19,768 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 65,410 (1) 1 Regulatory balancing accounts - net - - - Prepayments and other current assets 228 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 729,087 22 19,769 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,356 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 345,155 - - Investments in leveraged leases 160 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 346,671 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 17,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 17,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,093,721 $22 $19,769 ============================================================= ==================== ==================== ====================
137 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $29 $59,521 Receivables - net $134,086 443,958 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 4,996 6,033 1,115 Regulatory balancing accounts - net - - - Prepayments and other current assets - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 139,082 450,033 60,636 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 101,042 - Investments in leveraged leases 533,631 991,026 247,558 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 533,631 1,092,068 247,558 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $672,713 $1,542,104 $308,194 ============================================================= ==================== ==================== ====================
138 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $5,099 $50,194 $13,762 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 644 (478) 1,895 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,743 49,716 15,657 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 33,463 88,422 Investments in leveraged leases 112,227 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 112,227 33,463 88,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and Reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $117,970 $83,179 $104,079 ============================================================= ==================== ==================== ====================
139 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Edison Funding Omicron Inc. [7] Olive Court [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $7,651 $117 - Receivables - net 232 57 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 30,589 9 - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 38,472 183 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 3,139 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,139 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and Reacquisition expense - - - Other deferred charges - 204 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 204 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $38,472 $3,526 - ============================================================= ==================== ==================== ====================
140 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $39,464 $1 $50,157 Receivables - net 166,936 (1,403,782) 150,408 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (667) 1 109,547 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 241 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 205,733 (1,403,780) 310,353 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 4,495 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 2,127,144 (2,139,808) 555,418 Investments in leveraged leases - 1 1,884,603 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,127,144 (2,139,807) 2,444,516 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 2,241 1 20,412 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,241 1 20,412 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,335,118 ($3,543,586) $2,775,281 ============================================================= ==================== ==================== ====================
141 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5 $32 - Receivables - net 615 744 $292 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (69) 16 196 Regulatory balancing accounts - net - - - Prepayments and other current assets 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 558 792 488 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 31 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 31 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $589 $792 $488 ============================================================= ==================== ==================== ====================
142 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3 $23 - Receivables - net 22 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 5 (6) - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 30 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and Reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $30 $17 - ============================================================= ==================== ==================== ====================
143 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
ECHI-B Company ECHI Wyvernwood, Edison Capital Inc. Affordable Housing 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
144 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
145 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Housing Delaware 99A Company 99B Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - $5 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 11 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 11 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $16 ============================================================= ==================== ==================== ====================
146 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $2,755 Receivables - net $3 $128 851 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (1) (132) 2,008 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 221 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2 (4) 5,835 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,325 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 1,201 145 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,201 1,470 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 1,958 5,872 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,958 5,872 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2 $3,155 $13,177 ============================================================= ==================== ==================== ====================
147 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Housing New Jersey Housing New York Housing Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,644 $3,503 $2,320 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 1,312 1 893 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,956 3,504 3,213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,402 - 8,043 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,402 8,043 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,358 $3,504 $11,256 ============================================================= ==================== ==================== ====================
148 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $3,102 $3 $2,122 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (454) (1) (33) Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,648 2 2,089 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 392 - 409 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 392 - 409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,040 $2 $2,498 ============================================================= ==================== ==================== ====================
149 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,193 $8,730 $30,971 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 4 (337) 3,971 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,197 8,393 34,942 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 13,147 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 13,147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - 453 Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 5,532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 5,532 453 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,197 $13,925 $48,542 ============================================================= ==================== ==================== ====================
150 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $37,197 $27,154 $6,272 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 6,547 3,332 2,493 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 43,744 30,486 8,765 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 21,010 11,731 3,274 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 21,010 11,731 3,274 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $64,754 $42,217 $12,039 ============================================================= ==================== ==================== ====================
151 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $27,002 $20,618 $7,595 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (344) (2,106) (308) Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 26,658 18,512 7,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $26,659 $18,512 $7,287 ============================================================= ==================== ==================== ====================
152 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $15,603 $2 $4,351 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (396) (2) 20 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 15,207 - 4,371 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 166 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 166 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 44 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 44 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $15,207 - $4,581 ============================================================= ==================== ==================== ====================
153 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $5,382 $14,004 $6,209 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 506 1,526 1,144 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,888 15,530 7,353 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 2,114 1,241 4,803 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,114 1,241 4,803 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,002 $16,771 $12,156 ============================================================= ==================== ==================== ====================
154 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $866 $4,019 $10,547 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 142 316 2,732 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,008 4,335 13,279 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 579 1,653 12,932 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 579 1,653 12,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,587 $5,988 $26,211 ============================================================= ==================== ==================== ====================
155 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,598 $11 $6,842 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 198 3 873 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,796 14 7,715 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 494 25 8,121 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 494 25 8,121 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 43 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 43 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,333 $39 $15,836 ============================================================= ==================== ==================== ====================
156 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $78 Receivables - net $40 $486 485,492 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (37) (49) 41,439 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 437 527,009 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 14,587 492,830 Investments in leveraged leases - - 160 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 14,587 492,990 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 9,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 9,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $15,024 $1,029,309 ============================================================= ==================== ==================== ====================
157 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1) $2,895 - Receivables - net (76,979) 660,554 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 3 65,410 - Regulatory balancing accounts - net - - - Prepayments and other current assets - 228 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (76,977) 729,087 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,356 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 345,155 - Investments in leveraged leases - 160 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (262,156) 346,671 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and Reacquisition expense - - - Other deferred charges (5,249) 17,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (5,249) 17,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($344,382) $1,093,721 - ============================================================= ==================== ==================== ====================
158 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments 55 (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2 - - Receivables - net 1,224 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 174 - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,400 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 7,846 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,846 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,246 - - ============================================================= ==================== ==================== ====================
159 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. 110 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5 - $6 Receivables - net 821 $16,437 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (71) (1,374) 5 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 755 15,063 11 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 17,619 58,178 693 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 17,619 58,178 693 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $18,374 $73,241 $704 ============================================================= ==================== ==================== ====================
160 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $11 - - Receivables - net - $364,239 $11,707 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 3 5,584 367 Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 14 369,823 12,074 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 7,623 - - Investments in leveraged leases - 654,291 21,648 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,623 654,291 21,648 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,637 $1,024,114 $33,722 ============================================================= ==================== ==================== ====================
161 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $4 Receivables - net $25,069 $24,777 5,426 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 114 526 (326) Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 25,183 25,303 5,104 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - 51,683 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 51,683 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $25,183 $76,986 $5,104 ============================================================= ==================== ==================== ====================
162 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - - Receivables - net 5,009 $302,322 ($313,073) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 2 1,031 (2) Regulatory balancing accounts - net - - - Prepayments and other current assets - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,012 303,366 (313,075) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 334,251 (325,168) Investments in leveraged leases - 263,404 - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 597,655 (325,168) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,012 $901,024 ($638,243) ============================================================= ==================== ==================== ====================
163 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $29 - - Receivables - net 443,958 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 6,033 - - Regulatory balancing accounts - net - - - Prepayments and other current assets 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 450,033 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 101,042 - - Investments in leveraged leases 991,026 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,092,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 3 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,542,104 - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $308 $202 Current portion of long-term debt - - - Accounts payable $4,360 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 221 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,360 529 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (30) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (30) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (56) - Unrealized gain in equity securities-net - - Retained earnings 38 106 (118) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 38 50 (118) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4,398 $549 $84 ============================================================= ==================== ==================== ====================
165 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $159,912 $4,573 - Current portion of long-term debt 285,659 - - Accounts payable 1,505 - - Accrued taxes - - - Accrued interest 3,477 - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 8,866 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 459,419 4,573 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 224,091 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,353,707 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 92,946 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,446,653 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 407 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 127,166 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (2) - - Unrealized gain in equity securities-net - Retained earnings 517,547 554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 644,711 554 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,775,281 $5,127 - ============================================================= ==================== ==================== ====================
166 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $14 $206 $79,472 Current portion of long-term debt - - - Accounts payable - - 133 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - 16,127 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14 206 95,732 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (16,743) Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities - - 46,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 29,909 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable Securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 3 80,597 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (11) 116 (168,141) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (11) 119 (87,544) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3 $325 $38,097 ============================================================= ==================== ==================== ====================
167 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($90,125) $154,562 - Current portion of long-term debt - 285,659 - Accounts payable - 5,998 - Accrued taxes - - - Accrued interest - 3,477 - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 25,214 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (90,125) 474,910 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 224,091 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) 1,336,933 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities (1) 139,597 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) 1,476,530 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 407 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (127,169) 80,597 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (1) (59) - Unrealized gain in equity securities-net - - Retained earnings 105,889 455,980 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (21,281) 536,518 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($111,408) $2,712,456 - ============================================================= ==================== ==================== ====================
168 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $2,147 $34 - Current portion of long-term debt 111,127 - Accounts payable 680 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 7,275 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 121,229 34 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 985 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 25,974 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 48,621 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 74,595 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 227 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 608,734 - $19,764 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 287,951 (12) 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 896,685 (12) 19,769 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,093,721 $22 $19,769 ============================================================= ==================== ==================== ====================
169 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $58 $104,627 $1,059 Current portion of long-term debt - - - Accounts payable 228 331 208 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 286 105,025 1,267 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 367,235 755,862 153,253 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 466 16,697 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 367,701 772,559 153,253 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 254,949 561,588 125,300 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (2) - Unrealized gain in equity securities-net - - - Retained earnings 49,777 102,934 28,374 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 304,726 664,520 153,674 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $672,713 $1,542,104 $308,194 ============================================================= ==================== ==================== ====================
170 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $27 $1,449 $478 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 27 1,449 478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,108 30,101 11,139 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,108 30,101 11,139 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 115,508 40,365 92,500 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 327 11,264 (38) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 115,835 51,629 92,462 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $117,970 $83,179 $104,079 ============================================================= ==================== ==================== ====================
171 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Edison Funding Omicron Inc. [7] Olive Court [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $11 $13 - Current portion of long-term debt 9,469 - - Accounts payable - 58 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 351 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 9,480 422 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 3,106 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 16,032 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 16,032 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 180 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 12,674 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 106 (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 12,780 (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $38,472 $3,526 - ============================================================= ==================== ==================== ====================
172 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,453,792 ($1,403,783) $159,912 Current portion of long-term debt 165,062 1 285,659 Accounts payable - - 1,505 Accrued taxes - - - Accrued interest 3,477 - 3,477 Dividends payable - - - Deferred unbilled revenue and other Current liabilities 1,172 1 8,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,623,503 (1,403,781) 459,419 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 220,000 - 224,091 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7,996) (1) 1,353,707 Accumulated deferred investment Tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 27,162 - 92,946 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 19,166 (1) 1,446,653 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 407 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable Securities of subsidiaries holding Solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 447,499 (2,151,715) 127,166 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - (2) Unrealized gain in equity securities-net - - Retained earnings 24,950 11,911 517,547 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 472,449 (2,139,804) 644,711 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,335,118 ($3,543,586) $2,775,281 ============================================================= ==================== ==================== ====================
173 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $236 $278 $15 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 236 278 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 242 58 31 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 111 456 442 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 353 514 473 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $589 $792 $488 ============================================================= ==================== ==================== ====================
174 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $4 $14 - Current portion of long-term debt - 17 - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4 31 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 24 (14) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 26 (14) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $30 $17 - ============================================================= ==================== ==================== ====================
175 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
ECHI-B Company ECHI Wyvernwood, Edison Capital Inc. Affordable Housing 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
176 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
177 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Housing Delaware 99A Company 99B Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $5 Current portion of long-term debt - - 12 Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 2 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $16 ============================================================= ==================== ==================== ====================
178 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $11 $76 $1,172 Current portion of long-term debt - - - Accounts payable - - 304 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - 809 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities $11 76 2,285 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 6,418 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (269) 2,133 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (269) 2,133 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 3,772 1,201 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (9) (424) 913 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (9) 3,348 2,114 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2 $3,155 $13,177 ============================================================= ==================== ==================== ====================
179 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Housing New Jersey Housing New York Housing Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $12 $22 $157 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 12 22 157 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - 296 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) - 296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 9,248 3,500 9,325 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 2,107 (18) 1,478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 11,355 3,482 10,803 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $11,358 $3,504 $11,256 ============================================================= ==================== ==================== ====================
180 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $11 $10 $10 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 11 10 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 187 - 181 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 187 - 181 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2,145 - 2,066 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 697 (8) 241 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,842 (8) 2,307 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,040 $2 $2,498 ============================================================= ==================== ==================== ====================
181 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $104 $9,077 $223 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 283 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 104 9,360 223 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1,304) (16) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 69 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1,235) (16) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1,002 5,000 30,581 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 91 800 17,754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,093 5,800 48,335 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,197 $13,925 $48,542 ============================================================= ==================== ==================== ====================
182 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $13 $13 $10 Current portion of long-term debt - - 93 Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 167 151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 180 254 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2 1,310 1,519 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2 1,310 1,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 44,132 25,926 3,906 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 20,607 14,801 6,360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 64,739 40,727 10,266 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $64,754 $42,217 $12,039 ============================================================= ==================== ==================== ====================
183 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $9 $2,051 $6,126 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 42 95 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 51 2,146 6,126 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 309 2,151 89 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 140 245 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 449 2,396 89 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 20,040 8,662 1,127 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 6,119 5,308 (55) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 26,159 13,970 (1,072) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $26,659 $18,512 $7,287 ============================================================= ==================== ==================== ====================
184 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $5 $6 $37 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5 6 37 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 128 - 1,180 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 128 - 1,180 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 13,766 - 3,264 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 1,308 (6) 100 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15,074 (6) 3,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $15,207 - $4,581 ============================================================= ==================== ==================== ====================
185 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $27 $27 $14 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 27 27 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2) (96) (5) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) (96) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 4,459 10,110 7,925 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 3,518 6,730 4,222 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,977 16,840 12,147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,002 $16,771 $12,156 ============================================================= ==================== ==================== ====================
186 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $27 $27 $14 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 40 27 $14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (34) 9 (173) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (34) 9 (173) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1,161 3,340 17,570 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 420 2,612 8,800 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,581 5,952 26,370 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,587 $5,988 $26,211 ============================================================= ==================== ==================== ====================
187 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $48 $29 $28 Current portion of long-term debt 132 - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 180 29 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 10 - (4) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 10 - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1,207 26 12,754 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 936 (16) 3,058 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,143 10 15,812 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,333 $39 $15,836 ============================================================= ==================== ==================== ====================
188 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $14 $12 $58,964 Current portion of long-term debt - - 110,873 Accounts payable - - 375 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - 5,716 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14 12 175,928 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 40 - 18,343 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - 48,166 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 40 - 66,509 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 54 14,578 610,196 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (105) 434 176,676 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (51) 15,012 786,872 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3 $15,024 $1,029,309 ============================================================= ==================== ==================== ====================
189 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($76,791) $2,147 - Current portion of long-term debt - 111,127 - Accounts payable 1 680 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities (1) 7,275 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (76,791) 121,229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (5,433) 985 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) 25,974 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 1 48,621 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 74,595 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 227 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (263,644) 608,734 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 1,486 287,951 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (262,158) 896,685 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($344,382) $1,093,721 - ============================================================= ==================== ==================== ====================
190 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,400 - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,400 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 6,502 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 1,344 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,846 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9,246 - - ============================================================= ==================== ==================== ====================
191 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,224 $8 $20 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other Current liabilities - 22 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,224 30 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 16,231 73,849 693 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 919 (638) (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 17,150 73,211 684 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $18,374 $73,241 $704 ============================================================= ==================== ==================== ====================
192 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $33 $295,917 $17 Current portion of long-term debt - - - Accounts payable - 309 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 33 296,226 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) 479,585 11,342 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities (6,920) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (6,919) 479,585 11,342 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 693 198,968 14,750 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (2) - - Unrealized gain in equity securities-net - - - Retained earnings (6) 49,335 7,613 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 685 248,303 22,363 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,637 $1,024,114 $33,722 ============================================================= ==================== ==================== ====================
193 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $5,175 $17 $5,370 Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,175 17 5,370 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (4) 29,361 (977) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (4) 29,361 (977) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 13,880 33,188 43 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 6,132 14,420 668 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 20,012 47,608 711 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $25,183 $76,986 $5,104 ============================================================= ==================== ==================== ====================
194 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $3,892 $104,626 ($313,072) Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,892 104,693 (313,072) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (264) 236,820 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 9,777 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (264) 246,597 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1,170 526,788 (325,167) Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 214 22,946 (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,384 549,734 (325,171) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,012 $901,024 ($638,243) ============================================================= ==================== ==================== ====================
195 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $104,627 - - Current portion of long-term debt - - - Accounts payable 331 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other Current liabilities 67 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 105,025 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 755,862 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Other long-term liabilities 16,697 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 772,559 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 561,588 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (2) - - Unrealized gain in equity securities-net - - - Retained earnings 102,934 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 664,520 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,542,104 - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $1,605 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,605 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 555 $1,515 $199 Depreciation, decommissioning and amortization 309 79 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 864 1,594 199 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 741 (1,594) - Interest and dividend income 50 12 - Other nonoperating income (deductions)-net 26 1,663 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 76 1,675 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 817 81 (199) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 852 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 852 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 3 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (32) 81 (199) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (154) 3 (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 122 78 (116) Retained earnings - beginning of year (84) 28 (2) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $38 $106 ($118) ============================================================= ==================== ==================== ====================
197 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $280,875 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 280,875 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. Adj. clauses - net - - - Other operation and maintenance 51,819 $3 - Depreciation, decommissioning and Amortization 19,855 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 71,674 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 209,201 (3) - Interest and dividend income 3,315 374 - Other nonoperating income (deductions)-net (20,779) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (17,464) 374 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 191,737 371 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,857 - - Other interest expense - net 31,737 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 39,594 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 152,143 371 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,469) 150 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 170,612 221 Retained earnings - beginning of year 346,935 333 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $517,547 $554 - ============================================================= ==================== ==================== ====================
198 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 - $38,697 Depreciation, decommissioning and Amortization - - 2,227 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 - 40,924 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) - (40,924) Interest and dividend income - $381 - Other nonoperating income (deductions)-net - - (6,864) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 381 (6,864) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3) 381 (47,788) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 125 Other interest expense - net - 406 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 406 125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3) (25) (47,913) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (10) (6,377) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (3) (15) (41,536) Retained earnings - beginning of year (8) 131 (126,605) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($11) $116 ($168,141) ============================================================= ==================== ==================== ====================
199 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $282,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 282,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance ($1,665) 91,126 - Depreciation, decommissioning and amortization - 22,470 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1,665) 113,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,665 168,884 - Interest and dividend income (381) 3,751 - Other nonoperating income (deductions)-net (1,662) (27,616) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (2043) (23,865) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (378) 145,019 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 8,834 - Other interest expense - net (381) 31,762 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (381) 40,596 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 3 104,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (24,940) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3 129,366 Retained earnings - beginning of year 105,886 326,614 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $105,889 $455,980 - ============================================================= ==================== ==================== ====================
200 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $61,737 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 61,737 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 38,052 $3 $3 Depreciation, decommissioning and amortization 18,259 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 56,311 3 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 5,426 (3) (3) Interest and dividend income 518 - - Other nonoperating income (deductions)-net (25,983) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (25,465) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (20,039) (3) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,837 - - Other interest expense - net (6,433) - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1,404 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (21,443) (3) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (85,224) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 63,781 (3) (3) Retained earnings - beginning of year 224,170 (9) 8 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $287,951 ($12) $5 ============================================================= ==================== ==================== ====================
201 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $76,285 $97,901 $43,206 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 76,285 97,901 43,206 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 63 3 Depreciation, decommissioning and Amortization - 11 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 74 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 76,282 97,827 43,203 Interest and dividend income - 1,002 - Other nonoperating income (deductions)-net - 382 1,126 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 1,385 1,126 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 76,282 99,211 44,329 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - 1 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 76,282 99,210 44,329 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 30,544 38,369 17,907 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 45,738 60,841 26,422 Retained earnings - beginning of year 4,039 42,093 1,952 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $49,777 $102,934 $28,374 ============================================================= ==================== ==================== ====================
202 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $601 $1,088 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 601 1,088 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 $3 Depreciation, decommissioning and Amortization - 886 140 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 889 143 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 598 199 (143) Interest and dividend income - - - Other nonoperating income (deductions)-net - 426 (4,242) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 426 (4,242) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 598 625 (4,385) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 598 625 (4,385) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 244 (520) (4,347) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 354 1,145 (38) Retained earnings - beginning of year (27) 10,119 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $327 $11,264 ($38) ============================================================= ==================== ==================== ====================
203 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Funding Edison Funding Omicron Inc. Olive Court - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $54 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 54 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 58 $3 - Depreciation, decommissioning and Amortization 11 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 69 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (15) (3) - Interest and dividend income 197 - - Other nonoperating income (deductions)-net 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 198 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 183 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 20 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 20 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 12 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 175 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 66 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 109 (2) - Retained earnings - beginning of year (3) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $106 ($2) - ============================================================= ==================== ==================== ====================
204 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($9) $12 $280,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (9) 12 280,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13,625 (3) 51,819 Depreciation, decommissioning and Amortization 549 (1) 19,855 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 14,174 (4) 71,674 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (14,183) 16 209,201 Interest and dividend income 1,597 1 3,315 Other nonoperating income (deductions)-net 7,511 - (20,779) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 9,108 1 (17,464) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (5,075) 17 191,737 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 7,857 Other interest expense - net 38,169 - 31,737 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 38,169 - 39,594 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (43,244) 5 152,143 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (15,506) (1) (18,469) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (27,738) 6 170,612 Retained earnings - beginning of year 52,688 11,905 346,935 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,950 $11,911 $517,547 ============================================================= ==================== ==================== ====================
205 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $2 $1 - Depreciation, decommissioning and Amortization 11 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 13 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (13) (1) - Interest and dividend income - - - Other nonoperating income (deductions)-net (302) 197 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (302) 197 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (315) 196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (315) 196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (192) 51 ($169) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (123) 145 169 Retained earnings - beginning of year 234 311 273 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $111 $456 $442 ============================================================= ==================== ==================== ====================
206 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and Amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - $2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes ($22) 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 22 (4) Retained earnings - beginning of year 2 (10) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24 ($14) - ============================================================= ==================== ==================== ====================
207 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
ECHI-B Company ECHI Wyvernwood, Edison Capital Inc. Affordable Housing 97 V - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
208 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
209 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Housing Delaware 99A Company 99B Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - ($1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 3 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (4) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) Retained earnings - beginning of year - - (2) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($3) ============================================================= ==================== ==================== ====================
210 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - $5,742 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 5,742 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 $3 7,151 Depreciation, decommissioning and Amortization - 264 225 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 267 7,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) (267) (1,634) Interest and dividend income - - 60 Other nonoperating income (deductions)-net - - 2,340 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 2,400 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3) (267) 766 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 7 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3) (267) 759 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (103) (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (3) (164) 766 Retained earnings - beginning of year (6) (260) 147 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) ($424) $913 ============================================================= ==================== ==================== ====================
211 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Housing Housing New Jersey Housing New York Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($449) - ($498) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (449) - (498) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 $3 3 Depreciation, decommissioning and Amortization 424 - 338 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 427 3 341 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (876) (3) (839) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (876) (3) (839) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (876) (3) (839) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,528) - (1,806) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 652 (3) 967 Retained earnings - beginning of year 1,455 (15) 511 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,107 ($18) $1,478 ============================================================= ==================== ==================== ====================
212 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($16) - ($16) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (16) - (16) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 $3 3 Depreciation, decommissioning and amortization 14 - 15 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 17 3 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (33) (3) (34) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (33) (3) (34) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (33) (3) (34) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (81) - (57) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 48 (3) 23 Retained earnings - beginning of year 649 (5) 218 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $697 ($8) $241 ============================================================= ==================== ==================== ====================
213 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - ($1,767) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (1,767) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 $3 3 Depreciation, decommissioning and Amortization - - 992 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 995 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) (3) (2,762) Interest and dividend income - 502 33 Other nonoperating income (deductions)-net 30 27 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 30 529 33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 27 526 (2,729) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 27 526 (2,729) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 14 390 (7,262) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 13 136 4,533 Retained earnings - beginning of year 78 664 13,221 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $91 $800 $17,754 ============================================================= ==================== ==================== ====================
214 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($2,467) ($925) $346 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (2,467) (925) 346 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 4 Depreciation, decommissioning and amortization 1,752 1,064 223 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,755 1,067 227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (4,222) (1,992) 119 Interest and dividend income - - - Other nonoperating income (deductions)-net 117 3,458 2,964 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 117 3,458 2,964 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (4,105) 1,466 3,083 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (4,105) 1,466 3,083 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (11,750) (2,462) (740) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 7,645 3,928 3,823 Retained earnings - beginning of year 12,962 10,873 2,537 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $20,607 $14,801 $6,360 ============================================================= ==================== ==================== ====================
215 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes ($23) $109 $8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 23 (109) (8) Retained earnings - beginning of year 6,096 5,417 (47) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,119 $5,308 ($55) ============================================================= ==================== ==================== ====================
216 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - $191 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 191 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 3 Depreciation, decommissioning and amortization - - 23 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - 165 Interest and dividend income - - - Other nonoperating income (deductions)-net $331 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 331 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 331 - 165 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 331 - 165 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 138 $1 (45) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 193 (1) 210 Retained earnings - beginning of year 1,115 (5) (110) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,308 ($6) $100 ============================================================= ==================== ==================== ====================
217 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($192) ($1,333) ($597) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (192) (1,333) (597) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 3 Depreciation, decommissioning and Amortization 151 229 252 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 154 232 255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (346) (1,565) (852) Interest and dividend income - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (346) (1,565) (852) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (346) (1,565) (852) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,059) (2,585) (2,008) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 713 1,020 1,156 Retained earnings - beginning of year 2,805 5,710 3,066 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3,518 $6,730 $4,222 ============================================================= ==================== ==================== ====================
218 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($46) ($197) ($1,000) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (46) (197) (1,000) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 3 Depreciation, decommissioning and Amortization 30 105 769 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 33 108 772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (79) (305) (1,772) Interest and dividend income - - - Other nonoperating income (deductions)-net 243 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 243 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 164 (305) (1,772) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 164 (305) (1,772) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (179) (764) (4,910) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 343 459 3,138 Retained earnings - beginning of year 77 2,153 5,662 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $420 $2,612 $8,800 ============================================================= ==================== ==================== ====================
219 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other ($62) ($1) ($749) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (62) (1) (749) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 - 3 Depreciation, decommissioning and Amortization 63 3 150 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 66 3 153 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (128) (4) (902) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (128) (4) (902) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (128) (4) (902) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (296) (3) (2,410) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 168 (1) 1,508 Retained earnings - beginning of year 768 (15) 1,550 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $936 ($16) $3,058 ============================================================= ==================== ==================== ====================
220 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - ($2) ($18,918) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (2) (18,918) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 3 18,760 Depreciation, decommissioning and Amortization - 1 11,161 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 4 29,921 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) (6) (48,839) Interest and dividend income - - 8 Other nonoperating income (deductions)-net - - 37,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 37,164 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3) (6) (11,675) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 1,398 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 1,398 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3) (6) (13,073) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (149) (45,329) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (3) 143 32,256 Retained earnings - beginning of year (102) 291 144,420 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($105) $434 $176,676 ============================================================= ==================== ==================== ====================
221 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $84,694 $61,737 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 84,694 61,737 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 12,056 38,052 - Depreciation, decommissioning and Amortization 3 18,259 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,059 56,311 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 72,635 5,426 - Interest and dividend income (85) 518 - Other nonoperating income (deductions)-net (72,546) (25,983) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (72,631) (25,465) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 4 (20,039) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 6,432 7,837 - Other interest expense - net (6,433) (6,433) - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (1) 1,404 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 5 (21,443) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 1 (85,224) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 4 63,781 Retained earnings - beginning of year 1,482 224,170 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,486 $287,951 - ============================================================= ==================== ==================== ====================
222 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments (Bermuda), Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $12 - - Depreciation, decommissioning and Amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (12) - - Interest and dividend income 2 - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (10) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (10) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (4) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (6) Retained earnings - beginning of year 1,350 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,344 - - ============================================================= ==================== ==================== ====================
223 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $10 $2 $8 Depreciation, decommissioning and Amortization - 11 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10 13 8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (10) (13) (8) Interest and dividend income 510 490 - Other nonoperating income (deductions)-net - 373 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 510 863 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 500 850 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 1 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 499 850 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (83) 248 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 582 602 (5) Retained earnings - beginning of year 337 (1,240) (4) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $919 ($638) ($9) ============================================================= ==================== ==================== ====================
224 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $75,458 $1,745 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 75,458 1,745 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 3 3 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) 75,455 1,742 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3) 75,455 1,742 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3) 75,455 1,742 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1) 30,024 514 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2) 45,431 1,228 Retained earnings - beginning of year (4) 3,904 6,385 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) $49,335 $7,613 ============================================================= ==================== ==================== ====================
225 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $3,956 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 3,956 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 3 $6 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (3) 3,953 (6) Interest and dividend income - - - Other nonoperating income (deductions)-net - - 5,382 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 5,382 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (3) 3,953 5,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3) 3,953 5,376 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (147) 1,175 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 144 2,778 5,369 Retained earnings - beginning of year 5,988 11,642 (4,701) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,132 $14,420 $668 ============================================================= ==================== ==================== ====================
226 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - $16,742 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 16,742 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $9 8,936 ($8,935) Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9 8,936 (8,935) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (9) 7,806 8,935 Interest and dividend income 1 - (1) Other nonoperating income (deductions)-net 3,560 - (8,933) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,561 - (8,934) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 3,552 7,806 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 3,552 7,806 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 212 6,428 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3,340 1,378 2 Retained earnings - beginning of year (3,126) 21,568 (6) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $214 $22,946 ($4) ============================================================= ==================== ==================== ====================
227 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income and Retained Earnings December 31, 1999 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $97,901 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 97,901 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 63 - - Depreciation, decommissioning and amortization 11 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 74 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 97,827 - - Interest and dividend income 1,002 - - Other nonoperating income (deductions)-net 382 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 1,385 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 99,211 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net 1 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 99,210 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 38,369 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 60,841 Retained earnings - beginning of year 42,093 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $102,934 - - ============================================================= ==================== ==================== ====================
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: 1st Time Homebuyer 1010 SVN Assoc LP 1028 Howard St Assoc LP Opportunities LP (Chester County Homes) - ---------------------------------------- -------------------------- ---------------------------- --------------------------- Equity Interest: Assets $1,358 $3,472 $184 Revenues $153 $219 $11 Net Income (Loss) ($4) ($180) ($9) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Investments Housing Partners IX LP Investors Partnership
229 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: 1101 Howard St Assoc LP 1475 167th Ave Assoc LP 16th & Church St Assoc LP (Bermuda Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $53 $6,956 $2,238 Revenues $2 $197 $130 Net Income (Loss) ($2) ($290) ($136) Ownership Interest(s): 99.00% by MHIFED 95 LP 99.90% by Edison Capital 99.00% by Edison Funding Housing Partners XI LP Omicron Inc.
230 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: 1732 Champa LP (Buerger 18303 Kittridge Assoc-39 1856 Wells Court Partners Brothers Lofts) LP (Kittridge) LP (Wells Court) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,263 $4,708 $4,657 Revenues $492 $271 $327 Net Income (Loss) $122 ($81) ($122) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Investments Housing Investments Omicron Inc.
231 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: 210 Washington Ave Assoc 2400 Locust Assoc LP 2601 North Broad St Assoc (Renaissance Plaza) (Locust on the Park) LP (Station House) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,016 $5,762 $60 Revenues $520 $6 $1 Net Income (Loss) ($487) ($166) $2 Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP II
232 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: 2814 Fifth St Assoc LP 381 Turk St LP 5363 Dent Ave Assoc LP (Land Park Woods) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,776 $3 $7,781 Revenues $346 $2 $173 Net Income (Loss) ($203) - ($74) Ownership Interest(s): 99.00% by Edison Capital 1.00% by John Stewart 99.00% by MH II LP Housing Partners IX LP Company 0.50% by John Stewart Company
233 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Abajo Del Sol LP Abby Assoc LP (Windmere) Admiralty Heights Assoc II 1995 LP (Kent Manor) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $5,008 $406 Revenues - $318 $17 Net Income (Loss) - ($76) ($56) Ownership Interest(s): 99.9% by Edison Capital 99.00% by MHICAL 95 LP 99.00% by Edison Capital Housing Investments Housing Partners VI LP
234 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: AE Assoc LP (Avenida Affordable/Citrus Glenn Agape Housing LP Espana) Phase II, Ltd (Citrus Glenn Apts Phase II) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,096 $549 $24,696 Revenues $528 $108 $40 Net Income (Loss) ($219) ($16) ($33) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Capital 99.00% by Edison Funding Omicron Inc. Housing Partners VI LP Omicron Inc.
235 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Alhambra Apts LP Alma Place Assoc LP Altamont Hotel Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $16,026 $2,884 $1,327 Revenues $714 - $92 Net Income (Loss) ($244) - ($38) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XIII LP Housing Partners IX LP Housing Partners VI LP
236 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: AMCAL Santa Barbara Fund Anglo Edison LLC No. 1 Anglo Edison Pinecrest LLC XXXVI LP (Positano) (Las Brisas) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $823 $2,880 - Revenues $104 $487 - Net Income (Loss) ($56) ($193) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Capital Housing Partners V LP Omicron Inc. Housing Investments
237 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Anglo Edison Ravenwood LLC Antelope Assoc LP Apollo Development Assoc LP (Apollo Hotel) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,665 $4,967 $7,494 Revenues $425 $913 $311 Net Income (Loss) $61 ($162) ($48) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHICAL 95 LP 99.90% by Edison Capital Omicron Inc. Housing Investments
238 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Arbor Lane Assoc Phase II Argyle Redevelop-ment Arroyo Vista Assoc LP LP (Timberwood) Partnership LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $13 $15,402 $161 Revenues $1 $3,150 $14 Net Income (Loss) - ($346) ($6) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Corporations for Affordable Housing LP Housing Investments for Affordable Housing LP
239 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Artloft Assoc LP Auburn Manor Apts LP Auburn Manor LLC - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $50 $2,427 - Revenues $4 $116 - Net Income (Loss) ($2) ($17) - Ownership Interest(s): 35.60% by Corporations 99.00% by Edison Capital 50.00% by Edison Capital for Affordable Housing LP Housing Partners XI LP Housing Investments 53.39% by Corporations for Affordable Housing LP II
240 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Avalon Courtyard LP B.A.I. Anglo Edison B.A.I. Edison Ravenwood (Carson Senior Housing) Pinecrest, LLC (Pinecrest) LP (Ravenwood) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7 - $4,234 Revenues $6 - $774 Net Income (Loss) ($3) - ($331) Ownership Interest(s): 99.00% by MHIFED 95 LP 99.00% by Edison Capital 90.00% by Edison Capital Housing Investments Housing Delaware, Inc.
241 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Baker Park Assoc LP Baldwin Village LP Barnsdall Court LP (Villa (Watson Terrace) Mariposa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,758 - - Revenues $766 - - Net Income (Loss) ($209) - - Ownership Interest(s): 99.00% by MHICAL 95 LP 99.90% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Partners XI LP
242 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Bartlett Hill Assoc LP Beacon Manor Assoc LP Benton Green LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,782 $4,955 - Revenues $436 $127 - Net Income (Loss) ($429) ($220) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.90% by Edison Capital Housing Investments Housing Partners X LP Housing Investments
243 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Berry Ave Assoc LP Bodega Hills Investors LP Borregas Court LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $93 $2,662 $10,671 Revenues $4 $26 $1,217 Net Income (Loss) ($2) ($22) $7 Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Partners XI LP
244 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Boulder Creek Apartments Bouquet Canyon Seniors LP Bracher Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $27,179 $23,336 $9,602 Revenues $778 $164 $438 Net Income (Loss) ($473) ($834) ($176) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHICAL 95 LP Housing Partners X LP Housing Investments
245 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Bradley Manor Senior Apts Brantwood II Assoc LP Brookline Housing Assoc LP LLC (Bridgewater) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,365 $2,701 $106 Revenues $63 $5 $4 Net Income (Loss) ($16) ($1) ($7) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Corporations Housing Partners VI LP Omicron Inc. for Affordable Housing LP II
246 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Brooks School Assoc LP Bryn Mawr - Belle Shore Bryson Family Apts LP LP (The) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,649 $2,738 - Revenues $42 $754 - Net Income (Loss) $22 ($564) - Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.90% by Edison Capital Omicron Inc. Omicron Inc. Housing Partners XI LP
247 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Burlington Arboretum LP Burlington Senior Housing Bush Hotel LP LLC - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $3,245 $6,732 Revenues - $19 $601 Net Income (Loss) - ($21) ($165) Ownership Interest(s): 94.66% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Investments Housing Partners X LP Omicron Inc. 1.00% by Burlington Apts, Inc.
