-----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, N85tQl1nYA/jt+30YQACOM4X3/mTtvlOKo6EzSl0FO27JWrx57zPyzSfRsVfVZKq 6UvlgQD6elYpCakGCu05/w== 0000827052-96-000011.txt : 19960606 0000827052-96-000011.hdr.sgml : 19960606 ACCESSION NUMBER: 0000827052-96-000011 CONFORMED SUBMISSION TYPE: U-3A-2 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960229 SROS: AMEX SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCECORP CENTRAL INDEX KEY: 0000827052 STANDARD INDUSTRIAL CLASSIFICATION: 4911 IRS NUMBER: 954137452 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: U-3A-2 SEC ACT: 1935 Act SEC FILE NUMBER: 069-00344 FILM NUMBER: 96528129 BUSINESS ADDRESS: STREET 1: 2244 WALNUT GROVE AVE STREET 2: P O BOX 800 CITY: ROSEMEAD STATE: CA ZIP: 91770 BUSINESS PHONE: 8183022222 U-3A-2 1 FORM U-3A-2 FOR ED INTEL File No. 69-344 SECURITIES AND EXCHANGE COMMISSION Washington, D. C. FORM U-3A-2 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 [formerly SCEcorp] (Name of Company) hereby files with the Securities Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, and submits the following information: 1. NAME, STATE OF ORGANIZATION, LOCATION AND NATURE OF BUSINESS OF CLAIMANT AND EVERY SUBSIDIARY THEREOF, OTHER THAN ANY EXEMPT WHOLESALE GENERATOR (EWG) OR FOREIGN UTILITY COMPANY IN WHICH CLAIMANT DIRECTLY OR INDIRECTLY HOLDS AN INTEREST. EDISON INTERNATIONAL (formerly SCEcorp) ("Claimant") is a corporation organized under the laws of the State of California and having its principal place of business at 2244 Walnut Grove Avenue (P. O. Box 999), Rosemead, California 91770. It was organized principally to acquire and hold securities of other corporations for investment purposes. Edison International has the following subsidiaries: 01 SOUTHERN CALIFORNIA EDISON COMPANY ("SCE") is a California corporation having its principal place of business at 2244 Walnut Grove Avenue (P. O. Box 800), Rosemead, California 91770. SCE is a public utility primarily engaged in the business of supplying electric energy to portions of Central and Southern California, excluding the City of Los Angeles and certain other cities. Its subsidiaries have the same principal place of business as Southern California Edison Company: 02 CALIFORNIA ELECTRIC POWER COMPANY is an inactive California corporation that remains from a 1964 merger with SCE. 02 CONSERVATION FINANCING CORPORATION is an inactive California corporation that was originally formed to carry out residential conservation financing programs. 02 ENERGY SERVICES, INC. is a California corporation engaged in the business of assisting SCE in optimizing the use of its resources for the benefit of its ratepayers by marketing SCE's capabilities, facilities, products, information, and copyrighted materials to third parties. Energy Services, Inc. does not engage in any activities that would constitute owning or operating facilities used for the generation, transmission, or distribution of electric energy for sale. 02 MONO POWER COMPANY is an inactive California corporation that has been engaged in the business of exploring for and developing fuel resources. 03 THE BEAR CREEK URANIUM COMPANY is an inactive California partnership between Mono Power Company (50%) and Union Pacific Resources (50%) that has been engaged in reclamation of an integrated uranium mining and milling complex in Wyoming. 02 SCE CAPITAL COMPANY is a Delaware corporation that acts as a funding vehicle for financing of fuels, balancing accounts and other corporate purposes of SCE. 02 SOUTHERN STATES REALTY is a California corporation engaged in providing real estate brokerage and consulting services to SCE and third parties. 01 THE MISSION GROUP is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92715, which was organized to own the stock and coordinate the activities of nonutility companies. The subsidiaries of The Mission Group are as follows: 02 EDISON EV is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770. It is engaged in the business of providing services related to electric vehicle charging equipment. 02 EDISON SOURCE is a California corporation having its principal place of business at 2244 Walnut Grove Avenue, Rosemead, California 91770. It is engaged in the business of providing services related to energy efficient systems for home and industry. 02 EDISON CAPITAL (formerly MISSION FIRST FINANCIAL) is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92715. 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 Edison Funding Company (formerly Mission Funding Company) 04 Edison Integrated Energy Services (formerly Mission Integrated Energy Services) 04 Mission Funding Gamma 04 Mission Funding Epsilon 05 Mission Funding Delta 06 Mission Funding Nu 07 EPZ Mission Funding Nu Trust (interest in foreign utility company) [see 4.19] 05 Mission Investments, Inc. (U.S. Virgin Islands corporation) Address: ABN Trustcompany, Guardian Building, Havensight, 2nd Floor St. Thomas, U.S. Virgin Islands 05 Mission Funding Alpha 06 Mission Funding Mu 07 EPZ Mission Funding Mu Trust (interest in foreign utility company) [see 4.18] 05 Mission (Bermuda) Investments, Ltd. (Bermuda corporation) Address: Clarendon House, 2 Church Street Hamilton HM CX, Bermuda 05 Mission (Bermuda) Investments Pi, Ltd. (Bermuda corporation) Address: Clarendon House, 2 Church Street Hamilton HM CX, Bermuda 05 GEM Energy Company (New York partnership) 04 Mission Funding Beta 04 Mission Funding Theta 04 Mission Funding Kappa 05 ABB Funding Partners, L.P. (partnership) 04 Edison Housing Investments (formerly Mission Housing Investments) 05 AE Associates L.P. (Avenida Espana) (partnership) 99% 05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99% 05 Bartlett Hill Associates L.P. (partnership) 70% 05 Centertown Associates Ltd. (partnership) 99% 05 Centro Partners L.P. (El Centro) (partnership) 99% 05 Coyote Springs Apartments Associates L.P. (partnership) 99% 05 Cypress Cove Associates (partnership) 99% 05 Delta Plaza Apartments (partnership) 99% 05 EAH Larkspur Creekside Associates L.P. (partnership) 99% 05 East Cotati Avenue Partners L.P. (partnership) 99% 05 Edmundson Associates L.P. (Willows) (partnership) 99% 05 Farm (The) Associates L.P. (partnership) 99% 05 Gardens (The) Townhomes L.P. (commitment) 99% 05 Gilroy Redwood Associates L.P. (Redwoods) (partnership) 99% 05 Ginzton Associates L.P. (partnership) 99% 05 Grossman Apartments Investors L.P. (partnership) 99% 05 Heather Glen Associates L.P. (partnership) 99% 05 Holy Family Associates L.P. (partnership) 99% 05 Kennedy Court Partners L.P. (commitment) 100% 05 Kennedy Lofts Associates L.P. (Massachusetts partnership) 97% 05 MH I Limited Partnership (partnership) 1% 06 California Park Apartments L.P. (partnership) 1% of 99% 05 MH II Limited Partnership (partnership) 1% 06 5363 Dent Avenue Associates L.P. (partnership) 1% of 99% 05 MH III Limited Partnership (partnership) 1% 06 DeRose Housing Associates L.P. (partnership) 1% of 99% 05 MH IV Limited Partnership (partnership) 1% 06 MPT Apartments L.P. (MacArthur Park) (partnership) 1% of 99% 05 MH V Limited Partnership (partnership) 1% 06 Centennial Place L.P. (partnership) 1% of 99% 05 Mar Associates L.P. (partnership) 99% 05 Merrill Road Associates L.P. (commitment) 99% 05 Metro Senior Associates L.P. (commitment) 99% 05 EHI Development Fund (formerly MHI Development Fund) 05 EHI Development Company (formerly MHI Development Company) 06 Santa Alicia Partnership (partnership) 1% of 99% 05 MHIFED 94 Company 05 MHIFED 94 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Berry Avenue Associates L.P. (partnership) 1% of 99% 06 Carlton Way Apartments L.P. (partnership) 1% of 99% 06 CDR Senior Housing Associates (Casa del Rio) (partnership) 1% of 99% 06 Corona Ely/Ranch Associates L.P. (partnership) 1% of 99% 06 Fairview Village Associates L.P. (partnership) 1% of 99% 06 Fell Street Housing Associates L.P. (partnership) 1% of 99% 06 Hope West Apartments L.P. (partnership) 1% of 99% 06 Morrone Gardens Associates L.P. (partnership) 1% of 99% 06 Pajaro Court Associates L.P. (partnership) 1% of 99% 06 Tierra Linda Associates L.P. (partnership) 1% of 99% 06 Tlaquepaque Housing Associates L.P. (partnership) 1% of 99% 05 MHICAL 94 Company 06 MHICAL 94 Limited Partnership (Delaware partnership) 99%LP 07 Mayacamas Village Associates L.P. (partnership) 99% of 99% 07 Rincon De Los Esteros Associates L.P. (partnership) 99% of 99% 07 West Capital Courtyard L.P. (partnership) 99% of 99% 07 Winfield Hill Associates L.P. (partnership) 99% of 99% 05 MHICAL 94 Limited Partnership (Delaware partnership) 1%GP 06 Mayacamas Village Associates L.P. (partnership) 1% of 99% 06 Rincon De Los Esteros Associates L.P. (partnership) 1% of 99% 06 West Capital Courtyard L.P. (partnership) 1% of 99% 06 Winfield Hill Associates L.P. (partnership) 1% of 99% 05 MHIFED 95 Company 06 MHIFED 95 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX 06 Avalon Courtyard L.P. (Carson Sr Housing) (ptnrshp) 1% of 95% 06 Hollywood El Centro L.P. (partnership) 1% of 99% 06 La Brea/Franklin L.P. (partnership) 1% of 99% 06 Larkin Pine L.P. (partnership) 1% of 99% 06 Mercy Housing California III L.P. (3rd & Reed) (partnership) 1% of 99% 06 Pinole Grove Associates L.P. (partnership) 1% of 99% 06 Second Street Center L.P. (Santa Monica) (ptnrshp) 1% of 99% 06 Solinas Village Partners L.P. (partnership) 1% of 99% 06 Three Oaks Housing L.P. (partnership) 1% of 99% 06 1101 Howard Street Associates L.P. (partnership) 1% of 99% 05 MHICAL 95 Company 06 MHICAL 95 Limited Partnership (Delaware partnership) 99%LP 07 Abby Associates L.P. (Windmere) (partnership) 99% of 99% 07 Antelope Associates L.P. (partnership) 99% of 99% 07 Baker Park Associates L.P. (partnership) 99% of 99% 07 Bracher Associates L.P. (partnership) 99% of 99% 07 Catalonia Associates L.P. (partnership) 99% of 99% 07 Colina Vista L.P. (partnership) 99% of 99% 07 Florin Woods Associates L.P. (partnership) 99% of 99% 07 Pinmore Associates L.P. (partnership) 99% of 99% 07 Sunset Creek Partners L.P. (partnership) 99% of 99% 05 MHICAL 95 Limited Partnership (Delaware partnership) 1%GP 06 Abby Associates L.P. (Windmere) (partnership) 1% of 99% 06 Antelope Associates L.P. (partnership) 1% of 99% 06 Baker Park Associates L.P. (partnership) 1% of 99% 06 Bracher Associates L.P. (partnership) 1% of 99% 06 Catalonia Associates L.P. (partnership) 1% of 99% 06 Colina Vista L.P. (partnership) 1% of 99% 06 Florin Woods Associates L.P. (partnership) 1% of 99% 06 Pinmore Associates L.P. (partnership) 1% of 99% 06 Sunset Creek Partners L.P. (partnership) 1% of 99% 05 Mission Housing Holdings (formerly MHIFED 95B Company) 06 Mission Housing Partnership 1996 Limited Partnership 99%LP (formerly MHIFED 95B Limited Partnership) (Delaware partnership) 07 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (partnership) 99% of 99% 05 Mission Housing Partnership 1996 Limited Partnership 1%GP (formerly MHIFED 95B L.P.) (Delaware partnership) 06 La Terraza Associates L.P. (Carlsbad Villas at Camino Real) (partnership) 1% of 99% 05 MHIFED 95C Company 06 MHIFED 95C Limited Partnership (Delaware partnership) 99%LP 07 Oceanside Gardens L.P. (commitment) 99% of 99% 07 Park Place Terrace L.P. (partnership) 99% of 99% 05 MHIFED 95C Limited Partnership (Delaware partnership) 1%GP 06 Oceanside Gardens L.P. (commitment) 1% of 99% 06 Park Place Terrace L.P. (partnership) 1% of 99% 05 MHIFED 96 Company 06 MHIFED 96 Limited Partnership (Delaware partnership) 95%LP 07 Lavell Village Associates L.P. (partnership) 95% of 99% 07 North Town Housing Partners L.P. (Villa del Norte Village) (partnership) 95% of 99% 07 Poco Way Associates L.P. (partnership) 95% of 99% 07 Seasons Affordable Senior Housing L.P. (ptnrshp) 95% of 99% 05 MHIFED 96 Limited Partnership (Delaware partnership) 5%GP 06 Lavell Village Associates L.P. (partnership) 5% of 99% 06 North Town Housing Partners L.P. (Villa del Norte Village) (partnership) 5% of 99% 06 Poco Way Associates L.P. (partnership) 5% of 99% 06 Seasons Affordable Senior Housing L.P. (ptnrshp) 5% of 99% 05 MHIFED 96A Company 06 MHIFED 96A Limited Partnership (Delaware partnership) 99%LP 07 Altamont Hotel Associates L.P. (partnership) 99% of 99% 07 Good Samaritan Associates L.P. (partnership) 99% of 99% 07 Mercy Housing California VI L.P. (205 Jones) (partnership) 99% of 99% 07 North Park Village LLC (commitment) 99% of 99% 07 Reseda Village L.P. (partnership) 99% of 99% 07 Oxnard Housing Associates L.P. (partnership) 99% of 99% 07 Mercy Housing California IV L.P. (Vista Grande) (commitment) 99% of 99% 05 MHIFED 96A Limited Partnership (Delaware partnership) 1%GP 06 Altamont Hotel Associates L.P. (partnership) 1% of 99% 06 Good Samaritan Associates L.P. (partnership) 1% of 99% 06 Mercy Housing California VI L.P. (205 Jones) (partnership) 1% of 99% 06 North Park Village LLC (commitment) 1% of 99% 06 Reseda Village L.P. (partnership) 1% of 99% 06 Oxnard Housing Associates L.P. (partnership) 1% of 99% 06 Mercy Housing California IV L.P. (Vista Grande) (commitment) 1% of 99% 05 MHICAL 96 Company 06 MHICAL 96 Limited Partnership (Delaware partnership) 99%LP 07 Huff Avenue Associates L.P. (commitment) 99% of 99% 07 Klamath Associates L.P. (commitment) 99% of 99% 05 MHICAL 96 Limited Partnership (Delaware partnership) 1%GP 06 Huff Avenue Associates L.P. (commitment) 1% of 99% 06 Klamath Associates L.P. (commitment) 1% of 99% 05 Mid-Peninsula Century Village Associates L.P. (Century Village) (commitment) 99% 05 Mid-Peninsula Sharmon Palms Associates L.P. (Sharmon Palms) (partnership) 99% 05 Mission Capp L.P. (partnership) 99% 05 Mission Housing Alpha 06 Lee Park Investors L.P. (Pennsylvania partnership) 99% 05 Mission Housing Beta 06 Richmond City Center Associates L.P. (partnership) 99% 05 Mission Housing Gamma 06 Del Carlo Court Associates L.P. (partnership) 99% 05 Mission Housing Delta 06 MH I (partnership) 99% 07 California Park Apartments L.P. (partnership) 99% of 99% 06 MH II (partnership) 99% 07 5363 Dent Avenue Associates L.P. (partnership) 99% of 99% 06 MH III (partnership) 99% 07 DeRose Housing Associates L.P. (partnership) 99% of 99% 06 MH IV (partnership) 99% 07 MPT Apartments L.P. (MacArthur Park) (ptnrshp) 99% of 99% 06 MH V (partnership) 99% 07 Centennial Place L.P. (partnership) 99% of 99% 05 Mission Housing Denver 06 Mercantile Square L.P. (partnership) 99% 05 Mission Housing Epsilon 06 Riverside/Liebrandt Partners L.P. (La Playa) (ptnrshp) 99% 05 Mission Housing Zeta 06 Fremont Building Limited Partnership (Crescent Arms) (partnership) 99% 05 Mission Housing Theta 06 Mission Housing Investors Partnership 5%GP; 95%LP to GECC 07 Forest Winds Associates L.P. (partnership) 5% of 99% 07 Glen Eden Associates L.P. (partnership) 5% of 99% 07 Gray's Meadows Investors L.P. (partnership) 5% of 99% 07 Prince Bozzuto L.P. (Fairground Commons) (Maryland partnership) 5% of 99% 07 Rancho Park Associates L.P. (partnership) 5% of 99% 07 Rustic Gardens Associates L.P. (partnership) 5% of 99% 07 Sea Ranch Apartments L.P. (partnership) 5% of 99% 07 Springdale Kresson Associates L.P. (Jewish Federation) (New Jersey partnership) 5% of 99% 07 1028 Howard Street Associates L.P. (partnership) 5% of 99% 05 Mission SA Company 06 Santa Alicia Partnership (partnership) 99% of 99% 05 Neary Lagoon Partners L.P. (partnership) 99% 05 Open Doors Associates L.P. (West Valley) (partnership) 99% 05 Palmer House L.P. (partnership) 99% 05 Pilot Grove L.P. (Massachusetts partnership) 99% 05 Post Office Plaza L.P. (Ohio partnership) 99% 05 Rosebloom Associates L.P. (Oakshade) (partnership) 99% 05 Round Walk Village Apartments L.P. (commitment) 99% 05 San Pablo Senior Housing Associates L.P. (partnership) 99% 05 San Pedro Gardens Associates L.P. (partnership) 99% 05 Santa Paulan Senior Apartments Associates L.P.(partnership) 99% 05 Sky Parkway Housing Associates L.P. (commitment) 99% 05 South Beach Housing Associates L.P. (Steamboat) (ptnrshp) 99% 05 Stoney Creek Associates L.P. (partnership) 99% 05 Studebaker Building L.P. (partnership) 99% 05 Sultana Acres Associates L.P. (partnership) 99% 05 Tabor Grand L.P. (Colorado partnership) 99% 05 The Josephinum Associates L.P. (Washington partnership) 99% 05 Tuscany Associates L.P. (Tuscany Villa) (partnership) 99% 05 Vista Properties LLC (commitment) 99% 05 Washington Creek Associates L.P. (partnership) 99% 05 Westgate Townhomes Associates L.P. (commitment) 99% 05 Westport Village Homes Associates L.P. (partnership) 99% 05 Wheeler Manor Associates L.P. (partnership) 99% 05 YWCA Villa Nueva Partners L.P. (partnership) 99% 05 16th & Church Street Associates L.P. (partnership) 99% 05 210 Washington Avenue Associates (Renaissance Plaza) (Connecticut partnership) 99% 04 Mission First Asset Investment 04 Mission Funding Zeta 05 Huntington L.P. (New York partnership) 50% 03 Renewable Energy Capital Company 03 Burlington Apartments, Inc. 04 Burlington Arboretum L.P. (partnership) 94.6% 03 Mission Bartlett Hill Company 04 Bartlett Hill Associates L.P. (partnership) 30% [29%LP, 1%GP] 03 Mission International Capital, Inc. 02 MISSION LAND COMPANY is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 800, Irvine, California 92715. It is engaged, directly and through its subsidiaries, in the business of developing, owning and managing industrial parks and other real property investments. The subsidiaries and partnerships of Mission Land Company are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California, and have the same principal place of business as Mission Land Company. 03 Associated Southern Investment Company 04 Calabasas Park Company (partnership) (inactive) 79%GP 05 Central Valley/Calabasas L.P. (partnership) [in dissolution] 50%LP 03 Calabasas Palatino, Inc. 04 Central Valley/Calabasas L.P. (partnership) [in dissolution] 50%GP 03 Carol Stream Developers G.P. (Illinois partnership) 60%GP 03 Centrelake Partners, L.P. (limited partnership) 98%GP 03 Corona Partners Limited Partnership (limited partnership) 99%LP 03 Irwindale Land Company 04 Mission-Koll I (limited partnership) 4%GP 03 Mission Airport Park Development Co. 04 Carol Stream Developers G.P. (Illinois partnership) 40%GP 04 Centrelake Partners, L.P. (limited partnership) 2%LP 04 Corona Partners Limited Partnership (limited partnership) 1%GP 04 Mission-Nexus II, L.P. (limited partnership) 50%GP 04 Mission Vacaville Limited Partnership (limited partnership) (formerly Mission-Messenger Vacaville G.P.) 1%GP 04 Ontario Airport Industrial Park (partnership) 51%GP 03 Mission-DAI I, L.P. (limited partnership) (inactive) (equity) 60%LP 03 Mission-Dominion Partners I, L.P. (partnership) (equity) 60%LP 03 Mission Industrial Constructors, Inc. (inactive) 03 Mission-Koll I (limited partnership) 96%LP 03 Mission-Nexus II, L.P. (limited partnership) 50%LP 03 Mission-Oceangate (partnership) (formerly Mission Comstock Crosser Hickey) 75%GP 03 Mission/Ontario, Inc. 03 Mission Shea I, L.P. (limited partnership) (equity) 50%LP 03 Mission South Bay Company (inactive) 04 Mission-Oceangate (partnership) (formerly Mission Comstock, Crosser Hickey G.P.) 25%GP 03 Mission Texas Property Holdings, Inc. 03 Mission Vacaville Limited Partnership (limited partnership) (formerly Mission-Messenger Vacaville G.P.) 99%LP 03 Mission-701 Minnesota (limited partnership) (equity) 55%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 92715. 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 (formerly MISSION ENERGY COMPANY) is a California corporation having its principal place of business at 18101 Von Karman Avenue, Suite 1700, Irvine, California 92715. Edison Mission Energy owns the stock of a group of corporations which, primarily through partnerships with non-affiliated entities, are engaged in the business of developing, owning and/or operating cogeneration, geothermal and other energy or energy-related projects pursuant to the Public Utility Regulatory Policies Act of 1978. Edison Mission Energy, through wholly owned subsidiaries, also has ownership interests in a number of independent power projects in operation or under development that either have been reviewed by the Commission's staff for compliance with the Act or are or will be exempt wholesale generators under the Energy Policy Act of 1992. In addition, some Edison Mission Energy subsidiaries have made fuel-related investments and a limited number of non-energy related investments. The subsidiaries and partnerships of Edison Mission Energy are listed below. Unless otherwise indicated, all entities are corporations, are organized under the laws of the State of California and have the same principal place of business as Edison Mission Energy. DOMESTIC: 03 Aguila Energy Company (LP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 49.5%; 50% with Pleasant Valley 05 American Kiln Partners, L.P. (Delaware limited partnership) 03 Anacapa Energy Company (GP) 04 Salinas River Cogeneration Company (partnership) 50% 03 Anacostia Energy Company (D.C. corporation) (inactive) 03 Arrowhead Energy Company 04 Crown Energy, L.P. (New Jersey partnership) [see 4.3] 50%LP; 100% w/ Mission/Eagle and Thorofare 05 Crown Vista Urban Renewal Corporation (New Jersey corporation) 50%; 100% with Vista Energy 03 Balboa Energy Company (GP) 04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Kingspark 03 Bergen Point Energy Company (GP) 04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50% 03 Blue Ridge Energy Company (GP) 04 Bretton Woods Cogeneration, L.P. (Delaware limited partnership) 50%; 100% w/Bretton Woods 03 BN Geothermal Inc. (Delaware corporation) 04 Vulcan/BN Geothermal Power Company (Nevada G.P.) 50% 03 Bretton Woods Energy Company (GP & LP) 04 Bretton Woods Cogeneration, L.P. (Delaware L.P.) 50%; 100% w/Blue Ridge 03 Camino Energy Company (GP) 04 Watson Cogeneration Company (general partnership) 49% 03 Capistrano Cogeneration Company (GP) 04 James River Cogeneration Company (North Carolina partnership) 50% 03 Capitol Energy Company (D.C. corporation) (inactive) 03 Centerport Energy Company (GP & LP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Ridgecrest 03 Chesapeake Bay Energy Company (formerly Woodland Energy Company) (GP) 04 Delaware Clean Energy Project (Delaware general partnership) 50% 03 Chester Energy Company (no partners; option Chesapeake, VA) 03 Clayville Energy Company 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Coronado 03 Colonial Energy Company (formerly Hentland Energy Company) (inactive) 03 Conejo Energy Company (GP & LP) 04 Del Ranch (Andy Hoch), L.P. (partnership) 50% 03 Coronado Energy Company 04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Clayville 03 Crescent Valley Energy Company (GP) 04 Beowawe Geothermal Power Company (general partnership) 50% 03 Del Mar Energy Company (GP) 04 Mid-Set Cogeneration Company (partnership) 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, Limited Partnership (Delaware limited partnership) 49%; 50% w/El Dorado 03 Eastern Sierra Energy Company (GP & LP) 04 Saguaro Power Company, A Limited Partnership (partnership) 50% 03 East Maine Energy Company (inactive) [dissolving] 03 Edison Mission Operation & Maintenance, Inc. (formerly Mission Operation and Maintenance, Incorporated) (no partnership) 04 Mission Operations de Mexico, S.A. de C.V. 95% 03 El Dorado Energy Company (GP) 04 Auburndale Power Partners, Limited Partnership (Delaware limited partnership) 1%; 50% w/ Devereaux 03 EMP, Inc. (Oregon corporation) (GP & LP) 04 GEO East Mesa Limited Partnership (partnership) 50% 05 GEO East Mesa Electric Co. (Nevada corp) (McCabe Plant) 100% 03 Four Counties Gas Company (inactive) 03 Hanover Energy Company 04 Chickahominy River Energy Corp. (Virginia corporation) (GP & LP) 05 Commonwealth Atlantic Limited Partnership (Delaware partnership) [see 4.1] 50% 03 Holtsville Energy Company (GP & LP) (formerly Brookhaven Energy Company) 04 Brookhaven Cogeneration, L.P. (Delaware ptnrshp) 50%;100% w/Madera 03 Indian Bay Energy Company (GP & LP) 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Santa Ana 03 Jefferson Energy Company (GP & LP) (inactive) 03 Kings Canyon Energy Company (inactive) 03 Kingspark Energy Company (GP & LP) 04 Smithtown Cogeneration, L.P. (Delaware ptnrshp) 50%;100% w/Balboa 03 Laguna Energy Company (inactive) (former interest in Ambit) 03 La Jolla Energy Company (inactive) (used for Belridge) 03 Lake Grove Energy Company (former Mid-County subsidiary) (inactive) 03 Lakeview Energy Company 04 Georgia Peaker, L.P. (Delaware L.P.) 50%; 100% w/Silver Springs 03 Lehigh River Energy Company (GP) 04 TEVCO/Mission Assets Partnership (Delaware G.P.) 50% 05 Continental Energy Associates, Limited Partnership (Massachusetts partnership) 22.5% 03 Longview Cogeneration Company (formerly Columbia River Cogeneration Company, formerly Cabrillo Energy Company) (held for Weyerhauser) 03 Madera Energy Company (GP) 04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100% w/Holtsville 03 Madison Energy Company (formerly Sunshine Generators, Inc.) (LP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.5] 49%; 50% w/Rapidan 03 Mission Capital (Delaware Limited Partnership) 3%; MIPS partnership 03 Mission/Eagle Energy Company 04 Crown Energy, L.P. (New Jersey partnership) [see 4.3] 2%GP; 100% w/ Arrowhead and Thorofare 05 Crown Vista Urban Renewal Corporation (New Jersey corporation) 50%; 100% with Vista Energy 03 Mission Energy Canada Corporation (British Columbia company) 04 B.C. Star Partners (British Columbia partnership) 50% 04 The Mission Interface Partnership (Province of Ontario general partnership) 50% 03 Mission Energy Construction Services, Inc. (formerly Glenwood Springs Property, Inc.) 03 Mission Energy Fuel Company 04 Mission Energy Oil and Gas Company 05 Four Star Oil & Gas Company (partnership) 47.32% (owns Lost Hills Cogeneration Facility) 04 Mission Energy Petroleum Company (Gas contracts w/ Tex. Gas Mktg) 04 Pocono Fuels Company (inactive) 04 Southern Sierra Gas Company 05 TM Star Fuel Company (general partnership) 50% 03 Mission Energy Holdings, Inc. 04 Mission Capital (Delaware Limited Partnership) 97%; MIPS ptnrshp 03 Mission Energy Holdings International, Inc. (formerly Patapsco Energy Company) [holds all the issued and outstanding stock of MEC International B.V.