-----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, AfWvMIIt7jlUAahE5n/DS4YvfIcolJ3VNTPSnSgxPUaVRDXFHRj8yP3VOBBhzg2G QQ2hSimtoSTde7Z8YdV0WQ== 0000827052-01-000056.txt : 20010424 0000827052-01-000056.hdr.sgml : 20010424 ACCESSION NUMBER: 0000827052-01-000056 CONFORMED SUBMISSION TYPE: U-3A-2/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20001231 FILED AS OF DATE: 20010420 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/A SEC ACT: SEC FILE NUMBER: 069-00344 FILM NUMBER: 1607500 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 369 STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 6263022222 MAIL ADDRESS: STREET 1: 2244 WALNUT GROVE AVE, STE 369 STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 FORMER COMPANY: FORMER CONFORMED NAME: SCECORP DATE OF NAME CHANGE: 19920703 U-3A-2/A 1 0001.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM U-3A-2/A 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. Unless otherwise indicated, 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 TRUST I is a Delaware business trust organized to act as a financing vehicle. 02 SCE TRUST II is a Delaware business trust organized to act as a financing vehicle. 2 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 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 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 organized to act as a financing vehicle. 01 THE MISSION GROUP 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 nonutility companies. The subsidiaries of The Mission Group are as follows: 02 EDISON O&M SERVICES is a California corporation having its principal place of business at 955 Overland Court, San Dimas, CA 91772, that provides 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, and which is currently inactive. 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, and which is currently inactive. 3 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 interest to 16.66% 02 EDISON ENVIRONMENTAL SERVICES is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770, which was organized to provide nuclear decommissioning services, and which is currently inactive. 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 EDISON SOURCE NORVIK COMPANY is a Canadian company having its principal place of business at 1959 Upper Water Street, Suite 800, Halifax, NS B3J 2X2. It is engaged in the business of providing rapid battery charging technology for the electric fork lift market. 04 G.H.V. REFRIGERATION, INC. 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 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 (Inactive) 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 4 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 1700, 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) 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 Aaron Michael Associates LP 99.9% 05 Abajo Del Sol LP 99.9% 05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99% 05 Auburn Manor L.L.C. 50% 05 Baldwin Village LP 99.9% 05 Bartlett Hill Associates LP 99% 05 Bouquet Canyon Seniors LP 99% 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 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% 5 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% 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 99.9% 6 07 2814 Fifth Street Associates LP (Land Park Woods) 99% 07 Alma Place Associates LP 99% 07 Knolls Community Associates LP 99.9% 07 Monterra Village Associates LP 99% 07 Pacific Terrace Associates LP 99.9% 07 PVA LP (Park Victoria) 99% 07 Sherman Glen, L.L.C. 99% 07 Strobridge Housing Associates LP 99% 07 Trolley Terrace Townhomes LP 99.9% 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 99.9% 07 Boulder Creek Apartments LP 99.9% 07 Burlington Senior Housing LLC 99.9% 07 CCS/Renton Housing LP (Renton) 99.9% 07 Coolidge Station Apartments L.L.C. 99% 07 Lark Ellen LP 99% 07 Mercy Housing California IX LP (Sycamore) 99.9% 07 Morgan Hill Ranch Housing LP 99% 07 Pacifica Community Associates LP (Villa Pacifica) 99.9% 07 Persimmon Associates LP 99% 07 Providence-Brown Street Housing LP (Brown Street) 99.9% 07 San Juan Commons 1996 LP 99.9% 07 Timber Sound, Ltd. 99% 07 Timber Sound II, Ltd. 99% 07 Trinity Park Apartments LP 99.9% 07 Venbury Trail LP 99.9% 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 99.9% 07 Barnsdall Court LP (Villa Mariposa) 99% 07 Borregas Court LP 99% 07 Bryson Family Apartments LP 99.9% 07 Carson Housing LP 98% 07 Casa Rampart LP (Rampart Apartments) 98.9% 07 Davis MHA Twin Pines Community Associates LP (Northstar Apartments) 99% 07 Eastwood Homes LP 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 99.9% 07 Riverwalk Apartments, Ltd. (Colorado) 99% 7 07 Rosecreek Senior Living LP 99.9% 07 Twin Ponds Apartments LP 99.9% 07 Woodleaf Village LP 98.99% 07 Women's Westlake LP (Dorothy Day) 99% 06 Edison Capital Housing Partners XIV LP 7.61%GP 07 Apollo Development Associates LP (Apollo Hotel) 99.9% 07 Carson Terrace LP 99.9% 07 Don Avante Association II LP (Village Avante) 99.9% 07 Preservation Properties I 99.9% 07 Preservation Properties II 99.9% 07 Preservation Properties III 99.9% 07 Preservation Properties IV 99.9% 07 Preservation Properties V 99.9% 07 Rowland Heights Preservation LP 99.9% 07 Springdale Preservation LP (Springdale West) 99.9% 06 Edison Capital Housing Partners XV LP 9.567%GP 07 708 Pico LP (Wavecrest Apartments) 99.9% 07 Benton Green LP 99.9% 07 Don Avante Association I LP (Don de Dios) 99.9% 07 Emmanuel Grant Company LLC (Capitol Heights) 99.9% 07 Highland Village Partners LP 99.9% 07 I.G. Partners LP (Islands Gardens) 99.9% 07 Karen Partners LP 99.9% 07 Lilac Estates LP 99.9% 07 Mountainlands Housing Partners LP (Holiday Village Apartments) 99.9% 07 NAHF Brockton LP (Southfield Gardens) 99.9% 07 Northern Senior Housing LP (St. Johnsbury) 99.9% 07 Park Place 1998, LLC 99.9% 07 Park Williams Partners LP 99.9% 07 Patriots Pointe at Colonial Hills LP 99.9% 07 PlumTree Preservation LP 99.9% 07 Poinsettia Housing Associates 99.9% 07 Project Home I LLC 99.99% 07 Saratoga Vacaville LP (Saratoga Senior) 99.9% 07 Serena Sunbow LP (Villa Serena) 99.9% 07 St. Regis Park LP (Pear Tree) 99.9% 07 Vista Sonoma Senior Living LP 99.9% 07 Westfair LLC (Cedar Ridge) 99.9% 07 Windrush Apartments of Statesville LP 99.9% 07 Wingate LLC (Regency Park) 99.9% 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 8 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% 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 9 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% 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% 10 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 EHI DEVELOPMENT COMPANY 05 EHI DEVELOPMENT FUND 05 Eugene Hotel LP 99.9% 05 Florence Apartments LLC 99% 05 Harry Clark Jr. Residential Center LLC 99% 05 Hercules Senior Housing Associates 99.9% 05 Hilltop Farms LP 99.9% 05 Hotel Elkhart L.L.C. (The Cornerstone) 99% 05 Josephinum Associates LP, The (Washington ptnrshp) 99% 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 ptnrshp) 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 Lovejoy Station LP 99.9% 05 Madison/Mollison LP (Park Mollison) 99% 05 Maplewood Housing Associates LP 99.9% 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% 11 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% [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% 12 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% 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% 13 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 99.9% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99.9% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99.9% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99.9% 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% 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 99.9% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99.9% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99.9% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99.9% 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% 14 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% 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% 06 Quebec Arms Apartments LP 0.05% GP 06 University Manor Apartment LP 0.05% GP 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% 15 07 Edison Capital Housing Partners IX LP 13.5533%GP 08 1010 SVN Associates LP 99.9% 08 2814 Fifth Street Associates LP (Land Park Woods) 99% 08 Alma Place Associates LP 99% 08 Knolls Community Associates LP 99.9% 08 Monterra Village Associates LP 99% 08 Pacific Terrace Associates LP 99.9% 08 PVA LP (Park Victoria) 99% 08 Sherman Glen, L.L.C. 99% 08 Strobridge Housing Associates LP 99% 08 Trolley Terrace Townhomes LP 99.9% 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 Edison Capital Affordable Housing 99A G.P. 0.01% 08 Edison Capital Housing Partners IX LP 13.5533%GP 09 1010 SVN Associates LP 99.9% 09 2814 Fifth Street Associates LP (Land Park Woods) 99% 09 Alma Place Associates LP 99% 09 Knolls Community Associates LP 99.9% 09 Monterra Village Associates LP 99% 09 Pacific Terrace Associates LP 99.9% 09 PVA LP (Park Victoria) 99% 09 Sherman Glen, L.L.C. 99% 09 Strobridge Housing Associates LP 99% 09 Trolley Terrace Townhomes LP 99.9% 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 99.9% 09 Boulder Creek Apartments LP 99.9% 09 Burlington Senior Housing LLC 99.9% 09 CCS/Renton Housing LP (Renton) 99.9% 09 Coolidge Station Apartments L.L.C. 99% 09 Lark Ellen LP 99% 09 Mercy Housing California IX LP (Sycamore) 99.9% 09 Morgan Hill Ranch Housing LP 99% 09 Pacifica Community Associates LP (Villa Pacifica) 99.9% 09 Persimmon Associates LP 99% 09 Providence-Brown Street Housing LP (Brown Street) 99.9% 09 San Juan Commons 1996 LP 99.9% 09 Timber Sound, Ltd. 99% 09 Timber Sound II, Ltd. 99% 09 Trinity Park Apartments LP 99.9% 09 Venbury Trail LP 99.9% 07 Oakdale Terrace Leased Housing Associates LP 0.01% 07 Westfield Condominium Investment LP 0.01% 16 7 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 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 Quebec Arms Apartments LP 99.9% 05 Red Lake LP #1 99% 05 San Martin de Porres LP 99.9% 05 Schoolhouse Court Housing Associates LP 99% 05 SD Regency Centre LP 99.9% 05 Southern Hotel LP 99.9% 05 Tabor Grand LP (Colorado partnership) 99% 05 Terra Cotta Housing Associates LP 99.9% 05 University Manor Apartments LP 99.9% 05 Virginia Lane LP 99.9% 05 Vista Verde Housing Associates LP 99.9% 05 WGA INVESTORS COMPANY [dead project] 05 West Valley Hart LP (Hart & Alabama) 99.9% 05 Westfield Condominium Investment LP 98.99% 05 White Mountain Apache LP 99% 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% 17 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 INTERNATIONAL TRANSMISSION (BERMUDA) LTD. (Bermuda corporation) 100% 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 7.89% 08 Andes Energy XII Ltd. 100% 09 Paz Holdings Ltd. 43.22% 10 Compania Adminstradora de Empresas Bolivia S.A. (Cade) 12.55% (Bolivian service company) Address: Edificio Electropaz SA, subsuelo Plaza Venezuela No. 1401 esq. Loayza, La Paz, Bolivia 10 Electricidad de La Paz S.A. (Electropaz) (equity) 10% (Bolivian foreign utility company) [See 4.EC01] Address: Avenida Illimani l973, Casilla 10511, La Paz, Bolivia 10 Empresa de Luz y Fuerza Electrica de Oruro S.A. (Elfeo) 12.55% (Bolivian foreign utility company) [See 4.EC02] Address: Junin No. 710, Casilla No. 53, Oruro, Bolivia 10 Empresa de Servicios Edeser S.A. (Edeser) 12.55% (Bolivian service company) Address: Iturralde No. 1309, Miraflores, La Paz, Bolivia 07 AIG Emerging Europe Infrastructure Fund LP 18.05% 07 AIG Emerging Europe Infrastructure Management LP 23.6%GP 06 Lyonnaise Latin America Water Corporation Ltd. (equity) 25.8% 06 Olmeca Cable Investments Ltd. (Mandeville Mexico, S.A.) 21.7% 06 Paz Holdings Ltd. 30.42% 07 Compania Adminstradora de Empresas Bolivia S.A. (Cade) 12.55% (Bolivian service company) Address: Edificio Electropaz SA, subsuelo Plaza Venezuela No. 1401 esq. Loayza, La Paz, Bolivia 07 Electricidad de La Paz S.A. (Electropaz) (equity) 10% (Bolivian foreign utility company) [See 4.EC01] Address: Avenida Illimani l973, Casilla 10511, La Paz, Bolivia 07 Empresa de Luz y Fuerza Electrica de Oruro S.A. (Elfeo) 12.55% (Bolivian foreign utility company) [See 4.EC02] Address: Calle Junin No. 71, Casilla No. 53, Oruro, Bolivia 07 Empresa de Servicios Edeser S.A. (Edeser) 12.55% (Bolivian service company) Address: Iturralde No. 1309, Miraflores, La Paz, Bolivia 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% 18 07 AIG-GE Capital Latin American Infrastructure Fund LP 7.89% 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 07 Adams Campus Limited (Clarendon College) 25% 07 Barr Castlehill Holdings Limited 22.05% 07 Catchment Highland Limited (Highland Project) 16.67% 07 Covesea Limited (Lossiemouth Project) 16.67% 07 Dumfries and Galloway Royal Infirmary 19.9% 07 Fiddler's Ferry and Ferrybridge Power Plants 33% 07 GH Bodmin (Holdco) Limited 9.8% 07 HpC King's College Hospital (Holdings) Limited 20% 07 Kinnoul House Limited (Perth Project) 25% 07 Morrison Edison Investments Limited 50% 07 Newham Community Healthcare Services NHS Trust 9.8% 07 Road Link (A69) Limited 9.12% 07 St. George's Hospital 80% 07 St. Mary's Wing of Luton and Dunstable Hospital 20.8% 07 Summit Holdings (Law) Limited (Law Hospital) 20% 07 Wansbeck General Hospital for the Northumbria Health Care NHS Trust 19.2% 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.EC03] Address: c/o Wilmington Trust Company, Rodney Square North, 111 North Market Square, Wilmington, Delaware 19890-0004 05 MISSION FUNDING DELTA 06 MISSION FUNDING NU 07 EPZ Mission Funding Nu Trust (equity interest in foreign utility company) [See 4.EC04] Address: c/o Wilmington Trust Company, Rodney Square North, 111 North Market Square, Wilmington, Delaware 19890-0004 05 MISSION INVESTMENTS, INC. (U.S. Virgin Islands corp.) Address: ABN Trustcompany, Guardian Building, Havensight, 2nd Floor, St. Thomas, U.S. Virgin Islands 05 MISSION (BERMUDA) INVESTMENTS, LTD. (Bermuda corp.) 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% [See 4.EC05] Address: c/o Northern Alternative Energy, Inc., 333 Washington Ave North, Suite 402, Minneapolis, MN 55401 05 Shaokatan Hills LLC 75% [See 4.EC06] Address: c/o Northern Alternative Energy, Inc., 333 Washington Ave North, Suite 402, Minneapolis, MN 55401 05 Woodstock Hills LLC 75% [See 4.EC07] Address: 191 West Fifth Street, Cottonwood, MN 56229 04 MISSION IOWA WIND COMPANY 05 Storm Lake Power Partners I LLC (99%) [See 4.EC08] 19 Address: 13000 Jameson Road, Tehachapi, CA 93561 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 1700, 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 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 20 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) Company and interests sold December 2000 04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50% 05 Cogen Technologies NJ Ventures (Delaware G.P.) 0.75% 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% 04 CPC Cogeneration LLC (Delaware LLC) 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 CRESCENT VALLEY ENERGY COMPANY (Inactive) 03 DEL MAR ENERGY COMPANY (GP) 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.EME01] [07/06/2000 Calpine acquired the remaining 50% from EME] 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 DEVELOPMENT, INC. (Delaware corporation) 100% 03 EDISON MISSION ENERGY FUEL 04 EDISON MISSION ENERGY OIL & GAS 21 05 Four Star Oil & Gas Company 35.84% 04 EDISON MISSION ENERGY PETROLEUM 04 POCONO FUELS COMPANY (Inactive) 04 SOUTHERN SIERRA GAS COMPANY 05 TM Star Fuel Company (general partnership) 50% 03 EDISON MISSION ENERGY FUNDING CORP. (Delaware corporation) 1% 03 EDISON MISSION ENERGY GLOBAL MANAGEMENT, INC. (Delaware corporation) [Corporation dissolved 12/21/2000] 04 MAJESTIC ENERGY LIMITED (UK private limited company) Address: Lansdowne House, Berkeley Square, London W1X 5DH England [owned directly by EME--Tier 3] 05 EME ROYALE (New Zealand private limited company) Address: Lansdowne House, Berkeley Square, London W1X 5DH England [Tier 4] 06 EDISON MISSION ENERGY TAUPO LIMITED (New Zealand company) 100% [Tier 5] Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 03 Edison Mission Energy Interface Ltd. (British Columbia Co.) Address: 2 Sheppard Ave. E. #200, North York, Ontario, Canada 04 The Mission Interface Partnership (Province of Ontario G.P.) 50% 03 EDISON MISSION ENERGY SERVICES, INC. [formerly EDISON MISSION ENERGY FUEL SERVICES, INC.] [PowerGen project] 03 EDISON MISSION FUEL RESOURCES, INC. [Com Ed Project 03 EDISON MISSION FUEL TRANSPORTATION, INC. [Com Ed Project] 03 EDISON MISSION MARKETING & TRADING, INC. [Com Ed Project] 04 CP POWER SALES FIVE, L.L.C. 04 CP POWER SALES THIRTEEN, L.L.C. 04 CP POWER SALES FOURTEEN, L.L.C. 04 CP POWER SALES FIFTEEN, L.L.C. 04 CP POWER SALES SEVENTEEN, L.L.C. 04 CP POWER SALES EIGHTEEN, L.L.C. 04 CP POWER SALES NINETEEN, L.L.C. 04 CP POWER SALES TWENTY, L.L.C. 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.EME06] Address: 1750 Power Plant Road, Homer City, PA 15748-8009 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.EME06] Address: 1750 Power Plant Road, Homer City, PA 15748-8009 03 EDISON MISSION OPERATION & MAINTENANCE, INC. 04 Mission Operations de Mexico, S.A. de C.V. 99% Address: Bosques de Ciruelos No. 304 2 Piso, Colonia Bosques de las Lomas, 11700 Mexico Distrito Federal 03 EDISON MISSION PROJECT CO. (formerly EME UK International, Inc.) (Delaware corp) 100% [holds 100% of the issued and outstanding Class D shares of MEC International B.V. (0.01%)--see INTERNATIONAL section] 03 EL DORADO ENERGY COMPANY (GP) 04 Auburndale Power Partners, LP (Delaware LP) 1%GP; 50% w/ Devereaux [See 4.EME01] [07/06/2000 Calpine acquired the remaining 50% from EME] 03 EME EASTERN HOLDINGS CO. ATHENS FUNDING, L.L.C. 22 04 CITIZENS POWER HOLDINGS ONE, LLC 05 CL POWER SALES ONE, L.L.C. 25% 05 CL POWER SALES TWO, L.L.C. 25% 05 CL POWER SALES SIX, L.L.C. 25% 05 CL POWER SALES SEVEN, L.L.C. 25% 05 CL POWER SALES EIGHT, L.L.C. 25% 05 CL POWER SALES NINE, L.L.C. 25% 05 CL POWER SALES TEN, L.L.C. 25% 04 CP POWER SALES TWELVE, L.L.C. 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 CORPORATION (Virginia corporation) (GP & LP) 05 Commonwealth Atlantic LP (Delaware partnership) 50% [See 4.EME03] Address: 2837 South Military Highway, Chesapeake, VA 23323-0286 03 HOLTSVILLE ENERGY COMPANY (GP & LP) 04 Brookhaven Cogeneration, LP (Delaware partnership) 50%; 100% w/ Madera 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.EME04] Address: 115 Red Hill Road, Gordonsville, VA 22942 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 ENERGY FUEL SERVICES, LLC Address: One Financial Place, 440 South LaSalle Street, Suite 3500, 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.EME07] Address: One Financial Place, 400 South LaSalle Street, 23 Suite 3410, Chicago, Illinois 60605 03 MIDWEST PEAKER HOLDINGS, INC. (Delaware corporation) 100% 03 Mission Capital, LP (Delaware LP) 3%; MIPS partnership 03 MISSION DEL CIELO, INC. 100% 04 Mission Del Sol, LLC (Delaware LLC) 100% 05 Sunrise Power Company 100% [EWG] 03 MISSION/EAGLE ENERGY COMPANY (Inactive) 03 MISSION ENERGY CONSTRUCTION SERVICES, INC. (Provided services for construction 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 shares of MEC International B.V. (99.97%)--see INTERNATIONAL section] 04 EME INVESTMENTS, LLC (Delaware LLC) 100% [Contact Energy Acq.] 04 EME SOUTHWEST POWER CORPORATION (Delaware corp) 100% [holds 100% of the issued and outstanding Class C shares of MEC International B.V. (0.01%)--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.EME02] Address: Flushing Avenue, Cumberland Street, Building 41, Brooklyn, NY 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% 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.EME12] Address: Bartons Lane, Loy Yang, Victoria, Australia 3844 06 Energy Capital Partnership (Australia partnership) 1%LP 07 Enerloy Pty Ltd. (Australia company) 100% 06 First Hydro Holdings Company (Australia partnership) 99% 24 Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 First Hydro Company 99% [See 4.EME16] 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.EME16] Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 03 Mission Operations de Mexico, S.A. de C.V. 1% Address: Bosques de Ciruelos No. 304 2 Piso, Colonia Bosques de las Lomas, 11700 Mexico Distrito Federal 03 MISSION TRIPLE CYCLE SYSTEMS COMPANY (GP) 04 Triple Cycle Partnership (Texas G.P.) 50% 03 NORTH JACKSON ENERGY COMPANY (Inactive) 03 NORTHERN SIERRA ENERGY COMPANY (GP) 04 Sobel Cogeneration Company (general partnership) 50% 03 ORTEGA ENERGY COMPANY 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.EME08] Address: 200 South Virginia Street, Reno, NV 89501 03 RAPIDAN ENERGY COMPANY (GP) 04 Gordonsville Energy, LP (Delaware partnership) 1%; 50% w/ Madison [See 4.EME04] Address: 115 Red Hill Road, Gordonsville, VA 22942 03 REEVES BAY ENERGY COMPANY (GP & LP) 04 North Shore Energy LP (Delaware partnership) 50%; 100% w/ Santa Clara 05 Northville Energy Corporation (New York corp.) 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) 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) 25 04 North Shore Energy, LP (Delaware partnership) 50%; 100% w/ Reeves Bay 05 Northville Energy Corporation (New York corp.) 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 (Inactive) 03 SOUTH COAST ENERGY COMPANY (GP) 04 Harbor Cogeneration Company 30% [See 4.EME05] Address: 420 Henry Ford Avenue, Wilmington, CA 93210 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 Beheer-en Beleggingsmaatschappij Jydeno B.V. (Inactive) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Advantage B.V. 100% (Inactive) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 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 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 26 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 co.) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 Edison Mission Millennium B.V. (Netherlands company) 100% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 EME Caliraya B.V. (formerly Beheer-en Beleggingsmaatschappij Trepo B.V. 75% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 07 CBK Power Company Ltd. (Philippine LP) 49% [not officially a partner yet] Address: 1701 One Magnificent Mile Building, San Miguel Avenue, Ortigas Center, Pasig City, Philippines 06 EME Kayalaan B.V. (formerly Beheer-en Beleggingsmaatschappij Hagra B.V. 100% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 07 CBK Power Company Ltd. (Philippine LP) 1% [not officially a partner yet] Address: 1701 One Magnificent Mile Building, San Miguel Avenue, Ortigas Center, Pasig City, Philippines 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 co.) 100% Address: Unit 1105, Tower One, Ayala Triangle, Ayala Avenue, Makati City, Philippines 05 Edison Mission Wind Power Italy B.V. (formerly IVPC Energy 5 B.V.) 100% Address: Apollolaan 15, 1077 AB Amsterdam, The Netherlands 06 Italian Vento Power Corporation 4 S.r.l. (joint venture) 50% [See 4.EME22] Address: Via Circumvallazione, 54/h, 83100 Avellino, Italy 05 EME Atlantic Holdings Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 EME Ascot Limited (UK company) 100% [Contact Energy Project, 2nd Stage] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 EME Buckingham Limited (UK company) 100% [Contact Energy Project, 2nd Stage] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 EME Precision B.V. (Netherlands company) (formerly Beheer-en-Beleggingsmaatschappij Pylamo B.V.) 100% [Contact Energy Project, 2nd Stage] Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 09 EME Universal Holdings (New Zealand company) 100% [Contact Energy Project, 2nd Stage] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 10 EME Pacific Holdings (New Zealand company) 100% [Contact Energy Project, 2nd Stage] Address: IBM Centre, 171 Featherston Street, Wellington, New Zealand 11 Contact Energy Limited (New Zealand company) (equity) 42.26% [See 4.EME10] Address: Level 1, Harbor City Tower, 27 29 Brandon Street, Box 10-742, Wellington, New Zealand 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.EME14] Address: Grand, Amarin Tower, 16th Floor, 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 (UK LLC) 49% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Edison First Power Holdings I (UK LLC) 100% [PowerGen project] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Caresale Services Limited (UK LLC) 51% 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 (UK LLC) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 South Australian Holdings Ltd. 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 Edison Mission Retail Pty Ltd. (Australian co.) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 Edison Mission Utilities Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 08 EME International Dragon Limited (UK) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 Edison Mission Ausone Pty Ltd. (Australian co.) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 09 EME Adelaide Energy Ltd. (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 EME Monet Ltd. (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 10 Edison Mission De Laide Pty Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 10 Edison Mission Vendesi Pty Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 City Road, South Melbourne, 3205 Victoria, Australia 07 Energy Generation Finance PLC (UK) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 28 07 Maplekey Holdings Limited (UK LLC) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 08 Maplekey UK Finance Limited (UK company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 Maplekey UK Limited (UK LLC) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 10 Edison First Power Limited (Guernsey LLC) 100% [See 4.EME17] Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Redbill Contracts Limited (UK LLC) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 Hydro Energy B.V. (Netherlands LLC) 10% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Iberica de Energias, S.L. (Spain corp) 96.65% [See 4.EME18] Address: Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain 07 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [See 4.EME19] 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 LLC) 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.EME18] 08 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [See 4.EME19] 09 Monasterio de Rueda, S.L. (Spain) 100% 06 Iberica de Energias, S.L. (Spain corporation) 3.35% [See 4.EME18] 07 Electrometalurgica del Ebro, S.L. ("EMESA") (Spain corporation) 91.32% [See 4.EME19] 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.EME12] Address: Bartons Lane, Loy Yang, Victoria, Australia 3844 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 corporation) 100% Address: Southgate Complex, Level 20, HWT Tower, 40 29 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 ptnrshp) 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.EME12] 07 Edison Mission Energy Australia Pilbara Power 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.) 1% Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 09 Perth Power Partnership 70% (Kwinana Project) [See 4.EME11] Address: James Court, Kwinana Beach 6167, Western Australia 06 Latrobe Power Pty. Ltd. (Australian corporation) 1% 07 Mission Victoria Partnership (Australian partnership) 52.31% 08 Latrobe Power Partnership (Australian ptnrshp) 99% 09 Loy Yang B Joint Venture 51% [See 4.EME12] 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 ptnrshp) 1% 08 Latrobe Power Partnership (Australian ptnrshp) 99% 09 Loy Yang B Joint Venture 51% [See 4.EME12] 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 ptnrshp) 99% 09 Loy Yang B Joint Venture 51% [See 4.EME12] 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 corp.) (Project company) 80% [See 4.EME23] Address: Merkez Mahallesi, Birlik Caddesi 11/8, Esenyurt, Istanbul, Turkey 06 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% Address: Merkez Mahallesi, Birlik Caddesi 11/8, Esenyurt, Istanbul, Turkey 30 06 Doga Isletme ve Bakim Ticaret L.S. (Turkish corporation) (O&M company) 80% Address: Merkez Mahallesi, Birlik 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 co.) (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.EME13] Address: Jl. Raya Surabaya Situbondo KM 141, Paiton 67291, Probolinggo, East Java, 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 co.) (Doga Project) 1% 07 Doga Enerji Uretim Sanayi ve Ticaret L.S. (Turkish corp.) (Project company) 80% [See 4.EME23] 07 Doga Isi Satis Hizmetleri ve Ticaret L.S. (Turkish corporation) (Heat company) 80% 07 Doga Isletme ve 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 co.) (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.EME13] 06 MEC Laguna Power B.V. (Netherlands company) (Thailand Project) 1% 07 Gulf Power Generation Co. Ltd. (Bangkok corp.) 40% 06 MEC Perth B.V. (Netherlands company) (Kwinana Project) 1% 07 Kwinana Power Partnership (Australian G.P.) 99% 08 Perth Power Partnership 70% (Kwinana Project) [See 4.EME11] 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.EME21] 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% 31 06 MEC Sumatra B.V. (Netherlands company) 1% 06 MEC Wales B.V. (Netherlands Company) 1% 07 Mission Hydro Limited Partnership (UK LP) 08 EME Generation Holdings Limited (UK Co.) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia co.) 100% 09 EME Victoria Generation Limited (UK co.) 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.EME12] 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.EME16] 10 First Hydro Finance plc 11 First Hydro Company 1% [See 4.EME16] 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 Proj) 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 co.) (Kwinana Project) 99% 06 Kwinana Power Partnership (Australian G.P.) 99% Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 07 Perth Power Partnership 70% (Kwinana Project) [See 4.EME11] Address: James Court, Kwinana Beach 6167, Western Australia 05 MEC Priolo B.V. (Netherlands co.) (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.EME21] 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 Address: Unit 1610/1611, Tower One, Ayala Triangle, Ayala Ave, 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% 32 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 ptnrshp) 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 ptnrshp 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.EME12] Address: Bartons Lane, Loy Yang, Victoria, Australia 3844 08 Energy Capital Partnership (Australia ptnrshp) 1%LP 09 Enerloy Pty Ltd. (Australia company) 100% 08 First Hydro Holdings Company (Australia ptnrshp) 99% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 09 First Hydro Company 99% [See 4.EME16] 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.EME16] Address: Bala House, St. David's Park Ewloe, Dlwyd, Wales CH5 3XJ 05 Mission Energy Company (UK) Limited (United Kingdom private limited company) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 06 Derwent Cogeneration Limited (United Kingdom private limited liability company) (equity) 33% [See 4.EME15] 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 33 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.EME16] 08 First Hydro Finance plc 100% 09 First Hydro Company 1% [See 4.EME16] 07 Mission Hydro Limited Partnership 1%GP 08 EME Generation Holdings Limited (UK co.) 100% 09 Loyvic Pty Ltd. (Australia company) 100% 10 Energy Capital Partnership (Australia partnership) 1% 11 Enerloy Pty Ltd. (Australia co.) 100% 09 EME Victoria Generation Limited (UK co.) 100% 10 Energy Capital Partnership (Australia partnership 98% 11 Enerloy Pty Ltd. (Australia co.) 100% 10 Mission Energy Development Australia Pty Ltd. 11 Gippsland Power Pty Ltd 100% 12 Loy Yang B Joint Venture 49% [See 4.EME12] 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.EME16] 10 First Hydro Finance plc 99% 11 First Hydro Company 1% [See 4.EME16] 06 Pride Hold Limited (United Kingdom corp.) 99% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 07 Lakeland Power Ltd. (United Kingdom private limited liability company) 100% [See 4.EME20] Address: Roosecote Power Station, Barrow-In- Furness, Cumbria, England LA13 OPX 07 Lakeland Power Development Company (UK corp.) 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% Rep Office in Italy Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy 05 Mission NZ Operations B.V. 100% (Inactive) Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 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.EME20] Address: Roosecote Power Station, Barrow-In-Furness, Cumbria, England LA13 OPX 06 Lakeland Power Development Company (UK corp.) 100% Address: Lansdowne House, Berkeley Square, London W1X 5DH England 05 EcoElectrica S.a.r.l. (Luxemburg) Address: 10, rue Antoine Jans, L-1820 Luxembourg 34 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 St, 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% [See 4.EME09] Address: Plaza Scotiabank, 273 Ponce de Leon Avenue, Suite 902, Hato Rey, Puerto Rico 00918 09 EcoElectrica LP (Bermuda ptnrshp) (equity) 99% [See 4.EME09] Address: Plaza Scotiabank, Suite 902, Avenida Ponce de Leon 273, 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 ptnrshp) 99% 08 Loy Yang B Joint Venture 51% [See 4.EME12] 35 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. Claimant is not a "public utility company" as that term is defined in the Public Utility Holding Company Act of 1935 (the "Act") and does not own any properties used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas. None of Claimant's subsidiaries, other than SCE, is a public utility company. SCE is an "electric utility company" as defined in the Act and owns properties used for the generation, transmission and distribution of electric energy for sale, as described herein. SCE owns and operates 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. 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 7,238.38 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 60,786 overhead circuit miles and 33,081 underground circuit miles, and 563 distribution substations, all of which are located in California. 36 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) 83,435,111,000 kwh of electric energy sold at retail. (2) $7,313,847,669 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) 291,318,000 kwh of electric energy sold at wholesale outside of California or at the state line. (2) $41,626,670 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. Claimant: None. SCE: (1) 2,525,034,635 kwh of electric energy purchased at wholesale outside of California or at the state line. (2) $146,825,356 of total expenses from such purchases. 37 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (a) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. (b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. (c) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. (d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. (e) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). EDISON CAPITAL 4.EC01 ELECTRICIDAD DE LA PAZ S.A. [FUCO] (a) Electricidad de la Paz S.A. ("Electropaz"), Avenida Illimani 1973, Casilla 10511, La Paz, Bolivia. Electropaz's facilities consists of substations and distribution lines serving approximately 290,000 retail customers in La Paz and El Alto, Boliva. Electropaz does not own generation or transmission facilities. (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company; Edison Funding Company owns 100% of Mission Funding Epsilon; Mission Funding Epsilon through its wholly owned subsidiary, Edison Capital International (Bermuda) Ltd. owns a 14% interest in Electropaz. Iberdrola II Investimentos Ltda is the majority owner of Electropaz; Banco Santander Central Hispanoamericano S.A. owns a 10% interest; and Paz Holdings Ltd. owns a 32.9% interest. The voting securities of Paz Holdings Ltd, 30.42%, are held by Edison Capital International (Bermuda) Ltd., with 43.22% held by Andes Energy XII Ltd. and 26.36% held by GE Capital Services Structured Finance Group, Inc. Andes Energy XII is wholly-owned by AIG-GE Capital Latin American Infrastructure Fund L.P. in which Edison Capital Latin American Investments (Bermuda) Ltd. holds an indirect 7.89% interest. Edison Capital Latin American Investments (Bermuda) Ltd. is a wholly owned indirect subsidiary of Edison Capital. (c) Capital contributions were made by Edison Capital through its indirectly, wholly owned subsidiary Edison Capital International (Bermuda) Ltd., in the amount of $7.0 million. (d) Capitalization or total equity = $48,625,990 Net income after taxes for 2000 = $7,000,150 (e) There are no service, sales or construction contracts between Electropaz and any system company. 38 4.EC02 EMPRESA DE LUZ Y FUERZA ELECTRICA DE ORURO S.A. [FUCO] (a) Empresa de Luz y Fuerza Electrica de Oruro S.A. ("Elfeo"), Calle Junin No. 71, Casilla 53, Oruro, Boliva. Elfeo's facilities used for the generation, transmission, or distribution of electric energy for sale consist primarily of substations and distribution lines serving approximately 40,600 retail customers in the cities of Oruro and Huaruni. Elfeo does not own generation or transmission facilities. (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company; Edison Funding Company owns 100% of Mission Funding Epsilon; Mission Funding Epsilon through its wholly owned subsidiary, Edison Capital International (Bermuda) Ltd. owns a 14% interest in Elfeo. Iberdrola II Investimentos Ltda. is the majority owner of Elfeo with 60.52% interest, and Paz Holdings Ltd. owns a 32.9% interest. The voting securities of Paz Holdings Ltd., 30.42%, are held by Edison Capital International (Bermuda) Ltd., with 43.22% held by Andes Energy XII Ltd. and 26.36% held by GE Capital Services Structured Finance Group, Inc. Andes Energy XII is wholly-owned by AIG-GE Capital Latin American Infrastructure Fund L.P. in which Edison Capital Latin American Investments (Bermuda) Ltd. holds an indirect 7.89% interest. Edison Capital Latin American Investments (Bermuda) Ltd. is a wholly owned indirect subsidiary of Edison Capital. (c) Capital contributions were made by Edison Capital through its indirectly, wholly owned subsidiary Edison Capital International (Bermuda) Ltd, in the amount of $0.4 million. (d) Capitalization or total equity = $5,131,180 Net income after taxes for 2000 = $419,420 (e) There are no service, sales or construction contracts between Elfeo and any system company. 4.EC03 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. 39 (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 2000 = $981,605 (e) There are no contracts between EPZ and any system company. 4.EC04 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 Net income after taxes for 2000 = $2,212,318 40 (e) There are no contracts between EPZ and any system company. 4.EC05 LAKOTA RIDGE LLC [EWG] (a) Lakota Ridge, L.L.C. ("Lakota"), c/o Northern Alternative Energy, Inc., 333 Washington Avenue North, Suite 402, Minneapolis, MN 55401. Lakota is an 11.25 megawatt wind-driven electric generation facility (the "Facility") located on the Buffalo Ridge in southwestern Minnesota, consisting of 15 Micon M1800 750 kW wind turbines atop tubular-type towers. (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company. Edison Funding Company, through its wholly owned subsidiary, Mission Funding Zeta, owns a 75% interest in Lakota and Heller Financial, Inc. owns a 24.9% interest. Northern Alternative Energy owns 0.1% and is the manager of the Facility. (c) Edison Capital through its indirectly, wholly owned subsidiary, Mission Funding Zeta, made a capital contribution of $4,667,030. (d) Capitalization or total equity = $6,250,000 Net loss after taxes for 2000 = ($15,755) (e) There are no service, sales or construction contracts between Lakota and any system company. 4.EC06 SHAOKATAN HILLS LLC [EWG] (a) Shaokatan Hills L.L.C. ("Shaokatan"), c/o Northern Alternative Energy, Inc., 333 Washington Avenue North, Suite 402, Minneapolis, MN 55401. Shaokatan is a 11.9 megawatt wind-driven electric generation facility (the "Facility") located on the Buffalo Ridge in southwestern Minnesota, consisting of 18 Vestas V-44 660 kW wind turbines atop tubular type towers. (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company. Edison Funding Company, through its wholly owned subsidiary, Mission Funding Zeta, owns a 75% interest in Shaokatan and Heller Financial, Inc. owns a 24.9% interest. Northern Alternative Energy owns 0.1% interest and is the manager of the Facility. (c) Edison Capital through its indirectly, wholly owned subsidiary, Mission Funding Zeta, made a capital contribution of $5,161,500. (d) Capitalization or total equity = $6,882,000 Net income after taxes for 2000 = $50,606 (e) There are no service, sales or construction contracts between Shaokatan and any system company. 4.EC07 WOODSTOCK HILLS LLC [EWG] (a) Woodstock Hills L.L.C. ("Woodstock"), 191 W. 5th Street, Cottonwood, MN 56229. Woodstock is a 10.2 megawatt windpowered electric generation facility (the "Facility") located on the Buffalo Ridge in Southwestern Minnesota, consisting of 17 Vestas V-44 600 kW wind turbines atop tubular-type towers. 41 (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company. Edison Funding Company, through its wholly owned subsidiary, Mission Funding Zeta, owns a 75% interest in Woodstock and Heller Financial, Inc. owns a 24.9% interest. Woodstock owns a 0.1% interest and is the manager of the Facility. (c) Edison Capital through its indirectly, wholly owned subsidiary, Mission Funding Zeta, made a capital contribution of $4,200,000. (d) Capitalization or total equity = $5,600,000 Net loss after taxes for 2000 = ($331,933) (e) There are no service, sales or construction contracts between Woodstock and any system company. 4.EC08 STORM LAKE PARTNERS I LLC [EWG] (a) Storm Lake Power Partners I LLC ("Storm Lake"), 13000 Jameson Road, Tehachapi, CA 93561. Storm Lake is a 112.5 megawatt wind-driven electric generation facility (the "Facility") located on the Buffalo Ridge in northwestern Iowa, consisting of 150 Zond, Z-50 750 kW wind turbines atop lattice towers. (b) Edison International owns 100% of the Mission Group; The Mission Group owns 100% of Edison Capital; Edison Capital owns 100% of Edison Funding Company. Edison Funding Company, through its wholly owned subsidiary, Mission Iowa Wind Company, owns a 99% interest in Storm Lake and Enron Storm Lake I LLC owns 1.0% interest and operates the Facility. (c) Edison Capital through its indirectly, wholly owned subsidiary, Mission Iowa Wind Company, made a capital contribution of $92,500,000. (d) Capitalization or total equity = $93,434,000 Net loss after taxes for 2000 = ($4,785,000) (e) There are no service, sales or construction contracts between Storm Lake and any system company. EDISON MISSION ENERGY 4.EME01 AUBURNDALE POWER PARTNERS, L.P. [EWG] EDISON MISSION ENERGY SOLD ITS INTERESTS IN THIS EWG ON JUNE 30, 2000. (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 owned a 49% limited partnership interest in APP, and through its wholly owned subsidiary El Dorado Energy Company owned a 1% general partnership interest in APP, the exempt wholesale generator. These interests were sold on June 30, 2000, and APP will not appear in future U-3A-2 filings. 42 (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 = $0 Net income after taxes for six months of 2000 = $193,608 (e) Edison Mission Operation & Maintenance, Inc. ("EMOM") operated this facility through June 2000. EMOM received $386,657 in compensation as operator in 2000. 4.EME02 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] (a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY"), Flushing Avenue, Cumberland Street, Building 41, Brooklyn, NY 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 contributions made by Edison Mission Energy through its subsidiary Mission Energy New York, Inc., were 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. (d) Capitalization or total equity = ($27,704,852) Net loss after taxes for 2000 = ($3,947,311) (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.EME03 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, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Chickahominy River Energy Corp. in the amount of $14,020,000. (d) Capitalization or total equity = $12,017,757 Net income after taxes for 2000 = $2,459,838 43 (e) There are no contracts between CALP and any system company. 4.EME04 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 an 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 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) Capital contributions were made by Edison Mission Energy through its subsidiaries Madison in the amount of $25,237,450 and Rapidan in the amount 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 guarantee 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 = $30,031,420 Net income after taxes for 2000 = $4,431,965 (e) Edison Mission Operation & Maintenance, Inc. ("EMOM") operates this facility. EMOM received $716,028 in compensation as operator in 2000. 4.EME05 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 = $30,434,963 Net income after taxes for 2000 = $6,682,940 (e) Edison Mission Marketing & Trading Inc. ("EMMT"), 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 44 Agreement dated as of June 14, 1999, between Harbor Cogeneration Company and EMMT (the "Agreement") and Ancillary Services (as defined in the Agreement) to third parties. As of December 31, 2000, EMMT has received $0 in exchange for services provided to Harbor pursuant to the Agreement. 4.EME06 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 Holdings Co., through its wholly owned subsidiary Mission Energy Westside, Inc,owns a 1% general partnership interest in Homer City and through its wholly owned subsidiary 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 Holdings Co. in the amount of $1,067,096,000. Guarantees: Edison Mission Holdings Co. ("EM Holdings") closed a $1.1 billion financing and Edison Mission Energy closed a $700 million financing for the acquisition of the Homer City Electric Generation Station by Homer City, a partnership comprised of wholly-owned indirect subsidiaries of Edison Mission Energy. The EM Holding 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 bondholders, 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 two Debt Service Reserve Guarantees under which Edison Mission Energy agreed to guarantee the payment and performance of the obligations of EM Holdings in the amounts of approximately $35 million under the bond financing and $3 million under the bank financing. 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 = $951,892,901 Net income after taxes for 2000 = $32,558,167 (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, 2000, Edison Mission Energy Services, Inc. has received payment in the amount of $0 for services provided pursuant to the Agreement. 45 Edison Mission Financial Marketing & Trading Co.("EMFM&T"), now Edison Mission Marketing & Trading, Inc. as EMFM&T merged into Edison Mission Marketing & Trading, Inc. ("EMMT") on June 28, 2000, a wholly owned subsidiary of Edison Mission Energy, has entered into an NOx Allowance Sales Agreement with Homer City, wherein EMMT is to purchase from and/or sell to Homer City, NOx Allowances available to Homer City and as required for the use in the operation and maintenance of the Homer City facility. As of December 31, 2000, Homer City paid $1,200,000 to EMMT for NOx Allowances. EMMT, a wholly owned subsidiary of Edison Mission Energy entered into an Energy Sales Agreement with Homer City, wherein EMMT shall purchase Energy from Homer City (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, 2000, EMMT paid $344,000 to Homer City for energy provided pursuant to the Agreement. 4.EME07 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 9,539 MW of generating capacity ("Facilities") acquired from Commonwealth Edison Company and sells electric energy at wholesale. Facilities consist of: (a.1) 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 (a.2) 2,698 MW dual-fueled Collins Station in Morris, Illinois (a.3) 71 dual-fueled peaking units, totaling 1,195 MW, 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. ("Holdings") which owns 100% of Midwest, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Holdings 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: (c.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. ("EMMT"), a wholly owned subsidiary of Edison Mission Energy, via an Assignment Agreement, dated November 1, 1999, between EMMT, Commonwealth Edison Company and Northern Illinois Gas Company in connection with the asset sale. The Guaranty executed by Edison Mission Energy guarantees EMMT's performance of the Nicor Agreements. The Guaranty contains a 46 $10 million cap on Edison Mission Energy's liability. The Nicor Agreements were subsequently assigned by EMMT to Midwest via an Assignment Agreement, dated December 13, 1999, between EMMT and Midwest. Under the terms of the Guaranty, Edison Mission Energy remains liable for Midwest'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; 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. (c.2) Agency Agreement, dated as of December 15, 1999, between Commonwealth Edison Company, Holdings 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. (c.3) Guarantee, dated as of December 15, 1999 (the "Midwest Guarantee") by Midwest in favor of The Chase Manhattan Bank, as Administrative Agent under the Holdings Credit Agreement (as defined below). 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. (c.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). 47 (c.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) (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). (c.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). (c.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). (c.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. (c.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 (T2), dated as of December 15, 1999 between Collins Holdings and Midwest. (c.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), 48 (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. (c.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. (c.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. (c.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 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. (c.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 49 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. (c.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. (c.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. (c.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). Synthetic Lease On June 10, 2000, Midwest completed an approximate $300 million synthetic lease transaction of the "on-site" and "off-site" peaking units acquired from Commonwealth Edison Company in December, 1999. Together, the on-site peakers and off-site peakers transferred by Midwest consist of 70 combustion turbines and related equipment. The proceeds from the transaction were loaned by Midwest to Edison Mission Energy, and in exchange Edison Mission Energy issued Midwest an intercompany note in the same amount. Simultaneously, the 'lessor trust' leased the peaking units to Midwest, as Lessee, for an approximate five-year term. Edison Mission Energy, as guarantor, agreed to unconditionally guaranty Midwest's obligations under the Synthetic Lease except for Midwest's environmental obligations. 50 Leveraged Lease On August 24, 2000, Midwest entered into a sale-leaseback transaction with respect to the Powerton and Joliet power facilities to third party lessors. Under the terms of the leases (33.75 years for Powerton and 30 years for Joliet), Midwest will make semi-annual lease payments on each January 2 and July 2, beginning January 2, 2001. Recourse to Midwest under the leases is limited to amounts which would otherwise be distributable to Holdings. Edison Mission Energy guaranteed the payments under a Guarantee dated August 24, 2000. Midwest has loaned the aggregate proceeds from the sale of the facilities (Powerton and Joliet) to Edison Mission Energy, for which Edison Mission Energy executed promissory notes in favor of Midwest evidencing the indebtedness and promised to repay the principal amount in semi-annual installment (the "Intercompany Loan"). In consideration of the Intercompany Loan, Edison Mission Energy issued a guaranty in favor of each of the four owner trust by which Edison Mission Energy guarantees the payment by Midwest of all rent obligations under the leases. However, for as long as the Intercompany Loan is outstanding, Edison Mission Energy's obligations under the guarantees with respect to termination value may be limited to the difference between termination value and project fail market value of the facility if: (1) an event of default occurs under any lease, and (2) either the owner trust or the lease indenture trustee, as the case may be, (a) terminates the applicable lease and takes possession of the facilities, (b) sells its interest in the facilities at public or private sale, or (c) holds, keeps idle or leases to others its interest in the facilities, without first providing to Midwest and Edison Mission Energy a written demand for payment of termination value. Arising in connection with risk management activities Midwest engages in some energy trading and risk management transactions through EMMT, including purchases and sales of electricity, fuel, and emissions credits, and financial transactions for the purpose of hedging price risk on those commodities. Holdings has guaranteed the obligations of EMMT to various counterparties in connection with these transactions, and has also guaranteed some of Midwest's obligations with respect to gas purchase and transportation. (d) Capitalization or total equity = $2,508,019,423 Net income after taxes for 2000 = $15,360,183 (e) EMMT provides services to Midwest, including marketing, trading and selling of Energy pursuant to an Energy Sales Agreement, dated as of December 15, 1999. As of December 31, 2000, EMMT has received $1,443,000 in exchange for services provided to Midwest pursuant to the Agreement. Services Agreements Administrative services such as payroll, employee benefits programs and information technology, all performed by Edison International or Edison Mission Energy, are shared among all affiliates of Edison International, and the costs of these corporate support services are allocated to all affiliates, including Midwest. Costs are allocated based on one of the following formulas: percentage of time worked, equity in investment and advances, number of employees, or multi-factor, including operating revenues, operating expenses, total assets and number of employees. In addition, Midwest sometimes directly requests services of Edison International or Edison Mission Energy, and those services are performed for Midwest's benefit. Labor and expenses of these directly requested services are specifically identified and billed at cost. Midwest made 51 reimbursements for the costs of these programs and other services, which amounted to $149.4 million for the year ended December 31, 2000. Support Services Agreement Midwest entered into an agreement with Midwest Generation EME, LLC to provide support services, including construction and construction management, operations and maintenance management, technical services and training, environmental, health and safety services, administrative and IT support, and other managerial and technical services needed to operate and maintain electric power facilities. Under the terms of the agreement, Midwest reimburses Midwest Generation EME, LLC for actual costs incurred by functional area in providing support services, or in the case of specific tasks Midwest requests, the amount negotiated for the task. Actual costs billable under this agreement for the year ended December 31, 2000, were $8.3 million. Energy Purchase and Sales Agreement Midwest entered into an agreement with EMMT for the purchase and sale of energy. Under the terms of the agreement, EMMT pays Midwest for the actual price of energy contracted with third parties, less $.02/megawatt-hour. The amount paid or payable to EMMT under this agreement for the year ended December 31, 2000, was $0.7 million. Services Agreement (Natural Gas) Midwest entered into an agreement with EMMT to provide services related to purchasing, transportation and storage of natural gas. Under the terms of the agreement, Midwest pays EMMT a service fee of $0.02 for each MMBtu of natural gas delivered to Midwest, plus the actual cost of the gas. The amount billable under this agreement for the year ended December 31, 2000, was $0.8 million. Fuel Services Agreement Midwest entered into an agreement with Edison Mission Energy Services, Inc. to provide fuel and transportation services related to coal and fuel oil. Under the terms of the agreement, Midwest pays Edison Mission Energy Services, Inc. a service fee of $0.06 for each ton of coal delivered to Midwest and $0.05 for each barrel of fuel oil delivered to Midwest, plus the actual cost of the commodities. The amount billable under this agreement for the year ended December 31, 2000 was $1.0 million. 4.EME08 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] (a) Nevada Sun-Peak Limited Partnership ("Nevada Sun-Peak"), 200 South Virginia Street, Reno, NV 89501 Nevada Sun-Peak 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, the exempt wholesale generator. (c) Capital contributions were made by Edison Mission Energy through its subsidiary Quartz Peak Energy Company in the amount of $8,125,500. (d) Capitalization or total equity = $11,588,902 Net income after taxes for 2000 = $1,487,501 52 (e) There are no contracts between Nevada Sun-Peak and any system company. 4.EME09 ECOELECTRICA LP [FUCO] (a) EcoElectrica L.P. ("EcoElectric"), a Bermuda limited partnership ("EcoElectrica") Plaza Scotiabank, Suite 902, Avenida Ponce de Leon 273, Hato Rey, Puerto Rico 00918 EcoElectrica owns and operates a liquefied natural gas marine unloading facility, two 1,000,000-barrel LNG storage tanks, 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 owns and operates: 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. EcoElectrica became operational in March 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. MECI owns 100% of EcoElectrica S.a.r.l; EcoElectrica S.a.r.l. owns 100% of EME del Caribe Holding GmbH; EME del Caribe Holding GmbH owns 100% of EME del Caribe; EME del Caribe owns 50% of EcoElectrica Holdings, Ltd.; EcoElectrica Holdings, Ltd. owns 100% of EcoElectrica Ltd. and 99%LP of EcoElectrica; EcoElectrica Ltd. owns 1%GP of EcoElectrica, the foreign utility company. (c) Capital contributions were made by Edison Mission Energy through its subsidiary EcoElectrica S.a.r.l. in the amount of $256,376,254. On December 23, 1998, a wholly-owned indirect subsidiary of Edison Mission Energy, EME del Caribe, acquired a fifty-percent (50%) interest in EcoElectrica, which owns a 540 MW gas-fired cogeneration facility and a desalination plant and assorted facilities under construction in Penuelas, Puerto Rico. 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 (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, 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 53 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 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. Union Carbide Caribe Inc. ("UCCI") Guarantee - EcoElectrica entered into an Option to Purchase Agreement with 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. Dynegy Letter of Credit Guarantee - On April 17, 2000, Edison Mission Energy and Enron Corp. each, to the extent of 50%, guaranteed the obligations of EcoElectrica (the "Guaranty") under an Application and Agreement for Standby Letter of Credit dated June 30, 1999, between EcoElectrica and Bank of America, N.A., in an amount not to exceed $5,500,000 (the "Letter of Credit"). The Letter of Credit was issued in favor of Dynegy Global Liquids, Inc. to guarantee EcoElectrica's obligations under the Propane Purchase Contract between EcoElectrica and Dynegy Global Liquids, Inc., dated March 21, 1999. Edison Mission Energy's obligation under the Guaranty is limited to $2,750,000 together with 50% of other amounts due under the Letter of Credit, including interest, indemnities and reasonable costs. On August 31, 2000, the Letter of Credit was retired and Edison Mission Energy's obligations under the Guaranty were terminated. (d) Capitalization or total equity = $30,003,000 Net loss after taxes for 2000 = ($2,592,500) (e) Assignment and Assumption Agreement: On October 31, 1997, KES Bermuda, Inc. and EcoElectrica entered into that certain Administrative Services Agreement pursuant to which KES Bermuda, Inc. receives a fee, plus expense reimbursement in return for providing advisory services to EcoElectrica. As of 54 December 23, 1998, KES Bermuda, Inc. assigned its rights, title and interests under said agreement to EME del Caribe. As of December 31, 2000, EME del Caribe has received $530,553 for providing services to EcoElectrica. 4.EME10 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.("EME Taupo"), an indirect, wholly owned subsidiary of Edison Mission Energy 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 2,449 MW. Contact also supplies gas and electricity to customers in New Zealand and has a minority interest in a power project in Australia. The acquisition was conditioned on the New Zealand government completing an initial public offering of the remaining 60% of Contact, which occurred in mid-May 1999. In December 2000, EME Taupo transferred its 40% interest in Contact to EME Pacific Holdings ("Pacific"), an indirect, wholly owned subsidiary of Edison Mission Energy as part of a global restructuring of Edison Mission Energy's investment in Contact (the "Transfer"). In connection with the Transfer, Edison Mission Energy entered into a further Deed of Covenant in favor of the institutional subscriber of $160 million of the preferred stock issued by EME Taupo in May 1999. This further Deed of Covenant requires Edison Misson Energy to compensate the institutional preferred stock subscriber in the event that a private binding ruling issued to it by the New Zealand Inland Revenue Department ceases to apply as a direct result of the Transfer. The amount of any compensation that may become payable by Edison Mission Energy under the further Deed of Covenant is limited to that necessary to keep the preferred stock subscriber in the same position that it would have been in had the private binding ruling continued to apply. Also in December 2000, Edison Mission Energy's ownership increased a total of 2.26% due to (i) Contact's buyback of shares from the open market and (ii) an additional purchase of shares by Pacific. (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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. MECI owns 100% of EME Atlantic Holdings Limited, which owns 100% of EME Ascot Limited, which owns 100% of EME Buckingham Limited, which owns 100% of EME Precision B.V., which owns 100% of EME Universal Holdings, which owns 100% of EME Pacific Holdings, which owns 42.26% 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 $296,519,856. 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 guarantee 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. 55 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 ultimate shareholder (Edison International) under the General Corporation Law of the State of California (approximately $278 million as of June 30, 1999). In connection with the acquisition of Contact, in May 1999, EME Taupo issued NZ$400 million of preferred stock. Edison Mission Energy entered into three Deeds of Covenant. The first Deed of Covenant (Facility Agreement) is in favor of Edison Contacts Investments Limited ("ECI"), a special purpose company through which Credit Suisse First Boston and other financiers have provided financial accommodation to EME Taupo) as a lender and requires Edison Mission Energy to provide funds (A) of up to NZ$13 million annually if required to ensure EME Taupo's payment obligations to ECI are met in respect of interest and dividends and (B) to ensure that EME Taupo satisfies certain financial ratios. The second and third Deeds of Covenant (Subscription Agreement) require Edison Mission Energy to provide funds to the Preferred Stock Subscribers to compensate for any shortfall in attaching tax imputation credits to the dividends on the preferred stock. EME Taupo has obligations to put up cash or other security, such as a Letter of Credit, if the 15-day average of the closing share price of Contact falls below NZ$2.55 million on any date from May 14, 2000, to June 30, 2003. Although this is not an obligation of Edison Mission Energy, Edison Mission Energy will provide EME Taupo with sufficient funds or credit support to meet this obligation, if required. The amount of this obligation will not exceed approximately US$15 million. In December 2000, EME Taupo transferred its 40% interest in Contact to EME Pacific Holdings, an indirect, wholly-owned subsidiary of Edison Mission Energy as part of a global restructuring of Edison Mission Energy's investment in Contact (the "Transfer"). In connection with the Transfer, Edison Mission Energy entered into a further Deed of Covenant in favour of the institutional subscriber of $160 million of the preferred stock issued by EME Taupo in May 1999. This further Deed of Covenant requires Edison Mission Energy to compensate the institutional preferred stock subscriber in the event that a private binding ruling issued to it by the New Zealand Inland Revenue Department ceases to apply as a direct result of the Transfer. The amount of any compensation that may become payable by Edison Mission Energy under the further Deed of Covenant is limited to that necessary to keep the preferred stock subscriber in the same position that it would have been in had the private binding ruling continued to apply. (d) Capitalization or total equity = $295,677,924 Net income after taxes for 2000 = $15,004,074 (e) There are no service, sales or construction agreements between Contact and any system company. 56 4.EME11 PERTH POWER PARTNERSHIP [FUCO] - SUCCESSOR OF INTEREST TO KWINANA POWER PARTNERSHIP ("KPP") (a) Perth Power Partnership ("PPP") (formerly Kwinana Power Partnership), James Court, Kwinana Beach 6167, Western Australia. PPP'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 PPP's wholesale purchaser, Western Power Corporation. KPP commenced operation in December 1996. On August 11, 2000, KPP sold 30% of the facilities and obligations related to the facilities to SembCorp Energy (Kwinana) Pte Ltd. (SembCorp). KPP and SembCorp simultaneously formed PPP, a partnership to directly own the facilities. SembCorp owns a 30% partnership interest in PPP, and KPP owns a 70% partnership interest. The partners of KPP continue to be MEC Perth B.V. (99%) and Mission Energy (Kwinana) Pty Ltd. (1%). (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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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, which owns 70% of PPP, 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, which owns 70% of PPP, the foreign utility company. (c) The only outstanding guarantee by Edison Mission Energy or a subsidiary in relation to PPP is the Guarantee and Indemnity dated March 21, 1995, between KPP and Edison Mission Operation & Maintenance, Inc. ("MOMI Guarantee") (assigned to PPP on August 11, 2000). The MOMI Guarantee is given to Edison Mission Operation & Maintenance, Inc. to guarantee the operations of Edison Mission Operations (Kwinana) Pty Ltd under the Kwinana Operation and Maintenance Agreement dated March 21, 1995. (d) Capitalization or total equity = $12,715,744 Net income after taxes for 2000 = $9,539,057 (e) The Administrative Support Agreement dated March 21, 1995, between Edison Mission Energy Holdings Pty Ltd and KPP (assigned to PPP pursuant to Assumption Deed dated August 8, 2000). Under the Administrative Support Agreement, Edison Mission Energy Holdings Pty Ltd agrees to provide personnel and administrative support, (e.g., accounting, banking and tax, business promotion) to KPP to assist KPP in fulfilling its obligations under the Syndicated Project Facility Agreement dated March 21, 1995. The Operation and Maintenance Agreement ("OMA") between Mission Operations (Kwinana) Pty Limited and KPP dated March 21, 1995 (amended and restated pursuant to Deed of Amendment and Restatement dated August 7, 2000, and assigned to PPP on August 11, 2000.) The OMA appoints an indirect, wholly owned subsidiary of MECI, Edison Mission Operation & Maintenance Kwinana Pty Ltd ("EMOK") to operate and maintain the Kwinana cogeneration plant and equipment. EMOK received $331,683 in compensation as operator in 2000. 57 Under the Professional and Administrative Services Agreement ("PASA") between EMOK and Edison Mission Energy Holdings Pty Ltd. ("EMEH") dated March 17, 1995, EMEH agrees to provide professional and administrative services (e.g., accounting, banking and tax, business promotion) and staff to EMOK to assist EMOK in fulfilling its obligations under the OMA. EMEH received $0 in compensation under the PASA in 2000. Under the Technical Support Agreement ("TSA") between Edison Mission Operation and Maintenance, Inc ("EMOMI") and Edison Mission Operation & Maintenance Pty Ltd dated March 17, 1995, EMOMI provides technical support, (i.e., personnel and knowledge) to EMOK to enable EMOK to comply with its obligations under the OMA. EMOMI received $0 in compensation under the TSA in 2000. 4.EME12 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 nameplate 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 a 51% interest. LPP is 1% owned by Edison Mission Energy Australia Ltd. (the managing general partner) and 99% owned by Mission Victoria Partnership (a general partner). Edison Mission Energy Australia Ltd. is wholly owned by Edison Mission Energy Holdings Pty Ltd, which is wholly owned by Loy Yang Holdings Pty Ltd, which is a wholly owned subsidiary of MEC International B.V. 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 LYBJV. Gippsland is 100% owned by Mission Energy Development Australia Pty Ltd., which is 100% owned by EME Victoria Generation Ltd., which is 100% owned by EME Generation Holdings Ltd., which is 100% owned by Mission Hydro Limited Partnership, which is 69% owned by MEC Wales BV, 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 58 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 = $78,412,225 (d) LPP's and Gippsland's Equity = $77,744,929 LPP's and Gippsland's Net Income after taxes for 2000 = $30,781,680 (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.EME13 P. T. PAITON ENERGY [FUCO] (a) P. T. Paiton Energy ("Paiton"), Jl. Raya Surabaya Situbondo KM 141, Paiton 67291, Probolinggo, East Java, Indonesia Paiton's facilities consist of two coal-fired electric generating units in Paiton, Indonesia, on the northeast Java coast, both of which achieved commercial operation during 1999. Each unit has a nominal net design capacity of 605 MW 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 its subsidiary MEC Indonesia B.V. 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 59 Mission Energy and the Mission Affiliates' obligations are $320,008,000 (as of December 31, 2000, these obligations have been fully funded) for base equity, $82,355,000 for overrun equity (as of December 31, 2000, this obligation has been fully funded) and $58,825,000 for contingent overrun equity (as of December 31, 2000, $19,302,081 of this obligation has been funded). The total Edison Mission Energy/Mission Affiliates' commitment is $461,200,000. (c.1) 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. (c.2) 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.3) 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 and carry an interest rate of LIBOR plus 2.25% for a term of 20 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 = $343,398,519 Net income after taxes for 2000 = $46,113,898 (e) Edison Mission Energy Asia Pte Ltd., a wholly owned subsidiary of MEC International B.V., has 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 ("PTEMO&M"), another indirect subsidiary of Edison Mission Energy. PTEMO&M has received $6,080,055 net income after taxes in 2000. 4.EME14 TRI ENERGY COMPANY LIMITED [FUCO] (a) Tri Energy Company Limited ("Tri Energy"), 16th Floor, Grand Amarin Tower, New Petchburi Road, Ratchathewi, Bangkok 10320 Thailand Tri Energy's facilities consist of a 700 MW 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 became operational on June 30, 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 $23,289,420. (d) Capitalization or total equity = $23,457,686 Net income after taxes for 2000 = $168,266 60 (e) Edison Mission Energy Asia Pacific Pte Ltd. ("EME Asia") and Tri Energy 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 Tri Energy for a fixed annual fee of 6,000,000 Baht [US Dollars]. 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, 2000, EME Asia has received payment of $82,234. 4.EME15 DERWENT COGENERATION LIMITED [FUCO] (a) Derwent Cogeneration Limited ("Derwent"), Lansdowne House, Berkeley Square, London W1X 5DH 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. MECI owns 100% of Mission Energy Company (UK) Limited which owns 33% of Derwent, the foreign utility company. (c) Total capital contribution = $2,538,658 (d) Capitalization or total equity = $3,481,091 Net income after taxes for 2000 = $1,997,196 (e) Mission Energy Services Limited ("MESL") provided construction management services to Derwent throughout the construction phase of the project and is now the operator of the facility. MESL is to receive a fee of $3,266,808 per year for operation and maintenance services as well as reimbursement from Derwent for expenditures incurred for operation and maintenance services. 4.EME16 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 2,088 MW. 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 FHC; (ii) wholly owned Mission Energy Holdings International, Inc. directly owns 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co.; MECI 61 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 99.97% of MEC International B.V. (see above for remaining 0.03%), 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 the foreign utility company. (c) First Hydro Finance plc ("FHF"), an 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) $50.4 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 pounds sterling (U.S. $19.4 million) 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 = $226,155,621 Net income after taxes for 2000 = $93,444,837 (e) There are no contracts between FHC and any system company. 4.EME17 EDISON FIRST POWER LIMITED [FUCO] (a) Edison First Power Limited ("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 and Fiddler's Ferry, a coal fired electric generating plant with a generating capacity of approximately 2,000 MW located in Warrington. (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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 owns 100% of EFPL, the foreign utility company. 62 (c) Capital contributions were made by Edison Mission Energy through its subsidiary Global Generation, B.V., in the amount of $924,743,903. Guarantees: On April 30, 1999, EFPL executed two Sale and Lease Agreements with PowerGen UK plc, an English corporation ("PowerGen") for the acquisition of each of Ferrybridge and 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: (c.1) 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 emissions from Ferrybridge and Fiddler's Ferry. The Environmental Authority issued its determination regarding emissions in January 2000. As a result there is no upward adjustment to the purchase price, this obligation will cease and EME will have no further obligation hereunder. (c.2) Coal and Capex Facility Guarantee - Edison Mission Energy has guaranteed to Barclays Bank PLC the obligations of EME Finance UK Limited ("EME Finance"), an indirect 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: (c.3.1) 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 (c.3.2) 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. (c.4) 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 = $926,733,606 Net income after taxes for 2000 = $26,027,459 (e) EFPL and Edison Mission Marketing and 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, 2000, EMMS has charged EFPL $2,032,173 for services provided to EFPL 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, 2000, EMMS has charged EFPL $484,105 for services provided to EFPL under the Agreement. 63 4.EME18 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 Edison Mission Energy through its subsidiary Iberian Hy-Power Amsterdam B.V. was $2,451,818. 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. Compagne Generale des Eaux 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 Vivendi for 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 guarantee 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 guarantee by Edison Mission Energy provides for no rights of acceleration by Vivendi under any circumstances. At December 31, 2000, the present value of the deferred payments will amount to $25.2 million ($31.9 million face value discounted at 11.5%). 64 (d) Capitalization or total equity = $32,382,275 Net income after taxes for 2000 = $3,198,502 (e) There are no contracts between Iberica and any system company. 4.EME19 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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%; 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 $4,870,451. (d) Capitalization or total equity = $5,264,018 Net income after taxes for 2000 = $19,703 (e) There are no contracts between EMESA and any system company. 4.EME20 LAKELAND POWER LTD. [FUCO] (a) Lakeland Power Ltd. ("Lakeland"), 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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 Edison Mission Energy through its subsidiary Pride Hold Limited was $6,021,299. (d) Capitalization or total equity = $5,323,980 65 Net income after taxes for 2000 = $15,972,482 (e) There are no contracts between Lakeland and any system company. 4.EME21 ISAB ENERGY, s.r.l. [FUCO] (a) ISAB Energy, s.r.l. ("ISAB"), Corso Gelone No. 103, Siracusa, Sicily, Italy ISAB's facilities consist of a 512 MW integrated gasification and combined cycle power plant, located in Priolo Gargallo, 8 kilometers from Siracusa, Sicily. ISAB became operational in April 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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. 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, 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. ("EMOMI") pursuant to a guarantee (the "EMOMI Guarantee") has guaranteed (for the benefit of ISAB and the banks financing the construction of the ISAB power plant) ISAB'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 EMOMI under the EMOMI Guarantee is capped at the mobilization fee 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 = $570,111 Net loss after taxes for 2000 = ($13,958,879) (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 2000. Mission Energy Italia s.r.l. ("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 $589,632 as of December 31, 2000. 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 66 provide interpretation of existing contracts. During 2000, EMEL has received $214,124 under this Sponsor Support Agreement. 4.EME22 ITALIAN VENTO POWER CORPORATION 4 S.R.L. [FUCO] (a) Italian Vento Power Corporation 4 S.r.l. ("IVPC"), Via Circumvallazione, 54/h, 83100 Avellino, Italy IVPC is developing 280.7 MW of wind-generated capacity in rural Italy in eleven projects, consisting of clusters of 660 kW and 600kW turbines and associated equipment in the following comunes (townships): (1) 47 turbines totaling 30 MW in Andretta and Bisaccia; (2) 60 turbines totaling 39.6 MW in Lacedonia and Monteverde; (3) 41 turbines totaling 27.06 MW in Monacilioni, Pielracatella, and Sant Elia; (4) 60 turbines totaling 39.6 MW in Forenza and Maschito; (5) 25 turbines totaling 15 MW in Volturara and Motta Moniecorvino; (6) 30 turbines totaling 18 MW in Roselo; (7) 47 turbines totaling 30.3 MW in Celle San Vito, Greci and Montaguto; (8) 30 turbines totaling 19.8 MW in Panni; (9) 45 turbines totaling 29.7 MW in Bortigiadas, Aggius and Vidalba; (10) 34 turbines totaling 22.44 MW in Avigliano; and (11) 14 turbines totaling 9.24 MW in Roseto. The projects include transmission lines connecting the generating facilities to the grid, ranging in length from less than 100 meters to a maximum of 9 kilometers. IVPC is also constructing, but will not own, substations associated with the projects. IVPC also owns and is currently operating a 2.4 MW project in Rocca San Felice consisting of four 600 kW turbines and associated equipment. (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 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. MECI owns 100% of Edison Mission Wind Power Italy B.V. (formerly IVPC Energy 5 B.V.) ("EMWP"), which owns 50% of IVPC, the foreign utility company. (c) The capital contribution made by Edison Mission Energy through Edison Mission Wind Power was $44,002,088. Under the terms of the Intercreditor Agreement dated March 3, 2000, to which EMWP is a party, any Junior Debt, which is widely defined as, essentially, any liability owed by IVPC to EMWP, is subordinated to the obligations of IVPC to the banks party thereto, in a manner in which any amount received or otherwise receivable by EMWP from IVPC may be applied against IVPC's debts to such banks, save for certain excepted payments specified therein, referred to as Permitted Distributions. Under the terms of the Project Finance Facilities Syndicated Credit Agreement dated September 7, 2000, to which IVPC, but not EMWP, is a party, there are restrictions imposed upon IVPC on amounts that IVPC may distribute or otherwise pay to EMWP and in certain circumstances amounts otherwise so distributable or payable may be applied against the amounts outstanding under that agreement from IVPC to the banks lending thereunder. EMWP has also pledged its shares to the lenders under the Facilities Agreement referred to above and other financial institutions as security for IVPC's obligations. (c.1) (a) on March 3, 2000, EMWP and IVPC entered into a "Subordinated Loan Agreement" according to which EMWP has undertaken to finance IVPC by way of subordinated loans in the amounts set forth therein; and (b) according to the "Development Permits for Stages A and B" letter dated March 15, 2000, MECI has undertaken toward UPC International Partnership CV II, inter alia, the 67 obligation to procure that EMWP extends a loan to IVPC for up to 50% of the equity contribution required to be contributed to IVPC with respect to such Stage under the Senior Loan, in the event that any Permit for Stages A and B has not been issued. (d) Capitalization or total equity = $2,019,131 Net income after taxes for 2000 = $211,234 (e) There are no services contracts between IVPC and any system company. 4.EME23 DOGA ENERJI URETIM SANAYI VE TICARET L.S. [FUCO] (a) Doga Enerji Uretim Sanayi ve Ticaret L.S. ("Doga"), Merkez Mahallesi, Birlik Caddesi 11/8, Esenyurt, Istanbul, Turkey Doga's facility used for the generation, transmission, or distribution of electric energy for sale consists of a 180 MW combined cycle turbine cogeneration plant in Istanbul, Turkey. Doga became operational in 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 Mission Energy Holdings International, Inc. Mission Energy Holdings International, Inc. directly owns 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. MECI owns 99% of MEC Esenyurt B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Esenyurt B.V.; MEC Esenyurt B.V. owns 80% of Doga, the foreign utility company. (c) In connection with the financing of Doga, Edison Mission Operation & Maintenance, Inc. ("EMOMI"), pursuant to a guarantee ("EMOMI Guarantee"), has guaranteed (for the benefit of Doga and the Banks) the financial obligations of Doga Isletme ve Bakim Ticaret L.S. (as operator) to Doga under the Operation and Maintenance Agreement for the operation and maintenance of the power plant. The maximum amount payable by EMOMI under the EMOMI Guarantee is capped at the base fee paid in any given year (no more than $1 million per year.) The capital contribution made by Edison Mission Energy through MEC Esenyurt B.V. was $34,849,343. (d) Capitalization or total equity = $55,979,216 Net income after taxes for 2000 = $8,914,370 (e) There are no contracts between Doga and any system company. 68 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. Consolidating statements of income and surplus for the year ended December 31, 2000, and consolidating balance sheets as of December 31, 2000, for the claimant and its subsidiary companies. EXHIBIT B 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 20th day of April, 2001. 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) 69 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 - 44% (359,964) ---------------- Owned by SCE - 56% 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