248 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Caleb Affordable Housing California Park Apts LP Carlin LP (The) Assoc LP (Ledges/Pinebrook) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $85 $14,518 $154 Revenues $12 $404 $6 Net Income (Loss) ($3) ($96) ($15) Ownership Interest(s): 99.00% by Corporations 99.00% by MH I LP 99.00% by Corporations for Affordable Housing LP for Affordable Housing LP
249 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Carlton Way Apts LP Carson Housing LP (Carson Carson Terrace LP Street) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $55 $10,786 - Revenues $2 $110 - Net Income (Loss) ($1) ($54) - Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Capital 99.90% by Edison Capital Housing Partners XI LP Housing Investments
250 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Casa Rampart LP (Rampart C-Court LP (Cawelti Court) CCS/Bellingham LP Apts) (Washington Grocery Building) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,719 $1,140 $13,638 Revenues $132 $23 $260 Net Income (Loss) ($119) ($6) ($90) Ownership Interest(s): 98.90% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XI LP Housing Partners VII LP Housing Investments
251 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: CCS/Mount Vernon Housing CCS/Renton Housing LP CDR Senior Housing Assoc LP (La Venture) (Renton) LP (Casa del Rio) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,490 $7,515 $154 Revenues $48 $54 $4 Net Income (Loss) ($58) ($57) ($2) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHIFED 94 LP Housing Investments Housing Partners X LP
252 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Catalonia Assoc LP Cedarshores Limited Centennial Place LP Dividend Housing Association LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,774 $6,666 $6,623 Revenues - $444 $568 Net Income (Loss) - ($346) ($379) Ownership Interest(s): 99.00% by Edison Capital 98.99% by Edison Capital 99.00% by MH V LP Housing Partners VIII LP Housing Partners XII LP 0.01% by Mission Funding Theta
253 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Centertown Assoc LP Centro Partners LP (El Cincinnati Ravenwood Apts Centro) LP (Ravenwood) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $15,015 $8,254 $3,256 Revenues $415 $258 - Net Income (Loss) ($183) ($224) $55 Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Omicron Inc. Housing Investments 0.95% by B.A.I. Edison Ravenwood LP (Ravenwood)
254 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Chamber Apts LP (The Cochrane Village Apts LP Colina Vista LP Chamber Bldg) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $7,160 $5,344 Revenues - $11 $237 Net Income (Loss) - ($15) ($159) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by MHICAL 95 LP Housing Partners XIII LP Omicron Inc.
255 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Community Invest-ment LP Conejo Valley Community Coolidge Station Apts LLC (Oak Village Apts) Housing Assoc (Community House Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5 $3,479 $5,842 Revenues $6 $74 $113 Net Income (Loss) - ($51) ($29) Ownership Interest(s): 1.00% by John Stewart 99.00% by Edison Capital 99.00% by Edison Capital Company Housing Investments Housing Partners X LP
256 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Corona Ely/Ranch Assoc LP Corporations for Corporations for Affordable Housing LP Affordable Housing LP II - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $31 $397 $322 Revenues $5 $5 $10 Net Income (Loss) ($2) ($47) ($41) Ownership Interest(s): 99.00% by MHIFED 94 LP 1.00% by EC Properties, 1.00% by EC Properties, Inc. Inc.
257 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Corporations for Cottonwood Affordable Coyote Springs Apts Assoc Affordable Housing LP III Housing LP (Verde Vista) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $129 $590 $14,316 Revenues $2 $40 $658 Net Income (Loss) ($5) ($13) ($294) Ownership Interest(s): 1.00% by EC Properties 99.00% by Edison Capital 99.00% by Edison Funding III, Inc. Housing Partners VII LP Omicron Inc.
258 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Crescent Manor Assoc LP Cypress Cove Assoc Davis MHA Twin Pines Community Assoc LP (Northstar Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $25 $6,829 $4,999 Revenues $22 $194 $206 Net Income (Loss) $1 ($97) $137 Ownership Interest(s): 2.85% by John Stewart 99.00% by Edison Funding 99.00% by Edison Capital Company Omicron Inc. Housing Partners XI LP
259 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Del Carlo Court Assoc LP Del Norte Place LP Delta Plaza Apts LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $17,489 $2,463 $6,972 Revenues $199 $314 $80 Net Income (Loss) ($163) ($50) ($71) Ownership Interest(s): 99.00% by Edison Funding 18.00% by John Stewart 99.00% by Edison Funding Omicron Inc. Company Omicron Inc.
260 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: DeRose Housing Assoc LP Diamond Creek Apts LP Diamond Phase III Venture LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $22,474 - $20 Revenues $465 - - Net Income (Loss) ($419) - ($1) Ownership Interest(s): 99.00% by MH III LP 99.90% by Edison Capital 99.00% by Corporations Housing Investments for Affordable Housing LP
261 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Don Avante Assoc I LP Don Avante Assoc II LP Double X Assoc 1995 LP (Don de Dios) (Village Avante) (Terrace Manor) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $367 Revenues - - $23 Net Income (Loss) - - ($61) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Partners VI LP
262 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: EAH Larkspur Creekside East Cotati Ave Partners Eastwood Homes LP Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,758 $6,326 $11,356 Revenues $239 $287 $248 Net Income (Loss) ($94) ($163) ($224) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 98.99% by Edison Capital Omicron Inc. Omicron Inc. Housing Partners XI LP 0.01% by Mission Funding Theta
263 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: ECH/HFC GP Partnership ECH/HFC GP Partnership ECH Investor Partners No. 1 No. 2 VI-A LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $15,326 $6,086 $147 Revenues $1 - - Net Income (Loss) ($30) ($2) ($2) Ownership Interest(s): 34.90% by Edison Capital 56.70% by Edison Capital 15.39% by Edison Capital Housing Investments Housing Investments Contributions VI Partners 50.40% by MHICAL 96 43.30% by MHICAL 95 Company Company 14.70% by MHICAL 97 Company
264 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: ECH Investor Partners EDA LP (Eagle's Nest) Edison Capital Affordable VI-B LP Housing 99A G.P. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $88 $95 - Revenues - $19 - Net Income (Loss) ($1) ($4) - Ownership Interest(s): 15.39% by Edison Capital 99.00% by Corporations 27.69% by Edison Capital Contributions VI Partners for Affordable Housing LP Housing Investments II 36.47% by MHICAl 96 Company 33.05% by MHICAL 97 Company 2.78% by Mission Housing Epsilon 0.01% by Mission Funding Theta
265 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Edison Capital Affordable Edison Capital Housing Edison Capital Housing Housing 99B G.P. Partners V LP Partners VI LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,841 $188 Revenues - - - Net Income (Loss) - - ($2) Ownership Interest(s): 99.99% by Edison Capital 16.38% by Edison Capital 61.82% by ECH Investor Housing Investments Housing Investments Partners VI-A LP 0.01% by Mission Funding 37.18% by ECH Investor Theta Partners VI-B LP
266 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Housing Edison Capital Housing Partners VII LP Partners VIII LP Partners IX LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,959 $2,340 - Revenues $1 - - Net Income (Loss) ($35) ($4) - Ownership Interest(s): 19.40% by ECH/HFC GP 18.54% by ECH/HFC GP 13.5533% by Edison Partnership No. 1 Partnership No. 2 Capital Affordable Housing 99A G.P.
267 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Housing Edison Capital Housing Partners X LP Partners XI LP Partners XII LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 19.3952% by Edison 18.62486% by Edison 13.73759% by Edison Capital Affordable Capital Affordable Capital Affordable Housing 99B GP Housing 99B GP Housing 99B GP
268 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Edgewood Manor Assoc II LP Partners XIII LP Contributions VI Partners - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $8,173 $56 Revenues - $2 $4 Net Income (Loss) - ($35) ($1) Ownership Interest(s): 17.03513% by Edison 91.77% by Edison Capital 99.00% by Corporations Capital Affordable Housing Investments for Affordable Housing LP Housing 99B GP II 4.03% by Edison Housing North Carolina 4.20% by Edison Housing South Carolina
269 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Edmundson Assoc LP El Barrio Academy Urban Electra Arms Senior Assoc (Willows) Renewal Assoc LP (El LP Barrio) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,423 $4,006 - Revenues $170 $111 - Net Income (Loss) ($116) ($136) - Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Omicron Inc. Housing Partners XI LP
270 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Elizabeth West & East LP Emanuel Grant Company LLC Fairmont Hotel Urban (Capitol Heights) Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,516 - $67 Revenues $133 - $2 Net Income (Loss) ($121) - ($4) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by Corporations Omicron Inc. Housing Investments for Affordable Housing LP
271 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Fairview Village Assoc LP Farm (The) Assoc LP Fell St Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $73 $7,741 $31 Revenues - $290 $6 Net Income (Loss) - ($125) ($3) Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Funding 99.00% by MHIFED 94 LP Omicron Inc.
272 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Fifth & Wilshire Apts LP Flagstaff Afford-able Florence Apts LLC Housing II LP (Forest View Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,559 $1,110 $4,275 Revenues $21 $33 $116 Net Income (Loss) ($32) ($24) ($216) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VII LP Housing Partners VII LP Housing Investments
273 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Florin Woods Assoc LP Forest Winds Assoc LP Fremont Building LP (Crescent Arms) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,556 $720 $5,837 Revenues $408 $15 $615 Net Income (Loss) ($207) ($7) ($815) Ownership Interest(s): 99.00% by MHICAL 95 LP 99.00% by Mission Housing 99.00% by Edison Funding Investors Partnership Omicron Inc.
274 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Garnet Housing Assoc LP Gateway Housing LP Gilroy Redwood Assoc LP (Gateway Townhomes) (Redwoods) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $58,293 $89 $6,899 Revenues - $13 $195 Net Income (Loss) - ($4) ($94) Ownership Interest(s): 99.00% by MHICAL 97 LP 99.00% by Corporations 99.00% by Edison Funding for Affordable Housing LP Omicron Inc. II
275 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Ginzton Assoc LP Glen Eden Assoc LP (A Good Samaritan Assoc LP Street) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,237 - $49 Revenues $805 - $2 Net Income (Loss) ($70) - ($1) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Mission Housing 99.00% by MHIFED 96A LP Omicron Inc. Investors Partnership
276 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Grace Housing LP Grandy Lake 1996 LP Gray's Meadows Investors (Grandy Lake Residences) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $137 Revenues - - $16 Net Income (Loss) - - ($9) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Partners XI LP Housing Investments Investors Partnership
277 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Greenway Village Assoc LP Grossman Apts Investors LP Hamilton Place Apts LP (Larkin Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $19,644 $8,809 $1,644 Revenues $243 $104 $97 Net Income (Loss) ($94) ($21) ($11) Ownership Interest(s): 99.00% by MHICAL 96 LP 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Housing Partners VI LP
278 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Hamilton Place Senior Harry Clark Jr. Hearthstone Group 3 LP Living LP Residential Center LLC (Evergreen Court) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $30,264 $4,928 $2,239 Revenues $27 - $11 Net Income (Loss) ($71) - ($34) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VI LP Housing Investments Housing Partners VI LP
279 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Heartland-Wisconsin Heather Glen Assoc LP Hercules Senior Housing Rapids Timber Trails LLC Assoc LP (Timber Trails) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,556 $5,768 $9,544 Revenues $348 $371 $31 Net Income (Loss) ($85) ($173) ($124) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.90% by Edison Capital Omicron Inc. Omicron Inc. Housing Investments
280 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Heritage Partners LP Highland Village Partners Hilltop Farms LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Partners XII LP Housing Investments Housing Investments
281 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: HMB-Atlanta I LP (Spring Hollywood El Centro LP Holy Family Assoc LP Branch) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,475 $23 $7,895 Revenues $833 $6 $613 Net Income (Loss) ($138) ($3) ($241) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHIFED 95 LP 99.00% by Edison Funding Omicron Inc. Omicron Inc.
282 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Homestead Village Assoc LP Hope West Apts LP Hotel Elkhart LLC (The Cornerstone) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $59 $106 $8,299 Revenues $5 $1 $400 Net Income (Loss) ($2) - ($35) Ownership Interest(s): 99.00% by Corporations 99.00% by MHIFED 94 LP 99.00% by Edison Capital for Affordable Housing LP Housing Investments II
283 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Huff Ave Assoc LP Jackie Robinson Apts LP Josephinum Assoc LP (The) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,617 $32 $2,503 Revenues - - $1,138 Net Income (Loss) - $3 ($671) Ownership Interest(s): 99.00% by Edison Capital 1.67% by John Stewart 99.00% by Edison Capital Housing Partners VII LP Company Housing Investments
284 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Junction City Apts LP Karen Partners LP KDF Malabar LP (Malabar (Green Park) Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $50 - $1,040 Revenues $7 - $179 Net Income (Loss) ($4) - ($23) Ownership Interest(s): 99.00% by Corporations 99.90% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Investments Housing Partners VI LP II
285 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: KDF Park Glenn LP (Park KDF Park Glenn Seniors LP KDF Santa Paula LP (Santa Glenn) (Park Glenn II) Paula) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,923 - $4,611 Revenues $1,033 - $275 Net Income (Loss) ($82) - ($42) Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Investments
286 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Kennedy Court Partners LP Kennedy Lofts Assoc LP King Road Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $31,699 - - Revenues $201 - - Net Income (Loss) ($119) - - Ownership Interest(s): 99.00% by MHICAL 96 LP 99.00% by Edison Capital 99.90% by Edison Capital Housing Investments Housing Investments
287 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Klamath Assoc LP Knolls Community Assoc LP La Brea/Franklin LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,875 $8,957 $138 Revenues $159 $268 $3 Net Income (Loss) ($77) ($384) ($3) Ownership Interest(s): 99.00% by MHICAL 96 LP 99.00% by Edison Capital 99.00% by MHIFED 95 LP Housing Partners IX LP
288 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Lackawana Housing Assoc Lark Ellen LP Larkin Pine LP (Goodwill Neighborhood Residences) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,977 $3,817 $37 Revenues $76 $284 $3 Net Income (Loss) ($189) ($178) ($3) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Capital 99.00% by MHIFED 95 LP Omicron Inc. Housing Partners X LP
289 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Larkspur Isle LP Las Casitas LP La Terraza Assoc LP (Carlsbad Villas at Camino Real) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2 $3 $28,418 Revenues $1 $2 $2,053 Net Income (Loss) - - ($456) Ownership Interest(s): 0.50% by John Stewart 0.50% by John Stewart 99.00% by Mission Housing Company Company Partnership 1996 LP
290 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Lavell Village Assoc LP LL Housing LP (Laurel LL Housing LLC Lakes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $496 $9,994 - Revenues $17 $144 - Net Income (Loss) ($5) ($99) - Ownership Interest(s): 99.00% by MHIFED 96 LP 99.00% by Edison Capital 24.50% by Edison Capital Housing Investments Housing Investments
291 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Lee Park Investors LP Liberty House Assoc LP LINC-Bristol Assoc I, LP (City Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $29,071 $45 $1,074 Revenues $7,067 $3 $319 Net Income (Loss) $162 ($2) ($51) Ownership Interest(s): 99.00% by Mission Housing 99.00% by Corporations 99.00% by Edison Capital Alpha for Affordable Housing LP Housing Partners VI LP II
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Mackenzie Park Assoc LP Madison/Mollison LP (Park Maple Ridge Development Mollison) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $17 $10,676 $24 Revenues $1 $491 $2 Net Income (Loss) - ($80) ($1) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Corporations for Affordable Housing LP Housing Investments for Affordable Housing LP II
293 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Maplewood School Apts LP Mar Assoc LP (Frank Mar) Marlton Residences Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,727 $20,854 - Revenues $162 $711 - Net Income (Loss) ($205) ($423) - Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Omicron Inc. Housing Investments
294 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MAS-WT LP (Washington Mason St Enterprises LP Mayacamas Village Assoc LP Terrace) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $627 $14 $7,174 Revenues $227 $2 $314 Net Income (Loss) ($123) - ($149) Ownership Interest(s): 99.00% by Edison Capital 1.00% by John Stewart 99.00% by MHICAL 94 LP Housing Partners VI LP Company
295 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: McFarland Press Assoc LP Mercantile Housing LLC Mercy Housing California (Mercantile Square) III LP (3rd & Reed) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,641 $8,164 $57 Revenues $199 $1,845 $4 Net Income (Loss) ($160) ($471) ($2) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by MHIFED 95 LP Omicron Inc. Omicron Inc.
296 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Mercy Housing California Mercy Housing California Mercy Housing California IV LP (Vista Grande) VI LP (205 Jones) IX LP (Sycamore) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $569 $4,508 $19,568 Revenues $34 $247 $383 Net Income (Loss) ($19) ($204) ($441) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 95 LP 99.00% by Edison Capital Housing Partners V LP Housing Partners X LP
297 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Merrill Road Assoc LP Metro Senior Assoc LP MH I LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,993 $36 $1,051 Revenues $87 $3 $8 Net Income (Loss) ($84) ($2) ($128) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHIFED 96A LP 1.00% by Edison Capital Omicron Inc. Housing Investments 99.00% by Edison Funding Omicron Inc.
298 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MH II LP MH III LP MH IV LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $206 $682 $560 Revenues - $14 $17 Net Income (Loss) ($66) ($422) ($386) Ownership Interest(s): 1.00% by Edison Capital 1.00% by Edison Capital 1.00% by Edison Capital Housing Investments Housing Investments Housing Investments 99.00% by Mission Housing 99.00% by Mission Housing 99.00% by Mission Housing Delta Delta Delta
299 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MH V LP MHIFED 94 LP MHICAL 94 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,546 $465 $23,468 Revenues $7 $1 $140 Net Income (Loss) ($371) ($30) ($1,485) Ownership Interest(s): 1.00% by Edison Capital 1.00% by Edison Capital 1.00% by Edison Capital Housing Investments Housing Investments Housing Investments 99.00% by Mission Housing 99.00% by Edison Funding Delta Omicron Inc.
300 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MHIFED 95 LP MHICAL 95 LP MHIFED 96 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $531 $31,422 $1,374 Revenues $1 $70 $2 Net Income (Loss) ($37) ($2,160) ($100) Ownership Interest(s): 1.00% by Edison Capital 1.00% by Edison Capital 5.00% by Edison Capital Housing Investments Housing Investments Housing Investments 99.00% by Edison Funding Omicron Inc.
301 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MHIFED 96A LP MHICAL 96 LP MHIFED 97 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $419 $9,456 - Revenues - $28 - Net Income (Loss) ($24) ($1,729) - Ownership Interest(s): 1.00% by Edison Capital 1.00% by Edison Capital 1.00% by Edison Capital Housing Investments Housing Investments Housing Investments 99.00% by Edison Funding 99.00% by MHIFED 97 Omicron Inc. Company
302 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: MHICAL 97 LP Mid-Peninsula Century Mid-Peninsula Sharmon Village Assoc LP (Century Palms Assoc LP (Sharmon Village) Palms) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,415 $6,105 $5,567 Revenues $19 $814 $201 Net Income (Loss) ($456) ($79) ($82) Ownership Interest(s): 1.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Capital Housing Investments Omicron Inc. Housing Investments 99.00% by MHICAL 97 Company
303 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Mission Capp LP Mission Housing Investors Mission Housing Partnership Partnership 1996 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,722 $1,446 $15,278 Revenues $395 $2 $34 Net Income (Loss) ($190) ($107) ($924) Ownership Interest(s): 99.00% by Edison Funding 5.00% by Mission Housing 1.00% by Edison Capital Omicron Inc. Theta Housing Investments 99.00% by Edison Funding Omicron Inc.
304 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Monterra Village Assoc LP Morgan Hill Ranch Housing Morrone Gardens Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,228 $1,813 $32 Revenues $213 $3 $6 Net Income (Loss) ($152) ($19) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MHIFED 94 LP Housing Partners IX LP Housing Partners X LP
305 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Mountain View Apts LP Mountain View Townhomes MPT Apts LP (MacArthur Assoc LP Park) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5 $1,057 $5,882 Revenues $2 $40 $930 Net Income (Loss) - ($24) ($269) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by MH IV LP Housing Partners VII LP Housing Partners VII LP 0.26% by John Stewart Company
306 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: National Boston Lofts Neary Lagoon Partners LP North Park Village LLC Assoc LLLP (Boston Lofts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,769 $3,670 $2,189 Revenues $1,121 $509 $134 Net Income (Loss) ($306) ($383) ($78) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Funding Housing Investments Omicron Inc. Omicron Inc.
307 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: North Town Housing Northwood Manor Assoc LP Oak Forest Assoc LP Partners LP (Villa del Norte Village) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $564 $1,037 $766 Revenues $24 $28 $20 Net Income (Loss) ($19) ($46) ($17) Ownership Interest(s): 99.00% by MHIFED 96 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VI LP Housing Partners VII LP
308 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Oakdale Terrace Leased Oceanside Gardens LP Ohlone Housing Assoc LP Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,182 $2,780 $530 Revenues $174 $87 $87 Net Income (Loss) ($44) ($43) ($22) Ownership Interest(s): 98.99% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Capital Housing Investments Omicron Inc. Housing Partners VIII LP 0.01% by Mission Funding Theta
309 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Olive Court Apts LP Olive Court Housing Assoc OL Hope LP (Olympic Hope) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,995 - - Revenues $357 - - Net Income (Loss) ($223) - - Ownership Interest(s): 98.90% by Edison Capital 0.6% by Edison Funding 99.90% by Edison Capital Housing Investments Olive Court Housing Investments 0.1% by Mission Funding Omicron
310 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Omaha Amber Ridge LP Ontario Senior Housing LP Open Door Assoc LP (West (Amber Ridge) (Ontario Plaza) Valley) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $13,638 $1,789 $14,819 Revenues $566 $52 $442 Net Income (Loss) ($318) ($78) ($155) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Capital 99.00% by Edison Funding Omicron Inc. Housing Investments Omicron Inc.
311 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Osage Terrace LP Oxnard Housing Assoc LP Pacific Terrace Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,466 $95 - Revenues $42 $3 - Net Income (Loss) ($31) ($1) - Ownership Interest(s): 99.89% by Edison Capital 99.00% by MHIFED 96A LP 99.00% by Edison Capital Housing Partners XII LP Housing Partners IX LP
312 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Pacifica Community Assoc Pajaro Court Assoc LP Palmer House LP LP (Villa Pacifica) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,608 $98 $7,884 Revenues $304 $1 $197 Net Income (Loss) ($117) - ($44) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHIFED 94 LP 99.00% by Edison Funding Housing Partners X LP Omicron Inc.
313 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Paradise Road Partners LP Park Land Senior Apts Park Place 1998, LLC (Gateway Village) Investors LP (Banducci) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $318 $3,013 - Revenues $45 $55 - Net Income (Loss) ($20) ($76) - Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Partners VII LP Housing Partners XIII LP Housing Investments
314 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Park Place Terrace LP Park Williams Partners LP Parkside Assoc LP (Parkside Garden) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,035 - $65 Revenues $47 - $3 Net Income (Loss) ($39) - ($2) Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.00% by Corporations Housing Partners V LP Housing Investments for Affordable Housing LP
315 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Parkview Apts Assoc LP Parsonage Cottage Senior Pecan Court Assoc LP (Parkview/ Sunburst) Residence LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $48 $4,119 Revenues - $7 $26 Net Income (Loss) - ($4) ($37) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Corporations 99.00% by Edison Capital Housing Investments for Affordable Housing LP Housing Investments II
316 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Pellettieri Homes Urban Persimmon Assoc LP Piedmont Housing Assoc Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,660 $13,052 $146 Revenues $82 $127 $10 Net Income (Loss) ($373) ($73) ($7) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Capital 99.00% by Corporations Omicron Inc. Housing Partners X LP for Affordable Housing LP III
317 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Pilot Grove LP Pinewood on Wisconsin Apts Pines Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,623 - $36 Revenues $594 - $3 Net Income (Loss) ($676) - ($1) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Investments for Affordable Housing LP
318 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Pines Housing II LP Pines Housing III LP Pinmore Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $23 $27 $4,904 Revenues $2 $2 $394 Net Income (Loss) ($1) ($193) Ownership Interest(s): 99.00% by Corporations 99.00% by Corporations 99.00% by MHICAL 95 LP for Affordable Housing LP for Affordable Housing LP III
319 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Pinole Grove Assoc LP Piper Court LP Poco Way Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $53 $849 $232 Revenues $4 $287 $46 Net Income (Loss) ($1) $249 ($14) Ownership Interest(s): 99.00% by MHIFED 95 LP 50% by John Stewart 99.00% by MHIFED 96 LP Company
320 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Post Office Plaza LP Preservation Properties I Preservation Properties LP II LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,448 $3,877 $3,426 Revenues $10,192 $233 $263 Net Income (Loss) $632 $39 $39 Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Investments Housing Investments Housing Investments
321 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Preservation Properties Preservation Properties Preservation Properties V III LP IV LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,716 $826 $5,272 Revenues $131 $68 $297 Net Income (Loss) $7 $9 $44 Ownership Interest(s): 99.90% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Investments Housing Investments Housing Investments
322 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: President John Adams Prince Bozzuto LP Project Home I LLC Manor Apts LP (Fairground Commons) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $19,049 $486 - Revenues $459 $64 - Net Income (Loss) ($123) ($19) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Mission Housing 99.99% by Edison Capital Housing Partners XIII LP Investors Partnership Housing Investments
323 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Providence-Brown St PVA LP (Park Victoria) Rancho Park Assoc LP Housing LP (Brown St) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,174 $6,321 $552 Revenues $18 $319 $17 Net Income (Loss) ($13) ($26) ($9) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Partners X LP Housing Partners IX LP Investors Partnership
324 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Red Lake LP #1 Reseda Village LP Richmond City Center Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,628 $65 $6,141 Revenues $10 $3 $396 Net Income (Loss) ($26) ($1) ($196) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHIFED 96A LP 99.00% by Edison Funding Housing Investments Omicron Inc.
325 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Rincon De Los Esteros Rittenhouse School LP Riverside/ Liebrandt Assoc LP Partners LP (La Playa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,227 $47 $4,570 Revenues $2,279 $2 $74 Net Income (Loss) ($396) ($2) ($85) Ownership Interest(s): 99.00% by MHICAL 94 LP 99.00% by Corporations 99.00% by Edison Funding for Affordable Housing LP Omicron Inc. II
326 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: River Walk Apts Homes LP Riverwalk Apts, Ltd Roebling Village Inn (Colorado) Urban Renewal LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,107 $10,482 $2,503 Revenues $41 $409 $52 Net Income (Loss) ($13) ($245) ($74) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Partners V LP Housing Partners XIII LP Omicron Inc.
327 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Rosebloom Assoc LP Rosecreek Senior Living LP Round Walk Village Apts LP (Oakshade) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,321 $3,755 $43 Revenues $181 $890 $9 Net Income (Loss) ($109) ($219) ($2) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by MHIFED 96A LP Omicron Inc. Housing Partners XIII LP
328 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Rustic Gardens Assoc LP Salem Lafayette Urban San Diego Golden Villa Renewal Assoc LP Partners LP (Golden Villa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,268 $58 $8 Revenues $6 $4 - Net Income (Loss) ($4) $2 - Ownership Interest(s): 99.00% by Mission Housing 99.00% by Corporations 99.00% by Edison Capital Investors Partnership for Affordable Housing LP Housing Partners V LP III
329 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: San Juan Commons 1996 LP San Martin de Porres LP San Pablo Senior Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,629 - $4,356 Revenues $6 - $316 Net Income (Loss) ($113) - ($124) Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.00% by Edison Funding Housing Partners X LP Housing Investments Omicron Inc.
330 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: San Pedro Gardens Assoc LP Santa Alicia Family Santa Alicia Gardens Housing Assoc Townhomes LP (The Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,481 $25 $2,276 Revenues $117 $1 $24 Net Income (Loss) ($126) ($1) ($9) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHIFED 96A LP 99.00% by Edison Capital Omicron Inc. Housing Partners V LP
331 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Santa Paulan Senior Apts Saratoga Vacaville LP Schoolhouse Court Housing Assoc LP (The Paulan) (Saratoga Senior) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,742 - $3,417 Revenues $849 - $59 Net Income (Loss) ($111) - ($82) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by Edison Capital Omicron Inc. Housing Investments Housing Investments
332 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Sea Ranch Apts LP Seasons Affordable Senior Second St Center LP Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,558 $410 $39 Revenues $9 $22 $3 Net Income (Loss) ($4) ($11) ($1) Ownership Interest(s): 99.00% by Mission Housing 99.00% by MHIFED 96 LP 99.00% by MHIFED 95 LP Investors Partnership
333 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Serena Sunbow LP (Villa Sherman Glen, LLC Shiloh Arms LP Serena) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $3,280 $80 Revenues - $507 $76 Net Income (Loss) - ($235) ($2) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 1%GP/9.8%LP by John Housing Investments Housing Partners IX LP Stewart Company
334 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Silver City Housing LP Silver Lake Properties LP Sky Parkway Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $67 $434 $7,412 Revenues $13 $35 $372 Net Income (Loss) ($4) ($14) ($196) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by MHICAL 96 LP for Affordable Housing LP Housing Partners VI LP II
335 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Smyrna Gardens Assoc LP Solinas Village Partners South 55th St LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $25 $20 $29 Revenues $3 $2 $1 Net Income (Loss) ($2) ($1) - Ownership Interest(s): 99.00% by Corporations 99.00% by MHIFED 95 LP 99.00% by Corporations for Affordable Housing LP for Affordable Housing LP II
336 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: South Beach Housing Assoc South Winery Assoc LP Southern Hotel LP LP (Steamboat Point) (The Winery Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $19,780 $1,830 - Revenues $707 $939 - Net Income (Loss) ($331) ($231) - Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.90% by Edison Capital Omicron Inc. Omicron Inc. Housing Investments
337 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Springdale Kresson Assoc Springdale Preservation Spring Valley Commons LP (Jewish Federation) LP (Springdale West) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $328 - $61 Revenues $26 - - Net Income (Loss) ($15) - - Ownership Interest(s): 99.00% by Mission Housing 99.90% by Edison Capital 99.00% by Corporations Investors Partnership Housing Investments for Affordable Housing LP III
338 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Stevenson Housing Assoc St. Hedwigs Gardens St. John's LP (Park Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $48 $278 $275 Revenues - $26 $287 Net Income (Loss) - ($15) $13 Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 1%GP/19.6%LP by John for Affordable Housing LP Housing Partners V LP Stewart Company III
339 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Stoney Creek Assoc LP Stony Point Apt Investors Strobridge Housing Assoc LP (Panas Place) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,031 $11,326 $4,449 Revenues $421 $337 $562 Net Income (Loss) ($331) ($297) ($499) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by Edison Capital Omicron Inc. Housing Partners XI LP Housing Partners IX LP
340 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Studebaker Building LP Sultana Acres Assoc LP Sunset Creek Partners LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $778 $1,903 $1,135 Revenues $234 $140 $504 Net Income (Loss) ($127) ($89) ($252) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by MHICAL 95 LP Omicron Inc. Omicron Inc.
341 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Sunshine Terrace LP Tabor Grand LP Terra Cotta Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,461 $1,771 - Revenues $20 $222 - Net Income (Loss) ($27) ($151) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.90% by Edison Capital Housing Partners V LP Housing Investments Housing Investments
342 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: The IBEX Group GP Thomson Rental Housing LP Three Oaks Housing LP (Washington Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $224 $9,076 $48 Revenues $7 $188 $3 Net Income (Loss) ($19) ($55) ($1) Ownership Interest(s): 10.00% by John Stewart 99.00% by Edison Funding 99.00% by MHIFED 95 LP Company Omicron Inc.
343 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Tierra Linda Assoc LP Timber Sound, Ltd Timber Sound II, Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $89 $30,655 $9,727 Revenues $1 $466 $219 Net Income (Loss) ($1) ($109) ($169) Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners X LP Housing Partners X LP
344 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Tioga Gardens LP Tlaquepaque Housing Assoc Trinity Park Apts LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $44 $39 $2,844 Revenues $2 $4 $37 Net Income (Loss) ($1) ($1) ($89) Ownership Interest(s): 99.00% by Corporations 99.00% by MHIFED 94 LP 99.00% by Edison Capital for Affordable Housing LP Housing Partners X LP
345 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Trolley Terrace Townhomes Tuscany Assoc LP (Tuscany Twin Ponds Apts LP LP Villa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,920 $1,114 $10,815 Revenues $61 $231 $809 Net Income (Loss) ($126) ($145) ($244) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Capital Housing Partners IX LP Omicron Inc. Housing Partners XIII LP
346 E dison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Union Meadows Apts University Park Upland Senior Housing LP Properties LP (Coy D. Estes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,535 $1,067 $610 Revenues $127 $24 $104 Net Income (Loss) ($307) ($36) ($32) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners V LP Housing Partners VI LP Housing Partners VI LP
347 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Venbury Trail LP Villa Maria Housing Village East Apts LP Partnership - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,049 $5,632 $20 Revenues $423 $117 $23 Net Income (Loss) ($137) ($129) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 3% by John Stewart Company Housing Partners X LP Omicron Inc.
348 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Vine St Court LP Vine St Court LP II Vista Properties LLC (Vista View) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,271 $24 $878 Revenues $248 $1 $46 Net Income (Loss) ($71) - ($81) Ownership Interest(s): 99.00% by MHIFED 96A LP 99.00% by MHIFED 96A LP 99.00% by Edison Capital Housing Partners VI LP
349 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Vista Sonoma Senior Vista Verde Townhomes II W.M. Housing Assoc LP Living LP LLC (Williamsport Manor - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $7,924 $62 Revenues - $60 $9 Net Income (Loss) - ($77) ($4) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Investments Housing Partners VI LP for Affordable Housing LP II
350 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Walden Pond Ltd LP Wall Street Palmer House Walnut Ave Partnership LP (Hamlet) LP (Palmer Hotel) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $220 $6,859 $13,885 Revenues $20 $29 - Net Income (Loss) ($10) ($19) - Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Partners XI LP Housing Partners IX LP
351 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Washington Creek Assoc LP West Capital Courtyard LP Westfair LLC (Cedar Ridge) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,315 $4,547 - Revenues $196 $289 - Net Income (Loss) ($136) ($192) - Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHICAL 94 LP 99.90% by Edison Capital Omicron Inc. Housing Investments
352 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Westfield Condominium Westgate Townhomes Assoc West Oaks Apts LP Investment LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,748 $4,368 - Revenues $149 $208 - Net Income (Loss) $52 ($143) - Ownership Interest(s): 98.99% by Edison Capital 99.00% by MHICAL 96 LP 99.90% by Edison Capital Housing Investments Housing Partners XII LP 0.01% by Mission Funding Theta
353 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Westport Village Homes West Valley Hart LP (Hart Wheeler Manor Assoc LP Assoc LP & Alabama) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,121 - $3,125 Revenues $123 - $633 Net Income (Loss) ($34) - ($302) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by Edison Funding Omicron Inc. Housing Investments Omicron Inc.
354 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: White Mountain Apache Wilmington Housing Assoc Wingate LLC (Regency Park) Housing LP (New Harbor Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,889 - - Revenues $52 - - Net Income (Loss) ($47) - - Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Investments Housing Partners XI LP Housing Investments
355 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Winfield Hill Assoc LP Winnsboro Apts LP (Deer Women's Westlake LP Wood) (Dorothy Day) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,716 - $4,771 Revenues $1,119 - $103 Net Income (Loss) ($292) - ($96) Ownership Interest(s): 99.00% by MHICAL 94 LP 99.00% by Corporations 99.00% by Edison Capital for Affordable Housing LP Housing Partners XIII LP II
356 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: Woodhaven Senior Woodland Arms Apts, Ltd Woodleaf Village LP Residences LP (Willow Creek) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $21 $623 $2,682 Revenues $4 $142 $67 Net Income (Loss) ($1) ($138) ($124) Ownership Interest(s): 1.00% by John Stewart 99.00% by Edison Capital 98.99% by Edison Capital Company Housing Partners VII LP Housing Partners XIII LP 0.01% by Mission Funding Theta
357 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1999 (In thousands)
Name of Entity: WPA/Edison LLC (Pier A) Yale Street LP YWCA Villa Nueva Partners - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,817 $2,317 Revenues - $11 $336 Net Income (Loss) - ($28) ($151) Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.00% by Edison Funding Housing New York Housing Partners XII LP Omicron Inc.