--see INTERNATIONAL section] 03 Mission Energy Indonesia (formerly Chula Energy Company) 03 Mission Energy Mexico (inactive) Formerly the branch office in Mexico (no partnership) 03 Mission Energy New York, Inc. (formerly Allegheny Energy Company) (GP & LP) 04 Brooklyn Navy Yard Cogeneration Partners, L.P. (Delaware partnership) 50% [see 4.21] 03 Mission Energy Wales Company (formerly San Jacinto Energy Company) 04 Mission Hydro L.P. (UK limited partnership) 30%LP 05 First Hydro Holdings Company 99% 06 First Hydro Finance plc 07 First Hydro Limited [see 4.20] 03 Mission Energy Westside, Inc. (formerly Sun Coast Energy Company) 03 Mission Operations de Mexico, S.A. de C.V. 5% 03 Mission Triple Cycle Systems Company (GP) 04 Triple Cycle Partnership (Texas General Partnership) 50% 03 Niguel Energy Company (GP & LP) 04 Elmore, Ltd. (partnership) 50% 03 North Jackson Energy Company (inactive) [held for Akso Salt Proj] 03 Northern Sierra Energy Company (GP) 04 Sobel Cogeneration Company (general partnership) 50% 03 Ortega Energy Company (Mid-County Cogen gas contracts) 03 Panther Timber Company (GP) 04 American Kiln Partners, L.P. (Delaware limited partnership) 2% 03 Paradise Energy Company 04 Vista Energy, L.P. (New Jersey limited partnership) [see 4.4] 50%LP; 100% with Vista Energy Company 05 Crown Vista Urban Renewal Corporation (New Jersey corporation) 50%; 100% w/Crown Energy 03 Pleasant Valley Energy Company (GP) 04 American Bituminous Power Partners, L.P. (Delaware limited partnership) 0.5%; 50% w/Aguila 05 American Kiln Partners, L.P. (Delaware Limited Partnership) 03 Prince George Energy Company (LP) 04 Hopewell Cogeneration Limited Partnership (Delaware L.P.) 24.75% 04 Hopewell Cogeneration Inc. (Delaware corporation) 25% 05 Hopewell Cogeneration Limited Partnership (Delaware L.P.) 1% 03 Quartz Peak Energy Company (LP) 04 Nevada Sun-Peak Limited Partnership (Nevada ptnrshp) [see 4.2] 50% 03 Rapidan Energy Company (GP) 04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.5] 1%;50% w/Madison 03 Reeves Bay Energy Company (GP & LP) 04 North Shore Energy L.P. (Delaware ptnrshp) 50%;100% w/Santa Clara 05 Northville Energy Corporation (New York corporation) 100% 03 Ridgecrest Energy Company (GP) 04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100% w/Centerport 03 Rio Escondido Energy Company 04 Energia Del Norte, S.A. de C.V. (limited liability company) 49% 03 Riverport Energy Company (GP & LP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/San Pedro 03 San Felipe Energy Company (GP & LP) 04 Leathers, L.P. (partnership) 50% 03 San Gabriel Energy Company (inactive) (McKenzie gas contracts) 03 San Joaquin Energy Company (GP) 04 Midway-Sunset Cogeneration Company, L.P. (partnership) 50% 03 San Juan Energy Company (GP) 04 March Point Cogeneration Company (partnership) 50% 03 San Pedro Energy Company (GP) 04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100% w/Riverport 03 Santa Ana Energy Company (GP) 04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100% w/Indian Bay 03 Santa Clara Energy Company (GP) 04 North Shore Energy, L.P. (Delaware ptnrshp) 50%; 100% w/Reeves Bay 05 Northville Energy Corporation (New York corporation) 100% 03 Silverado Energy Company (GP) 04 Coalinga Cogeneration Company (partnership) 50% 03 Silver Springs Energy Company 04 Georgia Peaker, L.P. (Delaware L.P.) 50%; 100% w/Lakeview 03 Sonoma Geothermal Company (GP & LP) 04 Geothermal Energy Partners Ltd. (partnership) (Aidlin) 5%LP 03 South Coast Energy Company (GP) 04 Harbor Cogeneration Company (partnership) 30% 03 Southern Sierra Energy Company (GP) 04 Kern River Cogeneration Company (general partnership) 50% 03 Thorofare Energy Company 04 Crown Energy, L.P. (New Jersey partnership) [see 4.3] 48%; 100% w/ Arrowhead and Mission/Eagle 05 Crown Vista Urban Renewal Corporation (New Jersey corporation) 50%; 100% w/ Vista Energy 03 Viejo Energy Company (GP) 04 Sargent Canyon Cogeneration Company (partnership) 50% 03 Vista Energy Company (New Jersey corporation) (GP & LP) 04 Vista Energy, L.P. (New Jersey limited partnership) [see 4.4] 50%GP; 100% w/ Paradise 05 Crown Vista Urban Renewal Corporation (New Jersey corporation) 50%; 100% w/Crown Energy 03 Western Sierra Energy Company (GP) 04 Sycamore Cogeneration Company (general partnership) 50% INTERNATIONAL: 04 MEC International B.V. (Netherlands corporation) (Holding Company) Address: Croeselaan 18, P. O. Box 2790, 3500 GT Utrecht, The Netherlands 05 Asia Power Development Company (Cayman Island) (Meizhou Wan, Ningbo and Nanhai Projects) 99%SH Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 0923 06 Mission China Holdings Company (Cayman Island) (Meizhou Wan Project) 99% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 0923 07 Fujian Electric (Hong Kong) LDC 20%SH Address: c/o Caledonian Bank & Trust Limited, Ground Floor, Caledonian House, Mary Street, P. O. Box 1043, George Town, Grand Cayman, Cayman Islands 06 Mission Ningbo Holdings Company (Cayman Island) (Ningbo Project) 100% Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 0923 05 Edison Mission Energy Holdings Pty Ltd (formerly Mission Energy Holdings Pty. Ltd.) (Australian corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Edison Mission Operation & Maintenance Kwinana Pty Ltd (formerly Mission Operations (Kwinana) Pty Ltd) (Australia) 100% Operator of Kwinana Project Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Edison Mission Operation & Maintenance Loy Yang Pty Ltd. (formerly Mission Energy Management Australia Pty. Ltd.) (Australian corporation) 100% Address: P. O. Box 1792, Traralgon, Victoria 3844, Australia 06 Mission Energy Development Australia Pty. Ltd. (Australian corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Energy Holdings Superannuation Fund Pty Ltd. (retirement fund required by Australia law) 100% 06 Mission Energy (Kwinana) Pty Ltd (Australia) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Kwinana Power Partnership (Australian G.P.) 1% Address: Level 23, St. Martins Tower 44 St George's Terrace, Perth WA 6000 05 Hydro Energy B.V. (Netherlands limited liability company) (formerly Continfin Management B.V.) (equity) 10%SH Address: Croeselaan 18, P. O. Box 2790, 3500 GT Utrecht, The Netherlands 06 Compania Mediterranea de Energias, S.A. (Spain corporation) (equity) [see 4.7] Address: Paseo de Gracia, 18, 4a, Barcelona, Spain 06 Energias Hidraulicas, S.A. (Spain corporation) (equity) Address: Princesa 3, Madrid, Spain 06 Iberica de Energias, S.A. (Spain corp) (equity) [see 4.15] Address: c/ Concha Espina, 8, 1o, Madrid, Spain 05 Iberian Hy-Power Amsterdam B.V. (Netherlands limited liability company) (equity) 34%SH Address: Strawinskylaan 1725, Amsterdam, NOORD-HOLL 1077 XX 06 Electra La Mella, S.A. (Spain corporation) (equity) [see 4.8] 70% [This entity was merged into Cadagua in December 1995] Address: Ercilla, 26-6o Centro, 48011 Bilbao, Spain 06 Electrometalurgica del Ebro, S.A. ("Emesa") (Spain corporation) (equity) [see 4.9] 92.3% Address: Paseo de Gracia, 18, 4a, Barcelona, Spain 07 Monasterio de Rueda, S.L. (inactive) 06 Hidroelectrica del Cadagua, S.A. (Spain corporation) (equity) [see 4.10] 75% Address: Ercilla, 26-6o Centro, 48011 Bilbao, Spain 06 Hidroelectrica de Casillas, S.A. (Spain corporation) (equity) [see 4.11] 51% Address: Av. Ramon & Cajal, 10-B, Sevilla, Spain 06 Hidroelectrica de Olvera, S.A. (Spain corporation) (equity) [see 4.12] 66% Address: Urbanizacion Las Canteras II, Camas, Sevilla, Spain 06 Hidroelectrica de Posadas, S.A. (Spain corporation) (equity) [see 4.13] 100% Address: Urbanizacion Las Canteras II, Camas, Sevilla, Spain 06 Hidroelectrica del Sossis, S.A. (Spain corporation) (equity) [see 4.14] 100% Address: Ercilla, 26-6o Centro, 48011 Bilbao, Spain 07 Saltos del Porma, S.A. 0.1% 06 Hidro Holdings 2 100% 06 Hydro Energy B.V. (Netherlands company) (equity) 90%SH 07 Compania Mediterranea de Energias, S.A. (Spain corporation) (equity) [see 4.7] 07 Energias Hidraulicas, S.A. (Spain corporation) (equity) 07 Iberica de Energias, S.A. (Spain corp) (equity) [see 4.15] 07 Saltos del Porma, S.A. 0.1% 06 Saltos del Porma, S.A. 98% 05 Latrobe Power Pty. Ltd. (Australian corporation) 50% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 52.31% (100% w/ Traralgon PPL 46.69% and MEVALP 1%) 07 Latrobe Power Partnership (Australian partnership) 99% 08 Loy Yang B Joint Venture (Australian joint venture) [see 4.6] 51%; 49% to outside partner 05 Loy Yang Holdings Pty. Ltd. (Australian corporation) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Edison Mission Energy Australia Ltd. (formerly Mission Energy Australia Ltd.) (Australian public company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Latrobe Power Partnership (Australian partnership) 1% 08 Loy Yang B Joint Venture (Australian J.V.) [see 4.6] 06 Latrobe Power Pty. Ltd. (Australian corporation) 50% 07 Mission Victoria Partnership (Australian partnership) 08 Latrobe Power Partnership (Australian partnership) 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.6] 06 Mission Energy Ventures Australia Pty. Ltd. (Australian company) 100% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian partnership) 1% 08 Latrobe Power Partnership (Australian partnership) 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.6] 06 Traralgon Power Pty. Ltd. (Australian corporation) 50% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 07 Mission Victoria Partnership (Australian ptnrshp) 46.69% 08 Latrobe Power Partnership (Australian partnership) 09 Loy Yang B Joint Venture (Australian J.V.) [see 4.6] 05 MEC Colombia B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 99%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Doga Enerji Uretim Sanayi ve Ticaret A.S. (Turkish corporation) 80% Address: Merkez Man, Birlik Caddesi 11/8, Esenyurt, Istanbul, Turkey 05 MEC IES B.V. (formerly MEC ESA B.V.) (Netherlands company) (ISAB Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy Services s.r.l. 49% (services co ISAB Project) 05 MEC India B.V. (Netherlands company) (Jojobera Project) 99%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Edison Mission Energy (Mauritius corporation) (formerly Mission Energy Jojobera) (Branch office in India) Address: Louis Leconte Street, Curepipe, Mauritius 05 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Adaro Indonesia 10% Address: Suite 704, World Trade Centre, Jl. Jend. Sudirman Kav. 31, Jakarta 12920 Indonesia 05 MEC Indonesia B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) 32.5%SH [see 4.22] Address: Mid Plaza II, 15th Floor, Jl. Jend. Sudirman Kav. 10-11, Jakarta 10220 Indonesia 05 MEC International Holdings B.V. (Netherlands corp) 100%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Asia Power Development Company (Cayman Island) (Meizhou Wan, Ningbo and Nanhai Projects) 1%SH 07 Mission China Holdings Company (Cayman Island) (Meizhou Wan Project) 08 Fujian Electric (Hong Kong) LDC 07 Mission Ningbo Holdings Company (Cayman Island) (inactive) 06 MEC Colombia B.V. (Netherlands company) 1% 06 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 1%SH 07 Doga Enerji Uretim Sanayi ve Ticaret A.S. (Turkish corporation) 06 MEC IES B.V. (Netherlands company) (ISAB Project) 1%SH 07 ISAB Energy Services s.r.l. 06 MEC India B.V. (Netherlands company) (Jojobera Project) 1%SH 07 Edison Mission Energy (Mauritius corporation) (formerly Mission Energy Jojobera) 06 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 1%SH 07 P. T. Adaro Indonesia 06 MEC Indonesia B.V. (Netherlands company) 1% 07 P. T. Paiton Energy Company (Indonesia company) (equity) (Paiton Project) [see 4.22] 06 MEC Laguna Power B.V. (Netherlands Co.) (Malaya Project) 1%SH 06 MEC Mission B.V. (Netherlands company) 1% 06 MEC Perth B.V. (Netherlands company) (Kwinana Project) 1%SH 07 Kwinana Power Partnership (Australian general partnership) 06 MEC Priolo B.V. (Netherlands company) (ISAB Project) 1%SH 07 ISAB Energy, S.r.l. (Italian J.V. Co.)(equity) [see 4.23] 06 MEC San Pascual B.V. (Netherlands company) 1%SH 07 San Pascual Cogeneration Company International B.V. 06 MEC Turkey B.V. (Netherlands company) 1% 06 MEC Wales B.V. (formerly MEC Global Services B.V.) (Netherlands Company) 1% 07 Mission Hydro Limited Partnership (UK limited partnership) 08 First Hydro Holdings Company 09 First Hydro Finance plc 10 First Hydro Limited [see 4.20] 06 Mission Energy Italia s.r.l. 1% (Office in Italy) 06 Mission China Holdings Company (Cayman Island) (Meizhou Wan Project) 1% 07 Fujian Electric (Hong Kong) LDC 06 P.T. Mission Operation and Maintenance Indonesia (Indonesian company) 1% 05 MEC Laguna Power B.V. (Netherlands Co.) (Malaya Project) 99%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Mission B.V. (Netherlands company) 99%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Perth B.V. (Netherlands company) (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 05 MEC Priolo B.V. (Netherlands company) (ISAB Project) 99%SH Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 ISAB Energy, S.r.l. (Italian JV Co) (equity) 49%SH [see 4.23] Address: Corso Gelone No. 103, Siracusa, Sicily, Italy 05 MEC San Pascual B.V. (Netherlands company) 99%SH Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands 06 San Pascual Cogeneration Company International B.V. 45% Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands 05 MEC Turkey B.V. (Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 05 MEC Wales B.V. (formerly MEC Global Services, B.V.)(Netherlands company) 99% Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands 06 Mission Hydro Limited Partnership 69%LP Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 07 First Hydro Holdings Company 99% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 08 First Hydro Finance plc Address: Lansdowne Hse,Berkeley Sq, London W1X5DH England 09 First Hydro Limited [see 4.20] Address: Bala House, St. David's House Ewloe, Clwyd, Wales CH5 3XJ 05 Mission Energy Asia Pte Ltd. (Singapore private company limited by shares) 100% (Branch Office in Singapore) Address: 391-B Orchard Road, Ngee Ann City, Tower B, 14th Floor, #14-08/10, Singapore 0923 06 P.T. Mission Operation and Maintenance Indonesia (Indonesian company) 99% Address: Jl Gen A Yani No 54,Probolinggo,East Java, Indonesia 05 Mission Energy Company (UK) Limited (United Kingdom private limited company) 100% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Derwent Cogeneration Limited (United Kingdom private limited liability company) (equity) [see 4.17] 33% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Edison Mission Energy Limited (formerly Mission Energy Limited) (United Kingdom private limited company) Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Mission Energy Services Limited (United Kingdom private limited company) Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Mission Hydro (UK) Limited Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 07 First Hydro Holdings Company 1% 08 First Hydro Finance plc 1% 09 First Hydro Limited [see 4.20] 07 Mission Hydro Limited Partnership 1%GP 08 First Hydro Holdings Company 99% 09 First Hydro Finance plc 10 First Hydro Limited [see 4.20] 06 Mission (No. 2) Limited (United Kingdom private limited company) (formerly Mowlem Power Ltd.) Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Pride Hold Limited (United Kingdom corporation) 99% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 07 Lakeland Power Limited (United Kingdom private company) [see 4.16] 80%SH Address: Roosecote Power Station, Barrow-In-Furness, Cumbria LA13 OPR England 07 Lakeland Power Development Company (U.K. Corp) 100% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 05 Mission Energy Italia s.r.l. 90% Representative Office in Italy Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy 05 Pride Hold Limited (United Kingdom corporation) 1% Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 06 Lakeland Power Limited (United Kingdom private limited liability company) [see 4.16] Address: Roosecote Power Station, Barrow-In-Furness, Cumbria LA13 OPR England 06 Lakeland Power Development Company (U.K. Corp.) Address: Lansdowne Hse, Berkeley Sq, London W1X5DH England 05 Traralgon Power Pty. Ltd. (Australian corporation) 50% Address: Southgate Complex, Level 20, Tower East, 40 City Road, South Melbourne, Victoria 3205 06 Mission Victoria Partnership (Australian partnership) 46.69% 07 Latrobe Power Partnership (Australian partnership) 08 Loy Yang B Joint Venture (Australian J.V.) [see 4.6] 2. A BRIEF DESCRIPTION OF THE PROPERTIES OF CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES USED FOR THE GENERATION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE, OR FOR THE PRODUCTION, TRANSMISSION, AND DISTRIBUTION OF NATURAL OR MANUFACTURED GAS, INDICATING THE LOCATION OF PRINCIPAL GENERATING PLANTS, TRANSMISSION LINES, PRODUCING FIELDS, GAS MANUFACTURING PLANTS, AND ELECTRIC AND GAS DISTRIBUTION FACILITIES, INCLUDING ALL SUCH PROPERTIES WHICH ARE OUTSIDE THE STATE IN WHICH CLAIMANT AND ITS SUBSIDIARIES ARE ORGANIZED AND ALL TRANSMISSION OR PIPELINES WHICH DELIVER OR RECEIVE ELECTRIC ENERGY OR GAS AT THE BORDERS OF SUCH STATE. Claimant is not a "public utility company" as that term is defined in the Public Utility Holding Company Act of 1935 (the "Act") and does not own any properties used for the generation, transmission and distribution of electric energy for sale, or for the production, transmission and distribution of natural or manufactured gas. None of Claimant's subsidiaries, other than SCE, is a public utility company. SCE is an "electric utility company" as defined in the Act and owns properties used for the generation, transmission and distribution of electric energy for sale, as described herein. SCE owns and operates 12 oil- and gas-fueled generating plants, one diesel-fueled generating plant, 38 hydroelectric plants and an undivided 75.05% interest in Units 2 and 3 of the San Onofre Nuclear Generating Station. These plants are located in Central and Southern California and the oil- and gas-fueled generating plants are supported by a fuel pipeline and storage system. SCE 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 6,591 circuit miles of 66kV, 115kV and 161kV lines, 3,261 circuit miles of 230kV lines and 500kV line circuit miles consisting of 1,038 miles in California, 125 miles in Nevada and 112 miles in Arizona, for a total 500kV miles of 1,275. SCE's distribution facilities consist of approximately 61,427 pole miles of overhead lines and 29,497 miles of underground lines, and 507 distribution substations, all of which are located in California. 3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES: (a) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE), AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL. Claimant: None. SCE: 71,481,575,000 kwh of electric energy sold at retail or wholesale. (b) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL OUTSIDE THE STATE IN WHICH EACH SUCH 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: 887,743,000 kwh of electric energy sold at wholesale outside California or at the state line. (d) NUMBER OF KWH OF ELECTRIC ENERGY AND MCF OF NATURAL OR MANUFACTURED GAS PURCHASED OUTSIDE THE STATE IN WHICH EACH SUCH COMPANY IS ORGANIZED OR AT THE STATE LINE. Claimant: None. SCE: 6,270,394,418 kwh of electric energy purchased outside California or at the state line. 4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS IN UNITED STATES DOLLARS: (a) NAME, LOCATION, BUSINESS ADDRESS AND DESCRIPTION OF THE FACILITIES USED BY THE EWG OR FOREIGN UTILITY COMPANY FOR THE GENERATION, TRANSMISSION AND DISTRIBUTION OF ELECTRIC ENERGY FOR SALE OR FOR THE DISTRIBUTION AT RETAIL OF NATURAL OR MANUFACTURED GAS. (b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST HELD. (c) TYPE AND AMOUNT OF CAPITAL INVESTED, DIRECTLY OR INDIRECTLY, BY THE HOLDING COMPANY CLAIMING EXEMPTION; ANY DIRECT OR INDIRECT GUARANTEE OF THE SECURITY OF THE EWG OR FOREIGN UTILITY COMPANY BY THE HOLDING COMPANY CLAIMING EXEMPTION; AND ANY DEBT OR OTHER FINANCIAL OBLIGATION FOR WHICH THERE IS RECOURSE, DIRECTLY OR INDIRECTLY, TO THE HOLDING COMPANY CLAIMING EXEMPTION OR ANOTHER SYSTEM COMPANY, OTHER THAN THE EWG OR FOREIGN UTILITY COMPANY. (d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY COMPANY DURING THE REPORTING PERIOD. (e) IDENTIFY ANY SERVICE, SALES OR CONSTRUCTION CONTRACT(S) BETWEEN THE EWG OR FOREIGN UTILITY COMPANY AND A SYSTEM COMPANY, AND DESCRIBE THE SERVICES TO BE RENDERED OR GOODS SOLD AND FEES OR REVENUES UNDER SUCH AGREEMENT(S). 4.1 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG] (a) Commonwealth Atlantic Limited Partnership ("CALP") 2837 South Military Highway, Chesapeake, VA 23323-0286 CALP is a 340 MW natural gas and distillate oil fired peaking power generation facility selling power to Virginia Power (the "Facility"). (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiary Hanover Energy Company owns Chickahominy River Energy Corp. which in turn owns a 1% general partner interest and a 49% limited partner interest in CALP. (c) Chickahominy River Energy Corp. made a capital contribution of $14,000,000 to CALP. Edison Mission Energy owns a 50% interest through its wholly owned subsidiary Hanover Energy Company, in CALP, which is the owner of the Facility. The Facility went into operation on June 4, 1992. (d) Capitalization or total equity = $14,000,000 Net income after taxes for 1995 = $483,393 (e) There are no contracts between CALP and any system company. 4.2 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG] (a) Nevada Sun-Peak Limited Partnership 200 South Virginia Street, Reno, Nevada 89501 Nevada Sun-Peak L.P. owns a three unit, natural gas and oil fired combustion turbine generation facility designed to produce a net output of approximately 210 MW. The combustion turbines (General Electric PG 7111-EA-CTGs) are capable of operating on either natural gas or No. 2 distillate fuel oil. The transmission facilities associated with the plant are owned by Nevada Power Company. The facility is located near Las Vegas, Nevada. Commercial operation began on June 8, 1991. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Quartz Peak Energy Company, which in turn owns Nevada Sun-Peak Limited Partnership, the exempt wholesale generator. (c) The capital contribution of $8,125,500 was made by Quartz Peak Energy Company. (d) Capitalization or total equity = $8,125,500 Net income after taxes = $1,138,648 (e) There are no contracts between Nevada Sun-Peak and any system company. 4.3 CROWN ENERGY, L.P. (canceled) [EWG] (a) Crown Energy, L.P. ("Crown") Paradise Road at Crown Point Road, Thorofare, New Jersey 08086 In August 1995, Jersey Central Power & Light Company entered into an agreement with Crown to buy back and cancel the power purchase agreement the two previously entered into. Crown Energy is no longer being developed. 4.4 VISTA ENERGY, L.P. (canceled) [EWG] (a) Vista Energy, L.P. ("Vista") Paradise Road at Crown Point Road Thorofare, New Jersey 08086 In August 1995, Jersey Central Power & Light Company entered into an agreement with Crown to buy back and cancel the power purchase agreement the two previously entered into. Vista Energy is no longer being developed. 4.5 GORDONSVILLE ENERGY, L.P. [EWG] (a) Gordonsville Energy, L.P. ("GELP") 115 Red Hill Road, Gordonsville, VA 22942 GELP is a gas fired cogeneration facility with the anticipated net capacity during the winter months of 290 megawatts and 220 megawatts during the summer months. The electricity generated by the facility will be sold to Virginia Electric & Power Company under two executed 30-year Power Purchase Agreements. The steam generated by the facility is sold to Rapidan Service Authority. This facility is located one mile southwest of Gordonsville, Virginia in Louisa County. GELP went into operation on June 1, 1994. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries Madison Energy Company ("Madison") and Rapidan Energy Company ("Rapidan") owns 49% (LP) and 1% (GP) respectively in GELP. (c) Madison made a capital contribution of $25,823,000 and Rapidan made a capital contribution of $527,000, providing a total amount of $26,350,000. As a condition to receiving the extension of credit necessary to develop GELP, Madison, Rapidan and Jefferson Energy Company ("Jefferson"), a wholly owned subsidiary of Mission Energy Company which sold its interest to Northern Hydro Limited, entered into separate Equity Subscription Agreements with GELP with the condition that Edison Mission Energy guaranty the obligations under such agreements by entering into an Equity Subscription Agreement Guaranty for each of Madison, Rapidan and Jefferson in an amount not to exceed an aggregate of $55,250,000. (d) Capitalization or total equity = $25,752,500 Net income after taxes = $986,253 (e) Edison Mission Operation & Maintenance, Inc. ("MOMI") operates this facility. MOMI received $802,407 in compensation as operator in 1995. 4.6 LOY YANG B JOINT VENTURE [FUCO] (a) Loy Yang B Joint Venture ("LYBJV") Bartons Lane, Loy Yang, Victoria, Australia 3844 LYBJV owns two coal-fired generating units with generator name plate ratings of 500,000 kW each, located in the Latrobe Valley in the State of Victoria, Australia. Unit 1 began commercial operation on September 30, 1993. Unit 2 is expected to be put into operation in late 1996. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; indirect, wholly owned subsidiaries of MEC International B.V. collectively own 51% of the interests in Loy Yang B Joint Venture, the foreign utility company, as explained below. The system-owned venturer is Latrobe Power Partnership ("LPP"), which owns the 51% interest. LPP is 1% owned by Edison Mission Energy Australia Ltd (the managing general partner) and 99% owned by Mission Victoria Partnership (a general partner). Edison Mission Energy Australia Ltd is wholly owned by 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 50% by MEC International B.V. and 50% 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. (c) LPP's capital contribution = US$285,003,038 Guarantees 1. EME Undertaking 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 Edison Mission Operation & Maintenance Loy Yang Pty Ltd ("EMOMILY") (the Operator under the Operation and Maintenance Agreement) and (ii) to provide up to US$3,381,000 in any year to EMOMILY in the event that EMOMILY incurs certain liabilities under the Operation and Maintenance Agreement. 