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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 31,200 ----------------- ---------------- TOTAL PLANT 88,350 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
71
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 1,014,900 ================ 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
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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
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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 1,172,535 ================ TOTAL SCE OWNED RESOURCES (MAIN SYSTEM) 5,230,883 ================ 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 ================
74 EXHIBIT A CONSOLIDATING STATEMENTS OF INCOME AND SURPLUS CONSOLIDATING BALANCE SHEETS
Attached hereto as Exhibit A are the following financial statements dated as of December 31, 2000, 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 87-98 Southern California Edison Company and Subsidiaries 99-111 Southern California Edison Company and Subsidiaries Equity Investments 112 Edison Ventures and Subsidiaries 113-118 The Mission Group and Subsidiaries 119-130 Edison Technology Solutions and Subsidiaries 131-136 Edison Technology Solutions and Subsidiaries Equity Investments 137 Edison Enterprises and Subsidiaries 138-143 Edison Source and Subsidiaries 144-149 Edison Select and Subsidiaries 150-158 - -------------------------------Part 3------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (ASSETS) 159-190 - -------------------------------Part 4------------------------------ Edison Capital and Subsidiaries Consolidating Balance Sheet (LIABILITIES) 191-222 - -------------------------------Part 5------------------------------ Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings 223-254 - -------------------------------Part 6a----------------------------- Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships (A-L) 255-320 - -------------------------------Part 6b----------------------------- Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships (M-Z) 321-402 - -------------------------------Part 7------------------------------ Mission Land Company and Subsidiaries 403-417 Mission Power Engineering Company and Subsidiaries 418-423 - -------------------------------Part 8------------------------------ Edison Mission Energy and Subsidiaries Consolidating Balance Sheet 424-489
75
PAGES ----- - -------------------------------Part 9------------------------------ Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings 490-522 Edison Mission Energy and Subsidiaries Equity Investments 523-540 Edison Mission Energy Fuel and Subsidiaries 541-549 Edison Mission Global Management, Inc. and Subsidiaries 550-555 Edison Mission Holdings Co. and Subsidiaries 556-564 EME Eastern Holdings Co. and Subsidiaries 565-570 Hanover Energy Company and Subsidiaries 571-576 Midwest Generation EME, LLC and Subsidiaries 577-585 Mission Energy Holdings International, Inc. and Subsidiaries 586-594 Mission Del Cielo, Inc. and Subsidiaries 595-600 - -------------------------------Part 10------------------------------ MEC International B.V. and Subsidiaries 601-648 MECI, Edison Mission Energy Asia Pte Ltd and Subsidiaries 649-657 MECI, Edison Mission Millennium B.V. and Subsidiaries 658-663 MECI, Edison Mission Operation & Maintenance Services B.V. and Subsidiaries 664-669 MECI, EME Atlantic Holdings Limited and Subsidiaries 670-678 MECI, Global Generation B.V. and Subsidiaries 679-684 MECI, GGBV, Edison First Power Holdings I and Subsidiaries 685-693 MECI, GGBV, EFPHI, South Australian Holdings Ltd. and Subsidiaries 694-699 MECI, GGBV, EFPHI, SAHL, EME International Dragon Limited and Subsidiaries 700-705 MECI, GGBV, EFPHI, SAHL, EIDL, EME Monet Ltd. and Subsidiaries 706-711 MECI, GGBV, EFPHI, Maplekey Holdings Limited and Subsidiaries 712-717 - -------------------------------Part 11------------------------------ MECI, Hydro Energy B.V. and Subsidiaries 718-723 MECI, Iberian Hy-Power Amsterdam B.V. and Subsidiaries 724-732 MECI, Iberian, Hydro Energy B.V. and Subsidiaries 733-738 MECI, Iberian, Iberica de Energias, S.A. and Subsidiaries 739-744 MECI, Latrobe Power Pty Ltd and Subsidiaries 745-750 MECI, Loy Yang Holdings Pty Ltd and Subsidiaries 751-759 MECI, Loy Yang, Edison Mission Energy Holdings Pty Ltd and Subsidiaries 760-771 MECI, Loy Yang, Latrobe Power Pty Ltd and Subsidiaries 772-777 MECI, Loy Yang, Mission Energy Ventures Australia Pty Ltd and Subsidiaries 778-783 MECI, Loy Yang, Traralgon Power Pty. Ltd. and Subsidiaries 784-789 MECI, MEC Esenyurt B.V. and Subsidiaries 790-795 - -------------------------------Part 12------------------------------ MECI, MEC International Holdings B.V. and Subsidiaries 796-816 MECI, MECI Esenyurt and Subsidiaries 817-822 MECI, MECI Holdings, MEC San Pascual B.V. and Subsidiaries 823-828 MECI, MECI Holdings, MEC Wales B.V. and Subsidiaries 829-834 MECI, MECI Holdings, MEC Wales, Mission Hydro Limited Partnership and Subsidiaries 835-840 MECI, MECI Holdings, MEC Wales, MHLP, EME Generation Holdings Limited and Subsidiaries 841-858
76
PAGES - -------------------------------Part 13------------------------------ ----- MECI, MEC San Pascual B.V. and Subsidiaries 859-864 MECI, MEC Wales B.V. and Subsidiaries 865-870 MECI, MEC Wales, Mission Hydro Limited Partnership and Subsidiaries 871-876 MECI, MEC Wales, MHLP, EME Generation Holdings Limited and Subsidiaries 877-894 - -------------------------------Part 14------------------------------ MECI, Mission Energy Company (U.K.) Limited and Subsidiaries 895-903 MECI, MEC(UK), Mission Hydro (UK) Limited and Subsidiaries 904-909 MECI, MEC(UK), MH(UK), First Hydro Holdings Co. and Subsidiaries 910-915 MECI, MEC(UK), MH(UK), Mission Hydro Limited Partnership and Subsidiaries 916-921 MECI, MEC(UK), MH(UK), MHLP, EME Generation Holdings Limited and Subsidiaries 922-939 MECI, MEC(UK), Pride Hold Limited and Subsidiaries 940-945 MECI, Pride Hold Limited and Subsidiaries 946-951 MECI, EcoElectrica S.a.r.l. and Subsidiaries 952-960 MECI, Traralgon Power Pty. Ltd. and Subsidiaries 961-966 MEC International B.V. and Subsidiaries Equity Investments 967-969
77 EXHIBIT B EXEMPT WHOLESALE GENERATORS [EWGs] AND FOREIGN UTILITY COMPANIES [FUCOs] EDISON CAPITAL 4.EC01 ELECTRICIDAD DE LA PAZ S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Edison Capital International (Bermuda) Ltd. 06 Edison Capital Latin American Investments (Bermuda) Ltd. 07 AIG-GE Capital Latin American Infra- structure Fund LP 08 Andes Energy XII Ltd. 09 Paz Holdings Ltd. 10 Electricidad de La Paz S.A. 4.EC02 EMPRESA DE LUZ Y FUERZA ELECTRICA DE ORURO S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Epsilon 05 Edison Capital International (Bermuda) Ltd. 06 Edison Capital Latin American Investments (Bermuda) Ltd. 07 AIG-GE Capital Latin American Infra- structure Fund LP 08 Andes Energy XII Ltd. 09 Paz Holdings Ltd. 10 Empresa de Luz y Fuerza Electrica de Oruro S.A. 4.EC03 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.EC04 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.EC05 LAKOTA RIDGE LLC [EWG] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 78 04 Mission Funding Zeta 05 Lakota Ridge LLC 75% 4.EC06 SHAOKATAN HILLS LLC [EWG] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Zeta 05 Shaokatan Hills LLC 75% 4.EC07 WOODSTOCK HILLS LLC [EWG] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Funding Zeta 05 Woodstock Hills LLC 75% 4.EC08 STORM LAKE PARTNERS I LLC [EWG] 00 Edison International 01 The Mission Group 02 Edison Capital 03 Edison Funding Company 04 Mission Iowa Wind Company 05 Storm Lake Partners I LLC 99% EDISON MISSION ENERGY 4.EME01 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.EME02 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.EME03 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%) 79 4.EME04 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.EME05 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.EME06 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.EME07 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.EME08 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Quartz Peak Energy Company 04 Nevada Sun-Peak Limited Partnership (50%) 4.EME09 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% 80 09 EcoElectrica Ltd. 10 Ecoelectrica LP (1%) - --- 09 Ecoelectrica LP (99%) 4.EME10 CONTACT ENERGY LIMITED [EWG] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc.* 04 MEC International B.V. 05 EME Atlantic Holdings Limited 06 EME Buckingham Limited 07 EME Precision B.V. 08 EME Universal Holdings 09 EME Pacific Holdings 10 Contact Energy Limited (42.26%) 4.EME11 PERTH 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%) 07 Perth Power Partnership (70%) - --- 05 MEC International Holdings B.V. 06 MEC Perth B.V. (1%) 07 Kwinana Power Partnership (99%) 08 Perth Power Partnership (70%) 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 (1%) 09 Perth Power Partnership (70%) 4.EME12 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%) - --- 81 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%) - --- 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%) 82 4.EME13 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.EME14 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.EME15 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.EME16 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 83 08M First Hydro Holdings Company (99%) 09M First Hydro Finance plc 10M First Hydro Company (1%) - --- 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.EME17 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 4.EME18 IBERICA DE ENERGIAS, S.A. [FUCO] 00 Edison International 01 The Mission Group 02 Edison Mission Energy 03 Mission Energy Holdings International, Inc.* 84 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.EME19 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.EME20 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 4.EME21 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%) - --- 85 5 MEC International Holdings B.V. 06 MEC Priolo B.V. (1%) 07 ISAB Energy, s.r.l. (49%) 4.EME22 ITALIAN VENTO POWER CORPORATION 4 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 Edison Mission Wind Power Italy B.V. 06 Italian Vento Power Corporation 4 S.r.l. (50%) 4.EME23 DOGA ENERJI URETIM SANAYI VE TICARET L.S. [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 Esenyurt B.V. (99%) 06 Doya Enerji Uretim Sanayi ve Ticaret L.S. (80%) - --- 05 MEC International Holdings B.V. 06 MEC Esenyurt B.V. (1%) 07 Doya Enerji Uretim Sanayi ve Ticaret Anonim Sirketi (80%) * Mission Energy Holdings International, Inc. directly owns 99.97% (100% of the Class A shares) of MEC International B.V. ("MECI") and indirectly owns 0.02% of MECI through its wholly owned subsidiaries EME UK International LLC, which owns 0.01% or 100% of the Class B shares of MECI, and EME Southwest Power Corporation, which owns 0.01 or 100% of the Class C shares of MECI; Edison Mission Energy owns 0.01% (100% of the Class D shares) of MECI through its wholly owned subsidiary Edison Mission Project Co. Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $583,159 $1,134,676 - Receivables - net 919,045 1,067,556 $5 Accrued unbilled revenue 376,873 - - Fuel inventory 11,720 207,791 - Materials and supplies, at average cost 131,651 78,499 - Accumulated deferred income taxes - net 544,561 - 3 Trading and price risk management assets - 251,524 - Prepayments and other current assets 124,736 55,382 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,691,745 2,795,428 8 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 102,223 9,980,230 - Nuclear decommissioning trusts 2,504,990 - - Investments in partnerships and unconsolidated subsidiaries - 2,700,151 - Investments in leveraged leases - 2,345,301 - Other investments 89,570 - 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,696,783 15,025,682 2,406 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution 13,128,755 - - Generation 1,745,505 - - Accumulated provision for depreciation and decommissioning (7,834,201) - - Construction work in progress 635,572 - - Nuclear fuel, at amortized cost 143,082 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant 7,818,713 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net 2,390,124 - - Other deferred charges 368,731 1,279,838 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,758,855 1,279,838 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $15,966,096 $19,100,948 $2,414 =============================================================== ==================== ==================== ====================
87 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $248 - $255,323 Receivables - net 480 $9 106,744 Accrued unbilled revenue - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 5,653 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 728 9 367,720 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,445 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 5,104,106 Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 5,105,551 - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 15,769 - 3,888 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 15,769 - 3,888 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $16,497 $9 $5,477,159 =============================================================== ==================== ==================== ====================
88 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
EIX Trust I EIX Trust II EIX Trust III - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $3,383 $2,401 - Accrued unbilled revenue - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,383 2,401 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments 515,464 335,052 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $518,847 $337,453 - =============================================================== ==================== ==================== ====================
89 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1,973,406 - Receivables - net ($1,000,406) 1,099,217 - Accrued unbilled revenue - 376,873 - Fuel inventory - 219,511 - Materials and supplies, at average cost - 210,150 - Accumulated deferred income taxes - net 805,481 1,350,045 - Trading and price risk management assets - 251,524 - Prepayments and other current assets - 185,771 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (194,925) 5,666,497 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 10,083,898 - Nuclear decommissioning trusts - 2,504,990 - Investments in partnerships and unconsolidated subsidiaries (5,104,106) 2,700,151 - Investments in leveraged leases - 2,345,301 - Other investments (850,516) 91,976 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (5,954,622) 17,726,316 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution - 13,128,755 - Generation - 1,745,505 - Accumulated provision for depreciation and decommissioning - (7,834,201) - Construction work in progress - 635,572 - Nuclear fuel, at amortized cost - 143,082 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant - 7,818,713 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - 2,390,124 - Other deferred charges (169,557) 1,498,669 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (169,557) 3,888,793 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($6,319,104) $35,100,319 - =============================================================== ==================== ==================== ====================
90 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,451,071 $1,212,811 - Current portion of long-term debt 646,300 1,613,749 - Accounts payable 1,055,483 338,309 $20 Accrued taxes 535,517 54,042 - Accrued interest 96,053 116,715 - Dividends payable 662 5,558 - Regulatory liabilities - net 195,047 - - Trading and price risk management liabilities - 281,657 - Deferred unbilled revenue 249,949 - - Other current liabilities 1,154,834 669,886 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,384,916 4,292,727 20 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 5,631,308 5,925,815 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,009,290 3,317,312 - Accumulated deferred investment tax credits 163,952 19,439 - Customer advances and other deferred credits 754,741 - - Power purchase contracts 466,231 - - Accumulated provision for pension and benefits 296,380 - - Other long-term liabilities 93,978 1,055,527 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,784,572 4,392,278 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 360 18,357 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption 128,755 - - Subject to mandatory redemption 255,700 176,760 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 150,000 - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 384,455 326,760 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 2,168,054 147,866 - Additional paid-in capital 334,031 3,428,914 2,406 Accumulated other comprehensive income: Cumulative translation adjustments - net (1) (139,345) - Unrealized gain in equity securities-net - - - Retained earnings (1,721,599) 707,576 (12) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 780,485 4,145,011 2,394 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $15,966,096 $19,100,948 $2,414 =============================================================== ==================== ==================== ====================
91 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Insurance Edison Drives Edison Services, Inc. Electric International - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $1,255,752 Current portion of long-term debt - - - Accounts payable $4,246 $52 797,921 Accrued taxes - - (802,168) Accrued interest - - 25,091 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 196 - 3,852 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,442 52 1,280,448 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,611,987 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (373) - 1,553 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Power purchase contracts - - - Accumulated provision for pension and benefits - - 23,507 Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (373) - 25,060 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 1,960,521 Additional paid-in capital 1,729 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 10,698 (43) 599,143 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 12,428 (43) 2,559,664 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $16,497 $9 $5,477,159 =============================================================== ==================== ==================== ====================
92 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (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 $16,576 $10,633 - Accrued taxes - - - Accrued interest - - - Dividends payable 3,281 2,329 - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 19,857 12,962 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Power purchase contracts - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures 484,217 314,779 - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 484,217 314,779 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 (691) (340) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 14,773 9,712 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $518,847 $337,453 - =============================================================== ==================== ==================== ====================
93 Edison International and Subsidiaries [Tier 1] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $3,919,634 - Current portion of long-term debt - 2,260,049 - Accounts payable $995,176 1,228,064 - Accrued taxes (805,481) 592,872 - Accrued interest 6,018 231,841 - Dividends payable - 11,830 - Regulatory liabilities - net - 195,047 - Trading and price risk management liabilities - 281,657 - Deferred unbilled revenue - 249,949 - Other current liabilities - 1,828,768 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (195,713) 10,799,711 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (1,019,285) 12,149,825 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 5,327,782 - Accumulated deferred investment tax credits - 183,391 - Customer advances and other deferred credits - 1,691,688 - Power purchase contracts - 466,231 - Accumulated provision for pension and benefits - 438,467 - Other long-term liabilities - 93,978 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 8,201,537 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 18,717 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 948,996 - Other preferred securities - 176,760 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 1,510,211 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (2,341,437) 1,960,521 - Additional paid-in capital (3,767,080) - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (139,346) - Unrealized gain in equity securities-net - - - Retained earnings 1,004,411 599,143 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (5,104,016) 2,420,318 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($6,319,014) $35,100,319 - =============================================================== ==================== ==================== ====================
94 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Southern The Mission Group Edison Ventures California Edison Consolidated Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $7,869,950 - - Nonutility power generation - $3,253,277 - Financial services and other - 593,016 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,869,950 3,846,293 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 194,961 1,081,817 - Purchased power - contracts 2,357,336 - - Purchased power - PX/ISO - net 2,329,276 - - Provisions for reg. adj. clauses - net 2,301,268 - - Other operation and maintenance 1,771,792 1,325,649 $6 Depreciation, decommissioning and amortization 1,472,872 460,389 - Property and other taxes 125,720 3,002 - Net gain on sale of utility plant (24,602) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10,528,623 2,870,857 6 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (2,658,673) 975,436 - Interest and dividend income 172,736 63,368 - Other nonoperating income (deductions)-net 118,064 31,972 - Interest Expense (571,760) (722,051) - Other nonoperating deductions (110,163) (33,651) - Dividends on preferred securities - (32,075) - Dividends on utility preferred stock (21,443) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3,071,239) 282,999 - Income taxes (1,021,452) 51,128 ($6) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (2,049,787) 231,871 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 608,453 579,737 (13) Dividends declared on common stock/other (280,265) (104,032) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,721,599) $707,576 ($12) =============================================================== ==================== ==================== ====================
95 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Catalina Edison Insurance Edison Drives Services, Inc. Electric - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $866 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 866 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 263 $12 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 263 12 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 603 - Interest and dividend income - 447 - Other nonoperating income (deductions)-net - 15,511 - Interest Expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 16,561 (12) Income taxes - 6,499 (4) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 10,062 (8) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - 636 (35) Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $10,698 ($43) =============================================================== ==================== ==================== ====================
96 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EIX Trust I EIX Trust II EIX Trust III - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income $40,592 $28,814 - Other nonoperating income (deductions)-net - - - Interest Expense - - - Other nonoperating deductions - - - Dividends on preferred securities (39,927) (28,380) - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 665 434 - Income taxes (161) (101) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 826 535 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (301) (11) - Dividends declared on common stock/other (1,216) (864) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($691) ($340) - =============================================================== ==================== ==================== ====================
97 Edison International and Subsidiaries [Tier 1] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Consolidating Edison International Adjustments International Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $7,869,950 Nonutility power generation - - 3,253,277 Financial services and other $105,129 ($105,389) 593,622 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 105,129 (105,389) 11,716,849 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 1,276,778 Purchased power - contracts - - 2,357,336 Purchased power - PX/ISO - net - - 2,329,276 Provisions for reg. adj. clauses - net - - 2,301,268 Other operation and maintenance 151,401 (105,389) 3,143,734 Depreciation, decommissioning and amortization 70 - 1,933,331 Property and other taxes - - 128,722 Net gain on sale of utility plant - - (24,602) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 151,471 (105,389) 13,445,843 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (46,342) - (1,728,994) Interest and dividend income 2,446 (81,363) 227,040 Other nonoperating income (deductions)-net - - 165,547 Interest Expense (175,485) 81,363 (1,387,933) Other nonoperating deductions (2,186) - (146,000) Dividends on preferred securities - - (100,382) Dividends on utility preferred stock - - (21,443) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (221,567) - (2,992,165) Income taxes (85,268) - (1,049,368) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (136,299) - (1,942,797) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 3,078,891 (1,188,464) 3,078,891 Dividends declared on common stock/other (2,343,449) 2,192,875 (536,951) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $599,143 $1,004,411 $599,143 =============================================================== ==================== ==================== ====================
98 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
California Conservation Edison ESI Electric Power Financing Company Corporation (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $2,971 Receivables - net - - 3,575 Accrued unbilled revenue - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - 92 Trading and price risk management assets - - - Prepayments and other current assets - - 2,998 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 9,636 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 49 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 49 - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - $151,000 2 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 151,000 2 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $151,000 $9,687 =============================================================== ==================== ==================== ====================
99 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Material Mono Power Company SCE Capital Company Supply LLC (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $806 - Receivables - net $621,934 - $9 Accrued unbilled revenue - - - Fuel inventory - - - Materials and supplies, at average cost 33,433 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 655,367 806 9 - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $655,367 $806 $9 =============================================================== ==================== ==================== ====================
100 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,485 - - Receivables - net 29 $64 $23 Accrued unbilled revenue - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 42,084 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 44,598 64 23 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 69 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,734,711 - 393 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,734,711 - 393 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,779,309 $64 $485 =============================================================== ==================== ==================== ====================
101 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $576,897 - $583,159 Receivables - net 2,252,308 ($1,958,897) 919,045 Accrued unbilled revenue 376,873 - 376,873 Fuel inventory 11,720 - 11,720 Materials and supplies, at average cost 98,218 - 131,651 Accumulated deferred income taxes - net 541,866 2,603 544,561 Trading and price risk management assets - - - Prepayments and other current assets (92,921) 172,575 124,736 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,764,961 (1,783,719) 2,691,745 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 102,105 - 102,223 Nuclear decommissioning trusts 2,504,990 - 2,504,990 Investments in partnerships and unconsolidated subsidiaries 186,905 (186,905) - Investments in leveraged leases - - - Other investments 89,570 - 89,570 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,883,570 (186,905) 2,696,783 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Utility plant, at original cost: Transmission and distribution 13,128,755 - 13,128,755 Generation 1,745,505 - 1,745,505 Accumulated provision for depreciation and decommissioning (7,834,201) - (7,834,201) Construction work in progress 635,572 - 635,572 Nuclear fuel, at amortized cost 143,082 - 143,082 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total utility plant 7,818,713 - 7,818,713 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net 2,390,124 - 2,390,124 Other deferred charges 271,160 (1,788,535) 368,731 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,661,284 (1,788,535) 2,758,855 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17,128,528 ($3,759,159) $15,966,096 =============================================================== ==================== ==================== ====================
102 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (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 - $4,584 $1,369 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 4,584 1,369 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (49,948) 813 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 62,708 1,118 Power purchase contracts - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 53,384 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 66,144 1,931 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 360 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 16,909 6,287 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 79,912 6,387 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $151,000 $9,687 =============================================================== ==================== ==================== ====================
103 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (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 $600,921 $225 $2,095 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 4,911 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 605,832 225 2,095 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Power purchase contracts - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (465) (2,168) (2,206) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 49,535 581 (2,086) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $655,367 $806 $9 =============================================================== ==================== ==================== ====================
104 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $246,300 - - Accounts payable 1,706 $26 - Accrued taxes - 3 - Accrued interest 1,517 18 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 249,523 47 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,477,321 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - $392 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Power purchase contracts - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 392 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 62,153 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (1) - Unrealized gain in equity securities-net - - - Retained earnings (9,688) 18 93 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 52,465 17 93 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,779,309 $64 $485 =============================================================== ==================== ==================== ====================
105 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $1,451,071 - $1,451,071 Current portion of long-term debt 400,000 - 646,300 Accounts payable 2,398,543 ($1,953,986) 1,055,483 Accrued taxes 532,911 2,603 535,517 Accrued interest 94,518 - 96,053 Dividends payable 662 - 662 Regulatory liabilities - net 22,472 172,575 195,047 Trading and price risk management liabilities - - - Deferred unbilled revenue 249,949 - 249,949 Other current liabilities 1,148,850 1,073 1,154,834 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6,298,976 (1,777,735) 5,384,916 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 5,889,138 (1,735,151) 5,631,308 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,058,033 - 2,009,290 Accumulated deferred investment tax credits 163,952 - 163,952 Customer advances and other deferred credits 690,915 - 754,741 Power Purchase contracts 466,231 - 466,231 Accumulated provision for pension and benefits 296,380 - 296,380 Other long-term liabilities 99,962 (59,368) 93,978 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,775,473 (59,368) 3,784,572 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 360 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 334,031 (178,080) 334,031 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (1) Unrealized gain in equity securities-net - - - Retained earnings (1,721,599) (8,780) (1,721,599) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 780,486 (186,905) 780,485 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $17,092,033 ($3,759,159) $15,966,096 =============================================================== ==================== ==================== ====================
106 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
California Conservation Edison ESI Electric Power Financing Company (Inactive) Corporation - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $27,575 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 27,575 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - 2,671 Other operation and maintenance - $92 23,137 Depreciation, decommissioning and amortization - - 36 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 92 25,844 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (92) 1,731 Interest and dividend income - 9,632 87 Other nonoperating income (deductions)-net - - - Interest Expense - (239) (6) Other nonoperating deductions - (24) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 9,277 1,812 Income taxes - 3,811 762 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 5,466 1,050 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - 11,443 5,237 Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $16,909 $6,287 =============================================================== ==================== ==================== ====================
107 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Material Mono Power Company SCE Capital Company Supply LLC (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $417,389 - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 417,389 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 417,849 $174 $6 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 417,849 174 6 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (460) (174) (6) Interest and dividend income 727 - - Other nonoperating income (deductions)-net - - - Interest Expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 267 (174) (6) Income taxes 2 (307) (8) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 265 133 2 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (730) (2,301) (2,208) Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($465) ($2,168) ($2,206) =============================================================== ==================== ==================== ====================
108 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
SCE Funding LLC SCE UK Services Southern States Limited Realty - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $119,786 $175 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 119,786 175 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,844 165 $9 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,844 165 9 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 114,942 10 (9) Interest and dividend income 4,259 - - Other nonoperating income (deductions)-net - - - Interest Expense (120,727) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,526) 10 (9) Income taxes - 3 214 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1,526) 7 (223) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (8,162) 11 316 Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,688) $18 $93 =============================================================== ==================== ==================== ====================
109 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
ENvestSCE Edison Pipeline Edison Carrier and Terminal Solutions Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $26,578 $17,659 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 26,578 17,659 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 596 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net ($1,772) 2,679 - Other operation and maintenance 171 12,269 15,576 Depreciation, decommissioning and amortization - 2,817 - Property and other taxes - 427 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1,607) 18,788 15,576 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 7,790 2,083 Interest and dividend income 339 29 - Other nonoperating income (deductions)-net - - - Interest Expense (339) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1,601 7,819 2,083 Income taxes 649 1,532 (244) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) $952 $6,287 $2,327 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
110 Southern California Edison Company and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Southern Consolidating Southern California Edison Adjustments California Edison Company Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $7,797,964 ($537,176) $7,869,950 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,797,964 (537,176) 7,869,950 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 194,365 - 194,961 Purchased power - contracts 2,357,336 - 2,357,336 Purchased power - PX/ISO - net 2,329,276 - 2,329,276 Provisions for reg. adj. clauses - net 2,297,690 - 2,301,268 Other operation and maintenance 1,718,053 (420,553) 1,771,792 Depreciation, decommissioning and amortization 1,470,019 - 1,472,872 Property and other taxes 125,293 - 125,720 Net gain on sale of utility plant (24,602) - (24,602) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10,467,430 (420,553) 10,528,623 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (2,669,466) (115,022) (2,658,673) Interest and dividend income 158,635 (972) 172,736 Other nonoperating income (deductions)-net 118,064 - 118,064 Interest Expense (571,204) 120,755 (571,760) Other nonoperating deductions (110,139) - (110,163) Dividends on preferred securities - - - Dividends on utility preferred stock (21,443) - (21,443) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3,095,553) - (3,071,239) Income taxes (1,027,866) - (1,021,452) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (2,067,687) - (2,049,787) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 608,453 - 608,453 Dividends declared on common stock/other (262,365) - (280,265) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,721,599) ($8,870) ($1,721,599) =============================================================== ==================== ==================== ====================
111 Southern California Edison Company and Subsidiaries Equity Investments December 31, 2000 (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 integrated uranium mining complex in Wyoming. Ownership Interest(s): 50% by Mono Power Company
112 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $5 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 3 - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,414 - - =============================================================== ==================== ==================== ====================
113 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $5 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 3 - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,414 - - =============================================================== ==================== ==================== ====================
114 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $20 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (12) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,394 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,414 - - =============================================================== ==================== ==================== ====================
115 Edison Ventures and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $20 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (12) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,394 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,414 - - =============================================================== ==================== ==================== ====================
116 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Ventures Edison TransEnergy Consolidating Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - OX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (Loss) before taxes - - - Income taxes ($6) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
117 Edison Ventures and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Ventures Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes ($6) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
118 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
The Mission Group Edison O&M Services Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $596 - $6,017 Receivables - net 10,238 - 1,029 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 197 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 11,031 - 7,046 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,000 - - Investments in leveraged leases - - - Other investments 4,024,818 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,034,818 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 9,487 - 1,069 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,487 - 1,069 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,055,336 - $8,115 =============================================================== ==================== ==================== ====================
119 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $4,104 $962,865 Receivables - net - 78,790 672,114 Fuel inventory - - 207,791 Materials and supplies, at average cost - 6,426 72,073 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - 251,524 Prepayments and other current assets - 7,089 40,688 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 96,409 2,207,055 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 38,695 9,864,124 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 4,439 2,087,592 Investments in leveraged leases - - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 43,134 11,951,716 - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 382,031 858,320 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 382,031 858,320 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $521,574 $15,017,091 =============================================================== ==================== ==================== ====================
120 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $152,843 $8,251 - Receivables - net 332,447 1,468 $1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 4,091 9 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 489,381 9,728 1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 4,946 72,465 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 823,832 - - Investments in leveraged leases 2,345,301 - - Other investments - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,174,079 72,465 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 49,292 17,834 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 49,292 17,834 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,712,752 $100,027 $1 =============================================================== ==================== ==================== ====================
121 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1,134,676 - Receivables - net ($25,223) 1,070,864 - Fuel inventory - 207,791 - Materials and supplies, at average cost - 78,499 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - 251,524 - Prepayments and other current assets - 52,074 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (25,223) 2,795,428 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 9,980,230 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (225,712) 2,700,151 - Investments in leveraged leases - 2,345,301 - Other investments (4,024,818) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (4,250,530) 15,025,682 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (38,195) 1,279,838 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (38,195) 1,279,838 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($4,313,948) $19,100,948 - =============================================================== ==================== ==================== ====================
122 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (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 $67 - $1,255 Accrued taxes - - 171 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 206 - 352 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total current liabilities 273 - 1,778 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Accumulated deferred income taxes - net 1,492 - 1,243 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 922 - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total deferred credits & other liabilities 2,414 - 1,243 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- --------------------- Preferred stock of utility: 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 3,428,915 - 9,946 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 475,868 - (4,852) - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total common shareholders' equity 4,052,649 - 5,094 - ------------------------------------------------------------- -------------------- -------------------- --------------------- Total liabilities and shareholders' equity $4,055,336 - $8,115 ============================================================= ==================== ==================== =====================
123 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $883,389 Current portion of long-term debt - - 1,767,898 Accounts payable - $22,751 311,419 Accrued taxes - 10,597 50,626 Accrued interest - - 123,354 Dividends payable - - 5,558 Regulatory liabilities - net - - - Trading and price risk management liabilities - - 281,657 Deferred unbilled revenue - - - Other current liabilities - 63,857 487,099 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 97,205 3,911,000 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 5,334,789 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 12,379 1,592,046 Accumulated deferred investment tax credits - - 19,439 Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 6,579 866,857 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 18,958 2,478,342 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 18,016 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - 176,760 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - 150,000 Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - 326,760 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 64,130 Additional Paid in Capital - 573,443 2,629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (146,748) Unrealized gain in equity securities-net - - - Retained earnings - (168,032) 401,396 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 405,411 2,948,184 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $521,574 $15,017,091 =============================================================== ==================== ==================== ====================
124 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $329,422 - - Current portion of long-term debt 70,176 - - Accounts payable 5,559 $576 - Accrued taxes - 12 - Accrued interest 7,753 - $150 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 117,336 1,035 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 530,246 1,623 150 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 591,026 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,740,367 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 171,466 9,703 8,699 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,911,833 9,703 8,699 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 341 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 88,993 - Accumulated other comprehensive income: Cumulative translation adjustments - net 7,403 - - Unrealized gain in equity securities-net - - - Retained earnings 591,306 (292) (11,848) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 679,306 88,701 (8,848) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,712,752 $100,027 $1 =============================================================== ==================== ==================== ====================
125 The Mission Group and Subsidiaries [Tier 2] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $1,212,811 - Current portion of long-term debt - 1,838,074 - Accounts payable ($10,681) 330,945 - Accrued taxes - 61,406 - Accrued interest (14,542) 116,715 - Dividends payable - 5,558 - Regulatory liabilities - net - - - Trading and price risk management liabilities - 281,657 - Deferred unbilled revenue - - - Other current liabilities - 669,886 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (25,223) 4,517,052 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (224,325) 5,701,490 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (30,215) 3,317,312 - Accumulated deferred investment tax credits - 19,439 - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (8,699) 1,055,527 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (38,914) 4,392,278 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 18,357 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - 176,760 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - 150,000 - Other preferred securities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 326,760 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock (67,130) 147,866 - Additional Paid in Capital (3,382,386) 3,428,914 - Accumulated other comprehensive income: Cumulative translation adjustments - net - (139,345) - Unrealized gain in equity securities-net - - - Retained earnings (575,970) 707,576 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (4,025,486) 4,145,011 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($4,313,948) $19,100,948 - =============================================================== ==================== ==================== ====================
126 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
The Mission Group Edison O&M Services Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - ($56) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (56) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1,054 - 87 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,054 - 87 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,054) - (143) Interest and dividend income 15 - 118 Other nonoperating income (deductions)-net - - 95 Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,039) - 70 Income taxes (407) - 28 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (632) - 42 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 401,064 - (4,894) Dividends declared on common stock/other 75,436 - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $475,868 - ($4,852) =============================================================== ==================== ==================== ====================
127 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Edison Enterprises Edison Mission Environmental Consolidated Energy Consolidated Services - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - $3,253,061 Financial services and other - $336,225 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 336,225 3,253,061 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 1,081,817 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 334,790 930,786 Depreciation, decommissioning and amortization - 50,126 382,130 Property and other taxes - - 803 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 384,916 2,395,536 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (48,691) 857,525 Interest and dividend income - 317 52,132 Other nonoperating income (deductions)-net - - 21,794 Interest expense - - (689,397) Other nonoperating deductions - (87) (3,183) Dividends on preferred securities - - (32,075) Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (48,461) 206,796 Income taxes - (20,225) 81,544 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (28,236) 125,252 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - (139,768) 364,434 Dividends declared on common stock/other - (28) (88,290) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($168,032) $401,396 =============================================================== ==================== ==================== ====================
128 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Capital Mission Land Mission Power Consolidated Company Engineering Consolidated Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $273,784 $7,666 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 273,784 7,666 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 53,488 5,444 - Depreciation, decommissioning and amortization 27,682 451 - Property and other taxes - 2,199 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 81,170 8,094 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 192,614 (428) - Interest and dividend income 10,358 428 - Other nonoperating income (deductions)-net (20,298) - - Interest expense 57,257 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 125,417 - - Income taxes (9,909) - $9 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 135,326 - (9) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 455,980 1,833 (11,839) Dividends declared on common stock/other - (2,125) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $591,306 ($292) ($11,848) =============================================================== ==================== ==================== ====================
129 The Mission Group and Subsidiaries [Tier 2] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating The Mission Group Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $216 $3,253,277 - Financial services and other (24,603) 593,016 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (24,387) 3,846,293 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 1,081,817 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,325,649 - Depreciation, decommissioning and amortization - 460,389 - Property and other taxes - 3,002 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 2,870,857 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (24,387) 975,436 - Interest and dividend income - 63,368 Other nonoperating income (deductions)-net - 31,972 - Interest expense 24,603 (722,051) - Other nonoperating deductions - (33,651) - Dividends on preferred securities - (32,075) - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 216 282,999 - Income taxes 88 51,128 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 128 231,871 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (487,073) 579,737 - Dividends declared on common stock/other (89,025) (104,032) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($575,970) $707,576 - =============================================================== ==================== ==================== ====================
130 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3,070 $2,947 - Receivables - net 733 296 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,803 3,243 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 1,069 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,069 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,803 $4,312 - =============================================================== ==================== ==================== ====================
131 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - --------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $6,017 - - Receivables - net 1,029 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 7,046 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,069 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,069 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,115 - - =============================================================== ==================== ==================== ====================
132 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $625 $630 - Accrued taxes 171 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 175 177 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 971 807 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,222 21 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,222 21 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (4,390) (462) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,610 3,484 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,803 $4,312 - =============================================================== ==================== ==================== ====================
133 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - --------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1,255 - - Accrued taxes 171 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabiities - - - Deferred unbilled revenue - - - Other current liabilities 352 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,778 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,243 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,243 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (4,852) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,094 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,115 - - =============================================================== ==================== ==================== ====================
134 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Technology Edison EV Consolidating Solutions Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($56) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (56) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (15) $102 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (15) 102 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (41) (102) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 30 40 - Income taxes 12 16 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 18 24 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (4,408) (486) - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4,390) ($462) - =============================================================== ==================== ==================== ====================
135 Edison Technology Solutions and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Technology Solutions Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($56) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 56 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 87 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 87 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (143) - - Interest and dividend income 118 - - Other nonoperating income (deductions)-net 95 - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 70 - - Income taxes 28 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 42 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (4,894) - - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($4,852) - - =============================================================== ==================== ==================== ====================
136 Edison Technology Solutions and Subsidiaries Equity Investments December 31, 2000 (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%
137 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $2,744 $1,340 Receivables - net $2,668 33,312 55,223 Fuel inventory - - - Materials and supplies, at average cost - 4,462 1,769 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,006 320 2,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,674 40,838 60,773 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 5,165 32,531 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (121,731) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (121,731) 5,165 32,531 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 20,929 350,122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 20,929 350,122 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($118,057) $66,932 $443,426 ============================================================= ==================== ==================== ====================
138 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Utility Consolidating Edison Enterprises Services Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $20 - $4,104 Receivables - net 2,574 ($14,987) 78,790 Fuel inventory - - - Materials and supplies, at average cost 195 - 6,426 Accumulated deferred income taxes - net - - - Trading and risk management assets - - - Prepayments and other current assets 1,217 2,105 7,089 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,006 (12,882) 96,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 999 - 38,695 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 126,170 4,439 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 999 126,170 43,134 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 10,980 382,031 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 10,980 382,031 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,005 $124,268 $521,574 ============================================================= ==================== ==================== ====================
139 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 ($138) $17,493 $3,616 Accrued taxes 147 5,486 2,488 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 6,572 13,047 54,096 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6,581 36,026 60,200 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (6,601) (3,970) 12,379 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 3,406 767 1,615 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (3,195) (3,203) 13,994 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 46,424 87,393 435,125 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (167,867) (53,284) (65,893) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (121,443) 34,109 369,232 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($118,057) $66,932 $443,426 ============================================================= ==================== ==================== ====================
140 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 ($81) $1,861 $22,751 Accrued taxes 9 2,467 10,597 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 7,352 (17,210) 63,857 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 7,280 (12,882) 97,205 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (399) 10,970 12,379 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 781 10 6,579 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 382 10,980 18,958 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,547 (46) 573,443 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (7,204) 126,216 (168,032) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (2,657) 126,170 405,411 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,005 $124,268 $521,574 ============================================================= ==================== ==================== ====================
141 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Enterprises Edison Source Edison Select Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $181,164 $153,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 181,164 153,705 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $509 179,183 148,336 Depreciation, decommissioning and Amortization - 2,929 46,426 Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 509 182,112 194,762 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (509) (948) (41,057) Interest and dividend income - 128 189 Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - (87) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (509) (820) (40,955) Income taxes (1,039) (570) (16,159) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 530 (250) (24,796) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (139,632) (53,006) (41,098) Dividends declared on common stock/other (28,765) (28) 1 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($167,867) ($53,284) ($65,893) ============================================================= ==================== ==================== ====================
142 Edison Enterprises and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Utility Consolidating Edison Enterprises Services Adjustments Consolidated - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $1,356 - $336,225 - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Total operating revenue 1,356 - 336,225 - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 6,762 - 334,790 Depreciation, decommissioning and Amortization 771 - 50,126 Property and other taxes - - - Loss (gain) on sale of utility plant - - - - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Total operating expenses 7,533 - 384,916 - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Operating income (loss) (6,177) - (48,691) Interest and dividend income - - 317 Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - (87) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Income (loss) before taxes (6,177) - (48,461) Income taxes (2,457) - (20,225) - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Net income (loss) (3,720) - (28,236) - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Retained earnings - beginning of year (3,484) $97,452 (139,768) Dividends declared on common stock/other - 28,764 (28) Dividends declared on preferred stock - - - - ------------------------------------------------------------- ----------------------- ---------------------- ----------------------- Retained earnings - end of year ($7,204) $126,216 ($168,032) ============================================================= ======================= ====================== =======================
143 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Source G.H.V. Refrigera- Edison Source tion, Inc. Norvik Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,319 $425 - Receivables - net 9,425 23,887 - Fuel inventory - - - Materials and supplies, at average cost 1,997 2,465 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 67 253 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,808 27,030 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 312 4,853 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 312 4,853 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (5,631) 26,560 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (5,631) 26,560 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,489 $58,443 - ============================================================= ==================== ==================== ====================
144 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Source Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $2,744 - Receivables - net - 33,312 - Fuel inventory - - - Materials and supplies, at average cost - 4,462 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 320 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 40,838 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 5,165 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 5,165 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 20,929 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 20,929 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $66,932 - ============================================================= ==================== ==================== ====================
145 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Source G.H.V. Refrigera- Edison Source tion, Inc. Norvik Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3,976 $13,517 - Accrued taxes 3,961 1,525 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (11,173) 24,220 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,236) 39,262 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (24) (3,946) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (276) 1,043 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (300) (2,903) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 87,393 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 12,024 (65,308) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 12,024 22,085 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,488 $58,444 - ============================================================= ==================== ==================== ====================
146 Edison Source and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Source Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $17,493 - Accrued taxes - 5,486 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 13,047 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 36,026 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (3,970) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 767 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (3,203) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 87,393 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (53,284) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 34,109 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $66,932 - ============================================================= ==================== ==================== ====================
147 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Source G.H.V. Refrigera- Edison Source tion, Inc. Norvik Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $84,118 $97,046 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 84,118 97,046 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 71,186 107,997 - Depreciation, decommissioning and Amortization 179 2,750 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 71,365 110,747 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 12,753 (13,701) - Interest and dividend income 154 (26) - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 12,907 (13,727) - Income taxes 4,106 (4,676) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 8,801 (9,051) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (46,155) (6,851) - Dividends declared on common stock/other (28) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($37,382) ($15,902) - ============================================================= ==================== ==================== ====================
148 Edison Source and Subsidiaries [Tier 4] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Edison Source Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $181,164 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 181,164 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 179,183 - Depreciation, decommissioning and Amortization - 2,929 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 182,112 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (948) - Interest and dividend income - 128 - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (820) - Income taxes - (570) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (250) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - (53,006) - Dividends declared on common stock/other - (28) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($53,284) - ============================================================= ==================== ==================== ====================
149 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $222 - $1,096 Receivables - net 35,814 - 689 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 114,056 - (1,213) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 150,092 - 572 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 24,684 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 278,212 - - Investments in leveraged leases - - - Other investments 334 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 303,230 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $453,322 - $572 ============================================================= ==================== ==================== ====================
150 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Security Valley Burglar & Consolidating Corp. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $21 $1 - Receivables - net 17,571 1,149 - Fuel inventory - - - Materials and supplies, at average cost 1,477 292 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets (133,722) 23,320 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (114,653) 24,762 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 7,075 772 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - ($278,212) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,075 772 (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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 342,123 7,665 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 342,123 7,665 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $234,545 $33,199 ($278,212) ============================================================= ==================== ==================== ====================
151 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,340 - - Receivables - net 55,223 - - Fuel inventory - - - Materials and supplies, at average cost 1,769 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 2,441 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 60,773 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 32,531 - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 350,122 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 350,122 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $443,426 - - ============================================================= ==================== ==================== ====================
152 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $2,881 - - Accrued taxes (137) - $48 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 20,917 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 23,661 - 48 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 12,343 - 36 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 1,615 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 13,958 - 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 435,125 - 1,944 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (19,422) - (1,756) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 415,703 - 488 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $453,322 - $572 ============================================================= ==================== ==================== ====================
153 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 $720 $15 - Accrued taxes 2,565 12 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 31,301 1,878 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 34,586 1,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 244,510 31,448 (277,902) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (44,561) (154) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 199,959 31,294 (278,212) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $234,545 $33,199 ($278,212) ============================================================= ==================== ==================== ====================
154 Edison Select and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3,616 - - Accrued taxes 2,488 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 54,096 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 60,200 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 12,379 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 1,615 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 13,994 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 435,125 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (65,893) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 369,232 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $443,426 - - ============================================================= ==================== ==================== ====================
155 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Select Edison Home Select Home Protection Company Warranty Company (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $5,294 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue $5,294 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 30,912 - ($184) Depreciation, decommissioning and amortization 8,708 - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 39,620 - (184) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (34,326) - 184 Interest and dividend income 133 - 54 Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions (87) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (34,280) - 238 Income taxes (13,550) - 87 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (20,730) - 151 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (1,460) - (1,908) Dividends declared on common stock/other 1 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($22,189) - ($1,757) ============================================================= ==================== ==================== ====================
156 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Security Valley Burglar & Consolidating Corp. Fire Alarm Co., Adjustments Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $141,586 $6,825 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 141,586 6,825 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 111,015 6,593 - Depreciation, decommissioning and Amortization 36,145 1,573 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 147,160 8,166 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (5,574) (1,341) - Interest and dividend income - (2) - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (5,574) (1,339) - Income taxes (2,174) (522) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3,400) (817) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (38,915) 1,185 - Dividends declared on common stock/other - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($42,315) $368 - ============================================================= ==================== ==================== ====================