358 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: ABB Funding Partners LP AIG Asian Infrastructure AIG-GE Capital Latin Fund II LP American Infrastructure Fund LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $74 $26,587 $28,267 Revenues $2 $107 $383 Net Income (Loss) - ($1,353) ($857) Ownership Interest(s): 14.27% by Mission Funding 5.80% by Edison Capital 8.00% by Edison Capital Kappa Latin American Latin American Investments (Bermuda) Ltd. Investments (Bermuda) Ltd.
359 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: AIG Emerging Europe AIG Emerging Europe Electricidad de La Paz, Infrastructure Fund LP Infrastructure Management S.A. (Electropaz) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 18.05% by Edison Capital 23.60% by Edison Capital 10% by Edison Capital Latin American Latin American International (Bermuda) Investments (Bermuda) Ltd. Investments (Bermuda) Ltd. Ltd.
360 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: EPZ Mission Funding Mu EPZ Mission Funding Nu GEM Energy Company Trust Trust - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $1,351 Revenues - - $338 Net Income (Loss) - - $171 Ownership Interest(s): 100% by Mission Funding Mu 100% by Mission Funding Nu 50.00% by Mission Funding Epsilon
361 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: HpC King's College Huntington LP Lakota Ridge LLC Hospital (Holdings) Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $106,381 $11,174 Revenues - $5,216 $300 Net Income (Loss) - $1,088 - Ownership Interest(s): 20.00% by Edison Capital 50.00% by Mission Funding 75.00% by Mission Funding (Netherlands) Investments Zeta Zeta B.V.
362 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: Lyonnaise Latin America Olmeca Cable Investments Shaokatan Hills LLC Water Corporation Ltd. Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $12,723 Revenues - - $365 Net Income (Loss) - - $21 Ownership Interest(s): 25.8% by Edison Capital 21.7% by Edison Capital 75.00% by Mission Funding International (Bermuda) International (Bermuda) Zeta Ltd Ltd.
363 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: Summit Holdings (Law) Storm Lake Power Partners Trinidad and Tobago Limited (Law Hospital) Methanol Co Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $184,136 $2,400 Revenues - $1,718 $423 Net Income (Loss) - ($3,538) $423 Ownership Interest(s): 20% by Edison Capital 99.00% by Mission Iowa 1.0% by Edison Capital (Netherlands) Investments Wind Company LAI (Bermuda) Ltd. B.V.
364 Edison Capital Equity Investments December 31, 1999 (In thousands)
Name of Entity: Woodstock Hills LLC - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,166 - - Revenues $388 - - Net Income (Loss) $12 - - Ownership Interest(s): 75.00% by Mission Funding Zeta
Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Associated Calabasas Carol Stream Southern Palatino, Inc. Developers G.P. Investment Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $598 - - Receivables - net 6,607 $1,045 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7,205 1,045 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (866) (1,786) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (866) (1,786) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,339 ($741) - ============================================================= ==================== ==================== ====================
366 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $8 Receivables - net - $349 42,908 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - 56 - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 405 42,916 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $405 $42,916 ============================================================= ==================== ==================== ====================
367 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - $410 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - 222 Regulatory balancing accounts - net - - - Prepayments and other current assets - - 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 641 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $641 ============================================================= ==================== ==================== ====================
368 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $383 $88 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 383 88 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $383 $88 - ============================================================= ==================== ==================== ====================
369 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12,263 - $12,869 Receivables - net (36,784) ($11,337) 3,669 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 2,623 (2,901) - Regulatory balancing accounts - net - - - Prepayments and other current assets (180) 180 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (22,078) (14,058) 16,547 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 76,926 3,656 77,930 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 27,465 (27,465) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 104,391 (23,809) 77,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges 1,157 (1,157) - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 521 16,750 17,271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,678 15,593 17,271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $83,991 ($22,274) $111,748 ============================================================= ==================== ==================== ====================
370 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Associated Southern Calabasas Carol Stream Investment Company Palatino, Inc. Developers G.P. (Inactive) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $1,729 $309 - Accrued taxes - - - Accrued interest - 116 - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 1,729 425 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,202 52 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities (46) 957 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 2,156 1,009 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Common stock 1 - - Additional paid-in capital 1,240 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 1,213 (2,175) - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 2,454 (2,175) - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $6,339 ($741) - ================================================================= ===================== ==================== ====================
371 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Centrelake Partners Irwindale Land Mission Airport LP Company (Inactive) Park Development Company - ----------------------------------------------------------------- --------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - ($9,611) $6,695 Accrued taxes - - - Accrued interest - 430 842 Dividends payable - - - Deferred unbilled revenue and other current liabilities - - 5 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities - ($9,181) 7,542 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (252) 1,363 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 3,044 (7,962) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities - 2,792 (6,599) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Common stock - - 1 Additional paid-in capital - - 45,081 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - 6,794 (3,109) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity - 6,794 41,973 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $405 $42,916 ================================================================= ===================== ==================== ====================
372 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $1 - $19,796 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - 10 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 1 - 19,806 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (6,222) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - 8 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities - - (6,214) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - (21,187) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (1) - 8,236 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity ($1) - (12,951) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $641 ================================================================= ===================== ==================== ====================
373 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - $729 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Deferred unbilled revenue and other current liabilities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities - 729 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net $291 186 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 72 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 291 258 - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 32 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 92 (931) - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 92 (899) - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $383 $88 - ================================================================= ===================== ==================== ====================
374 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Land Company Consolidating Mission Land Adjustments Company Consolidated - ----------------------------------------------------------------- --------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable ($10,448) ($8,980) $220 Accrued taxes - 372 372 Accrued interest (1,388) - - Dividends payable - - - Deferred unbilled revenue and other current liabilities 420 890 1,325 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities (11,416) (7,718) 1,917 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net (6,590) 8,970 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 965 (965) - Other long-term liabilities 9,502 (158) 5,417 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 3,877 7,847 5,417 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Common stock - (2) - Additional paid-in capital 87,115 (9,700) 102,581 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 4,415 (12,701) 1,833 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 91,530 (22,403) 104,414 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $83,991 ($22,274) $111,748 ================================================================= ===================== ==================== ====================
375 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Associated Calabasas Palatino, Carol Stream Southern Inc. (Inactive) Developers G.P. Investment Company - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $703 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue 703 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses 3 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income 700 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income - - - Other nonoperating income (deductions) - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total other income - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before fixed charges and taxes 700 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total fixed charges - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Minority interest - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes 700 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income taxes 750 ($1,648) - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income (50) 1,648 - Retained earnings - beginning of year 1,263 (3,823) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $1,213 ($2,175) - ================================================================ ==================== ===================== ====================
376 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $23 Depreciation, decommissioning and amortization - - - Property and other taxes - - (16) Net loss (gain) on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses - - 7 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income - - (7) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income - - - Other nonoperating income (deductions) - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total other income - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before fixed charges and taxes - - (7) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total fixed charges - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Minority interest - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes - - (7) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income taxes - ($3,055) 3,430 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income - 3,055 (3,437) Retained earnings - beginning of year - 3,739 328 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year - $6,794 ($3,109) ================================================================ ==================== ===================== ====================
377 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income - - - Other nonoperating income (deductions) - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total other income - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before fixed charges and taxes - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total fixed charges - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Minority interest - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income taxes ($1) - ($7,114) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income 1 - 7,114 Retained earnings - beginning of year (2) - 1,122 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year ($1) - $8,236 ================================================================ ==================== ===================== ====================
378 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income - - - Other nonoperating income (deductions) - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total other income - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before fixed charges and taxes - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total fixed charges - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Minority interest - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income taxes ($340) - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income 340 - - Retained earnings - beginning of year (248) ($931) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $92 ($931) - ================================================================ ==================== ===================== ====================
379 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other $9,766 - $10,469 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue 9,766 - 10,469 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 7,721 ($4) 7,743 Depreciation, decommissioning and amortization 451 - 451 Property and other taxes 2,204 3 2,191 Net loss (gain) on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses 10,376 (1) 10,385 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income (610) 1 84 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income 138 (1) 137 Other nonoperating income (deductions) - net - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total other income - net 138 (1) 137 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before fixed charges and taxes (472) - 221 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total fixed charges - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Minority interest - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes (472) - 221 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income taxes 9,287 (1,434) (125) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income (9,759) 1,434 346 Retained earnings - beginning of year 14,174 (14,135) 1,487 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $4,415 ($12,701) $1,833 ================================================================ ==================== ===================== ====================
380 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - $12 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $12 - ============================================================= ==================== ==================== ====================
381 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $12 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 - - ============================================================= ==================== ==================== ====================
382 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3 - ($3) Accrued taxes - - - Accrued interest - $150 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3 150 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 8,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 8,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 3,000 - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (3) (11,839) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($3) (8,839) $3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $12 - ============================================================= ==================== ==================== ====================
383 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest $150 - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 150 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 8,701 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,701 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 3,000 - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (11,839) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (8,839) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $12 - - ============================================================= ==================== ==================== ====================
384 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $109 - Depreciation, decommissioning and amortization - - - Property and other taxes - 1 - Net loss (gain) on sale of utility plant - 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 122 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (122) - Other utility operating income-net - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - 1,004 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 1,004 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 882 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 882 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 113 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 769 - Retained earnings - beginning of year ($3) (12,608) $3 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) ($11,839) $3 ============================================================= ==================== ==================== ====================
385 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $109 - - Depreciation, decommissioning and amortization 1 - - Property and other taxes 12 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 122 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (122) - - Other utility operating income-net Interest and dividend income - - - Other nonoperating income (deductions)-net 1,004 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 1,004 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 882 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 882 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 113 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 769 - - Retained earnings - beginning of year (12,608) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($11,839) - - ============================================================= ==================== ==================== ====================
Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5 $2 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,667 10,272 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 10,667 10,272 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,672 $10,278 - ============================================================= ==================== ==================== ====================
387 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships $1,024 and unconsolidated subsidiaries - - Investments in leveraged leases - - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,024 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $1,024 - ============================================================= ==================== ==================== ====================
388 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $24 $16 Receivables - net - 329 5 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 30 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 383 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 110,754 16,278 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 110,754 16,278 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 18,583 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 18,583 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $129,720 $16,299 ============================================================= ==================== ==================== ====================
389 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
390 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
391 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 4,996 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,996 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,003 - - ============================================================= ==================== ==================== ====================
392 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - $88 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 88 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $6,215 14,272 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,215 14,272 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,215 $14,360 - ============================================================= ==================== ==================== ====================
393 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Fuel Consolidated Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $7 - Receivables - net - (1) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - $661 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 49,173 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 49,173 661 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $49,179 $661 ============================================================= ==================== ==================== ====================
394 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Funding Energy Global Energy Interface Corp. Management, Inc. Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Cash and equivalents - $8,738 - Receivables - net $44,993 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 44,993 8,738 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 616,773 $357 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 616,773 357 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,364 11,941 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,364 11,941 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $364,357 $637,452 $357 ============================================================= ==================== ==================== ====================
395 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Transpor- Fuel Resources, Financial tation, Inc. Inc. Marketing & Trading Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $3,209 Receivables - net - - 16 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 2,488 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 3,406 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 3,406 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $9,119 ============================================================= ==================== ==================== ====================
396 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Marketing & Holdings Co. Operation & Trading, Inc. [4] Consolidated Maintenance, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,066 $44,510 $285 Receivables - net 51,507 114 5,112 Fuel inventory - 20,837 - Materials and supplies, at average cost - 26,130 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (1) 1,187 120 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 53,572 92,778 5,517 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 382 1,876,892 28 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 382 1,876,892 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 11,766 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,766 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $53,954 $1,981,436 $5,569 ============================================================= ==================== ==================== ====================
397 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission El Dorado Energy EMP Inc. (Inactive) Project Co. Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - $72 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 72 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $443,358 (163) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 443,358 (163) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $443,358 ($91) - ============================================================= ==================== ==================== ====================
398 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Four Counties Gas Global Power Hanover Energy Company (Inactive) Investors, Inc. Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $15 Receivables - net - - 22 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 37 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 10,522 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 10,522 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $10,559 ============================================================= ==================== ==================== ====================
399 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Holtsville Energy Indian Bay Energy Jefferson Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
400 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Kings Canyon Kingspark Energy Laguna Energy Energy Company Company Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
401 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
La Jolla Energy Lakeview Energy Lehigh River Company (Inactive) Company Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
402 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Longview Madera Energy Madison Energy Cogeneration Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $29,076 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 29,076 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $29,076 ============================================================= ==================== ==================== ====================
403 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Midwest Generation Mission Capital LP Mission/Eagle EME, LLC Energy Company Consolidated (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $41,692 - - Receivables - net 94 - - Fuel inventory 74,991 - - Materials and supplies, at average cost 14,166 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 809 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 131,752 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 4,264,574 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,264,574 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 28,740 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 28,740 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,425,066 - - ============================================================= ==================== ==================== ====================
404 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Mission Energy Mission Energy Construction Generation, Inc. Holdings, Inc. Services, Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $5,313 - ($1) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 5,313 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 5,478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 5,478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,313 - $5,477 ============================================================= ==================== ==================== ====================
405 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy EME UK Mission Energy Holdings International LLC Indonesia International Inc. (4) (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $293,844 - - Receivables - net 203,237 - - Fuel inventory 95,399 - - Materials and supplies, at average cost 27,341 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 25,988 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 645,809 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 5,914,964 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 559,693 $443,358 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,474,657 443,358 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 408,586 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 408,586 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,529,052 $443,358 - ============================================================= ==================== ==================== ====================
406 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Mission Energy New Mission Energy Mexico (Inactive) York, Inc. Wales Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $42 $20 Receivables - net - 42 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 851 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 84 871 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 89,959 201,463 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 89,959 201,463 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $90,043 $202,334 ============================================================= ==================== ==================== ====================
407 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Operations Mission Triple North Jackson de Mexico, S.A. de Cycle Systems Energy Company C.V. Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
408 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Northern Sierra Ortega Energy Panther Timber Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
409 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Paradise Energy Pleasant Valley Prince George Company (Inactive) Energy Company Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $9 $12 Receivables - net - - 14 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 9 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 2,887 18,702 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,887 18,702 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $2,896 $18,728 ============================================================= ==================== ==================== ====================
410 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Quartz Peak Energy Rapidan Energy Reeves Bay Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18 - Receivables - net $5 21 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 18 39 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 13,079 622 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 13,079 622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $13,097 $661 - ============================================================= ==================== ==================== ====================
411 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Ridgecrest Energy Rio Escondido Riverport Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $32 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 32 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $32 - ============================================================= ==================== ==================== ====================
412 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Gabriel Energy San Joaquin Energy San Juan Energy Company (Inactive) Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 - Receivables - net $49 17 $4 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 20 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 49 38 21 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 54,494 18,957 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 54,494 18,957 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 7,241 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 7,241 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $49 $61,773 $18,978 ============================================================= ==================== ==================== ====================
413 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pedro Energy Santa Ana Energy Santa Clara Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
414 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Silverado Energy Silver Springs Sonoma Geothermal Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,952 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,952 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,957 - - ============================================================= ==================== ==================== ====================
415 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
South Coast Energy Southern Sierra Thorofare Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 $74 - Receivables - net 6 17 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 31 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7 122 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 30,618 48,620 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 30,618 48,620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 9,581 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 9,581 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $30,625 $58,323 - ============================================================= ==================== ==================== ====================
416 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Viejo Energy Vista Energy Western Sierra Company Company (Inactive) Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 $6 $77 Receivables - net - 1,219 7 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 4 - 35 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 1,225 119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,819 - 66,685 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 10,819 - 66,685 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 11,548 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 11,548 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,824 $1,225 $78,352 ============================================================= ==================== ==================== ====================
417 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3,985 - $398,695 Receivables - net 3,814 ($44,987) 265,816 Fuel inventory - - 191,227 Materials and supplies, at average cost - - 67,637 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,382 (2) 33,984 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,181 (44,989) 957,359 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 61,427 - 12,122,334 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 5,943,858 (6,900,776) 1,940,876 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,005,285 (6,900,776) 14,063,210 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 9,407 (328,607) 513,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,407 (328,607) 513,652 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,024,873 ($7,274,372) $15,534,221 ============================================================= ==================== ==================== ====================
418 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($17,232) $923 $1 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (17,232) 924 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 28,669 1,669 (53) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 28,669 1,669 (53) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 7,868 8,278 40 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (8,633) (593) 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (765) 7,685 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $10,672 $10,278 - ============================================================= ==================== ==================== ====================
419 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $511 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 511 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($4) 191 ($4) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (4) 191 (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 14 4,627 13 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (10) (4,305) (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $4 322 $4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $1,024 - ============================================================= ==================== ==================== ====================
420 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $37,754 - Accounts payable ($52) (298,546) ($1,466) Accrued taxes - - - Accrued interest - 7,202 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - 14 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (52) (253,576) (1,466) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 319,364 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 52 24,265 14,251 Accumulated deferred investment tax credits - 7,140 1,895 Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $52 31,405 16,146 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 13,716 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - 18,811 1,619 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 32,527 1,619 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $129,720 $16,299 ============================================================= ==================== ==================== ====================
421 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($44) ($15) $1 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (44) (15) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 44 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $44 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 1,533 141 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (1,518) (142) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - $15 ($1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
422 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital $5 $4 $5 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings ($5) ($4) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
423 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $403 $1 ($242) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 404 1 (242) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,321 - (9) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,321 - (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 4,755 1 4 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (2,477) (2) 247 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,278 ($1) $251 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,003 - - ============================================================= ==================== ==================== ====================
424 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($215) ($97) $1 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (215) (97) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,985 1,772 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,985 1,772 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 11,907 9,153 7 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9,462) 3,532 (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,445 12,685 ($1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $6,215 $14,360 - ============================================================= ==================== ==================== ====================
425 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Fuel Consolidated Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - $903 Accrued taxes - ($37,638) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - 757 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (36,881) 903 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 16,437 10 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 16,437 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 27,124 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - 42,499 (252) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 69,623 (252) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $49,179 $661 ============================================================= ==================== ==================== ====================
426 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Funding Energy Global Energy Interface Corp. Management, Inc. Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - Current portion of long-term debt $37,754 - - Accounts payable - $4,336 $45 Accrued taxes - 863 (10) Accrued interest 7,202 - - Dividends payable - 659 - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 37 2,695 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 44,993 8,553 35 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 319,364 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (215) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (215) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - 208,840 - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 208,840 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 118,054 - Additional paid-in capital 343,559 315 Accumulated other comprehensive income: Cumulative translation adjustments - net - (32,987) (42) Unrealized gain in equity securities-net - - Retained earnings - (8,352) 49 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 420,274 322 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $364,357 $637,452 $357 ============================================================= ==================== ==================== ====================
427 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Transpor- Fuel Resources, Financial tation, Inc. Inc. Marketing & Trading Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - $9,623 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - 2,044 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 11,667 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (76) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 2,690 Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 2,614 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - (5,162) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - (5,162) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $9,119 ============================================================= ==================== ==================== ====================
428 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Marketing & Holdings Co. Operation & Trading, Inc. Consolidated Maintenance, Inc. [4] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $52,936 ($33,292) ($17,919) Accrued taxes - - - Accrued interest - 18,433 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 5,551 38,740 6,122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 58,487 23,881 (11,797) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 907,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (3,415) 28,926 (2,171) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 33,565 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (3,415) 62,491 (2,171) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 960,441 13,946 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1,118) 27,623 5,591 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,118) 988,064 19,537 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $53,954 $1,981,436 $5,569 ============================================================= ==================== ==================== ====================
429 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission El Dorado Energy EMP, Inc. Project Co. Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $26 $31 ($8,230) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 26 31 (8,230) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2) (1,512) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) (1,512) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 8,800 Additional paid-in capital 443,318 9,731 480 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 16 (8,341) (1,050) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 443,334 1,390 $8,230 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $443,358 ($91) - ============================================================= ==================== ==================== ====================
430 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Four Counties Gas Global Power Hanover Energy Company (Inactive) Investors, Inc. Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 - $72 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 - 72 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 6,182 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 6,182 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 5 - 4,785 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6) - (480) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) - 4,305 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $10,559 ============================================================= ==================== ==================== ====================
431 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Holtsville Energy Indian Bay Energy Jefferson Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($169) ($38) ($23) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (169) (38) (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 169 38 23 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 169 $38 $23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 896 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings ($896) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
432 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Kings Canyon Kingspark Energy Laguna Energy Energy Company Company Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 ($1,259) ($1,681) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 (1,259) (1,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,016 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 1,259 688 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - $1,259 688 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 5 - 1,695 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6) - (1,718) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) - ($23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
433 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
La Jolla Energy Lakeview Energy Lehigh River Company (Inactive) Company Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 $1 $6 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 1 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1,674) Accumulated deferred investment tax credits - - 6 Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (1,668) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 5 5 10,221 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6) (6) (8,559) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) ($1) $1,662 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
434 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Longview Madera Energy Madison Energy Cogeneration Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 - $271 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 - 271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - ($4) 5,733 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (4) 5,733 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 5 13 22,227 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6) (9) 845 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) $4 23,072 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $29,076 ============================================================= ==================== ==================== ====================
435 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Midwest Generation Mission Capital LP Mission/Eagle EME, LLC Energy Company Consolidated (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($49,807) ($154,639) $1 Accrued taxes 9 - - Accrued interest 6,185 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 31,927 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (11,686) (154,640) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,679,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 1 Accumulated deferred investment tax credits 5,035 - - Customer advances and other deferred credits - - - Other long-term liabilities 260,874 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 265,909 - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 150,000 - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 150,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 2,500,000 4,641 1 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (8,157) (1) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,491,843 $4,640 ($2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4,425,066 - - ============================================================= ==================== ==================== ====================
436 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Mission Energy Mission Energy Construction Generation, Inc. Holdings, Inc. Services, Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $826 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 826 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 693 - $282 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferr ed credits & other liabilities 693 - 282 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 3,807 - 6,267 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (13) - (1,072) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,794 - 5,195 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,313 - $5,477 ============================================================= ==================== ==================== ====================
437 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy EME UK Mission Energy Holdings International LLC Indonesia International Inc. (4) (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $187,629 - - Accounts payable 345,069 $26 $1 Accrued taxes 7,081 - - Accrued interest 52,184 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other - current liabilities 148,957 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 740,920 26 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 3,044,725 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,223,658 (1) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 686,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,909,923 (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 137,603 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 133,131 - - Additional paid-in capital 1,102,378 443,318 5 Accumulated other comprehensive income: Cumulative translation adjustments - net 28,358 - - Unrealized gain in equity securities-net - - - Retained earnings 432,014 15 (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,695,881 443,333 ($1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,529,052 $443,358 - ============================================================= ==================== ==================== ====================
438 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Mission Energy New Mission Energy Mexico (Inactive) York, Inc. Wales Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 $103,663 ($44,638) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 103,663 (44,638) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 20,878 155,979 Accumulated deferred investment tax credits 5 - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 5 20,878 155,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 1,137 27,502 75,760 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1,143) (62,000) 15,233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($6) (34,498) 90,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $90,043 $202,334 ============================================================= ==================== ==================== ====================
439 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Operations Mission Triple North Jackson de Mexico, S.A. de Cycle Systems Energy Company C.V. Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $1 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (176) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (176) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 176 $3 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (1) ($3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - $175 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
440 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Northern Sierra Ortega Energy Panther Timber Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - $7 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (473) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (473) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - $7 466 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - ($7) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - $466 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
441 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Paradise Energy Pleasant Valley Prince George Company (Inactive) Energy Company Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($3,923) $126 $511 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,923) 126 511 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,982 940 3,853 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits and other liabilities 3,982 940 3,853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 3,158 12,882 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (59) (1,328) 1,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($59) 1,830 14,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $2,896 $18,728 ============================================================= ==================== ==================== ====================
442 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Quartz Peak Energy Rapidan Energy Reeves Bay Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $233 $229 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 233 229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,540 (1,159) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,540 (1,159) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 9,458 3,850 $672 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (134) (2,259) ($672) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 9,324 1,591 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $13,097 $661 - ============================================================= ==================== ==================== ====================
443 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Ridgecrest Energy Rio Escondido Riverport Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($4,435) ($52) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (4,435) (52) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($4) 81 52 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (4) 81 $52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 13 1,357 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9) 3,029 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $4 4,386 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $32 - ============================================================= ==================== ==================== ====================
444 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Gabriel Energy San Joaquin Energy San Juan Energy Company (Inactive) Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $37,754 - Accounts payable $256 (332,931) $592 Accrued taxes - - - Accrued interest - 7,202 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 256 (287,966) 592 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 319,364 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 12 11,871 3,648 Accumulated deferred investment tax credits - 2,589 - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 12 14,460 3,648 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 1,744 4,562 5,443 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1,963) 11,353 9,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (219) 15,915 14,738 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $49 $61,773 $18,978 ============================================================= ==================== ==================== ====================
445 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pedro Energy Santa Ana Energy Santa Clara Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($4) ($4) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits and other liabilities (4) (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 13 13 $7 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9) (9) ($7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $4 $4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
446 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Silverado Energy Silver Springs Sonoma Geothermal Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $972 $1 $129 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 1 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 973 1 129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,206 - (184) Accumulated deferred investment tax credits - - 11 Customer advances and other deferred credits - - 11 Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,206 - (162) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 4,706 5 3,315 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 2,072 (6) (3,282) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 6,778 ($1) $33 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,957 - - ============================================================= ==================== ==================== ====================
447 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
South Coast Energy Southern Sierra Thorofare Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $37,754 - Accounts payable $1,861 (342,773) ($23) Accrued taxes - - - Accrued interest - 7,202 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 2 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,863 (297,805) (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 319,364 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,088 7,957 26 Accumulated deferred investment tax credits 621 4,071 - Customer advances and other deferred credits - - - Other long-term liabilities - (601) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,709 11,427 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 6,948 7,930 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 18,105 17,407 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 25,053 25,337 ($3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $30,625 $58,323 - ============================================================= ==================== ==================== ====================
448 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Viejo Energy Vista Energy Western Sierra Company Company (Inactive) Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $296 $37,754 Accounts payable $917 (830) (332,488) Accrued taxes - - - Accrued interest - - 7,202 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 1 666 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 918 132 (287,509) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 319,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,606 1,045 13,884 Accumulated deferred investment tax credits - - 3,698 Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,606 1,045 17,582 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 8,553 1,154 9,264 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (253) (1,106) 19,651 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 8,300 48 28,915 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $10,824 $1,225 $78,352 ============================================================= ==================== ==================== ====================
449 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,122,067 - $1,122,067 Current portion of long-term debt - ($151,016) 225,679 Accounts payable 129,427 1,049,855 57,740 Accrued taxes 4,984 37,638 12,927 Accrued interest 5,268 (28,808) 89,272 Dividends payable - - 659 Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 26,980 (36) 264,503 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,288,726 907,633 1,772,847 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,488,203 (1,277,456) 7,439,308 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (92,142) 9,369 1,501,051 Accumulated deferred investment tax credits (14) (5,618) 19,439 Customer advances and other deferred credits 12 (2,713) - Other long-term liabilities 264,775 3,291 1,248,169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 172,631 4,329 2,768,659 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - (129,567) 8,036 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - 118,054 118,054 Subject to mandatory redemption - - 208,840 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - 150,000 Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 118,054 476,894 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 64,130 (259,985) 64,130 Additional paid-in capital 2,636,908 (6,158,864) 2,629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net 15,211 (33) 10,507 Unrealized gain in equity securities-net - - - Retained earnings 359,064 (478,485) 364,434 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,075,313 (6,897,367) 3,068,477 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $6,024,873 ($7,274,372) $15,534,221 ============================================================= ==================== ==================== ====================
Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($1,233) $2,088 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (1,233) 2,088 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 120 1,308 - Depreciation, decommissioning and amortization - 68 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 120 1,376 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,353) 712 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (1,353) 712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (1,353) 712 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (438) 272 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (915) 440 (1) Retained earnings - beginning of year (7,718) (1,032) 13 Dividends declared on common stock, other - (1) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,633) ($593) $12 ============================================================= ==================== ==================== ====================
451 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $170 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,300 - Depreciation, decommissioning and amortization - 14 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,314 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (1,144) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (1,144) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (1,144) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 (461) $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (683) (1) Retained earnings - beginning of year (9) (3,623) (8) Dividends declared on common stock, other - 1 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($10) ($4,305) ($9) ============================================================= ==================== ==================== ====================
452 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $49,821 $8,547 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 49,821 8,547 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,360 1,300 Depreciation, decommissioning and amortization - 575 8 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,935 1,308 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 47,886 7,239 Interest and dividend income - 20,877 230 Other nonoperating income (deductions)-net - (24) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 20,853 230 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 68,739 7,469 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 26,765 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 26,765 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 41,974 7,469 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 16,355 2,854 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 25,619 4,615 Retained earnings - beginning of year $65 8,502 4,482 Dividends declared on common stock, other ($65) (15,310) (7,478) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $18,811 $1,619 ============================================================= ==================== ==================== ====================
453 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - (1) Retained earnings - beginning of year $47 ($1,518) (141) Dividends declared on common stock, other ($47) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($1,518) ($142) ============================================================= ==================== ==================== ====================
454 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - - Retained earnings - beginning of year ($5) ($4) ($5) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) ($4) ($5) ============================================================= ==================== ==================== ====================
455 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Del Mar Energy Delaware Energy Desert Sunrise Company Conservers, Inc. Energy Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $2,254 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,254 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,306 - - Depreciation, decommissioning and amortization 14 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,320 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 934 - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - $416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 934 - 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 934 - 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 370 - 165 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 564 - 251 Retained earnings - beginning of year 73 ($2) (4) Dividends declared on common stock, other (3,114) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,477) ($2) $247 ============================================================= ==================== ==================== ====================
456 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Devereaux Energy Eastern Sierra East Maine Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($1,377) $5,186 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (1,377) 5,186 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 650 1,297 - Depreciation, decommissioning and amortization - 204 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 650 1,501 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,027) 3,685 - Interest and dividend income 4 - - Other nonoperating income (deductions)-net - 57 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 4 57 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (2,023) 3,742 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (2,023) 3,742 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (830) 1,496 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,193) 2,246 (1) Retained earnings - beginning of year (8,269) 3,143 (7) Dividends declared on common stock, other - (1,857) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,462) $3,532 ($8) ============================================================= ==================== ==================== ====================
457 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Alabama Edison Mission Edison Mission Generating Company Energy Fuel Energy Fuel Consolidated Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $26,285 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 26,285 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 2,600 $417 Depreciation, decommissioning and amortization - 5,521 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 8,121 417 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 18,164 (417) Interest and dividend income - 83 - Other nonoperating income (deductions)-net - 5,990 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 6,073 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 24,237 (417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 24,237 (417) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (21,842) (165) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 46,079 (252) Retained earnings - beginning of year ($509) 5,107 - Dividends declared on common stock, other $509 (8,687) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $42,499 ($252) ============================================================= ==================== ==================== ====================
458 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Funding Energy Global Energy Interface Corp. Management, Inc. Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $17,192 $17 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 17,192 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 266 - Depreciation, decommissioning and amortization - 7,272 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 7,538 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 9,654 17 Interest and dividend income $26,769 375 1 Other nonoperating income (deductions)-net - 35 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 26,769 410 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 26,769 10,064 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 26,769 3,759 - Other interest expense - net - 4,307 - Capitalized interest - - - Dividends on preferred securities - 9,217 - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges $26,769 17,283 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (7,219) 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (3,168) 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (4,051) 8 Retained earnings - beginning of year - - 41 Dividends declared on common stock, other - (4,301) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($8,352) $49 ============================================================= ==================== ==================== ====================
459 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Transpor- Fuel Resources, Financial tation, Inc. Inc. Marketing & Trading Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $1,942 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 1,942 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 4,123 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 4,123 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (2,181) Interest and dividend income - - 268 Other nonoperating income (deductions)-net - - (6,645) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - (6,377) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - (8,558) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (8,558) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (3,396) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - (5,162) Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($5,162) ============================================================= ==================== ==================== ====================
460 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Marketing & Holdings Co. Operation & Trading, Inc. [4] Consolidated Maintenace, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $347,851 $325,798 $28,590 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 347,851 325,798 28,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 124,763 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 350,294 55,793 25,693 Depreciation, decommissioning and amortization - 37,198 25 Property and other taxes - - 1 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 350,294 217,754 25,719 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,443) 108,044 2,871 Interest and dividend income 212 1,525 289 Other nonoperating income (deductions)-net 229 (2,181) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 441 (656) 281 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (2,002) 107,388 3,152 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 50,817 - Other interest expense - net - 9,562 - Capitalized interest - (1,779) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 58,600 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (2,002) 48,788 3,152 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (884) 21,160 1,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,118) 27,628 1,897 Retained earnings - beginning of year - (3) 3,695 Dividends declared on common stock, other - (2) (1) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,118) $27,623 $5,591 ============================================================= ==================== ==================== ====================
461 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission El Dorado Energy EMP, Inc. Project Co. Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $199 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 199 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 650 - Depreciation, decommissioning and amortization - 212 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 862 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (663) - Interest and dividend income $61 4 - Other nonoperating income (deductions)-net - 146 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 61 150 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 61 (513) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 61 (513) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 45 (211) ($2,714) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 16 (302) 2,714 Retained earnings - beginning of year - (8,038) (3,765) Dividends declared on common stock, other - (1) 1 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $16 ($8,341) ($1,050) ============================================================= ==================== ==================== ====================
462 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Four Counties Gas Global Power Hanover Energy Company (Inactive) Investors, Inc. Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $846 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 846 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 1,300 Depreciation, decommissioning and amortization - - 126 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 1,426 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (580) Interest and dividend income - - - Other nonoperating income (deductions)-net - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - (573) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (573) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 - (215) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) - (358) Retained earnings - beginning of year (5) - 256 Dividends declared on common stock, other - - (378) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) - ($480) ============================================================= ==================== ==================== ====================
463 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Holtsville Energy Indian Bay Energy Jefferson Energy Company Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - - Retained earnings - beginning of year ($896) $39 $188 Dividends declared on common stock, other - ($39) ($188) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($896) - - ============================================================= ==================== ==================== ====================