2. Guarantee Related to Interest Rate Swap If the Bank Group does not extend the maturity of the Project facility, LPP will be in an overswapped position beginning in the year 2000. In order to cap LPP's exposure to interest rates as a result of overswapping, the State Electricity Commission of Victoria ("SECV") agreed to make payments to LPP when floating interest rates are below a given level. SECV required Edison Mission Energy to execute a document entitled "Delta Risk Charge--Covenant Guarantee and Indemnity" whereby Edison Mission Energy guaranteed payment to the SECV of amounts equal to the amounts payable by SECV to LPP under the compensation mechanism described above. Edison Mission Energy has an exposure under this guarantee only if short term interest rates in Australia are below 6.4%. In the event that rates are below 6.4%, the maximum amount of Edison Mission Energy's exposure under this guarantee would be approximately US$3,381,000. 3. Equity Support Guarantee In the document between Edison Mission Energy and the Bank Group entitled "Equity Support Guarantee," Edison Mission Energy is obligated to provide equity during or at the end of the construction period to meet shortfalls or financial ratios in the event the amount contributed under the equity subscription deed is insufficient to meet such shortfalls or ratios. This document contains the following four separate obligations: (1) The obligation to provide the greater of 25% of the maximum aggregate loan commitments under the Project Facilities Agreement upon completion of construction of Unit 2 of the Loy Yang B Project or an amount that provides a loan life cover ratio of 1.4. At financial close this obligation was estimated as US$220,100,000. In December 1994 (prior to completion of construction) the equivalent amount was subscribed by the LPP partners, effectively reducing Edison Mission Energy's contingent obligations. (2) The obligation to provide up to US$33,381,000 if there is a revenue shortfall due to a failure of Unit 1 to perform as expected prior to Unit 2 coming on line. (3) The obligation to provide equity sufficient for funding of debt service reserve up to US$35,162,400 upon completion of Unit 2. (4) The obligation to provide an amount equal to the difference between forecast project revenues and project revenues based on an adjusted tariff, in the situation where the tariff adjustment results from a decrease in construction cost due to construction drawdowns occurring slower than scheduled. (d) LPP's Net Income after taxes = US$16,752,000 LPP's Equity = US$285,003,038 (e) An indirect, wholly owned subsidiary of MEC International B.V., Edison Mission Operation & Maintenance, Inc., operates the generating plant pursuant to an operating and maintenance contract. The intermediate holding company of Edison Mission Operation & Maintenance Loy Yang Pty Ltd. is Edison Mission Energy Holdings Pty Ltd. As operator, Edison Mission Operation & Maintenance Loy Yang Pty Ltd. performs the following services: management and supervision of the construction commissioning, testing, operation and maintenance of the Loy Yang B power station on behalf of the joint venture participants. In 1995, Edison Mission Operation & Maintenance Loy Yang Pty Ltd was paid as follows: Management Fee -- US$1,342,571; Operator Incentive -- US$807,263 4.7 COMPANIA MEDITERRANEA DE ENERGIAS, S.A. [FUCO] (a) Compania Mediterranea de Energias, S.A. ("Mediterranea") Paseo de Gracia, 18, 4a, Barcelona, Spain Mediterranea's facilities consist of the following five mini-hydroelectric facilities which are capable of producing a total of 22.25MW: 1. Mendavia: 5.60MW facility in Mendavia, Navarra 2. La Ribera: 4.40MW facility in Pradejon, La Rioja 3. Gelsa: 7.20MW facility in Gelsa, Zaragoza 4. Alos: 4.80MW facility in Alos de Balaguer, Lerida 5. Castellas: 2.25MW facility in Valls de Aguilar, Lerida (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V. ("MECI"), which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 90% of Hydro Energy B.V., which in turns owns 100% of Mediterranea. MECI also owns directly 10% of Hydro Energy B.V. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V., and then through Hydro Energy B.V. was $2,039,762. In August, 1993, MECI, through MECI's 34% ownership interest and its direct ownership interest in Hydro Energy B.V., acquired an aggregate 40.6% interest in Energias Hidraulicas, S.A. ("EH") from Energies, S.A., the hydroelectric development subsidiary of Compagne Generale des Eaux ("CGE"). Subsequently, EH sold Iberica and Mediterranea to Hydro Energy B.V. CGE is a French water utility company. EH is a Spanish holding company which will develop water right concessions, but has no operating facilities. In connection with the acquisition of EH, CGE provided to Iberica and Mediterranea a 10-year limited revenue guaranty, which allowed Iberica and Mediterranea to secure non-recourse project financing. Consideration to CGE for the acquisition of Iberica and Mediterranea included the assumption by Hydro Energy B.V. of an existing loan with deferred payments to CGE beginning in 1999 and ending in 2003. Mission Energy Company has provided a guaranty for any such deferred payments which are outstanding as of September 30, 2003 (six months after the due date for all such deferred payments). The guaranty by Mission Energy Company provides for no rights of acceleration by CGE under any circumstances. At December 31, 1995, the present value of the deferred payments will amount to $19.2 million ($46.6 million face value discounted at 11.5%). (d) Capitalization or total equity = 0 Net Income after taxes for 1995 = $437,477 (e) There are no contracts between Mediterranea and any system company. 4.8 ELECTRA LA MELLA, S.A. [FUCO] This entity was merged into Hidroelectrica del Cadagua, S.A., in December 1995. 4.9 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO] (a) Electrometalurgica del Ebro, S.A. ("EMESA") Paseo de Gracia, 18, 4a, Barcelona, Spain EMESA's facilities consist of three mini-hydroelectric facilities (Sastago I, Sastago II and Menza) all located near the Ebro River in Zaragoza. The three mini-facilities are masonry weir, concrete intake structures capable of producing 3 MW, 17.3 MW and 16.5 MW, respectively. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 92.3% of EMESA. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $3,140,000. (d) Capitalization or total equity = 0 Net Loss after taxes for 1995 = ($3,928,000) (estimated) (e) There are no contracts between EMESA and any system company. 4.10 HIDROELECTRICA DEL CADAGUA, S.A. [FUCO] (a) Hidroelectrica del Cadagua, S.A. ("Cadagua") Nava de Mena, Termino Municipal de Villasana de Mena, Burgos Central offices: Ercilla, 26-6o Centro, 48011 Bilbao, Spain Cadagua's facilities consist of three mini-hydroelectric, masonry weir facilities, all located near the Cadagua River in Bilbao. The three mini-facilities, Maltrana, La Nava and Ahedillo, are capable of producing 340 KW, 320 KW and 600 KW, respectively. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 75% of Cadagua. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $1,998,265. (d) Capitalization or total equity = $285,466 (estimated) Net Loss after taxes for 1995 = ($42,800) (estimated) (e) There are no contracts between Cadagua and any system company. 4.11 HIDROELECTRICA DE CASILLAS, S.A. (not operational) [FUCO] (a) Hidroelectrica de Casillas, S.A. ("Casillas") Av. Ramon y Cajal, 10-B, Sevilla, Spain (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $356,833. Casillas will not become operational until late 1997. 4.12 HIDROELECTRICA DE OLVERA, S.A. [FUCO] (a) Hidroelectrica de Olvera, S.A. ("Olvera") Urbanizacion Las Canteras II, Camas, Sevilla, Spain Olvera's facilities consist of a 2.2 MW mini-hydroelectric, concrete dam facility located near the Guadalimar River, east of Linares (Jaen). (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 66% of Olvera. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $142,733. (d) Capitalization or total equity = $0 (estimated) Net Loss after taxes for 1995 = ($691,543) (estimated) (e) There are no contracts between Olvera and any system company. 4.13 HIDROELECTRICA DE POSADAS, S.A. (not operational) [FUCO] (a) Hidroelectrica de Posadas, S.A. ("Posadas") Urbanizacion Las Canteras II, Camas, Sevilla, Spain (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $178,417. Posadas is not expected to become operational until late 1997. 4.14 HIDROELECTRICA DEL SOSSIS, S.A. [FUCO] (a) Hidroelectrica del Sossis, S.A. ("Sossis") Ercilla, 26-6o Centro, 48011 Bilbao, Spain Sossis' facilities consist of a 3.75 MW concrete weir, mini-hydroelectric facility located in Noguera Pallovesa, north of Lerida, Catalonia. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 100% of Sossis. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $892,083. (d) Capitalization or total equity = $0 (estimated) Net Income after taxes for 1995 = $270,480 (estimated) (e) There are no contracts between Sossis and any system company. 4.15 IBERICA DE ENERGIAS, S.A. [FUCO] (a) Iberica de Energias, S.A. ("Iberica") c/ Concha Espina, 8, 1o, Madrid, Spain Iberica's facilities consist of the following eight mini-hydroelectric facilities which are capable of producing a total of 18.57 MW: 1. Quintana: 1.48MW facility in Herrera de Valdecana, Palencia 2. La Flecha: 2.66MW facility in Arroyo Encomienda, Valladolid 3. Toro: 4.50MW facility in Toro, Zamora 4. Tudela: 1.48MW facility in Tudela de Duero, Valladolid 5. Sardon Bajo: 1.60MW facility in Villabanez, Valladolid 6. Bocos: 1.60MW facility in Bocos de Duero, Valladolid 7. Monasterio: 1.60MW facility in Quintanilla de Arriba, Valladolid 8. Logrono: 3.68MW facility in Logrono, La Rioja (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which owns 34% of Iberian Hy-Power Amsterdam B.V., which owns 90% of Hydro Energy B.V., which in turns owns 100% of Iberica. MECI also owns directly 10% of Hydro Energy B.V. (c) The capital contribution made by MECI through Iberian Hy-Power Amsterdam B.V. was $3,069,053. In August, 1993, MECI, through MECI's 34% ownership interest and its direct ownership interest in Hydro Energy B.V., acquired an aggregate 40.6% interest in Energias Hidraulicas, S.A. ("EH") from Energies, S.A., the hydroelectric development subsidiary of Compagne Generale des Eaux ("CGE"). Subsequently, EH sold Iberica and Mediterranea to Hydro Energy B.V. CGE is a French water utility company. EH is a Spanish holding company which will develop water right concessions, but has no operating facilities. In connection with the acquisition of EH, CGE provided to Iberica and Mediterranea a 10-year limited revenue guaranty, which allowed Iberica and Mediterranea to secure non-recourse project financing. Consideration to CGE for the acquisition of Iberica and Mediterranea included the assumption by Hydro Energy B.V. of an existing loan with deferred payments to CGE beginning in 1999 and ending in 2003. Edison Mission Energy has provided a guaranty for any such deferred payments which are outstanding as of September 30, 2003 (six months after the due date for all such deferred payments). The guaranty by Edison Mission Energy provides for no rights of acceleration by CGE under any circumstances. At December 31, 1995, the present value of the deferred payments will amount to $19.2 million ($46.6 million face value discounted at 11.5%). (d) Capitalization or total equity = $0 (estimated) Net Income after taxes for 1995 = $1,166,888 (estimated) (e) There are no contracts between Iberica and any system company. 4.16 LAKELAND POWER LIMITED [FUCO] (a) Lakeland Power Limited Roosecote Power Station, Barrow-in-Furness Cumbria, England LA13 OPR Lakeland's facilities consist of a 220 MW gas fired combined cycle electricity generation plant. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V., owns 2 shares (1%) of Pride Hold Limited and 100 shares (100%) of Mission Energy Company (UK) Limited; Mission Energy Company (UK) Limited owns 99% of Pride Hold Limited and MECI owns 1%. Pride Hold Limited owns 80% of Lakeland Power Limited. Pride Hold Limited owns 100% of Lakeland Power Development Company. (c) The capital contribution made by MECI through Pride Hold Limited was $19,742,455. (d) Capitalization or total equity = $0. Net income after taxes for 1995 = US$4,979,057. (e) There are no contracts between Lakeland and any system company. 4.17 DERWENT COGENERATION LIMITED [FUCO] (a) Derwent Cogeneration Limited ("Derwent") Lansdowne House, Berkeley Square, London W1X5DH England The 214 MW plant at Spondon, Derbyshire, England, went into operation in 1995. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V.; MEC International B.V. owns 100% of Mission Energy Company (UK) Limited which owns 33% of Derwent Cogeneration Limited. (c) Total capital contribution = US$12,485,130 (approx.) (d) Capitalization or total equity = US$12,485,130 (approx.) Net Loss after taxes for 1995 = (US$2,609,254) (approx.) (e) Mission Energy Services Limited ("MESL") provided construction management services to Derwent Cogeneration Limited throughout the construction phase of the project and is now the operator of the facility. MESL is to receive a fixed fee of US$381,470 per year for operation and maintenance services as well as reimbursement from Derwent for expenditures incurred for operation and maintenance services; however, in 1995, MESL only received US$255,584 for nine months of service. MESL received a one-time fee of US$65,535 in 1995. 4.18 EPZ MISSION FUNDING MU TRUST [FUCO] (a) EPZ Mission Funding MU Trust ("EPZMFMT") c/o Wilmington Trust Company, Rodney Square North, 1100 North Market Square, Wilmington, Delaware 19890-0004 EPZMFMT owns a 7.88% interest in the Amercentrale Power Station Unit 9, which is leased to N.V. Elektriciteits- Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands Public Utility. The Amercentrale Power Station Unit 9 is a 600 megawatt (net) coal-fired cogeneration facility, with natural gas back-up capability, located on 50 hectares (approximately 125 acres) at the Brabandt site in Geertruidenberg, approximately 50 kilometers southeast of Rotterdam, The Netherlands. EPZMFMT has also acquired an undivided interest in or the right to use certain transmission facilities leading from the Amercentrale Power Station to the 150 kV grid owned by Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the distribution company that receives the power from Unit 9. EPZMFMT also owns an interest in or rights to use transformers and associated equipment of EPZ designed to step up the power from the 21 kV level at the generator to the 150 kV level required to enter the PNEM system. EPZMFMT has also acquired rights to use certain other common facilities necessary to permit operation of Unit 9. (b) Edison International owns 100% of The Mission Group; The Mission Group owns 100% of Edison Capital, which owns 100% of Edison Funding Company, which owns 100% of Mission Funding Epsilon, which owns 100% of Mission Funding Alpha, which owns 100% of Mission Funding Mu. EPZMFMT is a business trust created under the laws of the State of Delaware. Mission Funding Mu is the 100% beneficial owner of the beneficial interest in EPZMFMT. Wilmington Trust Company is the trustee of the Trust. (c) Mission Funding Mu made a $13,000,000 equity investment in the sale/leaseback, and funds were borrowed on a non-recourse basis in the amount of $87,000,000, in order to acquire the interest in the asset with a total cost of $100,000,000. Mission Funding Mu also incurred out-of-pocket costs and fees of approximately $1,750,000. The Mission Funding Mu investment and the related obligations have been guaranteed by its parent, Mission Funding Alpha. (d) Capitalization or total equity = $13,000,000 Net income after taxes = $1,458,123 (e) There are no contracts between EPZ and any system company. 4.19 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. 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 = $3,474,930 (e) There are no contracts between EPZ and any system company. 4.20 FIRST HYDRO LIMITED [FUCO] (a) First Hydro Limited ("First Hydro") Bala House, St. David's House, Ewloe, Clwyd, Wales CH5 3XJ The principal assets of First Hydro are two pumped storage stations located in North Wales at Dinorwig and Ffestiniog which have a combined registered capacity of 2,088MW. These facilities were built to provide additional generation for meeting peak demand throughout the day and to provide rapid generation response to sudden changes in electricity demands. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its subsidiaries (i) wholly owned Mission Energy Wales Company, owns 30%LP of Mission Hydro Limited Partnership, which in turn owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 100% of First Hydro Limited; (ii) wholly owned Mission Energy Holdings International, Inc. owns 100% of MEC International B.V., which owns 100% of Mission Energy Company (UK) Limited, which owns 100% of Mission Hydro (UK) Limited, which in turn directly owns 1% of First Hydro Holdings Company and indirectly owns the remaining 99% of First Hydro Holdings Company through its 1%GP interest in Mission Hydro Limited Partnership, First Hydro Holdings Company owns 100% of First Hydro Finance plc, which in turn owns 100% of First Hydro Limited; and (iii) the wholly owned subsidiary Mission Energy Holdings International, Inc. owns 100% of MEC International B.V. which directly owns 99% of MEC Wales B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Wales B.V., MEC Wales B.V. owns 69%LP of Mission Hydro Limited Partnership which owns 99% of First Hydro Holdings Company, which owns 100% of First Hydro Finance plc, which owns 100% of First Hydro Limited. (c) First Hydro Finance plc ("First Hydro Finance"), indirect subsidiary of Edison Mission Energy, purchased all of the outstanding shares of First Hydro Limited for $1.0 billion plus $45.7 million as consideration for the working capital of First Hydro at the date of acquisition. This acquisition was funded through a combination of (i) a $621.4 million credit facility with Barclays Bank Plc, (ii) a $350 million capital contribution from Edison International, and (iii) the remaining $104.9 came from Edison Mission Energy's working capital. First Hydro Finance obtained the financing for First Hydro Holdings Company, a wholly owned indirect subsidiary of Edison Mission Energy. To support the financing for First Hydro Finance, Edison Mission Energy issued two letters of credit from its $400 million corporate revolving credit. (i) Revenue Support Letter of Credit - This 12 million sterling pound Letter of Credit was issued in favor of First Hydro Finance and assigned to Prudential Trustee Company Limited as security trustee. The Revenue Support Letter of Credit must be provided during the initial five years of financing and be issued from the bank in short-term ratings of at least A-1/P-1. The Revenue Support Letter of Credit may be used to make up any shortfalls in interest payments owing and may also be used toward curing any default arising from interest coverage ratios dropping below 1.05 to 1.0 for applicable reference periods. (ii) Debt Service Reserve Letter of Credit - This 16 million sterling pound Letter of Credit was issued in favor of First Hydro Finance and issued to Prudential Trustee Company Limited as security trustee. The Debt Service Reserve Letter of Credit meets the requirement that the debt service reserve account contain at least 6 months of interest under the bank credit facility agreement with Barclays Bank Plc. (d) Net income for 1995 = $11,472,141 (e) There are no contracts between First Hydro and any system company. 4.21 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG] (a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY") 366 Madison Avenue, Suite 1003, New York, NY 10017 BNY's facilities will consist of a 286MW combined cycle cogeneration facility utilizing two Siemens V84.2 dual fuel combustion turbines and one or two automatic extraction steam turbines to be located within the existing Building 41 at Brooklyn Navy Yard Industrial Park in Brooklyn, NY. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which through its wholly owned subsidiary Mission Energy New York, Inc., owns 50% of Brooklyn Navy Yard Cogeneration Partners, L.P. (c) Capital contribution made by Edison Mission Energy through its subsidiary Mission Energy New York, Inc., was in the amount of $33,158,043. BNY obtained certain tax exempt bonds to finance the BNY project ("Financing"). In connection with the Financing, BNY entered into two reimbursement agreements with Bank of America NT&SA and certain other lenders for two letters of credit issued by BofA (i) to secure payment of the bonds issued in the amount of $253,945,700 plus interest and (ii) to secure BNY's indemnity to the New York City Industrial Development Agency in connection with the actions taken by or on behalf of the NYCIDA with respect to the BNY facility and the Financing in the amount of $40,000,000 ("Reimbursement Agreements"). As a condition of the issuance of the letters of credit, Edison Mission Energy guaranteed the obligations of BNY pursuant to the Reimbursement Agreements. (d) Capitalization or total equity = $33,158,043 Net income after taxes for 1995 = $4,586,233 (e) Other than with respect to the Edison Mission Energy guarantee as listed in Item (c) above, there are no contracts between BNY and any system company. 4.22 P. T. PAITON ENERGY COMPANY [FUCO] (a) P. T. Paiton Energy Company ("Paiton") Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11 Jakarta 10220 Indonesia Paiton's facilities consist of two coal-fired electric generating units (under development) in Paiton, Indonesia, on the northeast Java coast. Each unit has a nominal net design capacity of 605MW and will be comprised of a boiler and steam turbine generator with ancillary facilities. The two units will share a control room. (b) Edison International's wholly owned subsidiary The Mission Group owns 100% of Edison Mission Energy, which owns 100% of Mission Energy Holdings International, Inc., which owns 100% of MEC International B.V., which directly owns 99% of MEC Indonesia B.V. and through its wholly owned subsidiary MEC International Holdings B.V. indirectly owns the remaining 1% of MEC Indonesia B.V.; MEC Indonesia B.V. owns 32.5% of P. T. Paiton Energy Company. (c) Capital contribution made by Edison Mission Energy through MEC Indonesia B.V. to Paiton was in the amount of $38,335,385.43. Edison International, Edison Mission Energy, MEC Indonesia B.V., MEC International B.V., and MEC International Holdings B.V. have entered into an Equity Support Agreement wherein each jointly and severally guarantees payment of 38.24% of Paiton's obligation. The initial value of said obligation was $374,275,000; current value as of December 31, 1995, is $335,939,615. (d) Capitalization or total equity = $38,335,385.43 Paiton is in development stages; anticipated date of operation is late 1999. (e) (1) Mission Energy Asia Pte. Ltd., the wholly owned Singapore corporation of MEC International B.V., has entered into an Operation and Maintenance Agreement with P. T. Paiton Energy Company to provide operation and maintenance services. This Operation and Maintenance Agreement will be assigned to P.T. Mission Operation & Maintenance Indonesia, another indirect subsidiary of Edison Mission Energy. (2) Mission Energy Construction Services, Inc. ("MECSI"), a wholly owned subsidiary of Edison Mission Energy, entered into a Secondment Agreement with Paiton on April 20, 1995 ("Agreement"). MECSI is to recruit and second appropriate personnel to Paiton in connection with the construction of the Paiton facility. MECSI will receive compensation in the amount of US$25,000 from Paiton for the provision of seconded personnel. MECSI executed a letter of confirmation relating to the Agreement on April 21, 1995, which states that in the event the salaries, benefits, wages, taxes and expenses ("Costs") of the seconded personnel equal an amount less than $6.975 million at the beginning of the 59th month following the commencement of construction under the construction contract, Paiton is to immediately pay the difference to MECSI or its designee in US dollars. In the event the Costs exceed $6.975 million, then MECSI shall pay to Paiton the amount of such overage. (3) MECSI and Paiton entered into an Owner Representative Agreement on March 31, 1995, wherein MECSI is authorized to represent Paiton with regard to overseas suppliers and procurement on the construction of the facility and interface with the contractor and Perussahan Umum Listrik Negara, the Indonesian state-owned utility, on technical, budgeting, and scheduling matters. Under this agreement, MECSI is to receive compensation in the amount of US$8 million payable in arrears in accordance with a schedule attached to the Owner Representative Agreement. The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February, 1996. EDISON INTERNATIONAL By Kenneth S. Stewart ----------------------------- Kenneth S. Stewart Assistant General Counsel Corporate Seal Attest: Dorothy J. Fulco - - ---------------------------- Dorothy J. Fulco 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) Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- OIL & GAS: - - ---------- Alamitos Los Angeles 1 Sep. 11, 1956 163,200 2 Feb. 19, 1957 163,200 3 Dec. 4, 1961 333,000 4 Jun. 1, 1962 333,000 5 Mar. 5, 1966 495,000 6 Sep. 6, 1966 495,000 7CT Jul. 1, 1969 138,125 ----------- TOTAL PLANT 2,120,525 Cool Water San Bernardino 1 Jun. 15, 1961 65,280 2 May 1, 1964 81,600 3CC May 31, 1978 290,000 4CC Aug. 31, 1978 290,000 ---------- TOTAL PLANT 726,880 Ellwood Santa Barbara 1CT Aug. 1, 1974 56,700 El Segundo Los Angeles 1 May 25, 1955 156,250 2 Aug. 27, 1956 156,250 3 Aug. 1, 1964 342,000 4 Apr. 1, 1965 342,000 ---------- TOTAL PLANT 996,500 Etiwanda San Bernardino 1 Jul. 9, 1953 122,500 2 Nov. 23, 1953 122,500 3 May 1, 1963 333,000 4 Oct. 18, 1963 333,000 5CT Jan. 1, 1969 138,125 ---------- TOTAL PLANT 1,049,125 Highgrove San Bernardino 1 Aug. 1, 1952 34,500 2 Jul. 1, 1952 34,500 3 Nov. 20, 1953 50,000 4 Oct. 23, 1955 50,000 ---------- TOTAL PLANT 169,000 Huntington Beach Orange 1 Jun. 30, 1958 217,600 2 Dec. 5, 1958 217,600 3 May 22, 1961 217,600 4 Jul. 9, 1961 217,600 5CT Apr. 1, 1969 138,125 ---------- TOTAL PLANT 1,008,525