157 Edison Select and Subsidiaries [Tier 4] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Select Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $153,705 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 153,705 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 148,336 - - Depreciation, decommissioning and Amortization 46,426 - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 194,762 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (41,057) - - Interest and dividend income 189 - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions (87) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (40,955) - - Income taxes (16,159) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (24,796) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (41,098) - - Dividends declared on common stock/other 1 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($65,893) - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $136 ($8) - Receivables - net (163) 21 $80 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 28 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (27) 41 80 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 333 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 333 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($27) $374 $80 ============================================================= ==================== ==================== ====================
159 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands) Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $152,722 - - Receivables - net 417,832 $909 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 199 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 570,753 909 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 3,450 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 826,017 - - Investments in leveraged leases 2,345,301 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,174,768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 40,287 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 40,287 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,785,808 $909 - ============================================================= ==================== ==================== ====================
160 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - ($8) Receivables - net $3 $316 12,531 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 3,864 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 316 16,387 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,162 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - 21,283 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 22,445 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 9,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 9,003 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $316 $47,835 ============================================================= ==================== ==================== ====================
161 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $152,843 - Receivables - net ($99,081) 332,447 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 4,091 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (99,081) 489,381 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 4,946 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (2,183) 823,832 - Investments in leveraged leases - 2,345,301 - Other investments (21,283) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (23,466) 3,174,079 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1 49,292 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1 49,292 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($122,546) $3,712,752 - ============================================================= ==================== ==================== ====================
162 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3,622 - - Receivables - net 708,061 $22 $19,768 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 175 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 711,858 22 19,768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 311 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 304,748 - - Investments in leveraged leases 93 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 305,152 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 19,715 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 19,715 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,036,725 $22 $19,768 ============================================================= ==================== ==================== ====================
163 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $9,382 - Receivables - net $240,654 566,347 $107,484 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 240,654 575,729 107,484 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 425,116 - Investments in leveraged leases 584,743 1,057,675 275,074 Other investments - 3,438 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 584,743 1,486,229 275,074 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 52 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 52 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $825,397 $2,062,010 $382,558 ============================================================= ==================== ==================== ====================
164 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $53,348 $53,983 $40,805 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 53,348 53,983 40,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 33,578 86,014 Investments in leveraged leases 427,716 - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 427,716 33,578 86,014 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $481,064 $87,561 $126,819 ============================================================= ==================== ==================== ====================
165 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Funding Edison Funding Omicron Inc. [7] Olive Court [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3,617 $117 - Receivables - net 107,276 68 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 110,893 185 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 3,139 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (8,377) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (8,377) 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 204 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 204 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $102,516 $3,528 - ============================================================= ==================== ==================== ====================
166 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $135,985 ($1) $152,722 Receivables - net 75,913 (1,555,897) 417,832 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 24 - 199 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 211,922 (1,555,898) 570,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 3,450 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (4,444) (10,618) 826,017 Investments in leveraged leases - - 2,345,301 Other investments 1,431,375 (1,434,813) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,426,931 (1,445,431) 3,174,768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 20,316 - 40,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 20,316 - 40,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,659,169 ($3,001,329) $3,785,808 ============================================================= ==================== ==================== ====================
167 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5 $32 - Receivables - net 552 821 $645 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 563 853 645 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 27 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 27 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $590 $853 $645 ============================================================= ==================== ==================== ====================
168 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $3 $23 - Receivables - net 58 (5) - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 61 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $61 $18 - ============================================================= ==================== ==================== ====================
169 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
170 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
171 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - $5 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 10 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $15 ============================================================= ==================== ==================== ====================
172 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $3,551 Receivables - net $3 $52 1,385 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 168 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3 52 5,104 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 285 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 372 Investments in leveraged leases - - - Other investments - 1,201 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,201 657 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 1,691 9,300 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,691 9,300 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3 $2,944 $15,061 ============================================================= ==================== ==================== ====================
173 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital Housing New Jersey Housing New York Housing Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,615 $14 $1,767 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,615 14 1,767 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 4,286 4,570 3,659 Investments in leveraged leases - - - Other investments 3,709 - 4,036 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,995 4,570 7,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,610 $4,584 $9,462 ============================================================= ==================== ==================== ====================
174 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $2,705 $3 $2,144 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,705 3 2,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 363 - 379 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 363 - 379 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,068 $3 $2,523 ============================================================= ==================== ==================== ====================
175 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,197 $2,515 $30,234 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,197 2,515 30,234 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 7,930 13,856 Investments in leveraged leases - - - Other investments - - (1,572) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 7,930 12,284 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 282 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 282 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,197 $10,727 $42,518 ============================================================= ==================== ==================== ====================
176 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $38,029 $31,534 $10,357 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 38,029 31,534 10,357 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 21,254 8,716 2,976 Investments in leveraged leases - - - Other investments (2,314) 1,013 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 18,940 9,729 2,976 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $56,969 $41,263 $13,333 ============================================================= ==================== ==================== ====================
177 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $26,669 $18,513 $7,287 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 26,669 18,513 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $26,670 $18,513 $7,287 ============================================================= ==================== ==================== ====================
178 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $15,191 - $4,456 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 15,191 - 4,456 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $15,191 - $4,640 ============================================================= ==================== ==================== ====================
179 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $5,189 $15,227 $6,224 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,189 15,227 6,224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1,795 795 3,945 Investments in leveraged leases - - - Other investments 148 367 484 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,943 1,162 4,429 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,132 $16,389 $10,653 ============================================================= ==================== ==================== ====================
180 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $905 $3,825 $10,072 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 905 3,825 10,072 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 515 1,204 9,114 Investments in leveraged leases - - - Other investments 8 335 2,952 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 523 1,539 12,066 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,428 $5,364 $22,138 ============================================================= ==================== ==================== ====================
181 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $1,834 $12 $6,005 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,834 12 6,005 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 348 33 3,722 Investments in leveraged leases - - - Other investments 27 (9) 4,046 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 375 24 7,768 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 32 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 32 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,241 $36 $13,773 ============================================================= ==================== ==================== ====================
182 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $8 Receivables - net $4 $7,925 526,504 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 7,925 526,512 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 14,587 206,338 Investments in leveraged leases - - 93 Other investments - - 242,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 14,587 448,874 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 8,392 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 8,392 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4 $22,512 $983,778 ============================================================= ==================== ==================== ====================
183 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $3,622 - Receivables - net ($73,410) 708,062 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 174 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (73,410) 711,858 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (1) 311 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,401 304,748 - Investments in leveraged leases - 93 - Other investments (271,461) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (263,061) 305,152 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 19,715 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 19,715 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($336,471) $1,036,725 - ============================================================= ==================== ==================== ====================
184 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (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 $9 - - Receivables - net 1,393 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,402 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,538 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,538 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,940 - - ============================================================= ==================== ==================== ====================
185 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital International International Latin American (Bermuda) Ltd. Transmission Investments (Bermuda) Ltd. [6] Holding Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $750 - $24 Receivables - net 518 - 13,153 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,268 - 13,177 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 32,094 - 105,792 Investments in leveraged leases - - (2,742) Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 32,094 - 103,050 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 9 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $33,371 - $116,227 ============================================================= ==================== ==================== ====================
186 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital Mission Funding (Netherlands) (Netherlands) Alpha Holdings Company Investments B.V. B.V. 110 [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4 $8,579 - Receivables - net 8,313 5,744 $455,805 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8,317 14,323 455,805 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 278,692 - Investments in leveraged leases - - 708,981 Other investments 248,667 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 248,667 278,692 708,981 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 29 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 29 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $256,984 $293,044 $1,164,786 ============================================================= ==================== ==================== ====================
187 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mu Mission Funding Mission Funding Nu [6] Delta [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net $12,848 $25,183 $28,500 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12,848 25,183 28,500 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases 23,313 - 55,436 Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 23,313 - 55,436 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $36,161 $25,183 $83,936 ============================================================= ==================== ==================== ====================
188 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Mission (Bermuda) Mission Funding Investments, Inc. Investments, Ltd. Epsilon 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $8 $7 - Receivables - net 5,311 4,792 $343,304 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,319 4,799 343,304 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - 272,687 Other investments - - 540,467 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 813,154 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,319 $4,799 $1,156,472 ============================================================= ==================== ==================== ====================
189 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Funding Adjustments Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 $9,382 - Receivables - net (338,517) 566,347 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (338,516) 575,729 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 425,116 - Investments in leveraged leases - 1,057,675 - Other investments (785,696) 3,438 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (785,696) 1,486,229 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 52 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 52 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($1,124,212) $2,062,010 - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $136 $161 $202 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 121 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 136 282 202 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (58) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (58) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (167) - Unrealized gain in equity securities-net - - - Retained earnings (163) 317 (122) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (163) 150 (122) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($27) $374 $80 ============================================================= ==================== ==================== ====================
191 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $329,422 - - Current portion of long-term debt 70,176 - - Accounts payable (5,890) $133 - Accrued taxes - - - Accrued interest 7,753 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 102,866 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 504,327 133 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 591,026 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,762,863 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 114,021 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,876,884 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 341 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 127,087 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 7,571 - - Unrealized gain in equity securities-net - - - Retained earnings 678,572 776 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 813,230 776 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,785,808 $909 - ============================================================= ==================== ==================== ====================
192 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $17 $199 $111,943 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 14,349 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 17 199 126,292 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (22,437) Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 57,445 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 35,008 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - (425) Retained earnings (14) 114 (193,637) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (14) 117 (113,465) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3 $316 $47,835 ============================================================= ==================== ==================== ====================
193 Edison Capital and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $329,422 - Current portion of long-term debt - 70,176 - Accounts payable ($101,342) 5,559 - Accrued taxes - - - Accrued interest - 7,753 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 117,336 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (101,342) 530,246 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 591,026 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 1,740,367 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 171,466 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 1,911,833 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest (1) 341 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (127,090) 80,597 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 7,403 - Unrealized gain in equity securities-net - - - Retained earnings 105,887 591,306 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (21,203) 679,306 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($122,546) $3,712,752 - ============================================================= ==================== ==================== ====================
194 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $176 - - Current portion of long-term debt - - Accounts payable 721,973 $36 $2 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 99,705 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 821,854 36 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 95 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 30,652 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 45,866 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 76,518 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 161 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 45,720 - $19,764 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 92,377 (14) 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 138,097 (14) 19,766 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,036,725 $22 $19,768 ============================================================= ==================== ==================== ====================
195 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $185,006 $84,639 $79,445 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - Other current liabilities - 67 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 185,006 84,706 79,445 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 493,382 893,193 211,560 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 466 34,829 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 493,848 928,022 211,560 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 115,372 925,210 75,295 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (3,334) - Unrealized gain in equity securities-net - - - Retained earnings 31,171 127,406 16,258 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 146,543 1,049,282 91,553 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $825,397 $2,062,010 $382,558 ============================================================= ==================== ==================== ====================
196 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $273,531 $554 ($2,331) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 696 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 274,227 554 (2,331) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 65,324 31,677 28,416 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 65,324 31,677 28,416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 26,005 14,965 8,234 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 141,513 55,330 100,734 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $481,064 $87,561 $126,819 ============================================================= ==================== ==================== ====================
197 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Funding Edison Funding Omicron Inc. [7] Olive Court [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $7 $74 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 5,105 351 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,112 425 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 3,106 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 14,050 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 14,050 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 180 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 12,724 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 70,450 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 83,174 (3) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $102,516 $3,528 - ============================================================= ==================== ==================== ====================
198 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $329,246 - $329,422 Current portion of long-term debt 70,176 - 70,176 Accounts payable 207,074 ($1,555,900) (5,890) Accrued taxes - - - Accrued interest 7,753 - 7,753 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - Deferred unbilled revenue - - - Other current liabilities (3,058) - 102,866 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 611,191 (1,555,900) 504,327 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 587,825 - 591,026 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (5,391) - 1,762,863 Accumulated deferred investment Tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 32,860 - 114,021 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 27,469 - 1,876,884 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 341 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 446,124 (1,761,495) 127,087 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 10,905 - 7,571 Unrealized gain in equity securities-net - - - Retained earnings (24,345) 316,066 678,572 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 432,684 (1,445,429) 813,230 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,659,169 ($3,001,329) $3,785,808 ============================================================= ==================== ==================== ====================
199 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $236 $279 $23 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 236 279 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 241 59 31 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 113 515 591 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 354 574 622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $590 $853 $645 ============================================================= ==================== ==================== ====================
200 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $6 $16 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue and other - - - Other current liabilities - 17 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6 33 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 of utility: 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 53 (15) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 55 (15) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $60 $18 - ============================================================= ==================== ==================== ====================
201 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
202 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
203 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Current portion of long-term debt - - - Accounts payable - - $8 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - (7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $15 ============================================================= ==================== ==================== ====================
204 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $176 Current portion of long-term debt - - - Accounts payable $14 $78 674 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 1,144 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14 78 1,994 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 4,911 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (320) 2,899 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (320) 2,899 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 161 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (11) (586) 3,895 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (11) 3,186 5,096 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3 $2,944 $15,061 ============================================================= ==================== ==================== ====================
205 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital Housing New Jersey Housing New York Housing Pennsylvania - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $15 $49 $224 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 3,070 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 15 3,119 224 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (57) - 255 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (57) - 255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 1,500 9,325 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 404 (35) (342) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 9,652 1,465 8,983 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9,610 $4,584 $9,462 ============================================================= ==================== ==================== ====================
206 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $14 $13 $14 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14 13 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 184 - 178 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 184 - 178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 725 (10) 265 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,870 (10) 2,331 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,068 $3 $2,523 ============================================================= ==================== ==================== ====================
207 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $106 $4,957 $159 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 718 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 106 5,675 159 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1,304) (168) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 37 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1,267) (168) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 89 1,319 11,946 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,091 6,319 42,527 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,197 $10,727 $42,518 ============================================================= ==================== ==================== ====================
208 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $16 $16 $13 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 93 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 16 16 106 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (256) 1,696 1,551 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (256) 1,696 1,551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 13,077 13,625 7,770 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 57,209 39,551 11,676 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $56,969 $41,263 $13,333 ============================================================= ==================== ==================== ====================
209 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $84 $2,140 $6,126 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 42 95 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 126 2,235 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 94 163 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 403 2,314 89 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 6,101 5,302 (55) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 26,141 13,964 1,072 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $26,670 $18,513 $7,287 ============================================================= ==================== ==================== ====================
210 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $5 $6 $47 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5 6 47 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 128 - 1,167 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 128 - 1,167 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 1,292 (6) 162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15,058 ($6) 3,426 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $15,191 - $4,640 ============================================================= ==================== ==================== ====================
211 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $30 $30 $17 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 30 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (22) (104) (49) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (22) (104) (49) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,457 10,110 7,924 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 2,667 6,353 2,761 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,124 16,463 10,685 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,132 $16,389 $10,653 ============================================================= ==================== ==================== ====================
212 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $30 $30 $17 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 30 30 17 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (40) (5) (276) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (40) (5) (276) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 277 1,999 4,827 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,438 5,339 22,397 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,428 $5,364 $22,138 ============================================================= ==================== ==================== ====================
213 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $51 $32 $31 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 132 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 183 32 31 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (85) - (46) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (85) - (46) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (22) 1,034 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,143 4 13,788 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,241 $36 $13,773 ============================================================= ==================== ==================== ====================
214 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $17 $15 $779,334 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 94,383 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 17 15 873,717 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 40 - 22,738 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 45,572 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 40 - 68,310 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 45,683 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (107) 7,919 (3,932) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (53) 22,497 41,751 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4 $22,512 $983,778 ============================================================= ==================== ==================== ====================
215 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $176 - Current portion of long-term debt - - - Accounts payable ($72,999) 721,973 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (1) 99,705 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (73,000) 821,854 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (4,816) 94 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) 30,652 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 45,866 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1) 76,518 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (260,142) 45,720 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 1,488 92,377 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (258,654) 138,097 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($336,471) $1,036,725 - ============================================================= ==================== ==================== ====================
216 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Current portion of long-term debt - - - Accounts payable $1,880 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,880 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 6,723 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 1,337 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 8,060 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9,940 - - ============================================================= ==================== ==================== ====================
217 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (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 - - - Current portion of long-term debt - - - Accounts payable $2,594 ($11,295) $50 Accrued taxes - - - Accrued interest - - 19,870 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,594 (11,295) 19,920 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 1,453 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 1,453 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 29,384 123,425 248,667 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - 2,698 Unrealized gain in equity securities-net - - - Retained earnings 1,393 4,097 (15,754) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 30,777 127,522 235,611 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $33,371 $116,227 $256,984 ============================================================= ==================== ==================== ====================
218 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $51 $380,288 $20 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 51 380,288 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (3,248) 593,791 12,792 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 34,829 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 31,581 593,791 12,792 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 251,038 157,652 14,750 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (6,032) - - Unrealized gain in equity securities-net - - - Retained earnings 16,406 33,055 8,599 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 261,412 190,707 23,349 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $293,044 $1,164,786 $36,161 ============================================================= ==================== ==================== ====================
219 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $5,177 $20 $6,041 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 5,177 20 6,041 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (3) 34,073 (1,681) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (3) 34,073 (1,681) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 6,129 16,655 916 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 20,009 49,843 959 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $25,183 $83,936 $5,319 ============================================================= ==================== ==================== ====================
220 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $4,301 $11,709 ($316,197) Accrued taxes - - - Accrued interest - - (19,870) Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 68 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,301 11,777 (336,068) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1,401) 257,418 (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1,401) 257,418 (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 1,174 833,432 (788,146) Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 725 53,845 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,899 887,277 (788,143) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4,799 $1,156,472 ($1,124,212) ============================================================= ==================== ==================== ====================
221 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Funding Epsilon Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $84,639 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 67 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 84,706 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 893,193 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 34,829 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 928,022 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 925,210 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3,334) - - Unrealized gain in equity securities-net - - - Retained earnings 127,406 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,049,282 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,062,010 - - ============================================================= ==================== ==================== ====================
Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Burlington Edison Capital Edison Capital Apartments, Inc. Europe Limited Ventures - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $2,841 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,841 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $18 $2,494 - Depreciation, decommissioning and amortization - 121 - Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 18 2,615 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (18) 226 - Interest and dividend income 19 12 - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1 238 - Income taxes 201 28 $4 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (200) 210 (4) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 37 107 (118) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($163) $317 ($122) ================================================================ ==================== ==================== ====================
223 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Funding Edison Mortgage Mission Bartlett Company Company Hill Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $252,906 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 252,906 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. Adj. clauses - net - - - Other operation and maintenance 17,046 $3 - Depreciation, decommissioning and Amortization 23,685 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 40,731 3 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 212,175 (3) - Interest and dividend income 9,950 394 - Other nonoperating income (deductions)-net - - - Interest expense 57,256 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 164,869 391 - Income taxes (13,549) 168 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 178,418 223 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 821,706 553 - Dividends declared on common stock (304,159) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $695,965 $776 - =============================================================== ==================== ==================== ====================
224 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Renewable Energy Edison Capital International Capital Company Capital, Inc. - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $564 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 564 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 - 36,765 Depreciation, decommissioning and Amortization - - 3,877 Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 - 40,642 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) - (40,078) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - 2 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3) - (40,080) Income taxes - $1 (14,157) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3) (1) (25,923) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (11) 115 (167,714) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($14) $114 ($193,637) ================================================================ ==================== ==================== ====================
225 Edison Capital and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($2,841) $273,784 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (2,841) 273,784 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (2,841) 53,488 - Depreciation, decommissioning and amortization - 27,682 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (2,841) 81,170 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 192,614 - Interest and dividend income - 10,358 - Other nonoperating income (deductions)-net - (20,298) - Interest expense - 57,257 - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 125,417 - Income taxes - (9,909) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 135,326 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 105,887 455,980 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $105,887 $591,306 - =============================================================== ==================== ==================== ====================
226 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Integrated Mission First Housing Energy Services Asset Investment Investments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $24,751 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,751 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 12,283 $3 $3 Depreciation, decommissioning and amortization 15,584 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 27,867 3 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3,116) (3) (3) Interest and dividend income 1,280 - - Other nonoperating income (deductions)-net - - - Interest expense 10 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,846) (3) (3) Income taxes 17,055 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (18,901) (3) (3) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 287,952 (11) 5 Dividends declared on common stock (176,674) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $92,377 ($14) $2 =============================================================== ==================== ==================== ====================
227 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Funding Beta Epsilon Gamma Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $51,111 $101,664 $27,516 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 51,111 101,664 27,516 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 (1,582) 3 Depreciation, decommissioning and Amortization - 3 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 (1,579) 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 51,108 103,243 27,513 Interest and dividend income - 3,485 - Other nonoperating income (deductions)-net - - - Interest expense - 33 - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 51,108 106,695 27,513 Income taxes 19,937 32,890 11,255 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 31,171 73,805 16,258 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 49,777 102,935 28,374 Dividends declared on common stock (49,777) (49,334) (28,374) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $31,171 $127,406 $16,258 =============================================================== ==================== ==================== ====================
228 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Funding Mission Funding Mission Iowa Wind Kappa Zeta Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $43,373 $2,184 $1,491 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 43,373 2,184 1,491 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 2 Depreciation, decommissioning and Amortization - 870 282 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 873 284 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 43,370 1,311 1,207 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 43,370 1,311 1,207 Income taxes 17,692 (2,390) (7,065) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 25,678 3,701 8,272 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 327 11,264 (38) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $26,005 $14,965 $8,234 =============================================================== ==================== ==================== ====================
229 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Funding Edison Funding Omicron Inc. Olive Court - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($2,501) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (2,501) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX-ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 15 $3 - Depreciation, decommissioning and Amortization 5,876 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5,891 3 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (8,392) (3) - Interest and dividend income 345 - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (8,047) (3) - Income taxes (78,390) (2) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 70,343 (1) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 107 (2) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $70,450 ($3) - =============================================================== ==================== ==================== ====================
230 Edison Capital and Subsidiaries [Tier 4] Edison Funding Company Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Funding Consolidating Edison Funding Company Adjustments Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $3,318 ($1) $252,906 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,318 (1) 252,906 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 6,309 (2) 17,046 Depreciation, decommissioning and Amortization 1,070 - 23,685 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,379 (2) 40,731 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (4,061) 1 212,175 Interest and dividend income 4,840 - 9,950 Other nonoperating income (deductions)-net - - - Interest expense 57,213 - 57,256 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (56,434) 1 164,869 Income taxes (7,138) - 3,844 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (49,296) 1 161,025 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 24,951 316,065 821,706 Dividends declared on common stock - - (304,159) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($24,345) $316,066 $678,572 =============================================================== ==================== ==================== ====================
231 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
East Coast EC Asset Services, EC Properties, Inc. Capital, Inc. Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $103 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 103 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and Amortization $4 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (4) 103 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (4) 103 - Income taxes (6) 44 ($148) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 59 148 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 111 456 443 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $113 $515 $591 =============================================================== ==================== ==================== ====================
232 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
EC Properties III, EC-SLP, Inc. ECHI-A Company Inc. - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and Amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes ($29) $1 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 29 (1) - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 24 (14) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $53 ($15) - ================================================================ ==================== ==================== ====================
233 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
ECHI-B Company ECHI Wyvernwood, Edison Capital Inc. Affordable Housing 97 V - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - ================================================================ ==================== ==================== ====================
234 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Affordable Housing 97 VI 97 VII 97 VIII - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
235 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital Affordable Housing Affordable Housing Housing Delaware 99A Company 99B Company Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - ($1) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - (1) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 3 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (4) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (4) Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (4) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year - - (3) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($7) =============================================================== ==================== ==================== ====================
236 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital John Stewart Housing Florida Housing Management Company [6] - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $18,461 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 18,461 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 $3 11,966 Depreciation, decommissioning and Amortization - 267 1,402 Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 270 13,368 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) (270) 5,093 Interest and dividend income - - 30 Other nonoperating income (deductions)-net - - - Interest expense - - 8 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3) (270) 5,115 Income taxes (1) (108) 2,134 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (2) (162) 2,981 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (9) (424) 914 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($11) ($586) $3,895 ================================================================ ==================== ==================== ====================
237 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Housing Housing New Jersey Housing New York Pennsylvania - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($264) - ($225) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (264) - (225) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 $6 3 Depreciation, decommissioning and Amortization 143 - 123 Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 146 6 126 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (410) (6) (351) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - 1 - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (410) (7) (351) Income taxes 1,293 11 1,468 - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1,703) (18) (1,819) - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 2,107 (17) 1,477 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $404 ($35) ($342) ================================================================ ==================== ==================== ====================
238 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Housing Edison Housing Edison Housing North Carolina Oregon, Inc. South Carolina - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($16) - ($15) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (16) - (15) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 $3 3 Depreciation, decommissioning and amortization 13 - 14 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 16 3 17 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (32) (3) (32) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (32) (3) (32) Income taxes (60) (1) (57) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 28 (2) 25 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 697 (8) 240 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $725 ($10) $265 =============================================================== ==================== ==================== ====================
239 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
EHI Development EHI Development MHICAL 94 Company Company Fund - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $32 ($828) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 32 (828) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 3 3 Depreciation, decommissioning and Amortization - - 450 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 453 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) 29 (1,281) Interest and dividend income - 577 29 Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3) 606 (1,252) Income taxes - 87 4,555 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3) 519 (5,807) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 92 800 17,753 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $89 $1,319 $11,946 =============================================================== ==================== ==================== ====================
240 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
MHICAL 95 Company MHICAL 96 Company MHICAL 97 Company - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($1,309) ($665) $18 - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Total operating revenue (1,309) (665) 18 - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 3 3 Depreciation, decommissioning and amortization 762 1,170 163 Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Total operating expenses 765 1,173 166 - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Operating income (loss) (2,074) (1,838) (148) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Total fixed charges - - - - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Minority interest - - - - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Income (loss) before taxes (2,074) (1,838) (148) Income taxes 5,456 (663) (1,560) - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Net income (loss) (7,530) (1,175) 1,412 - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Retained earnings - beginning of year 20,607 14,800 6,358 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------------ --------------------- -------------------- -------------------- Retained earnings - end of year $13,077 $13,625 $7,770 ================================================================== ===================== ==================== ====================
241 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
MHIFED 94 Company MHIFED 95 Company MHIFED 96 Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $28 - - Depreciation, decommissioning and amortization - $7 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 28 7 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (28) (7) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Other interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (28) (7) - Income taxes (10) (2) $1 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (18) (5) (1) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 6,119 5,307 (54) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,101 $5,302 ($55) =============================================================== ==================== ==================== ====================
242 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
MHIFED 96A Company MHIFED 97 Company Mission Housing Alpha - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $2 Depreciation, decommissioning and amortization - - 27 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 29 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (29) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total fixed charges - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Minority interest - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (29) Income taxes $16 - (89) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (16) - 60 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 1,308 ($6) 102 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,292 ($6) $162 =============================================================== ==================== ==================== ====================
243 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Beta Delta Denver - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($110) $15 ($243) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (110) 15 (243) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2 3 3 Depreciation, decommissioning and Amortization 60 94 132 Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 62 97 135 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (172) (82) (378) Interest and dividend income - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (172) (82) (378) Income taxes 678 295 1,083 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (850) (377) (1,461) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 3,517 6,730 4,222 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,667 $6,353 $2,761 ============================================================== ==================== ==================== ====================
244 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Housing Mission Housing Mission Housing Epsilon Gamma Holdings - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($16) ($74) ($561) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (16) (74) (561) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2 3 3 Depreciation, decommissioning and Amortization 27 40 305 Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 29 43 308 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (45) (117) (869) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Other interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (45) (117) (869) Income taxes 98 496 3,104 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (143) (613) (3,973) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 420 2,612 8,800 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $277 $1,999 $4,827 ============================================================== ==================== ==================== ====================
245 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Housing Mission Funding Mission Housing Theta Theta [6] Zeta - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($67) - ($229) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (67) - (229) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3 - 3 Depreciation, decommissioning and Amortization 63 $4 124 Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 66 4 127 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (133) (4) (356) Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (133) (4) (356) Income taxes (132) 2 1,668 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1) (6) (2,024) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 937 (16) 3,058 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $936 ($22) $1,034 ============================================================== ==================== ==================== ====================
246 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission SA Company Edison Housing Edison Capital Consolidation Co. Housing Investments - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $10,877 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 10,877 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 $3 337 Depreciation, decommissioning and Amortization - - 10,198 Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 10,535 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) (3) 342 Interest and dividend income - - 644 Other nonoperating income (deductions)-net - - - Interest expense - - 1 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3) (3) 985 Income taxes (1) (7,488) 4,917 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (2) 7,485 (3,932) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (105) 434 176,674 Dividends declared on common stock - - (176,674) Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($107) $7,919 ($3,932) ============================================================== ==================== ==================== ====================
247 Edison Capital and Subsidiaries [Tier 5] Edison Capital Housing Investments Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Consolidating Edison Capital Adjustments Housing Investments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($132) $24,751 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (132) 24,751 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (126) 12,283 - Depreciation, decommissioning and Amortization (8) 15,584 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (134) 27,867 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 2 (3,116) - Interest and dividend income - 1,280 - Other nonoperating income (deductions)-net - - - Interest expense - 10 - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 (1,846) - Income taxes 3 17,055 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1) (18,901) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 1,489 287,952 - Dividends declared on common stock - (176,674) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,488 $92,377 - =============================================================== ==================== ==================== ====================
248 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital LAI Edison Capital (Bermuda) (Bermuda) Ltd. [6] Latin American Investments, Ltd. Investments (Bermuda), Ltd. [6] - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and Amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (6) - - Interest and dividend income 5 - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1) - - Income taxes 5 - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (6) - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 1,343 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,337 - - ============================================================== ==================== ==================== ====================
249 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Edison Capital Edison Capital International Latin American (Netherlands) (Bermuda) Ltd. Investments Holdings Company Holding Company B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $6,509 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 6,509 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $2 - $41 Depreciation, decommissioning and Amortization 1 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 - 41 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) 6,509 (41) Interest and dividend income 723 1,358 - Other nonoperating income (deductions)-net - - - Interest expense - - 24,013 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 720 7,867 (24,054) Income taxes 246 3,132 (8,308) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 474 4,735 (15,746) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 919 (638) (8) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,393 $4,097 ($15,754) =============================================================== ==================== ==================== ====================
250 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Edison Capital Mission Funding Mission Funding Mu (Netherlands) Alpha [6] Investments B.V. [6] - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $24,513 $54,691 $1,665 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 24,513 54,691 1,665 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 46 3 3 Depreciation, decommissioning and amortization 1 - - Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 47 3 3 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 24,466 54,688 1,662 Interest and dividend income 748 - - Other nonoperating income (deductions)-net - - - Interest expense 18 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 25,196 54,688 1,662 Income taxes 8,785 21,633 677 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 16,411 33,055 985 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year (5) 49,335 7,614 Dividends declared on common stock - (49,335) - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $16,406 $33,055 $8,599 ============================================================== ==================== ==================== ====================
251 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Funding Mission Funding Nu Mission Delta [6] Investments, Inc. - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $3,753 $2,685 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 3,753 2,685 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $3 3 31 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3 3 31 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3) 3,750 2,654 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - 15 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3) 3,750 2,639 Income taxes (1) 1,515 33 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (2) 2,235 2,606 - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 6,131 14,420 667 Dividends declared on common stock - - (2,357) Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,129 $16,655 $916 ============================================================== ==================== ==================== ====================
252 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission (Bermuda) Mission Funding Consolidating Investments, Ltd. Epsilon Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $4,244 $10,533 ($6,929) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 4,244 10,533 (6,929) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 11 5,200 (6,931) Depreciation, decommissioning and amortization - 1 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 11 5,201 (6,931) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 4,233 5,332 2 Interest and dividend income - 24,663 (24,012) Other nonoperating income (deductions)-net - - - Interest expense - - (24,013) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 4,233 29,995 3 Income taxes (3) 5,176 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 4,236 24,819 3 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 215 22,944 (2) Dividends declared on common stock (3,726) 6,082 2 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $725 $53,845 $3 =============================================================== ==================== ==================== ====================
253 Edison Capital and Subsidiaries [Tier 5] Mission Funding Epsilon Consolidated Consolidating Statements of Income (Loss) and Retained Earnings December 31, 2000 (In thousands)
Mission Funding Epsilon Consolidated - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $101,664 - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 101,664 - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (1,582) - - Depreciation, decommissioning and amortization 3 - - Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (1,579) - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 103,243 - - Interest and dividend income 3,485 - - Other nonoperating income (deductions)-net - - - Interest expense 33 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 106,695 - - Income taxes 32,890 - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 73,805 - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - beginning of year 102,935 - - Dividends declared on common stock (49,334) - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $127,406 - - ============================================================== ==================== ==================== ====================
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $7,641 $4,520 Revenues $39 $287 $227 Net Income (Loss) ($42) ($180) ($191) 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
255 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $5,700 $6,033 $2,329 Revenues $251 $467 $133 Net Income (Loss) ($157) ($180) ($154) 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.
256 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $6,664 $1,819 $2,995 Revenues $646 $271 $352 Net Income (Loss) ($60) $15 ($61) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Investments Housing Investments Omicron Inc.
257 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $7,106 $24,526 $6,139 Revenues $540 $2,088 $480 Net Income (Loss) ($536) ($964) ($193) 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
258 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $6,341 $3 $1,171 Revenues $383 $2 $188 Net Income (Loss) ($229) - ($40) 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
259 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: 708 Pico LP (Wavecrest Aaron Michael Assoc LP Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 99.9% by Edison Capital 99.9% by Edison Capital Housing Partners XV LP Housing Investments
260 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Abajo Del Sol LP Abby Assoc LP (Windmere) Admiralty Heights Assoc II 1995 LP (Kent Manor) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,361 $5,070 $692 Revenues - $312 $191 Net Income (Loss) $12 ($124) ($276) 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
261 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $8,191 $6,036 $653 Revenues $535 $684 $46 Net Income (Loss) ($224) ($121) ($26) 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.
262 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Alhambra Apts LP Alma Place Assoc LP Altamont Hotel Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $17,128 $8,443 $6,120 Revenues $754 $577 $664 Net Income (Loss) ($191) ($326) ($165) 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
263 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: AMCAL Santa Barbara Fund Anglo Edison LLC No. 1 Anglo Edison Ravenwood LLC XXXVI LP (Positano) (Las Brisas) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,905 $4,332 - Revenues $724 $563 - Net Income (Loss) ($322) ($83) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Funding Housing Partners V LP Omicron Inc. Omicron Inc.
264 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Antelope Assoc LP Apollo Development Assoc Arbor Lane Assoc Phase II LP (Apollo Hotel) LP (Timberwood) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,957 $7,979 $1,165 Revenues $910 $311 $149 Net Income (Loss) ($212) ($136) ($26) Ownership Interest(s): 99.00% by MHICAL 95 LP 99.90% by Edison Capital 99.00% by Corporations Housing Partners XIV LP for Affordable Housing LP
265 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Argyle Redevelop-ment Arroyo Vista Assoc LP Artloft Assoc LP Partnership LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,981 $14,784 $4,551 Revenues $3,371 $1,588 $396 Net Income (Loss) ($450) ($448) ($65) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 35.60% by Corporations Housing Investments for Affordable Housing LP for Affordable Housing LP 53.39% by Corporations for Affordable Housing LP II
266 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Auburn Manor Apts LP Auburn Manor LLC Avalon Courtyard LP (Carson Senior Housing) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $15,014 - $5,757 Revenues $1,988 - $648 Net Income (Loss) ($616) - ($13) Ownership Interest(s): 99.00% by Edison 50.00% by Edison 99.00% by MHIFED 95 LP Capital Housing Capital Housing Partners XI LP Investments
267 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: B.A.I. Edison Ravenwood Baker Park Assoc LP Baldwin Village LP LP (Ravenwood) (Watson Terrace) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $14,611 - Revenues - $807 - Net Income (Loss) - ($343) - Ownership Interest(s): 90.00% by Edison Capital 99.00% by MHICAL 95 LP 99.90% by Edison Capital Housing Delaware, Inc. Housing Investments
268 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Barnsdall Court LP (Villa Bartlett Hill Assoc LP Beacon Manor Assoc LP Mariposa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,621 $5,724 $4,613 Revenues - $452 $205 Net Income (Loss) ($1) ($515) ($206) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XI LP Housing Investments Housing Partners X LP
269 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Benton Green LP Berry Ave Assoc LP Bodega Hills Investors LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,899 $8,200 $3,475 Revenues - $366 $193 Net Income (Loss) - ($294) ($119) Ownership Interest(s): 99.90% by Edison Capital 99.00% by MHIFED 94 LP 99.00% by Edison Capital Housing Partners XV LP Housing Partners V LP
270 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Borregas Court LP Boulder Creek Apartments Bouquet Canyon Seniors LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,850 $25,278 $21,884 Revenues $79 $984 $92 Net Income (Loss) ($480) ($846) ($217) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XI LP Housing Partners X LP Housing Investments
271 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Bracher Assoc LP Bradley Manor Senior Apts Brantwood II Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,066 $2,694 $3,616 Revenues $458 $392 $31 Net Income (Loss) ($200) ($110) ($87) Ownership Interest(s): 99.00% by MHICAL 95 LP 99.00% by Edison Capital 99.00% by Edison Funding Housing Partners VI LP Omicron Inc.
272 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Brookline Housing Assoc Brooks School Assoc LP Bryn Mawr - Belle Shore LLC (Bridgewater) LP (The) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,852 $4,319 $21,424 Revenues $1,071 $109 $967 Net Income (Loss) ($368) ($163) ($1,685) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Funding 99.00% by Edison Funding for Affordable Housing LP Omicron Inc. Omicron Inc. II
273 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Bryson Family Apts LP Burlington Arboretum LP Burlington Senior Housing LLC - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $17,928 - $3,304 Revenues $29 - $217 Net Income (Loss) $22 - ($239) Ownership Interest(s): 99.90% by Edison Capital 94.66% by Edison Capital 99.00% by Edison Capital Housing Partners XI LP Housing Investments Housing Partners X LP 1.00% by Burlington Apts, Inc.
274 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Bush Hotel LP Caleb Affordable Housing California Park Apts LP Assoc LP (Ledges/Pinebrook) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14,750 $7,971 $3,227 Revenues $621 $1,217 $437 Net Income (Loss) ($159) ($237) ($127) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Corporations 99.00% by MH I LP Omicron Inc. for Affordable Housing LP
275 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Carlin LP (The) Carlton Way Apts LP Carson Housing LP (Carson Street) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14,817 $4,000 $8,334 Revenues $1,413 $174 - Net Income (Loss) ($545) ($102) - Ownership Interest(s): 99.00% by Corporations 99.00% by MHIFED 94 LP 99.00% by Edison Capital for Affordable Housing LP Housing Partners XI LP
276 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Carson Terrace LP Casa Rampart LP (Rampart C-Court LP (Cawelti Court) Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,150 $4,906 $2,636 Revenues - $138 $122 Net Income (Loss) - ($180) ($45) Ownership Interest(s): 99.90% by Edison Capital 98.90% by Edison Capital 99.00% by Edison Capital Housing Partners XIV LP Housing Partners XI LP Housing Partners VII LP
277 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: CCS/Bellingham LP CCS/Mount Vernon Housing CCS/Renton Housing LP (Washington Grocery LP (La Venture) (Renton) Building) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,579 $1,401 $2,223 Revenues $266 $46 $171 Net Income (Loss) ($116) ($51) ($143) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Investments Housing Partners X LP
278 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: CDR Senior Housing Assoc Catalonia Assoc LP Cedarshores Limited LP (Casa del Rio) Dividend Housing Association LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,700 $10,525 $9,959 Revenues $365 $509 $881 Net Income (Loss) ($181) ($330) ($120) Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Capital 98.99% by Edison Capital Housing Partners VIII LP Housing Partners XII LP 0.01% by Mission Funding Theta
279 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Centennial Place LP Centertown Assoc LP Centro Partners LP (El Centro) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,355 $7,201 $5,057 Revenues $567 $400 $281 Net Income (Loss) ($389) ($241) ($206) Ownership Interest(s): 99.00% by MH V LP 99.00% by Edison Funding 99.00% by Edison Funding Omicron Inc. Omicron Inc.