464 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Kings Canyon Kingspark Energy Laguna Energy Energy Company Company Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - $54 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 54 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (54) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 - (22) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) - (32) Retained earnings - beginning of year (5) $243 (1,686) Dividends declared on common stock, other - ($243) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) - ($1,718) ============================================================= ==================== ==================== ====================
465 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
La Jolla Energy Lakeview Energy Lehigh River Company (Inactive) Company Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 $1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (1) - Retained earnings - beginning of year (5) (5) ($8,558) Dividends declared on common stock, other - - (1) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) ($6) ($8,559) ============================================================= ==================== ==================== ====================
466 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Longview Madera Energy Madison Energy Cogeneration Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $4,966 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 4,966 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 650 Depreciation, decommissioning and amortization - - 132 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 782 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - 4,184 Interest and dividend income - - 10 Other nonoperating income (deductions)-net - - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - 4,191 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - 4,191 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 $1 1,671 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (1) 2,520 Retained earnings - beginning of year (5) (8) 136 Dividends declared on common stock, other - - (1,811) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) ($9) $845 ============================================================= ==================== ==================== ====================
467 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Midwest Generation Mission Capital LP Mission/Eagle EME, LLC Energy Company Consolidated (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $23,700 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 23,700 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 14,881 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 12,565 - - Depreciation, decommissioning and amortization 4,949 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 32,395 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (8,695) - - Interest and dividend income 93 $13,953 - Other nonoperating income (deductions)-net 98 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 191 13,953 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (8,504) 13,953 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 300 - - Other interest expense - net 6,185 - - Capitalized interest - - - Dividends on preferred securities - 13,953 - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 6,485 13,953 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (14,989) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (6,832) - $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (8,157) - (1) Retained earnings - beginning of year - - (2) Dividends declared on common stock, other - (1) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,157) ($1) ($3) ============================================================= ==================== ==================== ====================
468 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Mission Energy Mission Energy Construction Holdings, Inc. Generation, Inc. Services, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - $218 - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 218 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (218) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (218) - Retained earnings - beginning of year ($13) (854) - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($13) ($1,072) - ============================================================= ==================== ==================== ====================
469 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy EME UK Mission Energy Holdings International LLC Indonesia International Inc. (4) (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - Unregulated power generation $1,009,791 - Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,009,791 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 309,493 - Purchased power - contracts - - Purchased power - power exchange - - Provisions for reg. adj. clauses - net - - Other operation and maintenance 260,904 - Depreciation, decommissioning and amortization 124,068 - Property and other taxes 320 - Net loss (gain) on sale of utility plant - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 694,785 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 315,006 - Interest and dividend income 9,434 $61 Other nonoperating income (deductions)-net 47,575 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 57,009 61 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 372,015 61 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 199,018 - Other interest expense - net 2,178 - Capitalized interest - - Dividends on preferred securities - - Dividends on utility preferred stock - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 201,196 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (35,260) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 135,559 61 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (5,967) 46 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 141,526 15 (1) Retained earnings - beginning of year 290,488 - (5) Dividends declared on common stock, other - - Dividends declared on preferred stock - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $432,014 $15 ($6) ============================================================= ==================== ==================== ====================
470 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Mission Energy New Mission Energy Mexico (Inactive) York, Inc. Wales Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($5,219) $34,153 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (5,219) 34,153 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 2,402 - Depreciation, decommissioning and amortization - 1,267 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 3,669 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (8,888) 34,153 Interest and dividend income - (15,209) 2,875 Other nonoperating income (deductions)-net - 9,968 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (5,241) 2,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (14,129) 37,028 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 1,966 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 1,966 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (16,095) 37,028 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 (5,711) 18,832 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (10,384) 18,196 Retained earnings - beginning of year (1,142) (51,616) 28,448 Dividends declared on common stock, other - - (31,411) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,143) ($62,000) $15,233 ============================================================= ==================== ==================== ====================
471 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Operations Mission Triple North Jackson de Mexico, S.A. de Cycle Systems Energy Company C.V. Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - $1 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (1) (1) Retained earnings - beginning of year - 153 (2) Dividends declared on common stock, other - (153) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($1) ($3) ============================================================= ==================== ==================== ====================
472 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Northern Sierra Ortega Energy Panther Timber Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and dividend income - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - - Retained earnings - beginning of year $133 ($7) $254 Dividends declared on common stock, other ($133) - ($254) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($7) - ============================================================= ==================== ==================== ====================
473 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Paradise Energy Pleasant Valley Prince George Company (Inactive) Energy Company Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($12) $3,695 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (12) 3,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 224 1,300 Depreciation, decommissioning and amortization - - 614 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 224 1,914 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (236) 1,781 Interest and dividend income - - - Other nonoperating income (deductions)-net - 3 42 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 3 42 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (233) 1,823 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (233) 1,823 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 (99) 731 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (134) 1,092 Retained earnings - beginning of year (58) (1,195) 1,686 Dividends declared on common stock, other - 1 (1,296) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($59) ($1,328) $1,482 ============================================================= ==================== ==================== ====================
474 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Quartz Peak Energy Rapidan Energy Reeves Bay Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $1,509 $102 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,509 102 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,328 650 - Depreciation, decommissioning and amortization 61 4 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,389 654 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 120 (552) - Interest and dividend income 88 - Other nonoperating income (deductions)-net - 49 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 88 49 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 208 (503) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 208 (503) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 89 (207) $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 119 (296) (1) Retained earnings - beginning of year 86 (1,963) (671) Dividends declared on common stock, other (339) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($134) ($2,259) ($672) ============================================================= ==================== ==================== ====================
475 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Ridgecrest Energy Rio Escondido Riverport Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - $1,427 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 1,427 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 1,427 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 1,427 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 (3,813) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) 5,240 - Retained earnings - beginning of year (8) (2,210) $74 Dividends declared on common stock, other - (1) ($74) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) $3,029 - ============================================================= ==================== ==================== ====================
476 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
San Gabriel Energy San Joaquin Energy San Juan Energy Company (Inactive) Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($476) $14,784 $10,176 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (476) 14,784 10,176 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,339 1,332 Depreciation, decommissioning and amortization - 30 90 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,369 1,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (476) 13,415 8,754 Interest and dividend income - 25,148 - Other nonoperating income (deductions)-net - 51 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 25,199 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (476) 38,614 8,754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 26,577 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 26,577 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (476) 12,037 8,754 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (192) 4,666 3,465 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (284) 7,371 5,289 Retained earnings - beginning of year (1,680) 4,981 7,488 Dividends declared on common stock, other 1 (999) (3,482) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,963) $11,353 $9,295 ============================================================= ==================== ==================== ====================
477 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
San Pedro Energy Santa Ana Energy Santa Clara Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes $1 $1 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) (1) (1) Retained earnings - beginning of year (8) (8) (6) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) ($9) ($7) ============================================================= ==================== ==================== ====================
478 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Silverado Energy Silver Springs Sonoma Geothermal Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $2,466 - ($1,927) Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,466 - (1,927) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,307 - 480 Depreciation, decommissioning and amortization 50 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,357 - 480 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,109 - (2,407) Interest and dividend income - - - Other nonoperating income (deductions)-net - - 1,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 1,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 1,109 - (487) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 1,109 - (487) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 440 $1 909 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 669 (1) (1,396) Retained earnings - beginning of year 1,517 (5) (1,886) Dividends declared on common stock, other (114) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,072 ($6) ($3,282) ============================================================= ==================== ==================== ====================
479 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
South Coast Energy Southern Sierra Thorofare Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,837 $31,170 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,837 31,170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,302 1,353 - Depreciation, decommissioning and amortization 5 58 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,307 1,411 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 21,530 29,759 - Interest and dividend income 55 24,317 - Other nonoperating income (deductions)-net 59 (14) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 114 24,303 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 21,644 54,062 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 26,640 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 26,640 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 21,644 27,422 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,560 10,643 $1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 13,084 16,779 (1) Retained earnings - beginning of year 7,958 6,628 (2) Dividends declared on common stock, other (2,937) (6,000) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $18,105 $17,407 ($3) ============================================================= ==================== ==================== ====================
480 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Viejo Energy Vista Energy Western Sierra Company Company (Inactive) Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $1,628 - $36,740 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,628 - 36,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,309 - 1,375 Depreciation, decommissioning and amortization 65 - 37 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,374 - 1,412 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 254 - 35,328 Interest and dividend income - $149 24,260 Other nonoperating income (deductions)-net - - (18) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 149 24,242 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 254 149 59,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 26,688 Other interest expense - net - 40 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 40 26,688 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 254 109 32,882 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 96 17 12,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 158 92 20,007 Retained earnings - beginning of year (411) (1,198) 9,255 Dividends declared on common stock, other - - (9,611) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($253) ($1,106) $19,651 ============================================================= ==================== ==================== ====================
481 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $9,596 ($383,404) $1,630,451 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 9,596 (383,404) 1,630,451 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 449,137 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 181,201 (349,123) 571,675 Depreciation, decommissioning and amortization 7,552 - 190,219 Property and other taxes 72 - 393 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 188,825 (349,123) 1,211,424 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (179,229) (34,281) 419,027 Interest and dividend income (3,176) (106,272) 27,911 Other nonoperating income (deductions)-net (36,469) 127 21,410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (39,645) (106,145) 49,321 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (218,874) (140,365) 468,348 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 47,802 (100,472) 336,683 Other interest expense - net 27,406 (5,736) 43,942 Capitalized interest (25,692) - (27,471) Dividends on preferred securities (1,013) - 22,375 Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 48,503 (106,208) 375,529 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - 32,306 (2,954) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (267,377) (1,912) 89,865 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (100,171) 9,880 (40,412) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (167,206) (11,792) 130,277 Retained earnings - beginning of year 226,840 (266,891) 234,345 Dividends declared on common stock, other 299,430 (199,802) (188) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $359,064 ($478,485) $364,434 ============================================================= ==================== ==================== ====================
482 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: American Bituminous Power Salinas River Smithtown Cogeneration, LP Partners, LP Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $76,420 $19,002 $4,976 Revenues $13,948 $9,492 - Net Income (Loss) ($1,080) $1,889 - Nature/Purpose of Business: To own an 80MW To own and operate a 38MW To own and operate power cogeneration facility in cogeneration facility in production facilities. Grant Town, WV. Monterey Co., CA. Ownership Interest(s): 49.5% by Aguila Energy 50% by Anacapa Energy 50% by Balboa Energy Company Company Company 0.5% by Pleasant Valley 50% by Kingspark Energy Energy Co. Company
483 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: TEVCO/Mission Bayonne Cogen Technologies NJ Bretton Woods Partnershp Ventures Cogeneration, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $829 $363 $717 Revenues $140 $38 - Net Income (Loss) $140 $18 - Nature/Purpose of Business: To own a limited To own a 165 MW facility To own and operate power partnership interest in known as the Bayonne production facilities. the Cogen Technologies NJ Project. Venture. Ownership Interest(s): 50% by Bergen Point .375% by Bergen Point 50% by Blue Ridge Energy Energy Company Energy Company Company .75% by TEVCO/- Mission 50% by Bretton Woods Bayonne Partnership Energy Company
484 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Watson Cogeneration James River Cogeneration Riverhead Cogeneration I, Company Company LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $114,295 $33,082 $488 Revenues $118,223 $22,078 - Net Income (Loss) $48,513 $8,578 - Nature/Purpose of Business: To own and operate a To own and operate the To own and operate power 385MW cogeneration 110MW cogeneration production facilities. facility at ARCO's LA facility in Hopewell, Refinery in Carson, CA Chester County, VA. Ownership Interest(s): 49% by Camino Energy 50% by Capistrano 50% by Centerport Energy Company Cogeneration Company Company 50% by Ridgecrest Energy Company
485 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Delaware Clean Energy Commonwealth Atlantic LP Oconee Energy, LP Project - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $56,500 - Revenues - $14,691 - Net Income (Loss) - $658 - Nature/Purpose of Business: To own and operate power To own a 340MW power To own and operate power production facilities. production facility in production facilities. Chesapeake, VA. Ownership Interest(s): 50% by Chesapeake Bay 50% by Chickahominy River 50% by Clayville Energy Energy Company Energy Corp. Company 50% by Coronado Energy Company
486 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Mid-Set Cogenera-tion Auburndale Power Saguaro Power Company, LP Company Partners, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,065 $71,631 $49,346 Revenues $9,719 $26,171 $25,529 Net Income (Loss) $2,142 ($1,466) $5,008 Nature/Purpose of Business: To own and operate a 38MW To own and operate a To own and operate a 90MW cogeneration facility in 150MW power production cogeneration facility in Kern Co., CA facility in Florida. Henderson, NV. Ownership Interest(s): 50% by Del Mar Energy 49% by Devereaux Energy 50% by Eastern Sierra Company Company Energy Co. 1% by El Dorado Energy Company
487 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Mission Interface Four Star Oil & Gas Brookhaven Cogeneration LP Partnership Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $363 $147,019 $2,588 Revenues - $78,759 - Net Income (Loss) $17 $25,444 - Nature/Purpose of Business: To own and operate power To own an interest in To own and operate power production facilities. common stock of domestic production facilities. oil & gas exploration and production co. Ownership Interest(s): 50% by Edison Mission 34.88% by Edison Mission 50% by Holtsville Energy Energy Interface, Ltd Energy Oil & Gas Company 50% by Madera Energy Company
488 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Riverhead Cogeneration Georgia Peaker, LP Gordonsville Energy, LP III, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $432 - $94,659 Revenues - - $19,642 Net Income (Loss) - - $5,182 Nature/Purpose of Business: To own and operate power To own and operate power To own and operate a production facilities. production facilities. 240MW cogeneration facility in Gordonsville, VA. Ownership Interest(s): 50% by Indian Bay Energy 50% by Lakeview Energy 49% by Madison Energy Company Company Company 50% by Santa Ana Energy 50% by Silver Springs 1% by Rapidan Energy Company Energy Company Company
489 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Brooklyn Navy Yard Triple Cycle Partnership Sobel Cogeneration Company Cogeneration Partners, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $243,669 - - Revenues $64,122 - - Net Income (Loss) ($14,823) - - Nature/Purpose of Business: To own and operate a To own 25% interest in Currently is inactive. 286MW power production partnership that has facility near the rights to a proprietary Brooklyn Bridge, NY. technology. Ownership Interest(s): 50% by Mission Energy New 50% by Mission Triple 50% by Northern Sierra York, Inc. Cycle Systems Company Energy Company
490 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: American Kiln Partners, LP Hopewell Cogeneration, LP Hopewell Cogeneration, Inc. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $43,593 $423 Revenues - $15,289 $148 Net Income (Loss) - $3,724 $36 Nature/Purpose of Business: Currently is inactive. To own and operate a To own and operate a 356MW cogeneration 356MW cogeneration facility in Chester Co., facility in Chester Co., VA. VA. Ownership Interest(s): 2% by Panther Timber 24.75% by Prince George 25% by Prince George Company Energy Co. Energy Co. 49.5% of 53% by Aguila 1% by Hopewell Energy Company Cogeneration, Inc. 0.5% of 53% by Pleasant Valley Energy Company
491 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Nevada Sun-Peak LP North Shore Energy, LP Northville Energy Corporation - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $27,861 $1,729 - Revenues $6,048 - - Net Income (Loss) $1,580 - - Nature/Purpose of Business: To own 50% of the 210MW To own and operate power To own and operate power independent power production facilities. production facilities. production plant near Las Vegas, NV. Ownership Interest(s): 50% by Quartz Peak Energy 50% by Reeves Bay Energy 100% by North Shore Company Company Energy LP 50% by Santa Clara Energy Company
492 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Riverhead Cogeneration Midway-Sunset March Point Cogeneration II, LP Cogeneration Company Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $633 $61,898 $61,468 Revenues - $45,557 $38,441 Net Income (Loss) - $15,152 $9,877 Nature/Purpose of Business: To own and operate power To own and operate a To own and operate a production facilities. 225MW cogeneration 140MW cogeneration facility near Taft in facility in Anacortes, WA. Kern County, CA. Ownership Interest(s): 50% by Riverport Energy 50% by San Joaquin Energy 50% by San Juan Energy Company Company Company 50% by San Pedro Energy Company
493 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Coalinga Cogeneration Harbor Cogeneration Company Contact Energy Company Limited - ---------------------------------------- --------------------------- ----------------------------- ------------------------- Equity Interest: Assets $16,256 $11,252 $522,647 Revenues $10,219 $5,636 $132,465 Net Income (Loss) $2,357 $3,045 $17,226 Nature/Purpose of Business: To own and operate a 38MW To own and operate a 80MW To own nine facilities cogeneration facility in cogeneration facility at with 2,326MW in New Fresno County, CA. Wilmington Oil Field in LA, Zealand and one CA. minority interest (16.7%)in a 300MW facility in Australia. Ownership Interest(s): 50% by Silverado Energy 30% by South Coast Energy 40% by Edison Mission Company Company Energy Taupo Limited
494 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Kern River Cogeneration TM Star Fuel Company Sargent Canyon Company Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $66,087 $1,365 $19,161 Revenues $85,593 $9,989 $9,019 Net Income (Loss) $30,906 $696 $1,646 Nature/Purpose of Business: To own and operate a To own a 50% interest in To own and operate a 38MW 300MW Kern River (Omar a domestic oil and gas cogeneration facility in Hill) cogeneration exploration and Monterey Co, CA facility at Texaco's Kern production company. River Oil Field near Bakersfield, CA. Ownership Interest(s): 50% by Southern Sierra 50% by Southern Sierra 50% by Viejo Energy Energy Company Gas Company Company
495 Edison Mission Energy [Tier 4] Equity Investments December 31, 1999 (In thousands)
Name of Entity: Sycamore Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $81,009 - - Revenues $92,867 - - Net Income (Loss) $36,633 - - Nature/Purpose of Business: To own and operate a - - 300MW cogeneration facility at Texaco's Kern River Oil Field near Bakersfield, CA. Ownership Interest(s): 50% by Western Sierra - - Energy Co.
496 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $7 - Receivables - net - (1) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $69,938 49,045 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 69,938 49,045 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $69,938 $49,051 - ============================================================= ==================== ==================== ====================
497 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $128 ($69,938) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 128 (69,938) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $128 ($69,938) ============================================================= ==================== ==================== ====================
498 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $7 - - Receivables - net (1) - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 49,173 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 49,173 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $49,179 - - ============================================================= ==================== ==================== ====================
499 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($37,367) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 757 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (36,610) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net $2,291 15,860 $5 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,291 15,860 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 21,568 27,124 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 46,079 42,677 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 67,647 69,801 ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $69,938 $49,051 - ============================================================= ==================== ==================== ====================
500 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($562) $291 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (562) 291 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 563 9 ($2,291) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 563 9 (2,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - (21,568) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (1) (172) (46,079) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) (172) (67,647) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $128 ($69,938) ============================================================= ==================== ==================== ====================
501 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($37,638) - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 757 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (36,881) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 16,437 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 16,437 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 27,124 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 42,499 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,623 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $49,179 - - ============================================================= ==================== ==================== ====================
502 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $25,597 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 25,597 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,300 - Depreciation, decommissioning and amortization - 5,521 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 6,821 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 18,776 - Interest and dividend income - 83 - Other nonoperating income (deductions)-net - 5,990 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 6,073 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 24,849 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 24,849 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (21,600) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 46,449 Retained earnings - beginning of year $36,910 3,920 ($5) Dividends declared on common stock, other 9,169 (7,692) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $46,079 $42,677 ($5) ============================================================= ==================== ==================== ====================
503 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $688 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 688 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,300 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,300 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (612) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (612) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (612) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (242) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (370) Retained earnings - beginning of year $541 651 ($36,910) Dividends declared on common stock, other (542) (453) (9,169) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1) ($172) ($46,079) ============================================================= ==================== ==================== ====================
504 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $26,285 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 26,285 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2,600 - - Depreciation, decommissioning and amortization 5,521 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8,121 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 18,164 - - Interest and dividend income 83 - - Other nonoperating income (deductions)-net 5,990 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 6,073 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 24,237 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 24,237 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (21,842) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 46,079 Retained earnings - beginning of year 5,107 - - Dividends declared on common stock, other (8,687) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $42,499 - - ============================================================= ==================== ==================== ====================
505 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Majestic Energy EME Royale Limited Energy Global Limited [5] Management, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 443,892 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 443,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $443,895 - - ============================================================= ==================== ==================== ====================
506 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Taupo Adjustments Energy Global Limited [6] Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $8,735 - $8,738 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8,735 - 8,738 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 629,582 ($456,701) 616,773 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 629,582 (456,701) 616,773 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 7,009 4,932 11,941 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 7,009 4,932 11,941 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $645,326 ($451,769) $637,452 ============================================================= ==================== ==================== ====================
507 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Majestic Energy EME Royale Limited Energy Global Limited [5] Management, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable ($13,277) - - Accrued taxes - - - Accrued interest - - - Dividends payable 612 - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 1,434 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (11,231) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (270) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (207) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 118,504 - - Additional paid-in capital 343,559 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (6,217) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 455,396 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $443,895 - - ============================================================= ==================== ==================== ====================
508 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Taupo Adjustments Energy Global Limited [6] Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $17,613 - $4,336 Accrued taxes 863 - 863 Accrued interest - - - Dividends payable 47 - 659 Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 1,261 - 2,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 19,784 - 8,553 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - $55 (215) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 55 (215) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption 208,840 - 208,840 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 208,840 - 208,840 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 454,613 (454,613) 118,054 Additional paid-in capital - - 343,559 Accumulated other comprehensive income: Cumulative translation adjustments - net (25,026) (7,961) (32,987) Unrealized gain in equity securities-net - - - Retained earnings (12,885) 10,750 (8,352) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 416,702 (451,824) 420,274 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $645,326 ($451,769) $637,452 ============================================================= ==================== ==================== ====================
509 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Majestic Energy EME Royale Limited Energy Global Limited [5] Management, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income $281 - - Other nonoperating income (deductions)-net 110 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 391 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 391 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities 4,458 - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 4,458 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (4,067) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (2,151) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,916) - - Retained earnings - beginning of year - - - Dividends declared on common stock, other 4,301 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6,217) - - ============================================================= ==================== ==================== ====================
510 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Consolidating Edison Mission Energy Taupo Adjustments Energy Global Limited [6] Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $17,192 - $17,192 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 17,192 - 17,192 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 266 - 266 Depreciation, decommissioning and amortization 7,408 ($136) 7,272 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,674 (136) 7,538 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 9,518 136 9,654 Interest and dividend income 94 - 375 Other nonoperating income (deductions)-net (75) - 35 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 19 - 410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 9,537 - 10,064 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 3,759 - 3,759 Other interest expense - net 4,307 - 4,307 Capitalized interest - - - Dividends on preferred securities 4,759 - 9,217 Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 12,825 - 17,283 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (3,288) 136 (7,219) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1,125) 108 (3,168) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2,163) 28 (4,051) Retained earnings - beginning of year - - - Dividends declared on common stock, other (10,722) 10,722 (4,301) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $12,885 $10,750 $8,352 ============================================================= ==================== ==================== ====================
511 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Chestnut Ridge Homer City Mission Energy Energy Company Property Holdings, Westside, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - $397 - Nuclear deco mmissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $196,580 - $1,986 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 196,580 397 1,986 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $196,580 $397 $1,986 ============================================================= ==================== ==================== ====================
512 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Homer City Edison Mission Edison Mission Generation LP [5] Finance Co. Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $44,454 - $56 Receivables - net 114 - - Fuel inventory 20,837 - - Materials and supplies, at average cost 26,130 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,187 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,722 - 56 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,876,495 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 1,015,762 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,876,495 - 1,015,762 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 11,766 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,766 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,980,983 - $1,015,818 ============================================================= ==================== ==================== ====================
513 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $44,510 - Receivables - net - 114 - Fuel inventory - 20,837 - Materials and supplies, at average cost - 26,130 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1,187 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 92,778 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,876,892 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1,214,328) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (1,214,328) 1,876,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 11,766 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,766 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($1,214,328) $1,981,436 - ============================================================= ==================== ==================== ====================
514 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Chestnut Ridge Homer City Mission Energy Energy Company Property Holdings, Westside, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $107 $103 $107 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 107 103 107 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 5 5 5 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 5 5 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 198,794 400 2,012 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (2,326) (111) (138) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 196,468 289 1,874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $196,580 $397 $1,986 ============================================================= ==================== ==================== ====================
515 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Homer City Edison Mission Edison Mission Generation LP [5] Finance Co. Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1,679,964 ($813,658) ($899,915) Accrued taxes - - - Accrued interest - - 18,433 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 38,740 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,718,704 (813,658) (881,482) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 907,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 30,149 (1,236) (2) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 33,565 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 63,714 (1,236) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 200,801 784,731 960,438 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (2,236) 30,163 29,864 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 198,565 $814,894 990,302 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,980,983 - $1,015,818 ============================================================= ==================== ==================== ====================
516 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($33,292) - Accrued taxes - - - Accrued interest - 18,433 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 38,740 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 23,881 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 907,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 28,926 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 33,565 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits and other liabilities - 62,491 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital (1,186,735) 960,441 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (27,593) 27,623 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,214,328) 988,064 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($1,214,328) $1,981,436 - ============================================================= ==================== ==================== ====================
517 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Chestnut Ridge Homer City Mission Energy Energy Company Property Holdings, Westside, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $184 $184 $184 Depreciation, decommissioning and amortization - 3 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 184 187 184 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (184) (187) (184) Interest and dividend income - - - Other nonoperating income (deductions)-net (1) 4 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (1) 4 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (185) (183) (185) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (185) (183) (185) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (73) (72) (73) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (112) (111) (112) Retained earnings - beginning of year - (3) - Dividends declared on common stock, other (2,214) 3 (26) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,326) ($111) ($138) ============================================================= ==================== ==================== ====================
518 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Homer City Edison Mission Edison Mission Generation LP [5] Finance Co. Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $325,798 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 325,798 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 124,763 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 54,801 $223 $217 Depreciation, decommissioning and amortization 37,195 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 216,759 223 217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 109,039 (223) (217) Interest and dividend income (102,309) 50,160 53,674 Other nonoperating income (deductions)-net (2,155) - (28) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (104,464) 50,160 53,646 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 4,575 49,937 53,429 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,010 - 43,807 Other interest expense - net - - 9,562 Capitalized interest (1,779) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 5,231 - 53,369 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (656) 49,937 60 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 1,580 19,774 24 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2,236) 30,163 36 Retained earnings - beginning of year - - - Dividends declared on common stock, other - - 29,828 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,236) $30,163 $29,864 ============================================================= ==================== ==================== ====================
519 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $325,798 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 325,798 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 124,763 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 55,793 - Depreciation, decommissioning and amortization - 37,198 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 217,754 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 108,044 - Interest and dividend income - 1,525 - Other nonoperating income (deductions)-net - (2,181) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (656) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 107,388 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 50,817 - Other interest expense - net - 9,562 - Capitalized interest - (1,779) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 58,600 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 48,788 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 21,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 27,628 Retained earnings - beginning of year - (3) - Dividends declared on common stock, other ($27,593) (2) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($27,593) $27,623 - ============================================================= ==================== ==================== ====================
520 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $15 - - Receivables - net 22 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 37 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,522 $4,305 ($4,305) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 10,522 4,305 (4,305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,559 $4,305 ($4,305) ============================================================= ==================== ==================== ====================
521 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $15 - - Receivables - net 22 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 37 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,522 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 10,522 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,559 - - ============================================================= ==================== ==================== ====================
522 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $72 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 72 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 6,182 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,182 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 4,785 $4,460 ($4,460) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (480) (155) 155 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,305 4,305 (4,305) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $10,559 $4,305 ($4,305) ============================================================= ==================== ==================== ====================
523 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $72 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 72 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 6,182 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,182 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 4,785 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (480) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,305 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $10,559 - - ============================================================= ==================== ==================== ====================
524 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $846 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 846 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,300 - - Depreciation, decommissioning and amortization 126 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (580) - - Interest and dividend income - - - Other nonoperating income (deductions)-net 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (573) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (573) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (215) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (358) Retained earnings - beginning of year 256 $581 ($581) Dividends declared on common stock, other (378) (426) 426 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($480) $155 ($155) ============================================================= ==================== ==================== ====================
525 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $846 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 846 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,300 - - Depreciation, decommissioning and amortization 126 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,426 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (580) - - Interest and dividend income - - - Other nonoperating income (deductions)-net 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (573) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (573) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (215) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (358) Retained earnings - beginning of year 256 - - Dividends declared on common stock, other (378) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($480) - - ============================================================= ==================== ==================== ====================
526 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Midwest Generation Collins Holdings Edison Mission EME, LLC EME, LLC Midwest Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12 - $41,608 Receivables - net - - 94 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 18 - 41,702 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 3,273 - 6,392 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 2,495,882 - 4,068,764 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,499,155 4,075,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 28,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 28,740 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,499,173 - $4,145,598 ============================================================= ==================== ==================== ====================
527 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Midwest Generation Overseas Co. [5] Overseas Ltd. [6] LLC [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $72 Receivables - net - - - Fuel inventory - - 74,991 Materials and supplies, at average cost - - 14,166 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - $4 799 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 4 90,028 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 4,254,909 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $12 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 12 4,254,909 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 $4 $4,344,937 ============================================================= ==================== ==================== ====================
528 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $41,692 - Receivables - net - 94 - Fuel inventory - 74,991 - Materials and supplies, at average cost - 14,166 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 809 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 131,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 4,264,574 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($6,564,658) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (6,564,658) 4,264,574 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 28,740 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 28,740 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($6,564,658) $4,425,066 - ============================================================= ==================== ==================== ====================
529 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Midwest Generation Collins Holdings Edison Mission EME, LLC EME, LLC Midwest Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - Accounts payable $3,900 ($2,083) ($32,403) Accrued taxes - - - Accrued interest - - 6,185 Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities 174 2,083 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,074 - (26,218) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,679,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 169 Accumulated deferred investment tax credits 33 - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 33 - 169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 2,500,000 - 2,500,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (4,934) - (7,353) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,495,066 - 2,492,647 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,499,173 - $4,145,598 ============================================================= ==================== ==================== ====================
530 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Midwest Generation Overseas Co. [5] Overseas Ltd. [6] LLC [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable ($3,429,027) ($20) $3,409,826 Accrued taxes - 9 - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - 3 29,667 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,429,027) (8) 3,439,493 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (301) - 5,134 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (301) - 5,134 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 3,421,999 650,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 7,341 12 (10,564) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,429,340 12 639,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $12 $4 $4,344,937 ============================================================= ==================== ==================== ====================
531 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - ($49,807) - Accrued taxes - 9 - Accrued interest - 6,185 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - 31,927 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (11,686) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 1,679,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 260,874 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 5,035 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital ($6,571,999) 2,500,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 7,341 (8,157) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (6,564,658) 2,491,843 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($6,564,658) $4,425,066 - ============================================================= ==================== ==================== ====================
532 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Midwest Generation Collins Holdings Edison Mission EME, LLC EME, LLC Midwest Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1,350 $2,083 $27 Depreciation, decommissioning and amortization - - 400 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,350 2,083 427 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1,350) (2,083) (427) Interest and dividend income (1) - 94 Other nonoperating income (deductions)-net - 2,083 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (1) 2,083 94 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (1,351) - (333) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 300 Other interest expense - net - - 6,185 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 6,485 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (1,351) - (6,818) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (535) - (2,700) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (816) (4,118) Retained earnings - beginning of year - - - Dividends declared on common stock, other (4,118) - (3,235) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4,934) - ($7,353) ============================================================= ==================== ==================== ====================
533 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Midwest Generation Overseas Co. [5] Overseas Ltd. [6] LLC [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $23,700 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 23,700 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 14,881 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $85 11,103 Depreciation, decommissioning and amortization - - 4,549 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 85 30,533 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (85) (6,833) Interest and dividend income $12,143 - (12,143) Other nonoperating income (deductions)-net - 99 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 12,143 99 (12,144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 12,143 14 (18,977) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 12,143 14 (18,977) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 4,814 2 (8,413) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 7,329 12 (10,564) Retained earnings - beginning of year - - Dividends declared on common stock, other 12 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7,341 $12 ($10,564) ============================================================= ==================== ==================== ====================
534 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $23,700 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 23,700 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 14,881 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance ($2,083) 12,565 - Depreciation, decommissioning and amortization - 4,949 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2,083) 32,395 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,083 (8,695) - Interest and dividend income - 93 - Other nonoperating income (deductions)-net (2,083) 98 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (2,083) 191 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (8,504) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 300 - Other interest expense - net - 6,185 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 6,485 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (14,989) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (6,832) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (8,157) Retained earnings - beginning of year - - - Dividends declared on common stock, other 7,341 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7,341 ($8,157) - ============================================================= ==================== ==================== ====================
MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Adelaide Beheer-en Valley Peakers Pty Ventures Ltd. Beleggingsmaat Ltd [6] schappij Botara B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $17 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $17 - ============================================================= ==================== ==================== ====================
536 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Pte Energy Energy Services Ltd. Consolidated International B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,861 $17 $14 Receivables - net 16,122 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,614 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20,597 17 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,943 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 241,842 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 243,785 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation - and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 183 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 183 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $264,565 $17 $14 ============================================================= ==================== ==================== ====================
537 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Caliraya B.V. Operations & Maintenance Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $335 - $17 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 335 - 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $337 - $17 ============================================================= ==================== ==================== ====================
538 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Kayalaan B.V. EME Tri Gen B.V. EME Victoria B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $220 $12 $1 Receivables - net - 2 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 220 14 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 1,501 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 1,501 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $220 $1,515 $1 ============================================================= ==================== ==================== ====================
539 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Global Generation Hydro Energy B.V. Iberian B.V. Consolidated Consolidated Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $132,402 $5,655 $5,875 Receivables - net 99,562 7,029 7,108 Fuel inventory 106,966 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 13,059 643 643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 351,988 13,327 13,626 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 3,056,890 100,845 119,255 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (2,796) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,056,890 98,049 119,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 40,570 1,836 6,025 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 40,570 1,836 6,025 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,449,448 $113,212 $138,906 ============================================================= ==================== ==================== ====================
540 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Latrobe Power Pty. Loy Yang Holdings MEC Esenyurt B.V. Ltd. Consolidated Pty Ltd. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $27,805 $2,105 $10,620 Receivables - net 12,077 22 13,062 Fuel inventory 9,368 - 2,973 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,436 173 1,256 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 50,686 2,300 27,911 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,291,111 8,545 145,939 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 3,268 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,291,111 11,813 145,939 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 16,345 59 17,352 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 16,345 59 17,352 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,358,142 $14,172 $191,202 ============================================================= ==================== ==================== ====================
541 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC IES B.V. ISAB Energy MEC India B.V. Services s.r.l. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $97 - $18 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 97 - 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (83) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (83) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $14 - $18 ============================================================= ==================== ==================== ====================
542 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission MEC Indo Coal B.V. MEC Indonesia B.V. Energy Power [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $294 $22 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 294 22 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 23,832 127,057 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 23,832 127,057 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 23 978 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 23 978 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $24,149 $128,057 ============================================================= ==================== ==================== ====================
543 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC International MEC Laguna Power Gulf Power Holdings B.V. B.V. Generation Co. Consolidated Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $34 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 34 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 5,295 $4,268 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 5,295 4,268 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 43 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 43 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,329 $4,311 - ============================================================= ==================== ==================== ====================
544 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Perth B.V. MEC Priolo B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,929 - $30 Receivables - net 2,416 - - Fuel inventory 1,809 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 203 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,357 - 30 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 77,229 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 18,843 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 77,229 - 18,843 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 2,668 - 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,668 - 111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $90,254 - $18,984 ============================================================= ==================== ==================== ====================
545 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $17 $16 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 17 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $4,590 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 45 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 45 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,635 $17 $16 ============================================================= ==================== ==================== ====================
546 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,244 $72,573 $134 Receivables - net 44,834 7,778 247 Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 2,363 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 91,838 82,714 528 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 169,704 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) 12,782 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,011,167 182,486 197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 321,613 2,424 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 321,613 2,424 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,424,618 $267,624 $743 ============================================================= ==================== ==================== ====================
547 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Pride Hold Limited Rillington EcoElectrica Consolidated Holdings Limited S.a.r.l. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12,421 - $1,336 Receivables - net 6,754 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (190) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 18,985 - 1,336 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 144,913 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 223,345 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 144,913 223,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 3,525 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,525 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $167,423 - $224,681 ============================================================= ==================== ==================== ====================
548 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southwestern Traralgon Power MEC International Generation B.V. Pty. Ltd. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $14 - $6,723 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 69 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 14 - 6,792 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 2,315 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $84,936 1,785,031 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 84,936 1,787,346 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $14 $84,936 $1,794,263 ============================================================= ==================== ==================== ====================
549 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC Adjustments International B.V. Consolidated - ------------------------------------------------------------- ---------------------- ------------------ -------------------- ASSETS - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Cash and equivalents ($18,014) $293,844 - Receivables - net (13,776) 203,237 - Fuel inventory - 95,399 - Materials and supplies, at average cost - 27,341 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (16,563) 25,988 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total current assets (48,353) 645,809 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Nonutility property - net (240,138) 5,914,964 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,948,969) 559,693 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total investment and other assets (2,189,107) 6,474,657 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total utility plant - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (5,359) 408,586 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total deferred charges (5,359) 408,586 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total assets ($2,242,819) $7,529,052 - ============================================================= ====================== ================== ====================
550 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Adelaide Ventures Beheer-en Valley Power Pty Ltd. Beleggingsmaat Ltd [6] schappi Botara B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $7 - Accrued taxes - (4) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 22 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 14 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $17 - ============================================================= ==================== ==================== ====================
551 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Pte Energy Energy Services Ltd Consolidated International B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($5,251) ($252) $9 Accrued taxes 3,556 - (5) Accrued interest - 14 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,695) (238) 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,367 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 551 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,918 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 231,489 26 19 Additional paid-in capital 2,985 208 - Accumulated other comprehensive income: Cumulative translation adjustments - net (474) - - Unrealized gain in equity securities-net - - - Retained earnings 30,342 21 (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 264,342 255 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $264,565 $17 $14 ============================================================= ==================== ==================== ====================
552 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Caliraya B.V. Operation & Maintenance Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $12 - $3 Accrued taxes (5) - (3) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 4 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 19 - 24 Additional paid-in capital 309 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (2) - (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 326 - 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $337 - $17 ============================================================= ==================== ==================== ====================
553 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Kayalaan B.V. EME Tri Gen B.V. EME Victoria B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3 $10 $16 Accrued taxes (3) (5) (13) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 5 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 24 17 21 Additional paid-in capital 202 1,503 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6) (10) (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 220 1,510 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $220 $1,515 $1 ============================================================= ==================== ==================== ====================