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- OIL & GAS: (continued) - - ---------------------- Long Beach Los Angeles 8CC Dec. 31, 1976 334,500 9CC Apr. 30, 1977 252,000 ---------- TOTAL PLANT 586,500 Mandalay Ventura 1 May 15, 1959 217,600 2 Aug. 27, 1959 217,600 3CT Apr. 1, 1970 138,125 ---------- TOTAL PLANT 573,325 Ormond Beach Ventura 1 Dec. 14, 1971 806,400 2 Jun. 1, 1973 806,400 ---------- TOTAL PLANT 1,612,800 Redondo Los Angeles 1 Mar. 1, 1948 66,000 2 Apr. 17, 1948 69,000 3 Aug. 31, 1949 66,000 4 Oct. 10, 1949 69,000 5 Oct. 11, 1954 156,250 6 Jul. 15, 1957 163,200 7 Feb. 1, 1967 495,000 8 Jul. 1, 1967 495,000 ---------- TOTAL PLANT 1,579,450 San Bernardino San Bernardino 1 Jun. 15, 1957 65,280 2 Jul. 1, 1958 65,280 ---------- TOTAL PLANT 130,560 ========== TOTAL OIL & GAS: 10,609,890 ---------------- COAL: ---- Four Corners San Juan, NM 4 Jul. 1, 1969 818,100 Owned by Others - 52% (425,412) ---------- Owned by SCE - 48% 392,688 5 Jul. 1, 1970 818,100 Owned by Others - 52% (425,412) ---------- Owned by SCE - 48% 392,688 ========== TOTAL SCE 785,376 Mohave Clark, NV 1 Apr. 1, 1971 818,100 Owned by Others - 44% (359,964) ---------- Owned by SCE - 56% 458,136 2 Oct. 1, 1971 818,100 Owned by Others - 44% (359,964) ---------- Owned by SCE - 56% 458,136 ========== TOTAL SCE 916,272 ========== TOTAL COAL: 1,701,648 ----------
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- NUCLEAR: - - -------- San Onofre San Diego 1 Jan. 1, 1968 0 Owned by Others - 20% 0 ---------- Owned by SCE - 80% 0 2 Aug. 8, 1983 1,127,000 Owned by Others - 24.95% (281,185) ---------- Owned by SCE - 75.05% 845,815 3 Apr. 1, 1984 1,127,000 Owned by Others - 24.95% (281,185) ---------- Owned by SCE - 75.05% 845,815 ========== TOTAL SCE 1,691,630 Palo Verde Maricopa, AZ 1 Feb. 1, 1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 2 Sep. 19, 1986 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 3 Jan. 20, 1988 1,403,100 Owned by Others - 84.2% (1,181,410) ---------- Owned by SCE - 15.8% 221,690 ========== TOTAL SCE 665,070 ========== TOTAL NUCLEAR: 2,356,700 ------------- HYDRO: - - ------ NORTHERN REGION HYDROELECTRIC PLANTS: - - ------------------------------------ Big Creek #1 Fresno 1 Nov. 8, 1913 19,800 2 Nov. 8, 1913 15,750 3 Jul. 12, 1923 21,600 4 Jun. 8, 1925 28,000 ---------- TOTAL PLANT 85,150 Big Creek #2 Fresno 3 Dec. 18, 1913 15,750 4 Jan. 11, 1914 15,750 5 Feb. 1, 1921 17,500 6 Mar. 31, 1925 17,500 ---------- TOTAL PLANT 66,500 Big Creek #2A Fresno 1 Aug. 6, 1928 55,000 2 Dec. 21, 1928 55,000 ---------- TOTAL PLANT 110,000 Big Creek #3 Fresno & Madera 1 Oct. 3, 1923 34,000 2 Sep. 30, 1923 34,000 3 Oct. 5, 1923 34,000 4 Apr. 28, 1948 36,000 5 Feb. 24, 1980 36,450 ---------- TOTAL PLANT 174,450
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- NORTHERN REGION HYDROELECTRIC PLANTS: (continued) - - ------------------------------------ Big Creek #4 Fresno & Madera 1 Jun. 12, 1951 50,000 2 Jul. 2, 1951 50,000 ---------- TOTAL PLANT 100,000 Big Creek #8 Fresno 1 Aug. 16, 1921 30,000 2 Jun. 8, 1929 45,000 ---------- TOTAL PLANT 75,000 Kaweah #1 Tulare 1 May 25, 1929 2,250 Kaweah #2 Tulare 2 Sep. 13, 1929 1,800 Kaweah #3 Tulare 1 May 29, 1913 2,400 2 May 29, 1913 2,400 ---------- TOTAL PLANT 4,800 Mammoth Pool Madera 1 Mar. 28, 1960 95,000 2 Mar. 28, 1960 95,000 ---------- TOTAL PLANT 190,000 Portal Fresno 1 Dec. 22, 1956 10,800 John S. Eastwood Fresno 1 Dec. 1, 1987 199,800 Tule River Tulare 1 Sep. 14, 1909 1,260 2 Sep. 14, 1909 1,260 ---------- TOTAL PLANT 2,520 ========== TOTAL NORTHERN REGION HYDRO PLANTS 1,023,070 ---------------------------------- EASTERN REGION HYDROELECTRIC PLANTS: - - ----------------------------------- Fontana San Bernardino 1 Dec. 22, 1917 1,475 2 Dec. 22, 1917 1,475 ---------- TOTAL PLANT 2,950 Kern River #1 Kern 1 May 19, 1907 6,570 2 Jun. 7, 1907 6,570 3 Jul. 29, 1907 6,200 4 Jun. 27, 1907 6,570 ---------- TOTAL PLANT 25,910 Kern River #3 Kern 1 May 13, 1921 20,500 2 Mar. 22, 1921 19,670 ---------- TOTAL PLANT 40,170 Kern River-Borel Kern 1 Dec. 31, 1904 3,000 2 Dec. 31, 1904 3,000 3 Jan. 23, 1932 6,000 ---------- TOTAL PLANT 12,000
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- EASTERN REGION HYDROELECTRIC PLANTS: (continued) - - ----------------------------------- Lytle Creek San Bernardino 1 Oct. 23, 1904 250 2 Sep. 15, 1904 250 ---------- TOTAL PLANT 500 Ontario #1 Los Angeles 1 Dec. , 1902 200 2 Dec. , 1902 200 3 Dec. , 1902 200 ---------- TOTAL PLANT 600 Ontario #2 Los Angeles 1 Jun. 13, 1963 320 San Gorgonio #1 Riverside 1 Dec. 5, 1923 1,500 San Gorgonio #2 Riverside 1 Dec. 17, 1923 938 Santa Ana #1 San Bernardino 1 Feb. 14, 1899 800 2 Feb. 10, 1899 800 3 Jan. 9, 1899 800 4 Jan. 10, 1899 800 ---------- TOTAL PLANT 3,200 Santa Ana #2 San Bernardino 1 Jun. 7, 1905 400 2 May 20, 1905 400 ---------- TOTAL PLANT 800 Santa Ana #3 San Bernardino 1 Apr. 1, 1947 1,200 Sierra Los Angeles 1 Jan. 12, 1922 240 2 Feb. 16, 1922 240 ---------- TOTAL PLANT 480 Mill Creek #1 San Bernardino 1 Sep. 7, 1893 800 Mill Creek #2 San Bernardino 1 Aug. 3, 1904 250 Mill Creek #3 San Bernardino 3 Mar. 20, 1903 1,000 4 Jan. 23, 1904 1,000 5 Mar. 3, 1904 1,000 ---------- TOTAL PLANT 3,000 Bishop Creek #2 Inyo 1 Nov. , 1908 2,500 2 Nov. , 1908 2,500 3 Jun. , 1911 2,320 ---------- TOTAL PLANT 7,320 Bishop Creek #3 Inyo 1 Jun. 12, 1913 2,750 2 Jun. 12, 1913 2,340 3 Jun. 12, 1913 2,500 ---------- TOTAL PLANT 7,590
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- EASTERN REGION HYDRO PLANTS:(continued) - - --------------------------------------- Bishop Creek #4 Inyo 1 Sep. 20, 1905 1,000 2 Sep. 20, 1905 1,000 3 1906 1,985 4 Oct. 1, 1907 1,985 5 1909 1,985 ---------- TOTAL PLANT 7,955 Bishop Creek #5 Inyo 1 May 30, 1943 2,000 2 Jun. 1, 1919 2,532 ---------- TOTAL PLANT 4,532 Bishop Creek #6 Inyo 1 Mar. 12, 1913 1,600 Lundy Mono 1 Dec. 9, 1911 1,500 2 Feb. 2, 1912 1,500 ---------- TOTAL PLANT 3,000 Poole Mono 1 1924 11,250 Rush Creek Mono 1 Oct. 17, 1916 4,400 2 Dec. 11, 1917 4,000 ---------- TOTAL PLANT 8,400 ========== TOTAL EASTERN REGION HYDROELECTRIC PLANTS 146,265 ----------------------------------------- TOTAL HYDROELECTRIC PLANTS 1,169,335 - - -------------------------- ========== OTHER: - - ------ SYN FUEL,IGCC - DEMO: --------------------- Cool Water Coal San Bernardino 1 Jun. 24, 1984 100,000 BATTERY STORAGE: ---------------- Chino Battery StorageChino 1 Jan. 3, 1991 10,000 ---------- TOTAL OTHER: 110,000 - - ------------ TOTAL SCE OWNED RESOURCES (MAIN SYSTEM): 15,946,778 ========================================== ==========
ISOLATED SYSTEMS: - - -----------------
Generator Name Location Unit Date of Plate Rating Name of Plant County No. Operation kW - - ------------- -------- ---- --------- ----------- Pebbly Beach (Diesel)Los Angeles 7 Jul. 3, 1958 1,000 (Catalina) 8 Jun. 26, 1963 1,500 10 Jul. 25, 1966 1,125 12 Jun. 18, 1976 1,550 14 Oct. 24, 1986 1,400 15 Dec. 31, 1995 2,800 ---------- 9,375 Catalina Hydro Los Angeles 1 May 5, 1983 30 (Catalina) 2 Jul. 24, 1985 22 3 Jul. 24, 1985 57 ---------- 109 ========== TOTAL SCE OWNED RESOURCES: 9,484 - - ----------------------------- TOTAL ISOLATED SYSTEMS RESOURCES: 9,484 ================================ ==========
Attached hereto as Exhibit A are the following financial statements dated as of December 31, 1995, or for the year then ended: A.1. Edison International and Subsidiaries Consolidating Balance Sheet. A.2. Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.3. Southern California Edison Company and Subsidiaries Consolidating Balance Sheet. A.4. Southern California Edison Company and Subsidiaries Consolidating Income Statement. A.5. Southern California Edison Company and Subsidiaries Equity Investments. A.6. Nonutility Subsidiaries Consolidating Balance Sheet. A.7. Nonutility Subsidiaries Consolidating Statements of Income and Retained Earnings. A.8. Edison Capital and Subsidiaries Consolidating Balance Sheet. A.9. Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.10. Edison Capital and Subsidiaries Equity Investments in Real Estate Limited Partnerships. A.11. Edison Funding Company and Subsidiaries Consolidating Balance Sheet. A.12. Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.13. Mission Funding Epsilon and Subsidiaries Consolidating Balance Sheet. A.14. Mission Funding Epsilon and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.15. Edison Housing Investments and Subsidiaries Consolidating Balance Sheet. A.16. Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.17. Mission Land Company and Subsidiaries Consolidating Balance Sheet. A.18. Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.19. Mission Land Company and Subsidiaries Equity Investments. A.20. Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet. A.21. Mission Power Engineering Company and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.22. Edison Mission Energy and Subsidiaries Consolidating Balance Sheet. A.23. Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings. A.24. Edison Mission Energy and Subsidiaries Equity Investments. A.25. Hanover Energy Company Consolidating Balance Sheet. A.26. Hanover Energy Company Consolidating Statements of Income and Retained Earnings. A.27. MEC International B.V. Consolidating Balance Sheet. A.28. MEC International B.V. Consolidating Statements of Income and Retained Earnings. A.29. MEC International B.V., Asia Power Development Company Consolidating Balance Sheet. A.30. MEC International B.V. Asia Power Development Company Consolidating Statements of Income and Retained Earnings. A.31. MEC International B.V., Latrobe Power Pty. Ltd. Consolidating Balance Sheet. A.32. MEC International B.V., Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.33. MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet. A.34. MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.35. MEC International B.V., Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Balance Sheet. A.36. MEC International B.V., Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.37. MEC International B.V., Loy Yang Holdings Pty. Ltd., Edison Mission Energy Australia Ltd. Consolidating Balance Sheet. A.38. MEC International B.V., Loy Yang Holdings Pty. Ltd., Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings. A.39. MEC International B.V., Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet. A.40. MEC International B.V., Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.41. MEC International B.V., Traralgon Power Pty. Ltd. Consolidating Balance Sheet. A.42. MEC International B.V., Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.43. MEC International Holdings B.V. Consolidating Balance Sheet. A.44. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings. A.45. MEC International B.V., MEC International Holdings B.V. Consolidating Balance Sheet. A.46. MEC International B.V., MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings. A.47. MEC International B.V., Mission Energy Company (U.K.) Limited Consolidating Balance Sheet. A.48. MEC International B.V., Mission Energy Company (U.K.) Limited Consolidating Statements of Income and Retained Earnings. A.49. MEC International B.V., Mission Energy Company (U.K.) Limited, Pride Hold Ltd. Consolidating Balance Sheet. A.50. MEC International B.V., Mission Energy Company (U.K.) Limited, Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings. A.51. MEC International B.V., Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet. A.52. MEC International B.V., Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings. A.53. MEC International B.V., Pride Hold Ltd. Consolidating Balance Sheet. A.54. MEC International B.V., Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings. A.55. MEC International B.V. Equity Investments. A.56. MEC International B.V., Mission Hydro (UK) Limited Consolidating Balance Sheet. A.57. MEC International B.V., Mission Hydro (UK) Limited Consolidating Statements of Income and Retained Earnings. PAGE Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern California Nonutility Edison Co. Subsidiaries Edison Consolidated Consolidated International ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost $19,850,179 Less-accumulated provision for depreciation and decommissioning 8,569,265 ------------------------------------------------------ 11,280,914 Construction work in progress 727,865 Nuclear fuel, at amortized cost 139,411 ------------------------------------------------------ Total utility plant 12,148,190 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 70,191 $3,070,138 $56 Nuclear decommissioning trusts 1,260,095 Investments in partnerships and unconsolidated subsidiaries 1,190,294 6,630,537 Investments in leveraged leases 574,091 Other investments 65,963 ------------------------------------------------------ Total other property and investments 1,396,249 4,834,523 6,630,593 ------------------------------------------------------ Cash and equivalents 261,767 215,344 30,040 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 911,963 155,739 136,978 Fuel inventory 114,357 Materials and supplies, at average cost 151,180 Accumulated deferred income taxes - net 476,725 Prepayments and other current assets 114,289 11,772 123 ------------------------------------------------------ Total current assets 2,030,281 382,855 167,141 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 350,563 Rate phase-in plan 129,714 Unamortized nuclear plant--net 67,185 Income tax-related deferred charges 1,723,605 Other deferred charges 309,328 556,271 25,000 ------------------------------------------------------ Total deferred charges 2,580,395 556,271 25,000 ------------------------------------------------------ TOTAL ASSETS $18,155,115 $5,773,649 $6,822,734 ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Consolidating International Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost $19,850,179 Less-accumulated provision for depreciation and decommissioning 8,569,265 ------------------------------------------------------ 11,280,914 Construction work in progress 727,865 Nuclear fuel, at amortized cost 139,411 ------------------------------------------------------ Total utility plant 12,148,190 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 3,140,385 Nuclear decommissioning trusts 1,260,095 Investments in partnerships and unconsolidated subsidiaries $(6,630,537) 1,190,294 Investments in leveraged leases 574,091 Other investments 65,963 ------------------------------------------------------ Total other property and investments (6,630,537) 6,230,828 ------------------------------------------------------ Cash and equivalents 507,151 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (149,726) 1,054,954 Fuel inventory 114,357 Materials and supplies, at average cost 151,180 Accumulated deferred income taxes - net 476,725 Prepayments and other current assets 126,184 ------------------------------------------------------ Total current assets (149,726) 2,430,551 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 350,563 Rate phase-in plan 129,714 Unamortized nuclear plant--net 67,185 Income tax-related deferred charges 1,723,605 Other deferred charges (25,000) 865,599 ------------------------------------------------------ Total deferred charges (25,000) 3,136,666 ------------------------------------------------------ TOTAL ASSETS $(6,805,263) $23,946,235 ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern California Nonutility Edison Co. Subsidiaries Edison Consolidated Consolidated International ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $2,345,387 $969,578 $2,660,096 Retained earnings 2,780,058 535,514 3,699,572 ------------------------------------------------------ 5,125,445 1,505,092 6,359,668 Preferred securities of subsidiaries: Not subject to mandatory redemption 283,755 Subject to mandatory redemption 275,000 150,000 Long-term debt 5,215,117 1,980,080 ------------------------------------------------------ Total capitalization 10,899,317 3,635,172 6,359,668 ------------------------------------------------------ Other long-term liabilities 344,192 ------------------------------------------------------ Current portion of long-term debt 1,375 38,953 Short-term debt 359,508 350,000 Accounts payable 346,258 80,676 6,412 Accrued taxes 550,384 11,735 (5,024) Accrued interest 86,494 14,269 607 Dividends payable 138,334 110,902 Regulatory balancing accounts--net 337,867 Deferred unbilled revenue and other 809,826 195,915 (862) ------------------------------------------------------ Total current liabilities 2,630,046 341,548 462,035 ------------------------------------------------------ Accumulated deferred income taxes - net 3,310,322 1,029,887 (950) Accumulated deferred investment tax credits 374,142 30,970 Customer advances and other deferred credits 597,096 106,133 1,981 ------------------------------------------------------ Total deferred credits 4,281,560 1,166,990 1,031 ------------------------------------------------------ Minority interest 629,939 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $18,155,115 $5,773,649 $6,822,734 ======================================================
Edison International and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Consolidating International Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(3,314,965) $2,660,096 Retained earnings (3,315,572) 3,699,572 ------------------------------------------------------ (6,630,537) 6,359,668 Preferred securities of subsidiaries: Not subject to mandatory redemption 283,755 Subject to mandatory redemption 425,000 Long-term debt 7,195,197 ------------------------------------------------------ Total capitalization (6,630,537) 14,263,620 ------------------------------------------------------ Other long-term liabilities 344,192 ------------------------------------------------------ Current portion of long-term deb 40,328 Short-term debt 709,508 Accounts payable (13,824) 419,522 Accrued taxes 557,095 Accrued interest 101,370 Dividends payable (135,902) 113,334 Regulatory balancing accounts--net 337,867 Deferred unbilled revenue and other 1,004,879 ------------------------------------------------------ Total current liabilities (149,726) 3,283,903 ------------------------------------------------------ Accumulated deferred income taxes - net 4,339,259 Accumulated deferred investment tax credits 405,112 Customer advances and other deferred credits (25,000) 680,210 ------------------------------------------------------ Total deferred credits (25,000) 5,424,581 ------------------------------------------------------ Minority interest 629,939 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $(6,805,263) $23,946,235 ======================================================
Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Southern California Nonutility Edison Co. Subsidiaries Edison Consolidated Consolidated International ============================================================================================================ Electric utility revenue $7,872,718 Diversified operations $532,144 $18,262 ------------------------------------------------------ Total operating revenue 7,872,718 532,144 18,262 ------------------------------------------------------ Fuel 614,954 79,162 Purchased power 2,581,878 Provisions for regulatory adjustment clauses - net 229,744 Other operating expenses 1,226,534 172,539 30,897 Maintenance 356,693 1,857 Depreciation and decommissioning 954,141 60,117 3 Income taxes 559,694 (26,665) (5,229) Property and other taxes 200,236 9,621 ------------------------------------------------------ Total operating expenses 6,723,874 296,631 25,671 ------------------------------------------------------ Operating income 1,148,844 235,513 (7,409) ------------------------------------------------------ Provision for rate phase-in plan (122,233) Allowance for equity funds used during construction 19,082 Interest income 37,644 26,062 1,120 Minority interest (47,697) Other nonoperating income - net 45,651 (4,459) 26 ------------------------------------------------------ Total other income (deductions) - net (19,856) (26,094) 1,146 ------------------------------------------------------ Income before interest and other expense 1,128,988 209,419 (6,263) ------------------------------------------------------ Interest on long-term debt 385,187 154,155 Other interest expense 80,130 (19) 1,070 Allowance for borrowed funds used during construction (14,489) Capitalized interest (1,531) (58,354) Dividends on subsidiary preferred securities 36,764 10,095 ------------------------------------------------------ Total interest and other expenses - net 486,061 105,877 1,070 ------------------------------------------------------ NET INCOME 642,927 103,542 (7,333) Retained earnings - beginning of year 2,683,568 448,972 319,302 Dividends declared on common stock (546,437) (17,000) 117,765 Stock repurchase and retirement (45,734) ------------------------------------------------------ Retained earnings - end of year $2,780,058 $535,514 $384,000 ======================================================
Edison International and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Consolidating International Adjustments Consolidated ============================================================================================================ Electric utility revenue $(188) $7,872,530 Diversified operations (18,262) 533,144 ------------------------------------------------------ Total operating revenue (18,450) 8,404,674 ------------------------------------------------------ Fuel 694,116 Purchased power 2,581,878 Provisions for regulatory adjustment clauses - net 229,744 Other operating expenses (18,450) 1,411,520 Maintenance 358,550 Depreciation and decommissioning 1,014,261 Income taxes 527,800 Property and other taxes 209,857 ------------------------------------------------------ Total operating expenses (18,450) 7,027,726 ------------------------------------------------------ Operating income 1,376,948 ------------------------------------------------------ Provision for rate phase-in plan (122,233) Allowance for equity funds used during construction 19,082 Interest income 64,826 Minority interest (47,697) Other nonoperating income - net 41,218 ------------------------------------------------------ Total other income (deductions) - net (44,804) ------------------------------------------------------ Income before interest and other expense 1,332,144 ------------------------------------------------------ Interest on long-term debt 539,342 Other interest expense 81,181 Allowance for borrowed funds used during construction (14,489) Capitalized interest (59,885) Dividends on subsidiary preferred securities 46,859 ------------------------------------------------------ Total interest and other expenses - net 593,008 ------------------------------------------------------ NET INCOME 739,136 Retained earnings - beginning of year 3,451,842 Dividends declared on common stock (445,672) Stock repurchase and retirement (45,734) ------------------------------------------------------ Retained earnings - end of year $3,699,572 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
California Electric Conservation Energy Power Financing Services Company Corporation Inc. ============================================================================================================ ASSETS (Inactive) (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $26 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 26 ------------------------------------------------------ Cash and equivalents 977 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,755 Fuel inventory Materials and supplies, at average cost 86 Accumulated deferred income taxes - net Prepayments and other current assets 325 ------------------------------------------------------ Total current assets 3,143 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-realted deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $3,169 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
SCE Southern Mono Power Capital States Company Company Realty ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $818 $69 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 818 69 ------------------------------------------------------ Cash and equivalents 160 $66 1,260 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (104) 200,001 148 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net 38 Prepayments and other current assets 2,554 ------------------------------------------------------ Total current assets 56 200,067 4,000 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 474 Rate phase-in plan Unamortized nuclear plant--net Income tax-realted deferred charges 398 Other deferred charges (6,253) 42 ------------------------------------------------------ Total deferred charges (5,779) 440 ------------------------------------------------------ TOTAL ASSETS $874 $194,288 $4,509 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Southern California California Consolidating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost $19,850,179 $19,850,179 Less-accumulated provision for depreciation and decommissioning (8,569,265) (8,569,265) ------------------------------------------------------ 11,280,914 11,280,914 Construction work in progress 727,865 727,865 Nuclear fuel, at amortized cost 139,411 139,411 ------------------------------------------------------ Total utility plant 12,148,190 12,148,190 ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation 69,278 70,191 Nuclear decommissioning trusts 1,260,095 1,260,095 Investments in partnerships and unconsolidated subsidiaries 3,380 $(3,380) Investments in leveraged leases Other investments 65,963 65,963 ------------------------------------------------------ Total other property and investments 1,398,716 (3,380) 1,396,249 ------------------------------------------------------ Cash and equivalents 259,304 261,767 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 913,099 (202,936) 911,963 Fuel inventory 114,357 114,357 Materials and supplies, at average cost 151,094 151,180 Accumulated deferred income taxes - net 476,687 476,725 Prepayments and other current assets 111,410 114,289 ------------------------------------------------------ Total current assets 2,025,951 (202,936) 2,030,281 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense 350,563 (474) 350,563 Rate phase-in plan 129,714 129,714 Unamortized nuclear plant--net 67,185 67,185 Income tax-realted deferred charges 1,723,207 1,723,605 Other deferred charges 309,286 6,253 309,328 ------------------------------------------------------ Total deferred charges 2,579,955 5,779 2,580,395 ------------------------------------------------------ TOTAL ASSETS $18,152,812 $(200,537) $18,155,115 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