280 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Cincinnati Ravenwood Apts Chamber Apts LP (The Cochrane Village Apts LP LP (Ravenwood) Chamber Bldg) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,392 - $2,189 Revenues $922 - $160 Net Income (Loss) ($287) - ($38) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Investments Housing Partners XIII LP Omicron Inc. 0.95% by B.A.I. Edison Ravenwood LP (Ravenwood)
281 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Colina Vista LP Community Invest-ment LP Conejo Valley Community (Oak Village Apts) Housing Assoc (Community House Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,845 $5 $1,708 Revenues $240 $6 $75 Net Income (Loss) ($214) - ($50) Ownership Interest(s): 99.00% by MHICAL 95 LP 1.00% by John Stewart 99.00% by Edison Capital Company Housing Investments
282 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Coolidge Station Apts LLC Corporations for Corporations for Affordable Housing LP Affordable Housing LP II - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,861 - - Revenues $124 - - Net Income (Loss) ($77) - - Ownership Interest(s): 99.00% by Edison Capital 1.00% by EC Properties, 1.00% by EC Properties, Housing Partners X LP Inc. Inc.
283 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Corporations for Corona Ely/Ranch Assoc LP Cottonwood Affordable Affordable Housing LP III Housing LP (Verde Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $9,200 $1,136 Revenues - $502 $349 Net Income (Loss) - ($208) ($218) Ownership Interest(s): 1.00% by EC Properties 99.00% by MHIFED 94 LP 99.00% by Edison Capital III, Inc. Housing Partners VII LP
284 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Coyote Springs Apts Assoc Crescent Manor Assoc LP Cypress Cove Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,336 $11 $2,805 Revenues $657 $8 $195 Net Income (Loss) ($362) $3 ($94) Ownership Interest(s): 99.00% by Edison Funding 2.85% by John Stewart 99.00% by Edison Funding Omicron Inc. Company Omicron Inc.
285 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Davis MHA Twin Pines Del Carlo Court Assoc LP Del Norte Place LP Community Assoc LP (Northstar Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,328 $5,056 $9,399 Revenues $229 $206 $1,300 Net Income (Loss) ($129) ($191) ($133) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 18.00% by John Stewart Housing Partners XI LP Omicron Inc. Company
286 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Delta Plaza Apts LP DeRose Housing Assoc LP Diamond Creek Apts LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,050 $4,730 $20,224 Revenues $83 $513 - Net Income (Loss) ($94) ($155) $316 Ownership Interest(s): 99.00% by Edison Funding 99.00% by MH III LP 99.90% by Edison Capital Omicron Inc. Housing Investments
287 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Diamond Phase III Venture Don Avante Assoc I LP Don Avante Assoc II LP LP (Don de Dios) (Village Avante) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $200 $6,492 $10,597 Revenues $237 - - Net Income (Loss) ($123) ($68) ($181) Ownership Interest(s): 99.00% by Corporations 99.90% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Partners XV LP Housing Partners XIV LP
288 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Double X Assoc 1995 LP EAH Larkspur Creekside East Cotati Ave Partners (Terrace Manor) Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,601 $2,621 $5,450 Revenues $235 $242 $313 Net Income (Loss) ($256) ($147) ($149) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Funding Housing Partners VI LP Omicron Inc. Omicron Inc.
289 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Eastwood Homes LP ECH/HFC GP Partnership ECH/HFC GP Partnership No. 1 No. 2 - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,723 - - Revenues $321 - - Net Income (Loss) ($576) - - Ownership Interest(s): 98.99% by Edison Capital 34.90% by Edison Capital 56.70% by Edison Capital Housing Partners XI LP Housing Investments Housing Investments 0.01% by Mission Funding 50.40% by MHICAL 96 43.30% by MHICAL 95 Theta Company Company 14.70% by MHICAL 97 Company
290 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: ECH Investor Partners ECH Investor Partners EDA LP (Eagle's Nest) VI-A LP VI-B LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $30,934 $18,980 $8,767 Revenues - - $2,447 Net Income (Loss) ($377) ($227) ($158) Ownership Interest(s): 15.39% by Edison Capital 15.39% by Edison Capital 99.00% by Corporations Contributions VI Partners Contributions VI Partners for Affordable Housing LP II
291 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Edison Capital Affordable Edison Capital Affordable Edison Capital Housing Housing 99A G.P. Housing 99B G.P. Partners V LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,136 $5,870 - Revenues - - - Net Income (Loss) ($251) ($650) - Ownership Interest(s): 27.69% by Edison Capital 99.99% by Edison Capital 16.38% by Edison Capital Housing Investments Housing Investments Housing Investments 36.47% by MHICAl 96 0.01% by Mission Funding Company Theta 33.05% by MHICAL 97 Company 2.78% by Mission Housing Epsilon 0.01% by Mission Funding Theta
292 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Housing Edison Capital Housing Partners VI LP Partners VII LP Partners VIII LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 61.82% by ECH Investor 19.40% by ECH/HFC GP 18.54% by ECH/HFC GP Partners VI-A LP Partnership No. 1 Partnership No. 2 37.18% by ECH Investor Partners VI-B LP
293 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Housing Edison Capital Housing Partners IX LP Partners X LP Partners XI LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $42,820 $55,064 $41,849 Revenues - - - Net Income (Loss) ($251) ($650) ($281) Ownership Interest(s): 13.5533% by Edison 19.3952% by Edison 18.62486% by Edison Capital Affordable Capital Affordable Capital Affordable Housing 99A G.P. Housing 99B GP Housing 99B GP
294 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Housing Edison Capital Housing Partners XII LP Partners XIII LP Partners XIV LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $25,765 $26,110 - Revenues - - - Net Income (Loss) ($21) ($267) - Ownership Interest(s): 13.73759% by Edison 17.03513% by Edison 7.61% by Edison Capital Capital Affordable Capital Affordable Affordable Housing 99B GP Housing 99B GP Housing 99B GP
295 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Edison Capital Housing Edison Capital Edgewood Manor Assoc II LP Partners XV LP Contributions VI Partners - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $6,761 $5,194 Revenues - - $369 Net Income (Loss) - ($604) ($201) Ownership Interest(s): 9.567% by Edison Capital 91.77% by Edison Capital 99.00% by Corporations Affordable Housing 99B GP Housing Investments for Affordable Housing LP II 4.03% by Edison Housing North Carolina 4.20% by Edison Housing South Carolina
296 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $3,318 $5,428 $10,064 Revenues $165 $202 $444 Net Income (Loss) ($143) ($156) ($76) 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
297 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Elizabeth West & East LP Emanuel Grant Company LLC Eugene Hotel LP (Capitol Heights) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,884 - - Revenues $162 - - Net Income (Loss) ($115) - - Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.90% by Edison Capital Omicron Inc. Housing Partners XV LP Housing Investments
298 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Fairmont Hotel Urban Fairview Village Assoc LP Farm (The) Assoc LP Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,132 $700 $5,877 Revenues $261 $42 $317 Net Income (Loss) ($414) ($21) ($156) Ownership Interest(s): 99.00% by Corporations 99.00% by MHIFED 94 LP 99.00% by Edison Funding for Affordable Housing LP Omicron Inc.
299 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Fell St Housing Assoc LP Fifth & Wilshire Apts LP Flagstaff Afford-able Housing II LP (Forest View Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14,000 $1,295 $1,315 Revenues $627 $173 $412 Net Income (Loss) ($314) ($160) ($292) Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners VII LP Housing Partners VII LP
300 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Florence Apts LLC Florin Woods Assoc LP Forest Winds Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,041 $7,423 $5,660 Revenues $123 $406 $306 Net Income (Loss) ($220) ($223) ($190) Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 95 LP 99.00% by Mission Housing Housing Investments Investors Partnership
301 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Fremont Building LP Garnet Housing Assoc LP Gateway Housing LP (Crescent Arms) (Gateway Townhomes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $20,302 $2,331 $8,330 Revenues $638 $139 $1,214 Net Income (Loss) ($803) ($98) ($103) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHICAL 97 LP 99.00% by Corporations Omicron Inc. for Affordable Housing LP II
302 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Gilroy Redwood Assoc LP Ginzton Assoc LP Glen Eden Assoc LP (A (Redwoods) Street) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,100 $9,237 $6,460 Revenues $214 $891 $279 Net Income (Loss) ($120) ($45) ($240) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by Mission Housing Omicron Inc. Omicron Inc. Investors Partnership
303 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Good Samaritan Assoc LP Grace Housing LP Gray's Meadows Investors LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,700 $12,582 $5,380 Revenues $188 - $328 Net Income (Loss) ($152) - ($208) Ownership Interest(s): 99.00% by MHIFED 96A LP 99.00% by Edison Capital 99.00% by Mission Housing Housing Partners XI LP Investors Partnership
304 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Greenway Village Assoc LP Grossman Apts Investors LP Hamilton Place Apts LP (Larkin Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,757 $1,153 $1,740 Revenues $259 $104 $759 Net Income (Loss) ($126) ($46) ($371) 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
305 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $1,392 $1,775 $2,828 Revenues $542 $48 $183 Net Income (Loss) ($400) ($48) ($188) 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
306 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $3,637 $5,153 $11,156 Revenues $305 $370 $37 Net Income (Loss) ($144) ($192) ($183) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.90% by Edison Capital Omicron Inc. Omicron Inc. Housing Investments
307 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Heritage Partners LP Highland Village Partners Hilltop Farms LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $12,851 $4,678 - Revenues - - - Net Income (Loss) $360 $1 - Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Partners XII LP Housing Partners XV LP Housing Investments
308 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: HMB-Atlanta I LP (Spring Hollywood El Centro LP Holy Family Assoc LP Branch) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,545 $11,500 $10,056 Revenues $854 $623 $640 Net Income (Loss) ($197) ($372) ($244) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHIFED 95 LP 99.00% by Edison Funding Omicron Inc. Omicron Inc.
309 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Homestead Village Assoc LP Hope West Apts LP Hotel Elkhart LLC (The Cornerstone) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,676 $2,800 $3,944 Revenues $641 $112 $486 Net Income (Loss) ($169) ($108) ($37) 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
310 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Huff Ave Assoc LP I.G. Partners LP (Island Jackie Robinson Apts LP Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,102 - - Revenues $774 - - Net Income (Loss) ($216) - - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 1.67% by John Stewart Housing Partners VII LP Housing Partners XV LP Company
311 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Josephinum Assoc LP (The) Junction City Apts LP Karen Partners LP (Green Park) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,080 $500 $1,802 Revenues $1,163 $725 - Net Income (Loss) ($723) ($32) - Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.90% by Edison Capital Housing Investments for Affordable Housing LP Housing Partners XV LP II
312 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: KDF Malabar LP (Malabar KDF Park Glenn LP (Park KDF Park Glenn Seniors LP Apts) Glenn) (Park Glenn II) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,571 $10,223 $816 Revenues $1,260 $1,278 - Net Income (Loss) ($72) ($169) ($6) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.90% by Edison Capital Housing Partners VI LP Housing Investments Housing Investments
313 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: KDF Santa Paula LP (Santa Kennedy Court Partners LP Kennedy Lofts Assoc LP Paula) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,480 $3,371 $13,696 Revenues $382 $201 $2,361 Net Income (Loss) ($80) ($151) $2,653 Ownership Interest(s): 99.00% by Edison Capital 99.00% by MHICAL 96 LP 99.00% by Edison Capital Housing Investments Housing Investments
314 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: King Road Assoc LP Klamath Assoc LP Knolls Community Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,512 $2,901 $8,802 Revenues - $165 $245 Net Income (Loss) - ($98) ($462) Ownership Interest(s): 99.90% by Edison Capital 99.00% by MHICAL 96 LP 99.00% by Edison Capital Housing Investments Housing Partners IX LP
315 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: La Brea/Franklin LP Lackawana Housing Assoc Lark Ellen LP (Goodwill Neighborhood Residences) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,000 $4,941 $14,329 Revenues $286 $150 $834 Net Income (Loss) ($305) ($208) ($418) Ownership Interest(s): 99.00% by MHIFED 95 LP 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Housing Partners X LP
316 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Larkin Pine LP Larkspur Isle LP Las Casitas LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,100 $4 $4 Revenues $291 $1 $3 Net Income (Loss) ($264) ($1) - Ownership Interest(s): 99.00% by MHIFED 95 LP 0.50% by John Stewart 0.50% by John Stewart Company Company
317 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: La Terraza Assoc LP Lavell Village Assoc LP LL Housing LP (Laurel (Carlsbad Villas at Lakes) Camino Real) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $28,418 $5,660 $9,911 Revenues $2,121 $312 - Net Income (Loss) ($803) ($219) ($130) Ownership Interest(s): 99.00% by Mission Housing 99.00% by MHIFED 96 LP 99.00% by Edison Capital Partnership 1996 LP Housing Investments
318 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: LL Housing LLC Lee Park Investors LP Liberty House Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $29,071 $4,158 Revenues - $7,073 $258 Net Income (Loss) - $28 ($176) Ownership Interest(s): 24.50% by Edison Capital 99.00% by Mission Housing 99.00% by Corporations Housing Investments Alpha for Affordable Housing LP II
319 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Lilac Estates LP LINC-Bristol Assoc I, LP Lovejoy Station LP (City Gardens) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,323 - Revenues - $2,201 - Net Income (Loss) - ($150) - Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XV LP Housing Partners VI LP Housing Investments
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Mackenzie Park Assoc LP Madison/Mollison LP (Park Maple Ridge Development Mollison) Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,554 $7,438 $2,151 Revenues $126 $837 $266 Net Income (Loss) ($29) ($449) ($47) 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
321 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Maplewood Housing Maplewood School Apts LP Mar Assoc LP (Frank Mar) Associates LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $5,575 $10,884 Revenues - $180 $735 Net Income (Loss) - ($260) ($590) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Funding Housing Investments Omicron Inc. Omicron Inc.
322 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MAS-WT LP (Washington Mason St Enterprises LP Mayacamas Village Assoc LP Terrace) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,906 $14 $6,413 Revenues $1,416 $2 $324 Net Income (Loss) ($348) $1 ($181) Ownership Interest(s): 99.00% by Edison Capital 1.00% by John Stewart 99.00% by MHICAL 94 LP Housing Partners VI LP Company
323 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: McFarland Press Assoc LP Mercantile Housing LLC Mercy Housing California (Mercantile Square) III LP (3rd & Reed) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,675 $20,042 $7,100 Revenues $227 $1,954 $402 Net Income (Loss) ($272) ($435) ($257) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Funding 99.00% by MHIFED 95 LP Omicron Inc. Omicron Inc.
324 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $4,608 $3,960 $10,573 Revenues $222 $254 $454 Net Income (Loss) ($145) ($112) ($289) 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
325 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Merrill Road Assoc LP Metro Senior Assoc LP MH I LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,812 $7,800 - Revenues $90 $344 - Net Income (Loss) ($99) ($231) - 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.
326 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MH II LP MH III LP MH IV LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - 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
327 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MH V LP MHIFED 94 LP MHICAL 94 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - 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.
328 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MHIFED 95 LP MHICAL 95 LP MHIFED 96 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - 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.
329 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MHIFED 96A LP MHICAL 96 LP MHIFED 97 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - 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
330 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 - $7,224 $2,884 Revenues - $810 $210 Net Income (Loss) - ($129) ($102) 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
331 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Mission Capp LP Mission Housing Investors Mission Housing Partnership Partnership 1996 LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,137 - - Revenues $412 - - Net Income (Loss) ($239) - - 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.
332 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Monterra Village Assoc LP Morgan Hill Ranch Housing Morrone Gardens Assoc LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,330 $12,033 $7,700 Revenues $226 $628 $640 Net Income (Loss) ($39) ($496) ($254) 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
333 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Mountainlands Housing Mountain View Apts LP Mountain View Townhomes Partners LP (Holiday Assoc LP Village Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $32 $3,233 Revenues - $2 $202 Net Income (Loss) - ($1) ($132) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XV LP Housing Partners VII LP Housing Partners VII LP 0.26% by John Stewart Company
334 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: MPT Apts LP (MacArthur NAHF Brockton LP National Boston Lofts Park) (Southfield Gardens) Assoc LLLP (Boston Lofts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,704 - $21,941 Revenues $925 - $2,149 Net Income (Loss) ($291) - ($300) Ownership Interest(s): 99.00% by MH IV LP 99.90% by Edison Capital 99.00% by Edison Capital Housing Partners XV LP Housing Investments
335 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Neary Lagoon Partners LP Northern Senior Housing North Park Village LLC LP (St. Johnsbury) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $9,368 - $2,332 Revenues $518 - $151 Net Income (Loss) ($336) - ($88) Ownership Interest(s): 99.00% by Edison Funding 99.9% by Edison Capital 99.00% by Edison Funding Omicron Inc. Housing Partners XV LP Omicron Inc.
336 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $692 $873 $569 Revenues $466 $270 $115 Net Income (Loss) ($486) ($215) ($96) 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
337 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Oakdale Terrace Leased Oceanside Gardens LP Ohlone Housing Assoc LP Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,885 $1,818 $13,604 Revenues $180 $90 $1,106 Net Income (Loss) ($36) ($57) ($479) 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
338 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Olive Court Apts LP OL Hope LP (Olympic Hope) Omaha Amber Ridge LP (Amber Ridge) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,566 - $6,107 Revenues $406 - $991 Net Income (Loss) ($278) $1 ($217) Ownership Interest(s): 98.90% by Edison Capital 99.90% by Edison Capital 99.00% by Edison Funding Housing Investments Housing Investments Omicron Inc. 0.1% by Mission Funding Omicron
339 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Ontario Senior Housing LP Open Door Assoc LP (West Osage Terrace LP (Ontario Plaza) Valley) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,979 $8,106 $826 Revenues $465 $459 - Net Income (Loss) ($332) ($147) ($0) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.89% by Edison Capital Housing Investments Omicron Inc. Housing Partners XII LP
340 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Oxnard Housing Assoc LP Pacific Terrace Assoc LP Pacifica Community Assoc LP (Villa Pacifica) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,000 $5,037 $14,045 Revenues $260 $209 $943 Net Income (Loss) ($81) ($256) ($370) Ownership Interest(s): 99.00% by MHIFED 96A LP 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners IX LP Housing Partners X LP
341 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Pajaro Court Assoc LP Palmer House LP Paradise Road Partners LP (Gateway Village) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,700 $1,743 $4,103 Revenues $81 $199 $242 Net Income (Loss) ($50) ($52) ($106) Ownership Interest(s): 99.00% by MHIFED 94 LP 99.00% by Edison Funding 99.00% by Edison Capital Omicron Inc. Housing Partners VII LP
342 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Park Land Senior Apts Park Place Terrace LP Park Place 1998, LLC Investors LP (Banducci) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,152 $9,487 $1,555 Revenues $34 $298 - Net Income (Loss) ($108) ($255) - Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.90% by Edison Capital Housing Partners XIII LP Housing Partners V LP Housing Partners XV LP
343 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Park Williams Partners LP Parkside Assoc LP Parkview Apts Assoc LP (Parkside Garden) (Parkview/ Sunburst) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $1,462 $6,012 $6,861 Revenues - $242 $218 Net Income (Loss) $1 ($173) ($3) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Corporations 99.90% by Edison Capital Housing Partners XV LP for Affordable Housing LP Housing Investments
344 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Parsonage Cottage Senior Patriots Pointe at Pecan Court Assoc LP Residence LP Colonial Hills LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,563 - $3,531 Revenues $1,319 - $16 Net Income (Loss) ($360) - ($50) Ownership Interest(s): 99.00% by Corporations 99.9% by Edison Capital 99.00% by Edison Capital for Affordable Housing LP Housing Partners XV LP Housing Investments II
345 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Pellettieri Homes Urban Persimmon Assoc LP Piedmont Housing Assoc Renewal Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,008 $5,254 $13,422 Revenues $295 $428 $2,042 Net Income (Loss) ($308) ($198) ($375) 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
346 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Pilot Grove LP Pines Housing LP Pines Housing II LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,193 $3,392 $2,106 Revenues $793 $360 $253 Net Income (Loss) ($650) ($69) ($79) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Corporations Housing Investments for Affordable Housing LP for Affordable Housing LP
347 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Pines Housing III LP Pinmore Assoc LP Pinole Grove Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,355 $6,771 $5,700 Revenues $263 $435 $396 Net Income (Loss) ($90) ($195) ($118) Ownership Interest(s): 99.00% by Corporations 99.00% by MHICAL 95 LP 99.00% by MHIFED 95 LP for Affordable Housing LP III
348 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Piper Court LP PlumTree Preservation LP Poco Way Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $709 - $19,020 Revenues $299 - $923 Net Income (Loss) ($100) - ($490) Ownership Interest(s): 50% by John Stewart 99.9% by Edison Capital 99.00% by MHIFED 96 LP Company Housing Partners XV LP
349 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Poinsettia Housing Post Office Plaza LP Preservation Properties I Associates LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $37,886 $3,278 Revenues - $9,457 $189 Net Income (Loss) - $210 ($15) Ownership Interest(s): 99.9% by Edison Capital 99.00% by Edison Capital 99.90% by Edison Capital Housing Partners XV LP Housing Investments Housing Partners XIV LP
350 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Preservation Properties Preservation Properties Preservation Properties II LP III LP IV LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,404 $1,733 $860 Revenues $228 $116 $62 Net Income (Loss) $81 $32 - Ownership Interest(s): 99.90% by Edison Capital 99.90% by Edison Capital 99.90% by Edison Capital Housing Partners XIV LP Housing Partners XIV LP Housing Partners XIV LP
351 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Preservation Properties V President John Adams Prince Bozzuto LP LP Manor Apts LP (Fairground Commons) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,781 $13,037 $9,720 Revenues $236 $1,941 $1,321 Net Income (Loss) ($5) ($451) ($364) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Mission Housing Housing Partners XIV LP Housing Partners XIII LP Investors Partnership
352 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Project Home I LLC Providence-Brown St PVA LP (Park Victoria) Housing LP (Brown St) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,876 $3,327 $6,321 Revenues - $67 $813 Net Income (Loss) ($22) ($21) ($147) Ownership Interest(s): 99.99% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Partners XV LP Housing Partners X LP Housing Partners IX LP
353 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Quebec Arms Apartments LP Rancho Park Assoc LP Red Lake LP #1 - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $8,000 $7,260 Revenues - $334 $46 Net Income (Loss) - ($284) ($110) Ownership Interest(s): 99.9% by Edison Capital 99.00% by Mission Housing 99.00% by Edison Capital Housing Investments Investors Partnership Housing Investments 0.05% by Edison Housing Alpha
354 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Reseda Village LP Richmond City Center Rincon De Los Esteros Assoc LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,100 $6,880 $31,435 Revenues $277 $391 $2,290 Net Income (Loss) ($67) ($250) ($1,011) Ownership Interest(s): 99.00% by MHIFED 96A LP 99.00% by Edison Funding 99.00% by MHICAL 94 LP Omicron Inc.
355 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Rittenhouse School LP Riverside/ Liebrandt River Walk Apts Homes LP Partners LP (La Playa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,451 $2,469 $3,314 Revenues $360 $83 $265 Net Income (Loss) ($187) ($90) ($112) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Funding 99.00% by Edison Capital for Affordable Housing LP Omicron Inc. Housing Partners V LP II
356 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Riverwalk Apts, Ltd Roebling Village Inn Rosebloom Assoc LP (Colorado) Urban Renewal LP (Oakshade) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $10,275 $2,425 $2,980 Revenues $504 $60 $179 Net Income (Loss) ($250) ($80) ($104) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Funding Housing Partners XIII LP Omicron Inc. Omicron Inc.
357 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Rosecreek Senior Living LP Round Walk Village Apts LP Rowland Heights Preservastion LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,962 $14,400 - Revenues $111 $906 - Net Income (Loss) ($394) ($455) - Ownership Interest(s): 99.90% by Edison Capital 99.00% by MHIFED 96A LP 99.9% by Edison Capital Housing Partners XIII LP Housing Partners XIV LP
358 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $14,000 $9,706 $4,110 Revenues $122 $783 $152 Net Income (Loss) ($118) ($160) ($113) 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
359 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: San Juan Commons 1996 LP San Martin de Porres LP San Pablo Senior Housing Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,178 $2,990 $3,939 Revenues $116 - $331 Net Income (Loss) ($395) ($12) ($149) 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.
360 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $2,800 $8,300 $2,543 Revenues $128 $722 $157 Net Income (Loss) ($145) ($176) ($70) 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
361 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (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 $8,565 $7,772 $2,802 Revenues $859 - $59 Net Income (Loss) ($222) $126 ($69) Ownership Interest(s): 99.00% by Edison Funding 99.90% by Edison Capital 99.00% by Edison Capital Omicron Inc. Housing Partners XV LP Housing Investments
362 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: SD Regency Centre LP Sea Ranch Apts LP Seasons Affordable Senior Housing LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $2,540 $6,000 Revenues - $186 $442 Net Income (Loss) - ($92) ($265) Ownership Interest(s): 99.9% by Edison Capital 99.00% by Mission Housing 99.00% by MHIFED 96 LP Housing Investments Investors Partnership
363 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Second St Center LP Serena Sunbow LP (Villa Sherman Glen, LLC Serena) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,100 $5,047 $6,185 Revenues $277 - $678 Net Income (Loss) ($159) - ($118) Ownership Interest(s): 99.00% by MHIFED 95 LP 99.90% by Edison Capital 99.00% by Edison Capital Housing Partners XV LP Housing Partners IX LP
364 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Shiloh Arms LP Silver City Housing LP Silver Lake Properties LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7 $6,124 $2,601 Revenues $7 $1,214 $222 Net Income (Loss) $1 ($175) ($75) Ownership Interest(s): 1%GP/9.8%LP by John 99.00% by Corporations 99.00% by Edison Capital Stewart Company for Affordable Housing LP Housing Partners VI LP II
365 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Sky Parkway Housing Assoc Smyrna Gardens Assoc LP Solinas Village Partners LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $7,813 $3,651 $4,300 Revenues $391 $304 $242 Net Income (Loss) ($219) ($196) ($152) Ownership Interest(s): 99.00% by MHICAL 96 LP 99.00% by Corporations 99.00% by MHIFED 95 LP for Affordable Housing LP
366 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: South 55th St LP South Beach Housing Assoc South Winery Assoc LP LP (Steamboat Point) (The Winery Apts) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,593 $13,091 $6,144 Revenues $157 $720 $997 Net Income (Loss) ($34) ($385) ($483) Ownership Interest(s): 99.00% by Corporations 99.00% by Edison Funding 99.00% by Edison Funding for Affordable Housing LP Omicron Inc. Omicron Inc. II
367 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Southern Hotel LP Springdale Kresson Assoc Springdale Preservation LP (Jewish Federation) LP (Springdale West) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $7,800 $25,485 Revenues - $515 $1,545 Net Income (Loss) - ($434) ($533) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Mission Housing 99.90% by Edison Capital Housing Investments Investors Partnership Housing Partners XIV LP
368 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Spring Valley Commons Stevenson Housing Assoc St. Hedwigs Gardens (Park Vista) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,608 $6,484 $3,869 Revenues $482 $480 $215 Net Income (Loss) ($226) ($439) ($142) Ownership Interest(s): 99.00% by Corporations 99.00% by Corporations 99.00% by Edison Capital for Affordable Housing LP for Affordable Housing LP Housing Partners V LP III III
369 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: St. John's LP St. Regis Park LP (Pear Stoney Creek Assoc LP Tree) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $254 - $9,241 Revenues $305 - $433 Net Income (Loss) $21 - ($432) Ownership Interest(s): 1%GP/19.6%LP by John 99.9% by Edison Capital 99.00% by Edison Funding Stewart Company Housing Partners XV LP Omicron Inc.
370 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Stony Point Apt Investors Strobridge Housing Assoc Studebaker Building LP LP (Panas Place) LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $11,055 $19,716 $2,953 Revenues $367 $628 $253 Net Income (Loss) ($39) ($392) ($122) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Partners XI LP Housing Partners IX LP Omicron Inc.
371 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Sultana Acres Assoc LP Sunset Creek Partners LP Sunshine Terrace LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,511 $8.517 $8,528 Revenues $140 $518 $320 Net Income (Loss) ($117) ($306) ($298) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHICAL 95 LP 99.00% by Edison Capital Omicron Inc. Housing Partners V LP
372 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Tabor Grand LP Terra Cotta Housing Assoc The IBEX Group GP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,305 $13,939 $170 Revenues $226 - - Net Income (Loss) ($109) - $37 Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 10.00% by John Stewart Housing Investments Housing Investments Company
373 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Thomson Rental Housing LP Three Oaks Housing LP Tierra Linda Assoc LP (Washington Place) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,175 $4,500 $3,000 Revenues $171 $318 $144 Net Income (Loss) ($88) ($203) ($84) Ownership Interest(s): 99.00% by Edison Funding 99.00% by MHIFED 95 LP 99.00% by MHIFED 94 LP Omicron Inc.
374 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Timber Sound, Ltd Timber Sound II, Ltd Tioga Gardens LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,407 $10,891 $4,165 Revenues $519 $1,027 $212 Net Income (Loss) ($52) ($90) ($120) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Corporations Housing Partners X LP Housing Partners X LP for Affordable Housing LP
375 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Tlaquepaque Housing Assoc Trinity Park Apts LP Trolley Terrace Townhomes LP LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,200 $2,941 $2,878 Revenues $368 $126 $69 Net Income (Loss) ($184) ($154) ($98) 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 IX LP
376 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Tuscany Assoc LP (Tuscany Twin Ponds Apts LP Union Meadows Apts Villa) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,896 $10,615 $5,535 Revenues $226 $396 $252 Net Income (Loss) ($158) ($220) ($360) Ownership Interest(s): 99.00% by Edison Funding 99.00% by Edison Capital 99.00% by Edison Capital Omicron Inc. Housing Partners XIII LP Housing Partners V LP
377 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: University Manor University Park Upland Senior Housing LP Apartments LP Properties LP (Coy D. Estes) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $3,688 $6,303 Revenues - $157 $648 Net Income (Loss) - ($303) ($201) Ownership Interest(s): 99.9% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Capital Housing Investments Housing Partners VI LP Housing Partners VI LP 0.05% by Mission Housing Alpha
378 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Venbury Trail LP Villa Maria Housing Village East Apts LP Partnership - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $5,798 $4,578 $17 Revenues $655 $167 $24 Net Income (Loss) ($275) ($261) $3 Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Funding 3% by John Stewart Company Housing Partners X LP Omicron Inc.
379 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Vine St Court LP Vine St Court LP II Virginia Lane LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,300 $900 - Revenues $248 $73 - Net Income (Loss) ($117) ($37) - Ownership Interest(s): 99.00% by MHIFED 96A LP 99.00% by MHIFED 96A LP 99.90% by Edison Capital Housing Investments
380 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Vista Properties LLC Vista Sonoma Senior Vista Verde Housing (Vista View) Living LP Associates LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,004 $13,975 $3,320 Revenues $501 - $130 Net Income (Loss) ($354) $367 ($99) Ownership Interest(s): 99.00% by Edison Capital 99.90% by Edison Capital 99.9% by Edison Capital Housing Partners VI LP Housing Partners XV LP Housing Investments
381 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Vista Verde Townhomes II W.M. Housing Assoc LP Walden Pond Ltd LP LLC (Williamsport Manor (Hamlet) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $5,783 $20,426 Revenues - $778 $2,061 Net Income (Loss) - ($4) ($369) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Corporations 99.00% by Corporations Housing Partners VI LP for Affordable Housing LP for Affordable Housing LP II
382 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Wall Street Palmer House Walnut Ave Partnership LP Washington Creek Assoc LP LP (Palmer Hotel) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,255 $5,025 $3,616 Revenues $388 $337 $206 Net Income (Loss) ($145) ($44) ($131) Ownership Interest(s): 99.00% by Edison Capital 99.00% by Edison Capital 99.00% by Edison Funding Housing Partners XI LP Housing Partners IX LP Omicron Inc.
383 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: West Capital Courtyard LP Westfair LLC (Cedar Ridge) Westfield Condominium Investment LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $6,238 - $1,491 Revenues $310 - $304 Net Income (Loss) ($183) - $53 Ownership Interest(s): 99.00% by MHICAL 94 LP 99.90% by Edison Capital 98.99% by Edison Capital Housing Partners XV LP Housing Investments 0.01% by Mission Funding Theta
384 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Westgate Townhomes Assoc West Oaks Apts LP Westport Village Homes LP Assoc LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,606 $9,673 $1,192 Revenues $215 $139 $124 Net Income (Loss) ($150) ($139) ($32) Ownership Interest(s): 99.00% by MHICAL 96 LP 99.90% by Edison Capital 99.00% by Edison Funding Housing Partners XII LP Omicron Inc.
385 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: West Valley Hart LP (Hart Wheeler Manor Assoc LP White Mountain Apache & Alabama) Housing - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,015 $11,338 $1,889 Revenues $4 $657 $54 Net Income (Loss) $21 ($340) ($98) Ownership Interest(s): 99.90% by Edison Capital 99.00% by Edison Funding 99.00% by Edison Capital Housing Investments Omicron Inc. Housing Investments
386 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Wilmington Housing Assoc Windrush Apartments of Winfield Hill Assoc LP LP (New Harbor Vista) Statesville LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $8,351 - $19,420 Revenues - - $1,112 Net Income (Loss) $5 - ($563) Ownership Interest(s): 99.90% by Edison Capital 99.9% by Edison Capital 99.00% by MHICAL 94 LP Housing Partners XI LP Housing Partners XV LP
387 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Wingate LLC (Regency Park) Winnsboro Apts LP (Deer Women's Westlake LP Wood) (Dorothy Day) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $3,273 $3,663 $4,649 Revenues - $308 $102 Net Income (Loss) - ($219) ($2) Ownership Interest(s): 99.9% by Edison Capital 99.00% by Corporations 99.00% by Edison Capital Housing Partners XV LP for Affordable Housing LP Housing Partners XIII LP II
388 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: Residences LP Woodhaven Woodland Arms Apts, Ltd Woodleaf Village LP Senior (Willow Creek) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $20 $1,711 $5,807 Revenues $4 $923 $278 Net Income (Loss) $3 ($742) ($322) 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
389 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 2000 (In thousands)
Name of Entity: WPA/Edison LLC (Pier A) Yale Street LP YWCA Villa Nueva Partners - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $6,906 $8,372 Revenues - $289 $312 Net Income (Loss) - ($297) ($254) 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.
390 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Adams Campus Ltd AIG Asian Infrastructure AIG Emerging Europe (Clarendon College) Fund II LP Infrastructure Fund LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $43,005 $986 Revenues - $430 $1 Net Income (Loss) - $12,315 ($251) Ownership Interest(s): 25% by Edison Capital 5.80% by Edison Capital 18.05% by Edison Capital (Netherlands) Investments Latin American Latin American BV Investments (Bermuda) Ltd. Investments (Bermuda) Ltd.
391 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: AIG Emerging Europe AIG-GE Capital Latin Barr Castlehill Holdings Infrastructure Management American Infrastructure Ltd LP Fund LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $4,895 $33,261 - Revenues $5 $477 - Net Income (Loss) ($1,052) ($1,207) - Ownership Interest(s): 23.60% by Edison Capital 8.00% by Edison Capital 22.05% by Edison Capital Latin American Latin American (Netherlands) Investments Investments (Bermuda) Ltd. Investments (Bermuda) Ltd. B.V.
392 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Catchment Highland Ltd Compania Adminstradora de Covesea Limited (Highland Project) Empresas Bolivia SA (Lossiemouth Project) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 16.67% by Edison Capital 12.55% by Edison Capital 16.67% by Edison Capital (Netherlands) Investments International (Bermuda) (Netherlands) Investments B.V. Ltd. B.V.
393 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Equity Dumfries and Galloway Electricidad de La Paz, Empresa de Servicios Royal Infirmary S.A. (Electropaz) Edeser S.A. (Edesar) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 19.9% by Edison Capital 10% by Edison Capital 12.55% by Edison Capital (Netherlands) Investments International (Bermuda) International (Bermuda) B.V. Ltd. Ltd.
394 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Equity Empresa de Luz y Fuerza EPZ Mission Funding Mu EPZ Mission Funding Nu Electrica de Oruro SA Trust Trust (Elfeo) - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 12.55% by Edison Capital 100% by Mission Funding Mu 100% by Mission Funding Nu International (Bermuda) Ltd.
395 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Equity Fiddler's Ferry and GEM Energy Company GH Bodmin (Holdco) Limited Ferrybridge Power Plants - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 33% by Edison Capital 50.00% by Mission Funding 9.8% by Edison Capital (Netherlands) Investments Epsilon (Netherlands) Investments B.V. B.V.
396 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: HpC King's College Huntington LP Kinnoul House Ltd (Perth Hospital (Holdings) Project) Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $103,738 - Revenues - $8,051 - Net Income (Loss) - $1,335 - Ownership Interest(s): 20.00% by Edison Capital 50.00% by Mission Funding 25% by Edison Capital (Netherlands) Investments Zeta (Netherlands) Investments B.V. B.V.
397 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Lakota Ridge LLC Lyonnaise Latin America Morrison Edison Water Corporation Ltd. Investments Ltd - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $14,873 - - Revenues $783 - - Net Income (Loss) ($2,366) - - Ownership Interest(s): 75.00% by Mission Funding 25.8% by Edison Capital 50% by Edison Capital Zeta International (Bermuda) (Netherlands) Investments Ltd B.V.
398 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Newham Community Olmeca Cable Investments Road Link (A69) Ltd Healthcare Services NHS Ltd. Trust - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Ownership Interest(s): 9.8% by Edison Capital 21.7% by Edison Capital 9.12% by Edison Capital (Netherlands) Investments International (Bermuda) (Netherlands) Investments B.V. Ltd. B.V.
399 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Shaokatan Hills LLC St George's Hospital St. Mary's Wing of Luton and Dunstable Hospital - ---------------------------------------- ---------------------------- --------------------------- ---------------------------- Equity Interest: Assets $16,964 - - Revenues $863 - - Net Income (Loss) ($2,666) - - Ownership Interest(s): 75.00% by Mission Funding 80% by Edison Capital 20.8% by Edison Capital Zeta (Netherlands) Investments (Netherlands) Investments B.V. B.V.
400 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Storm Lake Power Partners Summit Holdings (Law) Trinidad and Tobago Limited (Law Hospital) Methanol Company Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $186,532 - - Revenues $7,265 - - Net Income (Loss) ($31,630) - - Ownership Interest(s): 99.00% by Mission Iowa 8.33% by Edison Capital 1.0% by Edison Capital Wind Company (Netherlands) Investments LAI (Bermuda) Ltd. B.V.
401 Edison Capital Equity Investments December 31, 2000 (In thousands)
Name of Entity: Wansbeck General Hospital Woodstock Hills LLC for the Northumbria Health Care NHS Trust - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $12,272 - Revenues - $878 - Net Income (Loss) - ($1,970) - Ownership Interest(s): 19.22% by Edison Capital 75.00% by Mission Funding (Netherlands) Investments Zeta B.V.
Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Associated Calabasas Carol Stream Southern Palatino, Inc. Developers G.P. Investment Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,168 - $2 Receivables - net 7,707 $1,045 1,850 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 8,875 1,045 1,852 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 4 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments (870) (1,786) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,009 ($741) $1,852 ============================================================= ==================== ==================== ====================
403 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $233 - - Receivables - net 3,007 $349 $50,434 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - 56 - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,240 405 50,434 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 17,238 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 17,238 - (50) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $20,478 $405 $50,384 ============================================================= ==================== ==================== ====================
404 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $2,044 - Receivables - net - 3,636 $410 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - 222 Trading and price risk management assets - - - Prepayments and other current assets - - 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 5,680 641 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 50,965 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 50,965 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - 397 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 397 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $57,042 $641 ============================================================= ==================== ==================== ====================
405 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $595 Receivables - net $382 $88 1,348 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - (156) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 382 88 1,787 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 43,799 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 43,799 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - - 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $382 $88 $45,596 ============================================================= ==================== ==================== ====================
406 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4,208 $1 $8,251 Receivables - net 84,966 (153,754) 1,468 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net 2,623 (2,901) - Trading and price risk management assets - - - Prepayments and other current assets 154 2 9 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 91,951 (156,652) 9,728 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (37,470) (2,071) 72,465 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments 117,818 (115,112) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 80,348 (117,183) 72,465 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - 17,427 17,834 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 17,427 17,834 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $172,299 ($256,408) $100,027 ============================================================= ==================== ==================== ====================
407 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $1,728 $309 - Accrued taxes 752 - ($2) Accrued interest - 116 - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 2,480 425 (2) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net 699 51 - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (46) 957 (3,873) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 653 1,008 (3,873) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock of utility: 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 3,635 (2,174) 5,727 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 4,876 (2,174) 5,727 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,009 ($741) $1,852 ================================================================= ===================== ==================== ====================
408 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $305 ($9,611) $6,331 Accrued taxes 91 14 (5) Accrued interest 384 430 842 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 412 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 780 (9,167) 7,580 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (266) 1,367 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 4,994 3,044 (937) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 4,994 2,778 430 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 44,756 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 14,704 6,794 (2,383) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 14,704 6,794 42,374 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $20,478 $405 $50,384 ================================================================= ===================== ==================== ====================
409 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $15 $19,796 Accrued taxes - (23) (127) Accrued interest - 5,565 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 263 10 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 1 5,820 19,679 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (6,053) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 26,685 8 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities - 26,685 (6,045) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock of utility: 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 - - (12,637) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1) 24,537 (356) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity ($1) 24,537 (12,993) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $57,042 $641 ================================================================= ===================== ==================== ====================
410 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $866 Accrued taxes ($9) - (129) Accrued interest - - 1,404 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities (9) 729 2,141 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net 300 186 1 Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 72 13,344 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 300 258 13,345 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock of utility: 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 92 (899) 30,110 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 92 (899) 30,110 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $383 $88 $45,596 ================================================================= ===================== ==================== ====================
411 Mission Land Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $57,596 ($77,489) $576 Accrued taxes 2,259 (2,809) 12 Accrued interest - (8,741) - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 770 (420) 1,035 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total current liabilities 60,625 (89,459) 1,623 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Long-term debt - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Accumulated deferred income taxes - net (8,665) 12,380 - Accumulated deferred investment tax credits - - - Customer advances and other deferred Credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 27,016 (61,561) 9,703 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total deferred credits and other liabilities 18,351 (49,181) 9,703 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Minority Interest - - - - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Preferred stock of utility: 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 52,581 3,053 88,993 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 40,742 (120,820) (292) - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total common shareholders' equity 93,323 (117,769) 88,701 - ----------------------------------------------------------------- --------------------- -------------------- -------------------- Total liabilities and shareholders' equity $172,299 ($256,409) $100,027 ================================================================= ===================== ==================== ====================
412 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Associated Calabasas Palatino, Carol Stream Southern Inc. (Inactive) Developers G.P. Investment Company - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $1,674 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue 1,674 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes 3 - $8 Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses 3 - 8 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income 1,671 - (8) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Interest and dividend income - - - Other nonoperating income (deductions) - net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income (loss) before taxes 1,671 - (8) Income taxes 681 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income 990 - (8) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - beginning of year 2645 ($2,174) 5,735 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $3,635 ($2,174) $5,727 ================================================================ ==================== ===================== ====================
413 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Centrelake Irwindale Land Mission Airport Partners LP Company (Inactive) Park Development Company - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $759 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue 759 - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 730 - $2 Depreciation, decommissioning and amortization - - - Property and other taxes 171 - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses 901 - 2 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income (142) - (2) Interest and dividend income - - - Other nonoperating income (deductions) - net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes (142) - (2) Income taxes 1 - (1) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income (143) - (1) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - beginning of year 14,847 $6,794 (2,382) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $14,704 $6,794 ($2,383) ================================================================ ==================== ===================== ====================
414 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Industrial Mission-Oceangate Mission/ Ontario, Constructors, Inc. Inc. (Inactive) (Inactive) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $3,406 - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue - 3,406 - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 562 - Depreciation, decommissioning and amortization - 239 - Property and other taxes - 731 - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses - 1,532 - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income - 1,874 - Interest and dividend income - 77 - Other nonoperating income (deductions) - net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes - 1,951 - Income taxes - - $42 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income - 1,951 (42) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - beginning of year ($1) 22,586 (314) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year ($1) $24,537 ($356) ================================================================ ==================== ===================== ====================
415 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission South Bay Mission Texas Mission Vacaville Company (Inactive) Property Holdings, LP Inc. (Inactive) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $717 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue - - 717 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 466 Depreciation, decommissioning and amortization - - 212 Property and other taxes - - 1,262 Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses - - 1,940 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income - - (1,223) Interest and dividend income - - 11 Other nonoperating income (deductions) - net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes - - (1,212) Income taxes - - 1 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income - - (1,213) - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - beginning of year $92 ($931) 31,323 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $92 ($931) $30,110 ================================================================ ==================== ===================== ====================
416 Mission Land Company and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Land Consolidating Mission Land Company Adjustments Company Consolidated - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $1,110 - $7,666 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating revenue 1,110 - 7,666 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3,684 - 5,444 Depreciation, decommissioning and amortization - - 451 Property and other taxes 24 - 2,199 Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Total operating expenses 3,708 - 8,094 - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Operating income (2,598) - (428) Interest and dividend income 270 $70 428 Other nonoperating income (deductions) - net 70 (70) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Income before taxes (2,258) - - Income taxes (724) - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Net income (1,534) - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - beginning of year 42,276 (118,663) 1,833 Dividends declared on common stock - (2,125) (2,125) Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- --------------------- -------------------- Retained earnings - end of year $40,742 ($120,788) ($292) ================================================================ ==================== ===================== ====================
417 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $12 - ============================================================= ==================== ==================== ====================
418 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 - - ============================================================= ==================== ==================== ====================
419 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 Regulatory liabilities - net - - - Trading and price risk management liabilities - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 8,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 8,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - ============================================================= ==================== ==================== ====================
420 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 liabilities - net - - - Trading and price risk management liabilities - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 8,701 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,701 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - ============================================================= ==================== ==================== ====================
421 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Associated Mission Power Consolidating Southern Engineering Company Adjustments Engineering Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $109 - Depreciation, decommissioning and amortization - - - Property and other taxes - 1 - Net gain on sale of utility plant - 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 122 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (122) - Other utility Operating income (loss)-net - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - 1,004 - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 882 - Income taxes - 113 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 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 ============================================================= ==================== ==================== ====================
422 Mission Power Engineering Company and Subsidiaries [Tier 3] Consolidating Statements of Income (Loss) and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Power Engineering Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $109 - - Depreciation, decommissioning and amortization 1 - - Property and other taxes 12 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 122 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (122) - - Interest and dividend income - - - Other nonoperating income (deductions)-net 1,004 - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 882 - - Income taxes 113 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5 11 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 12,641 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 12,641 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5 $12,652 - ============================================================= ==================== ==================== ====================
424 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
425 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 $2 Receivables - net - 329 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 92 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 422 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 113,239 23,973 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 113,239 23,973 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 474 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 474 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $114,135 $23,975 ============================================================= ==================== ==================== ====================
426 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
427 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
428 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Crescent Valley Del Mar Energy Delaware Energy Energy Company Company Conservers, Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $151 - Receivables - net - 1 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 6,045 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 6,045 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $6,206 - ============================================================= ==================== ==================== ====================
429 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Desert Sunrise Devereaux Energy Eastern Sierra Energy Company Company Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net - - 89 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 90 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 16,075 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 16,075 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $16,165 ============================================================= ==================== ==================== ====================
430 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
East Maine Energy Edison Alabama Edison Mission Company (Inactive) Generating Company Development, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - $37,220 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 37,220 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $37,220 ============================================================= ==================== ==================== ====================
431 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Funding Energy Global Consolidated Corp. Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Cash and equivalents $4 - $5,799 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 5,799 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 43,549 - (119,267) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 43,549 - (119,267) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - $34,860 9,594 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 34,860 9,594 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $43,553 $34,860 ($103,874) ============================================================= ==================== ==================== ====================
432 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Energy Services, Fuel Resources, Ltd. Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 833 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $360 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 360 833 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $360 $834 - ============================================================= ==================== ==================== ====================
433 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Marketing & Holdings Co. Transportation, Trading, Inc. Consolidated Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $65,205 $19,124 Receivables - net - 313,560 138 Fuel inventory - - 14,493 Materials and supplies, at average cost - - 26,363 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 482,392 2,620 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 861,157 62,738 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 8,143 1,954,003 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 9 1 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 8,152 1,954,004 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 96,063 11,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 96,063 11,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $965,372 $2,028,033 ============================================================= ==================== ==================== ====================
434 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission El Dorado Energy Operation & Project Co. Company Maintenance, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $389 - - Receivables - net 4,915 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 11 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,315 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 9 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $558,347 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 9 558,347 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 36 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 36 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,360 $558,347 - ============================================================= ==================== ==================== ====================
435 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Eastern EMP Inc. (Inactive) Four Counties Gas Holdings Co. Company (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $17,107 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 17,107 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $17,107 - - ============================================================= ==================== ==================== ====================
436 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Global Power Hanover Energy Holtsville Energy Investors, Inc. Company Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $8 - Receivables - net - 19 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 27 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 11,654 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 11,654 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $11,681 - ============================================================= ==================== ==================== ====================
437 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
438 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
439 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
440 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Madera Energy Madison Energy Midwest Generation Company Company EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 $18,520 Receivables - net - - 5,766 Fuel inventory - - 38,677 Materials and supplies, at average cost - - 15,452 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 6,551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1 84,966 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 3,937,369 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 30,493 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 30,493 3,937,369 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 24,825 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 24,825 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $30,494 $4,047,160 ============================================================= ==================== ==================== ====================
441 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Midwest Peaker Mission Capital LP Mission Del Cielo Holdings, Inc. Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net $4,381 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,381 - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 52,071 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 52,071 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 255,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 255,000 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $259,381 - $52,072 ============================================================= ==================== ==================== ====================
442 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Generation, Inc. (Inactive) Services, Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $5,537 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 5,537 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $5,537 - ============================================================= ==================== ==================== ====================
443 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings, Inc. Holdings Indonesia International Inc. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $734,096 - Receivables - net - 186,506 - Fuel inventory - 154,621 - Materials and supplies, at average cost - 30,258 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 30,179 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1,135,660 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 5,237,056 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1) 1,267,886 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (1) 6,504,942 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 5,260 369,066 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 5,260 369,066 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,259 $8,009,668 - ============================================================= ==================== ==================== ====================
444 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Mission Energy New Mission Energy Mexico (Inactive) York, Inc. Wales Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $119 - Receivables - net - 32 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - $851 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 151 851 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 95,361 215,164 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 95,361 215,164 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $95,512 $216,015 ============================================================= ==================== ==================== ====================
445 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
446 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
447 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Paradise Energy Pleasant Valley Prince George Company (Inactive) Energy Company Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 $12 Receivables - net - - 22 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 19,980 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 19,980 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $1 $20,014 ============================================================= ==================== ==================== ====================
448 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Quartz Peak Energy Rapidan Energy Reeves Bay Energy Company Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $7 - Receivables - net $5 4 - Fuel inventory - - - Materials and supplies, at average cost 1 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 46 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 52 11 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 13,207 650 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 13,207 650 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $13,259 $661 - ============================================================= ==================== ==================== ====================
449 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Ridgecrest Energy Rio Escondido Riverport Energy Company Energy Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
450 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
San Gabriel Energy San Joaquin Energy San Juan Energy Company (Inactive) Company Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $9 - Receivables - net $1,324 23 $4 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 54 30 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,324 86 34 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 62,145 27,981 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 62,145 27,981 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,324 $62,392 $28,015 ============================================================= ==================== ==================== ====================
451 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
452 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets 14 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 15 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 10,063 - ($1) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 10,063 - (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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $10,078 - ($1) ============================================================= ==================== ==================== ====================
453 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
South Coast Energy Southern Sierra Thorofare Energy Company Energy Company Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $7 $2 - Receivables - net 18 18 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 69 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 25 89 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 30,459 56,395 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 30,459 56,395 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 266 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 266 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $30,484 $56,750 - ============================================================= ==================== ==================== ====================
454 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Viejo Energy Vista Energy Western Sierra Company Company (Inactive) Energy Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1 - $23 Receivables - net - - 8 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 9 - 86 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10 - 117 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 13,063 - 71,406 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 13,063 - 71,406 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 347 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 347 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $13,073 - $71,870 ============================================================= ==================== ==================== ====================
455 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $119,377 ($4) $962,865 Receivables - net 152,401 2,551 672,114 Fuel inventory - - 207,791 Materials and supplies, at average cost - (1) 72,073 Accumulated deferred income taxes - net - - - Trading and price risk management assets - 251,524 251,524 Prepayments and other current assets 4,690 (487,024) 40,688 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 276,468 (232,954) 2,207,055 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 26,574 (1,351,934) 9,864,124 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 6,884,334 (7,400,263) 2,087,592 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,910,908 (8,752,197) 11,951,716 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 13,877 (20) 858,320 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 13,877 (20) 858,320 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,201,253 ($8,985,171) $15,017,091 ============================================================= ==================== ==================== ====================
456 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 ($30,949) $1,788 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (30,949) 1,788 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 31,860 1,776 ($53) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 31,860 1,776 (53) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 7,867 7,693 41 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (8,773) 1,395 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (906) 9,088 $53 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5 $12,652 - ============================================================= ==================== ==================== ====================
457 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($4) - ($5) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (4) - (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 14 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (10) - (9) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $4 - $5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
458 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accounts payable ($52) $40,903 $4,299 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (52) 40,903 4,299 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 52 22,634 13,636 Accumulated deferred investment tax credits - 7,140 1,895 Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $52 29,774 15,531 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 29,742 4,145 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 43,458 4,145 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $114,135 $23,975 ============================================================= ==================== ==================== ====================
459 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 ($43) ($1) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (43) (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 43 1 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $43 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 1,518 $142 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - ($1,518) ($142) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
460 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $4 $6 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings ($6) ($4) ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
461 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Crescent Valley Del Mar Energy Delaware Energy Energy Company Company Conservers, Inc. (Inactive) (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $41 $1,157 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - Deferred unbilled revenue - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 41 1,157 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (38) 2,150 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (38) 2,150 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 814 3,817 $2 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (817) (919) ($2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($3) 2,899 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $6,206 - ============================================================= ==================== ==================== ====================
462 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Desert Sunrise Devereaux Energy Eastern Sierra Energy Company Company Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $2,421 $2,308 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 2,421 2,308 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($9) 4,004 1,932 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (9) 4,004 1,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 9,153 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 5 (6,425) 2,772 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $9 ($6,425) 11,925 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $16,165 ============================================================= ==================== ==================== ====================
463 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
East Maine Energy Edison Alabama Edison Mission Company (Inactive) Generating Company Development, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $37,220 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings ($8) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 37,220 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $37,220 ============================================================= ==================== ==================== ====================
464 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Funding Energy Global Consolidated Corp. Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - Current portion of long-term debt - $39,864 - Accounts payable $58,571 (291,618) $2,690 Accrued taxes - - (1,008) Accrued interest - 6,712 - Dividends payable - - 5,558 Regulatory liabilities - net - - - Trading and price risk management liabilities - - Deferred unbilled revenue Other current liabilities 739 5 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 59,310 (245,037) 7,260 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 279,897 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7,406) - 49 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7,406) - 49 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - Company-obligated mandatorily redeemable securities of subsidiaries holding - - solely parent company debentures - - 176,760 Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - 176,760 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 1 - - Additional paid-in capital 27,054 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (7,389) Unrealized gain in equity securities-net - - Retained earnings (35,406) - (280,554) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (8,351) - (287,943) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $43,553 $34,860 ($103,874) ============================================================= ==================== ==================== ====================
465 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Energy Services, Fuel Resources, Ltd. Inc. Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $42 $135 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 42 135 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 315 910 - Accumulated other comprehensive income: Cumulative translation adjustments - net (53) - - Unrealized gain in equity securities-net - - Retained earnings 56 (210) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 318 700 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $360 $834 - ============================================================= ==================== ==================== ====================
466 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Transpor- Marketing & Holdings Co. tation, Inc. Trading, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $808,429 ($67,686) Accrued taxes - 1,560 5 Accrued interest - - 19,459 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - Other current liabilities - 18,895 32,195 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 828,884 (16,027) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 100 1,012,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 1,240 62,074 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 469 Accumulated provision for pension and benefits - - - Other long-term liabilities - 58,016 17,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 59,256 80,168 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 60,190 925,609 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - 16,942 26,282 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 77,132 951,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $965,372 $2,028,033 ============================================================= ==================== ==================== ====================
467 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission El Dorado Energy Operation & Project Co. Company Maintenance, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($20,864) - $273 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities 7,379 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (13,485) - 273 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (2,137) - (1,542) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (2,137) - (1,542) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 13,946 $558,347 9,216 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 7,036 - (7,947) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 20,982 558,347 $1,269 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,360 $558,347 - ============================================================= ==================== ==================== ====================
468 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Eastern EMP, Inc. Four Counties Gas Holdings Co. (Inactive) Company (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($195) ($8,230) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (195) (8,230) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (13) 4,950 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (4,950) - Accumulated provision for pension and benefits - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (13) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 16,870 480 $6 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 445 (1,050) ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 17,315 $8,230 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $17,107 - - ============================================================= ==================== ==================== ====================
469 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Global Power Hanover Energy Holtsville Energy Investors, Inc. Company Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $449 ($168) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 449 (168) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 6,716 169 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 6,716 169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 3,879 896 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - 637 (897) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 4,516 ($1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $11,681 - ============================================================= ==================== ==================== ====================
470 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($38) ($23) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (38) (23) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 38 23 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $38 $23 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
471 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($1,259) ($1,324) - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,259) (1,324) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 685 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,259 687 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities $1,259 687 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 1,695 $6 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (1,743) ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - ($48) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
472 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration (Inactive) Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - ($1,674) - Accumulated deferred investment tax credits - 6 - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1,668) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 10,227 $5 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings ($6) (8,559) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - $1,668 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
473 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Madera Energy Madison Energy Midwest Generation Company Company EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $1,225 ($1,841,175) Accrued taxes - - (5) Accrued interest - - 21,633 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - Deferred unbilled revenue - - - Other current liabilities - - 176,296 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 1,225 (1,643,251) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,923,072 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($5) 6,183 60,773 Accumulated deferred investment tax credits - - 12,868 Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 181,949 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (5) 6,183 255,590 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 21,920 2,512,612 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9) 1,166 (863) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $5 23,086 2,511,749 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $30,494 $4,047,160 ============================================================= ==================== ==================== ====================
474 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Midwest Peaker Mission Capital LP Mission Del Cielo, Holdings, Inc. Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $3,708 ($154,639) $25,013 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - Deferred unbilled revenue - - - Other current liabilities - (1) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,708 (154,640) 25,014 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (171) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (171) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (1) 2 Additional paid-in capital 250,181 4,641 27,056 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 5,663 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 255,844 $4,640 27,058 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $259,381 - $52,072 ============================================================= ==================== ==================== ====================
475 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Generation, Inc. (Inactive) Services, Inc. (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $16 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - Deferred unbilled revenue - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 16 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net $1 693 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferr ed credits & other liabilities 1 693 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,842 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (3) (14) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) 4,828 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $5,537 - ============================================================= ==================== ==================== ====================
476 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings, Inc. Holdings Indonesia International Inc. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $28,714 - Current portion of long-term debt - 1,154,709 - Accounts payable ($88) 92,273 - Accrued taxes - 44,102 - Accrued interest - 88,700 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 123,130 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (88) 1,531,628 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 1,919,004 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 286 1,080,071 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 460,011 - Accumulated provision for pension and benefits - Other long-term liabilities - 61,207 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 286 1,601,289 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 161,284 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding - solely parent company debentures - 176,760 - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 176,760 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 420,753 - Additional paid-in capital 6,267 1,796,244 $6 Accumulated other comprehensive income: Cumulative translation adjustments - net - (149,449) - Unrealized gain in equity securities-net - - - Retained earnings (1,206) 552,155 ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,061 2,619,703 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,259 $8,009,668 - ============================================================= ==================== ==================== ====================
477 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - $113,023 ($80,263) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - 280 - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 113,303 (80,263) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net $5 24,704 196,273 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 5 24,704 196,273 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 1,138 27,502 69,272 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (2) Unrealized gain in equity securities-net - - - Retained earnings (1,143) (69,998) 30,735 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($5) (42,495) 100,005 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $95,512 $216,015 ============================================================= ==================== ==================== ====================
478 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - ($176) - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (176) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - ($3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - $176 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
479 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - ($473) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (473) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $7 473 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - ($7) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - $473 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
480 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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) ($2,894) $416 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,923) (2,894) 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,982 959 4,289 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,982 959 4,289 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 3,324 12,882 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (59) (1,388) 2,426 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($59) 1,936 15,309 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $1 $20,014 ============================================================= ==================== ==================== ====================
481 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $274 $59 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 274 59 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 3,813 (1,165) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,813 (1,165) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 9,016 3,947 $672 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 156 (2,181) ($672) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 9,172 1,767 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $13,259 $661 - ============================================================= ==================== ==================== ====================
482 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - ($107) ($52) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (107) (52) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($5) 115 52 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (5) 115 $52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9) (8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $5 ($8) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
483 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accounts payable $159 $35,431 $4,936 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 159 35,431 4,936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (29) 11,059 4,027 Accumulated deferred investment tax credits - 2,589 - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (29) 13,648 4,027 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 2,220 4,563 5,456 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1,026) 8,749 13,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 1,194 13,313 19,052 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,324 $62,392 $28,015 ============================================================= ==================== ==================== ====================
484 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net ($5) ($5) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (5) (5) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 14 $7 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (9) (9) ($7) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $5 $5 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
485 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 $1,019 - $118 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,019 - 118 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,309 - (320) Accumulated deferred investment tax credits - - 12 Customer advances and other deferred credits - - 11 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,309 - (297) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 5,180 $6 3,445 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 2,570 ($6) (3,267) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,750 - 178 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $10,078 - ($1) ============================================================= ==================== ==================== ====================
486 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accounts payable $3,502 $13,850 ($23) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,502 13,850 (23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,251 6,875 26 Accumulated deferred investment tax credits 621 4,071 - Customer advances and other deferred credits - (601) - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,872 10,345 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 17,162 24,625 (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 24,110 32,555 ($3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $30,484 $56,750 - ============================================================= ==================== ==================== ====================
487 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (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 - - - Accounts payable $1,448 ($1,713) $21,502 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 666 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,448 (1,047) 21,502 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,736 1,047 12,926 Accumulated deferred investment tax credits - - 3,698 Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,736 1,047 16,624 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 8,275 1,097 9,264 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 1,614 ($1,097) 24,480 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 9,889 - 33,744 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $13,073 - $71,870 ============================================================= ==================== ==================== ====================
488 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $854,676 ($1) $883,389 Current portion of long-term debt - - 1,767,898 Accounts payable 2,048,361 (471,093) 311,419 Accrued taxes 4,984 988 50,626 Accrued interest 4,719 (17,869) 123,354 Dividends payable - - 5,558 Regulatory liabilities - net - - - Trading and price risk management liabilities - 281,657 281,657 Deferred unbilled revenue - - - Other current liabilities 132,977 (5,483) 487,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,045,717 (211,801) 3,911,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,123,144 (1,349,788) 5,334,789 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 57,107 (28,573) 1,592,046 Accumulated deferred investment tax credits (14) (13,447) 19,439 Customer advances and other deferred credits 12 (454,952) - Accumulated provision for pension and benefits - - - Other long-term liabilities 74,712 473,348 866,857 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 131,817 (23,624) 2,478,342 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - (143,268) 18,016 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - 176,760 176,760 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - (353,520) 150,000 Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - (176,760) 326,760 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 64,131 (429,562) 64,130 Additional paid-in capital 2,636,908 (6,525,834) 2,629,406 Accumulated other comprehensive income: Cumulative translation adjustments - net 108,419 (98,274) (146,748) Unrealized gain in equity securities-net - - - Retained earnings 91,117 (26,260) 401,396 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,900,575 (7,079,930) 2,948,184 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,201,253 ($8,985,171) $15,017,091 ============================================================= ==================== ==================== ====================
Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Aguila Energy Anacapa Energy Arrowhead Energy Company Company Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $4,937 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 4,937 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 13 - Depreciation, decommissioning and amortization - 68 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 81 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 4,856 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 4,856 - Income taxes $140 1,875 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (140) 2,981 - Retained earnings - beginning of year (8,633) (593) $12 Dividends declared on common stock - (993) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,773) $1,395 $12 =============================================================== ==================== ==================== ====================
490 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Balboa Energy Bergen Point Blue Ridge Energy Company Energy Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $93 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 93 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - 14 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 14 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 79 - Interest and dividend income - - - Other nonoperating income (deductions)-net - 314 - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 393 - Income taxes - 151 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 242 - Retained earnings - beginning of year ($10) (4,305) ($9) Dividends declared on common stock - $4,063 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($10) - ($9) =============================================================== ==================== ==================== ====================
491 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Bretton Woods Camino Energy Capistrano Energy Company Company Cogeneration Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $53,346 $9,512 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 53,346 9,512 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 120 - Depreciation, decommissioning and amortization - 575 8 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 695 8 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 52,651 9,504 Interest and dividend income - (3,617) 79 Other nonoperating income (deductions)-net - (18) - Interest expenses - (159) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 48,857 9,583 Income taxes - 18,800 3,685 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 30,057 5,898 Retained earnings - beginning of year - 18,811 1,619 Dividends declared on common stock - (19,126) (3,372) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $29,742 $4,145 =============================================================== ==================== ==================== ====================
492 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Centerport Energy Chesapeake Bay Chester Energy Company Energy Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - ($1,518) ($142) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($1,518) ($142) =============================================================== ==================== ==================== ====================
493 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Clayville Energy Colonial Energy Coronado Energy Company Company (Inactive) Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year ($6) ($4) ($6) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) ($4) ($6) =============================================================== ==================== ==================== ====================
494 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Crescent Valley Del Mar Energy Delaware Energy Energy Company Company Conservers, Inc. (Inactive) (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $2,563 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,563 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 12 - Depreciation, decommissioning and amortization - 14 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 26 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 2,537 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 2,537 - Income taxes - 979 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 1,558 - Retained earnings - beginning of year ($817) (2,477) ($2) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($817) ($919) ($2) =============================================================== ==================== ==================== ====================
495 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Desert Sunrise Devereaux Energy Eastern Sierra Energy Company Company Energy Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $123 $6,307 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 123 6,307 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - 204 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 204 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 123 6,103 Interest and dividend income - - - Other nonoperating income (deductions)-net - 16,546 63 Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 16,669 6,166 Income taxes - 6,426 2,379 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 10,243 3,787 Retained earnings - beginning of year $247 (9,462) 3,532 Dividends declared on common stock (242) (7,206) (4,547) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5 ($6,425) $2,772 =============================================================== ==================== ==================== ====================
496 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
East Maine Energy Edison Alabama Edison Mission Company (Inactive) Generating Company Development, Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year ($8) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8) - - =============================================================== ==================== ==================== ====================
497 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Funding Energy Global Consolidated Corp. Management, Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $45,057 - $14,863 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 45,057 - 14,863 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 211 Depreciation, decommissioning and amortization 1,669 - 5,181 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,669 - 5,392 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 43,388 - 9,471 Interest and dividend income 10 $25,164 492 Other nonoperating income (deductions)-net (87,326) (229) (275,083) Interest expenses - ($24,935) (1,615) Other nonoperating deductions - - - Dividends on preferred securities - - (17,994) Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (43,928) - (284,729) Income taxes (28,185) - 7,676 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (15,743) - (292,405) Retained earnings - beginning of year 42,499 - (8,352) Dividends declared on common stock (62,162) - 20,203 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($35,406) - ($280,554) =============================================================== ==================== ==================== ====================
498 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Interface Energy Services, Fuel Resources, Ltd Inc. Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $14 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 14 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2 $1,111 - Depreciation, decommissioning and amortization - 349 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 1,460 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 12 (1,460) - Interest and dividend income 1 - - Other nonoperating income (deductions)-net - 1,528 - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 13 68 - Income taxes 6 27 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 7 41 - Retained earnings - beginning of year 49 (252) - Dividends declared on common stock - 1 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $56 ($210) - =============================================================== ==================== ==================== ====================
499 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Fuel Transpor- Marketing & Holdings Co. tation, Inc. Trading, Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - $422,180 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 422,180 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 153,197 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $20,715 90,183 Depreciation, decommissioning and amortization - 3,335 47,292 Property and other taxes - 10 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 24,060 290,672 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (24,060) 131,508 Interest and dividend income - 482 2,639 Other nonoperating income (deductions)-net - 62,767 (536) Interest expenses - - (74,791) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 39,189 58,820 Income taxes - 16,779 26,262 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 22,410 32,558 Retained earnings - beginning of year - (1,118) 27,623 Dividends declared on common stock - (4,350) (33,899) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $16,942 $26,282 =============================================================== ==================== ==================== ====================
500 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission El Dorado Energy Operation & Project Co. Company Maintenace, Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- - Electric utility - - - Nonutility power generation $27,532 - $116 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 27,532 - 116 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 23,540 - - Depreciation, decommissioning and amortization - - 106 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 23,540 - 106 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 3,992 - 10 Interest and dividend income 414 - - Other nonoperating income (deductions)-net (26) - 630 Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 4,380 - 640 Income taxes 1,701 - 246 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2,679 - 394 Retained earnings - beginning of year 5,591 - (8,341) Dividends declared on common stock (1,234) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $7,036 - ($7,947) =============================================================== ==================== ==================== ====================
501 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Eastern EMP, Inc. Four Counties Gas Holdings Co. (Inactive) Company (Inactive) Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $724 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 724 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 724 - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 724 - - Income taxes 279 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 445 - - Retained earnings - beginning of year - ($1,050) ($6) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $445 ($1,050) ($6) =============================================================== ==================== ==================== ====================
502 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Global Power Hanover Energy Holtsville Energy Investors, Inc. Company Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $2,543 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,543 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - 126 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 126 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 2,417 - Interest and dividend income - - - Other nonoperating income (deductions)-net - 5 - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 2,422 - Income taxes - 958 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 1,464 - Retained earnings - beginning of year - (480) ($896) Dividends declared on common stock - (347) (1) Dividends declared on preferred stock - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $637 ($897) =============================================================== ==================== ==================== ====================
503 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Indian Bay Energy Jefferson Energy Kings Canyon Company Company (Inactive) Energy Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - ($6) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($6) =============================================================== ==================== ==================== ====================
504 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Kingspark Energy Laguna Energy La Jolla Energy Company Company (Inactive) Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - ($40) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (40) - Income taxes - (15) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (25) - Retained earnings - beginning of year - (1,718) ($6) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($1,743) ($6) =============================================================== ==================== ==================== ====================
505 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Lakeview Energy Lehigh River Longview Company Energy Company Cogeneration Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year ($6) ($8,559) ($5) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6) ($8,559) ($5) =============================================================== ==================== ==================== ====================
506 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Madera Energy Madison Energy Midwest Generation Company Company EME, LLC Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $4,441 $1,119,025 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 4,441 1,119,025 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 439,495 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 412,304 Depreciation, decommissioning and amortization - 132 142,910 Property and other taxes - - 13 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 132 994,722 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 4,309 124,303 Interest and dividend income - - 55,560 Other nonoperating income (deductions)-net - - 1,113 Interest expenses - - (166,815) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 4,309 14,161 Income taxes - 1,676 6,867 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 2,633 7,294 Retained earnings - beginning of year ($9) 845 (8,157) Dividends declared on common stock - (2,312) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) $1,166 ($863) =============================================================== ==================== ==================== ====================
507 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Midwest Peaker Mission Capital LP Mission Del Cielo, Holdings, Inc. Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income $9,199 $13,953 - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - (13,953) - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 9,199 - - Income taxes 3,536 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 5,663 - - Retained earnings - beginning of year - (1) - Dividends declared on common stock - $1 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,663 - - =============================================================== ==================== ==================== ====================
508 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission/Eagle Mission Energy Mission Energy Energy Company Construction Generation, Inc. (Inactive) Services, Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year ($3) ($14) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($3) ($14) - =============================================================== ==================== ==================== ====================
509 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission Energy Holdings, Inc. Holdings Indonesia International Inc. (Inactive) Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $1,412,696 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,412,696 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 478,210 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 346,105 - Depreciation, decommissioning and amortization - 182,381 - Property and other taxes - 546 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,007,242 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 405,454 - Interest and dividend income - 14,253 - Other nonoperating income (deductions)-net - 60,743 - Interest expenses - (281,828) - Other nonoperating deductions - (30,936) - Dividends on preferred securities ($218) - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (218) 167,686 - Income taxes (84) 47,545 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (134) 120,141 - Retained earnings - beginning of year (1,072) 432,014 ($6) Dividends declared on common stock - - Dividends declared on preferred stock - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,206) $552,155 ($6) =============================================================== ==================== ==================== ====================
510 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Energy Mission Energy New Mission Energy Mexico (Inactive) York, Inc. Wales Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $6,673 $27,753 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 6,673 27,753 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 1,114 14 Depreciation, decommissioning and amortization - 1,271 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 2,385 14 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 4,288 27,739 Interest and dividend income - (16,767) 3,163 Other nonoperating income (deductions)-net - 18 1 Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (12,461) 30,903 Income taxes - (4,462) 15,404 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (7,999) 15,499 Retained earnings - beginning of year ($1,143) (62,000) 15,233 Dividends declared on common stock - 1 3 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,143) ($69,998) $30,735 =============================================================== ==================== ==================== ====================
511 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Operations Mission Triple North Jackson de Mexico, S.A. de Cycle Systems Energy Company C.V. Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - ($3) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($3) =============================================================== ==================== ==================== ====================
512 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Northern Sierra Ortega Energy Panther Timber Energy Company Company Company - -------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - ($7) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - -------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($7) - ============================================================== ==================== ==================== ====================
513 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Paradise Energy Pleasant Valley Prince George Company (Inactive) Energy Company Energy Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - $2,652 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 2,652 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $97 - Depreciation, decommissioning and amortization - - 614 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 97 614 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (97) 2,038 Interest and dividend income - - - Other nonoperating income (deductions)-net - 2 99 Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (95) 2,137 Income taxes - (36) 840 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (59) 1,297 Retained earnings - beginning of year ($59) (1,328) 1,482 Dividends declared on common stock - (1) (353) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($59) ($1,388) $2,426 =============================================================== ==================== ==================== ====================
514 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Quartz Peak Energy Rapidan Energy Reeves Bay Energy Company Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $1,726 $91 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,726 91 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 73 - - Depreciation, decommissioning and amortization 61 4 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 134 4 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 1,592 87 - Interest and dividend income 99 - Other nonoperating income (deductions)-net - 43 - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1,691 130 - Income taxes 663 52 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,028 78 - Retained earnings - beginning of year (134) (2,259) ($672) Dividends declared on common stock (738) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $156 ($2,181) ($672) =============================================================== ==================== ==================== ====================
515 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Ridgecrest Energy Rio Escondido Riverport Energy Company Energy Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - $70 - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 70 - Income taxes - 27 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 43 - Retained earnings - beginning of year ($9) 3,029 - Dividends declared on common stock - (3,080) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) ($8) - =============================================================== ==================== ==================== ====================
516 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
San Gabriel Energy San Joaquin Energy San Juan Energy Company (Inactive) Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $1,522 $15,680 $13,762 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,522 15,680 13,762 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 76 45 Depreciation, decommissioning and amortization - 30 90 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 106 135 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 1,522 15,574 13,627 Interest and dividend income - (1,330) - Other nonoperating income (deductions)-net - 60 - Interest expenses - (54) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1,522 14,250 13,627 Income taxes 585 5,386 5,258 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 937 8,864 8,369 Retained earnings - beginning of year (1,963) 11,353 9,295 Dividends declared on common stock - (11,468) (4,068) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,026) $8,749 $13,596 =============================================================== ==================== ==================== ====================
517 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
San Pedro Energy Santa Ana Energy Santa Clara Energy Company Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year ($9) ($9) ($7) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9) ($9) ($7) =============================================================== ==================== ==================== ====================
518 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Silverado Energy Silver Springs Sonoma Geothermal Company Energy Company Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $2,911 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,911 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 8 - - Depreciation, decommissioning and amortization 50 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 58 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 2,853 - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2,853 - - Income taxes 1,103 - $17 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,750 - (17) Retained earnings - beginning of year 2,072 ($6) (3,282) Dividends declared on common stock (1,252) - 32 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,570 ($6) ($3,267) =============================================================== ==================== ==================== ====================
519 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
South Coast Energy Southern Sierra Thorofare Energy Company Energy Company Company (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $7,106 $41,844 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,106 41,844 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (2) 99 - Depreciation, decommissioning and amortization 4 58 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 2 157 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 7,104 41,687 - Interest and dividend income 2 (574) - Other nonoperating income (deductions)-net 4 (10) - Interest expenses - (89) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 7,110 41,014 - Income taxes 2,669 15,622 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 4,441 25,392 - Retained earnings - beginning of year 18,105 17,407 ($3) Dividends declared on common stock (5,384) (18,174) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $17,162 $24,625 ($3) =============================================================== ==================== ==================== ====================
520 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Viejo Energy Vista Energy Western Sierra Company Company (Inactive) Energy Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $4,108 - $42,293 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 4,108 - 42,293 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13 - 120 Depreciation, decommissioning and amortization 65 - 37 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 78 - 157 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 4,030 - 42,136 Interest and dividend income - $18 (584) Other nonoperating income (deductions)-net - - (14) Interest expenses - (4) (116) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 4,030 14 41,422 Income taxes 1,558 5 15,824 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2,472 9 25,598 Retained earnings - beginning of year (253) (1,106) 19,651 Dividends declared on common stock (605) - (20,769) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,614 ($1,097) $24,480 =============================================================== ==================== ==================== ====================
521 Edison Mission Energy and Subsidiaries [Tier 3] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Consolidating Edison Mission Energy Adjustments Energy Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $3,960 ($45,092) $3,253,061 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,960 (45,092) 3,253,061 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 10,915 1,081,817 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 20,791 14,022 930,786 Depreciation, decommissioning and amortization 10,549 (15,067) 382,130 Property and other taxes 234 - 803 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 31,574 9,870 2,395,536 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (27,614) (54,962) 857,525 Interest and dividend income (52,701) 2,107 52,132 Other nonoperating income (deductions)-net (46,760) 287,860 21,794 Interest expenses (170,804) 31,853 (689,397) Other nonoperating deductions - 27,753 (3,183) Dividends on preferred securities 91 (1) (32,075) Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (297,788) 294,610 206,796 Income taxes (115,031) 16,351 81,544 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (182,757) 278,259 125,252 Retained earnings - beginning of year 359,064 (482,798) 364,434 Dividends declared on common stock (85,190) 178,279 (88,290) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $91,117 ($26,260) $401,396 =============================================================== ==================== ==================== ====================
522 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: American Bituminous Power American Kiln Partners, LP Bretton Woods Partners, LP Cogeneration, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $73,652 - $717 Revenues $13,892 - - Net Income (Loss) ($1,438) - - Nature/Purpose of Business: To own an 80MW Currently is inactive. To own and operate power cogeneration facility in production facilities. Grant Town, WV. Ownership Interest(s): 49.5% by Aguila Energy 2% by Panther Timber 50% by Blue Ridge Energy Company Company Company 0.5% by Pleasant Valley 49.5% of 53% by Aguila 50% by Bretton Woods Energy Co. Energy Company Energy Company 0.5% of 53% by Pleasant Valley Energy Company
523 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Brookhaven Cogeneration LP Brooklyn Navy Yard CL Power Sales One, Cogeneration Partners, LP L.L.C. [5] - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $2,588 $245,178 - Revenues - $87,063 - Net Income (Loss) - ($3,947) - Nature/Purpose of Business: To own and operate power To own and operate a To own and operate power production facilities. 286MW power production production facilities. facility near the Brooklyn Bridge, NY. Ownership Interest(s): 50% by Holtsville Energy 50% by Mission Energy New 25% by Citizens Power Company York, Inc. Holdings One, LLC 50% by Madera Energy Company
524 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: CL Power Sales Two, CL Power Sales Six, CL Power Sales Seven, L.L.C. [5] L.L.C. [5] L.L.C. [5] - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 25% by Citizens Power 25% by Citizens Power 25% by Citizens Power Holdings One, LLC Holdings One, LLC Holdings One, LLC
525 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: CL Power Sales Eight, CL Power Sales Nine, CL Power Sales Ten, L.L.C. [5] L.L.C. [5] L.L.C. [5] - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 25% by Citizens Power 25% by Citizens Power 25% by Citizens Power Holdings One, LLC Holdings One, LLC Holdings One, LLC
526 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Coalinga Cogeneration Commonwealth Atlantic LP Contact Energy Company Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $18,613 $55,292 $478,570 Revenues $15,695 $13,223 $169,343 Net Income (Loss) $2,931 $2,460 $15,977 Nature/Purpose of Business: To own and operate a 38MW To own a 340MW power To own nine facilities cogeneration facility in production facility in with 2,149MW in New Fresno County, CA. Chesapeake, VA. Zealand and one minority interest (25%)in a 300MW facility in Australia. Ownership Interest(s): 50% by Silverado Energy 50% by Chickahominy River 42.26% by Edison Mission Company Energy Corp. Energy Taupo Limited
527 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: CP Power Sales Five, CP Power Sales Twelve, CP Power Sales Thirteen, L.L.C. L.L.C. L.L.C. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 100% by Edison Mission 100% by Edison Mission 100% by Edison Mission Marketing & Trading, Inc. Marketing & Trading, Inc. Marketing & Trading, Inc.
528 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: CP Power Sales Fourteen, CP Power Sales Fifteen, CP Power Sales Seventeen, L.L.C. L.L.C. L.L.C. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 100% by Edison Mission 100% by Edison Mission 100% by Edison Mission Marketing & Trading, Inc. Marketing & Trading, Inc. Marketing & Trading, Inc.
529 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: CP Power Sales Eighteen, CP Power Sales Nineteen, CP Power Sales Twenty, L.L.C. L.L.C. L.L.C. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - - Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 100% by Edison Mission 100% by Edison Mission 100% by Edison Mission Marketing & Trading, Inc. Marketing & Trading, Inc. Marketing & Trading, Inc.
530 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Delaware Clean Energy Four Star Oil & Gas Georgia Peaker, LP Project Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $171,099 - Revenues - $138,157 - Net Income (Loss) - $46,639 - 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 Chesapeake Bay 38.26% by Edison Mission 50% by Lakeview Energy Energy Company Energy Oil & Gas Company 50% by Silver Springs Energy Company
531 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Gordonsville Energy, LP Harbor Cogeneration Hopewell Cogeneration, LP Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $90,924 $12,509 $40,164 Revenues $21,136 $10,137 $16,481 Net Income (Loss) $4,432 $8,648 $993 Nature/Purpose of Business: To own and operate a To own and operate a 80MW To own and operate a 240MW cogeneration cogeneration facility at 356MW cogeneration facility in Gordonsville, Wilmington Oil Field in facility in Chester Co., VA. LA, CA. VA. Ownership Interest(s): 49% by Madison Energy 30% by South Coast Energy 24.75% by Prince George Company Company Energy Co. 1% by Rapidan Energy 1% by Hopewell Company Cogeneration, Inc.
532 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Hopewell Cogeneration, James River Cogeneration Kern River Cogeneration Inc. Company Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $406 $33,257 $78,348 Revenues $166 $25,837 $124,907 Net Income (Loss) $10 $9,443 $40,970 Nature/Purpose of Business: To own and operate a To own and operate the To own and operate a 356MW cogeneration 110MW cogeneration 300MW Kern River (Omar facility in Chester Co., facility in Hopewell, Hill) cogeneration VA. Chester County, VA. facility at Texaco's Kern River Oil Field near Bakersfield, CA. Ownership Interest(s): 25% by Prince George 50% by Capistrano 50% by Southern Sierra Energy Co. Cogeneration Company Energy Company
533 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: March Point Cogeneration Mid-Set Cogenera-tion Midway-Sunset Company Company Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $62,955 $11,511 $81,327 Revenues $43,471 $14,562 $68,809 Net Income (Loss) $13,694 $2,437 $15,565 Nature/Purpose of Business: To own and operate a To own and operate a 38MW To own and operate a 140MW cogeneration cogeneration facility in 225MW cogeneration facility in Anacortes, WA. Kern Co., CA facility near Taft in Kern County, CA. Ownership Interest(s): 50% by San Juan Energy 50% by Del Mar Energy 50% by San Joaquin Energy Company Company Company
534 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Mission Interface Nevada Sun-Peak LP North Shore Energy, LP Partnership - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $372 $26,011 $1,729 Revenues - $5,676 - Net Income (Loss) $21 $1,488 - Nature/Purpose of Business: To own and operate power To own 50% of the 210MW To own and operate power production facilities. independent power production facilities. production plant near Las Vegas, NV. Ownership Interest(s): 50% by Edison Mission 50% by Quartz Peak Energy 50% by Reeves Bay Energy Energy Interface, Ltd Company Company 50% by Santa Clara Energy Company
535 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Northville Energy Oconee Energy, LP Riverhead Cogeneration I, Corporation LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - - $488 Revenues - - - Net Income (Loss) - - - Nature/Purpose of Business: To own and operate power To own and operate power To own and operate power production facilities. production facilities. production facilities. Ownership Interest(s): 100% by North Shore 50% by Clayville Energy 50% by Centerport Energy Energy LP Company Company 50% by Coronado Energy 50% by Ridgecrest Energy Company Company
536 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Riverhead Cogeneration Riverhead Cogeneration Saguaro Power Company, LP II, LP III, LP - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $633 $432 $47,821 Revenues - - $28,711 Net Income (Loss) - - $6,479 Nature/Purpose of Business: To own and operate power To own and operate power To own and operate a 90MW production facilities. production facilities. cogeneration facility in Henderson, NV. Ownership Interest(s): 50% by Riverport Energy 50% by Indian Bay Energy 50% by Eastern Sierra Company Company Energy Co. 50% by San Pedro Energy 50% by Santa Ana Energy Company Company
537 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Salinas River Sargent Canyon Smithtown Cogeneration, LP Cogeneration Company Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $21,341 $21,691 $4,976 Revenues $15,733 $16,354 - Net Income (Loss) $4,937 $4,127 - Nature/Purpose of Business: To own and operate a 38MW To own and operate a 38MW To own and operate power cogeneration facility in cogeneration facility in production facilities. Monterey Co., CA. Monterey Co, CA Ownership Interest(s): 50% by Anacapa Energy 50% by Viejo Energy 50% by Balboa Energy Company Company Company 50% by Kingspark Energy Company
538 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Sobel Cogeneration Company Sycamore Cogeneration TM Star Fuel Company Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $93,564 $1,246 Revenues - $131,149 $11,123 Net Income (Loss) - $41,165 $138 Nature/Purpose of Business: Currently is inactive. To own and operate a To own a 50% interest in 300MW cogeneration a domestic oil and gas facility at Texaco's Kern exploration and River Oil Field near production company. Bakersfield, CA. Ownership Interest(s): 50% by Northern Sierra 50% by Western Sierra 50% by Southern Sierra Energy Company Energy Co. Gas Company
539 Edison Mission Energy [Tier 4] Equity Investments December 31, 2000 (In thousands)
Name of Entity: Triple Cycle Partnership Watson Cogeneration Company - ---------------------------------------- --------------------------- --------------------------- Equity Interest: Assets - $137,058 Revenues - $167,629 Net Income (Loss) - $51,668 Nature/Purpose of Business: To own 25% interest in To own and operate a partnership that has 385MW cogeneration rights to a proprietary facility at ARCO's LA technology. Refinery in Carson, CA Ownership Interest(s): 50% by Mission Triple 49% by Camino Energy Cycle Systems Company Company
540 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $4 - Receivables - net - - - Fuel inventory - - - Accrued unbill revenue - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 4 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($5,912) 43,355 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (5,912) 43,355 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($5,912) $43,359 - ============================================================= ==================== ==================== ====================
541 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Accrued unbill revenue - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $194 $5,912 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 194 5,912 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $194 $5,912 ============================================================= ==================== ==================== ====================
542 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 43,549 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 43,549 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $43,553 - - ============================================================= ==================== ==================== ====================
543 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 - $59,051 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - 739 - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 59,790 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net $2,291 (7,965) $5 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,291 (7,965) 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 7,540 26,862 1 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (15,743) (35,329) (6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (8,203) (8,466) ($5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($5,912) $43,359 - ============================================================= ==================== ==================== ====================
544 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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) $82 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (562) 82 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 563 (9) ($2,291) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 563 (9) (2,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 191 (7,540) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1) (70) 15,743 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($1) 121 8,203 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $194 $5,912 ============================================================= ==================== ==================== ====================
545 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Energy Fuel Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $58,571 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price rish management liabilities - - - Deferred unbilled revenue 739 - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 59,310 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7,406) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7,406) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 27,054 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (35,406) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (8,351) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $43,553 - - ============================================================= ==================== ==================== ====================
546 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Fuel Energy Oil & Gas Energy Petroleum - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $44,891 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 44,891 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - 1,669 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 1,669 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 43,222 - Interest and dividend income - 10 - Other nonoperating income (deductions)-net - (87,326) - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (44,094) - Income taxes - (28,249) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (15,845) - Retained earnings - beginning of year $46,079 42,677 ($5) Dividends declared on common stock (61,822) (62,161) (1) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($15,743) ($35,329) ($6) =============================================================== ==================== ==================== ====================
547 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Pocono Fuels Southern Sierra Consolidating Company (Inactive) Gas Company Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $166 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 166 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 166 - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 166 - Income taxes - 64 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 102 - Retained earnings - beginning of year ($1) (172) ($46,079) Dividends declared on common stock - - 61,822 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1) ($70) $15,743 =============================================================== ==================== ==================== ====================
548 Edison Mission Energy Fuel and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Energy Fuel Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $45,057 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 45,057 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 1,669 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,669 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 43,388 - - Interest and dividend income 10 - - Other nonoperating income (deductions)-net (87,326) - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (43,928) - - Income taxes (28,185) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (15,743) - - Retained earnings - beginning of year 42,499 - - Dividends declared on common stock (62,162) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($35,406) - - =============================================================== ==================== ==================== ====================
549 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Majestic Energy EME Royale Limited Energy Global Limited [5] Management, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $280,952 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 280,952 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $280,952 ============================================================= ==================== ==================== ====================
550 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Consolidating Edison Mission Energy Taupo Adjustments Energy Global Limited [6] Management, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,799 - $5,799 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 5,799 - 5,799 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 176,245 ($576,464) (119,267) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 176,245 (576,464) (119,267) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 4,662 4,932 9,594 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 4,662 4,932 9,594 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $186,706 ($571,532) ($103,874) ============================================================= ==================== ==================== ====================
551 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 - - $987 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 987 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 304,261 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - 572 Unrealized gain in equity securities-net - - - Retained earnings - - (24,868) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 279,965 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $280,952 ============================================================= ==================== ==================== ====================
552 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 $1,572 $131 $2,690 Accrued taxes (1,008) - (1,008) Accrued interest - - - Dividends payable 5,558 - 5,558 Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 20 - 20 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6,142 131 7,260 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 49 49 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 49 49 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures 176,760 - 176,760 Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 176,760 - 176,760 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 302,186 (606,447) - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - (7,961) (7,389) Unrealized gain in equity securities-net - - - Retained earnings (298,382) 42,696 (280,554) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,804 (571,712) (287,943) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $186,706 ($571,532) ($103,874) ============================================================= ==================== ==================== ====================
553 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Majestic Energy EME Royale Limited Energy Global Limited [5] Management, Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income $315 - - Other nonoperating income (deductions)-net (4,100) - ($258) Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities (6,792) - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (10,577) - (258) Income taxes 3,409 - 3,376 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (13,986) - (3,634) Retained earnings - beginning of year (6,217) - - Dividends declared on common stock $20,203 - (21,234) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($24,868) =============================================================== ==================== ==================== ====================
554 Edison Mission Global Management, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Consolidating Edison Mission Energy Taupo Adjustments Energy Global Limited [6] Management, Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $14,863 - $14,863 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 14,863 - 14,863 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 211 - 211 Depreciation, decommissioning and amortization 5,507 ($326) 5,181 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 5,718 (326) 5,392 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 9,145 326 9,471 Interest and dividend income 177 - 492 Other nonoperating income (deductions)-net (270,725) - (275,083) Interest expenses (1,615) - (1,615) Other nonoperating deductions - - - Dividends on preferred securities (11,202) - (17,994) Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (274,220) 326 (284,729) Income taxes 765 126 7,676 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (274,985) 200 (292,405) Retained earnings - beginning of year (12,885) 10,750 (8,352) Dividends declared on common stock (10,512) 31,746 20,203 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($298,382) $42,696 ($280,554) =============================================================== ==================== ==================== ====================
555 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - $393 - Nuclear deco mmissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $193,439 - $1,954 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 193,439 393 1,954 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $193,439 $393 $1,954 ============================================================= ==================== ==================== ====================
556 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Homer City Edison Mission Edison Mission Generation LP [5] Finance Co. Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $19,116 - $8 Receivables - net 138 - - Fuel inventory 14,493 - - Materials and supplies, at average cost 26,363 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 2,620 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 62,730 - 8 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,953,610 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1 - 954,100 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,953,611 - 954,100 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 11,291 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 11,291 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,027,632 - $954,108 ============================================================= ==================== ==================== ====================
557 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $19,124 - Receivables - net - 138 - Fuel inventory - 14,493 - Materials and supplies, at average cost - 26,363 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 2,620 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 62,738 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,954,003 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($1,149,493) 1 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (1,149,493) 1,954,004 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 11,291 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 11,291 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($1,149,493) $2,028,033 - ============================================================= ==================== ==================== ====================
558 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 ($563) ($82) ($78) Accrued taxes - - 5 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (563) (82) (73) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 2,665 - 27 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 2,665 - 27 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 200,194 584 2,205 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (8,857) (109) (206) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 191,337 475 2,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $193,439 $393 $1,954 ============================================================= ==================== ==================== ====================
559 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 $1,721,387 ($756,867) ($1,031,483) Accrued taxes - - - Accrued interest - - 19,459 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 32,195 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,753,582 (756,867) (1,012,024) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,012,000 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 60,564 (1,185) 3 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 469 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 17,625 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 78,658 (1,185) 3 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 200,801 748,448 925,606 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (5,409) 9,604 28,523 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 195,392 $758,052 954,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,027,632 - $954,108 ============================================================= ==================== ==================== ====================
560 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - ($67,686) - Accrued taxes - 5 - Accrued interest - 19,459 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 32,195 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (16,027) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 1,012,000 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 62,074 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 469 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 17,625 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits and other liabilities - 80,168 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 ($1,152,229) 925,609 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 2,736 26,282 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,149,493) 951,892 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($1,149,493) $2,028,033 - ============================================================= ==================== ==================== ====================
561 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Chestnut Ridge Homer City Mission Energy Energy Company Property Holdings, Westside, Inc. Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - $3 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 3 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (3) - Interest and dividend income - - - Other nonoperating income (deductions)-net ($1,217) 6 ($15) Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,217) 3 (15) Income taxes 2,174 1 21 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3,391) 2 (36) Retained earnings - beginning of year (2,326) (111) (138) Dividends declared on common stock (3,140) - (32) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,857) ($109) ($206) =============================================================== ==================== ==================== ====================
562 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Homer City Edison Mission Edison Mission Generation LP [5] Finance Co. Holdings Co. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $422,180 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 422,180 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 153,197 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 89,992 $68 $123 Depreciation, decommissioning and amortization 47,289 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 290,478 68 123 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 131,702 (68) (123) Interest and dividend income (143,633) 63,863 82,409 Other nonoperating income (deductions)-net 751 - (61) Interest expenses 7,616 - (82,407) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (3,564) 63,795 (182) Income taxes (392) 24,528 (70) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3,172) 39,267 (112) Retained earnings - beginning of year (2,236) 30,163 29,864 Dividends declared on common stock (1) (59,826) (1,229) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5,409) $9,604 $28,523 =============================================================== ==================== ==================== ====================
563 Edison Mission Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Holdings Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $422,180 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 422,180 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 153,197 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 90,183 - Depreciation, decommissioning and amortization - 47,292 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 290,672 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 131,508 - Interest and dividend income - 2,639 - Other nonoperating income (deductions)-net - (536) - Interest expenses - (74,791) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 58,820 - Income taxes - 26,262 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 32,558 - Retained earnings - beginning of year ($27,593) 27,623 - Dividends declared on common stock 30,329 (33,899) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $2,736 $26,282 - =============================================================== ==================== ==================== ====================