554 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Global Generation Hydro Energy B.V. Iberian B.V. Consolidated Consolidated Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $118,349 ($2,824) $7,724 Accounts payable 162,653 3,072 3,526 Accrued taxes 39,734 1,178 599 Accrued interest 3,436 1,868 2,032 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 324,172 3,294 13,881 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,674,967 126,294 108,208 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 862,337 8,713 8,713 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 108,338 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 970,675 8,713 8,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 536 536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 40 25 - Additional paid-in capital 443,340 8,746 9,711 Accumulated other comprehensive income: Cumulative translation adjustments - net 22,944 (35,242) (4,004) Unrealized gain in equity securities-net - - Retained earnings 13,310 846 1,861 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 479,634 (25,625) 7,568 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,449,448 $113,212 $138,906 ============================================================= ==================== ==================== ====================
555 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Latrobe Power Pty. Loy Yang Holdings MEC Esenyurt B.V. Ltd. Consolidated Pty Ltd. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $21,549 $50 $11,547 Accounts payable (391,752) (15,411) 16,782 Accrued taxes - (76) 983 Accrued interest 16,535 - 93 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (353,668) (15,437) 29,405 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 940,453 3,092 114,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 17,043 1,857 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 508,826 322 4,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 525,869 2,179 4,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 111,897 - 254 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 75 Additional paid-in capital 78,353 - 45,756 Accumulated other comprehensive income: Cumulative translation adjustments - net (53,758) (927) (3,511) Unrealized gain in equity securities-net - - Retained earnings 108,996 25,265 950 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 133,591 24,338 43,270 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,358,142 $14,172 $191,202 ============================================================= ==================== ==================== ====================
556 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC IES B.V. ISAB Energy MEC India B.V. Services s.r.l. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $203 - $32 Accrued taxes (106) - (12) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 97 - 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 25 - 23 Additional paid-in capital 93 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - Retained earnings (201) - (25) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (83) - (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $14 - $18 ============================================================= ==================== ==================== ====================
557 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission MEC Indo Coal B.V. MEC Indonesia B.V. Energy Power [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $10 $16 Accrued taxes - 60 (57) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 70 (41) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 3,037 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 3,037 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 22 21 Additional paid-in capital 15,827 126,849 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - 5,193 1,228 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 21,042 128,098 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $24,149 $128,057 ============================================================= ==================== ==================== ====================
558 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC International MEC Laguna Power Gulf Power Holdings B.V. B.V. Generation Co. Consolidated Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $27 $67 - Accrued taxes (14) (11) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 56 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 21 23 - Additional paid-in capital 4,781 4,252 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 514 (20) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,316 4,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,329 $4,311 - ============================================================= ==================== ==================== ====================
559 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Perth B.V. MEC Priolo B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $3,709 - - Accounts payable (28,921) - ($1,312) Accrued taxes - - 159 Accrued interest 3,097 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (22,115) - (1,153) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 82,719 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 11,040 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 9,743 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 20,783 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 372 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 23 - 21 Additional paid-in capital - - 20,457 Accumulated other comprehensive income: Cumulative translation adjustments - net (3,709) - 188 Unrealized gain in equity securities-net - - - Retained earnings 12,181 - (529) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 8,495 - 20,137 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $90,254 - $18,984 ============================================================= ==================== ==================== ====================
560 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $57 $23 $24 Accrued taxes (11) (9) (10) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 46 14 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 23 26 26 Additional paid-in capital 4,590 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings (24) (23) (24) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,589 3 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4,635 $17 $16 ============================================================= ==================== ==================== ====================
561 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $21,996 - Accounts payable ($190,629) (11,372) $343 Accrued taxes (1,633) 1,406 127 Accrued interest 9,722 2,111 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (182,540) 14,141 470 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 129,274 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 32,035 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 32,035 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 511 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 22,751 13 Additional paid-in capital - 11,620 - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,356) 3,218 2 Unrealized gain in equity securities-net - - Retained earnings 300,440 54,074 258 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 533,782 91,663 273 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,424,618 $267,624 $743 ============================================================= ==================== ==================== ====================
562 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Pride Hold Limited Rillington EcoElectrica Consolidated Holdings Limited S.a.r.l. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $21,996 - - Accounts payable (36,858) - $55 Accrued taxes (105) - 102 Accrued interest 2,111 - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (12,856) - 157 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 98,424 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 31,907 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 31,907 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 15 Additional paid-in capital 161 224,330 Accumulated other comprehensive income: Cumulative translation adjustments - net 1,822 - - Unrealized gain in equity securities-net - - - Retained earnings 47,965 - 179 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 49,948 - 224,524 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $167,423 - $224,681 ============================================================= ==================== ==================== ====================
563 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Southwestern Traralgon Power MEC International Generation B.V. Pty. Ltd B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - $2,705 Accounts payable $5 ($11,153) 535,255 Accrued taxes (5) - (13,751) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (11,153) 524,209 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 133,068 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (6,883) (55) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (6,883) (55) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 21 - 133,131 Additional paid-in capital - - 1,102,378 Accumulated other comprehensive income: Cumulative translation adjustments - net - (20,198) 53,762 Unrealized gain in equity securities-net - - Retained earnings (7) (9,898) (19,162) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 14 (30,096) 1,270,109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $14 $84,936 $1,794,263 ============================================================= ==================== ==================== ====================
564 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC International Adjustments B.V. Consolidated - ------------------------------------------------------------- --------------------- ------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- --------------------- ------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($19,172) $187,629 - Accounts payable 315,770 345,069 - Accrued taxes (24,985) 7,081 - Accrued interest 11,165 52,184 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 148,957 148,957 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total current liabilities 431,735 740,920 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Long-term debt (1,040,152) 3,044,725 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Accumulated deferred income taxes - net (9,859) 1,223,658 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 23,676 686,265 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total deferred credits & other liabilities 13,817 1,909,923 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Minority Interest (82,563) 137,603 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Common stock (531,553) 133,131 - Additional paid-in capital (1,004,073) 1,102,378 Accumulated other comprehensive income: Cumulative translation adjustments - net 111,601 28,358 - Unrealized gain in equity securities-net - - Retained earnings (141,631) 432,014 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total common shareholders' equity (1,565,656) 1,695,881 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total liabilities and shareholders' equity ($2,242,819) $7,529,052 - ============================================================= ===================== =================== ====================
565 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Adelaide Ventures Beheer-en Valley Power Pty Ltd. Beleggingsmaat Ltd [6] schappij Botara B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (8) - Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($8) - ============================================================= ==================== ==================== ====================
566 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Pte Energy Energy Services Ltd. Consolidated International B.V. B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,426 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 19,627 - - Depreciation, decommissioning and amortization 673 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 20,300 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,126 - - Interest and dividend income 7,157 - - Other nonoperating income (deductions)-net 17,242 ($4) ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 24,399 (4) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 26,525 (4) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (54) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (54) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 26,579 (4) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 3,504 (2) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 23,075 (2) (5) Retained earnings - beginning of year 7,267 23 (4) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $30,342 $21 ($9) ============================================================= ==================== ==================== ====================
567 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission EME Caliraya B.V. Operation & Maintenance Services B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1 - - Depreciation, decommissioning and amortization - - $5 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1 - 5 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (1) - (5) Interest and dividend income - - - Other nonoperating income (deductions)-net - - (6) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - (6) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (1) - (11) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (1) - (11) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (4) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1) - (7) Retained earnings - beginning of year (2) - - Dividends declared on common stock, other 1 - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2) - ($7) =============================================================== ==================== ==================== ====================
568 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Kayalaan B.V. EME Tri Gen B.V. EME Victoria B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization $5 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (5) - - Interest and dividend income - $2 - Other nonoperating income (deductions)-net (4) (8) ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (4) (6) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (9) (6) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (9) (6) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (3) (2) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (6) (4) (4) Retained earnings - beginning of year - (6) (19) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) ($10) ($23) ============================================================= ==================== ==================== ====================
569 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Global Generation Hydro Energy B.V. Iberian B.V. Consolidated Consolidated Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $315,213 $22,409 $22,409 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 315,213 22,409 22,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 117,945 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 90,873 4,033 4,038 Depreciation, decommissioning and amortization 46,133 3,850 3,908 Property and other taxes - 96 96 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 254,951 7,979 8,042 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 60,262 14,430 14,367 Interest and dividend income 3,785 389 440 Other nonoperating income (deductions)-net (16) (160) 84 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,769 229 524 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 64,031 14,659 14,891 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 57,573 8,174 8,465 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 57,573 8,174 8,465 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (186) (186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 6,458 6,299 6,240 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (6,852) 2,461 2,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 13,310 3,838 3,804 Retained earnings - beginning of year - (2,991) (1,443) Dividends declared on common stock, other - (1) 500 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $13,310 $846 $1,861 ============================================================= ==================== ==================== ====================
570 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Latrobe Power Pty. Loy Yang Holdings MEC Esenyurt B.V. Ltd. Consolidated Pty. Ltd. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $168,680 $16,814 $37,999 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 168,680 16,814 37,999 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 23,261 - 20,028 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 23,077 15,064 8,252 Depreciation, decommissioning and amortization 28,560 512 4,082 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 74,898 15,576 32,362 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 93,782 1,238 5,637 Interest and dividend income 20,028 270 37 Other nonoperating income (deductions)-net 2,197 11 (1,453) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 22,225 281 (1,416) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 116,007 1,519 4,221 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 66,410 - 6,758 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 66,410 - 6,758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 49,597 1,519 (2,537) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 27,820 (13,732) (3,428) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 21,777 15,251 891 Retained earnings - beginning of year 87,219 10,014 58 Dividends declared on common stock, other - - 1 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $108,996 $25,265 $950 ============================================================= ==================== ==================== ====================
571 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC IES B.V. ISAB Energy MEC India B.V. Services s.r.l. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net ($101) - ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (101) - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (101) - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (101) - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (35) - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (66) - (5) Retained earnings - beginning of year (135) - (20) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($201) - ($25) ============================================================= ==================== ==================== ====================
572 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission MEC Indo Coal B.V. MEC Indonesia B.V. Energy Power [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $2,010 $1,363 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,010 1,363 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - 625 28 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 625 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 1,385 1,335 Interest and dividend income - 73 - Other nonoperating income (deductions)-net - 315 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 388 (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 1,773 1,328 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 1,773 1,328 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 623 (12) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 1,150 1,340 Retained earnings - beginning of year - 4,043 (112) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $5,193 $1,228 ============================================================= ==================== ==================== ====================
573 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC International MEC Laguna Power Gulf Power Holdings B.V. B.V. Generation Co. Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $7 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 2 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 5 - - Interest and dividend income - - - Other nonoperating income (deductions)-net (10) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (10) (5) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (5) (5) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (5) (5) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1) (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (4) (3) - Retained earnings - beginning of year 518 (17) - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $514 ($20) - ============================================================= ==================== ==================== ====================
574 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Perth B.V. MEC Priolo B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $39,808 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 39,808 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 21,095 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 708 - - Depreciation, decommissioning and amortization 3,838 - - Property and other taxes - - $255 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 25,641 - 255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 14,167 - (255) Interest and dividend income 1,041 - 31 Other nonoperating income (deductions)-net (2,445) - 156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (1,404) - 187 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 12,763 - (68) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,075 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 7,075 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (63) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 5,625 - (68) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (12) - (24) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 5,637 - (44) Retained earnings - beginning of year 6,544 - (485) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $12,181 - ($529) ============================================================= ==================== ==================== ====================
575 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net ($8) ($8) ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (8) (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (8) (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (8) (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (3) (3) (4) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (5) (5) (4) Retained earnings - beginning of year (19) (18) (20) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($24) ($23) ($24) ============================================================= ==================== ==================== ====================
576 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Wales B.V. Mission Energy Mission Energy Consolidated Company (UK) Italia s.r.l. Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $344,144 $125,199 $1,908 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 344,144 125,199 1,908 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 41,184 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 38,568 1,715 Depreciation, decommissioning and amortization 23,661 10,646 - Property and other taxes 17,042 2,407 46 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,898 92,805 1,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 160,246 32,394 147 Interest and dividend income 13,115 3,425 - Other nonoperating income (deductions)-net (35) (271) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 13,080 3,154 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 173,326 35,548 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 9,652 - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 9,652 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) (2,659) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 87,819 23,237 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (14,939) 8,268 81 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 102,758 14,969 66 Retained earnings - beginning of year 1,500 34,575 192 Dividends declared on common stock, other 196,182 4,530 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $300,440 $54,074 $258 ============================================================= ==================== ==================== ====================
577 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Pride Hold Limited Rillington EcoElectrica Consolidated Holdings Limited S.a.r.l. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $95,622 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 95,622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,150 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 14,350 - $259 Depreciation, decommissioning and amortization 8,073 - - Property and other taxes 2,086 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65,659 - 259 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 29,963 - (259) Interest and dividend income (5,734) - 105 Other nonoperating income (deductions)- net - - 213 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (5,734) - 318 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 24,229 - 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,328 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 7,328 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 16,901 - 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 7,587 - 43 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 9,314 - 16 Retained earnings - beginning of year 38,652 - 163 Dividends declared on common stock, other (1) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $47,965 - $179 ============================================================= ==================== ==================== ====================
578 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Southwestern Traralgon Power MEC International Generation B.V. Pty. Ltd. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - $1,203 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 1,203 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (1,203) Interest and dividend income - $853 18,065 Other nonoperating income (deductions)-net ($12) - (1,740) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (12) 853 16,325 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (12) 853 15,122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 37,852 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 37,852 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (12) 853 (22,586) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (5) 8,364 (8,006) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (7) (7,511) (14,580) Retained earnings - beginning of year - (2,387) (4,582) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($7) ($9,898) ($19,162) ============================================================= ==================== ==================== ====================
579 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating MEC International Adjustments B.V. Consolidated - ------------------------------------------------------------- --------------------- ------------------- -------------------- Electric utility - - - Unregulated power generation ($206,220) $1,009,791 - Financial services and other - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total operating revenue (206,220) 1,009,791 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Fuel (41,150) 309,493 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (16,876) 260,904 - Depreciation, decommissioning and amortization (11,736) 124,068 Property and other taxes (21,708) 320 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total operating expenses (91,470) 694,785 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Operating income (114,750) 315,006 - Interest and dividend income (53,648) 9,434 - Other nonoperating income (deductions)-net (33,692) 47,575 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total other income - net (19,956) 57,009 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Income before fixed charges and taxes (134,706) 372,015 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Interest and amortization on long-term debt (69,635) 199,018 - Other interest expense - net 1,429 2,178 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total fixed charges (68,206) 201,196 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Minority interest (6,972) (35,260) - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Income before taxes (73,472) 135,559 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Income taxes (20,073) (5,967) - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Net income (53,399) 141,526 - Retained earnings - beginning of year 111,980 290,488 - Dividends declared on common stock, other (200,712) - - Dividends declared on preferred stock 500 - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Retained earnings - end of year ($141,631) $432,014 - ============================================================= ===================== =================== ====================
580 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operation & Pacific Pte Ltd. Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $663 - $15,000 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 496 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,159 - 15,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,159 - $15,000 ============================================================= ==================== ==================== ====================
581 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- ---------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Cash and equivalents $1,815 $1,046 - Receivables - net 329 - $130 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 59 1,189 (130) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total current assets 2,203 2,235 - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Nonutility property - net 5 1,938 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 241,607 235 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total investment and other assets 5 243,545 235 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 183 - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total deferred charges - 183 - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total assets $2,208 $245,963 $235 ============================================================= ==================== ==================== ======================
582 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Energy Asia Pte Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,861 - - Receivables - net 16,122 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,614 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20,597 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,943 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 241,842 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 243,785 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 183 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 183 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $264,565 - - ============================================================= ==================== ==================== ====================
583 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operation & Pacific Pte Ltd. Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1,144 - $15,102 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,144 - 15,102 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 8 - 5 Unrealized gain in equity securities-net - - - Retained earnings 7 - (107) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15 - (102) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,159 - $15,000 ============================================================= ==================== ==================== ====================
584 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- ---------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($19,021) ($2,476) Accrued taxes $272 2,121 1,163 Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 37 - (37) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total current liabilities 309 (16,900) (1,350) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Accumulated deferred income taxes - net - 1,367 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 551 - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total deferred credits & other liabilities - 1,918 - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Common stock - 231,489 - Additional paid-in capital 1,500 - 1,485 Accumulated other comprehensive income: Cumulative translation adjustments - net (562) 3,572 (3,497) Unrealized gain in equity securities-net - - - Retained earnings 961 25,884 3,597 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total common shareholders' equity 1,899 260,945 1,585 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total liabilities and shareholders' equity $2,208 $245,963 $235 ============================================================= ==================== ==================== ======================
585 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($5,251) - - Accrued taxes 3,556 - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,695) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,367 - - Accumulated deferred investment - - - tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 551 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,918 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 231,489 - - Additional paid-in capital 2,985 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (474) - - Unrealized gain in equity securities-net - - Retained earnings 30,342 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 264,342 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $264,565 - - ============================================================= ==================== ==================== ====================
586 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Asia Energy Fuel Operations & Pacific Pte Ltd Company Pte Ltd. Maintenance Services Pte Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $18,869 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 18,869 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 18,875 Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 18,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (6) Interest and dividend income - - - Other nonoperating income (deductions)-net $25 (99) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 25 - (99) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 25 - (105) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 25 - (105) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 18 - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 7 - (104) Retained earnings - beginning of year - - (3) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7 - ($107) ============================================================= ==================== ==================== ====================
587 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Electric utility - - - Unregulated power generation $5,120 - ($1,563) Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total operating revenue 5,120 (1,563) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,552 $14,946 (18,746) Depreciation, decommissioning and amortization 10 673 (10) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total operating expenses 4,562 15,619 (18,756) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Operating income 558 (15,619) 17,193 Interest and dividend income - 7,191 (34) Other nonoperating income (deductions)-net 69 34,490 (17,243) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total other income - net 69 41,681 (17,277) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Income before fixed charges and taxes 627 26,062 (84) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Interest and amortization on long-term debt (70) - 16 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total fixed charges (70) - 16 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Income before taxes 697 26,062 (100) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Income taxes 337 5,497 (2,347) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Net income 360 20,565 2,247 Retained earnings - beginning of year 601 5,319 1,350 Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Retained earnings - end of year $961 $25,884 $3,597 ============================================================= ==================== ==================== ======================
588 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,426 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,426 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 19,627 - - Depreciation, decommissioning and amortization 673 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 20,300 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 2,126 - - Interest and dividend income 7,157 - - Other nonoperating income (deductions)-net 17,242 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 24,399 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 26,525 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (54) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (54) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 26,579 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 3,504 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 23,075 - - Retained earnings - beginning of year 7,267 - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $30,342 - - ============================================================= ==================== ==================== ====================
589 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Operation & Operation & Philippines Maintenance Maintenance Operation & Services Services, B.V. Maintenance (Thailand) Services Corp. Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $218 $103 $14 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 218 103 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 309 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 309 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $220 $103 $323 ============================================================= ==================== ==================== ====================
590 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Operation & Maintenance Services B.V. Consolidated - ------------------------------------------------------------- ----------------------- ----------------- -------------------- ASSETS - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Cash and equivalents - $335 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Total current assets - 335 - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($309) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Total investment and other assets (309) - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 2 - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Total deferred charges - 2 - - ------------------------------------------------------------- ----------------------- ----------------- -------------------- Total assets ($309) $337 - ============================================================= ======================= ================= ====================
591 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Operation & Operation & Philippines Maintenance Maintenance Operation & Services Services, B.V. Maintenance (Thailand) Services Corp. Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $2 $1 $8 Accrued taxes - - (4) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2 1 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 4 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 206 103 19 Additional paid-in capital - - 309 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 8 (1) (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 214 102 319 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $220 $103 $323 ============================================================= ==================== ==================== ====================
592 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Operation & Mainenance Services B.V. Consolidated - ------------------------------------------------------------- --------------------- ---------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $11 - Accrued taxes - (4) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Total current liabilities - 7 - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Accumulated deferred income taxes - net - 4 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Total deferred credits & other liabilities - 4 - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Common stock ($309) 19 - Additional paid-in capital - 309 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - (2) - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Total common shareholders' equity (309) 326 - - ------------------------------------------------------------- --------------------- ---------------------- -------------------- Total liabilities and shareholders' equity ($309) $337 - ============================================================= ===================== ====================== ====================
593 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Operation & Operation & Philippines Maintenance Maintenance Operation & Services Services, B.V. Maintenance (Thailand) Services Corp. Company - -------------------------------------------------------------- ------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total operating revenue - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $1 - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total operating expenses - 1 - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Operating income - (1) - Interest and dividend income - - - Other nonoperating income (deductions)-net $12 - ($12) - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total other income - net 12 - (12) - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income before fixed charges and taxes 12 (1) (12) - -------------------------------------------------------------- ------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total fixed charges - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Minority interest - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income before taxes 12 (1) (12) - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income taxes 4 - (4) - -------------------------------------------------------------- ------------------- -------------------- -------------------- Net income 8 (1) (8) Retained earnings - beginning of year - - (1) Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Retained earnings - end of year $8 ($1) ($9) ============================================================== =================== ==================== ====================
594 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V.and Subsidiaries[Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Operation & Maintenance Services B.V. Consolidated - -------------------------------------------------------------- --------------------- -------------------- ------------------ Electric utility - - - Unregulated power generation - - - Financial services and other - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Total operating revenue - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $1 - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Total operating expenses - 1 - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Operating income - (1) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Total other income - net - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Income before fixed charges and taxes - (1) - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Total fixed charges - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Minority interest - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Income before taxes - (1) - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Income taxes - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Net income - (1) - Retained earnings - beginning of year - (1) - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- --------------------- -------------------- ------------------ Retained earnings - end of year - ($2) - ============================================================== ===================== ==================== ==================
595 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $201 $132,127 - Receivables - net - - - Fuel inventory - 108,071 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 112,620 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 201 352,818 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,289,157 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 18,408 - Investments in leveraged leases - - - Other investments 516,160 387,727 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 516,160 1,695,292 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 920,239 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 920,239 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $516,361 $2,968,349 - ============================================================= ==================== ==================== ====================
596 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Global Generation Consolidating Global B.V. Adjustments Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $73 - $132,401 Receivables - net - $99,562 99,562 Fuel inventory - (1,105) 106,966 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (99,561) 13,059 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 73 (1,104) 351,988 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,767,733 3,056,890 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 870,531 (888,939) - Investments in leveraged leases - - - Other investments - (903,887) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 870,531 (25,093) 3,056,890 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - (879,669) 40,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (879,669) 40,570 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $870,604 ($905,866) $3,449,448 ============================================================= ==================== ==================== ====================
597 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $104 $162,584 - Accrued taxes - 9,447 - Accrued interest - 3,945 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - 140,516 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 104 316,492 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 2,246,909 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 516,160 395,871 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (515) - Unrealized gain in equity securities-net - - Retained earnings 97 9,592 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 516,257 404,948 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $516,361 $2,968,349 - ============================================================= ==================== ==================== ====================
598 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Global Generation Consolidating Global B.V. Adjustments Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- --------------------- ------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- --------------------- ------------------- Short-term debt - - - Current portion of long-term debt - $118,349 $118,349 Accounts payable $5 (40) 162,653 Accrued taxes (4,248) 34,535 39,734 Accrued interest - (509) 3,436 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - (140,516) - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total current liabilities (4,243) 11,819 324,172 - ------------------------------------------------------------- -------------------- --------------------- ------------------- Long-term debt 439,397 (1,011,339) 1,674,967 - ------------------------------------------------------------- -------------------- --------------------- ------------------- Accumulated deferred income taxes - net - 862,337 862,337 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 108,338 108,338 Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total deferred credits & other liabilities - 970,675 970,675 - ------------------------------------------------------------- -------------------- --------------------- ------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Common stock 39 (912,030) 40 Additional paid-in capital 443,340 - 443,340 Accumulated other comprehensive income: Cumulative translation adjustments - net - 23,459 22,944 Unrealized gain in equity securities-net - - Retained earnings (7,929) 11,550 13,310 - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total common shareholders' equity 435,450 (877,021) 479,634 - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total liabilities and shareholders' equity $870,604 ($905,866) $3,449,448 ============================================================= ==================== ===================== ===================
599 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $317,233 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 317,233 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 113,207 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $16 88,857 - Depreciation, decommissioning and amortization - 46,517 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 16 248,581 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (16) 68,652 - Interest and dividend income 121 3,663 - Other nonoperating income (deductions)-net - (582) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 121 3,081 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 105 71,733 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 52,878 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 52,878 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 105 18,855 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8 9,263 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 97 9,592 - Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $97 $9,592 - ============================================================= ==================== ==================== ====================
600 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Global Generation Consolidating Global B.V. Adjustments Generation B.V. Consolidated - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Electric utility - - - Unregulated power generation - ($2,020) $315,213 Financial services and other - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total operating revenue - (2,020) 315,213 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Fuel - 4,738 117,945 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 2,000 90,873 Depreciation, decommissioning and amortization - (384) 46,133 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total operating expenses - 6,354 254,951 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Operating income - (8,374) 60,262 Interest and dividend income $1 - 3,785 Other nonoperating income (deductions)-net (16) 582 (16) - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total other income - net (15) 582 3,769 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income before fixed charges and taxes (15) (7,792) 64,031 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Interest and amortization on long-term debt 12,184 (7,489) 57,573 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total fixed charges 12,184 (7,489) 57,573 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Minority interest - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income before taxes (12,199) (303) 6,458 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income taxes (4,270) (11,853) (6,852) - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Net income (7,929) 11,550 13,310 Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Retained earnings - end of year ($7,929) $11,550 $13,310 ============================================================= ==================== ====================== ==================
601 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Finance UK Energy Generation Marketing and Limited Finance PLC Services Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $615 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 64 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 679 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 362 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 362 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,041 - - ============================================================= ==================== ==================== ====================
602 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey Holdings South Australia Edison First Power Limited Holdings Ltd. Holdings I Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $131,512 - - Receivables - net - - - Fuel inventory 108,071 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 112,556 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 352,139 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,288,795 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $18,408 Investments in leveraged leases - - - Other investments 387,727 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,676,522 - 18,408 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 920,239 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 920,239 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,948,900 - $18,408 ============================================================= ==================== ==================== ====================
603 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison First Power Adjustments Holdings I Consolidated - ------------------------------------------------------------- ----------------------- -------------------- ----------------- ASSETS - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Cash and equivalents - $132,127 - Receivables - net - - - Fuel inventory - 108,071 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 112,620 - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Total current assets - 352,818 - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Nonutility property - net - 1,289,157 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 18,408 - Investments in leveraged leases - - - Other investments - 387,727 - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Total investment and other assets - 1,695,292 - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Total utility plant - - - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 920,239 - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Total deferred charges - 920,239 - - ------------------------------------------------------------- ----------------------- -------------------- ----------------- Total assets - $2,968,349 - ============================================================= ======================= ==================== =================
604 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Finance UK Energy Generation Marketing and Limited Finance PLC Services Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $895 ($22,871) ($12) Accrued taxes - - - Accrued interest - 303 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 146 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,041 (22,568) (12) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 22,582 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 21 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (1) (2) - Unrealized gain in equity securities-net - - Retained earnings 1 (12) (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - ($14) $12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,041 - - ============================================================= ==================== ==================== ====================
605 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey Holdings South Australia Edison First Power Limited Holdings Ltd. Holdings I Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $369,377 - ($369,377) Accounts payable 183,702 - 870 Accrued taxes 4,191 - 5,256 Accrued interest 21,992 - (18,350) Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 140,370 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 719,632 - (381,601) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 2,224,327 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 8,065 - 387,785 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (228) - (284) Unrealized gain in equity securities-net - - - Retained earnings (2,896) - 12,508 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,941 - 400,009 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,948,900 - $18,408 ============================================================= ==================== ==================== ====================
606 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison First Adjustments Power Holdings I Consolidated - ------------------------------------------------------------- ---------------------- ------------------ -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $162,584 - Accrued taxes - 9,447 - Accrued interest - 3,945 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - 140,516 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total current liabilities - 316,492 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Long-term debt - 2,246,909 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Minority Interest - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Common stock - 395,871 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (515) - Unrealized gain in equity securities-net - - Retained earnings - 9,592 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total common shareholders' equity - 404,948 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total liabilities and shareholders' equity - $2,968,349 - ============================================================= ====================== ================== ====================
607 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission EME Finance UK Energy Generation Marketing and Limited Finance PLC Services Limited - --------------------------------------------------------------- ------------------ -------------------- -------------------- Electric utility - - - Unregulated power generation $1,520 $3,671 - Financial services and other - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Total operating revenue 1,520 3,671 - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,519 3,683 $9 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Total operating expenses 1,519 3,683 9 - --------------------------------------------------------------- ------------------ -------------------- -------------------- Operating income 1 (12) (9) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Total other income - net - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Income before fixed charges and taxes 1 (12) (9) - --------------------------------------------------------------- ------------------ -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Income before taxes 1 (12) (9) - --------------------------------------------------------------- ------------------ -------------------- -------------------- Income taxes - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Net income 1 (12) (9) Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- ------------------ -------------------- -------------------- Retained earnings - end of year $1 ($12) ($9) =============================================================== ================== ==================== ====================
608 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Maplekey Holdings South Australia Edison First Power Limited Holdings Ltd. Holdings I Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $312,042 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 312,042 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 113,207 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 82,811 - $835 Depreciation, decommissioning and amortization 46,517 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 242,535 - 835 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 69,507 - (835) Interest and dividend income 3,663 - - Other nonoperating income (deductions)-net (582) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,081 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 72,588 - (835) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 71,335 - (18,457) Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 71,335 - (18,457) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 1,253 - 17,622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 4,149 - 5,114 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (2,896) - 12,508 Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($2,896) - $12,508 ============================================================= ==================== ==================== ====================
609 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Edison First Power Adjustments Holdings I Consolidated - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Electric utility - - - Unregulated power generation - $317,233 - Financial services and other - - - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Total operating revenue 317,233 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Fuel - 113,207 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 88,857 - Depreciation, decommissioning and amortization - 46,517 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Total operating expenses - 248,581 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Operating income - 68,652 - Interest and dividend income - 3,663 - Other nonoperating income (deductions)-net - (582) - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Total other income - net - 3,081 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Income before fixed charges and taxes - 71,733 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Interest and amortization on long-term debt - 52,878 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Total fixed charges - 52,878 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Minority interest - - - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Income before taxes - 18,855 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Income taxes - 9,263 - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Net income - 9,592 - Retained earnings - beginning of year - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- ---------------------- -------------------- ------------------ Retained earnings - end of year - $9,592 - ============================================================= ====================== ==================== ==================
610 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $131,512 Receivables - net - - - Fuel inventory - - 108,071 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 112,556 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 352,139 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,288,795 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $8,065 $8,065 - Investments in leveraged leases - - - Other investments 387,727 387,727 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 395,792 395,792 1,288,795 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 920,239 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 920,239 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $395,792 $395,792 $2,561,173 ============================================================= ==================== ==================== ====================
611 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey Holdings Consolidating Maplekey Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- ---------------------- ------------------ ASSETS - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Cash and equivalents - - $131,512 Receivables - net - - - Fuel inventory - - 108,071 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 112,556 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total current assets - - 352,139 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Nonutility property - net - - 1,288,795 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $8,065 ($24,195) - Investments in leveraged leases - - - Other investments 387,727 (775,454) 387,727 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total investment and other assets 395,792 (799,649) 1,676,522 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 920,239 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total deferred charges - - 920,239 - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total assets $395,792 ($799,649) $2,948,900 ============================================================= ==================== ====================== ==================
612 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $369,377 $369,377 - Accounts payable 14 13 $183,661 Accrued taxes - - 4,191 Accrued interest 18,350 18,350 21,992 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - 140,370 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 387,741 387,740 350,214 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,224,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 8,065 8,065 8,065 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - (121) Unrealized gain in equity securities-net - - Retained earnings (14) (13) (21,312) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 8,051 8,052 (13,368) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $395,792 $395,792 $2,561,173 ============================================================= ==================== ==================== ====================
613 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Maplekey Holdings Consolidating Maplekey Holdings Limited Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- ---------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Short-term debt - - - Current portion of long-term debt $369,377 ($738,754) $369,377 Accounts payable 13 1 183,702 Accrued taxes - - 4,191 Accrued interest 18,350 (55,050) 21,992 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - 140,370 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total current liabilities 387,740 (793,803) 719,632 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Long-term debt - - 2,224,327 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Common stock 8,065 (24,195) 8,065 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (107) (228) Unrealized gain in equity securities-net - - Retained earnings (13) 18,456 (2,896) - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total common shareholders' equity 8,052 (5,846) 4,941 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total liabilities and shareholders' equity $395,792 ($799,649) $2,948,900 ============================================================= ==================== ====================== ====================
614 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $312,042 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 312,042 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 113,207 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $14 $13 82,771 Depreciation, decommissioning and amortization - - 46,517 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 14 13 242,495 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (14) (13) 69,547 Interest and dividend income - - 3,663 Other nonoperating income (deductions)-net - - (582) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - 3,081 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (14) (13) 72,628 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 89,791 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 89,791 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (14) (13) (17,163) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - 4,149 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (14) (13) (21,312) Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($14) ($13) ($21,312) ============================================================= ==================== ==================== ====================
615 MEC International B.V., Global Generation B.V. Edison First Power Holdings I Maplekey Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Maplekey Holdings Consolidating Maplekey Holdings Limited Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Electric utility - - - Unregulated power generation - - $312,042 Financial services and other - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total operating revenue 312,042 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Fuel - - 113,207 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $13 - 82,811 Depreciation, decommissioning and amortization - - 46,517 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total operating expenses 13 - 242,535 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Operating income (13) - 69,507 Interest and dividend income - - 3,663 Other nonoperating income (deductions)-net - - (582) - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total other income - net - - 3,081 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Income before fixed charges and taxes (13) - 72,588 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Interest and amortization on long-term debt - ($18,456) 71,335 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total fixed charges - (18,456) 71,335 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Income before taxes (13) 18,456 1,253 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Income taxes - - 4,149 - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Net income (13) 18,456 (2,896) Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Retained earnings - end of year ($13) $18,456 ($2,896) ============================================================= ==================== ====================== ====================
616 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Adelaide EME Monet Ltd. Ausone Pty Ltd. Energy Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
617 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
South Australia Consolidating South Australia Holdings Ltd. Adjustments Holdings Ltd. Consolidated - ------------------------------------------------------------- -------------------- ---------------------- --------------------- ASSETS - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total assets - - - ============================================================= ==================== ====================== =====================
618 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission EME Adelaide EME Monet Ltd. Ausone Pty Ltd. Energy Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
619 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
South Australia Consolidating South Australia Holdings Ltd. Adjustments Holdings Ltd. Consolidated - ------------------------------------------------------------- -------------------- ---------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Common stock - - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ====================== ====================
620 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission EME Adelaide EME Monet Ltd. Ausone Pty Ltd. Energy Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
621 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australia Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
South Australia Consolidating South Australia Holdings Ltd. Adjustments Holdings Ltd. Consolidated - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Total operating revenue - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Total operating expenses - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Total other income - net - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Income before fixed charges and taxes - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Total fixed charges - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Minority interest - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Income before taxes - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Income taxes - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- ------------------- ---------------------- -------------------- Retained earnings - end of year - - - ============================================================== =================== ====================== ====================
622 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission De Edison Mission Edison Mission Laide Pty Ltd. Vendesi Pty Ltd. Utilities Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
623 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Monet Ltd. Consolidating EME Monet Ltd. Adjustments Consolidated - ------------------------------------------------------------- -------------------- ---------------------- --------------------- ASSETS - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total investment and other assets - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- ---------------------- --------------------- Total assets - - - ============================================================= ==================== ====================== =====================
624 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission De Edison Mission Edison Mission Laide Pty Ltd. Vendesi Pty Ltd. Utilities Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
625 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Monet Ltd. Consolidating EME Monet Ltd. Adjustments Consolidated - ------------------------------------------------------------- -------------------- ---------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Common stock - - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- ---------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ====================== ====================
626 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission De Edison Mission Edison Mission Laide Pty Ltd. Vendesi Pty Ltd. Utilities Pty Ltd. - -------------------------------------------------------------- ------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total operating revenue - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total operating expenses - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total other income - net - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Total fixed charges - -------------------------------------------------------------- ------------------- -------------------- -------------------- Minority interest - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income before taxes - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Income taxes - -------------------------------------------------------------- ------------------- -------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- ------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================== =================== ==================== ====================
627 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australia Holdings Ltd. EME Monet Ltd. and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Monet Ltd. Consolidating EME Monet Ltd. Adjustments Consolidated - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total operating revenue - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total operating expenses - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total other income - net - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Total fixed charges - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Minority interest - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income before taxes - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Income taxes - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Net income Retained earnings - beginning of year - - - Dividends declared on common stock, other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- ---------------------- ------------------ Retained earnings - end of year - - - ============================================================= ==================== ====================== ==================
MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [8] Ebro, S.A. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,654 - - Receivables - net 7,029 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 643 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 100,845 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (2,796) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 98,049 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 1,836 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,836 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $113,211 - - ============================================================= ==================== ==================== ====================
629 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hydro Energy B.V Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - $5,655 Receivables - net - - 7,029 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1 - 13,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 100,845 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $24,871 ($24,871) (2,796) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 24,871 (24,871) 98,049 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,872 ($24,871) $113,212 ============================================================= ==================== ==================== ====================
630 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [8] Ebro, S.A. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($4,840) - - Accounts payable 3,039 - - Accrued taxes 1,205 - - Accrued interest 1,868 - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,272 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 78,778 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,713 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,713 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 536 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 23,387 - - Additional paid-in capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (9,442) - - Unrealized gain in equity securities-net - - - Retained earnings 1,221 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 23,912 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $113,211 - - ============================================================= ==================== ==================== ====================
631 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hydro Energy B.V Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $2,016 - ($2,824) Accounts payable 33 - 3,072 Accrued taxes (27) - 1,178 Accrued interest - - 1,868 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,022 - 3,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 29,428 $18,088 126,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 8,713 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 25 (23,387) 25 Additional paid-in capital - - 8,746 Accumulated other comprehensive income: Cumulative translation adjustments - net 3,214 (29,014) (35,242) Unrealized gain in equity securities-net - - Retained earnings (9,817) 9,442 846 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (6,578) (42,959) (25,626) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $24,872 ($24,871) $113,212 ============================================================= ==================== ==================== ====================
632 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [8] Ebro, S.A. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,409 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,027 - - Depreciation, decommissioning and amortization 3,850 - - Property and other taxes 96 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,973 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 14,436 - - Interest and dividend income 389 - - Other nonoperating income (deductions)-net (262) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 127 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 14,563 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 8,088 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 8,088 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (186) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 6,289 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 2,458 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3,831 - - Retained earnings - beginning of year (2,610) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,221 - - ============================================================= ==================== ==================== ====================
633 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Hydro Energy B.V Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $22,409 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - 4,033 Depreciation, decommissioning and amortization - - 3,850 Property and other taxes - - 96 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - 7,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (6) - 14,430 Interest and dividend income - - 389 Other nonoperating income (deductions)-net 102 - (160) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 102 - 229 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 96 - 14,659 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 86 - 8,174 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 86 - 8,174 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 10 - 6,299 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 4 - 2,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 6 - 3,838 Retained earnings - beginning of year (9,823) $9,442 (2,991) Dividends declared on common stock - - (1) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,817) $9,442 $846 ============================================================= ==================== ==================== ====================
634 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberian EME Desarrello Hydro Energy B.V. Hy-Power Amsterdam Espana S.L. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $179 $3 $5,655 Receivables - net - 25 7,029 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 179 28 13,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 100,845 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 3,848 - (2,796) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,848 - 98,049 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 1,646 - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,646 - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,673 $28 $113,212 ============================================================= ==================== ==================== ====================
635 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.A. S.A. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4,377 $38 - Receivables - net 5,269 54 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 449 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,096 92 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 49,028 469 $17,941 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,906 - (1,052) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 57,934 469 16,889 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 4,561 2,543 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,561 2,543 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $72,590 $3,104 $16,889 ============================================================= ==================== ==================== ====================
636 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberian Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,875 - - Receivables - net 7,108 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 643 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,626 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 119,255 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 119,255 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 6,025 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 6,025 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $138,906 - - ============================================================= ==================== ==================== ====================
637 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberian EME Desarrello Hydro Energy B.V. Hy-Power Amsterdam Espana S.L. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $10,548 - ($2,824) Accounts payable (19) $412 3,072 Accrued taxes (449) (134) 1,178 Accrued interest 164 - 1,868 Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 10,244 278 3,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 126,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 8,713 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1,186 - 25 Additional paid-in capital 965 8,746 Accumulated other comprehensive income: Cumulative translation adjustments - net 4 8 (35,242) Unrealized gain in equity securities-net - - Retained earnings (6,726) (258) 846 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (4,571) (250) (25,625) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,673 $28 $113,212 ============================================================= ==================== ==================== ====================
638 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.A. S.A. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $61 - Accrued taxes - 4 - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 65 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 2 ($18,088) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - $825 (2,036) Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 2,212 29,014 Unrealized gain in equity securities-net - - Retained earnings - - 7,999 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 3,307 34,977 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $3,104 $16,889 ============================================================= ==================== ==================== ====================
639 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberian Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $7,724 - - Accounts payable 3,526 - - Accrued taxes 599 - - Accrued interest 2,032 - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13,881 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 108,208 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,713 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,713 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 536 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 9,711 Accumulated other comprehensive income: Cumulative translation adjustments - net (4,004) - - Unrealized gain in equity securities-net - - Retained earnings 1,861 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,568 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $138,906 - - ============================================================= ==================== ==================== ====================
640 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Iberian EME Desarrello Hydro Energy B.V. Hy-Power Amsterdam Espana S.L. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $22,409 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $5 - 4,033 Depreciation, decommissioning and amortization 58 - 3,850 Property and other taxes - - 96 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 63 - 7,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (63) - 14,430 Interest and dividend income 50 $1 389 Other nonoperating income (deductions)-net 648 (404) (160) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 698 (403) 229 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 635 (403) 14,659 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 290 1 8,174 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 290 1 8,174 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 345 (404) 6,299 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 121 (146) 2,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 224 (258) 3,838 Retained earnings - beginning of year (6,950) - (2,991) Dividends declared on common stock - - (1) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6,726) ($258) $846 ============================================================= ==================== ==================== ====================
641 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.A. S.A. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - - - Retained earnings - beginning of year - - $8,498 Dividends declared on common stock - - (499) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - $7,999 ============================================================= ==================== ==================== ====================
642 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Iberian Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,409 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,038 - - Depreciation, decommissioning and amortization 3,908 - Property and other taxes 96 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8,042 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 14,367 - - Interest and dividend income 440 - - Other nonoperating income (deductions)-net 84 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 524 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 14,891 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 8,465 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 8,465 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (186) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 6,240 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 2,436 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3,804 - - Retained earnings - beginning of year (1,443) - - Dividends declared on common stock (500) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,861 - - ============================================================= ==================== ==================== ====================
643 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [9] Ebro, S.A. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,654 - - Receivables - net 7,030 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 643 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,327 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 100,845 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (2,796) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 98,049 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 1,836 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,836 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $113,212 - - ============================================================= ==================== ==================== ====================
644 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hydro Energy B.V. Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - $5,655 Receivables - net - ($1) 7,029 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1 - 13,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 100,845 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 24,871 (24,871) (2,796) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 24,871 (24,871) 98,049 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 1,836 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,872 ($24,872) $113,212 ============================================================= ==================== ==================== ====================
645 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [9] Ebro, S.A. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt ($4,840) - - Accounts payable 3,039 - - Accrued taxes 1,205 - - Accrued interest 1,868 - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,272 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 78,779 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,713 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,713 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 536 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 23,387 - - Additional paid-in capital 8,746 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (9,442) - - Unrealized gain in equity securities-net - - Retained earnings 1,221 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 23,912 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $113,212 - - ============================================================= ==================== ==================== ====================
646 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Hydro Energy B.V. Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $2,016 - ($2,824) Accounts payable 33 - 3,072 Accrued taxes (27) - 1,178 Accrued interest - - 1,868 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,022 - 3,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 29,428 $18,087 126,294 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 8,713 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 25 (23,387) 25 Additional paid-in capital - - 8,746 Accumulated other comprehensive income: Cumulative translation adjustments - net 3,214 (29,014) (35,242) Unrealized gain in equity securities-net - - Retained earnings (9,817) 9,442 846 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (6,578) (42,959) (25,625) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $24,872 ($24,872) $113,212 ============================================================= ==================== ==================== ====================
647 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Iberica de Electro Monasterio de Energias S.A. Metalurgica del Rueda, S.L. [9] Ebro, S.A. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $22,409 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,027 - - Depreciation, decommissioning and amortization 3,850 - Property and other taxes 96 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,973 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 14,436 - - Interest and dividend income 389 - - Other nonoperating income (deductions)-net (262) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 127 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 14,563 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 8,088 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 8,088 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (186) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 6,289 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 2,458 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3,831 - - Retained earnings - beginning of year (2,610) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,221 - - ============================================================= ==================== ==================== ====================
648 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Hydro Energy B.V. Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $22,409 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - 4,033 Depreciation, decommissioning and amortization - - 3,850 Property and other taxes - - 96 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - 7,979 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (6) - 14,430 Interest and dividend income - 389 Other nonoperating income (deductions)-net 102 (160) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 102 229 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 96 14,659 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 86 - 8,174 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 86 - 8,174 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (186) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 10 - 6,299 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 4 - 2,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 6 - 3,838 Retained earnings - beginning of year (9,823) $9,442 (2,991) Dividends declared on common stock - - (1) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,817) $9,442 $846 ============================================================= ==================== ==================== ====================
649 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.A. Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,277 - $4,377 Receivables - net 1,740 - 5,269 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 194 - 449 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,211 - 10,095 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 6,668 - 49,028 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8 - 8,906 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,676 - 57,934 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 44,597 - 4,561 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 44,597 - 4,561 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $54,484 - $72,590 ============================================================= ==================== ==================== ====================
650 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Iberica de Adjustments Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $5,654 - Receivables - net $21 7,030 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 643 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 21 13,327 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 45,149 100,845 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (11,710) (2,796) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 33,439 98,049 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (47,322) 1,836 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (47,322) 1,836 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($13,862) $113,212 - ============================================================= ==================== ==================== ====================
651 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.A. Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $5,268 - $1,855 Accounts payable 4,049 - 1,572 Accrued taxes 85 - 829 Accrued interest 124 - 117 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 9,526 - 4,373 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 38,827 - 37,103 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 432 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 83 - 17,549 Additional paid-in capital 12 11,062 Accumulated other comprehensive income: Cumulative translation adjustments - net 999 - 4,288 Unrealized gain in equity securities-net - - Retained earnings 4,605 - (1,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,699 - 31,114 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $54,484 - $72,590 ============================================================= ==================== ==================== ====================
652 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Iberica de Adjustments Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($11,963) ($4,840) - Accounts payable (2,582) 3,039 - Accrued taxes 291 1,205 - Accrued interest 1,627 1,868 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (12,627) 1,272 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 2,849 78,779 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,713 8,713 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,713 8,713 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 104 536 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 5,755 23,387 - Additional paid-in capital (2,328) 8,746 - Accumulated other comprehensive income: Cumulative translation adjustments - net (14,729) (9,442) - Unrealized gain in equity securities-net - - - Retained earnings (1,599) 1,221 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (12,901) 23,912 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($13,862) $113,212 - ============================================================= ==================== ==================== ====================
653 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.A. Ebro, S.A. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $10,394 - $12,729 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 10,394 12,729 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,417 - 2,851 Depreciation, decommissioning and amortization 2,727 - 1,675 Property and other taxes 50 - 48 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,194 - 4,574 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 6,200 - 8,155 Interest and dividend income 67 - 350 Other nonoperating income (deductions)-net (195) - (458) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (128) - (108) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 6,072 - 8,047 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 3,867 - 2,651 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 3,867 - 2,651 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (186) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2,019 - 5,396 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 90 1,895 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 1,929 - 3,501 Retained earnings - beginning of year 2,676 - (5,286) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,605 - ($1,785) ============================================================= ==================== ==================== ====================
654 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S. A. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Iberica de Adjustments Energias, S.A. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($714) $22,409 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (714) 22,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (241) 4,027 - Depreciation, decommissioning and amortization (552) 3,850 Property and other taxes (2) 96 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (795) 7,973 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 81 14,436 - Interest and dividend income (27) 390 - Other nonoperating income (deductions)-net 391 (262) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 364 128 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 445 14,564 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 1,571 8,089 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 1,571 8,089 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (186) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (1,126) 6,289 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 473 2,458 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,599) 3,831 - Retained earnings - beginning of year - (2,610) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,599) $1,221 - ============================================================= ==================== ==================== ====================
655 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $57 $1,283 - Receivables - net - 5,012 - Fuel inventory - 4,778 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 732 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 57 11,805 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 739,339 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 184,280 - $95,167 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 184,280 739,339 95,167 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $184,337 $756,139 $95,167 ============================================================= ==================== ==================== ====================
656 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $26,465 $27,805 - Receivables - net 7,065 12,077 - Fuel inventory 4,590 9,368 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 704 1,436 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 38,824 50,686 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 551,772 1,291,111 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (279,447) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 272,325 1,291,111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 11,350 16,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,350 16,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $322,499 $1,358,142 - ============================================================= ==================== ==================== ====================
657 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $11,401 - Current portion of long-term debt - - - Accounts payable ($1,879) (283,049) ($10,703) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,879) (271,648) (10,703) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 418,280 98,758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - (7,309) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 353,905 - Other long-term liabilities - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 354,720 (7,309) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 181,930 186,821 - Accumulated other comprehensive income: Cumulative translation adjustments - net (593) (2,632) 27,713 Unrealized gain in equity securities-net - - Retained earnings 4,888 70,598 (13,292) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 186,225 254,787 14,421 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $184,337 $756,139 $95,167 ============================================================= ==================== ==================== ====================
658 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($11,401) - - Current portion of long-term debt 21,549 $21,549 - Accounts payable 96,121 (391,752) - Accrued taxes - - - Accrued interest 16,535 16,535 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (69,438) (353,668) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 423,415 940,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 17,043 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 154,921 508,826 - Other long-term liabilities 815 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 178,467 525,869 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 111,897 111,897 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - Additional paid-in capital (290,398) 78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net (78,246) (53,758) - Unrealized gain in equity securities-net - - Retained earnings 46,802 108,996 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (321,842) 133,591 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $322,499 $1,358,142 - ============================================================= ==================== ==================== ====================
659 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $55,570 $24,228 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 55,570 24,228 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,759 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,702 24,225 Depreciation, decommissioning and amortization - (8,295) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 15,166 24,225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 40,404 3 Interest and dividend income $2 12,892 871 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 12,892 871 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 2 53,296 874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 34,381 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 34,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2 18,915 874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 9,709 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 2 18,915 (8,835) Retained earnings - beginning of year 4,886 51,683 (4,457) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,888 $70,598 ($13,292) ============================================================= ==================== ==================== ====================
660 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $88,882 $168,680 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,882 168,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 14,502 23,261 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (15,850) 23,077 - Depreciation, decommissioning and amortization 36,855 28,560 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 35,507 74,898 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 53,375 93,782 - Interest and dividend income 6,263 20,028 - Other nonoperating income (deductions)-net 2,197 2,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 8,460 22,225 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 61,835 116,007 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 32,029 66,410 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 32,029 66,410 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 29,806 49,597 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 18,111 27,820 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 11,695 21,777 - Retained earnings - beginning of year 35,107 87,219 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $46,802 $108,996 - ============================================================= ==================== ==================== ====================
661 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,105 $27,805 - Receivables - net 22 12,077 - Fuel inventory - 9,368 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 173 1,436 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,300 50,686 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,232 1,291,111 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 743 - $2,526 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,975 1,291,111 2,526 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 9,118 16,345 1,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,118 16,345 1,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $13,393 $1,358,142 $4,116 ============================================================= ==================== ==================== ====================
662 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - ($27,805) Receivables - net - - (12,077) Fuel inventory - - (9,368) Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - (1,436) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - (50,686) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - (1,283,798) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $84,936 - (84,937) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 84,936 - (1,368,735 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - (26,994) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (26,994) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $84,936 - ($1,446,416) ============================================================= ==================== ==================== ====================
663 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,105 - - Receivables - net 22 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 173 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,300 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 8,545 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 3,268 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 11,813 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 59 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 59 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $14,172 - - ============================================================= ==================== ==================== ====================
664 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $1,531 $21,549 - Accounts payable (18,204) (391,752) ($158) Accrued taxes - - (76) Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (16,673) (353,668) (234) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 330 940,453 2,459 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,756 17,043 1,441 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 508,826 - Other long-term liabilities 200 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,956 525,869 1,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 111,897 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net (1,063) (53,758) 114 Unrealized gain in equity securities-net - - Retained earnings 26,843 108,996 336 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 25,780 133,591 450 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $13,393 $1,358,142 $4,116 ============================================================= ==================== ==================== ====================
665 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - ($23,030) Accounts payable ($11,153) - 405,856 Accrued taxes - - - Accrued interest - - (16,535) Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (11,153) - 366,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 133,068 - (1,073,218) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (6,883) - (13,500) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - (508,504) Other long-term liabilities - - (200) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (6,883) - (522,204) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - (111,897) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - (78,353) Accumulated other comprehensive income: Cumulative translation adjustments - net (20,198) - 73,978 Unrealized gain in equity securities-net - - Retained earnings (9,898) - (101,012) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (30,096) - (105,387) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $84,936 - ($1,446,415) ============================================================= ==================== ==================== ====================
666 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $50 - - Accrued taxes (15,411) - - Accrued interest (76) - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (15,437) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 3,092 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,857 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 322 - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,179 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (927) - - Unrealized gain in equity securities-net - - Retained earnings 25,265 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 24,338 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $14,172 - - ============================================================= ==================== ==================== ====================
667 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $13,482 $168,680 $187 Financial services and other - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 13,482 168,680 187 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 23,261 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 15,507 23,077 - Depreciation, decommissioning and amortization 510 28,560 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 16,017 74,898 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (2,535) 93,782 187 Interest and dividend income 2,107 20,028 15 Other nonoperating income (deductions)-net 4,468 2,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 6,575 22,225 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 4,040 116,007 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 66,410 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 66,410 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 4,040 49,597 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (13,140) 27,820 217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 17,180 21,777 (15) Retained earnings - beginning of year 9,663 87,219 351 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $26,843 $108,996 $336 ============================================================= ==================== ==================== ====================
668 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - ($165,536) Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (165,536) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - (23,261) Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - (23,520) Depreciation, decommissioning and amortization - - (28,558) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - (75,339) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (90,196) Interest and dividend income $853 - (22,733) Other nonoperating income (deductions)-net (6,654) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 853 - (29,387) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 853 - (119,583) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - (66,410) Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - (66,410) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes $853 - (53,173) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,364 - (36,993) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (7,511) (16,180) Retained earnings - beginning of year (2,387) - (84,832) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,898) - ($101,012) ============================================================= ==================== ==================== ====================
669 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $16,814 - - Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 16,814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 15,064 - - Depreciation, decommissioning and amortization 512 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 15,576 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,238 - - Interest and dividend income 270 - - Other nonoperating income (deductions)-net 11 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 281 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 1,519 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 1,519 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (13,732) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 15,251 - - Retained earnings - beginning of year 10,014 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $25,265 - - ============================================================= ==================== ==================== ====================
670 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Latrobe Power Edison Mission Energy Australia Partnership [8] Energy Australia Ltd. Pilbara Power Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
671 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Mission Energy Operation & Operation & Holdings Superannu- Maintenance Maintenance Loy ation Fund Pty Ltd Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
672 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Kwinana Power Edison Mission (Kwinana) Pty Ltd Partnership [8] Energy Holdings Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $5,910 $512 Receivables - net - 2,416 22 Fuel inventory - 1,809 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 203 173 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 10,338 707 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 77,226 1,233 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $372 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 372 77,226 1,233 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 11 2,667 550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11 2,667 550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $383 $90,231 $2,490 ============================================================= ==================== ==================== ====================
673 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($4,317) $2,105 - Receivables - net (2,416) 22 - Fuel inventory (1,809) - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (203) 173 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (8,745) 2,300 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (77,227) 1,232 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 371 743 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (76,856) 1,975 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 5,890 9,118 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,890 9,118 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($79,711) $13,393 - ============================================================= ==================== ==================== ====================
674 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Latrobe Power Edison Mission Energy Australia Partnership [8] Energy Australia Ltd. Pilbara Power Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
675 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Mission Energy Operation & Operation & Holdings Superannu- Maintenance Maintenance Loy ation Fund Pty Ltd Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($1,006) ($3,987) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,006) (3,987) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (28) (663) - Unrealized gain in equity securities-net - - - Retained earnings 1,034 4,650 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $1,006 $3,987 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
676 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Kwinana Power Edison Mission (Kwinana) Pty Ltd Partnership [8] Energy Holdings Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $3,709 $50 Accounts payable ($75) (21,541) 3,044 Accrued taxes - - - Accrued interest - 3,097 - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (75) (14,735) 3,094 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 243 58,708 122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 123 - 78 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 9,075 - Other long-term liabilities - - 200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 123 9,075 278 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - 20,842 - Accumulated other comprehensive income: Cumulative translation adjustments - net 13 558 3,475 Unrealized gain in equity securities-net - - Retained earnings 79 15,783 (4,479) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 92 37,183 (1,004) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $383 $90,231 $2,490 ============================================================= ==================== ==================== ====================
677 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - Current portion of long-term debt ($2,228) $1,531 - Accounts payable 5,361 (18,204) - Accrued taxes - - - Accrued interest (3,097) - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 36 (16,673) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (58,743) 330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,555 3,756 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (9,075) - - Other long-term liabilities - 200 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (5,520) 3,956 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital (20,842) - - Accumulated other comprehensive income: Cumulative translation adjustments - net (4,418) (1,063) - Unrealized gain in equity securities-net - - - Retained earnings 9,776 26,843 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (15,484) 25,780 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($79,711) $13,393 - ============================================================= ==================== ==================== ====================
678 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Latrobe Power Edison Mission Energy Australia Partnership [8] Energy Australia Ltd. Pilbara Power Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ============================================================= ==================== ==================== ====================
679 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Mission Energy Operation & Operation & Holdings Superannu- Maintenance Maintenance Loy ation Fund Pty Ltd Kwinana Pty Ltd Yang Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $1,747 $9,222 - Financial services and other - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,747 9,222 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - Other operation and maintenance 1,390 9,209 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,390 9,209 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 357 13 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 357 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 357 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 357 13 - Retained earnings - beginning of year 677 4,637 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,034 $4,650 - ============================================================= ==================== ==================== ====================
680 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Kwinana Power Edison Mission (Kwinana) Pty Ltd Partnership [8] Energy Holdings Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $64 $39,809 - Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 64 39,809 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 21,095 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - Other operation and maintenance - 708 $4,456 Depreciation, decommissioning and amortization 3,836 410 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 25,639 4,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 64 14,170 (4,866) Interest and dividend income - 1,041 1,618 Other nonoperating income (deductions)-net (1,788) (22) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (747) 1,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 64 13,423 (3,270) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 7,075 9 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 7,075 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 64 6,348 (3,279) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 2 - 535 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 62 6,348 (3,814) Retained earnings - beginning of year 17 9,435 (665) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $79 $15,783 ($4,479) ============================================================= ==================== ==================== ====================
681 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($37,360) $13,482 - Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (37,360) 13,482 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (21,095) - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (256) 15,507 - Depreciation, decommissioning and amortization (3,736) 510 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (25,087) 16,017 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (12,273) (2,535) - Interest and dividend income (552) 2,107 - Other nonoperating income (deductions)-net 6,278 4,468 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 5,726 6,575 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (6,547) 4,040 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (7,084) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (7,084) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (537) 4,040 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (13,677) (13,140) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 14,214 17,180 - Retained earnings - beginning of year (4,438) 9,663 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $9,776 $26,843 - ============================================================= ==================== ==================== ====================
682 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $57 $1,283 - Receivables - net - 5,012 - Fuel inventory - 4,778 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 732 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 57 11,805 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 739,339 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 184,280 - $95,167 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 184,280 739,339 95,167 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $184,337 $756,139 $95,167 ============================================================= ==================== ==================== ====================
683 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $26,465 $27,805 - Receivables - net 7,065 12,077 - Fuel inventory 4,590 9,368 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 704 1,436 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 38,824 50,686 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 551,772 1,291,111 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (279,447) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 272,325 1,291,111 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 11,350 16,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,350 16,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $322,499 $1,358,142 - ============================================================= ==================== ==================== ====================
684 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $11,401 - Current portion of long-term debt - - - Accounts payable ($1,879) (283,049) ($10,703) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,879) (271,648) (10,703) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 418,280 98,758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - (7,309) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 353,905 - Other long-term liabilities - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 354,720 (7,309) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 181,930 186,821 - Accumulated other comprehensive income: Cumulative translation adjustments - net (593) (2,632) 27,713 Unrealized gain in equity securities-net - - - Retained earnings 4,888 70,598 (13,292) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 186,225 254,787 14,421 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $184,337 $756,139 $95,167 ============================================================= ==================== ==================== ====================
685 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($11,401) Current portion of long-term debt 21,549 $21,549 - Accounts payable (96,121) (391,752) - Accrued taxes - - - Accrued interest 16,535 16,535 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (69,438) (353,668) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 423,415 940,453 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 24,361 17,043 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 154,921 508,826 - Other long-term liabilities (815) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 178,467 525,869 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 111,897 111,897 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital (290,398) 78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net (78,246) (53,758) - Unrealized gain in equity securities-net - - Retained earnings 46,802 108,996 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (321,842) 133,591 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $322,499 $1,358,142 - ============================================================= ==================== ==================== ====================
686 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $55,570 $24,228 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 55,570 24,228 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,759 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,702 - Depreciation, decommissioning and amortization - (8,295) 24,225 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 15,166 24,225 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 40,404 3 Interest and dividend income $2 12,892 871 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 12,892 871 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 2 53,296 874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 34,381 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 34,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2 18,915 874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - 9,709 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 2 18,915 (8,835) Retained earnings - beginning of year 4,886 51,683 (4,457) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,888 $70,598 ($13,292) ============================================================= ==================== ==================== ====================
687 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $88,882 $168,680 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 88,882 168,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 14,502 23,261 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 8,375 23,077 - Depreciation, decommissioning and amortization 12,630 28,560 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 35,507 74,898 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 53,375 93,782 - Interest and dividend income 6,263 20,028 - Other nonoperating income (deductions)-net 2,197 2,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 8,460 22,225 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 61,835 116,007 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 32,029 66,410 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 32,029 66,410 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 29,806 49,597 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 18,111 27,820 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 11,695 21,777 - Retained earnings - beginning of year 35,107 87,219 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $46,802 $108,996 - ============================================================= ==================== ==================== ====================
688 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $57 $1,283 - Receivables - net - 5,012 - Fuel inventory - 4,778 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 732 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 57 11,805 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 739,339 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 184,280 - $2,526 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 184,280 739,339 2,526 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 4,995 1,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,995 1,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $184,337 $756,139 $4,116 ============================================================= ==================== ==================== ====================
689 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1,340) - - Receivables - net (5,012) - - Fuel inventory (4,778) - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (732) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (11,862) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (739,339) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (184,280) $2,526 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (923,619) 2,526 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (4,995) 1,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,995) 1,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($940,476) $4,116 - ============================================================= ==================== ==================== ====================
690 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $11,401 - Current portion of long-term debt - - - Accounts payable ($1,879) (283,049) ($158) Accrued taxes - - (76) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,879) (271,648) (234) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 418,280 2,459 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - 1,441 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 353,905 - Other long-term liabilities - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 354,720 1,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 181,930 186,821 - Accumulated other comprehensive income: Cumulative translation adjustments - net (593) (2,632) 114 Unrealized gain in equity securities-net - - Retained earnings 4,888 70,598 336 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 186,225 254,787 450 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $184,337 $756,139 $4,116 ============================================================= ==================== ==================== ====================
691 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($11,401) - - Current portion of long-term debt - - - Accounts payable 284,928 ($158) - Accrued taxes - (76) - Accrued interest - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 273,527 (234) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (418,280) 2,459 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9 1,441 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (353,905) - - Other long-term liabilities (815) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (354,711) 1,441 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - Additional paid-in capital (368,751) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 3,225 114 - Unrealized gain in equity securities-net - - Retained earnings (75,486) 336 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (441,012) 450 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($940,476) $4,116 - ============================================================= ==================== ==================== ====================
692 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $55,570 $187 Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 55,570 187 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,759 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net Other operation and maintenance - 14,702 - Depreciation, decommissioning and amortization - (8,295) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 15,166 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 40,404 187 Interest and dividend income $2 12,892 15 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 12,892 15 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 2 53,296 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 34,381 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 34,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2 18,915 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - 217 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 2 18,915 (15) Retained earnings - beginning of year 4,886 51,683 351 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,888 $70,598 $336 ============================================================= ==================== ==================== ====================
693 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($55,570) $187 - Financial services and other - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (55,570) 187 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,759) - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (14,702) - - Depreciation, decommissioning and amortization 8,295 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (15,166) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (40,404) 187 - Interest and dividend income (12,894) 15 - Other nonoperating income (deductions)-net - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (12,894) 15 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (53,298) 202 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (34,381) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (34,381) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (18,917) 202 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 217 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (18,917) (15) - Retained earnings - beginning of year (56,569) 351 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($75,486) $336 - ============================================================= ==================== ==================== ====================
694 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $57 $1,283 - Receivables - net - 5,012 - Fuel inventory - 4,778 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 732 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 57 11,805 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 739,339 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 184,280 - $84,936 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 184,280 739,339 84,936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $184,337 $756,139 $84,936 ============================================================= ==================== ==================== ====================
695 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1,340) - - Receivables - net (5,012) - - Fuel inventory (4,778) - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (732) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (11,862) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (739,339) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (184,280) $84,936 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (923,619) 84,936 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (4,995) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,995) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($940,476) $84,936 - ============================================================= ==================== ==================== ====================
696 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $11,401 - Current portion of long-term debt - - - Accounts payable ($1,879) (283,049) ($11,153) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,879) (271,648) (11,153) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 418,280 133,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - (6,883) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 353,905 - Other long-term liabilities - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 354,720 (6,883) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 181,930 186,821 - Accumulated other comprehensive income: Cumulative translation adjustments - net (593) (2,632) (20,198) Unrealized gain in equity securities-net - - Retained earnings 4,888 70,598 (9,898) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 186,225 254,787 (30,096) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $184,337 $756,139 $84,936 ============================================================= ==================== ==================== ====================
697 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($11,401) - - Current portion of long-term debt - - - Accounts payable 284,928 ($11,153) - Accrued taxes - - - Accrued interest - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 273,527 (11,153) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (418,280) 133,068 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9 (6,883) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (353,905) - - Other long-term liabilities (815) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (354,711) (6,883) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - Additional paid-in capital (368,751) Accumulated other comprehensive income: Cumulative translation adjustments - net 3,225 (20,198) - Unrealized gain in equity securities-net - - Retained earnings (75,486) (9,898) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (441,012) (30,096) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($940,476) $84,936 - ============================================================= ==================== ==================== ====================
698 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $55,570 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 55,570 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,759 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,702 - Depreciation, decommissioning and amortization - (8,295) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 15,166 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 40,404 - Interest and dividend income $2 12,892 $853 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 12,892 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 2 53,296 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 34,381 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 34,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2 18,915 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 2 18,915 (7,511) Retained earnings - beginning of year 4,886 51,683 (2,387) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,888 $70,598 ($9,898) ============================================================= ==================== ==================== ====================
699 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($55,570) - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (55,570) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,759) - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (14,702) - - Depreciation, decommissioning and amortization 8,295 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (15,166) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (40,404) - - Interest and dividend income (12,894) $853 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (12,894) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (53,2980) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (34,381) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (34,381) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (18,917) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (18,917) (7,511) - Retained earnings - beginning of year (56,569) (2,387) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($75,486) ($9,898) - ============================================================= ==================== ==================== ====================
700 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $10,596 $108 - Receivables - net 13,062 92 $1 Fuel inventory 2,973 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 1,256 2 25 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 27,887 202 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 136,599 - 28 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 136,599 - 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 16,960 - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 16,960 - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $181,446 $202 $55 ============================================================= ==================== ==================== ====================
701 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24 ($108) $10,620 Receivables - net - (93) 13,062 Fuel inventory - - 2,973 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (27) 1,256 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 24 (228) 27,911 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 9,339 (27) 145,939 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 100 (100) - Investments in leveraged leases - - - Other investments 34,749 (34,749) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 44,188 (34,876) 145,939 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 393 (2) 17,352 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 393 (2) 17,352 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $44,605 ($35,106) $191,202 ============================================================= ==================== ==================== ====================
702 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $11,547 - - Accounts payable 9,142 $220 $987 Accrued taxes 1,072 1 26 Accrued interest 93 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 21,854 221 1,015 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 114,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 4,129 - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 4,129 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 254 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 224 59 59 Additional paid-in capital 43,343 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,517) (53) (476) Unrealized gain in equity securities-net - - - Retained earnings 1,015 (25) (543) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 41,065 (19) (960) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $181,446 $202 $55 ============================================================= ==================== ==================== ====================
703 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - $11,547 Accounts payable $7,641 ($1,208) 16,782 Accrued taxes (89) (27) 983 Accrued interest - - 93 Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 7,552 (1,237) 29,405 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 114,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 4,129 Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 4,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 254 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 30 (297) 75 Additional paid-in capital 37,088 (34,674) 45,756 Accumulated other comprehensive income: Cumulative translation adjustments - net - 535 (3,511) Unrealized gain in equity securities-net - - - Retained earnings (64) 567 950 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 37,053 (33,869) 43,270 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $44,605 ($35,106) $191,202 ============================================================= ==================== ==================== ====================
704 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Doga Enerji Uretim Doga Isi Satis Doga Isletme ve Sanayi ve Ticaret Hizmetleri ve Bakim Ticaret L.S. L.S. Ticaret L.S. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $37,999 $261 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 37,999 261 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 20,028 261 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 8,252 44 $879 Depreciation, decommissioning and amortization 3,815 - 2 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 32,095 305 881 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 5,904 (44) (881) Interest and dividend income 36 - - Other nonoperating income (deductions)-net (1,530) 19 338 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (1,494) 19 338 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 4,410 (25) (543) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 6,758 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 6,758 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (2,348) (25) (543) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (3,362) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 1,014 (25) (543) Retained earnings - beginning of year 1 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,015 ($25) ($543) ============================================================= ==================== ==================== ====================
705 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($261) $37,999 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (261) 37,999 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (261) 20,028 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (923) 8,252 Depreciation, decommissioning and amortization $267 (2) 4,082 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 267 (1,186) 32,362 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (267) 925 5,637 Interest and dividend income 1 - 37 Other nonoperating income (deductions)-net 77 (357) (1,453) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 78 (357) (1,416) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (189) 568 4,221 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 6,758 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 6,758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (189) 568 (2,537) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (66) - (3,428) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (123) 568 891 Retained earnings - beginning of year 58 (1) 58 Dividends declared on common stock 1 - 1 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($64) $567 $950 ============================================================= ==================== ==================== ====================
MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission MEC Esenyurt B.V. Doga Enerji Uretim Energy Consolidated Sanayi ve Ticaret International B.V. L.S. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $17 $10,620 $10,596 Receivables - net - 13,062 13,062 Fuel inventory - 2,973 2,973 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 1,256 1,256 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 17 27,911 27,887 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 145,939 136,599 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 145,939 136,599 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 17,352 16,959 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 17,352 16,959 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17 $191,202 $181,445 ============================================================= ==================== ==================== ====================
707 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Doga Isi Satis Doga Isletme ve MEC IES B.V. Hizmetleri ve Bakim Ticaret L.S. Ticaret L.S. [7] [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $108 - $97 Receivables - net 92 $1 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 202 26 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 28 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - (83) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 28 (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $202 $55 $14 ============================================================= ==================== ==================== ====================