California Electric Conservation Energy Power Financing Services Company Corporation Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $100 Retained earnings 1,561 ------------------------------------------------------ 1,661 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,661 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,392 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,392 ------------------------------------------------------ Accumulated deferred income taxes - net 116 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 116 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $3,169 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
SCE Southern Mono Power Capital States Company Company Realty ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $2,749 $120 $3,008 Retained earnings (2,694) (2,179) 715 ------------------------------------------------------ 55 (2,059) 3,723 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 194,221 ------------------------------------------------------ Total capitalization 55 192,162 3,723 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 1,511 396 Accrued taxes Accrued interest 615 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2,126 396 ------------------------------------------------------ Accumulated deferred income taxes - net 390 Accumulated deferred investment tax credits Customer advances and other deferred credits 819 ------------------------------------------------------ Total deferred credits 819 390 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $874 $194,288 $4,509 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Southern California California Consulating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $2,345,387 $(5,977) $2,345,387 Retained earnings 2,780,058 2,597 2,780,058 ------------------------------------------------------ 5,125,445 (3,380) 5,125,445 Preferred securities of subsidiaries: Not subject to mandatory redemption 283,755 283,755 Subject to mandatory redemption 275,000 275,000 Long-term debt 5,215,117 (194,221) 5,215,117 ------------------------------------------------------ Total capitalization 10,899,317 (197,601) 10,899,317 ------------------------------------------------------ Other long-term liabilities 344,192 344,192 ------------------------------------------------------ Current portion of long-term debt 1,375 1,375 Short-term debt 359,508 359,508 Accounts payable 345,895 (2,936) 346,258 Accrued taxes 550,384 550,384 Accrued interest 85,879 86,494 Dividends payable 138,334 138,334 Regulatory balancing accounts--net 337,867 337,867 Deferred unbilled revenue and other 809,826 809,826 ------------------------------------------------------ Total current liabilities 2,629,068 (2,936) 2,630,046 ------------------------------------------------------ Accumulated deferred income taxes - net 3,309,816 3,310,322 Accumulated deferred investment tax credits 374,142 374,142 Customer advances and other deferred credits 596,277 597,096 ------------------------------------------------------ Total deferred credits 4,280,235 4,281,560 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $18,152,812 $(200,537) $18,155,115 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
California Electric Conservation Energy Power Financing Services Company Corporation Inc. ============================================================================================================ (Inactive) (Inactive) Electric utility revenue $7,934 Diversified operations ------------------------------------------------------ Total operating revenue 7,934 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 7,686 Maintenance Depreciation and decommissioning Income taxes 109 Property and other taxes ------------------------------------------------------ Total operating expenses 7,795 ------------------------------------------------------ Operating income 139 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 46 Minority interest Other - net ------------------------------------------------------ Total other income (deductions) - net 46 ------------------------------------------------------ Income before interest and other expenses 185 ------------------------------------------------------ Interest on long-term debt Other interest expense 68 Allowance for borrowed funds used during construction Capitalized interest Dividends on preferred securities ------------------------------------------------------ Total interest and other expenses - net 68 ------------------------------------------------------ NET INCOME 117 Retained earnings - beginning of year 1,444 Dividends declared on stock ------------------------------------------------------ Retained earnings - end of year $1,561 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Statement of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
SCE Southern Mono Power Capital States Company Company Realty ============================================================================================================ (Inactive) Electric utility revenue $24 $3,357 Diversified operations ------------------------------------------------------ Total operating revenue 24 3,357 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 24 $10 2,149 Maintenance Depreciation and decommissioning Income taxes (3) 489 Property and other taxes ------------------------------------------------------ Total operating expenses 24 7 2,638 ------------------------------------------------------ Operating income (7) 719 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 15,537 Minority interest Other - net (5) ------------------------------------------------------ Total other income (deductions) - net 15,537 (5) ------------------------------------------------------ Income before interest and other expenses 15,530 714 ------------------------------------------------------ Interest on long-term debt 14,749 Other interest expense 787 Allowance for borrowed funds used during construction Capitalized interest Dividends on preferred securities ------------------------------------------------------ Total interest and other expenses - net 15,536 ------------------------------------------------------ NET INCOME (6) 714 Retained earnings - beginning of year (2,694) (2,173) (1) Dividends declared on stock ------------------------------------------------------ Retained earnings - end of year $(2,694) $(2,179) $713 ======================================================
Southern California Edison Co. and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Southern Southern California California Consolidating Edison Co. Edison Co. Adjustments Consolidated ============================================================================================================ Electric utility revenue $7,863,573 $(2,170) $7,872,718 Diversified operations ------------------------------------------------------ Total operating revenue 7,863,573 (2,170) 7,872,718 ------------------------------------------------------ Fuel 614,976 (22) 614,954 Purchased power 2,581,878 2,581,878 Provisions for regulatory adjustment clauses - net 229,744 229,744 Other operating expenses 1,218,811 (2,146) 1,226,534 Maintenance 356,693 356,693 Depreciation and decommissioning 954,141 954,141 Income taxes 559,099 559,694 Property and other taxes 200,236 200,236 ------------------------------------------------------ Total operating expenses 6,715,578 (2,168) 6,723,874 ------------------------------------------------------ Operating income 1,147,995 (2) 1,148,844 ------------------------------------------------------ Provision for rate phase-in plan (122,233) (122,233) Allowance for equity funds used during construction 19,082 19,082 Interest income 37,665 (15,604) 37,644 Minority interest Other - net 45,656 45,651 ------------------------------------------------------ Total other income (deductions) - net (19,830) (15,604) (19,856) ------------------------------------------------------ Income before interest and other expenses 1,128,165 (15,606) 1,128,988 ------------------------------------------------------ Interest on long-term debt 385,187 (14,749) 385,187 Other interest expense 80,130 (855) 80,130 Allowance for borrowed funds used during construction (14,489) (14,489) Capitalized interest (1,531) (1,531) Dividends on preferred securities 36,764 36,764 ------------------------------------------------------ Total interest and other expenses - net 486,061 (15,604) 486,061 ------------------------------------------------------ NET INCOME 642,104 (2) 642,927 Retained earnings - beginning of year 2,683,568 3,424 2,683,568 Dividends declared on stock (546,437) (546,437) ------------------------------------------------------ Retained earnings - end of year $2,779,235 $3,422 $2,780,058 ======================================================
Southern California Edison Company and Subsidiaries Equity Investments December 31, 1995
Mono Power Company ===================================================================== ===================================================================== Name of Entity: Bear Creek Uranium Company Ownership Interest: 50% Nature/Purpose of Business: (a) Ownership Interest in (000): Assets $0 Revenue 0 Net Income 0
(a) To develop and operate an integrated uranium mining complex in Wyoming. Nonutility Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Mission Power Energy Land Company Engineering Consolidated Consolidated Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $2,749,380 $283,272 $750 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 880,840 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 3,630,220 283,272 750 ------------------------------------------------------ Cash and equivalents 137,540 5,843 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 101,663 21,209 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 10,941 171 ------------------------------------------------------ Total current assets 250,144 27,223 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 493,672 27,790 473 ------------------------------------------------------- Total deferred charges 493,672 27,790 473 ------------------------------------------------------- TOTAL ASSETS $4,374,036 $338,285 $1,223 =======================================================
Nonutility Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Capital The Mission Consolidating Consolidated Group Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $36,736 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 311,921 ($2,467) Investments in leveraged leases 574,091 Other investments $1,487,024 (1,487,024) ------------------------------------------------------ Total other property and investments 922,748 1,487,024 (1,489,491) ------------------------------------------------------ Cash and equivalents 71,392 569 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 33,049 10,842 (11,024) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 660 ------------------------------------------------------ Total current assets 105,101 11,411 (11,024) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 34,931 10,122 (10,717) ------------------------------------------------------- Total deferred charges 34,931 10,122 (10,717) ------------------------------------------------------- TOTAL ASSETS $1,062,780 $1,508,557 ($1,511,232) =======================================================
Nonutility and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Nonutility Subsidiaries Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $3,070,138 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 1,190,294 Investments in leveraged leases 574,091 Other investments ------------------------------------------------------ Total other property and investments 4,834,523 ------------------------------------------------------ Cash and equivalents 215,344 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 155,739 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 11,772 ------------------------------------------------------ Total current assets 382,855 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 556,271 ------------------------------------------------------- Total deferred charges 556,271 ------------------------------------------------------- TOTAL ASSETS $5,773,649 =======================================================
Nonutility Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Mission Power Energy Land Company Engineering Consolidated Consolidated Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $64,130 $3,000 Additional Paid in Capital 629,289 $202,408 Retained earnings 320,529 59,130 (12,473) ------------------------------------------------------ 1,013,948 261,538 (9,473) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 Long-term debt 1,839,003 32,158 ------------------------------------------------------ Total capitalization 3,002,951 293,696 (9,473) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 37,009 1,944 Short-term debt Accounts payable 84,138 854 679 Accrued taxes 11,288 447 Accrued interest 13,641 221 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 53,697 804 ------------------------------------------------------ Total current liabilities 199,773 4,270 679 ------------------------------------------------------ Accumulated deferred income taxes - net 471,640 9,611 Accumulated deferred investment tax credits 30,970 Customer advances and other deferred credits 38,548 30,708 10,017 ------------------------------------------------------ Total deferred credits 541,158 40,319 10,017 ------------------------------------------------------ Minority interest 630,154 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $4,374,036 $338,285 $1,223 ======================================================
Nonutility Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Capital The Mission Consolidating Consolidated Group Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $147,866 ($67,130) Additional Paid in Capital $80,597 821,712 (912,294) Retained earnings 140,414 536,820 (508,906) ------------------------------------------------------ 221,011 1,506,398 (1,488,330) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 108,919 ------------------------------------------------------ Total capitalization 329,930 1,506,398 (1,488,330) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5,021 422 (10,438) Accrued taxes Accrued interest 407 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 139,677 1,737 ------------------------------------------------------ Total current liabilities 145,105 2,159 (10,438) ------------------------------------------------------ Accumulated deferred income taxes - net 550,419 (1,783) Accumulated deferred investment tax credits Customer advances and other deferred credits 37,541 (10,681) ------------------------------------------------------ Total deferred credits 587,960 (12,464) ------------------------------------------------------ Minority interest (215) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,062,780 $1,508,557 ($1,511,232) ======================================================
Nonutiliity Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Nonutility Subsidiaries Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $147,866 Additional Paid in Capital 821,712 Retained earnings 535,514 ------------------------------------------------------ 1,505,092 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 Long-term debt 1,980,080 ------------------------------------------------------ Total capitalization 3,635,172 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 38,953 Short-term debt Accounts payable 80,676 Accrued taxes 11,735 Accrued interest 14,269 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 195,915 ------------------------------------------------------ Total current liabilities 341,548 ------------------------------------------------------ Accumulated deferred income taxes - net 1,029,887 Accumulated deferred investment tax credits 30,970 Customer advances and other deferred credits 106,133 ------------------------------------------------------ Total deferred credits 1,166,990 ------------------------------------------------------ Minority interest 629,939 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,773,649 ======================================================
Nonutility Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Mission Mission Power Energy Land Company Engineering Consolidated Consolidated Company ============================================================================================================ Electric utility revenue $297,200 Diversified operations 170,146 $39,007 ------------------------------------------------------ Total operating revenue 467,346 39,007 ------------------------------------------------------ Fuel 79,162 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 135,403 23,817 $584 Maintenance 1,857 Depreciation and decommissioning 45,589 4,066 Income taxes 17,984 923 (240) Property and other taxes 3,874 5,747 ------------------------------------------------------ Total operating expenses 282,012 36,410 344 ------------------------------------------------------ Operating income 185,334 2,597 (344) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 23,299 1,337 1,196 Minority interest (48,343) 12 Taxes on nonoperating income (13,016) (580) (143) Other nonoperating income - net 9,879 252 (848) ------------------------------------------------------ Total other income (deductions) - net (28,181) 1,021 205 ------------------------------------------------------ Income before interest and other expenses 157,153 3,618 (139) ------------------------------------------------------ Interest on long-term debt 141,404 3,355 Other interest expense (19) Allowance for borrowed funds used during construction Capitalized interest (58,354) Dividends on subsidiary preferred securities 10,095 ------------------------------------------------------ Total interest and other expenses - net 93,145 3,336 ------------------------------------------------------ NET INCOME $64,008 $282 ($139) Retained Earnings - beginning of year 256,521 58,848 (12,334) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year $320,529 $59,130 ($12,473) ======================================================
Nonutility Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Capital The Mission Consolidating Consolidated Group Adjustments ============================================================================================================ Electric utility revenue Diversified operations $25,577 $214 ------------------------------------------------------ Total operating revenue 25,577 214 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 12,418 $317 Maintenance Depreciation and decommissioning 10,462 Income taxes (45,295) (126) 89 Property and other taxes ------------------------------------------------------ Total operating expenses (22,415) 191 89 ------------------------------------------------------ Operating income 47,992 (191) 125 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 223 7 Minority interest 634 Taxes on nonoperating income (3) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 857 4 ------------------------------------------------------ Income before interest and other expenses 48,849 (187) 125 ------------------------------------------------------ Interest on long-term debt 9,396 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 9,396 ------------------------------------------------------ NET INCOME $39,453 ($187) $125 Retained Earnings - beginning of year 117,961 450,403 (422,427) Dividends declared on common stock (17,000) 86,604 (86,604) ----------------------------------------------------- Retained Earnings - end of year $140,414 $536,820 ($508,906) ======================================================
Nonutility Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Nonutility Subsidiaries Consolidated ============================================================================================================ Electric utility revenue 297,200 Diversified operations 234,944 ------------------------------------------------------ Total operating revenue 532,144 ------------------------------------------------------ Fuel 79,162 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 172,539 Maintenance 1,857 Depreciation and decommissioning 60,117 Income taxes (26,665) Property and other taxes 9,621 ------------------------------------------------------ Total operating expenses 296,631 ------------------------------------------------------ Operating income 235,513 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 26,062 Minority interest (47,697) Taxes on nonoperating income (13,742) Other nonoperating income - net 9,283 ------------------------------------------------------ Total other income (deductions) - net (26,094) ------------------------------------------------------ Income before interest and other expenses 209,419 ------------------------------------------------------ Interest on long-term debt 154,155 Other interest expense (19) Allowance for borrowed funds used during construction Capitalized interest (58,354) Dividends on subsidiary preferred securities 10,095 ------------------------------------------------------ Total interest and other expenses - net 105,877 ------------------------------------------------------ NET INCOME $103,542 Retained Earnings - beginning of year 448,972 Dividends declared on common stock (17,000) ----------------------------------------------------- Retained Earnings - end of year $535,514 =====================================================
PAGE Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Renewable Funding Energy Burlington Company Capital Apts., Inc. Consolidated Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $29,862 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $312,723 Investments in leveraged leases 574,090 Other investments ------------------------------------------------------ Total other property and investments 29,862 886,813 ------------------------------------------------------ Cash and equivalents 575 71,010 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 644 43,449 $315 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 541 13 ------------------------------------------------------ Total current assets 1,760 114,472 315 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 997 33,769 ------------------------------------------------------ Total deferred charges 997 33,769 ------------------------------------------------------ TOTAL ASSETS $32,619 $1,035,054 $315 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission International Mission Capital Bartlett Hill Inc. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $6,148 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 6,148 ------------------------------------------------------ Cash and equivalents 15 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1 172 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 98 ------------------------------------------------------ Total current assets 1 285 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 598 ------------------------------------------------------ Total deferred charges 598 ------------------------------------------------------ TOTAL ASSETS $1 $7,031 ======================================================