564 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Athens Funding, Citizens Power CP Power Sales L.L.C. Holdings One, LLC Twelve, L.L.C. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $8,613 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 8,613 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $8,613 - ============================================================= ==================== ==================== ====================
565 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Eastern Consolidating EME Eastern Holdings Co. Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $8,335 $159 $17,107 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,335 159 17,107 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,335 $159 $17,107 ============================================================= ==================== ==================== ====================
566 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Athens Funding, Citizens Power CP Power Sales L.L.C. Holdings One, LLC Twelve, L.L.C. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - $292 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 292 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (13) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (13) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 8,376 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (42) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 8,334 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $8,613 - ============================================================= ==================== ==================== ====================
567 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Eastern Consolidating EME Eastern Holdings Co. Adjustments Holdings Co. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable ($487) - ($195) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (487) - (195) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (13) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (13) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 8,377 $117 16,870 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 445 42 445 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 8,822 159 17,315 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,335 $159 $17,107 ============================================================= ==================== ==================== ====================
568 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Athens Funding, Citizens Power CP Power Sales L.L.C. Holdings One, LLC Twelve, L.L.C. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - ($42) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($42) - =============================================================== ==================== ==================== ====================
569 EME Eastern Holdings Co. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Eastern Consolidating EME Eastern Holdings Co. Adjustments Holdings Co. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $724 - $724 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 724 - 724 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 724 - 724 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 724 - 724 Income taxes 279 - 279 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 445 - 445 Retained earnings - beginning of year - $42 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $445 $42 $445 =============================================================== ==================== ==================== ====================
570 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $8 - - Receivables - net 19 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 27 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 11,654 $5,778 ($5,778) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 11,654 5,778 (5,778) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,681 $5,778 ($5,778) ============================================================= ==================== ==================== ====================
571 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $8 - - Receivables - net 19 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 27 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 11,654 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 11,654 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $11,681 - - ============================================================= ==================== ==================== ====================
572 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 $449 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 449 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 6,716 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,716 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,190 $4,468 ($4,779) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 326 1,310 (999) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,516 5,778 (5,778) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $11,681 $5,778 ($5,778) ============================================================= ==================== ==================== ====================
573 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Hanover Energy Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable $449 - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 449 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 6,716 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6,716 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 3,879 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 637 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,516 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $11,681 - - ============================================================= ==================== ==================== ====================
574 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Chickahominy River Hanover Energy Consolidating Energy Corp. Company Adjustments - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $2,543 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,543 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 126 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 126 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 2,417 - - Interest and dividend income - - - Other nonoperating income (deductions)-net 5 - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2,422 - - Income taxes 958 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,464 - - Retained earnings - beginning of year (480) ($155) $155 Dividends declared on common stock - - - Dividends declared on preferred stock (658) 1,465 (1,154) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $326 $1,310 ($999) =============================================================== ==================== ==================== ====================
575 Hanover Energy Company and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Hanover Energy Company Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $2,543 - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,543 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization 126 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 126 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 2,417 - - Interest and dividend income - - - Other nonoperating income (deductions)-net 5 - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2,422 - - Income taxes 958 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,464 - - Retained earnings - beginning of year (480) - - Dividends declared on common stock - - - Dividends declared on preferred stock (347) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $637 - - =============================================================== ==================== ==================== ====================
576 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Midwest Generation Collins Holdings Edison Mission EME, LLC EME, LLC Midwest Holdings Co. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $527 - $2,289 Receivables - net 220 - 1 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 68 $6,679 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 815 6,679 2,290 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 5,883 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 2,491,857 - 3,984,464 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,497,740 - 3,984,464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 24,826 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 24,826 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2,498,555 $6,679 $4,011,580 ============================================================= ==================== ==================== ====================
577 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Midwest Generation Overseas Co. [5] Overseas Ltd. [6] LLC [5] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $4 $1 $15,699 Receivables - net - (1) 5,546 Fuel inventory - - 38,677 Materials and supplies, at average cost - - 15,452 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 29 6,454 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4 29 81,828 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 37 4,764,801 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 36 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 36 37 4,764,801 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $40 $66 $4,846,628 ============================================================= ==================== ==================== ====================
578 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18,520 - Receivables - net - 5,766 - Fuel inventory - 38,677 - Materials and supplies, at average cost - 15,452 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets ($6,679) 6,551 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (6,679) 84,966 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (833,352) 3,937,369 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (6,476,357) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (7,309,709) 3,937,369 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 24,825 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 24,825 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($7,316,388) $4,047,160 - ============================================================= ==================== ==================== ====================
579 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 $2,648 - ($56,569) Accrued taxes - - - Accrued interest - - 3,763 Dividends payable - - - Regulatory liabilities - net - - - Deferred unbilled revenue - - - Other current liabilities 78 $6,679 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,726 6,679 (52,806) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 1,573,284 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 243 - 2,480 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 243 - 2,480 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 2,512,611 - 2,500,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (17,025) - (11,378) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,495,586 - 2,488,622 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2,498,555 $6,679 $4,011,580 ============================================================= ==================== ==================== ====================
580 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (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 ($3,429,477) $7 $1,642,216 Accrued taxes - (5) - Accrued interest - - 56,242 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 27 144,227 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,429,477) 29 1,842,685 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,209,788 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (5,060) (1) 49,440 Accumulated deferred investment tax credits - - 12,868 Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 181,949 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (5,060) (1) 244,257 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 3,259,500 66 650,000 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 175,077 (28) (100,102) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 3,434,577 38 549,898 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $40 $66 $4,846,628 ============================================================= ==================== ==================== ====================
581 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - ($1,841,175) - Accrued taxes - (5) - Accrued interest ($38,372) 21,633 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 25,285 176,296 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (13,087) (1,643,251) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (860,000) 2,923,072 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 13,671 60,773 - Accumulated deferred investment tax credits - 12,868 - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 181,949 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 13,671 255,590 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (6,409,565) 2,512,612 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (47,407) (863) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (6,456,972) 2,511,749 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($7,316,388) $4,047,160 - ============================================================= ==================== ==================== ====================
582 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Midwest Generation Collins Holdings Edison Mission EME, LLC EME, LLC Midwest Holdings Co. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $11,741 $22,628 $72 Depreciation, decommissioning and amortization 1,145 - (400) Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 12,886 22,628 (328) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (12,886) (22,628) 328 Interest and dividend income (222) - 1,032 Other nonoperating income (deductions)-net 4 $22,628 (116) Interest expenses - - (134,829) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (13,104) - (133,585) Income taxes (5,038) - (51,360) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (8,066) - (82,225) Retained earnings - beginning of year (4,934) - (7,353) Dividends declared on common stock (4,025) - 78,200 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($17,025) - ($11,378) =============================================================== ==================== ==================== ====================
583 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Midwest Generation Overseas Co. [5] Overseas Ltd. [6] LLC [5] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - $1,119,025 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - $1,119,025 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 439,495 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $409 347,656 Depreciation, decommissioning and amortization - 11 168,802 Property and other taxes - 13 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 433 955,953 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (433) 163,072 Interest and dividend income $272,578 - (217,828) Other nonoperating income (deductions)-net - 376 849 Interest expenses - - (90,820) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 272,578 (57) (144,727) Income taxes 104,800 (15) (55,191) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 167,778 (42) (89,536) Retained earnings - beginning of year 7,341 12 (10,564) Dividends declared on common stock (42) 2 (2) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $175,077 ($28) ($100,102) =============================================================== ==================== ==================== ====================
584 Midwest Generation EME, LLC and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Midwest Generation Adjustments EME, LLC Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - $1,119,025 - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,119,025 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 439,495 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $29,798 412,304 - Depreciation, decommissioning and amortization (26,648) 142,910 - Property and other taxes - 13 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3,150 994,722 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3,150) 124,303 - Interest and dividend income - 55,560 - Other nonoperating income (deductions)-net (22,628) 1,113 - Interest expenses 58,834 (166,815) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 33,056 14,161 - Income taxes 13,671 6,867 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 19,385 7,294 - Retained earnings - beginning of year 7,341 (8,157) - Dividends declared on common stock (74,133) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($47,407) ($863) - =============================================================== ==================== ==================== ====================
585 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Investments, EME Southwest EME UK LLC Power Corporation International LLC - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $386,764 $443,358 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 386,764 443,358 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $386,764 $443,358 ============================================================= ==================== ==================== ====================
586 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC International Mission Energy Consolidating B.V. Consolidated Holdings Adjustments International, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $734,096 - - Receivables - net 186,506 - - Fuel inventory 154,621 - - Materials and supplies, at average cost 30,258 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 30,179 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,135,660 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 5,237,056 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1,267,886 $2,210,011 ($3,040,133) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,504,942 2,210,011 (3,040,133) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 369,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 369,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,009,668 $2,210,011 ($3,040,133) ============================================================= ==================== ==================== ====================
587 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Holdings International, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $734,096 - - Receivables - net 186,506 - - Fuel inventory 154,621 - - Materials and supplies, at average cost 30,258 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 30,179 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,135,660 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 5,237,056 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 1,267,886 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,504,942 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 369,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 369,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,009,668 - - ============================================================= ==================== ==================== ====================
588 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Investments, EME Southwest EME UK LLC Power Corporation International LLC - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - $809 ($2) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 809 (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (37) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (37) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 384,756 443,344 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - 1,236 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 385,992 443,360 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $386,764 $443,358 ============================================================= ==================== ==================== ====================
589 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC International Mission Energy Consolidating B.V. Consolidated Holdings Adjustments International, Inc. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $28,714 - - Current portion of long-term debt 1,154,709 - - Accounts payable 92,273 $6,357 ($7,164) Accrued taxes 44,102 - - Accrued interest 88,700 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 123,130 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,531,628 6,357 (7,164) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,919,004 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,080,071 2,335 (2,298) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 460,011 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 61,207 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,601,289 2,335 (2,298) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 161,284 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption 176,760 - (176,760) Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - 176,760 Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 176,760 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 420,753 - - Additional paid-in capital 1,796,244 1,787,443 (2,615,543) Accumulated other comprehensive income: Cumulative translation adjustments - net (149,449) - - Unrealized gain in equity securities-net - - - Retained earnings 552,155 413,876 (415,128) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,619,703 2,201,319 (3,030,671) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,009,668 $2,210,011 ($3,040,133) ============================================================= ==================== ==================== ====================
590 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Holdings Intern'l, Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt $28,714 - - Current portion of long-term debt 1,154,709 - - Accounts payable 92,273 - - Accrued taxes 44,102 - - Accrued interest 88,700 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 123,130 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,531,628 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 1,919,004 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,080,071 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 460,011 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 61,207 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,601,289 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 161,284 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures 176,760 - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 176,760 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 420,753 - - Additional paid-in capital 1,796,244 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (149,449) - - Unrealized gain in equity securities-net - - - Retained earnings 552,155 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 2,619,703 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,009,668 - - ============================================================= ==================== ==================== ====================
591 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Investments, EME Southwest EME UK LLC Power Corporation International LLC - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - $2,007 - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 2,007 - Income taxes - 771 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 1,236 - Retained earnings - beginning of year - - $16 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $1,236 $16 =============================================================== ==================== ==================== ====================
592 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
MEC International Mission Energy Consolidating B.V. Consolidated Holdings Adjustments International, Inc. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $1,412,696 - ($1,412,696) Nonutility power generation - - 1,412,696 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,412,696 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 478,210 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 346,105 - - Depreciation, decommissioning and amortization 182,381 - - Property and other taxes 546 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,007,242 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 405,454 - - Interest and dividend income 14,253 - (2,007) Other nonoperating income (deductions)-net 60,743 - - Interest expenses (281,828) - - Other nonoperating deductions (30,936) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 167,686 - (2,007) Income taxes 47,545 $6,536 (7,307) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 120,141 (6,536) 5,300 Retained earnings - beginning of year 432,014 432,014 (432,030) Dividends declared on common stock - (11,602) 11,602 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $552,155 $413,876 ($415,128) =============================================================== ==================== ==================== ====================
593 Mission Energy Holdings International, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Energy Holdings International, Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation $1,412,696 - - Financial services and other - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,412,696 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 478,210 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 346,105 - - Depreciation, decommissioning and amortization 182,381 - - Property and other taxes 546 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,007,242 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 405,454 - - Interest and dividend income 14,253 - - Other nonoperating income (deductions)-net 60,743 - - Interest expenses (281,828) - - Other nonoperating deductions (30,936) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 167,686 - - Income taxes 47,545 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 120,141 - - Retained earnings - beginning of year 432,014 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $552,155 - - =============================================================== ==================== ==================== ====================
594 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Del Cielo Mission Del Sol LLC Sunrise Power Inc. Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $1 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 52,071 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $27,058 $27,058 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 27,058 27,058 52,071 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $27,058 $27,058 $52,072 ============================================================= ==================== ==================== ====================
595 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Del Cielo Adjustments Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 52,071 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($54,116) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (54,116) 52,071 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($54,116) $52,072 - ============================================================= ==================== ==================== ====================
596 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Del Cielo Mission Del Sol LLC Sunrise Power Inc. Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - ($1) $25,014 Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 25,014 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 1 1 Additional paid-in capital 27,057 27,057 27,057 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 27,058 27,058 27,058 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $27,058 $27,058 $52,072 ============================================================= ==================== ==================== ====================
597 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Del Cielo, Adjustments Inc. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - $25,013 - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 25,014 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - Additional paid-in capital (54,115) 27,056 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (54,116) 27,058 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($54,116) $52,072 - ============================================================= ==================== ==================== ====================
598 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Del Cielo Mission Del Sol LLC Sunrise Power Inc. Company - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
599 Mission Del Cielo, Inc. and Subsidiaries [Tier 4] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Mission Del Cielo Adjustments Inc. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- - Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and - amortization - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expenses - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Adelaide Ventures Beheer-en Valley Peakers Pty Ltd. Beleggingsmaat Ltd [6] schappij Botara B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $11 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 11 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $11 - ============================================================= ==================== ==================== ====================
601 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaat Advantage B.V. Energy Asia Pte schappij Jydeno B.V. (Inactive) Ltd. Consolidated (Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $15 $14 $2,991 Receivables - net - - 16,654 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 1,193 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 15 14 20,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,246 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 308,119 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 309,365 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 143 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 143 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $15 $14 $330,346 ============================================================= ==================== ==================== ====================
602 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Energy Services Millennium B.V. International B.V. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12 $8 $262 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12 8 262 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 413 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 413 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 $8 $675 ============================================================= ==================== ==================== ====================
603 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Italian Vento Operation & Wind Power Italy Power Corporation Maintenance B.V. 4 S.r.l. [6] Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $291 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 291 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 103 $15,483 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 103 15,483 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $396 $15,483 - ============================================================= ==================== ==================== ====================
604 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Atlantic EME Tri Gen B.V. EME Victoria B.V. Holdings Limited [Inactive] Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $162,201 $4 - Receivables - net - 2 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 162,201 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 348,629 23,457 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 348,629 23,457 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 179 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 179 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $510,830 $23,642 - ============================================================= ==================== ==================== ====================
605 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Global Generation Hydro Energy B.V. Iberian B.V. Consolidated Consolidated Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $365,598 $2,869 $5,874 Receivables - net 74,922 6,740 7,108 Fuel inventory 166,838 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 19,771 642 642 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 627,129 10,251 13,624 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 2,760,114 101,314 119,255 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (2,001) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 2,760,114 99,313 119,255 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 35,532 2,963 6,024 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 35,532 2,963 6,024 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $3,422,775 $112,527 $138,903 ============================================================= ==================== ==================== ====================
606 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Latrobe Power Pty. Loy Yang Holdings MEC Esenyurt B.V. Ltd. Consolidated Pty Ltd. Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,239 $1,883 $20,965 Receivables - net 13,058 111 27,930 Fuel inventory - - 3,617 Materials and supplies, at average cost 8,485 - 2,800 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,919 106 180 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 53,701 2,100 55,492 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,072,646 7,236 148,197 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 110 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,072,646 7,346 148,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 13,480 50 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 13,480 50 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,139,827 $9,496 $240,075 ============================================================= ==================== ==================== ====================
607 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC IES B.V. ISAB Energy MEC India B.V. Services s.r.l. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $83 - $13 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 83 - 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 751 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 751 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $834 - $13 ============================================================= ==================== ==================== ====================
608 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission MEC Indo Coal B.V. MEC Indonesia B.V. Energy Power [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $454 $16 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 454 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 22,393 127,057 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 22,393 127,057 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 936 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $22,847 $128,009 ============================================================= ==================== ==================== ====================
609 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC International MEC Laguna Power Gulf Power Holdings B.V. B.V. Generation Co. Consolidated Ltd. [6] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $13 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 5,701 $4,884 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 5,701 4,884 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 48 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 48 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,714 $4,932 - ============================================================= ==================== ==================== ====================
610 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Perth B.V. MEC Priolo B.V. MEC San Pascual B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $6,951 $14 - Receivables - net 1,487 - - Fuel inventory 1,642 - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 78 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,158 14 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 62,779 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 35,423 $4,710 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 62,779 35,423 4,710 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 2,064 118 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,064 118 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $75,001 $35,555 $4,755 ============================================================= ==================== ==================== ====================
611 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Sidi Krir B.V. MEC Sumatra B.V. MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $12 $10 $154 Receivables - net - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12 10 154 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - (155,784) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (155,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 1,800 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 1,800 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $12 $10 ($153,830) ============================================================= ==================== ==================== ====================
612 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission NZ Company (UK) Italia s.r.l. Operations B.V. Limited (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,357 $250 - Receivables - net 8,240 415 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,682 164 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 40,279 829 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 148,606 248 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 11,454 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 160,060 248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 3,289 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,289 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $203,628 $1,102 - ============================================================= ==================== ==================== ====================
613 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Pride Hold Limited Rillington EcoElectrica Consolidated Holdings Limited S.a.r.l. (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $9,741 - $1,673 Receivables - net 5,574 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 551 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 15,866 - 1,673 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 126,475 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 216,147 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 126,475 216,147 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 3,269 - 468 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,269 - 468 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $145,610 - $218,288 ============================================================= ==================== ==================== ====================
614 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Southwestern Traralgon Power MEC International Generation B.V. Pty. Ltd. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $9 - $49,468 Receivables - net - - 10 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 9 - 49,478 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,983 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $32,263 1,949,652 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 32,263 1,951,635 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 16 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9 $32,263 $2,001,129 ============================================================= ==================== ==================== ====================
615 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating MEC Adjustments International B.V. Consolidated - ------------------------------------------------------------- ---------------------- ------------------ -------------------- ASSETS - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Cash and equivalents $41,641 $734,096 - Receivables - net 24,255 186,506 - Fuel inventory (17,476) 154,621 - Materials and supplies, at average cost 18,973 30,258 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 3,251 30,179 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total current assets 70,644 1,135,660 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Nonutility property - net 686,957 5,237,056 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,681,078) 1,267,886 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total investment and other assets (994,121) 6,504,942 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- 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 - - - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Regulatory assets - net - - - Other deferred charges 262,229 369,066 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total deferred charges 262,229 369,066 - - ------------------------------------------------------------- ---------------------- ------------------ -------------------- Total assets ($661,248) $8,009,668 - ============================================================= ====================== ================== ====================
616 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 - (6) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - Unrealized gain in equity securities-net - - - Retained earnings - (11) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 10 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $11 - ============================================================= ==================== ==================== ====================
617 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaat Advantage B.V. Energy Asia Pte schappij Jydeno (Inactive) Ltd Consolidated B.V.(Inactive) - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - ($4,187) Accrued taxes - - 904 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - (3,283) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 79 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 827 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 3,086 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 3,913 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $16 302,904 Additional paid-in capital - - 1,500 Accumulated other comprehensive income: Cumulative translation adjustments - net - - (840) Unrealized gain in equity securities-net - - - Retained earnings (5) (2) 26,073 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15 14 329,637 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $15 $14 $330,346 ============================================================= ==================== ==================== ====================
618 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Energy Services Millennium B.V. International B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($73) $8 $214 Accrued taxes - (7) (32) Accrued interest 85 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 12 1 182 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 19 16 Additional paid-in capital 30 - 559 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (55) (12) (82) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 7 493 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $12 $8 $675 ============================================================= ==================== ==================== ====================
619 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Italian Vento Operation & Wind Power Italy Power Corporation Maintenance B.V. 4 S.r.l. [6] Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $43 $15,148 - Accrued taxes (6) 67 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 37 15,215 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 26 - Additional paid-in capital 412 (24) - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (72) 266 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 359 268 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $396 $15,483 - ============================================================= ==================== ==================== ====================
620 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Atlantic EME Tri Gen B.V. EME Victoria B.V. Holdings Limited [Inactive] Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $188 $19 Accrued taxes $1 (7) (13) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 181 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (245) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 251 - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption 176,760 - - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries 176,760 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock 297,642 16 20 Additional paid-in capital - 23,291 - Accumulated other comprehensive income: Cumulative translation adjustments - net 36,856 - - Unrealized gain in equity securities-net - - - Retained earnings (435) 154 (26) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 334,063 23,461 ($6) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $510,830 $23,642 - ============================================================= ==================== ==================== ====================
621 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 $28,713 - - Current portion of long-term debt 1,106,711 $7,724 $7,724 Accounts payable 427,974 (9,874) 3,526 Accrued taxes 5,091 1,151 598 Accrued interest 41,717 2,032 2,032 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 14,120 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,624,326 1,033 13,880 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 602,207 126,295 108,207 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 778,195 8,937 8,713 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 8,246 - - Accumulated provision for pension and benefits - - - Other long-term liabilities - (51) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 786,441 8,886 8,713 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 535 535 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 40 849 (500) Additional paid-in capital 443,338 8,745 9,710 Accumulated other comprehensive income: Cumulative translation adjustments - net (45,121) (39,087) (7,807) Unrealized gain in equity securities-net - - - Retained earnings 11,544 5,271 6,165 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 409,801 (24,222) 7,568 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $3,422,775 $112,527 $138,903 ============================================================= ==================== ==================== ====================
622 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 $8,283 $73 $11,281 Accounts payable (179,750) (12,665) 38,071 Accrued taxes 894 33 4,365 Accrued interest 13,479 - 5,646 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 1,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (157,094) (12,559) 60,650 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 662,608 393 107,169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 38,675 1,145 (10,300) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 420,978 - 25,259 Accumulated provision for pension and benefits - - - Other long-term liabilities 37 55 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 459,690 1,200 15,056 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 31,824 - 253 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 74 Additional paid-in capital 78,353 - 45,757 Accumulated other comprehensive income: Cumulative translation adjustments - net (47,278) (3,759) - Unrealized gain in equity securities-net - - - Retained earnings 111,724 24,221 11,116 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 142,799 20,462 56,947 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,139,827 $9,496 $240,075 ============================================================= ==================== ==================== ====================
623 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 $410 - $31 Accrued taxes (106) - (13) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 304 - 18 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 92 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - Retained earnings 413 - (28) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 530 - (5) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $834 - $13 ============================================================= ==================== ==================== ====================
624 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 - $26 $16 Accrued taxes - 173 (58) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 199 (42) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 14,225 126,848 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - 8,401 1,182 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 22,648 128,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $22,847 $128,009 ============================================================= ==================== ==================== ====================
625 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 ($16) $76 - Accrued taxes (20) (12) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (36) 64 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 22 - Additional paid-in capital 5,231 4,868 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 499 (22) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,750 4,868 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,714 $4,932 - ============================================================= ==================== ==================== ====================
626 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Perth B.V. MEC Priolo B.V. MEC San Pascual B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $914 - - Accounts payable (24,525) ($515) $74 Accrued taxes (581) 161 (14) Accrued interest 2,429 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (21,763) (353) 60 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 72,902 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (3,596) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 7,449 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 81 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,934 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 7,216 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 22 Additional paid-in capital - 51,350 4,710 Accumulated other comprehensive income: Cumulative translation adjustments - net (9,098) 188 - Unrealized gain in equity securities-net - - - Retained earnings 21,787 (15,651) (37) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 12,712 35,908 4,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $75,001 $35,555 $4,755 ============================================================= ==================== ==================== ====================
627 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Sidi Krir B.V. MEC Sumatra B.V. MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $24 $24 ($306,558) Accrued taxes (11) (12) (937) Accrued interest - - (29,155) Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13 12 (336,650) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 25 135,247 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - 125 Unrealized gain in equity securities-net - - Retained earnings (26) (27) 47,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1) (2) 182,820 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $12 $10 ($153,830) ============================================================= ==================== ==================== ====================
628 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission NZ Company (UK) Italia s.r.l. Operations B.V. Limited (Inactive) Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $16,772 - - Accounts payable (37,838) $148 - Accrued taxes 1,289 248 - Accrued interest 1,942 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 208 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (17,835) 604 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 82,641 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 34,481 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 727 - Accumulated provision for pension and benefits - - - Other long-term liabilities - (379) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 34,481 348 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 631 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 22,750 12 - Additional paid-in capital 11,619 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (5,497) (1) - Unrealized gain in equity securities-net - - - Retained earnings 74,838 139 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 103,710 150 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $203,628 $1,102 - ============================================================= ==================== ==================== ====================
629 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 $150 - - Accounts payable (6,476) - $61 Accrued taxes (335) - 162 Accrued interest 1,941 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (4,720) - 222 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 99,264 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 34,449 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 34,449 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 449 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 14 Additional paid-in capital 150 - 224,992 Accumulated other comprehensive income: Cumulative translation adjustments - net 7,294 - - Unrealized gain in equity securities-net - - - Retained earnings 8,724 - (6,940) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 16,168 - 218,066 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $145,610 - $218,288 ============================================================= ==================== ==================== ====================
630 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (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 - - $2,638 Accounts payable $4 $6,806 56,823 Accrued taxes (5) - (13,821) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1) 6,806 45,640 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 133,067 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1,659) (55) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1,659) (55) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 420,752 Additional paid-in capital - - 1,525,519 Accumulated other comprehensive income: Cumulative translation adjustments - net - (87,462) 39,516 Unrealized gain in equity securities-net - - Retained earnings (10) (18,489) (30,243) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 10 (105,951) 1,955,544 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9 $32,263 $2,001,129 ============================================================= ==================== ==================== ====================
631 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating MEC International Adjustments B.V. Consolidated - ------------------------------------------------------------- --------------------- ------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- --------------------- ------------------- -------------------- Short-term debt $1 $28,714 - Current portion of long-term debt (7,561) 1,154,709 - Accounts payable 125,029 92,273 - Accrued taxes 44,961 44,102 - Accrued interest 46,552 88,700 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 107,515 123,130 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total current liabilities 316,497 1,531,628 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Long-term debt (75,828) 1,919,004 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Accumulated deferred income taxes - net 190,504 1,080,071 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (2,899) 460,011 - Accumulated provision for pension and benefits - - - Other long-term liabilities 58,281 61,207 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total deferred credits & other liabilities 245,886 1,601,289 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Minority Interest 119,841 161,284 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - 176,760 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total preferred securities of subsidiaries - 176,760 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Common stock (759,498) 420,753 - Additional paid-in capital (785,031) 1,796,244 - Accumulated other comprehensive income: Cumulative translation adjustments - net 12,522 (149,449) - Unrealized gain in equity securities-net - - Retained earnings 264,363 552,155 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total common shareholders' equity (1,267,644) 2,619,703 - - ------------------------------------------------------------- --------------------- ------------------- -------------------- Total liabilities and shareholders' equity ($661,248) $8,009,668 - ============================================================= ===================== =================== ====================
632 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Adelaide Ventures Beheer-en Valley Power Pty Ltd. Beleggingsmaat Ltd [6] schappij Botara B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($4) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (4) - Income taxes - (1) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (3) - Retained earnings - beginning of year - (8) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($11) - =============================================================== ==================== ==================== ====================
633 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Beheer-en Edison Mission Edison Mission Beleggingsmaat Advantage B.V. Energy Asia Pte schappij Jydeno (Inactive) Ltd. Consolidated B.V. (Inactive) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $27,047 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 27,047 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - Other operation and maintenance $4 - 22,974 Depreciation, decommissioning and amortization - - 793 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4 - 23,767 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (4) - 3,280 Interest and dividend income - - (5,651) Other nonoperating income (deductions)-net (1) ($2) 1,039 Interest expense - - 68 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (5) (2) (1,264) Income taxes - - 536 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (5) (2) (1,800) Retained earnings - beginning of year - - 30,342 Dividends declared on common stock - - (2,469) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($5) ($2) $26,073 =============================================================== ==================== ==================== ====================
634 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Energy Services Millennium B.V. International B.V. B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $35 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 35 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (35) Interest and dividend income - - - Other nonoperating income (deductions)-net ($5) ($5) (59) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (5) (5) (94) Income taxes 71 (2) (24) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (76) (3) (70) Retained earnings - beginning of year 21 (9) (12) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($55) ($12) ($82) =============================================================== ==================== ==================== ====================
635 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission Italian Vento Operation & Wind Power Italy Power Corporation Maintenance B.V. 4 S.r.l. [6] Services B.V. Consolidated - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $145 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 145 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $30 3 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 30 3 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (loss) (30) 142 - Interest and dividend income 3 196 - Other nonoperating income (deductions)-net (44) (3) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (71) 335 - Income taxes (1) 69 - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (70) 266 - Retained earnings - beginning of year (2) - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ---------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($72) $266 - ================================================================ ==================== ==================== ====================
636 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Atlantic EME Tri Gen B.V. EME Victoria B.V. Holdings Limited (Inactive) Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $141 $168 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 141 168 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 17 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 17 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 124 168 - Interest and dividend income 110 - - Other nonoperating income (deductions)-net (913) (6) ($5) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (679) 162 (5) Income taxes (244) (2) (2) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (435) 164 (3) Retained earnings - beginning of year - (10) (23) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($435) $154 ($26) =============================================================== ==================== ==================== ====================
637 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Global Generation Hydro Energy B.V. Iberian B.V. Consolidated Consolidated Hy-Power Amsterdam B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $689,729 $22,409 $22,409 Nonutility power generation - - - Financial services and other 2,981 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 692,710 22,409 22,409 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 272,797 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 164,553 3,421 4,037 Depreciation, decommissioning and amortization 100,155 3,850 3,908 Property and other taxes 28,009 96 96 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 565,514 7,367 8,041 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (loss) 127,196 15,042 14,368 Interest and dividend income 44,512 266 440 Other nonoperating income (deductions)-net (28,006) 266 84 Interest expense (155,874) (8,320) (8,465) Other nonoperating deductions - (185) (185) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (12,172) 7,069 6,242 Income taxes (10,406) 2,644 2,436 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1,766) 4,425 3,806 Retained earnings - beginning of year 13,310 846 2,359 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $11,544 $5,271 $6,165 =============================================================== ==================== ==================== ====================
638 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Latrobe Power Pty. Loy Yang Holdings MEC Esenyurt B.V. Ltd. Consolidated Pty. Ltd. Consolidated Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $143,259 - $98,944 Nonutility power generation - - - Financial services and other - $12,489 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 143,259 12,489 98,944 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 17,511 - 60,130 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 22,858 13,622 5,232 Depreciation, decommissioning and amortization 25,678 530 8,497 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 66,047 14,152 73,859 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 77,212 (1,663) 25,085 Interest and dividend income 22,266 392 2,990 Other nonoperating income (deductions)-net (35) (57) (265) Interest expense (58,956) - (17,885) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 40,487 (1,328) 9,925 Income taxes 11,284 (284) (242) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 29,203 (1,044) 10,167 Retained earnings - beginning of year 108,996 25,265 949 Dividends declared on common stock (26,475) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $111,724 $24,221 $11,116 =============================================================== ==================== ==================== ====================
639 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
MEC IES B.V. ISAB Energy MEC India B.V. Services s.r.l. [6] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $834 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 834 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance 226 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 226 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 608 - - Interest and dividend income 2 - - Other nonoperating income (deductions)-net 1 - ($5) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 611 - (5) Income taxes (2) - (1) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 613 - (4) Retained earnings - beginning of year (200) - (24) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $413 - ($28) =============================================================== ==================== ==================== ====================
640 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission MEC Indo Coal B.V. MEC Indonesia B.V. Energy Power [6] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $570 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 570 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 22 - Depreciation, decommissioning and amortization - 586 $42 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 608 42 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (38) (42) Interest and dividend income - 35 - Other nonoperating income (deductions)-net - 284 (6) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 281 (48) Income taxes - (2,927) (2) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 3,208 (46) Retained earnings - beginning of year - 5,193 1,228 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $8,401 $1,182 =============================================================== ==================== ==================== ====================
641 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
MEC International MEC Laguna Power Gulf Power Holdings B.V. B.V. Generation Co. Ltd. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net ($7) ($3) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (7) (3) - Income taxes (2) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (5) (3) - Retained earnings - beginning of year 504 (19) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $499 ($22) - =============================================================== ==================== ==================== ====================
642 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
MEC Perth B.V. MEC Priolo B.V. MEC San Pascual B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $34,622 - - Nonutility power generation - - - Financial services and other - ($13,968) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 34,622 (13,968) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 18,164 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2,558 582 $6 Depreciation, decommissioning and amortization 3,139 - - Property and other taxes - 575 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 23,861 1,157 6 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 10,761 (15,125) (6) Interest and dividend income 1,867 - - Other nonoperating income (deductions)-net 8,357 7 (9) Interest expense (5,730) - - Other nonoperating deductions (949) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 14,306 (15,118) (15) Income taxes 4,767 5 (3) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 9,539 (15,123) (12) Retained earnings - beginning of year 12,248 (528) (25) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $21,787 ($15,651) ($37) =============================================================== ==================== ==================== ====================
643 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
MEC Sidi Krir B.V. MEC Sumatra B.V. MEC Wales B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - $51 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 51 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (51) Interest and dividend income - - 14,002 Other nonoperating income (deductions)-net ($5) ($5) 92 Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (5) (5) 14,043 Income taxes (2) (2) 34 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3) (3) 14,009 Retained earnings - beginning of year (23) (24) 300,439 Dividends declared on common stock - - (267,000) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($26) ($27) $47,448 =============================================================== ==================== ==================== ====================
644 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Mission Energy Mission Energy Mission NZ Company (UK) Italia s.r.l. Operations B.V. Limited (Inactive) Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $92,098 - - Nonutility power generation - - - Financial services and other 32,933 $2,294 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 125,031 2,294 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,384 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 40,065 2,525 - Depreciation, decommissioning and amortization 11,261 65 - Property and other taxes 2,517 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 95,227 2,590 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 29,804 (296) - Interest and dividend income 1,969 5 - Other nonoperating income (deductions)-net (43) 14 - Interest expense (7,051) - - Other nonoperating deductions (161) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 24,518 (277) - Income taxes 6,110 (158) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 18,408 (119) - Retained earnings - beginning of year 54,074 258 - Dividends declared on common stock 2,356 - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $74,838 $139 - =============================================================== ==================== ==================== ====================
645 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Pride Hold Limited Rillington EcoElectrica Consolidated Holdings Limited S.a.r.l. (Inactive) Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $92,098 - - Nonutility power generation - - - Financial services and other - - ($2,592) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 92,098 (2,592) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 41,306 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 14,084 - 13 Depreciation, decommissioning and amortization 7,579 - 4,798 Property and other taxes 1,954 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 64,923 - 4,811 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 27,175 - (7,403) Interest and dividend income (45,129) - 435 Other nonoperating income (deductions)- net - - (3) Interest expense (6,599) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (24,553) - (6,971) Income taxes 5,372 - 147 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (29,925) - (7,118) Retained earnings - beginning of year 47,965 - 178 Dividends declared on common stock (9,316) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $8,724 - ($6,940) =============================================================== ==================== ==================== ====================
646 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Southwestern Traralgon Power MEC International Generation B.V. Pty. Ltd. B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - $941 Depreciation, decommissioning and amortization - - 547 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 1,488 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (1,488) Interest and dividend income - $768 27,763 Other nonoperating income (deductions)-net ($5) - (267) Interest expense - - (38,030) Other nonoperating deductions - - 161 Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (5) 768 (11,861) Income taxes (2) 9,359 679 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (3) (8,591) (12,540) Retained earnings - beginning of year (7) (9,898) (19,162) Dividends declared on common stock - - 1,459 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($10) ($18,489) ($30,243) =============================================================== ==================== ==================== ====================
647 MEC International B.V. and Subsidiaries [Tier 5] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating MEC International Adjustments B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $217,128 $1,412,696 - Nonutility power generation - - - Financial services and other (63,042) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 154,086 1,412,696 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 26,918 478,210 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 48,297 346,105 - Depreciation, decommissioning and amortization 10,902 182,381 - Property and other taxes (32,701) 546 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 53,416 1,007,242 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 100,670 405,454 - Interest and dividend income (52,988) 14,253 - Other nonoperating income (deductions)-net 80,367 60,743 - Interest expense 25,014 (281,828) - Other nonoperating deductions (29,617) (30,936) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 123,446 167,686 - Income taxes 18,341 47,545 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 105,105 120,141 - Retained earnings - beginning of year (142,187) 432,014 - Dividends declared on common stock 301,445 - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $264,363 $552,155 - =============================================================== ==================== ==================== ====================
648 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - $12 Receivables - net - - 15,580 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 15,592 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $15,592 ============================================================= ==================== ==================== ====================
649 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - ------------------------------------------------------------- -------------------- -------------------- ---------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Cash and equivalents $2,516 $477 ($14) Receivables - net 358 124 (592) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 541 667 (15) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total current assets 3,415 1,268 (563) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Nonutility property - net - 1,270 (24) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 321,344 (13,219) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total investment and other assets - 322,614 (13,250) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Regulatory assets - net - - - Other deferred charges - 148 (5) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total deferred charges - 148 (5) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total assets $3,415 $324,030 ($12,691) ============================================================= ==================== ==================== ======================
650 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Energy Asia Pte Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,991 - - Receivables - net 16,654 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,193 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20,838 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,246 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 308,119 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 309,365 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 143 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 143 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $330,346 - - ============================================================= ==================== ==================== ====================
651 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - $15,106 Accrued taxes - - 3 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 15,109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 146 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 146 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 73 Unrealized gain in equity securities-net - - - Retained earnings - - 264 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 337 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $15,592 ============================================================= ==================== ==================== ====================
652 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $640 ($21,950) $2,017 Accrued taxes 693 216 (8) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total current liabilities 1,333 (21,734) 2,009 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Long-term debt - - 79 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Accumulated deferred income taxes - net - 712 (31) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 3,205 (3,205) Accumulated provision for pension and benefits - - - Other long-term liabilities - 82 3,004 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total deferred credits & other liabilities - 3,999 (232) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Preferred stock of utility: 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 71,415 Additional paid-in capital 1,500 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 87,052 (87,965) Unrealized gain in equity securities-net - - - Retained earnings 582 23,224 2,003 - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total common shareholders' equity 2,082 341,765 (14,547) - ------------------------------------------------------------- -------------------- -------------------- ---------------------- Total liabilities and shareholders' equity $3,415 $324,030 ($12,691) ============================================================= ==================== ==================== ======================
653 MEC International B.V. Edison Mission Energy Asia Pte Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($4,187) - - Accrued taxes 904 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (3,283) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 79 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 827 - - Accumulated deferred investment - - - tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 3,086 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 3,913 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 302,904 - - Additional paid-in capital 1,500 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (840) - - Unrealized gain in equity securities-net - - Retained earnings 26,073 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 329,637 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $330,346 - - ============================================================= ==================== ==================== ====================
654 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, 2000 (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 - - - Nonutility power generation - - - Financial services and other - - $2,161 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 2,161 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 2,161 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 2,161 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - 558 Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - 558 Income taxes - - 187 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - 371 Retained earnings - beginning of year $7 - (107) Dividends declared on common stock ($7) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - $264 =============================================================== ==================== ==================== ====================
655 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, 2000 (In thousands)
P.T. Edison Edison Mission Consolidating Mission Operation Energy Asia Pte Adjustments & Maintenance Ltd. Indonesia - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $6,080 - $18,806 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 6,080 18,806 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,961 $17,541 (1,689) Depreciation, decommissioning and amortization - 742 51 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,961 18,283 (1,638) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 1,119 (18,283) 20,444 Interest and dividend income - (5,387) (264) Other nonoperating income (deductions)-net (20) 20,665 (20,164) Interest expense 71 - (3) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1,170 (3,005) 13 Income taxes 428 (88) 9 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 742 (2,917) 4 Retained earnings - beginning of year 961 26,141 3,340 Dividends declared on common stock (1,121) - (1,341) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $582 $23,224 $2,003 =============================================================== ==================== ==================== ====================
656 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, 2000 (In thousands)
Edison Mission Energy Asia Pte Ltd. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $27,047 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 27,047 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 22,974 - - Depreciation, decommissioning and amortization 793 - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 23,767 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 3,280 - - Interest and dividend income (5,651) - - Other nonoperating income (deductions)-net 1,039 - - Interest expense 68 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,264) - - Income taxes 536 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1,800) - - Retained earnings - beginning of year 30,342 - - Dividends declared on common stock (2,469) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $26,073 - - =============================================================== ==================== ==================== ====================
657 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Caliraya B.V. EME Kayalaan B.V. Edison Mission Millennium B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
658 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Millennium B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $262 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 262 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 413 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 413 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $675 - ============================================================= ==================== ==================== ====================
659 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Caliraya B.V. EME Kayalaan B.V. Edison Mission Millennium B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
660 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Millennium B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $214 - Accrued taxes - (32) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 182 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - Additional paid-in capital - 559 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - (82) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 493 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $675 - ============================================================= ==================== ==================== ====================
661 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Caliraya B.V. EME Kayalaan B.V. Edison Mission Millennium B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $35 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 35 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (35) Interest and dividend income - - - Other nonoperating income (deductions)-net - - (59) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (94) Income taxes - - (24) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - (70) Retained earnings - beginning of year - - (12) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($82) =============================================================== ==================== ==================== ====================
662 MEC International B.V. Edison Mission Millennium B.V. and Subsidiaries[Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Millennium B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $35 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 35 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (35) - Interest and dividend income - - - Other nonoperating income (deductions)-net - (59) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (94) - Income taxes - (24) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (70) - Retained earnings - beginning of year - (12) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($82) - =============================================================== ==================== ==================== ====================
663 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission EME Philippines Edison Mission Operation & O&M Corporation Operation & Maintenance Maintenance (Thailand) Company Services, B.V. Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $103 $182 $6 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 103 182 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 412 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 412 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $103 $184 $418 ============================================================= ==================== ==================== ====================
664 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Operation & Maintenance Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $291 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 291 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($309) 103 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (309) 103 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 2 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($309) $396 - ============================================================= ==================== ==================== ====================
665 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission EME Philippines Edison Mission Operation & O&M Corporation Operation & Maintenance Maintenance (Thailand) Company Services, B.V. Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $1 $34 $8 Accrued taxes - - (6) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1 34 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 103 206 19 Additional paid-in capital - - 412 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1) (56) (15) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 102 150 416 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $103 $184 $418 ============================================================= ==================== ==================== ====================
666 MEC International B.V. Edison Mission Operation and Maintenance Services, B.V. and Subsidiaries[Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Operation & Maintenance Services B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $43 - Accrued taxes - (6) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 37 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 412 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (72) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (309) 359 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($309) $396 - ============================================================= ==================== ==================== ====================
667 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, 2000 (In thousands)
Edison Mission EME Philippines Edison Mission Operation & O&M Corporation Operation & Maintenance Maintenance (Thailand) Company Services, B.V. Ltd - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $28 $2 Depreciation, decommissioning and amortization - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 28 2 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (28) (2) Interest and dividend income - 3 - Other nonoperating income (deductions)-net - (38) (6) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (63) (8) Income taxes - - (1) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (63) (7) Retained earnings - beginning of year ($1) 7 (8) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1) ($56) ($15) =============================================================== ==================== ==================== ====================
668 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, 2000 (In thousands)
Consolidating Edison Mission Adjustments Operation & Maintenance Services B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $30 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 30 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (30) - Interest and dividend income - 3 - Other nonoperating income (deductions)-net - (44) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (71) - Income taxes - (1) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (70) - Retained earnings - beginning of year - (2) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($72) - =============================================================== ==================== ==================== ====================
669 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Ascot Limited EME Buckingham EME Precision B.V. Limited [7] [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
670 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Universal EME Pacific EME Atlantic Holdings [9] Holdings [10] Holdings Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $162,201 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 162,201 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 348,629 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 348,629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $510,830 ============================================================= ==================== ==================== ====================
671 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating EME Atlantic Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $162,201 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 162,201 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 348,629 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 348,629 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $510,830 - ============================================================= ==================== ==================== ====================
672 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Ascot Limited EME Buckingham EME Precision B.V. Limited [7] [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
673 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Universal EME Pacific EME Atlantic Holdings [9] Holdings [10] Holdings Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - $1 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (245) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 251 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 6 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - - 176,760 Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - - 176,760 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - - 297,642 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - 36,856 Unrealized gain in equity securities-net - - - Retained earnings - - (435) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 334,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $510,830 ============================================================= ==================== ==================== ====================
674 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating EME Atlantic Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - $1 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 1 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (245) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 251 - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 6 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: Not subject to mandatory redemption - - - Subject to mandatory redemption - 176,760 - Company-obligated mandatorily redeemable securities of subsidiaries holding solely parent company debentures - - - Other preferred securities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total preferred securities of subsidiaries - 176,760 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Common stock - 297,642 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - 36,856 - Unrealized gain in equity securities-net - - - Retained earnings - (435) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 334,063 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $510,830 - ============================================================= ==================== ==================== ====================
675 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Ascot Limited EME Buckingham EME Precision B.V. Limited [7] [8] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
676 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME Universal EME Pacific EME Atlantic Holdings [9] Holdings [10] Holdings Limited - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - $141 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 141 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 17 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 17 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - 124 Interest and dividend income - - 110 Other nonoperating income (deductions)-net - - (913) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (679) Income taxes - - (244) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - (435) Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($435) =============================================================== ==================== ==================== ====================
677 MEC International B.V. EME Atlantic Holdings Limited and Subsidiaries[Tier 6, et seq.] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating EME Atlantic Adjustments Holdings Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $141 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 141 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 17 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 17 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 124 - Interest and dividend income - 110 - Other nonoperating income (deductions)-net - (913) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (679) - Income taxes - (244) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (435) - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($435) - =============================================================== ==================== ==================== ====================
678 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $161 $365,286 - Receivables - net 18 74,904 - Fuel inventory - 166,838 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 54,638 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 179 661,666 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1,965,403 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 17,067 - Investments in leveraged leases - - - Other investments 478,560 514,506 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 478,560 2,496,976 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 35,532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 35,532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $478,739 $3,194,174 - ============================================================= ==================== ==================== ====================
679 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Global Generation Consolidating Global Generation B.V. Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $152 ($1) $365,598 Receivables - net - - 74,922 Fuel inventory - - 166,838 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (34,867) 19,771 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 152 (34,868) 627,129 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 794,711 2,760,114 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 924,743 (941,810) - Investments in leveraged leases - - - Other investments - (993,066) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 924,743 (1,140,165) 2,760,114 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 35,532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 35,532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $924,895 ($1,175,033) $3,422,775 ============================================================= ==================== ==================== ====================
680 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - $28,713 - Current portion of long-term debt - - - Accounts payable $117 145,494 - Accrued taxes - 11,609 - Accrued interest - 76,816 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue and other current liabilities - 14,120 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 117 276,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 2,480,600 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 8,246 - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 8,246 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 478,560 422,366 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (8) (5,812) - Unrealized gain in equity securities-net - - - Retained earnings 70 12,022 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 478,622 428,576 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $478,739 $3,194,174 - ============================================================= ==================== ==================== ====================
681 MEC International B.V. Global Generation B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Global Generation Consolidating Global Generation B.V. Adjustments B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $28,713 Current portion of long-term debt - $1,106,711 1,106,711 Accounts payable $282,362 1 427,974 Accrued taxes (4,145) (2,373) 5,091 Accrued interest 14,542 (49,641) 41,717 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue and other current liabilities - - 14,120 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 292,759 1,054,698 1,624,326 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 224,325 (2,102,718) 602,207 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 778,195 778,195 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 8,246 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 778,195 786,441 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (900,926) 40 Additional paid-in capital 443,338 - 443,338 Accumulated other comprehensive income: Cumulative translation adjustments - net 155 (39,456) (45,121) Unrealized gain in equity securities-net - - - Retained earnings (35,722) 35,174 11,544 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 407,811 (905,208) 409,801 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $924,895 ($1,175,033) $3,422,775 ============================================================= ==================== ==================== ====================
682 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, 2000 (In thousands)
Caresale Services Edison First Power Redbill Contracts Limited Holdings I Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $689,729 - Nonutility power generation - - - Financial services and other - 10,892 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 700,621 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 272,346 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $10 172,806 - Depreciation, decommissioning and amortization - 89,321 - Property and other taxes - 27,949 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10 562,422 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (10) 138,199 - Interest and dividend income 4 19,341 - Other nonoperating income (deductions)-net - 37 - Interest expense - (140,571) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (6) 17,006 - Income taxes 19 9,318 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (25) 7,688 - Retained earnings - beginning of year 95 9,592 - Dividends declared on common stock - (5,258) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $70 $12,022 - =============================================================== ==================== ==================== ====================
683 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, 2000 (In thousands)
Global Generation Consolidating Global Generation B.V. Adjustments B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $689,729 Nonutility power generation - - - Financial services and other - ($7,911) 2,981 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (7,911) 692,710 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 451 272,797 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $9 (8,272) 164,553 Depreciation, decommissioning and amortization - 10,834 100,155 Property and other taxes - 60 28,009 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9 3,073 565,514 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (9) (10,984) 127,196 Interest and dividend income 25,166 1 44,512 Other nonoperating income (deductions)-net (28,006) (37) (28,006) Interest expense (24,840) 9,537 (155,874) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (27,689) (1,483) (12,172) Income taxes 104 (19,847) (10,406) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (27,793) 18,364 (1,766) Retained earnings - beginning of year (7,929) 11,552 13,310 Dividends declared on common stock - 5,258 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($35,722) $35,174 $11,544 =============================================================== ==================== ==================== ====================
684 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Caresale Services Edison Mission EME Finance UK Limited Marketing and Limited Services Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $369 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 3 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 11,938 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 11,938 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $12,310 - ============================================================= ==================== ==================== ====================
685 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
South Australian Energy Generation Maplekey Holdings Holdings Ltd. Finance PLC Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $146,932 Receivables - net - - 74,573 Fuel inventory - - 166,838 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 54,611 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 442,954 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,953,464 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - 400,125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 2,353,589 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $2,830,594 ============================================================= ==================== ==================== ====================
686 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison First Power Consolidating Edison First Power Holdings I Adjustments Holdings I Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $217,984 $1 $365,286 Receivables - net 330 1 74,904 Fuel inventory - - 166,838 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 24 - 54,638 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 218,338 2 661,666 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 1 1,965,403 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 17,067 - 17,067 Investments in leveraged leases - - - Other investments 114,381 - 514,506 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 131,448 1 2,496,976 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,480 1 35,532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,480 1 35,532 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $351,266 $4 $3,194,174 ============================================================= ==================== ==================== ====================
687 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Caresale Services Edison Mission EME Finance UK Limited Marketing and Limited Services Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - $12,115 ($88,942) Accrued taxes - 164 - Accrued interest - - 2,226 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - 189 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 12,468 (86,716) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 86,739 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (47) (20) Unrealized gain in equity securities-net - - - Retained earnings - (111) (3) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (158) ($23) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $12,310 - ============================================================= ==================== ==================== ====================
688 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
South Australian Energy Generation Maplekey Holdings Holdings Ltd. Finance PLC Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $28,713 Current portion of long-term debt - - 342,469 Accounts payable - - 219,269 Accrued taxes - - 1,511 Accrued interest - - 59,679 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - 13,955 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 665,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,169,536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 8,246 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,246 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $18 7,477 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - (3,258) Unrealized gain in equity securities-net - - Retained earnings - ($18) (17,003) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - (12,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $2,830,594 ============================================================= ==================== ==================== ====================
689 MEC International B.V., Global Generation B.V. Edison First Power Holdings I and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison First Power Consolidating Edison First Power Holdings I Adjustments Holdings I Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $28,713 Current portion of long-term debt ($342,469) - - Accounts payable 3,051 $1 145,494 Accrued taxes 9,934 - 11,609 Accrued interest 14,909 2 76,816 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (25) 1 14,120 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (314,600) 4 276,752 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 224,325 - 2,480,600 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 8,246 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,246 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 414,870 1 422,366 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (2,488) 1 (5,812) Unrealized gain in equity securities-net - - - Retained earnings 29,159 (2) 12,022 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 441,541 - 428,576 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $351,266 $4 $3,194,174 ============================================================= ==================== ==================== ====================
690 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, 2000 (In thousands)
Caresale Services Edison Mission EME Finance UK Limited Marketing and Limited Services Limited - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $6,862 $4,029 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 6,862 4,029 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 6,238 4,020 Depreciation, decommissioning and amortization - 596 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 6,834 4,020 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 28 9 Interest and dividend income - 11 - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 39 9 Income taxes - 150 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (111) 9 Retained earnings - beginning of year - - (12) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($111) ($3) =============================================================== ==================== ==================== ====================
691 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, 2000 (In thousands)
South Australian Energy Generation Maplekey Holdings Holdings Ltd. Finance PLC Limited Consolidated Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $689,729 Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 689,729 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 272,346 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $10 160,904 Depreciation, decommissioning and amortization - - 88,725 Property and other taxes - - 27,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 10 549,924 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (10) 139,805 Interest and dividend income - - 6,846 Other nonoperating income (deductions)-net - - - Interest expense - - (157,740) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (10) (11,089) Income taxes - - (2,238) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (10) (8,851) Retained earnings - beginning of year - (8) (2,896) Dividends declared on common stock - - (5,256) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($18) ($17,003) ============================================================= ==================== ==================== ====================
692 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, 2000 (In thousands)
Edison First Power Consolidating Edison First Power Holdings I Adjustments Holdings I Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $689,729 Nonutility power generation - - - Financial services and other - $1 10,892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1 700,621 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 272,346 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1,632 2 172,806 Depreciation, decommissioning and amortization - - 89,321 Property and other taxes - - 27,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,632 2 562,422 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,632) (1) 138,199 Interest and dividend income 12,483 1 19,341 Other nonoperating income (deductions)-net 37 - 37 Interest expense 17,168 1 (140,571) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 28,056 1 17,006 Income taxes 11,405 1 9,318 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 16,651 - 7,688 Retained earnings - beginning of year 12,508 - 9,592 Dividends declared on common stock - (2) (5,258) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $29,159 ($2) $12,022 ============================================================= ==================== ==================== ====================
693 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission EME International Retail Pty Ltd. Utilities Pty. Ltd. Dragon Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
694 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 2000 (In thousands)
South Australian Consolidating South Australian 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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
695 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission EME International Retail Pty Ltd. Utilities Pty. Ltd. Dragon Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 ($404,694) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (404,694) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($404,694) - - ============================================================= ==================== ==================== ====================
696 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Balance Sheet December 31, 2000 (In thousands)
South Australian Consolidating South Australian 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 liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $404,694 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 404,694 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $404,694 - ============================================================= ==================== ==================== ====================
697 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission Edison Mission EME International Retail Pty Ltd. Utilities Pty. Ltd. Dragon Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel $273,660 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 273,660 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (273,660) - - Interest and dividend income - - - Other nonoperating income (deductions)-net Interest expense (131,034) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (404,694) - - Income taxes - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (404,694) - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($404,694) - - =============================================================== ==================== ==================== ====================
698 MEC International B.V., Global Generation B.V. Edison First Power Holdings I South Australian Holdings Ltd. and Subsidiaries [Tier 8] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
South Australian Consolidating South Australian Holdings Ltd. Adjustments Holdings Ltd. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - ($273,660) - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (273,660) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 273,660 - Interest and dividend income - - - Other nonoperating income (deductions)-net Interest expense - 131,034 - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 404,694 - Income taxes - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 404,694 - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $404,694 - =============================================================== ==================== ==================== ====================