708 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
ISAB Energy MEC India B.V. Edison Mission Services s.r.l. [7] Energy Power [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 18 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $18 - ============================================================= ==================== ==================== ====================
709 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC Laguna Power B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $294 $22 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 294 22 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 23,832 127,057 $4,268 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 23,832 127,057 4,268 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 23 978 43 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 23 978 43 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,149 $128,057 $4,311 ============================================================= ==================== ==================== ====================
710 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Gulf Power MEC Perth B.V. Generation Co. Ltd. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $5,929 - Receivables - net - 2,416 - Fuel inventory - 1,809 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 203 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 10,357 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 77,230 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 77,230 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 2,668 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 2,668 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $90,255 - ============================================================= ==================== ==================== ====================
711 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Priolo B.V. MEC San Pascual MEC Sidi Krir B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30 - $17 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 30 - 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 18,843 $4,590 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 18,843 4,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 111 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 111 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $18,984 $4,635 $17 ============================================================= ==================== ==================== ====================
712 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Sumatra B.V. MEC Wales B.V. Mission Energy Consolidated Italia s.r.l. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $16 $24,244 $134 Receivables - net - 44,835 247 Fuel inventory - - - Materials and supplies, at average cost - 1,625 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 21,135 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 16 91,839 528 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,036,216 197 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (25,049) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 1,011,167 197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 321,613 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 321,613 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $16 $1,424,619 $743 ============================================================= ==================== ==================== ====================
713 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
P.T. Edison MEC International Consolidating Mission Operation Holdings B.V. Adjustments and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,815 $44 ($53,967) Receivables - net 328 - (74,043) Fuel inventory - - (7,755) Materials and supplies, at average cost - - (1,625) Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 59 - (24,083) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,202 44 (161,473) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 6 - (1,396,215) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 5,407 (153,570) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6 5,407 (1,549,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - (359,811) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (359,811) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,208 $5,451 ($2,071,069) ============================================================= ==================== ==================== ====================
714 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $34 Receivables - net - Fuel inventory - Materials and supplies, at average cost - Accumulated deferred income taxes - net - Regulatory balancing accounts - net - Prepayments and other current assets - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - Nuclear decommissioning trusts - Investments in partnerships and unconsolidated subsidiaries 5,295 Investments in leveraged leases - Other investments - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 5,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - Generation - Accumulated provision for depreciation and decommissioning - Construction work in progress - Nuclear fuel, at amortized cost - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - Income tax-related deferred charges - Regulatory balancing accounts - net - Unamortized debt issuance and reacquisition expense - Other deferred charges - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,329 ============================================================= ==================== ==================== ====================
715 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission MEC Esenyurt B.V. Doga Enerji Uretim Energy Consolidated Sanayi ve Ticaret International B.V. L.S. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $11,547 $11,547 Accounts payable ($252) 16,782 9,141 Accrued taxes - 983 1,072 Accrued interest 14 93 93 Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (238) 29,405 21,853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 114,144 114,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 4,129 4,129 Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 4,129 4,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 254 254 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 26 75 224 Additional paid-in capital 209 45,756 43,343 Accumulated other comprehensive income: Cumulative translation adjustments - net - (3,511) (3,517) Unrealized gain in equity securities-net - - - Retained earnings 20 950 1,015 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 255 43,270 41,065 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $17 $191,202 $181,445 ============================================================= ==================== ==================== ====================
716 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Doga Isi Satis Doga Isletme ve MEC IES B.V. Hizmetleri ve Bakim Ticaret L.S. Ticaret L.S. [7] [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $220 $987 $203 Accrued taxes 1 26 (106) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 221 1,015 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 59 59 25 Additional paid-in capital - - 92 Accumulated other comprehensive income: Cumulative translation adjustments - net (53) (476) - Unrealized gain in equity securities-net - - Retained earnings (25) (543) (200) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (19) (960) (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $202 $55 $14 ============================================================= ==================== ==================== ====================
717 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
ISAB Energy MEC India B.V. Edison Mission Services s.r.l. [7] Energy Power [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $32 - Accrued taxes - (12) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 20 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 23 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (25) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $18 - ============================================================= ==================== ==================== ====================
718 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC Laguna Power B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $11 $16 $67 Accrued taxes 60 (57) (11) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 71 (41) 56 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,037 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,037 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 22 21 23 Additional paid-in capital 15,826 126,849 4,252 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 5,193 1,228 (20) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 21,041 128,098 4,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $24,149 $128,057 $4,311 ============================================================= ==================== ==================== ====================
719 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Gulf Power MEC Perth B.V. Generation Co. Ltd. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $3,709 - Accounts payable - (28,920) - Accrued taxes - - - Accrued interest - 3,097 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (22,114) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 82,719 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 11,040 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 9,743 - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 20,783 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 23 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (3,709) - Unrealized gain in equity securities-net - - Retained earnings - 12,181 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 8,495 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $90,255 - ============================================================= ==================== ==================== ====================
720 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Priolo B.V. MEC San Pascual MEC Sidi Krir B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($1,313) $57 $24 Accrued taxes 159 (11) (10) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,154) 46 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 21 23 26 Additional paid-in capital 20,457 4,590 - Accumulated other comprehensive income: Cumulative translation adjustments - net 189 - - Unrealized gain in equity securities-net - - - Retained earnings (529) (24) (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 20,138 4,589 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $18,984 $4,635 $17 ============================================================= ==================== ==================== ====================
721 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Sumatra B.V. MEC Wales B.V. Mission Energy Consolidated Italia s.r.l. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $24 ($190,629) $343 Accrued taxes (10) (1,633) 127 Accrued interest - 9,722 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14 (182,540) 470 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 674,234 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 262,403 - Accumulated deferred investment - - - tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 30,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 293,083 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 106,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 26 276,698 14 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (43,356) - Unrealized gain in equity securities-net - - Retained earnings (24) 300,440 259 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2 533,782 273 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $16 $1,424,619 $743 ============================================================= ==================== ==================== ====================
722 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
P.T. Edison MEC International Consolidating Mission Operation Holdings B.V. Adjustments and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - ($26,803) Accounts payable - $19 193,215 Accrued taxes $272 (17) (847) Accrued interest - - (13,019) Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities 37 - (39) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 309 2 152,507 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - (985,241) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (276,480) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - (18,001) Other long-term liabilities - - (30,680) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (325,161) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - (106,940) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 21 (277,388) Additional paid-in capital 1,500 4,915 (263,008) Accumulated other comprehensive income: Cumulative translation adjustments - net (562) - 54,995 Unrealized gain in equity securities-net - - Retained earnings 961 513 (320,833) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,899 5,449 (806,234) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,208 $5,451 ($2,071,069) ============================================================= ==================== ==================== ====================
723 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $27 - - Accrued taxes (14) - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 21 - - Additional paid-in capital 4,781 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - Retained earnings 514 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,329 - - ============================================================= ==================== ==================== ====================
724 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission MEC Esenyurt B.V. Doga Enerji Uretim Energy Consolidated Sanayi ve Ticaret International B.V. L.S. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $37,999 $37,999 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 37,999 37,999 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 20,027 20,027 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 8,253 8,253 Depreciation, decommissioning and amortization - 4,082 3,815 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 32,362 32,095 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 5,637 5,904 Interest and dividend income - 37 36 Other nonoperating income (deductions)-net ($4) (1,453) (1,530) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (4) (1,416) (1,494) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (4) 4,221 4,410 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 6,758 6,758 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 6,758 6,758 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (4) (2,537) (2,348) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1) (3,428) (3,362) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (3) 891 1,014 Retained earnings - beginning of year 23 59 1 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $20 $950 $1,015 ============================================================= ==================== ==================== ====================
725 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Doga Isi Satis Doga Isletme ve MEC IES B.V. Hizmetleri ve Bakim Ticaret L.S. Ticaret L.S. [7] [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $261 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 261 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 261 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 44 $879 - Depreciation, decommissioning and amortization - 2 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 305 881 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (44) (881) - Interest and dividend income - - - Other nonoperating income (deductions)-net 19 338 ($101) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 19 338 (101) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (25) (543) (101) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (25) (543) (101) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (35) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (25) (543) (66) Retained earnings - beginning of year - - (134) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($25) ($543) ($200) ============================================================= ==================== ==================== ====================
726 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
ISAB Energy MEC India B.V. Edison Mission Services s.r.l. [7] Energy Power [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (5) - Retained earnings - beginning of year - (20) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($25) - ============================================================= ==================== ==================== ====================
727 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC Laguna Power B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $2,010 $1,363 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,010 1,363 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 624 28 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 624 28 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 1,386 1,335 - Interest and dividend income 73 - - Other nonoperating income (deductions)-net 315 (7) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 388 (7) (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 1,774 1,328 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 1,774 1,328 (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 624 (12) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 1,150 1,340 (3) Retained earnings - beginning of year 4,043 (112) (17) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,193 $1,228 ($20) ============================================================= ==================== ==================== ====================
728 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Gulf Power MEC Perth B.V. Kwinana Power Generation Co. Partnership [7] Ltd. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $39,808 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 39,808 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 21,095 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 708 - Depreciation, decommissioning and amortization - 3,838 - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 25,641 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 14,167 - Interest and dividend income - 1,041 - Other nonoperating income (deductions)-net - (2,445) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (1,404) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 12,763 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 7,075 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 7,075 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (63) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 5,625 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (12) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 5,637 - Retained earnings - beginning of year - 6,544 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $12,181 - ============================================================= ==================== ==================== ====================
729 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Priolo B.V. MEC San Pascual MEC Sidi Krir B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes $255 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 255 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (255) - - Interest and dividend income 31 - - Other nonoperating income (deductions)-net 156 ($8) ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 187 (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (68) (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (68) (8) (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (24) (3) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (44) (5) (5) Retained earnings - beginning of year (485) (19) (18) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($529) ($24) ($23) ============================================================= ==================== ==================== ====================
730 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Sumatra B.V. MEC Wales B.V. Mission Energy Consolidated Italia s.r.l. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $344,144 $1,908 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 344,144 1,908 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 85,980 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 57,215 1,715 Depreciation, decommissioning and amortization - 23,661 46 Property and other taxes - 17,042 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 183,898 1,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 160,246 147 Interest and dividend income - 13,115 - Other nonoperating income (deductions)-net ($7) (35) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (7) 13,080 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (7) 173,326 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 59,420 - Other interest expense - net - 749 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 60,169 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (25,338) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (7) 87,819 147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (3) (14,939) 81 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (4) 102,758 66 Retained earnings - beginning of year (20) 1,500 193 Dividends declared on common stock - 196,182 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($24) $300,440 $259 ============================================================= ==================== ==================== ====================
731 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
P.T. Edison MEC International Consolidating Mission Operation Holdings B.V. Adjustments and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $5,120 - ($470,605) Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 5,120 - (470,605) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - (147,390) Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,553 - (81,620) Depreciation, decommissioning and amortization 10 - (36,104) Property and other taxes - - (17,297) Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,563 - (282,411) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 557 - (188,194) Interest and dividend income - - (14,333) Other nonoperating income (deductions)-net 69 - 4,704 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 69 - (9,629) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 626 - (197,823) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (71) - (79,940) Other interest expense - net - - (749) Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (71) - (80,689) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - 25,401 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 697 - (91,733) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 336 ($2) 20,787 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 361 2 (112,520) Retained earnings - beginning of year 600 511 (12,131) Dividends declared on common stock - - ($196,182) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $961 $513 ($320,833) ============================================================= ==================== ==================== ====================
732 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC International Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $7 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 2 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 5 - - Interest and dividend income - - Other nonoperating income (deductions)-net (10) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (10) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (5) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (4) Retained earnings - beginning of year 518 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $514 - - ============================================================= ==================== ==================== ====================
733 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $4,590 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 4,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $4,635 ============================================================= ==================== ==================== ====================
734 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,590 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $4,635 - ============================================================= ==================== ==================== ====================
735 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - $57 Accrued taxes - - (11) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 46 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 23 Additional paid-in capital 4,590 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - (24) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 4,589 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $4,635 ============================================================= ==================== ==================== ====================
736 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $57 - Accrued taxes - (11) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 46 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 23 - Additional paid-in capital 4,590 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (24) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 4,589 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $4,635 - ============================================================= ==================== ==================== ====================
737 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (5) Retained earnings - beginning of year - - (19) Dividends declared on common stock - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($24) ============================================================= ==================== ==================== ====================
738 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (5) Retained earnings - beginning of year - (19) - Dividends declared on common stock - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($24) - ============================================================= ==================== ==================== ====================
739 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $80,722 $163 ($56,641) Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 6,167 (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,316 6,330 (62,808) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) 164,223 (110,187) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 957,131 164,223 (110,187) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 1,852 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 1,852 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,425,208 $172,405 ($172,995) ============================================================= ==================== ==================== ====================
740 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,244 - - Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 91,838 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,011,167 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 321,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 321,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,424,618 - - ============================================================= ==================== ==================== ====================
741 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 ($204,584) - Accrued taxes (662) 5,196 ($6,167) Accrued interest 24,880 (15,158) - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 (214,546) (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 26 (26) Additional paid-in capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net (43,480) 35,352 (35,228) Unrealized gain in equity securities-net - - Retained earnings 80,441 74,875 145,124 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 313,659 386,951 (166,828) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,425,208 $172,405 ($172,995) ============================================================= ==================== ==================== ====================
742 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($190,629) - - Accrued taxes (1,633) - - Accrued interest 9,722 - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (182,540) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,356) - - Unrealized gain in equity securities-net - - Retained earnings 300,440 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 533,782 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,424,618 - - ============================================================= ==================== ==================== ====================
743 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 $13,393 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 330,751 13,393 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,610 51 - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,847 51 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 146,904 13,342 - Interest and dividend income 3,908 9,207 - Other nonoperating income (deductions)-net - (35) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,908 9,172 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 150,812 22,514 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 65,305 22,514 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,131) 3,192 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 83,436 19,322 - Retained earnings - beginning of year (2,995) 55,553 ($51,058) Dividends declared on common stock - - 196,182 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $80,441 $74,875 $145,124 ============================================================= ==================== ==================== ====================
744 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $344,144 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 344,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,661 - - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,898 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 160,246 - - Interest and dividend income 13,115 - - Other nonoperating income (deductions)-net (35) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 13,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 173,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 87,819 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (14,939) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 102,758 Retained earnings - beginning of year 1,500 - - Dividends declared on common stock 196,182 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $300,440 - - ============================================================= ==================== ==================== ====================
745 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $80,722 - Receivables - net - 44,834 - Fuel inventory - - - Materials and supplies, at average cost - 1,625 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 21,135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 148,316 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,036,216 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 957,131 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 319,761 ($65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 319,761 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
746 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $80,722 - - Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 957,131 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,425,208 - - ============================================================= ==================== ==================== ====================
747 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $144 $13,955 ($144) Accrued taxes - (662) - Accrued interest - 24,880 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 144 38,173 (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 674,234 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 262,402 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 30,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 293,082 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 106,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 276,698 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (43,480) - Unrealized gain in equity securities-net - - Retained earnings (144) 80,441 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (144) 313,659 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
748 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 - - Accrued taxes (662) - - Accrued interest 24,880 - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,480) - - Unrealized gain in equity securities-net - - Retained earnings 80,441 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 313,659 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,425,208 - - ============================================================= ==================== ==================== ====================
749 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $330,751 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 330,751 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 85,980 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $83 57,215 ($83) Depreciation, decommissioning and amortization - 23,610 - Property and other taxes - 17,042 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 83 183,847 (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (83) 146,904 83 Interest and dividend income - 3,908 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 3,908 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (83) 10,812 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 9 59,420 (9) Other interest expense - net - 749 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 9 60,169 (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (25,338) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (92) 65,305 92 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (18,131) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (92) 83,436 92 Retained earnings - beginning of year (52) (2,995) 52 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($144) $80,441 $144 ============================================================= ==================== ==================== ====================
750 MEC International B.V. MEC International Holdings B.V., MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 330,751 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,610 - - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,847 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 146,904 - - Interest and dividend income 3,908 - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,908 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 150,812 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 65,305 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,131) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 83,436 Retained earnings - beginning of year (2,995) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $80,441 - - ============================================================= ==================== ==================== ====================
751 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $822,653 - ============================================================= ==================== ==================== ====================
752 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $822,653 - ============================================================= ==================== ==================== ====================
753 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $26,465 $27,748 Receivables - net - 7,065 12,077 Fuel inventory - 4,590 9,368 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 703 1,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 38,823 50,629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 594,380 1,333,718 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 822,653 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 594,380 2,156,371 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
754 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net - - 5,542 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5,543 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $822,653 - 988,796 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 822,653 988,796 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
755 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,025 $638 Receivables - net 42,508 55,321 Fuel inventory - - Materials and supplies, at average cost 1,625 - Accumulated deferred income taxes - net - - Regulatory balancing accounts - net - - Prepayments and other current assets 21,135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 89,293 55,959 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 758,411 - Nuclear decommissioning trusts - - Investments in partnerships and unconsolidated subsidiaries 161,336 29,314 Investments in leveraged leases - - Other investments - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 919,747 29,314 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - Generation - - Accumulated provision for depreciation and decommissioning - - Construction work in progress - - Nuclear fuel, at amortized cost - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - Income tax-related deferred charges - - Regulatory balancing accounts - net - - Unamortized debt issuance and reacquisition expense - - Other deferred charges - 170 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 170 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,009,040 $85,443 ============================================================= ==================== ==================== ====================
756 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($78,877) - Receivables - net - (122,513) - Fuel inventory - (13,958) - Materials and supplies, at average cost - (1,625) - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (23,274) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (240,247) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (2,686,509) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (4,470,058) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (7,156,567) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - (45,059) $65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (45,059) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
757 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 ($21,549) Current portion of long-term debt - 49 - Accounts payable - 178,769 (195,347) Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 216,902 (216,896) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 784,255 (784,255) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 822,653 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 1,692 (1,812) Unrealized gain in equity securities-net - - Retained earnings - (180,194) 180,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (178,502) $1,001,151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $822,653 - ============================================================= ==================== ==================== ====================
758 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 - Current portion of long-term debt - 49 - Accounts payable $506 178,769 - Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 506 216,902 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 784,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 86 1,692 - Unrealized gain in equity securities-net - - Retained earnings (592) (180,194) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (506) (178,502) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $822,653 - ============================================================= ==================== ==================== ====================
759 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $10,147 $21,549 Current portion of long-term debt - - - Accounts payable - (82,895) (382,474) Accrued taxes - - - Accrued interest - - 16,535 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (72,748) (344,390) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 438,081 856,360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 24,362 24,361 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 155,146 509,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 179,508 534,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 42,608 865,260 Additional paid-in capital - - 186,821 Accumulated other comprehensive income: Cumulative translation adjustments - net - (1,577) (5,101) Unrealized gain in equity securities-net - - - Retained earnings - 58,864 130,350 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 99,895 1,177,330 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
760 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $21,549 - - Current portion of long-term debt 49 - - Accounts payable 178,769 - $7,928 Accrued taxes - - - Accrued interest 16,535 - 24,142 Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 216,902 - 32,070 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 784,255 - 806,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 181,987 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 1,692 - 13,117 Unrealized gain in equity securities-net - - Retained earnings (180,194) - (22,351) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (178,502) - 172,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
761 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $29,034 - Accounts payable $17,613 51 - Accrued taxes (662) - - Accrued interest 2 24,878 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16,953 53,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (7,713) 7,791 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (121) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,559 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 605,585 19 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 124,519 20,422 - Unrealized gain in equity securities-net - - - Retained earnings 239,137 3,248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 969,241 23,689 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
762 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - ($74,794) - Current portion of long-term debt - (29,181) - Accounts payable - 98,455 $144 Accrued taxes - 662 - Accrued interest - (115,162) - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (120,020) 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - (3,669,374) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (48,596) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - (695,692) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (744,288) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - (2,518,112) - Additional paid-in capital (186,821) Accumulated other comprehensive income: Cumulative translation adjustments - net - (154,730) - Unrealized gain in equity securities-net - - Retained earnings - (48,528) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (2,908,191) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
763 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - $125 $64,763 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (64,835) 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (64,835) 64,763 Retained earnings - beginning of year - (115,359) 115,547 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($180,194) $180,310 ============================================================= ==================== ==================== ====================
764 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $212 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (212) - - Interest and dividend income - $125 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (212) 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 678 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 678 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (890) (64,835) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (890) (64,835) - Retained earnings - beginning of year 298 (115,359) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($592) ($180,194) - ============================================================= ==================== ==================== ====================
765 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $88,882 $168,680 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 88,882 168,680 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 11,516 23,501 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 11,070 22,547 Depreciation, decommissioning and amortization - 13,360 29,270 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 35,946 75,338 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 52,936 93,342 Interest and dividend income - 5,390 83,170 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 5,390 83,170 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 58,326 176,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 30,652 129,993 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 30,652 129,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 27,674 46,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 4,017 4,017 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 23,657 42,502 Retained earnings - beginning of year - 35,207 87,848 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $58,864 $130,350 ============================================================= ==================== ==================== ====================
766 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $246 Depreciation, decommissioning and amortization - - 8,933 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 9,179 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (9,179) Interest and dividend income $125 - 200 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 125 - 200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 125 - (8,979) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 64,960 - 59,655 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 64,960 - 59,655 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (64,835) - (68,634) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (22,023) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (64,835) - (46,611) Retained earnings - beginning of year (115,359) - 24,260 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($180,194) - ($22,351) ============================================================= ==================== ==================== ====================
767 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $338,315 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 338,315 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 87,873 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 58,181 $82 - Depreciation, decommissioning and amortization 11,647 - - Property and other taxes 17,063 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 174,764 82 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 163,551 (82) - Interest and dividend income 2,142 61,184 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2,142 61,184 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 165,693 61,102 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 59,655 - Other interest expense - net 118 1,855 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 118 61,510 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 165,575 (408) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 52,359 (83) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 113,216 (325) - Retained earnings - beginning of year 125,921 3,573 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $239,137 $3,248 - ============================================================= ==================== ==================== ====================
768 MEC International B.V., MEC International Holdings B.V., MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($595,877) - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (595,877) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (122,890) - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (92,255) $83 Depreciation, decommissioning and amortization - (63,230) - Property and other taxes - (17,063) - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (295,438) 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (300,439) (83) Interest and dividend income - (217,224) - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (217,224) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (517,663) (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - (475,504) 9 Other interest expense - net - (1,973) - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - (477,477) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (40,186) (92) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (38,287) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,899) (92) Retained earnings - beginning of year - (46,629) (52) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($48,528) ($144) ============================================================= ==================== ==================== ====================
MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $4,590 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 4,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $4,635 ============================================================= ==================== ==================== ====================
770 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,590 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $4,635 - ============================================================= ==================== ==================== ====================
771 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - $57 Accrued taxes - - (11) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 46 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 23 Additional paid-in capital 4,590 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - (24) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 4,589 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $4,635 ============================================================= ==================== ==================== ====================
772 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $57 - Accrued taxes - (11) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 46 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 23 - Additional paid-in capital 4,590 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (24) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 4,589 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $4,635 - ============================================================= ==================== ==================== ====================
773 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - ($8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - - (8) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - Retained earnings - beginning of year - - (5) Dividends declared on common stock - - (19) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($24) ============================================================= ==================== ==================== ====================
774 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - Retained earnings - beginning of year - (5) - Dividends declared on common stock - (19) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($24) - ============================================================= ==================== ==================== ====================
775 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $80,722 $163 ($56,641) Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 6,167 (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,316 6,330 (62,808) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) 164,223 (110,187) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 957,131 164,223 (110,187) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 1,852 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 1,852 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,425,208 $172,405 ($172,995) ============================================================= ==================== ==================== ====================
776 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,244 - - Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 91,838 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,049) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,011,167 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 321,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 321,613 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,424,618 - - ============================================================= ==================== ==================== ====================
777 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 ($204,584) - Accrued taxes (662) 5,196 ($6,167) Accrued interest 24,880 (15,158) - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 (214,546) (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 26 (26) Additional paid-in capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net (43,480) 35,352 (35,228) Unrealized gain in equity securities-net - - Retained earnings 80,441 74,875 145,124 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 313,659 386,951 (166,828) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,425,208 $172,405 ($172,995) ============================================================= ==================== ==================== ====================
778 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($190,629) - - Accrued taxes (1,633) - - Accrued interest 9,722 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (182,540) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,356) - - Unrealized gain in equity securities-net - - Retained earnings 300,440 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 533,782 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,424,618 - - ============================================================= ==================== ==================== ====================
779 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 $13,393 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 330,751 13,393 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,610 51 - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,847 51 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 146,904 13,342 - Interest and dividend income 3,908 9,207 - Other nonoperating income (deductions)-net - (35) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,908 9,172 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 150,812 22,514 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 65,305 22,514 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,131) 3,192 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 83,436 19,322 - Retained earnings - beginning of year (2,995) 55,553 ($51,058) Dividends declared on common stock - - 196,182 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $80,441 $74,875 $145,124 ============================================================= ==================== ==================== ====================
780 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $344,144 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 344,144 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,661 - - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,898 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 160,246 - - Interest and dividend income 13,115 - - Other nonoperating income (deductions)-net (35) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 13,080 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 173,326 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 87,819 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (14,939) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 102,758 - - Retained earnings - beginning of year 1,500 - - Dividends declared on common stock 196,182 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $300,440 - - ============================================================= ==================== ==================== ====================
781 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $80,722 - Receivables - net - 44,834 - Fuel inventory - - - Materials and supplies, at average cost - 1,625 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 21,135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 148,316 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,036,216 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 957,131 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 319,761 ($65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 319,761 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
782 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $80,722 - - Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 957,131 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,425,208 - - ============================================================= ==================== ==================== ====================
783 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $144 $13,955 ($144) Accrued taxes - (662) - Accrued interest - 24,880 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 144 38,173 (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 674,234 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 262,402 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 30,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 293,082 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 106,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 276,698 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (43,480) - Unrealized gain in equity securities-net - - Retained earnings (144) 80,441 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (144) 313,659 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
784 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 - - Accrued taxes (662) - - Accrued interest 24,880 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,480) - - Unrealized gain in equity securities-net - - Retained earnings 80,441 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 313,659 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,425,208 - - ============================================================= ==================== ==================== ====================
785 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $330,751 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 330,751 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 85,980 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $83 57,215 ($83) Depreciation, decommissioning and amortization - 23,610 - Property and other taxes - 17,042 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 83 183,847 (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (83) 146,904 83 Interest and dividend income - 3,908 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 3,908 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (83) 10,812 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 9 59,420 (9) Other interest expense - net - 749 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 9 60,169 (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (25,338) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (92) 65,305 92 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (18,131) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (92) 83,436 92 Retained earnings - beginning of year (52) (2,995) 52 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($144) $80,441 $144 ============================================================= ==================== ==================== ====================
786 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 330,751 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,610 - - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,847 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 146,904 - - Interest and dividend income 3,908 - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,908 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 150,812 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 65,305 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,131) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 83,436 - - Retained earnings - beginning of year (2,995) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $80,441 - - ============================================================= ==================== ==================== ====================
787 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $822,653 - ============================================================= ==================== ==================== ====================
788 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $822,653 - ============================================================= ==================== ==================== ====================
789 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $26,465 $27,748 Receivables - net - 7,065 12,077 Fuel inventory - 4,590 9,368 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 703 1,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 38,823 50,629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 594,380 1,333,718 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 822,653 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 594,380 2,156,371 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
790 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net - - 5,542 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5,543 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $822,653 - 988,796 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 822,653 - 988,796 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
791 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [9] Finance plc [9] Company [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,025 $638 - Receivables - net 42,508 55,321 - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 89,293 55,959 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 758,411 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 161,336 29,314 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 919,747 29,314 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
792 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($78,877) - Receivables - net - (122,513) - Fuel inventory - (13,958) - Materials and supplies, at average cost - (1,625) - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (23,274) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (240,247) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (2,686,509) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (4,470,058) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (7,156,567) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - (45,059) $65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (45,059) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
793 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 ($21,549) Current portion of long-term debt - 49 - Accounts payable - 178,769 (195,347) Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 216,902 (216,896) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 784,255 (784,255) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 822,653 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 1,692 (1,812) Unrealized gain in equity securities-net - - Retained earnings - (180,194) 180,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (178,502) $1,001,151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $822,653 - ============================================================= ==================== ==================== ====================
794 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 - Current portion of long-term debt - 49 - Accounts payable $506 178,769 - Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 506 216,902 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 784,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 86 1,692 - Unrealized gain in equity securities-net - - - Retained earnings (592) (180,194) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (506) (178,502) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $822,653 - ============================================================= ==================== ==================== ====================
795 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $10,147 $21,549 Current portion of long-term debt - - - Accounts payable - (82,895) (382,474) Accrued taxes - - - Accrued interest - - 16,535 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (72,748) (344,390) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 438,081 856,360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 24,362 24,361 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 155,146 509,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 179,508 534,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 42,608 865,260 Additional paid-in capital - - 186,821 Accumulated other comprehensive income: Cumulative translation adjustments - net - (1,577) (5,101) Unrealized gain in equity securities-net - - - Retained earnings - 58,864 130,350 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 99,895 1,177,330 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
796 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $21,549 - - Current portion of long-term debt 49 - - Accounts payable 178,769 - $7,928 Accrued taxes - - - Accrued interest 16,535 - 24,142 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 216,902 - 32,070 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 784,255 - 806,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 181,987 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 1,692 - 13,117 Unrealized gain in equity securities-net - - Retained earnings (180,194) - (22,351) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (178,502) - 172,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
797 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [9] Finance plc [9] Company [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $29,034 - Accounts payable $17,613 51 - Accrued taxes (662) - - Accrued interest 2 24,878 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16,953 53,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (7,713) 7,791 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (121) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,559 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 605,585 19 - Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net 124,519 20,422 - Unrealized gain in equity securities-net - - Retained earnings 239,137 3,248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 969,241 23,689 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
798 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - ($74,794) - Current portion of long-term debt - (29,181) - Accounts payable - 98,455 $144 Accrued taxes - 662 - Accrued interest - (115,162) - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (120,020) 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - (3,669,374) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (48,596) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - (695,692) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (744,288) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - (2,518,112) - Additional paid-in capital - (186,821) - Accumulated other comprehensive income: Cumulative translation adjustments - net - (154,730) Unrealized gain in equity securities-net - - Retained earnings - (48,528) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (2,908,191) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
799 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - $125 $64,763 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (64,960) 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (64,835) 64,763 Retained earnings - beginning of year - (115,359) 115,547 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($180,194) $180,310 ============================================================= ==================== ==================== ====================
800 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $212 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (212) - - Interest and dividend income - $125 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (212) 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 678 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 678 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (890) (64,835) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (890) (64,835) - Retained earnings - beginning of year 298 (115,359) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($592) ($180,194) - ============================================================= ==================== ==================== ====================
801 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $88,882 $168,680 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 88,882 168,680 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 11,516 23,501 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 11,070 22,547 Depreciation, decommissioning and amortization - 13,360 29,290 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 35,946 75,338 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 52,936 93,342 Interest and dividend income - 5,390 83,170 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 5,390 83,170 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 58,326 176,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 30,652 129,993 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 30,652 129,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 27,674 46,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 4,017 4,017 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - 23,657 42,502 Retained earnings - beginning of year - 35,207 87,848 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $58,864 $130,350 ============================================================= ==================== ==================== ====================
802 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $246 Depreciation, decommissioning and amortization - - 8,933 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 9,179 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income $125 - (9,179) Interest and dividend income - - 200 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 125 - 200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 125 - (8,979) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 64,960 - 59,655 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 64,960 - 59,655 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (64,835) - (68,634) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (22,023) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (64,835) - (46,611) Retained earnings - beginning of year (115,359) - 24,260 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($180,194) - ($22,351) ============================================================= ==================== ==================== ====================
803 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [9] Finance plc [9] Company [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $338,315 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 338,315 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 87,873 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 58,181 $82 - Depreciation, decommissioning and amortization 11,647 - - Property and other taxes 17,063 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 174,764 82 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 163,551 (82) - Interest and dividend income 2,142 61,184 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2,142 61,184 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 165,693 61,102 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 59,655 - Other interest expense - net 118 1,855 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 118 61,510 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 165,575 (408) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 52,359 (83) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 113,216 (325) Retained earnings - beginning of year 125,921 3,573 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $239,137 $3,248 - ============================================================= ==================== ==================== ====================
804 MEC International B.V. MEC Wales B.V., Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($595,877) - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (595,877) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (122,890) - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (92,255) $83 Depreciation, decommissioning and amortization - (63,230) - Property and other taxes - (17,063) - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (295,438) 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (300,439) (83) Interest and dividend income - (217,224) - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (217,224) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (517,663) (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - (475,504) 9 Other interest expense - net - (1,973) - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - (477,477) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (40,186) (92) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (38,287) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (1,899) (92) Retained earnings - beginning of year - (46,629) (52) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($48,528) ($144) ============================================================= ==================== ==================== ====================
MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,617 $644 $1,341 Receivables - net 252 - 959 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,273 - 32 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,142 644 2,332 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 3,102 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,102 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,244 $644 $2,332 ============================================================= ==================== ==================== ====================
806 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,537 - $12,421 Receivables - net - - 6,754 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - (190) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,537 - 18,985 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 144,913 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,387 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,387 - 144,913 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 3,525 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 3,525 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $13,924 - $167,423 ============================================================= ==================== ==================== ====================
807 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $53,098 ($2,085) Receivables - net - - (187) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 248 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 53,098 (2,024) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 21,689 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 11,996 (7,601) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 11,996 14,088 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 22,684 (23,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 22,684 (23,785) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $87,778 ($11,721) ============================================================= ==================== ==================== ====================