PAGE 67 Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $726 $36,736 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 23,364 $(24,166) 311,921 Investments in leveraged leases 1 574,091 Other investments ------------------------------------------------------ Total other property and investments 24,090 (24,165) 922,748 ------------------------------------------------------ Cash and equivalents (611) 403 71,392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,655 (15,187) 33,049 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 9 (1) 660 ------------------------------------------------------ Total current assets 3,053 (14,785) 105,101 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (31) (402) 34,931 ------------------------------------------------------ Total deferred charges (31) (402) 34,931 ------------------------------------------------------ TOTAL ASSETS $27,112 $(39,352) $1,062,780 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Renewable Funding Energy Burlington Company Capital Apts., Inc. Consolidated Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1,682 $126,749 $3 Retained earnings (1,237) 105,090 185 ------------------------------------------------------ 445 231,839 188 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 29,327 74,612 ------------------------------------------------------ Total capitalization 29,772 306,451 188 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 342 6,924 127 Accrued taxes Accrued interest 146 261 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 447 136,391 ------------------------------------------------------ Total current liabilities 935 143,576 127 ------------------------------------------------------ Accumulated deferred income taxes - net 2,120 548,818 Accumulated deferred investment tax credits Customer advances and other deferred credits 7 36,209 ------------------------------------------------------ Total deferred credits 2,127 585,027 ------------------------------------------------------ Minority interest (215) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $32,619 $1,035,054 $315 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission International Mission Capital Bartlett Hill Inc. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $819 Retained earnings $(3) 47 ------------------------------------------------------ (3) 866 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 4,980 ------------------------------------------------------ Total capitalization (3) 5,846 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 4 271 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 83 ------------------------------------------------------ Total current liabilities 4 354 ------------------------------------------------------ Accumulated deferred income taxes - net 30 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 30 ------------------------------------------------------ Minority interest 801 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1 $7,031 ======================================================
Edison Capital and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $80,597 $(129,253) $80,597 Retained earnings (69,561) 105,893 140,414 ------------------------------------------------------ 11,036 (23,360) 221,011 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 108,919 ------------------------------------------------------ Total capitalization 11,036 (23,360) 329,930 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 12,547 (15,194) 5,021 Accrued taxes Accrued interest 407 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 2,753 3 139,677 ------------------------------------------------------ Total current liabilities 15,300 (15,191) 145,105 ------------------------------------------------------ Accumulated deferred income taxes - net (549) 550,419 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,325 37,541 ------------------------------------------------------ Total deferred credits 776 587,960 ------------------------------------------------------ Minority interest (801) (215) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $27,112 $(39,352) $1,062,780 ======================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Renewable Funding Energy Burlington Company Capital Apts., Inc. Consolidated Company ============================================================================================================ Electric utility revenue Diversified operations $3,875 $21,260 ------------------------------------------------------ Total operating revenue 3,875 21,260 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,517 1,180 Maintenance Depreciation and decommissioning 886 9,225 Income taxes 190 (41,373) Property and other taxes ------------------------------------------------------ Total operating expenses 2,593 (30,968) ------------------------------------------------------ Operating income 1,282 52,228 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 222 Minority interest 27 312 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 27 534 ------------------------------------------------------ Income before interest and other expenses 1,309 52,762 ------------------------------------------------------ Interest on long-term debt 1,953 7,108 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1,953 7,108 ------------------------------------------------------ NET INCOME (644) 45,654 Retained Earnings - beginning of year (593) 76,855 $185 Dividends declared on common stock (17,419) ------------------------------------------------------ Retained Earnings - End of year $(1,237) $105,090 $185 ======================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission International Mission Capital Bartlett Hill Inc. Company ============================================================================================================ Electric utility revenue Diversified operations $441 ------------------------------------------------------ Total operating revenue 441 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 335 Maintenance Depreciation and decommissioning 195 Income taxes (176) Property and other taxes ------------------------------------------------------ Total operating expenses 3 354 ------------------------------------------------------ Operating income (3) 87 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest 295 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 295 ------------------------------------------------------ Income before interest and other expenses (3) 382 ------------------------------------------------------ Interest on long-term debt 335 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 335 ------------------------------------------------------ NET INCOME (3) 47 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $(3) $47 ======================================================
Edison Capital and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Edison Consolidating Capital Capital Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $4 $(3) $25,577 ------------------------------------------------------ Total operating revenue 4 (3) 25,577 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 9,388 (5) 12,418 Maintenance Depreciation and decommissioning 157 (1) 10,462 Income taxes (3,934) (2) (45,295) Property and other taxes ------------------------------------------------------ Total operating expenses 5,611 (8) (22,415) ------------------------------------------------------ Operating income (5,607) 5 47,992 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1 223 Minority interest 634 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 1 857 ------------------------------------------------------ Income before interest and other expenses (5,607) 6 48,849 ------------------------------------------------------ Interest on long-term debt 9,396 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 9,396 ------------------------------------------------------ NET INCOME (5,607) 6 39,453 Retained Earnings - beginning of year (63,954) 105,468 117,961 Dividends declared on common stock 419 (17,000) ------------------------------------------------------ Retained Earnings - End of year $(69,561) $105,893 $140,414 ======================================================
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 95 Company & Edison Edison Edison Housing Housing Housing Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 95 LP/ A E Associates Argyle Abby Associates (Avenida Espana) Redevelopment Partnership Ownership Interest: 99.0% 99.0% 99.0% Equity Interest in (000): Assets $7,659 $8,908 $6,163 Revenues $303 $482 $1,809 Net Income (Loss) ($306) ($269) ($275)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Bartlett Hill MHIFED 94 LP/ MHIFED 94 LP/ Centertown Associates Berry Avenue Carlton Way Apts/ Associates Ownership Interest: 70.0% 99.0%x1.0% 99.0%x1.0% 99.0% Equity Interest in (000): Assets $0 $127 $46 $7,707 Revenues $8 $256 $204 $369 Net Income (Loss) ($59) ($267) ($169) ($192)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Housing Housing Housing Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Centro MHIFED 94 LP/ Coyote Springs Partners Corona Ely Ranch Apartments Associates Associates Ownership Interest: 99.0% 99.0%x1.0% 99.0% Equity Interest in (000): Assets $5,656 $150 $12,072 Revenues $239 $396 $577 Net Income (Loss) ($313) ($262) ($348)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Cypress Cove EAH Larkspur East Cotati Edmundson Associates Creekside Avenue Partners Associates Associates (Willows) Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $2,981 $2,799 $5,897 $3,540 Revenues $203 $228 $258 $151 Net Income (Loss) ($79) ($94) ($228) ($146)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Farm (The) MHIFED 94 LP/ Gilroy Ginzton Associates Fell Street Redwood Associates Housing Associates Associates Ownership Interest: 99.0% 99.0%x1.0% 99.0% 99.0% Equity Interest in (000): Assets $6,185 $154 $3,312 $9,710 Revenues $298 $449 $172 $637 Net Income (Loss) ($111) ($348) ($129) ($179)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Grossman Heather Glen Holy Family MHIFED 94 LP/ Apartments Associates Associates Hope West Apts Investors Ownership Interest: 99.0% 99.0% 99.0% 99.0%x1.0% Equity Interest in (000): Assets $1,278 $5,686 $9,949 $29 Revenues $96 $366 $548 $64 Net Income (Loss) ($47) ($598) ($236) ($126)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Kennedy Lofts MHIFED 95 LP/ MHIFED 95 LP/ Mission Housing Associates La Brea/Franklin Larkin & Pine I/ Calif Park Apts. Ownership Interest: 97.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% Equity Interest in (000): Assets $20,527 $61 $126 $35 Revenues $257 $81 $65 $4 Net Income (Loss) ($183) ($124) ($86) ($1)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Housing Delta and Edison Edison Edison Edison Edison Housing Housing Housing Housing Housing Investments Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Mission Mission Mission Mission Mar Housing II/ Housing III/ Housing IV/ Housing V/ Associates 5363 Dent De Rose MPT Centennial Avenue Housing Apartments Place Associates Associates Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0% 99.0% Equity Interest in (000): Assets $13 $50 $76 $10,731 $11,975 Revenues $2 $5 $10 $534 $687 Net Income (Loss) ($1) ($3) ($3) ($313) ($427)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 94 Company & Edison Edison Edison Mission Housing Housing Housing Housing Investments Investments Investments Alpha ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 94 LP/ Mid-Peninsula Mission Capp Lee Park Mayacamas Sharmon Palms Investors Village Associates Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $6,691 $3,093 $5,713 $33,726 Revenues $296 $191 $378 $6,516 Net Income (Loss) ($350) ($98) ($243) ($518)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Mission Mission Mission Housing Housing Housing Housing Beta Gamma Delta Delta ============================================================================================================ ============================================================================================================ Name of Entity: Richmond Del Carlo MH I MH II City Center Court Limited Limited Associates Associates Partnership/ Partnership/ Cal Park Apts 5363 Dent Ave Ownership Interest: 99.0% 99.0% 99.0%x99.0% 99.0%x99.0% Equity Interest in (000): Assets $7,404 $5,421 $3,417 $1,278 Revenues $342 $175 $349 $152 Net Income (Loss) ($307) ($206) ($123) ($81)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Delta Delta Epsilon =========================================================================================================== =========================================================================================================== Name of Entity: MH III MH IV Riverside/ Limited Limited Liebrandt Partnership Partnership Partners (La Playa) De Rose MPT Apartments Ownership Interest: 99.0%x99.0% 99.0%x99.0% 99.0% Equity Interest in (000): Assets $4,906 $7,512 $2,791 Revenues $453 $1,026 $61 Net Income (Loss) ($331) ($278) ($104)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Mission Mission Mission Housing Housing Housing Housing Zeta Theta Theta Theta ============================================================================================================ ============================================================================================================ Name of Entity: Fremont Building LP Mission Mission Mission (Crescent Arms) Housing Housing Housing Investors Investors Investors Partnership/ Partnership/ Partnership/ Forest Winds Glen Eden Gray's Meadows Ownership Interest: 99.0% 99.0%x5.0% 99.0%x5.0% 99.0%x5.0% Equity Interest in (000): Assets $25,359 $301 $377 $288 Revenues $181 $14 $12 $14 Net Income (Loss) ($792) ($12) ($14) ($14)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Mission Mission Mission Housing Housing Housing Housing Theta Theta Theta Theta ============================================================================================================ ============================================================================================================ Name of Entity: Mission Mission Mission Mission Housing Housing Housing Housing Investors Investors Investors Investors Partnership/ Partnership/ Partnership/ Partnership/ Rancho Park Rustic Gardens Sea Ranch Prince Bozzuto Ownership Interest: 99.0%x5.0% 99.0%x5.0% 99.0%x5.0% 99.0%x5.0% Equity Interest in (000): Assets $421 $159 $135 $582 Revenues $15 $5 $8 $69 Net Income (Loss) ($12) ($6) ($5) ($21)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Mission Edison Housing Housing Housing Theta Theta Investments ===================================================================================================== ===================================================================================================== Name of Entity: Mission Mission MHIFED 94 LP/ Housing Housing Morrone Gardens Investors Investors Associates Partnership/ Partnership/ Springdale Kresson 1028 Howard Ownership Interest: 99.0%x5.0% 99.0%x5.0% 99.0%x1.0% Equity Interest in (000): Assets $434 $253 $91 Revenues $25 $10 $479 Net Income (Loss) ($11) ($9) ($216)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Neary Lagoon Open Doors MHIFED 94 LP/ Palmer Associates Associates Pajaro Court House Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0% Equity Interest in (000): Assets $10,126 $8,353 $19 $1,891 Revenues $440 $392 $30 $196 Net Income (Loss) ($384) ($202) ($55) ($51)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHIFED 95C Co & Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHIFED 95C LP/ Pilot MHIFED 95 LP/ Post Office Park Place Terrace Grove Pinole Grove Plaza Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0% Equity Interest in (000): Assets $9,950 $7,503 $98 $62,729 Revenues $20 $0 $133 $9,046 Net Income (Loss) ($104) $0 ($101) $365
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 94 Co. & Edison Edison Housing Housing Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 94 LP/ Rosebloom Rincon De Los Associates Esteros Assoc (Oakshade) Ownership Interest: 99.0% 99.0% Equity Interest in (000): Assets $32,543 $3,268 Revenues $1,661 $174 Net Income (Loss) ($1,954) ($165)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: San Pablo San Pedro Santa Paulan MHIFED 95 LP/ Senior Housing Gardens Senior Second Street Associates Associates Apartments Center Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0%x1.0% Equity Interest in (000): Assets $4,307 $3,124 $9,103 $51 Revenues $301 $109 $780 $74 Net Income (Loss) ($164) ($142) ($234) $8
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments =========================================================================================================== =========================================================================================================== Name of Entity: South Beach Stoney Studebaker Sultana Housing Creek Building Acres Associates Associates Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $13,907 $9,810 $3,356 $2,624 Revenues $693 $397 $216 $146 Net Income (Loss) ($359) ($306) ($151) ($80)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Tabor Grand The Josephinum MHIFED 94 LP/ MHIFED 94 LP/ Associates Tierra Linda Tlaquepaque Associates Housing Assoc Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0%x1.0% Equity Interest in (000): Assets $3,699 $10,243 $32 $66 Revenues $204 $985 $206 $359 Net Income (Loss) ($132) ($505) ($102) ($102)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: Tuscany Washington Westport Wheeler Associates Creek Village Homes Manor Associates Associates Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $4,343 $3,929 $1,222 $13,313 Revenues $237 $185 $123 $605 Net Income (Loss) ($210) ($119) ($8) ($367)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 94 Co. & Edison Edison Edison Housing Housing Housing Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 94 LP/ Y.W.C.A. 16th and Winfield Hill Villa Nueva Church Street Associates Associates Associates Ownership Interest: 99% 99% 99% Equity Interest in (000): Assets $30,217 $8,882 $2,573 Revenues $916 $308 $120 Net Income (Loss) ($748) ($329) ($143)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Housing Housing Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: 210 Delta Washington Plaza Avenue Apartments Associates Associates (Renaissance Plaza) Ownership Interest: 99.0% 99.0% Equity Interest in (000): Assets $8,522 $2,257 Revenues $534 $70 Net Income (Loss) ($479) ($139)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHIFED 94 LP/ MHIFED 94 LP/ MHIFED 95 LP/ MHIFED 95 LP/ Fairview CDR Senior Hollywood 1101 Howard Village Housing Assoc. El Centro St. Associates Associates Ownership Interest: 99.0%x1.0% 99.0%x1.0% .099.0%x1.0% 99.0%x1.00% Equity Interest in (000): Assets $8 $72 $113 $59 Revenues $44 $306 $312 $64 Net Income (Loss) ($20) ($260) ($131) ($76)
PAGE 98 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHIFED 95 LP/ MHIFED 95 LP/ MHIFED 95 LP/ MHIFED 95 LP/ Solinas Avalon Mercy Housing Three Oaks Village Courtyard California III Housing Partners Ownership Interest: 99.0%x1.0% 95.0%x1.0% 99.0%x1.0% 99.0%x1.0% Equity Interest in (000): Assets $34 $326 $22 $31 Revenues $67 $14 $14 $9 Net Income (Loss) ($64) ($23) ($19) ($9)
PAGE 99 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 94 Co MHIFED 96 Co MHIFED 96 Co MHIFED 96 Co & & & & Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 94 LP/ MHIFED 96 LP/ MHIFED 96 LP/ MHIFED 96 LP/ West Capital Lavell Village North Town Poco Way Courtyard Associates Housing Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $6,738 $1,029 $16,273 $13,491 Revenues $244 $0 $0 $125 Net Income (Loss) ($290) $0 $0 ($226)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHIFED 96 Co EHI Development MHICAL 95 Co MHICAL 95 Co & Company & & Edison & Edison Edison Housing Mission SA Housing Housing Investments Company Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHIFED 96 LP/ Santa Alicia MHICAL 95 LP/ MHICAL 95 LP/ Seasons Affordable Antelope Baker Park Senior Housing Associates Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $0 $396 $21,915 $16,198 Revenues $0 $0 $320 $83 Net Income (Loss) $0 $0 ($468) ($159)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHICAL 95 Co MHICAL 95 Co MHICAL 95 Co MHICAL 95 Co & & & & Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 95 LP/ MHICAL 95 LP/ MHICAL 95 LP/ MHICAL 95 LP/ Bracher Catalonia Colina Vista Florin Woods Associates Associates Associates Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $12,100 $0 $6,116 $7,808 Revenues $22 $0 $135 $93 Net Income (Loss) ($68) $0 ($188) ($212)
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Housing MHICAL 95 Co MHICAL 95 Co Holdings MHIFED 96A Co & & & & Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHICAL 95 LP/ MHICAL 95 LP/ Mission Housing MHIFED 96A LP/ Pinmore Sunset Creek Partnership 1996/ Altamont Hotel Associates Partners La Terraza Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $11,145 $14,516 $30,716 $0 Revenues $13 $104 $0 $0 Net Income (Loss) ($91) ($221) ($420) $0
PAGE 103 Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
MHIFED 96A Co MHIFED 96A Co MHIFED 96A Co MHIFED 96A Co & & & & Edison Edison Edison Edison Housing Housing Housing Housing Investments Investments Investments Investments ============================================================================================================ ============================================================================================================ Name of Entity: MHIFED 96A LP/ MHIFED 96A LP/ MHIFED 96A LP/ MHIFED 96A LP/ Good Samaritan Mercy Housing Reseda Village Oxnard Housing California VI Ownership Interest: 99.0% 99.0% 99.0% 99.0% Equity Interest in (000): Assets $0 $0 $0 $0 Revenues $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0
Edison Capital Equity Investments in Real Estate Limited Partnerships December 31, 1995 (In thousands)
Mission Housing Denver ============================================================================================================ ============================================================================================================ Name of Entity: Mercantile Square Ownership Interest: 99.0% Equity Interest in (000): Assets $2,376 Revenues $0 Net Income (Loss) $0
PAGE 105 Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding First Asset Funding Epsilon Investment Beta Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases $76,084 $385,166 Other investments ------------------------------------------------------ Total other property and investments 76,084 385,166 ------------------------------------------------------ Cash and equivalents 3 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $19,777 38,995 229,953 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 13 ------------------------------------------------------ Total current assets 19,777 38,995 229,969 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3 ------------------------------------------------------ Total deferred charges 3 ------------------------------------------------------ TOTAL ASSETS $19,777 $115,079 $615,138 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Gamma Kappa Theta ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $83 Investments in leveraged leases $61,947 Other investments ------------------------------------------------------ Total other property and investments 61,947 83 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 22,427 13 $7 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 22,427 13 7 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $84,374 $96 $7 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Mu Nu Zeta ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $22,689 Investments in leveraged leases $14,559 $35,535 Other investments ------------------------------------------------------ Total other property and investments 14,559 35,535 22,689 ------------------------------------------------------ Cash and equivalents 8 17 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5,530 10,620 40,666 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 5,538 10,637 40,666 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $20,097 $46,172 $63,355 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Integrated Edison Housing Energy Funding Investments Services Company Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $670,466 $289,951 Investments in leveraged leases 799 Other investments ------------------------------------------------------ Total other property and investments 670,466 290,750 ------------------------------------------------------ Cash and equivalents 69,969 1,013 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $30 9,811 222,483 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 30 79,780 223,496 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 4 1,077 32,685 ------------------------------------------------------ Total deferred charges 4 1,077 32,685 ------------------------------------------------------ TOTAL ASSETS $34 $751,323 $546,931 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Funding Consolidating Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $(670,466) $312,723 Investments in leveraged leases 574,090 Other investments ------------------------------------------------------ Total other property and investments (670,466) 886,813 ------------------------------------------------------ Cash and equivalents 71,010 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (556,863) 43,449 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 13 ------------------------------------------------------ Total current assets (556,863) 114,472 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 33,769 ------------------------------------------------------ Total deferred charges 33,769 ------------------------------------------------------ TOTAL ASSETS $(1,227,329) $1,035,054 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding First Asset Funding Epsilon Investment Beta Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $19,764 $39,747 $245,312 Retained earnings 13 153 1,108 ------------------------------------------------------ 19,777 39,900 246,420 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 19,777 39,900 246,420 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 48 108 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 147 ------------------------------------------------------ Total current liabilities 48 255 ------------------------------------------------------ Accumulated deferred income taxes - net 74,848 368,463 Accumulated deferred investment tax credits Customer advances and other deferred credits 283 ------------------------------------------------------ Total deferred credits 75,131 368,463 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $19,777 $115,079 $615,138 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Gamma Kappa Theta ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $31,488 $100 Retained earnings 292 (21) $(10) ------------------------------------------------------ 31,780 79 (10) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 31,780 79 (10) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 53 17 17 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 53 17 17 ------------------------------------------------------ Accumulated deferred income taxes - net 52,541 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 52,541 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $84,374 $96 $7 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Mu Nu Zeta ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $14,750 $33,188 $26,450 Retained earnings 1,876 4,093 8,259 ------------------------------------------------------ 16,626 37,281 34,709 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 16,626 37,281 34,709 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 6 6 114 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 6 6 114 ------------------------------------------------------ Accumulated deferred income taxes - net 3,465 8,885 28,532 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 3,465 8,885 28,532 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $20,097 $46,172 $63,355 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Integrated Edison Housing Energy Funding Investments Services Company Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $126,747 $273,064 Retained earnings $(3) (11,626) 87,561 ------------------------------------------------------ (3) 115,121 360,625 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 74,612 ------------------------------------------------------ Total capitalization (3) 189,733 360,625 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 37 557,639 5,742 Accrued taxes Accrued interest 261 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 136,244 ------------------------------------------------------ Total current liabilities 37 557,900 141,986 ------------------------------------------------------ Accumulated deferred income taxes - net (2,479) 14,563 Accumulated deferred investment tax credits Customer advances and other deferred credits 6,169 29,757 ------------------------------------------------------ Total deferred credits 3,690 44,320 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $34 $751,323 $546,931 ======================================================