699 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
700 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME International Consolidating EME International Dragon Limited Adjustments Dragon Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
701 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 2000 (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 liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
702 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME International Consolidating EME International Dragon Limited Adjustments Dragon Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
703 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission EME Adelaide EME Monet Ltd. Ausone Pty Ltd. Energy Ltd. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
704 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited and Subsidiaries [Tier 9] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
EME International Consolidating EME International Dragon Limited Adjustments Dragon Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
705 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission De Edison Mission EME Monet Ltd. Laide Pty Ltd. Vendesi Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
706 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 2000 (In thousands)
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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
707 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission De Edison Mission EME Monet Ltd. Laide Pty Ltd. Vendesi Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
708 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Balance Sheet December 31, 2000 (In thousands)
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 liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - - ============================================================= ==================== ==================== ====================
709 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Edison Mission De Edison Mission EME Monet Ltd. Laide Pty Ltd. Vendesi Pty Ltd. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
710 MEC International B.V., Global Generation B.V. Edison First Power Holdings I, South Australian Holdings Ltd. EME International Dragon Limited, EME Monet Ltd. and Subsidiaries [Tier 10] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating EME Monet Ltd. Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year - - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - - =============================================================== ==================== ==================== ====================
711 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, 2000 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $146,932 Receivables - net - - 74,573 Fuel inventory - - 166,838 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 54,611 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 442,954 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,953,464 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $7,477 $7,477 - Investments in leveraged leases - - - Other investments 400,125 400,125 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 407,602 407,602 1,953,464 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $407,602 $407,602 $2,430,469 ============================================================= ==================== ==================== ====================
712 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, 2000 (In thousands)
Maplekey Holdings Consolidating Maplekey Holdings Limited Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $146,932 Receivables - net - - 74,573 Fuel inventory - - 166,838 Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 54,611 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 442,954 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,953,464 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $7,477 ($22,431) - Investments in leveraged leases - - - Other investments 400,125 (800,250) 400,125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 407,602 (822,681) 2,353,589 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 34,051 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $407,602 ($822,681) $2,830,594 ============================================================= ==================== ==================== ====================
713 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, 2000 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $28,713 Current portion of long-term debt $342,469 $342,469 - Accounts payable 23 23 219,201 Accrued taxes - - 1,511 Accrued interest 57,656 57,656 59,678 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 13,955 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 400,148 400,148 323,058 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,169,536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 8,246 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,246 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 7,477 7,477 7,477 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 1 1 (1,344) Unrealized gain in equity securities-net - - Retained earnings (24) (24) (76,504) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,454 7,454 (70,371) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $407,602 $407,602 $2,430,469 ============================================================= ==================== ==================== ====================
714 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, 2000 (In thousands)
Maplekey Holdings Consolidating Maplekey Holdings Limited Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - $28,713 Current portion of long-term debt $342,469 ($684,938) 342,469 Accounts payable 23 (1) 219,269 Accrued taxes - - 1,511 Accrued interest 57,656 (172,967) 59,679 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 13,955 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 400,148 (857,906) 665,596 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 2,169,536 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 8,246 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,246 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 7,477 (22,431) 7,477 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 1 (1,917) (3,258) Unrealized gain in equity securities-net - - - Retained earnings (24) 59,573 (17,003) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,454 35,225 (12,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $407,602 ($822,681) $2,830,594 ============================================================= ==================== ==================== ====================
715 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, 2000 (In thousands)
Maplekey UK Maplekey UK Edison First Power Finance Limited Limited [9] Limited [10] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $689,729 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 689,729 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 272,346 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $10 $11 160,873 Depreciation, decommissioning and amortization - - 88,725 Property and other taxes - - 27,949 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 10 11 549,893 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (10) (11) 139,836 Interest and dividend income - - 6,846 Other nonoperating income (deductions)-net - - - Interest expense - - (198,857) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (10) (11) (52,175) Income taxes - - (2,238) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (10) (11) (49,937) Retained earnings - beginning of year (14) (13) (21,312) Dividends declared on common stock - - (5,255) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($24) ($24) ($76,504) =============================================================== ==================== ==================== ====================
716 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, 2000 (In thousands)
Maplekey Holdings Consolidating Maplekey Holdings Limited Adjustments Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $689,729 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 689,729 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 272,346 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $11 ($1) 160,904 Depreciation, decommissioning and amortization - - 88,725 Property and other taxes - - 27,949 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 11 (1) 549,924 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (11) 1 139,805 Interest and dividend income - - 6,846 Other nonoperating income (deductions)-net - - - Interest expense - 41,117 (157,740) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (11) 41,118 (11,089) Income taxes - - (2,238) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (11) 41,118 (8,851) Retained earnings - beginning of year (13) 18,456 (2,896) Dividends declared on common stock - (1) (5,256) Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($24) $59,573 ($17,003) =============================================================== ==================== ==================== ====================
MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [8] Ebro, S.L. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $6,582 $55 - Receivables - net 5,182 3,236 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 387 141 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 12,151 3,432 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 44,510 7,589 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,241 40 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 52,751 7,629 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 3,998 39,848 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,998 39,848 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $68,900 $50,909 ============================================================= ==================== ==================== ====================
718 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Hydro Energy B.V Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($3,768) $2,869 Receivables - net - (1,678) 6,740 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 114 642 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (5,332) 10,251 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 49,215 101,314 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $24,870 (35,152) (2,001) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 24,870 14,063 99,313 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - (40,883) 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (40,883) 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,870 ($32,152) $112,527 ============================================================= ==================== ==================== ====================
719 MEC International B.V. Hydro Energy B.V.and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [8] Ebro, S.L. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $2,373 $5,421 - Accounts payable 804 2,084 - Accrued taxes 650 - - Accrued interest 98 72 - Dividends payable - - - Regulatory liabilities - net - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities 162 6,629 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4,087 14,206 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 32,444 30,940 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 6 - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 6 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 432 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 17,721 82 - Additional paid-in capital 10,877 168 - Accumulated other comprehensive income: Cumulative translation adjustments - net 2,397 368 - Unrealized gain in equity securities-net - Retained earnings 1,368 4,713 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 32,363 5,331 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $68,900 $50,909 - ============================================================= ==================== ==================== ====================
720 MEC International B.V. Hydro Energy B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $564 ($634) $7,724 Accounts payable 2,117 (14,879) (9,874) Accrued taxes (14) 515 1,151 Accrued interest - 1,862 2,032 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - Other current liabilities - (6,791) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,667 (19,927) 1,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 27,000 35,911 126,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 8,937 8,937 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (6) - Accumulated provision for pension and benefits - - - Other long-term liabilities - (51) (51) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 8,880 8,886 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 103 535 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (16,978) 849 Additional paid-in capital - (2,300) 8,745 Accumulated other comprehensive income: Cumulative translation adjustments - net 4,973 (46,825) (39,087) Unrealized gain in equity securities-net - - Retained earnings (9,794) 8,984 5,271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (4,797) (57,119) (24,222) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $24,870 ($32,152) $112,527 ============================================================= ==================== ==================== ====================
721 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, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [8] Ebro, S.L. [7] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $11,161 $7,261 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 11,161 7,261 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 2,351 1,206 - Depreciation, decommissioning and amortization 1,485 2,380 - Property and other taxes 57 44 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3,893 3,630 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 7,268 3,631 - Interest and dividend income 474 9 - Other nonoperating income (deductions)-net (128) (159) Interest expense (2,641) (3,400) - Other nonoperating deductions - (5) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 4,973 76 - Income taxes 1,818 (32) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 3,155 108 - Retained earnings - beginning of year 1,220 - - Dividends declared on common stock (3,007) 4,605 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,368 $4,713 - =============================================================== ==================== ==================== ====================
722 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, 2000 (In thousands)
Hydro Energy B.V Consolidating Hydro Energy B.V. Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $3,987 $22,409 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,987 22,409 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (136) 3,421 Depreciation, decommissioning and amortization - (15) 3,850 Property and other taxes - (5) 96 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (156) 7,367 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 4,143 15,042 Interest and dividend income - (217) 266 Other nonoperating income (deductions)-net $34 519 266 Interest expense - (2,279) (8,320) Other nonoperating deductions - (180) (185) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 34 1,986 7,069 Income taxes 12 846 2,644 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 22 1,140 4,425 Retained earnings - beginning of year (9,816) 9,442 846 Dividends declared on common stock - (1,598) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,794) $8,984 $5,271 =============================================================== ==================== ==================== ====================
723 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberian EME Desarrello Hydro Energy B.V. Hy-Power Amsterdam Espana S.L. Consolidated B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,547 $1,458 $2,869 Receivables - net 305 62 6,740 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 642 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,852 1,520 10,251 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 101,314 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 3,053 - (2,001) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,053 - 99,313 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,587 1,473 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,587 1,473 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $6,492 $2,993 $112,527 ============================================================= ==================== ==================== ====================
724 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.L. S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,868 - ($2,868) Receivables - net 6,740 - (6,739) Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 642 - (642) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,250 - (10,249) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 101,314 - (83,373) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (2,001) - 949 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 99,313 - (82,424) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 2,963 - (2,962) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,963 - (2,962) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $112,526 - ($95,635) ============================================================= ==================== ==================== ====================
725 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberian Hy-Power Amsterdam B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $5,874 - - Receivables - net 7,108 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 642 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13,624 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 6,024 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 6,024 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $138,903 - - ============================================================= ==================== ==================== ====================
726 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - $7,724 Accounts payable $12,016 $1,384 (9,874) Accrued taxes (553) - 1,151 Accrued interest - - 2,032 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 11,463 1,384 1,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 126,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (224) 8,937 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 50 (51) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (174) 8,886 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 535 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 849 Additional paid-in capital 965 - 8,745 Accumulated other comprehensive income: Cumulative translation adjustments - net 4 2,264 (39,087) Unrealized gain in equity securities-net - - Retained earnings (7,123) (481) 5,271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (4,968) 1,783 (24,222) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $6,492 $2,993 $112,527 ============================================================= ==================== ==================== ====================
727 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.L. S.A. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $7,160 - ($7,160) Accounts payable (11,991) - 11,991 Accrued taxes 1,166 - (1,166) Accrued interest 2,032 - (2,032) Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,633) - 1,633 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 81,206 - (99,294) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,937 - (8,937) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (51) - 52 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,886 - (8,885) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 535 - (535) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 24,212 - (26,747) Additional paid-in capital 8,745 - (8,745) Accumulated other comprehensive income: Cumulative translation adjustments - net (15,048) - 44,060 Unrealized gain in equity securities-net - - Retained earnings 5,623 - 2,875 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 23,532 - 11,443 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $112,526 - ($95,635) ============================================================= ==================== ==================== ====================
728 MEC International B.V. Iberian Hy-Power Amsterdam B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 598 - - Accrued interest 2,032 - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 13,880 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 108,207 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,713 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,713 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 535 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (500) - - Additional paid-in capital 9,710 Accumulated other comprehensive income: Cumulative translation adjustments - net (7,807) - - Unrealized gain in equity securities-net - - Retained earnings 6,165 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 7,568 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $138,903 - - ============================================================= ==================== ==================== ====================
729 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, 2000 (In thousands)
Iberian EME Desarrello Hydro Energy B.V. Hy-Power Amsterdam Espana S.L. Consolidated B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $22,409 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 22,409 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $615 3,421 Depreciation, decommissioning and amortization $58 - 3,850 Property and other taxes - - 96 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 58 615 7,367 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (58) (615) 15,042 Interest and dividend income 173 - 266 Other nonoperating income (deductions)-net (472) 289 266 Interest expense (144) - (8,320) Other nonoperating deductions - - (185) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (501) (326) 7,069 Income taxes (104) (103) 2,644 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (397) (223) 4,425 Retained earnings - beginning of year (6,726) (258) 846 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($7,123) ($481) $5,271 =============================================================== ==================== ==================== ====================
730 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, 2000 (In thousands)
Iberica de Saltos del Porma, Consolidating Energias, S.L. S.A. Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $22,409 - ($22,409) Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - (22,409) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3,421 - (3,420) Depreciation, decommissioning and amortization 3,850 - (3,850) Property and other taxes 96 - (96) Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,367 - (7,366) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 15,042 - (15,043) Interest and dividend income 266 - (265) Other nonoperating income (deductions)-net 231 - (230) Interest expense (8,320) - 8,319 Other nonoperating deductions (185) - 185 Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 7,034 - (7,034) Income taxes 2,631 (2,632) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 4,403 - (4,402) Retained earnings - beginning of year 1,220 - 7,277 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,623 - $2,875 =============================================================== ==================== ==================== ====================
731 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, 2000 (In thousands)
Iberian Hy-Power Amsterdam B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $22,409 - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 4,037 - - Depreciation, decommissioning and amortization 3,908 - Property and other taxes 96 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 8,041 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 14,368 - - Interest and dividend income 440 - - Other nonoperating income (deductions)-net 84 Interest expense (8,465) - - Other nonoperating deductions (185) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 6,242 - - Income taxes 2,436 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 3,806 - - Retained earnings - beginning of year 2,359 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $6,165 - - =============================================================== ==================== ==================== ====================
732 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [9] Ebro, S.L. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,868 - - Receivables - net 6,740 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 642 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 10,250 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 101,314 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (2,001) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 99,313 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 2,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2,963 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $112,526 - - ============================================================= ==================== ==================== ====================
733 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Hydro Energy B.V. Consolidating Hydro Energy B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $1 $2,869 Receivables - net - - 6,740 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 642 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 1 10,251 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 101,314 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $24,870 (24,870) (2,001) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 24,870 (24,870) 99,313 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 2,963 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $24,870 ($24,869) $112,527 ============================================================= ==================== ==================== ====================
734 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [9] Ebro, S.L. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt Current portion of long-term debt $7,160 - - Accounts payable (11,991) - - Accrued taxes 1,166 - - Accrued interest 2,032 - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,633) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 81,206 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,937 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (51) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,886 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 535 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 24,212 - - Additional paid-in capital 8,745 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (15,048) - - Unrealized gain in equity securities-net - - Retained earnings 5,623 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 23,532 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $112,526 - - ============================================================= ==================== ==================== ====================
735 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 $564 - $7,724 Accounts payable 2,117 - (9,874) Accrued taxes (14) ($1) 1,151 Accrued interest - - 2,032 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 2,667 (1) 1,033 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 27,000 18,089 126,295 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - 8,937 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - (51) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 8,886 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 535 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (23,387) 849 Additional paid-in capital - - 8,745 Accumulated other comprehensive income: Cumulative translation adjustments - net 4,973 (29,012) (39,087) Unrealized gain in equity securities-net - - Retained earnings (9,794) 9,442 5,271 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (4,797) (42,957) (24,222) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $24,870 ($24,869) $112,527 ============================================================= ==================== ==================== ====================
736 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, 2000 (In thousands)
Iberica de Electro Monasterio de Energias S.L. Metalurgica del Rueda, S.L. [9] Ebro, S.L. [8] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $22,409 - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3,421 - - Depreciation, decommissioning and amortization 3,850 - Property and other taxes 96 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 7,367 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 15,042 - - Interest and dividend income 266 - - Other nonoperating income (deductions)-net 231 Interest expense (8,320) - - Other nonoperating deductions (185) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 7,034 - - Income taxes 2,631 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 4,403 - - Retained earnings - beginning of year 1,220 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,623 - - =============================================================== ==================== ==================== ====================
737 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, 2000 (In thousands)
Hydro Energy B.V. Consolidating Hydro Energy B.V. Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - $22,409 Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 22,409 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 3,421 Depreciation, decommissioning and amortization - - 3,850 Property and other taxes - - 96 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 7,367 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - 15,042 Interest and dividend income - 266 Other nonoperating income (deductions)-net $34 $1 266 Interest expense - - (8,320) Other nonoperating deductions - - (185) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 34 1 7,069 Income taxes 12 1 2,644 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 22 - 4,425 Retained earnings - beginning of year (9,816) $9,442 846 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($9,794) $9,442 $5,271 =============================================================== ==================== ==================== ====================
738 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.L. Ebro, S.L. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $55 - $6,582 Receivables - net 3,236 - 5,181 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 141 - 387 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 3,432 - 12,150 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 7,589 - 44,510 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 40 - 8,241 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,629 - 52,751 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 39,848 - 3,998 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 39,848 - 3,998 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $50,909 - $68,899 ============================================================= ==================== ==================== ====================
739 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Iberica de Adjustments Energias, S.L. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($3,769) $2,868 - Receivables - net (1,677) 6,740 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 114 642 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (5,332) 10,250 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 49,215 101,314 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (10,282) (2,001) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 38,933 99,313 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (40,883) 2,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (40,883) 2,963 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($7,282) $112,526 - ============================================================= ==================== ==================== ====================
740 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.L. Ebro, S.L. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $5,421 - $2,373 Accounts payable 2,084 - 804 Accrued taxes - - 650 Accrued interest 72 - 98 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities 6,629 - 162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 14,206 - 4,087 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 30,940 - 32,444 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - 5 Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - 5 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 432 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 82 - 17,721 Additional paid-in capital 168 10,877 Accumulated other comprehensive income: Cumulative translation adjustments - net 368 - 2,397 Unrealized gain in equity securities-net - - Retained earnings 4,713 - 1,368 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,331 - 32,363 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $50,909 - $68,899 ============================================================= ==================== ==================== ====================
741 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Iberica de Adjustments Energias, S.L. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - Current portion of long-term debt ($634) $7,160 - Accounts payable (14,879) (11,991) - Accrued taxes 516 1,166 - Accrued interest 1,862 2,032 - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - Deferred unbilled revenue Other current liabilities (6,791) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (19,926) (1,633) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 17,822 81,206 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 8,937 8,937 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (5) - - Accumulated provision for pension and benefits - - - Other long-term liabilities (51) (51) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 8,881 8,886 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 103 535 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 6,409 24,212 - Additional paid-in capital (2,300) 8,745 - Accumulated other comprehensive income: Cumulative translation adjustments - net (17,813) (15,048) - Unrealized gain in equity securities-net - - - Retained earnings (458) 5,623 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (14,162) 23,532 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($7,282) $112,526 - ============================================================= ==================== ==================== ====================
742 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Electro Monasterio de Iberica de Metalurgica del Rueda, S.L. [8] Energias, S.L. Ebro, S.L. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $7,262 - $11,161 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 7,262 11,161 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 1,207 - 2,351 Depreciation, decommissioning and amortization 2,380 - 1,485 Property and other taxes 43 - 56 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 3,630 - 3,892 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 3,632 - 7,269 Interest and dividend income 9 - 474 Other nonoperating income (deductions)-net (159) - (128) Interest expense (3,400) - (2,641) Other nonoperating deductions (5) - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 77 - 4,974 Income taxes (31) 1,821 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 108 - 3,153 Retained earnings - beginning of year 4,605 - (1,785) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,713 - $1,368 =============================================================== ==================== ==================== ====================
743 MEC International B.V. Iberian Hy-Power Amsterdam B.V. Iberica de Energias, S.L. and Subsidiaries [Tier 7] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Iberica de Adjustments Energias, S.L. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $3,986 $22,409 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 3,986 22,409 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (137) 3,421 - Depreciation, decommissioning and amortization (15) 3,850 Property and other taxes (3) 96 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (155) 7,367 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 4,141 15,042 - Interest and dividend income (217) 266 - Other nonoperating income (deductions)-net 518 231 Interest expense (2,279) (8,320) - Other nonoperating deductions (180) (185) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 1,983 7,034 - Income taxes 841 2,631 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,142 4,403 - Retained earnings - beginning of year (1,600) 1,220 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($458) $5,623 - =============================================================== ==================== ==================== ====================
744 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $50 $11,728 - Receivables - net - 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 50 22,884 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 70,660 - $36,146 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 70,660 614,763 36,146 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $70,710 $641,806 $36,146 ============================================================= ==================== ==================== ====================
745 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $18,461 $30,239 - Receivables - net 7,044 13,058 - Fuel inventory - - - Materials and supplies, at average cost 4,158 8,485 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,105 1,919 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 30,768 53,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 457,883 1,072,646 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (106,806) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 351,077 1,072,646 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 9,320 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,320 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $391,165 $1,139,827 - ============================================================= ==================== ==================== ====================
746 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $4,382 - Accounts payable $1,594 (71,903) $9,239 Accrued taxes - 456 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,594 (67,065) 9,239 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7) 66 (1,550) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7) 288,890 (1,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (17,644) (15,232) - Accumulated other comprehensive income: Cumulative translation adjustments - net 81,877 8,025 51,827 Unrealized gain in equity securities-net - - Retained earnings 4,890 76,714 (23,370) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,123 69,507 28,457 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $70,710 $641,806 $36,146 ============================================================= ==================== ==================== ====================
747 MEC International B.V. Latrobe Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $3,901 $8,283 - Accounts payable (118,680) (179,750) - Accrued taxes 438 894 - Accrued interest 13,479 13,479 - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (100,862) (157,094) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 312,134 662,608 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 40,166 38,675 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 132,167 420,978 - Accumulated provision for pension and benefits - - - Other long-term liabilities 24 37 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 172,357 459,690 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 31,824 31,824 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 111,229 78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net (189,007) (47,278) - Unrealized gain in equity securities-net - - Retained earnings 53,490 111,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (24,288) 142,799 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $391,165 $1,139,827 - ============================================================= ==================== ==================== ====================
748 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, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [7] Ltd - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 $21,851 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 80,097 21,851 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,978 - Depreciation, decommissioning and amortization - 14,347 21,850 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 34,257 21,850 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 45,840 1 Interest and dividend income $2 13,303 785 Other nonoperating income (deductions)-net - - - Interest expense - (30,792) - Other nonoperating deductions - (36,696) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 (8,345) 786 Income taxes - (14,461) 10,864 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 6,116 (10,078) Retained earnings - beginning of year 4,888 70,598 (13,292) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,890 $76,714 ($23,370) =============================================================== ==================== ==================== ====================
749 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, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $41,311 $143,259 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 41,311 143,259 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 8,579 17,511 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 11,880 22,858 - Depreciation, decommissioning and amortization (10,519) 25,678 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,940 66,047 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 31,371 77,212 - Interest and dividend income 8,176 22,266 - Other nonoperating income (deductions)-net (35) (35) Interest expense (28,164) (58,956) - Other nonoperating deductions 36,696 - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 48,044 40,487 - Income taxes 14,881 11,284 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 33,163 29,203 - Retained earnings - beginning of year 46,802 108,996 - Dividends declared on common stock (26,475) (26,475) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $53,490 $111,724 - =============================================================== ==================== ==================== ====================
750 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $1,883 $30,239 - Receivables - net 189 13,058 - Fuel inventory - - - Materials and supplies, at average cost - 8,485 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 105 1,919 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,177 53,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 7,236 1,072,646 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (580) - $691 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 6,656 1,072,646 691 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 50 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 50 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $8,883 $1,139,827 $691 ============================================================= ==================== ==================== ====================
751 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - ($30,239) Receivables - net - - (13,136) Fuel inventory - - - Materials and supplies, at average cost - - (8,485) Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - (1,918) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - (53,778) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - (1,072,646) Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $32,263 - (32,264) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 32,263 - (1,104,910) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - (13,480) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (13,480) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $32,263 - ($1,172,168) ============================================================= ==================== ==================== ====================
752 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,883 - - Receivables - net 111 - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 106 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,100 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 7,236 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 110 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,346 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 50 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 50 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,496 - - ============================================================= ==================== ==================== ====================
753 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $73 $8,283 - Accounts payable (14,009) (179,750) $176 Accrued taxes 97 894 (64) Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (13,839) (157,094) 112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 268 662,608 43 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,186 38,675 (38) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 420,978 - Accumulated provision for pension and benefits - - - Other long-term liabilities 55 37 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,241 459,690 (38) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 31,824 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (4,909) (47,278) 40 Unrealized gain in equity securities-net - - Retained earnings 26,122 111,724 534 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 21,213 142,799 574 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $8,883 $1,139,827 $691 ============================================================= ==================== ==================== ====================
754 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - ($8,283) Accounts payable $6,806 - 174,112 Accrued taxes - - (894) Accrued interest - - (13,479) Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 6,806 - 151,456 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 133,067 - (795,593) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1,659) - (37,019) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - (420,978) Accumulated provision for pension and benefits - - - Other long-term liabilities - - (37) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1,659) - (458,034) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - (31,824) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (87,462) - 135,850 Unrealized gain in equity securities-net - - Retained earnings (18,489) - (95,670) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (105,951) - (38,173) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $32,263 - ($1,172,168) ============================================================= ==================== ==================== ====================
755 MEC International B.V. Loy Yang Holdings Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $73 - - Accounts payable (12,665) - - Accrued taxes 33 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (12,559) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 393 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,145 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 55 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,200 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (3,759) - - Unrealized gain in equity securities-net - - Retained earnings 24,221 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 20,462 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9,496 - - ============================================================= ==================== ==================== ====================
756 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, 2000 (In thousands)
Edison Mission Latrobe Power Pty Mission Energy Energy Holdings Ltd Consolidated Ventures Australia Pty Ltd Pty Ltd Consolidated Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $143,259 - Nonutility power generation - - - Financial services and other $11,167 - $279 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 11,167 143,259 279 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 17,511 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13,895 22,858 - Depreciation, decommissioning and amortization 521 25,678 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 14,416 66,047 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (3,249) 77,212 279 Interest and dividend income 2,213 22,266 14 Other nonoperating income (deductions)-net (55) (35) Interest expense - (58,956) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,091) 40,487 293 Income taxes (370) 11,284 95 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (721) 29,203 198 Retained earnings - beginning of year 26,843 82,521 336 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $26,122 $111,724 $534 =============================================================== ==================== ==================== ====================
757 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, 2000 (In thousands)
Traralgon Power Loy Yang Holdings Consolidating Pty Ltd Pty Ltd Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - ($143,259) Nonutility power generation - - - Financial services and other - - 1,043 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (142,216) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - (17,511) Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - (23,131) Depreciation, decommissioning and amortization - - (25,669) Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - (66,311) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (75,905) Interest and dividend income $768 - (24,869) Other nonoperating income (deductions)-net 33 Interest expense - - 58,956 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 768 - (41,785) Income taxes 9,359 - (20,652) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (8,591) - (21,133) Retained earnings - beginning of year (9,898) - (74,537) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($18,489) - ($95,670) =============================================================== ==================== ==================== ====================
758 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, 2000 (In thousands)
Loy Yang Holdings Pty Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $12,489 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 12,489 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13,622 - - Depreciation, decommissioning and amortization 530 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 14,152 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,663) - - Interest and dividend income 392 - - Other nonoperating income (deductions)-net (57) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (1,328) - - Income taxes (284) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (1,044) - - Retained earnings - beginning of year 25,265 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $24,221 - - =============================================================== ==================== ==================== ====================
759 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Latrobe Power Edison Mission Energy Australia Partnership [8] Energy Australia Ltd. Pilbara Power Pty Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,114 $11,728 - Receivables - net 6 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,120 22,883 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (1,151) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (1,151) 614,763 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($31) $641,806 - ============================================================= ==================== ==================== ====================
760 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - - ============================================================= ==================== ==================== ====================
761 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Kwinana Power Edison Mission (Kwinana) Pty Ltd Partnership [8] Energy Holdings Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $6,951 $769 Receivables - net - 1,487 184 Fuel inventory - 1,643 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 79 105 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 10,160 1,058 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 80,492 1,164 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $571 25,214 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 571 105,706 1,164 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 2,064 50 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 2,064 50 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $571 $117,930 $2,272 ============================================================= ==================== ==================== ====================
762 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($18,679) $1,883 - Receivables - net (7,502) 189 - Fuel inventory (1,643) - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net (4,327) - - Trading and price risk management assets - - - Prepayments and other current assets (893) 105 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (33,044) 2,177 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (689,183) 7,236 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (25,214) (580) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (714,397) 6,656 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (6,224) 50 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (6,224) 50 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($753,665) $8,883 - ============================================================= ==================== ==================== ====================
763 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - $4,382 - Accounts payable ($14,505) (71,903) - Accrued taxes - 456 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (14,505) (67,065) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 200 66 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 200 288,890 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (15,232) Accumulated other comprehensive income: Cumulative translation adjustments - net (2,052) (14,209) - Unrealized gain in equity securities-net - - Retained earnings 16,326 98,948 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 14,274 69,507 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($31) $641,806 - ============================================================= ==================== ==================== ====================
764 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 ($1,187) ($3,382) - Accrued taxes 16 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (1,171) (3,382) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (193) (1,265) - Unrealized gain in equity securities-net - - - Retained earnings 1,364 4,647 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity $1,171 $3,382 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - - ============================================================= ==================== ==================== ====================
765 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - $914 $73 Accounts payable $112 (35,755) 4,955 Accrued taxes - (581) 81 Accrued interest - 2,429 - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 112 (32,993) 5,109 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 242 48,890 92 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (836) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 7,449 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 81 55 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 7,530 (781) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 686 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 54,268 - Accumulated other comprehensive income: Cumulative translation adjustments - net (41) (3,044) 3,692 Unrealized gain in equity securities-net - - Retained earnings 258 42,593 (5,840) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 217 93,817 (2,148) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $571 $117,930 $2,272 ============================================================= ==================== ==================== ====================
766 MEC International B.V. Loy Yang Holdings Pty Ltd Edison Mission Energy Holdings Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($5,296) $73 - Accounts payable 107,656 (14,009) - Accrued taxes 125 97 - Accrued interest (2,429) - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 100,056 (13,839) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (399,430) 268 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,756 1,186 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (296,260) - - Accumulated provision for pension and benefits - - - Other long-term liabilities (94) 55 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (294,598) 1,241 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest (686) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (39,036) - - Accumulated other comprehensive income: Cumulative translation adjustments - net 12,203 (4,909) - Unrealized gain in equity securities-net - - - Retained earnings (132,174) 26,122 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (159,007) 21,213 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($753,665) $8,883 - ============================================================= ==================== ==================== ====================
767 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, 2000 (In thousands)
Edison Mission Latrobe Power Edison Mission Energy Australia Partnership [8] Energy Australia Ltd. Pilbara Power Pty Ltd. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 - Nonutility power generation - - - Financial services and other $282 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 282 80,097 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - Other operation and maintenance 468 10,978 - Depreciation, decommissioning and amortization - 14,347 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 468 34,257 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (186) 45,840 - Interest and dividend income 527 13,303 - Other nonoperating income (deductions)-net - Interest expense - (30,792) - Other nonoperating deductions - (36,696) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 341 (8,345) - Income taxes 116 (14,461) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 225 6,116 Retained earnings - beginning of year 16,101 92,832 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $16,326 $98,948 - =============================================================== ==================== ==================== ====================
768 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, 2000 (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 - - - Nonutility power generation - - - Financial services and other $1,548 $7,549 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 1,548 7,549 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - Other operation and maintenance 1,218 7,551 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,218 7,551 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 330 (2) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 330 (2) - Income taxes - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 330 (2) - Retained earnings - beginning of year 1,034 4,649 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $1,364 $4,647 - =============================================================== ==================== ==================== ====================
769 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, 2000 (In thousands)
Mission Energy Kwinana Power Edison Mission (Kwinana) Pty Ltd Partnership [8] Energy Holdings Pty Ltd - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $34,622 - Nonutility power generation - - - Financial services and other $267 - $1,519 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 267 34,622 1,519 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 18,164 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - Other operation and maintenance - 3,174 4,657 Depreciation, decommissioning and amortization 3,366 409 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 24,704 5,066 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 267 9,918 (3,547) Interest and dividend income - 1,881 1,686 Other nonoperating income (deductions)-net - 21,623 (21) Interest expense - (5,919) (6) Other nonoperating deductions - (690) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 267 26,813 (1,888) Income taxes 87 - (525) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 180 26,813 (1,363) Retained earnings - beginning of year 78 15,780 (4,477) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $258 $42,593 ($5,840) =============================================================== ==================== ==================== ====================
770 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, 2000 (In thousands)
Consolidating Edison Mission Adjustments Energy Holdings Pty Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility ($114,719) - - Nonutility power generation - - - Financial services and other 2 $11,167 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (114,717) 11,167 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (27,096) - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (14,151) 13,895 - Depreciation, decommissioning and amortization (17,601) 521 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (58,848) 14,416 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (55,869) (3,249) - Interest and dividend income (15,184) 2,213 - Other nonoperating income (deductions)-net (21,657) (55) - Interest expense 36,717 - - Other nonoperating deductions 37,386 - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (18,607) (1,091) - Income taxes 14,413 (370) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (33,020) (721) - Retained earnings - beginning of year (99,154) 26,843 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($132,174) $26,122 - =============================================================== ==================== ==================== ====================
771 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $50 $11,728 - Receivables - net - 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 50 22,883 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 70,660 - $36,146 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 70,660 614,763 36,146 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $70,710 $641,806 $36,146 ============================================================= ==================== ==================== ====================
772 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $18,461 $30,239 - Receivables - net 7,044 13,058 - Fuel inventory - - - Materials and supplies, at average cost 4,158 8,485 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 1,105 1,919 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 30,768 53,701 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 457,883 1,072,646 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (106,806) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 351,077 1,072,646 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 9,320 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 9,320 13,480 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $391,165 $1,139,827 - ============================================================= ==================== ==================== ====================
773 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $4,382 - Accounts payable $1,594 (71,903) $9,239 Accrued taxes - 456 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,594 (67,065) 9,239 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7) 66 (1,550) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7) 288,890 (1,550) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (17,644) (15,232) - Accumulated other comprehensive income: Cumulative translation adjustments - net 81,877 8,025 51,827 Unrealized gain in equity securities-net - - - Retained earnings 4,890 76,714 (23,370) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,123 69,507 28,457 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $70,710 $641,806 $36,146 ============================================================= ==================== ==================== ====================
774 MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $3,901 $8,283 - Accounts payable (118,680) (179,750) - Accrued taxes 438 894 - Accrued interest 13,479 13,479 - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (100,862) (157,094) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 312,134 662,608 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 40,166 38,675 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 132,167 420,978 - Accumulated provision for pension and benefits - - - Other long-term liabilities 24 37 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 172,357 459,690 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 31,824 31,824 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 111,229 78,353 - Accumulated other comprehensive income: Cumulative translation adjustments - net (189,007) (47,278) - Unrealized gain in equity securities-net - - Retained earnings 53,490 111,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (24,288) 142,799 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $391,165 $1,139,827 - ============================================================= ==================== ==================== ====================
775 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, 2000 (In thousands)
Mission Victoria Latrobe Power Latrobe Power Pty Partnership Partnership [8] Ltd. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 $21,851 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 80,097 21,851 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,978 - Depreciation, decommissioning and amortization - 14,347 21,850 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 34,257 21,850 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 45,840 1 Interest and dividend income $2 13,303 785 Other nonoperating income (deductions)-net - - - Interest expense - (30,792) - Other nonoperating deductions - (36,696) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 (8,345) 786 Income taxes - (14,461) 10,864 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 6,116 (10,078) Retained earnings - beginning of year 4,888 70,598 (13,292) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,890 $76,714 ($23,370) =============================================================== ==================== ==================== ====================
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, 2000 (In thousands)
Consolidating Latrobe Power Pty Adjustments Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $41,311 $143,259 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 41,311 143,259 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 8,579 17,511 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 11,880 22,858 - Depreciation, decommissioning and amortization (10,519) 25,678 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 9,940 66,047 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 31,371 77,212 - Interest and dividend income 8,176 22,266 - Other nonoperating income (deductions)-net (35) (35) Interest expense (28,164) (58,956) - Other nonoperating deductions 36,696 - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 48,044 40,487 - Income taxes 14,881 11,284 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 33,163 29,203 - Retained earnings - beginning of year 46,802 108,996 - Dividends declared on common stock (26,475) (26,475) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $53,490 $111,724 - =============================================================== ==================== ==================== ====================
776 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $50 $11,728 - Receivables - net - 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 50 22,883 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 70,660 - $691 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 70,660 614,763 691 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $70,710 $641,806 $691 ============================================================= ==================== ==================== ====================
777 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($11,778) - - Receivables - net (6,014) - - Fuel inventory - - - Materials and supplies, at average cost (4,327) - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets (814) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (22,933) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (614,763) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (70,660) $691 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (685,423) 691 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (4,160) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,160) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($712,516) $691 - ============================================================= ==================== ==================== ====================
778 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $4,382 - Accounts payable $1,594 (71,903) $176 Accrued taxes - 456 (64) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,594 (67,065) 112 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 43 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7) 66 (38) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7) 288,890 (38) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (17,644) (15,232) - Accumulated other comprehensive income: Cumulative translation adjustments - net 81,877 (14,209) 40 Unrealized gain in equity securities-net - - Retained earnings 4,890 98,948 534 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,123 69,507 574 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $70,710 $641,806 $691 ============================================================= ==================== ==================== ====================
779 MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($4,382) - - Accounts payable 70,309 $176 - Accrued taxes (456) (64) - Accrued interest - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 65,471 112 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (350,474) 43 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (59) (38) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (288,811) - - Accumulated provision for pension and benefits - - - Other long-term liabilities (13) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (288,883) (38) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 32,876 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (67,668) 40 - Unrealized gain in equity securities-net - - Retained earnings (103,838) 534 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (138,630) 574 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($712,516) $691 - ============================================================= ==================== ==================== ====================
780 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, 2000 (In thousands)
Mission Victoria Latrobe Power Mission Energy Partnership Partnership [8] Ventures Australia Pty Ltd - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 - Nonutility power generation - - - Financial services and other - - $279 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 80,097 279 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net Other operation and maintenance - 10,978 - Depreciation, decommissioning and amortization - 14,347 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 34,257 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 45,840 279 Interest and dividend income $2 13,303 14 Other nonoperating income (deductions)-net - - - Interest expense - (30,793) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 28,350 293 Income taxes - - 95 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 28,350 198 Retained earnings - beginning of year 4,888 70,598 336 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,890 $98,948 $534 =============================================================== ==================== ==================== ====================
781 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, 2000 (In thousands)
Consolidating Mission Energy Adjustments Ventures Australia Pty Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility ($80,097) - - Nonutility power generation - - - Financial services and other - $279 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (80,097) 279 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,932) - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (10,978) - - Depreciation, decommissioning and amortization (14,347) - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (34,257) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (45,840) 279 - Interest and dividend income (13,305) 14 - Other nonoperating income (deductions)-net - - - Interest expense 30,793 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (28,352) 293 - Income taxes - 95 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (28,352) 198 - Retained earnings - beginning of year (75,486) 336 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($103,838) $534 - =============================================================== ==================== ==================== ====================
782 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $50 $11,728 - Receivables - net - 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 814 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 50 22,883 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 70,660 - $32,263 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 70,660 614,763 32,263 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,160 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $70,710 $641,806 $32,263 ============================================================= ==================== ==================== ====================
783 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($11,778) - - Receivables - net (6,014) - - Fuel inventory - - - Materials and supplies, at average cost (4,327) - - Accumulated deferred income taxes - net Trading and price risk management assets - - - Prepayments and other current assets (814) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (22,933) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (614,763) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (70,660) $32,263 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (685,423) 32,263 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (4,160) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,160) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($712,516) $32,263 - ============================================================= ==================== ==================== ====================
784 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $4,382 - Accounts payable $1,594 (71,903) $6,806 Accrued taxes - 456 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,594 (67,065) 6,806 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 133,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7) 66 (1,659) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7) 288,890 (1,659) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (17,644) (15,232) - Accumulated other comprehensive income: Cumulative translation adjustments - net 81,877 (14,209) (87,462) Unrealized gain in equity securities-net - - Retained earnings 4,890 98,948 (18,489) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,123 69,507 (105,951) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $70,710 $641,806 $32,263 ============================================================= ==================== ==================== ====================
785 MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($4,382) - - Accounts payable 70,309 $6,806 - Accrued taxes (456) - - Accrued interest - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 65,471 6,806 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (350,474) 133,067 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (59) (1,659) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (288,811) - - Accumulated provision for pension and benefits - - - Other long-term liabilities (13) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (288,883) (1,659) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 32,876 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (67,668) (87,462) - Unrealized gain in equity securities-net - - Retained earnings (103,838) (18,489) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (138,630) (105,951) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($712,516) $32,263 - ============================================================= ==================== ==================== ====================
786 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, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [8] Pty Ltd - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 80,097 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,978 - Depreciation, decommissioning and amortization - 14,347 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 34,257 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 45,840 - Interest and dividend income $2 13,303 $768 Other nonoperating income (deductions)-net - - - Interest expense - (30,793) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 28,350 768 Income taxes - - 9,359 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 28,350 (8,591) Retained earnings - beginning of year 4,888 70,598 (9,898) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,890 $98,948 ($18,489) =============================================================== ==================== ==================== ====================
787 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, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility ($80,097) - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (80,097) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,932) - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (10,978) - - Depreciation, decommissioning and amortization (14,347) - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (34,257) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (45,840) - - Interest and dividend income (13,305) $768 - Other nonoperating income (deductions)-net - - - Interest expense 30,793 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (28,352) 768 - Income taxes 9,359 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (28,352) (8,591) - Retained earnings - beginning of year (75,486) (9,898) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($103,838) ($18,489) - =============================================================== ==================== ==================== ====================
788 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $20,945 $223 $9 Receivables - net 27,929 163 15 Fuel inventory 3,618 - - Materials and supplies, at average cost 2,800 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 180 3 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 55,472 389 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 140,123 72 26 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 140,123 72 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 36,005 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 36,005 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $231,600 $461 $56 ============================================================= ==================== ==================== ====================
789 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $20 ($232) $20,965 Receivables - net - (177) 27,930 Fuel inventory - (1) 3,617 Materials and supplies, at average cost - - 2,800 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (7) 180 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20 (417) 55,492 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 8,073 (97) 148,197 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 100 (100) - Investments in leveraged leases - - - Other investments 37,596 (37,596) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 45,769 (37,793) 148,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 381 (2) 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 381 (2) 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $46,170 ($38,212) $240,075 ============================================================= ==================== ==================== ====================
790 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $11,281 - - Accounts payable 32,742 $460 $398 Accrued taxes 3,973 1 27 Accrued interest 5,646 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities 1,287 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 54,929 461 425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 107,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (10,300) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 23,727 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 97 1 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 13,524 1 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 253 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (93) (694) Unrealized gain in equity securities-net - - - Retained earnings 12,158 33 207 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 55,725 (1) (428) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $231,600 $461 $56 ============================================================= ==================== ==================== ====================
791 MEC International B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - $11,281 Accounts payable $8,175 ($3,704) 38,071 Accrued taxes 392 (28) 4,365 Accrued interest - - 5,646 Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - Other current liabilities - - 1,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,567 (3,732) 60,650 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 107,169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (10,300) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 1,532 - 25,259 Accumulated provision for pension and benefits - - - Other long-term liabilities - (60) 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,532 (60) 15,056 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 253 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (298) 74 Additional paid-in capital 37,087 (34,673) 45,757 Accumulated other comprehensive income: Cumulative translation adjustments - net - 787 - Unrealized gain in equity securities-net - - - Retained earnings (1,046) (236) 11,116 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 36,071 (34,420) 56,947 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $46,170 ($38,212) $240,075 ============================================================= ==================== ==================== ====================
792 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, 2000 (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 $98,944 $339 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 98,944 339 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 60,130 290 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3,813 47 $1,128 Depreciation, decommissioning and amortization 8,046 15 2 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 71,989 352 1,130 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 26,955 (13) (1,130) Interest and dividend income 1,675 - - Other nonoperating income (deductions)-net (321) 71 1,880 Interest expense (17,885) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 10,424 58 750 Income taxes (719) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 11,143 58 750 Retained earnings - beginning of year 1,015 (25) (543) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $12,158 $33 $207 =============================================================== ==================== ==================== ====================
793 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, 2000 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - ($339) $98,944 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (339) 98,944 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (290) 60,130 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1,420 (1,176) 5,232 Depreciation, decommissioning and amortization 450 (16) 8,497 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,870 (1,482) 73,859 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,870) 1,143 25,085 Interest and dividend income 1,315 - 2,990 Other nonoperating income (deductions)-net 55 (1,950) (265) Interest expense - - (17,885) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (500) (807) 9,925 Income taxes 482 (5) (242) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (982) (802) 10,167 Retained earnings - beginning of year (64) 566 949 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,046) ($236) $11,116 =============================================================== ==================== ==================== ====================
MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $31 $20,965 $83 Receivables - net 15 27,930 - Fuel inventory - 3,617 - Materials and supplies, at average cost - 2,800 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 20 180 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66 55,492 83 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 127 148,197 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 751 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 127 148,197 751 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 2 36,386 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 2 36,386 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $195 $240,075 $834 ============================================================= ==================== ==================== ====================
796 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
ISAB Energy MEC India B.V. Edison Mission Services s.r.l. [7] Energy Power [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $13 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $13 - ============================================================= ==================== ==================== ====================
797 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC Laguna Power B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $454 $16 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 454 16 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 22,393 127,057 $4,884 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 22,393 127,057 4,884 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 936 48 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 936 48 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $22,847 $128,009 $4,932 ============================================================= ==================== ==================== ====================
798 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Gulf Power MEC Perth B.V. MEC Priolo B.V. Generation Co. Ltd. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $6,951 $14 Receivables - net - 1,487 - Fuel inventory - 1,642 - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 78 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 10,158 14 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 62,779 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 35,423 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 62,779 35,423 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 2,064 118 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 2,064 118 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $75,001 $35,555 ============================================================= ==================== ==================== ====================
799 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $12 $10 Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 12 10 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $4,710 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,710 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 45 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 45 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $4,755 $12 $10 ============================================================= ==================== ==================== ====================
800 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $154 $250 $2,515 Receivables - net - 415 357 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 164 541 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 154 829 3,413 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 248 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (155,784) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (155,784) 248 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,800 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,800 25 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,830) $1,102 $3,413 ============================================================= ==================== ==================== ====================
801 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $13 ($31,468) $13 Receivables - net - (30,204) - Fuel inventory - (5,259) - Materials and supplies, at average cost - (2,800) - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (983) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 13 (70,714) 13 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (211,351) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 5,701 (39,434) 5,701 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 5,701 (250,785) 5,701 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - (41,424) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - (41,424) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $5,714 ($362,923) $5,714 ============================================================= ==================== ==================== ====================
802 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $11,281 - Accounts payable $1,252 38,071 $410 Accrued taxes (137) 4,365 (106) Accrued interest 85 5,646 - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue - - Other current liabilities 97 1,287 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,297 60,650 304 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 107,169 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (10,300) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 25,259 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 97 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 15,056 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 253 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 74 25 Additional paid-in capital 207 45,757 92 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (1,334) 11,116 413 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (1,102) 56,947 530 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $195 $240,075 $834 ============================================================= ==================== ==================== ====================
803 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - $31 - Accrued taxes - (13) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 18 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (28) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - (5) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $13 - ============================================================= ==================== ==================== ====================
804 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $26 $16 $76 Accrued taxes 173 (58) (12) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 199 (42) 64 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 22 Additional paid-in capital 14,225 126,848 4,868 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings 8,401 1,182 (22) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 22,648 128,051 4,868 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $22,847 $128,009 $4,932 ============================================================= ==================== ==================== ====================
805 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Gulf Power MEC Perth B.V. MEC Priolo B.V. Generation Co. Ltd. [7] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $914 - Accounts payable - (24,525) ($515) Accrued taxes - (581) 161 Accrued interest - 2,429 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (21,763) (353) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 72,902 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (3,596) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 7,449 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 81 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 3,934 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 7,216 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 51,350 Accumulated other comprehensive income: Cumulative translation adjustments - net - (9,098) 188 Unrealized gain in equity securities-net - - - Retained earnings - 21,787 (15,651) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 12,712 35,908 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $75,001 $35,555 ============================================================= ==================== ==================== ====================
806 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $74 $24 $24 Accrued taxes (14) (11) (12) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 60 13 12 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment - tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 25 25 Additional paid-in capital 4,710 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (37) (26) (27) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,695 (1) (2) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $4,755 $12 $10 ============================================================= ==================== ==================== ====================
807 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($306,558) $148 $640 Accrued taxes (937) 248 691 Accrued interest (29,155) - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - 208 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (336,650) 604 1,331 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment - - - tax credits - - - Customer advances and other deferred credits - 727 - Accumulated provision for pension and benefits - - - Other long-term liabilities - (379) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 348 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 135,247 12 - Additional paid-in capital - - 1,500 Accumulated other comprehensive income: Cumulative translation adjustments - net 125 (1) - Unrealized gain in equity securities-net - - - Retained earnings 47,448 139 582 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 182,820 150 2,082 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,830) $1,102 $3,413 ============================================================= ==================== ==================== ====================
808 MEC International B.V. MEC International Holdings B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - ($12,195) - Accounts payable ($16) 290,806 ($16) Accrued taxes (20) (3,757) (20) Accrued interest - 20,995 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - (1,593) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (36) 294,256 (36) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - (180,071) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 13,896 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (33,435) - Accumulated provision for pension and benefits - - - Other long-term liabilities - 201 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (19,337) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - (7,469) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (135,587) 20 Additional paid-in capital 5,231 (249,557) 5,231 Accumulated other comprehensive income: Cumulative translation adjustments - net - 8,786 - Unrealized gain in equity securities-net - - - Retained earnings 499 (73,943) 499 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 5,750 (450,301) 5,750 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $5,714 ($362,923) $5,714 ============================================================= ==================== ==================== ====================
809 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, 2000 (In thousands)
Edison Mission MEC Esenyurt B.V. MEC IES B.V. Energy Consolidated International B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $98,944 - Nonutility power generation - - - Financial services and other $306 - $834 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 306 98,944 834 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 60,130 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 516 5,232 226 Depreciation, decommissioning and amortization 52 8,497 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 568 73,859 226 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (262) 25,085 608 Interest and dividend income 1 2,990 2 Other nonoperating income (deductions)-net 30 (265) 1 Interest expense - (17,885) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (231) 9,925 611 Income taxes 86 (242) (2) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (317) 10,167 613 Retained earnings - beginning of year (1,017) 949 (200) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,334) $11,116 $413 =============================================================== ==================== ==================== ====================
810 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, 2000 (In thousands)
ISAB Energy MEC India B.V. Edison Mission Services s.r.l. [7] Energy Power [7] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - ($5) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (5) - Income taxes - (1) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (4) - Retained earnings - beginning of year - (24) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($28) - =============================================================== ==================== ==================== ====================
811 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, 2000 (In thousands)
MEC Indo Coal B.V. MEC Indonesia B.V. MEC Laguna Power B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $570 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 570 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 22 - - Depreciation, decommissioning and amortization 586 $42 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 608 42 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (38) (42) - Interest and dividend income 35 - - Other nonoperating income (deductions)-net 284 (6) ($3) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 281 (48) (3) Income taxes (2,927) (2) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 3,208 (46) (3) Retained earnings - beginning of year 5,193 1,228 (19) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $8,401 $1,182 ($22) =============================================================== ==================== ==================== ====================
812 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, 2000 (In thousands)
Gulf Power MEC Perth B.V. MEC Priolo B.V. Generation Co. Ltd. [7] - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $34,622 - Nonutility power generation - - - Financial services and other - - ($13,968) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 34,622 (13,968) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 18,164 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 2,558 582 Depreciation, decommissioning and amortization - 3,139 - Property and other taxes - - 575 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 23,861 1,157 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 10,761 (15,125) Interest and dividend income - 1,867 - Other nonoperating income (deductions)-net - 8,357 7 Interest expense - (5,730) - Other nonoperating deductions - (949) - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 14,306 (15,118) Income taxes - 4,767 5 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 9,539 (15,123) Retained earnings - beginning of year - 12,248 (528) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $21,787 ($15,651) =============================================================== ==================== ==================== ====================
813 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, 2000 (In thousands)
MEC San Pascual MEC Sidi Krir B.V. MEC Sumatra B.V. B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 6 - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (6) - - Interest and dividend income - - - Other nonoperating income (deductions)-net (9) ($5) ($5) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (15) (5) (5) Income taxes (3) (2) (2) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (12) (3) (3) Retained earnings - beginning of year (25) (23) (24) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($37) ($26) ($27) =============================================================== ==================== ==================== ====================
814 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, 2000 (In thousands)
MEC Wales B.V. Mission Energy P.T. Edison Consolidated Italia s.r.l. Mission Operation and Maintenance Indonesia - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - $2,294 $6,080 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 2,294 6,080 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 2,525 4,961 Depreciation, decommissioning and amortization $51 65 - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 51 2,590 4,961 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (51) (296) 1,119 Interest and dividend income 14,002 5 - Other nonoperating income (deductions)-net 92 14 (20) Interest expense - - 71 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 14,043 (277) 1,170 Income taxes 34 (158) 428 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 14,009 (119) 742 Retained earnings - beginning of year 300,439 258 (160) Dividends declared on common stock (267,000) - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $47,448 $139 $582 =============================================================== ==================== ==================== ====================
815 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, 2000 (In thousands)
MEC International Consolidating MEC International Holdings B.V. Adjustments Holdings B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - ($133,566) - Nonutility power generation - - - Financial services and other - 3,884 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (129,682) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (78,294) - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - (16,628) - Depreciation, decommissioning and amortization - (12,432) - Property and other taxes - (575) - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - (107,929) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (21,753) - Interest and dividend income - (18,902) - Other nonoperating income (deductions)-net ($7) (8,467) ($7) Interest expense - 23,544 - Other nonoperating deductions - 949 - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (7) (24,629) (7) Income taxes (2) (1,981) (2) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (5) (22,648) (5) Retained earnings - beginning of year 504 (318,295) 504 Dividends declared on common stock - 267,000 - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $499 ($73,943) $499 =============================================================== ==================== ==================== ====================
816 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] 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 $20,945 $223 $9 Receivables - net 27,929 163 15 Fuel inventory 3,618 - - Materials and supplies, at average cost 2,800 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 180 3 4 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 55,472 389 28 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 140,123 72 26 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 140,123 72 26 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 36,005 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 36,005 - 2 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $231,600 $461 $56 ============================================================= ==================== ==================== ====================
817 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 1999 (In thousands)
MEC Esenyurt B.V. Consolidating MEC Esenyurt B.V. Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $20 ($232) $20,965 Receivables - net - (177) 27,930 Fuel inventory - (1) 3,617 Materials and supplies, at average cost - - 2,800 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (7) 180 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 20 (417) 55,492 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 8,073 (97) 148,197 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 100 (100) - Investments in leveraged leases - - - Other investments 37,596 (37,596) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 45,769 (37,793) 148,197 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 381 (2) 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 381 (2) 36,386 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $46,170 ($38,212) $240,075 ============================================================= ==================== ==================== ====================
818 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] 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 $11,281 - - Accounts payable 32,742 $460 $398 Accrued taxes 3,973 1 27 Accrued interest 5,646 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities 1,287 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 54,929 461 425 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 107,169 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (10,300) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 23,727 - - Accumulated provision for pension and benefits - - - Other long-term liabilities 97 1 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 13,524 1 59 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 253 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (93) (694) Unrealized gain in equity securities-net - - - Retained earnings 12,158 33 207 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 55,725 (1) (428) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $231,600 $461 $56 ============================================================= ==================== ==================== ====================
819 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] 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 - - $11,281 Accounts payable $8,175 ($3,704) 38,071 Accrued taxes 392 (28) 4,365 Accrued interest - - 5,646 Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue Other current liabilities - - 1,287 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 8,567 (3,732) 60,650 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - 107,169 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (10,300) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits 1,532 - 25,259 Accumulated provision for pension and benefits - - - Other long-term liabilities - (60) 97 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,532 (60) 15,056 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - 253 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (298) 74 Additional paid-in capital 37,087 (34,673) 45,757 Accumulated other comprehensive income: Cumulative translation adjustments - net - 787 - Unrealized gain in equity securities-net - - - Retained earnings (1,046) (236) 11,116 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 36,071 (34,420) 56,947 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $46,170 ($38,212) $240,075 ============================================================= ==================== ==================== ====================
820 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] 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 $98,944 $339 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 98,944 339 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 60,130 290 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 3,813 47 $1,128 Depreciation, decommissioning and amortization 8,046 15 2 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 71,989 352 1,130 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 26,955 (13) (1,130) Interest and dividend income 1,675 - - Other nonoperating income (deductions)-net (321) 71 1,880 Interest expense (17,885) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 10,424 58 750 Income taxes (719) - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 11,143 58 750 Retained earnings - beginning of year 1,015 (25) (543) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $12,158 $33 $207 =============================================================== ==================== ==================== ====================
821 MEC International B.V. MEC International Holdings B.V. MEC Esenyurt B.V. and Subsidiaries [Tier 7] 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 - ($339) $98,944 Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (339) 98,944 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (290) 60,130 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $1,420 (1,176) 5,232 Depreciation, decommissioning and amortization 450 (16) 8,497 Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,870 (1,482) 73,859 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,870) 1,143 25,085 Interest and dividend income 1,315 - 2,990 Other nonoperating income (deductions)-net 55 (1,950) (265) Interest expense - - (17,885) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (500) (807) 9,925 Income taxes 482 (5) (242) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (982) (802) 10,167 Retained earnings - beginning of year (64) 566 949 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,046) ($236) $11,116 =============================================================== ==================== ==================== ====================
822 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $4,710 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 4,710 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $4,755 ============================================================= ==================== ==================== ====================
823 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,710 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 4,710 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $4,755 - ============================================================= ==================== ==================== ====================
824 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - - $74 Accrued taxes - - (14) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 60 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,710 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - (37) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 4,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $4,755 ============================================================= ==================== ==================== ====================
825 MEC International B.V. MEC International Holdings B.V. MEC San Pascual B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - $74 - Accrued taxes - (14) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 60 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,710 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (37) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 4,695 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $4,755 - ============================================================= ==================== ==================== ====================
826 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, 2000 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $6 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 6 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (6) Interest and dividend income - - - Other nonoperating income (deductions)-net - - (9) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (15) Income taxes - - (3) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (12) Retained earnings - beginning of year - - (25) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($37) =============================================================== ==================== ==================== ====================
827 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, 2000 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $6 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 6 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (6) - Interest and dividend income - - - Other nonoperating income (deductions)-net - (9) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (15) - Income taxes - (3) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (12) - Retained earnings - beginning of year - (25) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($37) - =============================================================== ==================== ==================== ====================
828 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $154 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 6,167 ($6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 6,321 (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($153,180) 62,355 (64,959) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (153,180) 62,355 (64,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 1,800 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,800 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,180) $70,476 ($71,126) ============================================================= ==================== ==================== ====================