808 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $72,573 - - Receivables - net 7,778 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 2,363 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 82,714 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 169,704 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 12,782 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 182,486 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 2,424 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,424 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $267,624 - - ============================================================= ==================== ==================== ====================
809 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3,379 $587 $1,096 Accrued taxes 911 18 428 Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,290 605 1,524 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (970) 4 (252) Unrealized gain in equity securities-net - - Retained earnings 3,924 35 1,060 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,954 39 808 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,244 $644 $2,332 ============================================================= ==================== ==================== ====================
810 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - $21,996 Accounts payable $117 - (36,858) Accrued taxes 40 - (105) Accrued interest - - 2,111 Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 157 - (12,856) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 98,424 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 31,907 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 31,907 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 8,912 - 161 Accumulated other comprehensive income: Cumulative translation adjustments - net (961) - 1,822 Unrealized gain in equity securities-net - - - Retained earnings 5,816 - 47,965 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 13,767 - 49,948 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $13,924 - $167,423 ============================================================= ==================== ==================== ====================
811 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($25,837) $46,144 Accrued taxes - 47,869 (47,755) Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 22,032 (1,611) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 33,067 (2,217) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 128 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 128 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 511 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 24,008 (1,257) Additional paid-in capital - 11,650 (9,103) Accumulated other comprehensive income: Cumulative translation adjustments - net - 1,434 2,141 Unrealized gain in equity securities-net - - - Retained earnings - (4,413) (313) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 32,679 (8,532) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $87,778 ($11,721) ============================================================= ==================== ==================== ====================
812 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $21,996 - - Accounts payable (11,372) - - Accrued taxes 1,406 - - Accrued interest 2,111 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,141 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 129,274 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 32,035 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 32,035 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 511 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 22,751 - - Additional paid-in capital 11,620 - - Accumulated other comprehensive income: Cumulative translation adjustments - net 3,218 - - Unrealized gain in equity securities-net - - Retained earnings 54,074 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 91,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $267,624 - - ============================================================= ==================== ==================== ====================
813 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $23,680 - $3,231 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 23,680 - 3,231 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 21,549 $12 2,613 Depreciation, decommissioning and amortization 966 - 1 Property and other taxes 319 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22,834 12 2,614 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 846 (12) 617 Interest and dividend income 83 (542) (999) Other nonoperating income (deductions)- net (273) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (190) (542) (999) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 656 (554) (382) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 656 (554) (382) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 444 25 223 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 212 (579) (605) Retained earnings - beginning of year 3,712 614 1,664 Dividends declared on common stock - - 1 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $3,924 $35 $1,060 ============================================================= ==================== ==================== ====================
814 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro (UK) Mission (No. 2) Pride Hold Limited Limited Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $95,623 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 95,623 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 41,150 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $21 - 14,350 Depreciation, decommissioning and amortization - - 8,073 Property and other taxes - - 2,086 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 21 - 65,659 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (21) - 29,964 Interest and dividend income 1,524 - (5,734) Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 1,524 - (5,734) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 1,503 - 24,230 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - 7,328 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - 7,328 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 1,503 - 16,902 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 71 - 7,587 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 1,432 9,315 Retained earnings - beginning of year 4,383 - 38,652 Dividends declared on common stock 1 - (2) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,816 - $47,965 ============================================================= ==================== ==================== ====================
815 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Rapid Energy Mission Energy Consolidating Limited Company (UK) Adjustments Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - $2,665 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 2,665 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 34 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $268 (245) Depreciation, decommissioning and amortization - 1,337 269 Property and other taxes - - 2 Net loss (gain) on sale of utility plant - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,605 60 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (1,605) 2,605 Interest and dividend income - 7,595 1,498 Other nonoperating income (deductions)-net - - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 7,595 1,500 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 5,990 4,105 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 2,324 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 2,324 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - (2,659) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 3,666 1,446 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 71 (153) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 3,595 1,599 Retained earnings - beginning of year - (8,008) (6,442) Dividends declared on common stock - 4,530 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($4,413) ($313) ============================================================= ==================== ==================== ====================
816 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Company (UK) Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $125,199 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 125,199 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,184 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 38,568 - - Depreciation, decommissioning and amortization 10,646 - - Property and other taxes 2,407 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 92,805 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 32,394 - - Interest and dividend income 3,425 - - Other nonoperating income (deductions)-net (271) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,154 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 35,548 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 9,652 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 9,652 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest (2,659) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 23,237 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,268 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 14,969 Retained earnings - beginning of year 34,575 - - Dividends declared on common stock 4,530 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $54,074 - - ============================================================= ==================== ==================== ====================
817 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,664 $80,722 $5,537 Receivables - net 44,835 44,834 - Fuel inventory - - - Materials and supplies, at average cost 1,625 1,625 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 21,135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 92,259 148,316 5,537 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 1,036,216 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,328) (79,085) 8,387 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 866,888 957,131 8,387 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 319,761 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 319,761 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,278,908 $1,425,208 $13,924 ============================================================= ==================== ==================== ====================
818 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($105,386) $5,537 - Receivables - net (89,669) - - Fuel inventory - - - Materials and supplies, at average cost (3,250) - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (42,270) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (240,575) 5,537 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (2,072,432) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 248,413 8,387 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (1,824,019) 8,387 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (639,522) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (639,522) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($2,704,116) $13,924 - ============================================================= ==================== ==================== ====================
819 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 $13,955 $117 Accrued taxes (662) (662) 40 Accrued interest 24,880 24,880 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 38,173 157 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 674,234 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 262,402 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 30,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 293,082 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 106,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 181,987 276,698 - Additional paid-in capital - 8,912 Accumulated other comprehensive income: Cumulative translation adjustments - net (155,165) (43,480) (961) Unrealized gain in equity securities-net - - - Retained earnings 246,597 80,441 5,816 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 273,419 313,659 13,767 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,278,908 $1,425,208 $13,924 ============================================================= ==================== ==================== ====================
820 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($27,910) $117 - Accrued taxes 1,324 40 - Accrued interest (49,760) - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (76,346) 157 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (1,348,468) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (524,804) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities (61,360) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (586,164) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest (106,060) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (458,685) - - Additional paid-in capital - 8,912 - Accumulated other comprehensive income: Cumulative translation adjustments - net 198,645 (961) - Unrealized gain in equity securities-net - - Retained earnings (327,038) 5,816 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (587,078) 13,767 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($2,704,116) $13,924 - ============================================================= ==================== ==================== ====================
821 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 $330,751 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 330,751 330,751 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 85,980 85,980 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 57,215 $20 Depreciation, decommissioning and amortization 23,610 23,610 - Property and other taxes 17,042 17,042 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 183,847 183,847 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 146,904 146,904 (20) Interest and dividend income 3,908 3,908 1,524 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 3,908 3,908 1,524 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 150,812 150,812 1,504 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,420 59,420 - Other interest expense - net 749 749 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 60,169 60,169 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (25,338) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 90,643 65,305 1,504 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (18,131) (18,131) 71 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 108,774 83,436 1,433 Retained earnings - beginning of year 202,448 (2,995) 4,383 Dividends declared on common stock (64,625) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $246,597 $80,441 $5,816 ============================================================= ==================== ==================== ====================
822 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation ($661,502) - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (661,502) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (171,960) - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (114,430) $20 - Depreciation, decommissioning and amortization (47,220) - - Property and other taxes (34,084) - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (367,694) 20 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (293,808) (20) - Interest and dividend income (7,816) 1,524 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (7,816) 1,524 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (301,624) 1,504 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (118,840) - - Other interest expense - net (1,498) - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (120,338) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest 25,338 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (155,948) 1,504 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 36,262 71 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (192,210) 1,433 - Retained earnings - beginning of year (199,453) 4,383 - Dividends declared on common stock 64,625 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($327,038) $5,816 - ============================================================= ==================== ==================== ====================
823 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Company First Hydro First Hydro Finance plc Company [9] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,025 $638 - Receivables - net 42,508 55,321 - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 89,293 55,959 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 758,411 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 161,336 29,314 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 919,747 29,314 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
824 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Consolidating First Hydro Holdings Company Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - $24,664 Receivables - net 5,542 ($58,536) 44,835 Fuel inventory - - - Materials and supplies, at average cost - - 1,625 Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - 21,135 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,543 (58,536) 92,259 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 277,805 1,036,216 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 988,796 (1,348,774) (169,328) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 988,796 (1,070,969) 866,888 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 16,829 302,762 319,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 16,829 302,762 319,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,011,168 ($826,743) $1,278,908 ============================================================= ==================== ==================== ====================
825 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Company First Hydro First Hydro Finance plc Company [9] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $29,034 - Accounts payable $17,613 51 - Accrued taxes (662) - - Accrued interest 2 24,878 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16,953 53,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (7,713) 7,791 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (121) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,559 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 605,585 19 - Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net 124,519 20,422 - Unrealized gain in equity securities-net - - Retained earnings 239,137 3,248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 969,241 23,689 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,009,039 $85,443 - ============================================================= ==================== ==================== ====================
826 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro Consolidating First Hydro Holdings Company Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - ($29,034) - Accounts payable $7,928 (11,637) $13,955 Accrued taxes - - (662) Accrued interest 24,142 (24,142) 24,880 Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 32,070 (64,813) 38,173 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 806,345 (132,189) 674,234 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 262,523 262,402 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - 30,680 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 262,523 293,082 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 181,987 (605,604) 181,987 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 13,117 (313,223) (155,165) Unrealized gain in equity securities-net - - Retained earnings (22,351) 26,563 246,597 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 172,753 (892,264) 273,419 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,011,168 ($826,743) $1,278,908 ============================================================= ==================== ==================== ====================
827 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro Company First Hydro First Hydro Finance plc Company [9] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $338,315 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 338,315 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 87,873 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 58,181 $82 - Depreciation, decommissioning and amortization 11,647 - - Property and other taxes 17,063 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 174,764 82 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 163,551 (82) - Interest and dividend income 2,142 61,184 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2,142 61,184 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 165,693 61,102 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 59,655 - Other interest expense - net 118 1,855 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 118 61,510 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 165,575 (408) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 52,359 (83) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 113,216 (325) Retained earnings - beginning of year 125,921 3,573 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $239,137 $3,248 - ============================================================= ==================== ==================== ====================
828 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro Consolidating First Hydro Holdings Company Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($7,564) $330,751 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (7,564) 330,751 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (1,893) 85,980 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $246 (1,294) 57,215 Depreciation, decommissioning and amortization 8,933 3,030 23,610 Property and other taxes - (21) 17,042 Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,179 (178) 183,847 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (9,178) (7,386) 146,904 Interest and dividend income 200 (59,618) 3,908 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 200 (59,618) 3,908 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (8,979) (67,004) 150,812 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 59,655 (59,890) 59,420 Other interest expense - net - (1,224) 749 Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 59,655 (61,114) 60,169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (68,634) 5,890 90,643 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes (22,023) (48,384) (18,131) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (46,611) 42,494 108,774 Retained earnings - beginning of year 24,260 48,694 202,448 Dividends declared on common stock - (64,625) (64,625) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($22,351) $26,563 $246,597 ============================================================= ==================== ==================== ====================
829 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $80,722 - Receivables - net - 44,834 - Fuel inventory - - - Materials and supplies, at average cost - 1,625 - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 21,135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 148,316 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,036,216 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (79,085) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 957,131 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 319,761 ($65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 319,761 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
830 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $80,722 - - Receivables - net 44,834 - - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 148,316 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,036,216 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (79,085) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 956,131 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 319,761 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,425,208 - - ============================================================= ==================== ==================== ====================
831 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $144 $13,955 ($144) Accrued taxes - (662) - Accrued interest - 24,880 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 144 38,173 (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 674,234 (65,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 262,402 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 30,680 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 293,082 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 106,060 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 276,698 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (43,480) - Unrealized gain in equity securities-net - - Retained earnings (144) 80,441 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (144) 313,659 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $1,425,208 ($65,550) ============================================================= ==================== ==================== ====================
832 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $13,955 - - Accrued taxes (662) - - Accrued interest 24,880 - - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 38,173 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 674,234 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 262,402 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 293,082 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 106,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 276,698 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net (43,480) - - Unrealized gain in equity securities-net - - Retained earnings 80,441 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 313,659 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,425,208 - - ============================================================= ==================== ==================== ====================
833 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $330,751 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 330,751 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 85,980 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $83 57,215 ($83) Depreciation, decommissioning and amortization - 23,610 - Property and other taxes - 17,042 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 83 183,847 (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (83) 146,904 83 Interest and dividend income - 3,908 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 3,908 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (83) 150,812 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 9 59,420 (9) Other interest expense - net - 749 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 9 60,169 (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - (25,338) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (92) 65,305 92 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (18,131) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (92) 83,436 92 Retained earnings - beginning of year (52) (2,995) 52 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($144) $80,441 $144 ============================================================= ==================== ==================== ====================
834 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Unregulated power generation $330,751 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total operating revenue 330,751 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Fuel 85,980 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 57,215 - - Depreciation, decommissioning and amortization 23,610 - - Property and other taxes 17,042 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total operating expenses 183,847 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Operating income 146,904 - - Interest and dividend income 3,908 - - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total other income - net 3,908 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Income before fixed charges and taxes 150,812 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Interest and amortization on long-term debt 59,420 - - Other interest expense - net 749 - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total fixed charges 60,169 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Minority interest (25,338) - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Income before taxes 65,305 - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Income taxes (18,131) - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Net income 83,436 Retained earnings - beginning of year (2,995) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Retained earnings - end of year $80,441 - - ============================================================= ==================== ===================== ===================
835 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $822,653 - ============================================================= ==================== ==================== ====================
836 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $822,653 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 822,653 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges $65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 65,550 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $65,550 $822,653 - ============================================================= ==================== ==================== ====================
837 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $26,465 $27,748 Receivables - net - 7,065 12,077 Fuel inventory - 4,590 9,368 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 703 1,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 38,823 50,629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 594,380 1,333,718 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 822,653 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 594,380 2,156,371 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,533 16,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
838 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net - - 5,542 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5,543 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $822,653 - 988,796 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 822,653 - 988,796 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 16,829 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
839 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $24,025 $638 - Receivables - net 42,508 55,321 - Fuel inventory - - - Materials and supplies, at average cost 1,625 - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets 21,135 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 89,293 55,959 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 758,411 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 161,336 29,314 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 919,747 29,314 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 170 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
840 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($78,877) - Receivables - net - (122,513) - Fuel inventory - (13,958) - Materials and supplies, at average cost - (1,625) - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - (23,274) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (240,247) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (2,686,509) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (4,470,058) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (7,156,567) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - (45,059) $65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (45,059) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
841 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 ($21,549) Current portion of long-term debt - 49 - Accounts payable - 178,769 (195,347) Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 216,902 (216,896) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 784,255 (784,255) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 822,653 Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 1,692 (1,812) Unrealized gain in equity securities-net - - Retained earnings - (180,194) 180,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (178,502) $1,001,151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $822,653 - ============================================================= ==================== ==================== ====================
842 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $21,549 - Current portion of long-term debt - 49 - Accounts payable $506 178,769 - Accrued taxes - - - Accrued interest - 16,535 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 506 216,902 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 65,550 784,255 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (2) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net 86 1,692 - Unrealized gain in equity securities-net - - - Retained earnings (592) (180,194) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (506) (178,502) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $65,550 $822,653 - ============================================================= ==================== ==================== ====================
843 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $10,147 $21,549 Current portion of long-term debt - - - Accounts payable - (82,895) (382,474) Accrued taxes - - - Accrued interest - - 16,535 Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (72,748) (344,390) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 438,081 856,360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 24,362 24,361 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - 155,146 509,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 179,508 534,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 42,608 865,260 Additional paid-in capital - 186,821 Accumulated other comprehensive income: Cumulative translation adjustments - net - (1,577) (5,101) Unrealized gain in equity securities-net - - - Retained earnings - 58,864 130,350 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 99,895 1,177,330 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $644,736 $2,223,527 ============================================================= ==================== ==================== ====================
844 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $21,549 - - Current portion of long-term debt 49 - - Accounts payable 178,769 - $7,928 Accrued taxes - - - Accrued interest 16,535 - 24,142 Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 216,902 - 32,070 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 784,255 - 806,345 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 181,987 Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net 1,692 - 13,117 Unrealized gain in equity securities-net - - Retained earnings (180,194) - (22,351) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (178,502) - 172,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $822,653 - $1,011,168 ============================================================= ==================== ==================== ====================
845 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $29,034 - Accounts payable $17,613 51 - Accrued taxes (662) - - Accrued interest 2 24,878 - Dividends payable - - - Regulatory balancing accounts-net - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16,953 53,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (7,713) 7,791 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (121) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities 30,680 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,559 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 605,585 19 - Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net 124,519 20,422 - Unrealized gain in equity securities-net - - Retained earnings 239,137 3,248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 969,241 23,689 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,009,040 $85,443 - ============================================================= ==================== ==================== ====================
846 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - ($74,794) - Current portion of long-term debt - (29,181) - Accounts payable - 98,455 $144 Accrued taxes - 662 - Accrued interest - (115,162) - Dividends payable - - - Regulatory balancing accounts-net - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (120,020) 144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - (3,669,374) 65,550 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (48,596) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - (695,692) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (744,288) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - (2,518,112) - Additional paid-in capital (186,821) - Accumulated other comprehensive income: Cumulative translation adjustments - net - (154,730) Unrealized gain in equity securities-net - - Retained earnings - (48,528) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (2,908,191) (144) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - ($7,441,873) $65,550 ============================================================= ==================== ==================== ====================
847 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - - Interest and dividend income - $125 $64,763 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 125 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (64,835) 64,763 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (64,835) 64,763 Retained earnings - beginning of year - (115,359) 115,547 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($180,194) $180,310 ============================================================= ==================== ==================== ====================
848 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $212 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 212 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (212) - - Interest and dividend income - $125 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (212) 125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 678 64,960 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 678 64,960 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (890) (64,835) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (890) (64,835) Retained earnings - beginning of year 298 (115,359) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($592) ($180,194) - ============================================================= ==================== ==================== ====================
849 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $88,882 $168,680 Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 88,882 168,680 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 11,516 23,501 Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 11,070 22,547 Depreciation, decommissioning and amortization - 13,360 29,290 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 35,946 75,338 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 52,936 93,342 Interest and dividend income - 5,390 83,170 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - 5,390 83,170 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - 58,326 176,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 30,652 129,993 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 30,652 129,993 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - 27,674 46,519 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 4,017 4,017 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 23,657 42,502 Retained earnings - beginning of year - 35,207 87,848 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $58,864 $130,350 ============================================================= ==================== ==================== ====================
850 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $246 Depreciation, decommissioning and amortization - - 8,933 Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 9,179 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - - (9,179) Interest and dividend income $125 - 200 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 125 - 200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 125 - (8,979) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 64,960 - 59,655 Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 64,960 - 59,655 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (64,835) - (68,634) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - - (22,023) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (64,835) (46,611) Retained earnings - beginning of year (115,359) - 24,260 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($180,194) - ($22,351) ============================================================= ==================== ==================== ====================
851 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $338,315 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 338,315 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 87,873 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 58,181 $82 - Depreciation, decommissioning and amortization 11,647 - - Property and other taxes 17,063 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 174,764 82 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 163,551 (82) - Interest and dividend income 2,142 61,184 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2,142 61,184 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 165,693 61,102 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 59,655 - Other interest expense - net 118 1,855 - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 118 61,510 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 165,575 (408) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 52,359 (83) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 113,216 (325) Retained earnings - beginning of year 125,921 3,573 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $239,137 $3,248 - ============================================================= ==================== ==================== ====================
852 MEC International B.V., Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited, Mission Hydro Limited Partnership, EME Generation Holdings Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - ($595,877) - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (595,877) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (122,890) - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (92,255) $83 Depreciation, decommissioning and amortization - (63,230) - Property and other taxes - (17,063) - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (295,438) 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (300,439) (83) Interest and dividend income - (217,224) - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (217,224) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (517,663) (83) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - (475,504) 9 Other interest expense - net - (1,973) - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - (477,477) 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (40,186) (92) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (38,287) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (1,899) (92) Retained earnings - beginning of year - (46,629) (52) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($48,528) ($144) ============================================================= ==================== ==================== ====================
853 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12,402 $2 $17 Receivables - net 21,271 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (190) - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 33,483 2 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 132,818 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 15,597 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 132,818 - 15,597 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $166,301 $2 $15,615 ============================================================= ==================== ==================== ====================
854 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $12,421 - Receivables - net ($14,517) 6,754 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (1) (190) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (14,518) 18,985 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 12,095 144,913 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (15,597) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (3,502) 144,913 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 3,525 3,525 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,525 3,525 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($14,495) $167,423 - ============================================================= ==================== ==================== ====================
855 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $21,996 - - Accounts payable 11,552 ($181) ($33,712) Accrued taxes (105) - - Accrued interest 2,111 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 35,554 (181) (33,712) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 98,424 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 30,766 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,766 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2 - - Additional paid-in capital - - 161 Accumulated other comprehensive income: Cumulative translation adjustments - net (5,503) (6) (214) Unrealized gain in equity securities-net - - - Retained earnings 7,058 189 49,380 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,557 183 49,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $166,301 $2 $15,615 ============================================================= ==================== ==================== ====================
856 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $21,996 - Accounts payable ($14,517) (36,858) - Accrued taxes - (105) - Accrued interest - 2,111 - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (14,517) (12,856) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 98,424 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,141 31,907 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,141 31,907 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (2) - - Additional paid-in capital - 161 Accumulated other comprehensive income: Cumulative translation adjustments - net 7,545 1,822 - Unrealized gain in equity securities-net - - Retained earnings (8,662) 47,965 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,119) 49,948 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($14,495) $167,423 - ============================================================= ==================== ==================== ====================
857 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation $95,623 - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 95,623 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,150 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 14,336 - $14 Depreciation, decommissioning and amortization 7,895 - - Property and other taxes 2,086 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65,467 - 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 30,156 - (14) Interest and dividend income (54,975) 49,241 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (54,975) - 49,241 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (24,819) - 49,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,328 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 7,328 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (32,147) - 49,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 7,587 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (39,734) - 49,227 Retained earnings - beginning of year 46,792 $189 153 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7,058 $189 $49,380 ============================================================= ==================== ==================== ====================
858 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $95,623 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 95,623 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,150 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,350 - Depreciation, decommissioning and amortization $179 8,074 - Property and other taxes - 2,086 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 179 65,660 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (179) 29,963 - Interest and dividend income - (5,734) - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (5,734) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (179) 24,229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 7,328 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 7,328 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (179) 16,901 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 7,587 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (179) 9,314 - Retained earnings - beginning of year (8,482) 38,652 - Dividends declared on common stock (1) (1) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,662) $47,965 - ============================================================= ==================== ==================== ====================
859 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12,402 $2 $17 Receivables - net 21,271 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (190) - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 33,483 2 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 132,818 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 15,597 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 132,818 - 15,597 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $166,301 $2 $15,615 ============================================================= ==================== ==================== ====================
860 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $12,421 - Receivables - net ($14,517) 6,754 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (1) (190) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (14,518) 18,985 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 12,095 144,913 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (15,597) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (3,502) 144,913 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges 3,525 3,525 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,525 3,525 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($14,490) $167,423 - ============================================================= ==================== ==================== ====================
861 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $21,996 - - Accounts payable 11,552 ($181) ($33,712) Accrued taxes (105) - - Accrued interest 2,111 - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 35,554 (181) (33,712) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 98,424 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 30,766 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 30,766 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2 - - Additional paid-in capital - - 161 Accumulated other comprehensive income: Cumulative translation adjustments - net (5,503) (6) (214) Unrealized gain in equity securities-net - - Retained earnings 7,058 189 49,380 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,557 183 49,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $166,301 $2 $15,615 ============================================================= ==================== ==================== ====================
862 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($14,517) $21,996 - Accounts payable - (36,858) - Accrued taxes - (105) - Accrued interest - 2,111 - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (14,517) (12,856) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 98,424 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,141 31,907 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,141 31,907 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (2) - - Additional paid-in capital - 161 - Accumulated other comprehensive income: Cumulative translation adjustments - net 7,544 1,822 - Unrealized gain in equity securities-net - - Retained earnings (8,660) 47,966 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,118) 49,949 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($14,494) $167,424 - ============================================================= ==================== ==================== ====================
863 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Lakeland Power Ltd Lakeland Power Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $95,623 - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 95,623 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,150 - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 14,336 - $14 Depreciation, decommissioning and amortization 7,895 - - Property and other taxes 2,086 - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 65,467 - 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income 30,156 - (14) Interest and dividend income (54,975) - 49,241 Other nonoperating income (deductions)- net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (54,975) - 49,241 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (24,819) - 49,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt 7,328 - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges 7,328 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (32,147) - 49,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 7,587 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (39,734) - 49,227 Retained earnings - beginning of year 46,792 $189 153 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7,058 $189 $49,380 ============================================================= ==================== ==================== ====================
864 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $95,623 - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 95,623 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,150 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,350 - Depreciation, decommissioning and amortization $178 8,073 - Property and other taxes - 2,086 - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 178 65,659 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (18) 29,964 - Interest and dividend income - (5,734) - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (5,734) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (178) 24,230 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 7,328 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 7,328 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (178) 16,901 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - 7,587 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (178) 9,315 - Retained earnings - beginning of year (8,482) 38,652 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,660) $47,966 - ============================================================= ==================== ==================== ====================
865 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME del Caribe EME del Caribe [7] EcoElectrica Holding GmbH Holdings, Ltd. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,324 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,324 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 223,961 $223,345 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 223,961 223,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $225,285 $223,345 - ============================================================= ==================== ==================== ====================
866 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EcoElectrica Ltd. EcoElectrica Consolidating [9] S.a.r.l. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $12 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 224,330 ($448,291) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 224,330 (448,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $224,342 ($448,291) ============================================================= ==================== ==================== ====================
867 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,336 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,336 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 223,345 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 223,345 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $224,681 - - ============================================================= ==================== ==================== ====================
868 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EME del Caribe EME del Caribe [7] EcoElectrica Holding GmbH Holdings, Ltd. [8] - ------------------------------------------------------------- -------------------- --------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- --------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $47 - Accrued taxes $106 - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total current liabilities 106 47 - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Common stock 43 - - Additional paid-in capital 224,950 223,298 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 186 - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total common shareholders' equity 225,179 223,298 - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total liabilities and shareholders' equity $225,285 $223,345 - ============================================================= ==================== ===================== ====================
869 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EcoElectrica Ltd. EcoElectrica Consolidating [9] S.a.r.l. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $8 - Accrued taxes - (4) - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 15 ($43) Additional paid-in capital - 224,330 (448,248) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 224,338 (448,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $224,342 ($448,291) ============================================================= ==================== ==================== ====================
870 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $55 - - Accrued taxes 102 - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 157 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 15 - - Additional paid-in capital 224,330 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 179 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 224,524 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $224,681 - - ============================================================= ==================== ==================== ====================
871 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EME del Caribe EME del Caribe [7] EcoElectrica Holding GmbH Holdings, Ltd. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $22 $229 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 22 229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (22) (229) - Interest and dividend income 105 - - Other nonoperating income (deductions)-net (14) 229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 91 $229 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 69 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 69 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 23 - - Retained earnings - beginning of year 163 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $186 - - ============================================================= ==================== ==================== ====================
872 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EcoElectrica Ltd. EcoElectrica Consolidating [9] S.a.r.l. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $8 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 8 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - (8) - Interest and dividend income - - - Other nonoperating income (deductions)-net - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net - (2) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes - (10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes - (10) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes - (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - (7) - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($7) - ============================================================= ==================== ==================== ====================
873 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $259 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 259 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (259) - - Interest and dividend income 105 - - Other nonoperating income (deductions)-net 213 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 318 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 59 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 59 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 43 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 16 - - Retained earnings - beginning of year 163 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $179 - - ============================================================= ==================== ==================== ====================
874 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $57 $1,283 - Receivables - net - 5,012 - Fuel inventory - 4,778 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets - 732 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 57 11,805 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 739,339 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 184,280 - $84,936 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 184,280 739,339 84,936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,995 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $184,337 $756,139 $84,936 ============================================================= ==================== ==================== ====================
875 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($1,340) - - Receivables - net (5,012) - - Fuel inventory (4,778) - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Regulatory balancing accounts - net - - - Prepayments and other current assets (732) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (11,862) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (739,339) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (184,280) $84,936 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (923,619) 84,936 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - - - Generation - - - Accumulated provision for depreciation and decommissioning - - - Construction work in progress - - - Nuclear fuel, at amortized cost - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Unamortized nuclear investment - net - - - Income tax-related deferred charges - - - Regulatory balancing accounts - net - - - Unamortized debt issuance and reacquisition expense - - - Other deferred charges (4,995) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,995) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($940,476) $84,936 - ============================================================= ==================== ==================== ====================
876 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $11,401 - Current portion of long-term debt - - - Accounts payable ($1,879) (283,049) ($11,153) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory balancing accounts-net - - - Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,879) (271,648) (11,153) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 418,280 133,068 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (9) - (6,883) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 353,905 - Other long-term liabilities - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 354,720 (6,883) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - - Additional paid-in capital 181,930 186,821 - Accumulated other comprehensive income: Cumulative translation adjustments - net (593) (2,632) (20,198) Unrealized gain in equity securities-net - - Retained earnings 4,888 70,598 (9,898) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 186,225 254,787 (30,096) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $184,337 $756,139 $84,936 ============================================================= ==================== ==================== ====================
877 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt ($11,401) - - Current portion of long-term debt - - - Accounts payable 284,928 ($11,153) - Accrued taxes - - - Accrued interest - - Dividends payable - - - Regulatory balancing accounts-net Deferred unbilled revenue and other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 273,527 (11,153) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (418,280) 133,068 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 9 (6,883) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (353,905) - - Other long-term liabilities (815) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (354,711) (6,883) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - Additional paid-in capital (368,751) Accumulated other comprehensive income: Cumulative translation adjustments - net 3,225 (20,198) - Unrealized gain in equity securities-net - - - Retained earnings (75,486) (9,898) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (441,012) (30,096) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($940,476) $84,936 - ============================================================= ==================== ==================== ====================
878 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Unregulated power generation - $55,570 - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 55,570 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,759 - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,702 - Depreciation, decommissioning and amortization - (8,295) Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 15,166 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income - 40,404 - Interest and dividend income $2 12,892 $853 Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net 2 12,892 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes 2 53,296 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt - 34,381 - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - 34,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes 2 18,915 853 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,364 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income 2 18,915 (7,511) Retained earnings - beginning of year 4,886 51,683 (2,387) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,888 $70,598 ($9,898) ============================================================= ==================== ==================== ====================
879 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1999 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - Unregulated power generation ($55,570) - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (55,570) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,759) - - Purchased power - contracts - - - Purchased power - power exchange - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (14,702) - - Depreciation, decommissioning and amortization 8,295 - - Property and other taxes - - - Net loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (15,166) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (40,404) - - Interest and dividend income (12,894) $853 - Other nonoperating income (deductions)-net - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total other income - net (12,894) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before fixed charges and taxes (53,2980) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Interest and amortization on long-term debt (34,381) - - Other interest expense - net - - - Capitalized interest - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges (34,381) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income before taxes (18,917) 853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income taxes 8,364 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (18,917) (7,511) Retained earnings - beginning of year (56,569) (2,387) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($75,486) ($9,898) - ============================================================= ==================== ==================== ====================
880 MEC International B.V. Equity Investments December 31, 1999 (In thousands)
Name of Entity: Derwent Cogeneration EcoElectrica, L.P. ISAB Energy s.r.l. Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $71,021 $205,518 $446,325 Revenues $29,463 - - Net Income (Loss) $2,886 - - Nature/Purpose of Business: To own and operate a 214 To own and operate a 540 To own and operate a 512 MW gas-fired, combined MW gas-fired, combined MW cogeneration facility cycle cogeneration cycle cogeneration located in Sicily, Italy facility in the United facility in Puerto Rico Kingdom. 49% by MEC Priolo B.V. Ownership Interest(s) 33% by Mission Energy 99.0% of 50% by Company (UK) Limited EcoElectrica Holdings, Ltd., which is owned 50% by EME del Caribe 1.0% of 50% by EcoElectrica Ltd. Which is owned by EcoElectrica Holdings, Ltd., which is owned 50% by EME del Caribe
881 MEC International B.V. Equity Investments December 31, 1999 (In thousands)
Name of Entity: P.T. Paiton Energy Company P.T. Adaro Indonesia San Pascual Cogeneration Company (Philippines) Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,079,487 $18,786 - Revenues $48,776 $27,659 - Net Income (Loss) $6,667 $1,707 - Nature/Purpose of Business: To own and operate a Fuel supplier for P.T. To own and operate a 304 1,230 MW cogeneration Paiton Energy Company MW oil-fired, combined facility located in located in Indonesia cycle cogeneration Indonesia. facility located in Philippines. Ownership Interest(s) 40% by MEC Indonesia B.V. 10% MEC Indo Coal B.V. 49% by Morningstar Holdings B.V. 1% by San Pascual Cogeneration Company International B.V.
882 MEC International B.V. Equity Investments December 31, 1999 (In thousands)
Name of Entity: Tri Energy Company Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $68,300 - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate a 700 MW combined cycle cogeneration facility located in Thailand. Ownership Interest(s) 25% by EME Tri Gen B.V.
EXHIBIT B FINANCIAL DATA SCHEDULE The following is provided for Edison International on a consolidated basis: Item No. Caption Heading Amount - ------------------ ------------------------------------- --------------------- 1. Total Assets $36,229,388,000 2. Total Operating Revenue $ 9,670,064,000 3. Net Income $ 623,030,000 884 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 AUBURNDALE POWER PARTNERS, L.P. [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Devereaux Energy Company 04 Auburndale Power Partners, L.P. (49%LP) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 El Dorado Energy Company 04 Auburndale Power Partners, L.P. (1%GP) 4.04 BROOKLYN NAVY YARD COGENERATION PARTNERS, LP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy New York, Inc. 04 Brooklyn Navy Yard Cogeneration Partners,LP(1% GP & 49%LP) 4.05 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%) 885 4.06 GORDONSVILLE ENERGY, LP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Madison Energy Company 04 Gordonsville Energy, LP (49%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Rapidan Energy Company 04 Gordonsville Energy, LP (1%) 4.07 HARBOR COGENERATION COMPANY [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 South Coast Energy Company 04 Harbor Cogeneration Company (30%GP) 4.08 EME HOMER CITY GENERATION L.P. [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Edison Mission Holdings Co. 04 Chestnut Ridge Energy Company 05 EME Homer City Generation L.P. (99%LP) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Edison Mission Holdings Co. 04 Mission Energy Westside, Inc. 05 EME Homer City Generation L.P. (1%GP) 4.09 MIDWEST GENERATION, LLC [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Midwest Generation EME, LLC 04 Edison Mission Midwest Holdings Co. 05 Midwest Generation, LLC 4.10 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%) 886 4.11 CONTACT ENERGY LIMITED [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Edison Mission Energy Global Management, Inc. 04 Majestic Energy Limited 05 EME Royale 06 Edison Mission Energy Taupo Limited 07 Contact Energy Limited (40%) 4.12 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 (99%) - --- 05 MEC International Holdings B.V. 06 MEC Perth B.V. (1%) 07 Kwinana Power Partnership (99%) 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc.* 04 MEC International B.V. 05 Loy Yang Holdings Pty Ltd. 06 Edison Mission Energy Holdings Pty Ltd. 07 Mission Energy (Kwinana) Pty Ltd. 08 Kwinana Power Partnership (99%) 4.13 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 Latrobe Power Pty Ltd (99%) 06A Mission Victoria Partnership (52.31%) 07A Latrobe Power Partnership (99%) 08A Loy Yang B Joint Venture (51%) - --- 05B Loy Yang Holdings Pty Ltd 06B Edison Mission Energy Holdings Pty Ltd 07B Edison Mission Energy Australia Ltd 08B Latrobe Power Partnership (1%) 09B Loy Yang B Joint Venture (51%) - --- 05C Loy Yang Holdings Pty Ltd 06C Latrobe Power Pty Ltd (1%) 07C Mission Victoria Partnership (52.31%) 08C Latrobe Power Partnership (99%) 09C Loy Yang B Joint Venture (51%) - --- 887 05D Loy Yang Holdings Pty Ltd 06D Mission Energy Ventures Australia Pty Ltd 07D Mission Victoria Partnership (1%) 08D Latrobe Power Partnership (99%) 09D Loy Yang B Joint Venture (51%) - --- 05E Loy Yang Holdings Pty Ltd 06E Traralgon Power Pty Ltd (1%) 07E Mission Victoria Partnership (46.69%) 08E Latrobe Power Partnership (99%) 09E 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%) - --- 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%) 888 4.14 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 (40%) - --- 05 MEC International Holdings B.V. 06 MEC Indonesia B.V. (1%) 07 P. T. Paiton Energy Company (40%) 4.15 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%) 4.16 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%) - --- 889 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%) 4.17 EDISON FIRST 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 Global Generation B.V. 06 Edison First Power Holdings I 07 Maplekey Holdings Limited 08 Maplekey UK Finance Limited 09 Maplekey UK Limited 10 Edison First Power Limited 890 4.18 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. (96.65%) 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. (96.65%) - --- 06 Iberica de Energias (3.35%) 4.19 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. (96.65%) 07 Electrometalurgica del Ebro, S.A. (91.32%) 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. (96.65%) 08 Electrometalurgica del Ebro, S.A. (91.32%) - -- 06 Iberica de Energias, S.A. (3.35%) 07 Electrometalurgica del Ebro, S.A. (91.32%) 4.20 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 - --- 05 Pride Hold Limited (1%) 06 Lakeland Power Limited 891 4.21 ECOELECTRICA L.P. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc.* 04 MEC International B.V. 05 EcoElectrica S.a.r.l. 06 EME del Caribe Holding GmbH 07 EME del Caribe 08 EcoElectrica Holdings, Ltd. 50% 09 EcoElectrica Ltd. 10 Ecoelectrica LP (1%) - --- 09 Ecoelectrica LP (99%) 4.22 TRI ENERGY COMPANY 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 EME Tri Gen B.V. 06 Tri Energy Company Limited (25%) 4.23 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. (49%) - --- 05 MEC International Holdings B.V. 06 MEC Priolo B.V. (1%) 07 ISAB Energy, s.r.l. (49%) * Mission Energy Holdings International, Inc. directly owns 99.99% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.01% of MECI through its wholly owned subsidiary EME UK International LLC, which owns 100% of the Class B shares of MECI. EX-27 2 FDS --
OPUR3 (EIX Financial Data Schedule - U-3A-2 12/31/1999) YEAR DEC-31-1999 DEC-31-1999 PER-BOOK 36,229,388,000 9,670,064,000 623,030,000
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