Edison Funding Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Funding Consolidating Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(683,861) $126,749 Retained earnings 13,395 105,090 ------------------------------------------------------ (670,466) 231,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 74,612 ------------------------------------------------------ Total capitalization (670,466) 306,451 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (556,863) 6,924 Accrued taxes Accrued interest 261 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 136,391 ------------------------------------------------------ Total current liabilities (556,863) 143,576 ------------------------------------------------------ Accumulated deferred income taxes - net 548,818 Accumulated deferred investment tax credits Customer advances and other deferred credits 36,209 ------------------------------------------------------ Total deferred credits 585,027 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $(1,227,329) $1,035,054 ======================================================
Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Funding First Asset Funding Epsilon Investment Beta Consolidated ============================================================================================================ Electric utility revenue Diversified operations $1,020 $7,015 ------------------------------------------------------ Total operating revenue 1,020 7,015 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 3 9 Maintenance Depreciation and decommissioning Income taxes (2) 300 746 Property and other taxes ------------------------------------------------------ Total operating expenses 1 303 755 ------------------------------------------------------ Operating income (1) 717 6,260 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 717 6,260 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) 717 6,260 Retained Earnings - beginning of year 14 19,585 99,017 Dividends declared on common stock (20,149) (104,169) ------------------------------------------------------ Retained Earnings - End of year $13 $153 $1,108 ======================================================
Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Gamma Kappa Theta ============================================================================================================ Electric utility revenue Diversified operations $2,066 ------------------------------------------------------ Total operating revenue 2,066 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 $3 $3 Maintenance Depreciation and decommissioning Income taxes 507 (5) (2) Property and other taxes ------------------------------------------------------ Total operating expenses 510 (2) 1 ------------------------------------------------------ Operating income 1,556 2 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 1,556 2 (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1,556 2 (1) Retained Earnings - beginning of year 15,598 (23) (8) Dividends declared on common stock (16,862) (1) ------------------------------------------------------ Retained Earnings - End of year $292 $(21) $(10) ======================================================
Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Funding Funding Funding Mu Nu Zeta ============================================================================================================ Electric utility revenue Diversified operations $2,355 $5,722 $1,152 ------------------------------------------------------ Total operating revenue 2,355 5,722 1,152 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 3 Maintenance Depreciation and decommissioning 894 Income taxes 894 2,244 (2,482) Property and other taxes ------------------------------------------------------ Total operating expenses 897 2,247 (1,585) ------------------------------------------------------ Operating income 1,458 3,475 2,737 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 1,458 3,475 2,737 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1,458 3,475 2,737 Retained Earnings - beginning of year 418 618 5,522 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $1,876 $4,093 $8,259 ======================================================
Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Edison Integrated Edison Housing Energy Funding Investments Services Company Consolidated ============================================================================================================ Electric utility revenue Diversified operations $1,963 $(33) ------------------------------------------------------ Total operating revenue 1,963 (33) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 1,062 82 Maintenance Depreciation and decommissioning 153 8,178 Income taxes (1) (3,051) (40,521) Property and other taxes ------------------------------------------------------ Total operating expenses 2 (1,836) (32,261) ------------------------------------------------------ Operating income (2) 3,799 32,228 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 98 124 Minority interest 312 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 98 436 ------------------------------------------------------ Income before interest and other expenses (2) 3,897 32,664 ------------------------------------------------------ Interest on long-term debt 7,107 1 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 7,107 1 ------------------------------------------------------ NET INCOME (2) (3,210) 32,663 Retained Earnings - beginning of year (1) (132,211) 55,318 Dividends declared on common stock 123,795 (420) ------------------------------------------------------ Retained Earnings - End of year $(3) $(11,626) $87,561 ======================================================
Edison Funding Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Funding Consolidating Company Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $21,260 ------------------------------------------------------ Total operating revenue 21,260 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,180 Maintenance Depreciation and decommissioning 9,225 Income taxes (41,373) Property and other taxes ------------------------------------------------------ Total operating expenses (30,968) ------------------------------------------------------ Operating income 52,228 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 222 Minority interest 312 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 534 ------------------------------------------------------ Income before interest and other expenses 52,762 ------------------------------------------------------ Interest on long-term debt 7,108 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 7,108 ------------------------------------------------------ NET INCOME 45,654 Retained Earnings - beginning of year $13,008 76,855 Dividends declared on common stock 387 (17,419) ------------------------------------------------------ Retained Earnings - End of year $13,395 $105,090 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Income Statement December 31, 1995 (In thousands)
Mission Mission Mission (Bermuda) Funding Funding Investments, Alpha Delta Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases $189,745 $22,740 Other investments ------------------------------------------------------ Total other property and investments 189,745 22,740 ------------------------------------------------------ Cash and equivalents $1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 128,096 18,334 12 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 128,096 18,334 13 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $317,841 $41,074 $13 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Income Statement December 31, 1995 (In thousands)
Misson Mission Bermuda Mission Investments Inv Pi Funding Inc. Ltd. Epsilon ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $104,415 Investments in leveraged leases 172,681 Other investments ------------------------------------------------------ Total other property and investments 277,096 ------------------------------------------------------ Cash and equivalents $1 $1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2 141,972 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 13 ------------------------------------------------------ Total current assets 3 1 141,985 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3 ------------------------------------------------------ Total deferred charges 3 ------------------------------------------------------ TOTAL ASSETS $3 $1 $419,084 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Income Statement December 31, 1995 (In thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $(104,415) Investments in leveraged leases $385,166 Other investments ------------------------------------------------------ Total other property and investments (104,415) 385,166 ------------------------------------------------------ Cash and equivalents 3 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (58,463) 229,953 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 13 ------------------------------------------------------ Total current assets (58,463) 229,969 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3 ------------------------------------------------------ Total deferred charges 3 ------------------------------------------------------ TOTAL ASSETS $(162,878) $615,138 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission (Bermuda) Funding Funding Investments, Alpha Delta Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $90,522 $13,880 $12 Retained earnings 488 64 ------------------------------------------------------ 91,010 13,944 12 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 91,010 13,944 12 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 53,391 5,163 1 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 53,391 5,163 1 ------------------------------------------------------ Accumulated deferred income taxes - net 173,440 21,967 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 173,440 21,967 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $317,841 $41,074 $13 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Misson Mission Bermuda Mission Investments Inv Pi Funding Inc. Ltd. Epsilon ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 $245,312 Retained earnings 556 ------------------------------------------------------ 1 245,868 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1 245,868 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 2 $1 13 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 147 ------------------------------------------------------ Total current liabilities 2 1 160 ------------------------------------------------------ Accumulated deferred income taxes - net 173,056 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 173,056 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $3 $1 $419,084 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(104,415) $245,312 Retained earnings 1,108 ------------------------------------------------------ (104,415) 246,420 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (104,415) 246,420 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (58,463) 108 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 147 ------------------------------------------------------ Total current liabilities (58,463) 255 ------------------------------------------------------ Accumulated deferred income taxes - net 368,463 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 368,463 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $(162,878) $615,138 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission (Bermuda) Funding Funding Investments, Alpha Delta Ltd. ============================================================================================================ Electric utility revenue Diversified operations $4,242 $487 ------------------------------------------------------ Total operating revenue 4,242 487 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 Maintenance Depreciation and decommissioning Income taxes 1,140 623 Property and other taxes ------------------------------------------------------ Total operating expenses 1,143 626 ------------------------------------------------------ Operating income 3,099 (139) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 3,099 (139) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 3,099 (139) Retained Earnings - beginning of year 50,731 5,310 Dividends declared on common stock (53,342) (5,107) ------------------------------------------------------ Retained Earnings - End of year $488 $64 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Bermuda Mission Investments Inv Pi Funding Inc. Ltd. Epsilon ============================================================================================================ Electric utility revenue Diversified operations $2,286 ------------------------------------------------------ Total operating revenue 2,286 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 Maintenance Depreciation and decommissioning Income taxes (1,017) Property and other taxes ------------------------------------------------------ Total operating expenses (1,014) ------------------------------------------------------ Operating income 3,300 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 3,300 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 3,300 Retained Earnings - beginning of year 42,976 Dividends declared on common stock (45,720) ------------------------------------------------------ Retained Earnings - End of year $556 ======================================================
Mission Funding Epsilon and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Funding Consolidating Epsilon Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $7,015 ------------------------------------------------------ Total operating revenue 7,015 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 9 Maintenance Depreciation and decommissioning Income taxes 746 Property and other taxes ------------------------------------------------------ Total operating expenses 755 ------------------------------------------------------ Operating income 6,260 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 6,260 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 6,260 Retained Earnings - beginning of year 99,017 Dividends declared on common stock (104,169) ------------------------------------------------------ Retained Earnings - End of year $1,108 ======================================================
PAGE Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Alpha Beta Delta ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1,229 $2,990 $6,800 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,229 2,990 6,800 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,948 2,662 6,457 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 3,948 2,662 6,457 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 137 ------------------------------------------------------ Total deferred charges 137 ------------------------------------------------------ TOTAL ASSETS $5,314 $5,652 $13,257 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $739 $2,349 $1,170 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 739 2,349 1,170 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 320 2,003 609 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 320 2,003 609 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 86 ------------------------------------------------------ Total deferred charges 86 ------------------------------------------------------ TOTAL ASSETS $1,059 $4,352 $1,865 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Housing MHIFED MHICAL Zeta 94 94 ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $9,905 $1 $23,951 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,905 1 23,951 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 357 19,809 12,245 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 357 19,809 12,245 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 8,910 556 ------------------------------------------------------ Total deferred charges 8,910 556 ------------------------------------------------------ TOTAL ASSETS $10,262 $28,720 $36,752 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
EHI Dev MHIFED MHICAL Fund 95 95 ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $38,815 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 38,815 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $4,013 $12,648 5,427 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 4,013 12,648 5,427 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 990 10,544 ------------------------------------------------------ Total deferred charges 990 10,544 ------------------------------------------------------ TOTAL ASSETS $5,003 $23,192 $44,242 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
MHIFED MHIFED MHIFED 95B 96A 95C ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $9,886 $4,888 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,886 4,888 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1 1 124 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1 1 124 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $1 $9,887 $5,012 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
EHI Mission Dev MHIFED Housing Co 96 Holdings ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $211 $21,357 $17,946 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 211 21,357 17,946 ------------------------------------------------------ Cash and equivalents 1,008 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 217 193 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1,009 217 193 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $1,220 $21,574 $18,139 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MHICAL Mission Housing 96 SA Denver ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $8,000 $6,316 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 8,000 6,316 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1 1 1 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1 1 1 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $1 $8,001 $6,317 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Housing Housing Consolidating Investments Investments Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $240,677 $(107,279) $289,951 Investments in leveraged leases 799 799 Other investments ------------------------------------------------------ Total other property and investments 241,476 (107,279) 290,750 ------------------------------------------------------ Cash and equivalents 5 1,013 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 153,276 (1,831) 222,483 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 153,281 (1,831) 223,496 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 11,462 32,685 ------------------------------------------------------ Total deferred charges 11,462 32,685 ------------------------------------------------------ TOTAL ASSETS $406,219 $(109,110) $546,931 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Alpha Beta Delta ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $3,264 $4,459 $10,073 Retained earnings 832 1,295 2,837 ------------------------------------------------------ 4,096 5,754 12,910 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 4,096 5,754 12,910 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 27 17 17 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 22 ------------------------------------------------------ Total current liabilities 27 17 39 ------------------------------------------------------ Accumulated deferred income taxes - net 1,191 (119) 308 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 1,191 (119) 308 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,314 $5,652 $13,257 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $847 $3,340 $1,181 Retained earnings 14 1,092 353 ------------------------------------------------------ 861 4,432 1,534 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 861 4,432 1,534 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 17 17 146 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 204 132 ------------------------------------------------------ Total current liabilities 221 17 278 ------------------------------------------------------ Accumulated deferred income taxes - net (23) (97) 53 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (23) (97) 53 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,059 $4,352 $1,865 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Housing MHIFED MHICAL Zeta 94 94 ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $792 $20,040 $25,491 Retained earnings (460) 4,500 3,973 ------------------------------------------------------ 332 24,540 29,464 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 332 24,540 29,464 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 18 180 537 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 9,396 1,661 5,374 ------------------------------------------------------ Total current liabilities 9,414 1,841 5,911 ------------------------------------------------------ Accumulated deferred income taxes - net 7 308 1,377 Accumulated deferred investment tax credits Customer advances and other deferred credits 509 2,031 ------------------------------------------------------ Total deferred credits 516 2,339 1,377 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $10,262 $28,720 $36,752 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
EHI Dev MHIFED MHICAL Fund 95 95 ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $5,000 $8,662 $20,569 Retained earnings 5,519 1,588 ------------------------------------------------------ 5,000 14,181 22,157 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 5,000 14,181 22,157 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 3 296 4 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 2,317 21,514 ------------------------------------------------------ Total current liabilities 3 2,613 21,518 ------------------------------------------------------ Accumulated deferred income taxes - net 2,148 567 Accumulated deferred investment tax credits Customer advances and other deferred credits 4,250 ------------------------------------------------------ Total deferred credits 6,398 567 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,003 $23,192 $44,242 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
MHIFED MHIFED MHIFED 95B 96A 95C ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $347 $396 Retained earnings $(3) (3) (1) ------------------------------------------------------ (3) 344 395 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (3) 344 395 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 4 4 4 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 9,539 4,618 ------------------------------------------------------ Total current liabilities 4 9,543 4,622 ------------------------------------------------------ Accumulated deferred income taxes - net (5) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (5) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1 $9,887 $5,012 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