829 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $154 - - Receivables - net - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 154 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (155,784) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (155,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,800 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,800 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,830) - - ============================================================= ==================== ==================== ====================
830 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 - ($306,558) - Accrued taxes - 5,230 ($6,167) Accrued interest - (29,155) - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (330,483) (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $135,248 25 (26) Additional paid-in capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net - 35,352 (35,227) Unrealized gain in equity securities-net - - - Retained earnings (288,428) 88,884 246,992 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (153,180) 400,959 (64,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,180) $70,476 ($71,126) ============================================================= ==================== ==================== ====================
831 MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($306,558) - - Accrued taxes (937) - - Accrued interest (29,155) - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (336,650) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 135,247 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net 125 - - Unrealized gain in equity securities-net - - - Retained earnings 47,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 182,820 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,830) - - ============================================================= ==================== ==================== ====================
832 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, 2000 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - $51 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 51 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (51) - Interest and dividend income - 14,002 - Other nonoperating income (deductions)-net - 92 - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 14,043 - Income taxes - 34 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 14,009 - Retained earnings - beginning of year $80,440 74,875 $145,124 Dividends declared on common stock (368,868) - 101,868 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($288,428) $88,884 $246,992 ============================================================= ==================== ==================== ====================
833 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, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization $51 - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 51 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (51) - - Interest and dividend income 14,002 - - Other nonoperating income (deductions)-net 92 - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 14,043 - - Income taxes 34 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 14,009 Retained earnings - beginning of year 300,439 - - Dividends declared on common stock (267,000) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $47,448 - - ============================================================= ==================== ==================== ====================
834 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, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($153,180) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (153,180) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - ($55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
835 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($153,180) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (153,180) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- - Total deferred charges - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,180) - - ============================================================= ==================== ==================== ====================
836 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, 2000 (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 $551 - ($551) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 - (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $135,248 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) - 194 Unrealized gain in equity securities-net - - - Retained earnings (357) (288,428) 357 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (153,180) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
837 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $135,248 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (288,428) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (153,180) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,180) - - ============================================================= ==================== ==================== ====================
838 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, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 - ($210) Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 - (210) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) - 210 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense (10) - 10 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) - 220 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) - 220 Retained earnings - beginning of year (137) $80,440 137 Dividends declared on common stock - (368,868) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($288,428) $357 ============================================================= ==================== ==================== ====================
839 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - - Retained earnings - beginning of year $80,440 - - Dividends declared on common stock (368,868) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($288,428) - - ============================================================= ==================== ==================== ====================
840 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $697,905 - ============================================================= ==================== ==================== ====================
841 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 $697,905 - ============================================================= ==================== ==================== ====================
842 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18,450 ($95) Receivables - net - 7,044 177 Fuel inventory - - - Materials and supplies, at average cost - 4,157 8,485 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 782 186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 30,433 8,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 494,353 1,038,063 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 494,353 1,038,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $534,116 $1,046,816 ============================================================= ==================== ==================== ====================
843 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $32,488 Receivables - net - - 34,851 Fuel inventory - - - Materials and supplies, at average cost - - 1,494 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 13,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 81,934 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,199,483 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $697,905 - (169,327) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 697,905 - 1,030,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
844 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,453 $2,011 - Receivables - net 29,408 27,654 - Fuel inventory - - - Materials and supplies, at average cost 1,495 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 4,905 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66,261 29,665 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 693,280 158 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 148,710 8,500 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 841,990 8,658 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $908,251 $38,323 - ============================================================= ==================== ==================== ====================
845 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($83,307) - Receivables - net - (99,134) - Fuel inventory - - - Materials and supplies, at average cost - (15,630) - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (18,973) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (217,044) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (3,425,337) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (2,081,598) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (5,506,935) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 (353,870) $55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 (353,870) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($6,077,849) $55,610 ============================================================= ==================== ==================== ====================
846 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $4 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1) - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3) 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings - (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($3) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $697,905 - ============================================================= ==================== ==================== ====================
847 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $735 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 735 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 330 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings (1,065) (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (735) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 $697,905 - ============================================================= ==================== ==================== ====================
848 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, 2000 (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 - - - Current portion of long-term debt - $3,900 - Accounts payable - (104,482) $4,654 Accrued taxes - 438 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (100,144) 4,654 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 367,755 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 40,168 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 132,167 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 12 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 172,347 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 36,146 - Additional paid-in capital - 792,793 Accumulated other comprehensive income: Cumulative translation adjustments - net - (10,692) (62,564) Unrealized gain in equity securities-net - - - Retained earnings - 68,704 311,897 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 94,158 1,042,126 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $534,116 $1,046,816 ============================================================= ==================== ==================== ====================
849 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $8,283 ($8,283) - Accounts payable 225,820 (239,294) $8,742 Accrued taxes - - 9,936 Accrued interest 13,479 - 23,165 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 9,687 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 247,582 (247,577) 51,530 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 657,047 (657,047) 625,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) 246,938 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1) 247,830 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 697,905 181,986 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 31,303 (31,373) 74,625 Unrealized gain in equity securities-net - - - Retained earnings (238,027) 238,093 219,928 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (206,724) $904,625 476,539 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
850 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, 2000 (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 - $26,919 - Accounts payable $685 (22,329) - Accrued taxes 9,936 - - Accrued interest 3 23,162 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 9,687 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 20,311 27,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (6,258) 7,225 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 605,584 19 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (121,670) 382 - Unrealized gain in equity securities-net - - - Retained earnings 410,284 2,945 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 894,198 3,346 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $908,251 $38,323 - ============================================================= ==================== ==================== ====================
851 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - ($30,819) - Accounts payable $551 152,413 $551 Accrued taxes - (20,310) - Accrued interest - (86,767) - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - (19,374) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 (4,857) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 (1,049,451) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (287,102) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (132,167) - Accumulated provision for pension and benefits - - - Other long-term liabilities - (940) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (420,209) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (2,917,450) - Additional paid-in capital - (792,793) - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) 119,802 (194) Unrealized gain in equity securities-net - - - Retained earnings (357) (1,012,891) (357) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (4,603,332) (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($6,077,849) $55,610 ============================================================= ==================== ==================== ====================
852 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense - (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (57,834) 57,783 Retained earnings - beginning of year - (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($238,027) $238,093 ============================================================= ==================== ==================== ====================
853 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $454 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 454 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (454) - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense (20) (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (474) (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (474) (57,834) 57,783 Retained earnings - beginning of year (591) (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,065) ($238,027) $238,093 ============================================================= ==================== ==================== ====================
854 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $63,162 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 63,162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,581 $17,459 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,566 18,049 Depreciation, decommissioning and amortization - 12,006 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 31,153 35,508 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 32,009 (35,508) Interest and dividend income - 7,213 - Other nonoperating income (deductions)-net - - - Interest expense - (27,448) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 11,774 (35,508) Income taxes - 1,931 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 9,843 (35,508) Retained earnings - beginning of year - 58,861 347,405 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $68,704 $311,897 ============================================================= ==================== ==================== ====================
855 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $336,448 Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 336,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 71,535 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 44,545 Depreciation, decommissioning and amortization - - 22,157 Property and other taxes - - 15,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 154,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - 182,262 Interest and dividend income $190 $57,783 4,717 Other nonoperating income (deductions)-net - - - Interest expense (58,024) - (56,448) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (57,834) 57,783 130,531 Income taxes - - 37,084 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (57,834) 57,783 93,447 Retained earnings - beginning of year (180,193) 180,310 246,597 Dividends declared on common stock - - (120,116) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($238,027) $238,093 $219,928 ============================================================= ==================== ==================== ====================
856 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $336,448 - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 336,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 70,701 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 35,391 ($18) - Depreciation, decommissioning and amortization 10,692 - - Property and other taxes 17,063 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 133,847 (18) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 202,601 18 - Interest and dividend income 2,931 56,122 - Other nonoperating income (deductions)-net - - - Interest expense (2) (56,446) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 205,530 (306) - Income taxes 34,381 (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 171,149 (302) Retained earnings - beginning of year 239,135 3,247 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $410,284 $2,945 - ============================================================= ==================== ==================== ====================
857 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - ($736,058) - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (736,058) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (168,276) - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 (108,987) $210 Depreciation, decommissioning and amortization - (44,855) - Property and other taxes - (33,012) - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 (355,130) 210 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) (380,928) (210) Interest and dividend income - (244,902) - Other nonoperating income (deductions)-net - - - Interest expense (10) 314,436 (10) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) (311,394) (220) Income taxes - (73,392) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) (238,002) (220) Retained earnings - beginning of year (137) (895,005) (137) Dividends declared on common stock - 120,116 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($1,012,891) ($357) ============================================================= ==================== ==================== ====================
MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - $4,710 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - - 4,710 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 45 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - - $4,755 ============================================================= ==================== ==================== ====================
859 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $4,710 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 4,710 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 45 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $4,755 - ============================================================= ==================== ==================== ====================
860 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - $74 Accrued taxes - - (14) Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - - 60 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,710 Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - Retained earnings - - (37) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - - 4,695 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - - $4,755 ============================================================= ==================== ==================== ====================
861 MEC International B.V. MEC San Pascual B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - $74 - Accrued taxes - (14) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 60 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 4,710 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (37) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 4,695 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $4,755 - ============================================================= ==================== ==================== ====================
862 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, 2000 (In thousands)
San Pascual Morningstar MEC San Pascual Cogeneration Holdings B.V. B.V. Company International B.V. - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - $6 Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 6 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - (6) Interest and dividend income - - - Other nonoperating income (deductions)-net - - (9) Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - (15) Income taxes - - (3) - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - - (12) Retained earnings - beginning of year - - (25) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - - ($37) =============================================================== ==================== ==================== ====================
863 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, 2000 (In thousands)
Consolidating MEC San Pascual Adjustments B.V. Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $6 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 6 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (6) - Interest and dividend income - - - Other nonoperating income (deductions)-net - (9) - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (15) - Income taxes - (3) - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (12) - Retained earnings - beginning of year - (25) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($37) - =============================================================== ==================== ==================== ====================
864 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $154 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 6,167 ($6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 6,321 (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($153,180) 62,355 (64,959) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (153,180) 62,355 (64,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 1,800 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 1,800 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,180) $70,476 ($71,126) ============================================================= ==================== ==================== ====================
865 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $154 - - Receivables - net - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 154 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (155,784) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (155,784) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 1,800 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 1,800 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,830) - - ============================================================= ==================== ==================== ====================
866 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - ($306,558) - Accrued taxes - 5,230 ($6,167) Accrued interest - (29,155) - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (330,483) (6,167) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $135,248 25 (26) Additional paid-in capital - 276,698 (276,698) Accumulated other comprehensive income: Cumulative translation adjustments - net - 35,352 (35,227) Unrealized gain in equity securities-net - - - Retained earnings (288,428) 88,884 246,992 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (153,180) 400,959 (64,959) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,180) $70,476 ($71,126) ============================================================= ==================== ==================== ====================
867 MEC International B.V. MEC Wales B.V. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($306,558) - - Accrued taxes (937) - - Accrued interest (29,155) - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (336,650) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 135,247 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 125 - - Unrealized gain in equity securities-net - - - Retained earnings 47,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 182,820 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,830) - - ============================================================= ==================== ==================== ====================
868 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, 2000 (In thousands)
Mission Hydro MEC Wales B.V. Consolidating Limited Adjustments Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - $51 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 51 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (51) - Interest and dividend income - 14,002 - Other nonoperating income (deductions)-net - 92 - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 14,043 - Income taxes - 34 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 14,009 - Retained earnings - beginning of year $80,440 74,875 $145,124 Dividends declared on common stock (368,868) - 101,868 Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($288,428) $88,884 $246,992 ============================================================= ==================== ==================== ====================
869 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, 2000 (In thousands)
MEC Wales B.V. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization $51 - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 51 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (51) - - Interest and dividend income 14,002 - - Other nonoperating income (deductions)-net 92 - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 14,043 - - Income taxes 34 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 14,009 - - Retained earnings - beginning of year 300,439 - - Dividends declared on common stock (267,000) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $47,448 - - ============================================================= ==================== ==================== ====================
870 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($153,180) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (153,180) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - ($55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
871 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships - and unconsolidated subsidiaries ($153,180) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (153,180) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,180) - - ============================================================= ==================== ==================== ====================
872 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 $551 - ($551) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Deferred unbilled revenue Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 - (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Trading and price risk management liabilities - - - Other long-term liabilities - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: - - - 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 - $135,248 - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) - 194 Unrealized gain in equity securities-net - - - Retained earnings (357) (288,428) 357 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (153,180) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
873 MEC International B.V. MEC Wales B.V. Mission Hydro Limited Partnership and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $135,248 - - Additional paid-in capital - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (288,428) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (153,180) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,180) - - ============================================================= ==================== ==================== ====================
874 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, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 - ($210) Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 - (210) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) - 210 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense (10) - 10 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) - 220 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) - 220 Retained earnings - beginning of year (137) $80,440 137 Dividends declared on common stock - (368,868) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($288,428) $357 ============================================================= ==================== ==================== ====================
875 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - - - Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - Retained earnings - beginning of year $80,440 - - Dividends declared on common stock (368,868) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($288,428) - - ============================================================= ==================== ==================== ====================
876 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $697,905 - ============================================================= ==================== ==================== ====================
877 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 $697,905 - ============================================================= ==================== ==================== ====================
878 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18,450 ($95) Receivables - net - 7,044 177 Fuel inventory - - - Materials and supplies, at average cost - 4,157 8,485 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 782 186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 30,433 8,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 494,353 1,038,063 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 494,353 1,038,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $534,116 $1,046,816 ============================================================= ==================== ==================== ====================
879 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $32,488 Receivables - net - - 34,851 Fuel inventory - - - Materials and supplies, at average cost - - 1,494 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 13,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 81,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,199,483 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $697,905 - (169,327) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 697,905 - 1,030,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
880 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [9] Finance plc [9] Company [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,453 $2,011 - Receivables - net 29,408 27,654 - Fuel inventory - - - Materials and supplies, at average cost 1,494 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 4,906 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66,261 29,665 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 693,280 158 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 148,710 8,500 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 841,990 8,658 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $908,251 $38,323 - ============================================================= ==================== ==================== ====================
881 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($83,307) - Receivables - net - (99,134) - Fuel inventory - - - Materials and supplies, at average cost - (15,630) - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (18,973) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (217,044) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (3,425,337) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (2,081,598) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (5,506,935) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 (353,870) $55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 (353,870) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($6,077,849) $55,610 ============================================================= ==================== ==================== ====================
882 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $4 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1) - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3) 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings - (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($3) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $697,905 - ============================================================= ==================== ==================== ====================
883 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $735 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 735 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 330 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings (1,065) (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (735) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 $697,905 - ============================================================= ==================== ==================== ====================
884 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, 2000 (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 - - - Current portion of long-term debt - $3,900 - Accounts payable - (104,482) $4,654 Accrued taxes - 438 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (100,144) 4,654 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 367,755 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 40,168 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 132,167 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 12 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 172,347 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 36,146 - Additional paid-in capital - 792,793 Accumulated other comprehensive income: Cumulative translation adjustments - net - (10,692) (62,564) Unrealized gain in equity securities-net - - - Retained earnings - 68,704 311,897 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 94,158 1,042,126 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $534,116 $1,046,816 ============================================================= ==================== ==================== ====================
885 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $8,283 ($8,283) - Accounts payable 225,820 (239,294) $8,742 Accrued taxes - - 9,936 Accrued interest 13,479 - 23,165 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 9,687 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 247,582 (247,577) 51,530 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 657,047 (657,047) 625,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) 246,938 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1) 247,830 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 697,905 181,986 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 31,303 (31,373) 74,625 Unrealized gain in equity securities-net - Retained earnings (238,027) 238,093 219,928 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (206,724) $904,625 476,539 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
886 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, 2000 (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 - $26,919 - Accounts payable $685 (22,329) - Accrued taxes 9,936 - - Accrued interest 3 23,162 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 9,687 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 20,311 27,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (6,258) 7,225 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 605,584 19 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (121,670) 382 - Unrealized gain in equity securities-net - - - Retained earnings 410,284 2,945 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 894,198 3,346 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $908,251 $38,323 - ============================================================= ==================== ==================== ====================
887 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - ($30,819) - Accounts payable $551 152,413 $551 Accrued taxes - (20,310) - Accrued interest - (86,767) - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - (19,374) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 (4,857) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 (1,049,451) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (287,102) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (132,167) - Accumulated provision for pension and benefits - - - Other long-term liabilities - (940) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (420,209) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (2,917,450) - Additional paid-in capital - (792,793) - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) 119,802 (194) Unrealized gain in equity securities-net - - - Retained earnings (357) (1,012,891) (357) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (4,603,332) (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($6,077,849) $55,610 ============================================================= ==================== ==================== ====================
888 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense - (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (57,834) 57,783 Retained earnings - beginning of year - (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($238,027) $238,093 ============================================================= ==================== ==================== ====================
889 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [9] [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $454 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 454 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (454) - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense (20) (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (474) (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (474) (57,834) 57,783 Retained earnings - beginning of year (591) (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,065) ($238,027) $238,093 ============================================================= ==================== ==================== ====================
890 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $63,162 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 63,162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,581 $17,459 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,566 18,049 Depreciation, decommissioning and amortization - 12,006 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 31,153 35,508 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 32,009 (35,508) Interest and dividend income - 7,213 - Other nonoperating income (deductions)-net - - - Interest expense - (27,448) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 11,774 (35,508) Income taxes - 1,931 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 9,843 (35,508) Retained earnings - beginning of year - 58,861 347,405 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $68,704 $311,897 ============================================================= ==================== ==================== ====================
891 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd [9] First Hydro Partnership Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $336,448 Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 336,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 71,535 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 44,545 Depreciation, decommissioning and amortization - - 22,157 Property and other taxes - - 15,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 154,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - 182,262 Interest and dividend income $190 $57,783 4,717 Other nonoperating income (deductions)-net - - - Interest expense (58,024) - (56,448) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (57,834) 57,783 130,531 Income taxes - - 37,084 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (57,834) 57,783 93,447 Retained earnings - beginning of year (180,193) 180,310 246,597 Dividends declared on common stock - - (120,116) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($238,027) $238,093 $219,928 ============================================================= ==================== ==================== ====================
892 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [9] Finance plc [9] Company [10] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $336,448 - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 336,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 70,701 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 35,391 ($18) - Depreciation, decommissioning and amortization 10,692 - - Property and other taxes 17,063 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 133,847 (18) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 202,601 18 - Interest and dividend income 2,931 56,122 - Other nonoperating income (deductions)-net - - - Interest expense (2) (56,446) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 205,530 (306) - Income taxes 34,381 (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 171,149 (302) - Retained earnings - beginning of year 239,135 3,247 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $410,284 $2,945 - ============================================================= ==================== ==================== ====================
893 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - ($736,058) - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (736,058) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (168,276) - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 (108,987) $210 Depreciation, decommissioning and amortization - (44,855) - Property and other taxes - (33,012) - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 (355,130) 210 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) (380,928) (210) Interest and dividend income - (244,902) - Other nonoperating income (deductions)-net - - - Interest expense (10) 314,436 (10) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) (311,394) (220) Income taxes - (73,392) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) (238,002) (220) Retained earnings - beginning of year (137) (895,005) (137) Dividends declared on common stock - 120,116 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($1,012,891) ($357) ============================================================= ==================== ==================== ====================
MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,731 $56 $90 Receivables - net 1,815 - 795 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 746 - 385 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,292 56 1,270 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 3,530 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 3,530 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $7,822 $56 $1,270 ============================================================= ==================== ==================== ====================
895 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro (UK) Pride Hold Limited Rapid Energy Limited Consolidated Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2,162 $9,741 - Receivables - net - 5,574 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 551 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2,162 15,866 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 126,475 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 7,776 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 7,776 126,475 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $9,938 $145,610 - ============================================================= ==================== ==================== ====================
896 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Consolidating Mission Energy Company (UK) Adjustments Company (UK) Limited Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $19,524 ($2,947) $30,357 Receivables - net - 56 8,240 Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 1,682 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 19,524 (2,891) 40,279 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 18,601 148,606 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 8,559 (4,881) 11,454 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 8,559 13,720 160,060 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 22,331 (22,311) 3,289 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 22,331 (22,311) 3,289 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $50,414 ($11,482) $203,628 ============================================================= ==================== ==================== ====================
897 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 $2,107 $8 ($272) Accrued taxes 1,089 16 402 Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 3,196 24 130 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (777) (577) (1,193) Unrealized gain in equity securities-net - - - Retained earnings 5,403 609 2,333 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 4,626 32 1,140 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $7,822 $56 $1,270 ============================================================= ==================== ==================== ====================
898 MEC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Hydro (UK) Pride Hold Limited Rapid Energy Limited Consolidated Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $150 - Accounts payable ($5,446) (6,476) - Accrued taxes 93 (335) - Accrued interest - 1,941 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (5,353) (4,720) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 99,264 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 34,449 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 34,449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 8,263 150 - Accumulated other comprehensive income: Cumulative translation adjustments - net (1,381) 7,294 - Unrealized gain in equity securities-net - - - Retained earnings 8,409 8,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 15,291 16,168 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $9,938 $145,610 - ============================================================= ==================== ==================== ====================
899 EC International B.V. Mission Energy Company (UK) Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Energy Consolidating Mission Energy Company (UK) Adjustments Company (UK) Limited Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $16,622 $16,772 Accounts payable ($27,750) (9) (37,838) Accrued taxes 24 - 1,289 Accrued interest - 1 1,942 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (27,726) 16,614 (17,835) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - (16,623) 82,641 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 32 34,481 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 32 34,481 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - 182 631 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 22,259 491 22,750 Additional paid-in capital 10,802 (7,596) 11,619 Accumulated other comprehensive income: Cumulative translation adjustments - net 5,553 (14,416) (5,497) Unrealized gain in equity securities-net - - - Retained earnings 39,526 9,834 74,838 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 78,140 (11,687) 103,710 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $50,414 ($11,482) $203,628 ============================================================= ==================== ==================== ====================
900 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, 2000 (In thousands)
Edison Mission Edison Mission Edison Mission Energy Limited Operation & Services Limited Maintenance Limited - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other $27,925 - $3,239 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 27,925 - 3,239 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 23,312 $7 2,598 Depreciation, decommissioning and amortization 1,660 - - Property and other taxes 548 - - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 25,520 7 2,598 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 2,405 (7) 641 Interest and dividend income 69 6 28 Other nonoperating income (deductions)- net (44) - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2,430 (1) 669 Income taxes 739 3 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 1,691 (4) 669 Retained earnings - beginning of year 3,712 613 1,664 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $5,403 $609 $2,333 =============================================================== ==================== ==================== ====================
901 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, 2000 (In thousands)
Mission Hydro (UK) Pride Hold Limited Rapid Energy Limited Consolidated Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $92,098 - Nonutility power generation - - - Financial services and other - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 92,098 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,306 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $29 14,084 - Depreciation, decommissioning and amortization - 7,579 - Property and other taxes - 1,954 - Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 29 64,923 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (29) 27,175 - Interest and dividend income 2,699 (45,129) - Other nonoperating income (deductions)-net - - - Interest expense - (6,599) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2,670 (24,553) - Income taxes 76 5,372 - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2,594 (29,925) - Retained earnings - beginning of year 5,815 47,965 - Dividends declared on common stock - (9,316) - Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $8,409 $8,724 - =============================================================== ==================== ==================== ====================
902 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, 2000 (In thousands)
Mission Energy Consolidating Mission Energy Company (UK) Adjustments Company (UK) Limited Limited Consolidated - --------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $92,098 Nonutility power generation - - - Financial services and other - $1,769 32,933 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 1,769 125,031 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 78 41,384 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $324 (289) 40,065 Depreciation, decommissioning and amortization 1,256 766 11,261 Property and other taxes - 15 2,517 Net gain on sale of utility plant - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 1,580 570 95,227 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (1,580) 1,199 29,804 Interest and dividend income 49,567 (5,271) 1,969 Other nonoperating income (deductions)-net - 1 (43) Interest expense (453) 1 (7,051) Other nonoperating deductions - (161) (161) Dividends on preferred securities - - - Dividends on utility preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 47,534 (4,231) 24,518 Income taxes - (80) 6,110 - --------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 47,534 (4,151) 18,408 Retained earnings - beginning of year (8,008) 2,313 54,074 Dividends declared on common stock 11,672 2,356 Dividends declared on preferred stock - - - - --------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $39,526 $9,834 $74,838 =============================================================== ==================== ==================== ====================
903 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $32,488 - $2,162 Receivables - net 34,851 - - Fuel inventory - - - Materials and supplies, at average cost 1,494 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 13,099 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 81,932 - 2,162 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 1,199,483 - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (169,327) ($153,180) 7,776 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 1,030,156 (153,180) 7,776 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 288,930 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 288,930 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $1,401,018 ($153,180) $9,938 ============================================================= ==================== ==================== ====================
904 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($32,488) $2,162 - Receivables - net (34,851) - - Fuel inventory - - - Materials and supplies, at average cost (1,494) - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets (13,099) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (81,932) 2,162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (1,199,483) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 322,507 7,776 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (876,976) 7,776 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (288,930) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (288,930) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($1,247,838) $9,938 - ============================================================= ==================== ==================== ====================
905 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (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 $8,742 - ($5,446) Accrued taxes 9,936 - 93 Accrued interest 23,165 - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 9,687 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 51,530 - (5,353) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 625,119 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 246,938 - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities 892 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 247,830 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 181,986 $135,247 - Additional paid-in capital - - 8,263 Accumulated other comprehensive income: Cumulative translation adjustments - net 74,625 - (1,381) Unrealized gain in equity securities-net - - - Retained earnings 219,928 (288,427) 8,409 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 476,539 (153,180) 15,291 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $1,401,018 ($153,180) $9,938 ============================================================= ==================== ==================== ====================
906 MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable ($8,742) ($5,446) - Accrued taxes (9,936) 93 - Accrued interest (23,165) - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (9,687) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (51,530) (5,353) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (625,119) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (246,938) - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities (892) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (247,830) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (317,233) - - Additional paid-in capital - 8,263 - Accumulated other comprehensive income: Cumulative translation adjustments - net (74,625) (1,381) - Unrealized gain in equity securities-net - - - Retained earnings 68,499 8,409 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (323,359) 15,291 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($1,247,838) $9,938 - ============================================================= ==================== ==================== ====================
907 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, 2000 (In thousands)
First Hydro Mission Hydro Mission Hydro (UK) Holdings Company Limited Limited Consolidated Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $336,448 - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 336,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 71,535 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 44,545 - $29 Depreciation, decommissioning and amortization 22,157 - - Property and other taxes 15,949 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 154,186 - 29 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 182,262 - (29) Interest and dividend income 4,717 - 2,699 Other nonoperating income (deductions)-net - - - Interest expense (56,448) - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 130,531 - 2,670 Income taxes 37,084 - 76 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 93,447 - 2,594 Retained earnings - beginning of year 246,597 $80,440 5,815 Dividends declared on common stock (120,116) (368,867) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $219,928 ($288,427) $8,409 ============================================================= ==================== ==================== ====================
908 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, 2000 (In thousands)
Consolidating Mission Hydro (UK) Adjustments Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility ($336,448) - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (336,448) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (71,535) - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (44,545) $29 - Depreciation, decommissioning and amortization (22,157) - - Property and other taxes (15,949) - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (154,186) 29 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (182,262) (29) - Interest and dividend income (4,717) 2,699 - Other nonoperating income (deductions)-net - - - Interest expense 56,448 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (130,531) 2,670 - Income taxes (37,084) 76 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (93,447) 2,594 - Retained earnings - beginning of year (327,037) 5,815 - Dividends declared on common stock 488,983 - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $68,499 $8,409 - ============================================================= ==================== ==================== ====================
909 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, 2000 (In thousands)
First Hydro Company First Hydro First Hydro Finance plc Company [9] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,453 $2,012 - Receivables - net 29,407 27,653 - Fuel inventory - - - Materials and supplies, at average cost 1,494 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 4,906 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66,260 29,665 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 693,280 158 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 148,710 8,500 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 841,990 8,658 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $908,250 $38,323 - ============================================================= ==================== ==================== ====================
910 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, 2000 (In thousands)
First Hydro Consolidating First Hydro Holdings Company Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $23 - $32,488 Receivables - net 4,709 ($26,918) 34,851 Fuel inventory - - - Materials and supplies, at average cost - - 1,494 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 8,193 13,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 4,732 (18,725) 81,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 15,602 490,443 1,199,483 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 916,766 (1,243,303) (169,327) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 932,368 (752,860) 1,030,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 288,930 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 288,930 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $937,100 ($482,655) $1,401,018 ============================================================= ==================== ==================== ====================
911 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, 2000 (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 - $26,919 - Accounts payable $685 (22,329) - Accrued taxes 9,936 - - Accrued interest 2 23,162 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 9,687 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 20,310 27,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (6,258) 7,224 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 605,584 19 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (121,670) 383 - Unrealized gain in equity securities-net - - - Retained earnings 410,284 2,945 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 894,198 3,347 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $908,250 $38,323 - ============================================================= ==================== ==================== ====================
912 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, 2000 (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 - ($26,919) - Accounts payable $29,341 1,045 $8,742 Accrued taxes - - 9,936 Accrued interest - 1 23,165 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 9,687 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 29,341 (25,873) 51,530 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 747,606 (123,453) 625,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 246,938 246,938 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - 892 892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 247,830 247,830 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 181,986 (605,603) 181,986 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 55,308 140,604 74,625 Unrealized gain in equity securities-net - - Retained earnings (77,141) (116,160) 219,928 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 160,153 (581,159) 476,539 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $937,100 ($482,655) $1,401,018 ============================================================= ==================== ==================== ====================
913 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, 2000 (In thousands)
First Hydro Company First Hydro First Hydro Finance plc Company [9] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $336,448 - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 336,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 70,701 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 35,391 ($18) - Depreciation, decommissioning and amortization 10,692 - - Property and other taxes 17,063 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 133,847 (18) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 202,601 18 - Interest and dividend income 2,931 56,122 - Other nonoperating income (deductions)-net - - - Interest expense (2) (56,446) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 205,530 (306) - Income taxes 34,381 (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 171,149 (302) - Retained earnings - beginning of year 239,135 3,247 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $410,284 $2,945 - ============================================================= ==================== ==================== ====================
914 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, 2000 (In thousands)
First Hydro Consolidating First Hydro Holdings Company Adjustments Holdings Company Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $336,448 Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 336,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - $834 71,535 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $298 8,874 44,545 Depreciation, decommissioning and amortization - 11,465 22,157 Property and other taxes - (1,114) 15,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 298 20,059 154,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (298) (20,059) 182,262 Interest and dividend income 72 (54,408) 4,717 Other nonoperating income (deductions)-net - - - Interest expense (54,564) 54,564 (56,448) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (54,790) (19,903) 130,531 Income taxes - 2,707 37,084 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (54,790) (22,610) 93,447 Retained earnings - beginning of year (22,351) 26,566 246,597 Dividends declared on common stock - (120,116) (120,116) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($77,141) ($116,160) $219,928 ============================================================= ==================== ==================== ====================
915 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, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - ($153,180) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (153,180) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - ($55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
916 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries ($153,180) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (153,180) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($153,180) - - ============================================================= ==================== ==================== ====================
917 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, 2000 (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 $551 - ($551) Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 - (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 - (55,610) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - $135,247 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) - 194 Unrealized gain in equity securities-net - - - Retained earnings (357) (288,427) 357 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (153,180) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($153,180) ($55,610) ============================================================= ==================== ==================== ====================
918 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable - - - Accrued taxes - - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - 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 - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 $135,247 - - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (288,427) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (153,180) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($153,180) - - ============================================================= ==================== ==================== ====================
919 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, 2000 (In thousands)
EME Generation Mission Hydro Consolidating Holdings Limited Limited Partnership Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 - ($210) Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 - (210) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) - 210 Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense (10) - 10 Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) - 220 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) - 220 Retained earnings - beginning of year (137) $80,440 137 Dividends declared on common stock - (368,867) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($288,427) $357 ============================================================= ==================== ==================== ====================
920 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, 2000 (In thousands)
Mission Hydro Limited Partnership Consolidated - ------------------------------------------------------------- -------------------- --------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Operating income (loss) - - - Interest and dividend income - - - Other nonoperating income (deductions)-net - - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Income (loss) before taxes - - - Income taxes - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Net income (loss) - Retained earnings - beginning of year $80,440 - - Dividends declared on common stock (368,867) - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- --------------------- ------------------- Retained earnings - end of year ($288,427) - - ============================================================= ==================== ===================== ===================
921 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $697,905 - ============================================================= ==================== ==================== ====================
922 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, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - $697,905 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 697,905 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 $697,905 - ============================================================= ==================== ==================== ====================
923 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $18,450 ($95) Receivables - net - 7,044 177 Fuel inventory - - - Materials and supplies, at average cost - 4,157 8,485 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 783 186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 30,434 8,753 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 494,353 1,038,063 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 494,353 1,038,063 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 9,330 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $534,117 $1,046,816 ============================================================= ==================== ==================== ====================
924 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - - $32,488 Receivables - net - - 34,851 Fuel inventory - - - Materials and supplies, at average cost - - 1,494 Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - 13,099 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - - 81,932 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - 1,199,483 Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries $697,905 - (169,327) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 697,905 - 1,030,156 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - 288,930 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
925 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $30,453 $2,011 - Receivables - net 29,407 27,653 - Fuel inventory - - - Materials and supplies, at average cost 1,494 - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets 4,904 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 66,258 29,664 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 693,280 158 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 148,710 8,500 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 841,990 8,658 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $908,248 $38,322 - ============================================================= ==================== ==================== ====================
926 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - ($83,307) - Receivables - net - (99,132) - Fuel inventory - - - Materials and supplies, at average cost - (15,630) - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - (18,972) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - (217,041) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - (3,425,337) - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - (2,081,598) - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - (5,506,935) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges $55,610 (353,870) $55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 55,610 (353,870) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $55,610 ($6,077,846) $55,610 ============================================================= ==================== ==================== ====================
927 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $4 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 4 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (1) - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (1) - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - Accumulated other comprehensive income: Cumulative translation adjustments - net (3) 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings - (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity ($3) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $697,905 - ============================================================= ==================== ==================== ====================
928 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $8,283 ($8,283) Accounts payable $735 225,820 (239,294) Accrued taxes - - - Accrued interest - 13,479 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 735 247,582 (247,577) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 657,047 (657,047) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - (1) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 697,905 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 330 31,303 (31,373) Unrealized gain in equity securities-net - - - Retained earnings (1,065) (238,027) 238,093 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (735) (206,724) $904,625 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 $697,905 - ============================================================= ==================== ==================== ====================
929 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, 2000 (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 - - - Current portion of long-term debt - $3,900 - Accounts payable - (104,482) $4,655 Accrued taxes - 439 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - (100,143) 4,655 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 367,755 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 40,168 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 132,167 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 12 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 172,347 36 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 36,146 - Additional paid-in capital - 792,793 Accumulated other comprehensive income: Cumulative translation adjustments - net - (10,692) (62,565) Unrealized gain in equity securities-net - - - Retained earnings - 68,704 311,897 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 94,158 1,042,125 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $534,117 $1,046,816 ============================================================= ==================== ==================== ====================
930 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt $8,283 ($8,283) - Accounts payable 225,820 (239,294) $8,742 Accrued taxes - - 9,936 Accrued interest 13,479 - 23,165 Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - 9,687 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 247,582 (247,577) 51,530 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 657,047 (657,047) 625,119 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (1) 246,938 Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - 892 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (1) 247,830 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 697,905 181,986 Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net 31,303 (31,373) 74,625 Unrealized gain in equity securities-net - - - Retained earnings (238,027) 238,093 219,928 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (206,724) $904,625 476,539 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $697,905 - $1,401,018 ============================================================= ==================== ==================== ====================
931 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, 2000 (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 - $26,919 - Accounts payable $685 (22,329) - Accrued taxes 9,936 - - Accrued interest 2 23,162 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities 9,687 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 20,310 27,752 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (6,258) 7,223 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 605,584 19 - Additional paid-in capital - - - Accumulated other comprehensive income: Cumulative translation adjustments - net (121,672) 383 - Unrealized gain in equity securities-net - - - Retained earnings 410,284 2,945 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 894,196 3,347 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $908,248 $38,322 - ============================================================= ==================== ==================== ====================
932 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - ($30,819) - Accounts payable $551 152,412 $551 Accrued taxes - (20,311) - Accrued interest - (86,766) - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - (19,374) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 551 (4,858) 551 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt 55,610 (1,049,449) 55,610 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - (287,102) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - (132,167) - Accumulated provision for pension and benefits - - - Other long-term liabilities - (940) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - (420,209) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - (2,917,450) - Additional paid-in capital - (792,793) - Accumulated other comprehensive income: Cumulative translation adjustments - net (194) 119,804 (194) Unrealized gain in equity securities-net - - - Retained earnings (357) (1,012,891) (357) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (551) (4,603,330) (551) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $55,610 ($6,077,846) $55,610 ============================================================= ==================== ==================== ====================
933 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, 2000 (In thousands)
Loyvic Pty Ltd Energy Capital Enerloy Pty Ltd Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense - (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (57,834) 57,783 Retained earnings - beginning of year - (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($238,027) $238,093 ============================================================= ==================== ==================== ====================
934 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, 2000 (In thousands)
EME Victoria Energy Capital Enerloy Pty Ltd Generation Limited Partnership [10] [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $454 - - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 454 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (454) - - Interest and dividend income - $190 $57,783 Other nonoperating income (deductions)-net - - - Interest expense (20) (58,024) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (474) (57,834) 57,783 Income taxes - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (474) (57,834) 57,783 Retained earnings - beginning of year (591) (180,193) 180,310 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($1,065) ($238,027) $238,093 ============================================================= ==================== ==================== ====================
935 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, 2000 (In thousands)
Mission Energy Gippsland Power Loy Yang B Joint Development Pty Ltd [10] Venture [11] Australia Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $63,162 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 63,162 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,581 $17,459 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,566 18,049 Depreciation, decommissioning and amortization - 12,006 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 31,153 35,508 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 32,009 (35,508) Interest and dividend income - 7,213 - Other nonoperating income (deductions)-net - - - Interest expense - (27,448) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 11,774 (35,508) Income taxes - 1,931 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 9,843 (35,508) Retained earnings - beginning of year - 58,861 347,405 Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - $68,704 $311,897 ============================================================= ==================== ==================== ====================
936 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, 2000 (In thousands)
Energy Capital Enerloy Pty Ltd First Hydro Partnership [10] Holdings Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - $336,448 Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - 336,448 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - 71,535 Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - - 44,545 Depreciation, decommissioning and amortization - - 22,157 Property and other taxes - - 15,949 Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - - 154,186 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - - 182,262 Interest and dividend income $190 $57,783 4,717 Other nonoperating income (deductions)-net - - - Interest expense (58,024) - (56,448) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (57,834) 57,783 130,531 Income taxes - - 37,084 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (57,834) 57,783 93,447 Retained earnings - beginning of year (180,193) 180,310 246,597 Dividends declared on common stock - - (120,116) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($238,027) $238,093 $219,928 ============================================================= ==================== ==================== ====================
937 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, 2000 (In thousands)
First Hydro First Hydro First Hydro Company [10] Finance plc [10] Company [11] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility $336,448 - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue 336,448 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel 70,701 - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 35,391 ($18) - Depreciation, decommissioning and amortization 10,692 - - Property and other taxes 17,063 - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 133,847 (18) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) 202,601 18 - Interest and dividend income 2,931 56,122 - Other nonoperating income (deductions)-net - - - Interest expense (2) (56,446) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 205,530 (306) - Income taxes 34,381 (4) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 171,149 (302) - Retained earnings - beginning of year 239,135 3,247 - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $410,284 $2,945 - ============================================================= ==================== ==================== ====================
938 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, 2000 (In thousands)
EME Generation Consolidating EME Generation Holdings Limited Adjustments Holdings Limited Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - ($736,058) - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (736,058) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - (168,276) - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $210 (108,987) $210 Depreciation, decommissioning and amortization - (44,855) - Property and other taxes - (33,012) - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 210 (355,130) 210 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (210) (380,928) (210) Interest and dividend income - (244,902) - Other nonoperating income (deductions)-net - - - Interest expense (10) 314,436 (10) Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (220) (311,394) (220) Income taxes - (73,392) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (220) (238,002) (220) Retained earnings - beginning of year (137) (895,005) (137) Dividends declared on common stock - 120,116 - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($357) ($1,012,891) ($357) ============================================================= ==================== ==================== ====================
939 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2 $9,721 $18 Receivables - net - 19,033 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 550 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2 29,304 19 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 115,921 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 14,461 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 115,921 14,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2 $145,225 $14,480 ============================================================= ==================== ==================== ====================
940 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $9,741 - Receivables - net ($13,459) 5,574 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 551 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (13,459) 15,866 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 10,554 126,475 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (14,461) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (3,907) 126,475 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 3,269 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,269 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($14,097) $145,610 - ============================================================= ==================== ==================== ====================
941 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $150 - Accounts payable ($168) 5,490 $1,661 Accrued taxes - (335) - Accrued interest - 1,941 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (168) 7,246 1,661 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 99,264 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 33,392 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 33,392 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 150 Accumulated other comprehensive income: Cumulative translation adjustments - net (19) (45,455) 46,261 Unrealized gain in equity securities-net - - - Retained earnings 189 50,777 (33,592) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 170 5,323 12,819 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2 $145,225 $14,480 ============================================================= ==================== ==================== ====================
942 MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited and Subsidiaries [Tier 7] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $150 - Accounts payable ($13,459) (6,476) - Accrued taxes - (335) - Accrued interest - 1,941 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (13,459) (4,720) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 99,264 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,057 34,449 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,057 34,449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 449 449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 150 - Accumulated other comprehensive income: Cumulative translation adjustments - net 6,507 7,294 - Unrealized gain in equity securities-net - - - Retained earnings (8,650) 8,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (2,144) 16,168 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($14,097) $145,610 - ============================================================= ==================== ==================== ====================
943 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, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $92,098 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 92,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,306 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,061 $23 Depreciation, decommissioning and amortization - 7,411 - Property and other taxes - 1,954 - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 64,732 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 27,366 (23) Interest and dividend income - (11,407) (33,722) Other nonoperating income (deductions)-net - - - Interest expense - (6,599) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 9,360 (33,745) Income taxes - 5,372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 3,988 (33,745) Retained earnings - beginning of year $189 7,058 49,380 Dividends declared on common stock - 39,731 (49,227) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $189 $50,777 ($33,592) ============================================================= ==================== ==================== ====================
944 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, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $92,098 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 92,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,306 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,084 - Depreciation, decommissioning and amortization $168 7,579 - Property and other taxes - 1,954 - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 168 64,923 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (168) 27,175 - Interest and dividend income - (45,129) - Other nonoperating income (deductions)-net - - - Interest expense - (6,599) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (168) (24,553) - Income taxes - 5,372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (168) (29,925) - Retained earnings - beginning of year (8,662) 47,965 - Dividends declared on common stock 180 (9,316) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,650) $8,724 - ============================================================= ==================== ==================== ====================
945 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $2 $9,721 $18 Receivables - net - 19,033 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 550 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 2 29,304 19 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 115,921 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - - 14,461 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 115,921 14,461 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $2 $145,225 $14,480 ============================================================= ==================== ==================== ====================
946 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents - $9,741 - Receivables - net ($13,459) 5,574 - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 551 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (13,459) 15,866 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net 10,554 126,475 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (14,461) - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (3,907) 126,475 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 3,269 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 3,269 3,269 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($14,097) $145,610 - ============================================================= ==================== ==================== ====================
947 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $150 - Accounts payable ($168) 5,490 $1,661 Accrued taxes - (335) - Accrued interest - 1,941 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (168) 7,246 1,661 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 99,264 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - 33,392 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - 33,392 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - - 150 Accumulated other comprehensive income: Cumulative translation adjustments - net (19) (45,455) 46,261 Unrealized gain in equity securities-net - - - Retained earnings 189 50,777 (33,592) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 170 5,323 12,819 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $2 $145,225 $14,480 ============================================================= ==================== ==================== ====================
948 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $150 - Accounts payable ($13,459) (6,476) - Accrued taxes - (335) - Accrued interest - 1,941 - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities (13,459) (4,720) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 99,264 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net 1,057 34,449 - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities 1,057 34,449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest 449 449 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 150 - Accumulated other comprehensive income: Cumulative translation adjustments - net 6,507 7,294 - Unrealized gain in equity securities-net - - - Retained earnings (8,650) 8,724 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (2,144) 16,168 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($14,097) $145,610 - ============================================================= ==================== ==================== ====================
949 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Lakeland Power Lakeland Power Ltd Pride Hold Limited Development Company - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $92,098 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 92,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,306 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,061 $23 Depreciation, decommissioning and amortization - 7,411 - Property and other taxes - 1,954 - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 64,732 23 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 27,366 (23) Interest and dividend income - (11,407) (33,722) Other nonoperating income (deductions)- net - - - Interest expense - (6,599) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - 9,360 (33,745) Income taxes - 5,372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - 3,988 (33,745) Retained earnings - beginning of year $189 7,058 49,380 Dividends declared on common stock - 39,731 (49,227) Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $189 $50,777 ($33,592) ============================================================= ==================== ==================== ====================
950 MEC International B.V. Pride Hold Limited and Subsidiaries [Tier 6] Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 2000 (In thousands)
Consolidating Pride Hold Limited Adjustments Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $92,098 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 92,098 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 41,306 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 14,084 - Depreciation, decommissioning and amortization $168 7,579 - Property and other taxes - 1,954 - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 168 64,923 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (168) 27,175 - Interest and dividend income - (45,129) - Other nonoperating income (deductions)-net - - - Interest expense - (6,599) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (168) (24,553) - Income taxes - 5,372 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (168) (29,925) - Retained earnings - beginning of year (8,662) 47,965 - Dividends declared on common stock 180 (9,316) - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($8,650) $8,724 - ============================================================= ==================== ==================== ====================
951 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
EME del Caribe EME del Caribe [7] EcoElectrica Holding GmbH Holdings, Ltd. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,320 $341 - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,320 341 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 257,438 249,007 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 257,438 249,007 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 469 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 469 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $258,758 $249,817 - ============================================================= ==================== ==================== ====================
952 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets - 12 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries - 224,992 ($515,290) Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets - 224,992 (515,290) - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - - (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets - $225,004 ($515,291) ============================================================= ==================== ==================== ====================
953 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $1,673 - - Receivables - net - - - Fuel inventory - - - Materials and supplies, at average cost - - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 1,673 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 216,147 - - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 216,147 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges 468 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges 468 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $218,288 - - ============================================================= ==================== ==================== ====================
954 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - $46 - Accrued taxes $49 119 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (1) - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total current liabilities 48 165 - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Preferred stock of utility: 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 - - Additional paid-in capital 258,450 256,798 - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings 218 (7,146) - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total common shareholders' equity 258,710 249,652 - - ------------------------------------------------------------- -------------------- --------------------- -------------------- Total liabilities and shareholders' equity $258,758 $249,817 - ============================================================= ==================== ===================== ====================
955 MEC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (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 - $15 - Accrued taxes - (6) - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities - 9 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 - 14 ($42) Additional paid-in capital - 224,992 (515,248) Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings - (11) (1) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity - 224,995 (515,291) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity - $225,004 ($515,291) ============================================================= ==================== ==================== ====================
956 EC International B.V. EcoElectrica S.a.r.l. and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - - - Accounts payable $61 - - Accrued taxes 162 - - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities (1) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 222 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net - - - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - - - Accumulated provision for pension and benefits - - - Other long-term liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 14 - - Additional paid-in capital 224,992 - - Accumulated other comprehensive income: Cumulative translation adjustments - net - - - Unrealized gain in equity securities-net - - - Retained earnings (6,940) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 218,066 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $218,288 - - ============================================================= ==================== ==================== ====================
957 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, 2000 (In thousands)
EME del Caribe EME del Caribe [7] EcoElectrica Holding GmbH Holdings, Ltd. [8] - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - ($2,592) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - (2,592) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance $6 - - Depreciation, decommissioning and amortization 22 4,776 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 28 4,776 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (28) (7,368) - Interest and dividend income 94 341 - Other nonoperating income (deductions)-net (4) - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 62 (7,027) - Income taxes 29 119 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 33 (7,146) - Retained earnings - beginning of year 185 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $218 ($7,146) - ============================================================= ==================== ==================== ====================
958 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, 2000 (In thousands)
EcoElectrica Ltd. EcoElectrica Consolidating [9] S.a.r.l. Adjustments - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - $7 - Depreciation, decommissioning and amortization - - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 7 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - (7) - Interest and dividend income - - - Other nonoperating income (deductions)-net - - $1 Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes - (7) 1 Income taxes - (2) 1 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) - (5) - Retained earnings - beginning of year - (6) (1) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year - ($11) ($1) ============================================================= ==================== ==================== ====================
959 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, 2000 (In thousands)
EcoElectrica S.a.r.l. Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - - - Nonutility power generation - - - Financial services and other ($2,592) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (2,592) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance 13 - - Depreciation, decommissioning and amortization 4,798 - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses 4,811 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (7,403) - - Interest and dividend income 435 - - Other nonoperating income (deductions)-net (3) - - Interest expense - - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (6,971) - - Income taxes 147 - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (7,118) - - Retained earnings - beginning of year 178 - - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($6,940) - - ============================================================= ==================== ==================== ====================
960 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents $51 $11,728 - Receivables - net - 6,014 - Fuel inventory - - - Materials and supplies, at average cost - 4,327 - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets - 815 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets 51 22,884 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net - 614,763 - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries 70,659 - $32,263 Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets 70,659 614,763 32,263 - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges - 4,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges - 4,161 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets $70,710 $641,808 $32,263 ============================================================= ==================== ==================== ====================
961 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- ASSETS - ------------------------------------------------------------- -------------------- -------------------- -------------------- Cash and equivalents ($11,779) - - Receivables - net (6,014) - - Fuel inventory - - - Materials and supplies, at average cost (4,327) - - Accumulated deferred income taxes - net - - - Trading and price risk management assets - - - Prepayments and other current assets (815) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current assets (22,935) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Nonutility property - net (614,763) - - Nuclear decommissioning trusts - - - Investments in partnerships and unconsolidated subsidiaries (70,659) $32,263 - Investments in leveraged leases - - - Other investments - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total investment and other assets (685,422) 32,263 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- 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 - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Regulatory assets - net - - - Other deferred charges (4,161) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred charges (4,161) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total assets ($712,518) $32,263 - ============================================================= ==================== ==================== ====================
962 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt - $4,382 - Accounts payable $1,594 (71,902) $6,806 Accrued taxes - 456 - Accrued interest - - - Dividends payable - - - Regulatory liabilities - net - - - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 1,594 (67,064) 6,806 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt - 350,474 133,067 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (7) 66 (1,659) Accumulated deferred investment tax credits - - - Customer advances and other deferred credits - 288,811 - Accumulated provision for pension and benefits - - - Other long-term liabilities - 13 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (7) 288,890 (1,659) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 (17,644) (15,232) - Accumulated other comprehensive income: Cumulative translation adjustments - net 81,877 (14,208) (87,462) Unrealized gain in equity securities-net - - - Retained earnings 4,890 98,948 (18,489) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity 69,123 69,508 (105,951) - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity $70,710 $641,808 $32,263 ============================================================= ==================== ==================== ====================
963 MEC International B.V. Traralgon Power Pty Ltd and Subsidiaries [Tier 6] Consolidating Balance Sheet December 31, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- LIABILITIES AND SHAREHOLDERS' EQUITY - ------------------------------------------------------------- -------------------- -------------------- -------------------- Short-term debt - - - Current portion of long-term debt ($4,382) - - Accounts payable 70,308 $6,806 - Accrued taxes (456) - - Accrued interest - - Dividends payable - - - Regulatory liabilities - net - Trading and price risk management liabilities - - - Deferred unbilled revenue - - - Other current liabilities - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total current liabilities 65,470 6,806 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Long-term debt (350,474) 133,067 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Accumulated deferred income taxes - net (59) (1,659) - Accumulated deferred investment tax credits - - - Customer advances and other deferred credits (288,811) - - Accumulated provision for pension and benefits - - - Other long-term liabilities (13) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total deferred credits & other liabilities (288,883) (1,659) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Minority Interest - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Preferred stock of utility: 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 32,876 - - Accumulated other comprehensive income: Cumulative translation adjustments - net (67,669) (87,462) - Unrealized gain in equity securities-net - - - Retained earnings (103,838) (18,489) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total common shareholders' equity (138,631) (105,951) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total liabilities and shareholders' equity ($712,518) $32,263 - ============================================================= ==================== ==================== ====================
964 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, 2000 (In thousands)
Mission Victoria Latrobe Power Traralgon Power Partnership Partnership [7] Pty Ltd - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility - $80,097 - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue - 80,097 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel - 8,932 - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance - 10,978 - Depreciation, decommissioning and amortization - 14,347 - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses - 34,257 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) - 45,840 - Interest and dividend income $2 13,303 $768 Other nonoperating income (deductions)-net - - - Interest expense - (30,792) - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes 2 28,351 768 Income taxes 9,359 - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) 2 28,351 (8,591) Retained earnings - beginning of year 4,888 70,597 (9,898) Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year $4,890 $98,948 ($18,489) ============================================================= ==================== ==================== ====================
965 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, 2000 (In thousands)
Consolidating Traralgon Power Adjustments Pty Ltd Consolidated - ------------------------------------------------------------- -------------------- -------------------- -------------------- Electric utility ($80,097) - - Nonutility power generation - - - Financial services and other - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating revenue (80,097) - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Fuel (8,932) - - Purchased power - contracts - - - Purchased power - PX/ISO - net - - - Provisions for reg. adj. clauses - net - - - Other operation and maintenance (10,978) - - Depreciation, decommissioning and amortization (14,347) - - Property and other taxes - - - Net gain on sale of utility plant - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Total operating expenses (34,257) - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Operating income (loss) (45,840) - - Interest and dividend income (13,305) $768 - Other nonoperating income (deductions)-net - - - Interest expense 30,792 - - Other nonoperating deductions - - - Dividends on preferred securities - - - Dividends on utility preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Income (loss) before taxes (28,353) 768 - Income taxes - 9,359 - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Net income (loss) (28,353) (8,591) - Retained earnings - beginning of year (75,485) (9,898) - Dividends declared on common stock - - - Dividends declared on preferred stock - - - - ------------------------------------------------------------- -------------------- -------------------- -------------------- Retained earnings - end of year ($103,838) ($18,489) - ============================================================= ==================== ==================== ====================
966 MEC International B.V. Equity Investments December 31, 2000 (In thousands)
Name of Entity: Contact Energy Limited Derwent Cogeneration EcoElectrica, L.P. Limited - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $478,570 $63,029 $384,053 Revenues $169,343 $27,416 $74,756 Net Income (Loss) $15,977 $2,142 ($2,593) Nature/Purpose of Business: To own nine facilities To own and operate a 214 To own and operate a 540 with 2,149MW in New MW gas-fired, combined MW gas-fired, combined Zealand and one minority cycle cogeneration cycle cogeneration interest (25%) in a 300MW facility in the United facility in Puerto Rico facility in Australia. Kingdom. Ownership Interest(s) 42.26% by EME Pacific 33% by Mission Energy 99.0% of 50% by Holdings 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
967 MEC International B.V. Equity Investments December 31, 2000 (In thousands)
Name of Entity: ISAB Energy s.r.l. P.T. Adaro Indonesia P.T. Paiton Energy Company - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets $424,699 $19,740 $1,285,902 Revenues $94,672 $28,358 $169,870 Net Income (Loss) ($2,098) $1,126 $24,040 Nature/Purpose of Business: To own and operate a 512 Fuel supplier for P.T. To own and operate a MW cogeneration facility Paiton Energy Company 1,230 MW cogeneration located in Sicily, Italy located in Indonesia facility located in Indonesia. Ownership Interest(s) 49% by MEC Priolo B.V. 10% MEC Indo Coal B.V. 40% by MEC Indonesia B.V.
968 MEC International B.V. Equity Investments December 31, 2000 (In thousands)
Name of Entity: San Pascual Cogeneration Tri Energy Company Limited Company (Philippines) Ltd. - ---------------------------------------- --------------------------- --------------------------- --------------------------- Equity Interest: Assets - $94,218 - Revenues - $21,972 - Net Income (Loss) - $2,044 - Nature/Purpose of Business: To own and operate a 304 To own and operate a 700 MW oil-fired, combined MW combined cycle cycle cogeneration cogeneration facility facility located in located in Thailand. Philippines. Ownership Interest(s) 49% by Morningstar 25% by EME Tri Gen B.V. Holdings B.V. 1% by San Pascual Cogeneration Company International B.V.
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