EHI Mission Dev MHIFED Housing Co 96 Holdings ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1,000 $670 $899 Retained earnings 6 (3) (237) ------------------------------------------------------ 1,006 667 662 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,006 667 662 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 214 3 3 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 20,901 17,463 ------------------------------------------------------ Total current liabilities 214 20,904 17,466 ------------------------------------------------------ Accumulated deferred income taxes - net 3 11 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 3 11 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,220 $21,574 $18,139 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MHICAL Mission Housing 96 SA Denver ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $50 $200 Retained earnings $(2) (3) (3) ------------------------------------------------------ (2) 47 197 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (2) 47 197 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 3 4 4 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3 4 4 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 7,950 6,116 ------------------------------------------------------ Total deferred credits 7,950 6,116 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1 $8,001 $6,317 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Housing Housing Consolidating Investments Investments Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $273,063 $(107,279) $273,064 Retained earnings 66,267 87,561 ------------------------------------------------------ 339,330 (107,279) 360,625 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 339,330 (107,279) 360,625 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 6,051 (1,831) 5,742 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 43,103 136,244 ------------------------------------------------------ Total current liabilities 49,154 (1,831) 141,986 ------------------------------------------------------ Accumulated deferred income taxes - net 8,834 14,563 Accumulated deferred investment tax credits Customer advances and other deferred credits 8,901 29,757 ------------------------------------------------------ Total deferred credits 17,735 44,320 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $406,219 $(109,110) $546,931 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Alpha Beta Delta ============================================================================================================ Electric utility revenue Diversified operations $(518) $(307) $(1,122) ------------------------------------------------------ Total operating revenue (518) (307) (1,122) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 2 3 Maintenance Depreciation and decommissioning 31 180 294 Income taxes (418) (969) (2,185) Property and other taxes ------------------------------------------------------ Total operating expenses (384) (787) (1,888) ------------------------------------------------------ Operating income (134) 480 766 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (134) 480 766 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (134) 480 766 Retained Earnings - beginning of year 966 816 2,071 Dividends declared on common stock (1) ------------------------------------------------------ Retained Earnings - End of year $832 $1,295 $2,837 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Housing Housing Housing Epsilon Gamma Theta ============================================================================================================ Electric utility revenue Diversified operations $(104) $(205) $(92) ------------------------------------------------------ Total operating revenue (104) (205) (92) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 3 Maintenance Depreciation and decommissioning 37 121 71 Income taxes (173) (698) (35) Property and other taxes ------------------------------------------------------ Total operating expenses (133) (574) 39 ------------------------------------------------------ Operating income 29 369 (131) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 68 Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 68 ------------------------------------------------------ Income before interest and other expenses 29 369 (63) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 29 369 (63) Retained Earnings - beginning of year (15) 723 416 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $14 $1,092 $353 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Housing MHIFED MHICAL Zeta 94 94 ============================================================================================================ Electric utility revenue Diversified operations $(792) $(2,311) $(3,308) ------------------------------------------------------ Total operating revenue (792) (2,311) (3,308) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3 3 3 Maintenance Depreciation and decommissioning 576 1,116 Income taxes (342) (3,219) (6,600) Property and other taxes ------------------------------------------------------ Total operating expenses (339) (2,640) (5,481) ------------------------------------------------------ Operating income (453) 329 2,173 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 36 Minority interest 607 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 607 36 ------------------------------------------------------ Income before interest and other expenses (453) 936 2,209 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (453) 936 2,209 Retained Earnings - beginning of year (7) 3,564 1,764 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $(460) $4,500 $3,973 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
EHI Dev MHIFED MHICAL Fund 95 95 ============================================================================================================ Electric utility revenue Diversified operations $(564) $(1,697) ------------------------------------------------------ Total operating revenue (564) (1,697) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 3 3 Maintenance Depreciation and decommissioning 234 1,571 Income taxes 2 (382) (4,860) Property and other taxes ------------------------------------------------------ Total operating expenses 5 (145) (3,286) ------------------------------------------------------ Operating income (5) (419) 1,589 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 6 Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 6 ------------------------------------------------------ Income before interest and other expenses 1 (419) 1,589 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1 (419) 1,589 Retained Earnings - beginning of year (1) 5,938 (1) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $0 $5,519 $1,588 ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MHIFED MHIFED MHIFED 95B 96A 95C ============================================================================================================ Electric utility revenue Diversified operations $(103) ------------------------------------------------------ Total operating revenue (103) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 3 Maintenance Depreciation and decommissioning 23 Income taxes (1) (1) (128) Property and other taxes ------------------------------------------------------ Total operating expenses 2 2 (102) ------------------------------------------------------ Operating income (2) (2) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (2) (2) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (2) (2) (1) Retained Earnings - beginning of year (1) (1) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $(3) $(3) $(1) ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
EHI Mission Dev MHIFED Housing Co 96 Holdings ============================================================================================================ Electric utility revenue Diversified operations $8 $(215) $(416) ------------------------------------------------------ Total operating revenue 8 (215) (416) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2 3 3 Maintenance Depreciation and decommissioning Income taxes (215) (182) Property and other taxes ------------------------------------------------------ Total operating expenses 2 (212) (179) ------------------------------------------------------ Operating income 6 (3) (237) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 6 (3) (237) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 6 (3) (237) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $6 $(3) $(237) ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission MHICAL Mission Housing 96 SA Denver ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 $3 Maintenance Depreciation and decommissioning Income taxes (1) Property and other taxes ------------------------------------------------------ Total operating expenses 2 3 3 ------------------------------------------------------ Operating income (2) (3) (3) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (2) (3) (3) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (2) (3) (3) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - End of year $(2) $(3) $(3) ======================================================
Edison Housing Investments and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Edison Housing Housing Consolidating Investments Investments Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $11,418 $295 $(33) ------------------------------------------------------ Total operating revenue 11,418 295 (33) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 21 82 Maintenance Depreciation and decommissioning 3,924 8,178 Income taxes (20,114) (40,521) Property and other taxes ------------------------------------------------------ Total operating expenses (16,169) (32,261) ------------------------------------------------------ Operating income 27,587 295 32,228 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 14 124 Minority interest (295) 312 Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 14 (295) 436 ------------------------------------------------------ Income before interest and other expenses 27,601 32,664 ------------------------------------------------------ Interest on long-term debt 1 1 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1 1 ------------------------------------------------------ NET INCOME 27,600 32,663 Retained Earnings - beginning of year 39,086 55,318 Dividends declared on common stock (419) (420) ------------------------------------------------------ Retained Earnings - End of year $66,267 $0 $87,561 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Associated Southern Investment CA Commerce Company Calabasas Center Consolidated Palatino Inc. North, L.P. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,004 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 18,893 $(1,810) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 19,897 (1,810) ------------------------------------------------------ Cash and equivalents 158 118 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3,321 1,026 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (3) ------------------------------------------------------ Total current assets 3,476 1,144 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 4 ------------------------------------------------------ Total deferred charges 4 ------------------------------------------------------ TOTAL ASSETS $23,373 ($662) ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Carol Stream Centrelake Corona Developers Partners, L.P. Partners, L.P. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $9,912 $20,481 $11,079 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 9,912 20,481 11,079 ------------------------------------------------------ Cash and equivalents 36 14 192 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1,850 7 72 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (42) ------------------------------------------------------ Total current assets 1,886 21 222 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 1 (1) 237 ------------------------------------------------------ Total deferred charges 1 (1) 237 ------------------------------------------------------ TOTAL ASSETS $11,799 $20,501 $11,538 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Irwindale Lusk-Mission Mission Land Industrial Airport Park Company Partners I Dvlp. Co. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $3,223 $31,437 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 3,223 31,437 ------------------------------------------------------ Cash and equivalents 28 449 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 198 22,538 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (8) ------------------------------------------------------ Total current assets 226 22,979 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 11,018 ------------------------------------------------------ Total deferred charges 6 11,018 ------------------------------------------------------ TOTAL ASSETS $3,455 $65,434 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Ontario Airport Mission Mission Ind. Park CCH I, L.P. DAI I, L.P. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Industrial Constructors, Mission Mission Inc. Koll I, L.P. Nexus I. L.P. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated $7,291 provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 7,291 ------------------------------------------------------ Cash and equivalents 4 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 4 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 116 ------------------------------------------------------ Total deferred charges 116 ------------------------------------------------------ TOTAL ASSETS $7,411 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Nexus II, L.P. Oceangate Ontario Inc. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $5,719 $52,581 $25,060 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,719 52,581 25,060 ------------------------------------------------------ Cash and equivalents 3 390 24 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 895 1,405 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1 (11) 1 ------------------------------------------------------ Total current assets 4 1,274 1,430 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (1) 779 10,008 ------------------------------------------------------ Total deferred charges (1) 779 10,008 ------------------------------------------------------ TOTAL ASSETS $5,722 $54,634 $36,498 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Texas Mission South Bay Property Vacaville Company Holdings, Inc. L.P. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $54,350 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $750 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 750 54,350 ------------------------------------------------------ Cash and equivalents 4 68 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $226 (741) 19 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (23) ------------------------------------------------------ Total current assets 226 (737) 64 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (1) 1,666 ------------------------------------------------------ Total deferred charges (1) 1,666 ------------------------------------------------------ TOTAL ASSETS $226 $12 $56,080 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Realco Ontario Texas Master Mission Lakeshore Limited Land Partners, L.P. Partnership Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $60,386 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 171,767 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 232,153 ------------------------------------------------------ Cash and equivalents 4,347 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 137,180 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 237 ------------------------------------------------------ Total current assets 141,764 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 4,116 ------------------------------------------------------ Total deferred charges 4,116 ------------------------------------------------------ TOTAL ASSETS $378,033 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Land Consolidating Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $749 $283,272 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (189,600) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (188,851) 283,272 ------------------------------------------------------ Cash and equivalents 8 5,843 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (146,787) 21,209 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 19 171 ------------------------------------------------------ Total current assets (146,760) 27,223 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (158) 27,790 ------------------------------------------------------ Total deferred charges (158) 27,790 ------------------------------------------------------ TOTAL ASSETS ($335,769) $338,285 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Associated Southern Investment CA Commerce Company Calabasas Center Consolidated Palatino Inc. North, L.P. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($8,622) $0 Retained earnings 30,506 ($2,257) ------------------------------------------------------ 21,884 (2,257) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 1,368 ------------------------------------------------------ Total capitalization 21,884 (889) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 252 283 Accrued taxes 445 60 Accrued interest 116 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 697 459 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits 792 (232) Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 792 (232) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $23,373 ($662) $0 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Carol Stream Centrelake Corona Developers Partners, L.P. Partners, L.P. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $9,961 $16,874 $956 Retained earnings (187) (1,241) (1,691) ------------------------------------------------------ 9,774 15,633 (735) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 2,455 4,234 9,648 ------------------------------------------------------ Total capitalization 12,229 19,867 8,913 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt debt and redeemable preferred stock Short-term debt Accounts payable (923) 235 (112) Accrued taxes 191 Accrued interest 281 384 912 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 41 ------------------------------------------------------ Total current liabilities (451) 619 841 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 21 15 1,784 ------------------------------------------------------ Total deferred credits 21 15 1,784 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $11,799 $20,501 $11,538 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Irwindale Lusk-Mission Mission Land Industrial Airport Park Company Partners I Dvlp. Co. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $45,051 Retained earnings $(516) 2,534 ------------------------------------------------------ (516) 47,585 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 97 7,431 ------------------------------------------------------ Total capitalization (419) 55,016 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 3,589 6,831 Accrued taxes (220) 579 Accrued interest 430 842 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 12 137 ------------------------------------------------------ Total current liabilities 3,811 8,389 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits 54 177 Customer advances and other deferred credits 9 1,852 ------------------------------------------------------ Total deferred credits 63 2,029 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $3,455 $65,434 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Ontario Airport Mission Mission Ind. Park CCH I, L.P. DAI I, L.P. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Retained earnings ------------------------------------------------------ Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Industrial Constructors, Mission Mission Inc. Koll I, L.P. Nexus I, L.P. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $7,929 Retained earnings $(1) (573) ------------------------------------------------------ (1) 7,356 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (1) 7,356 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 2 50 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 5 ------------------------------------------------------ Total current liabilities 2 55 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits (1) Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (1) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $0 $7,411 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Nexus II, L.P. Oceangate Ontario Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $5,457 $17,903 $16,544 Retained earnings (22) (2,865) 527 ------------------------------------------------------ 5,435 15,038 17,071 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 33,805 ------------------------------------------------------ Total capitalization 5,435 48,843 17,071 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 291 147 19,155 Accrued taxes (356) Accrued interest 5,565 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other (4) 48 ------------------------------------------------------ Total current liabilities 287 5,760 18,799 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits (74) Customer advances and other deferred credits 31 702 ------------------------------------------------------ Total deferred credits 31 628 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $5,722 $54,634 $36,498 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Texas Mission South Bay Property Vacaville Company Holdings, Inc. L.P. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $32 $47,814 Retained earnings $1 (936) (6,632) ------------------------------------------------------ 1 (904) 41,182 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 75 12,146 ------------------------------------------------------ Total capitalization 1 (829) 53,328 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 739 150 Accrued taxes (16) 21 Accrued interest 1,405 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 23 ------------------------------------------------------ Total current liabilities (16) 760 1,578 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits 241 81 Customer advances and other deferred credits 1,174 ------------------------------------------------------ Total deferred credits 241 81 1,174 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $226 $12 $56,080 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Realco Ontario Texas Master Mission Lakeshore Limited Land Partners, L.P. Partnership Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $211,379 Retained earnings 55,272 ------------------------------------------------------ 266,651 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 39,773 ------------------------------------------------------ Total capitalization 306,424 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 1,944 Short-term debt Accounts payable 32,372 Accrued taxes 219 Accrued interest 221 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 559 ------------------------------------------------------ Total current liabilities 35,315 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits 8,450 Customer advances and other deferred credits 27,091 ------------------------------------------------------ Total deferred credits 35,541 ------------------------------------------------------ Minority interest 753 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $378,033 ======================================================
Mission Land Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Land Consolidating Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock ($168,870) $202,408 Retained earnings (12,789) 59,130 ------------------------------------------------------ (181,659) 261,538 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (78,874) 32,158 ------------------------------------------------------ Total capitalization (260,533) 293,696 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt 1,944 Short-term debt Accounts payable (62,207) 854 Accrued taxes (476) 447 Accrued interest (9,935) 221 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other (17) 804 ------------------------------------------------------ Total current liabilities (72,635) 4,270 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits 123 9,611 Customer advances and other deferred credits (1,971) 30,708 ------------------------------------------------------ Total deferred credits (1,848) 40,319 ------------------------------------------------------ Minority interest (753) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($335,769) $338,285 ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Associated Southern CA Commerce Investment Calabasas Center Company Palatino Inc. North, L.P. ============================================================================================================ Electric utility revenue Diversified operations $942 $(221) ------------------------------------------------------ Total operating revenue 942 (221) ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2 (1) Maintenance Depreciation and decommissioning 2 Income taxes 332 (7) Property and other taxes 5 ------------------------------------------------------ Total operating expenses 339 (6) ------------------------------------------------------ Operating income 603 (215) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 6 Minority interest Taxes on nonoperating income 1 24 Other - net 234 ------------------------------------------------------ Total other income - net 7 258 ------------------------------------------------------ Income before interest and other expenses 610 43 ------------------------------------------------------ Interest on long-term debt 4 89 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 4 89 ------------------------------------------------------ NET INCOME 606 (46) ------------------------------------------------------ Retained Earnings at Beginning of Period 29,900 (2,212) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ RETAINED EARNINGS AT END OF PERIOD $30,506 ($2,257) ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Carol Stream Centrelake Corona Developers Partners, L.P. Partners, L.P. ============================================================================================================ Electric utility revenue Diversified operations $4,261 $61 $1,052 ------------------------------------------------------ Total operating revenue 4,261 61 1,052 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 3,897 117 161 Maintenance 164 55 276 Depreciation and decommissioning 1 405 Income taxes 1 (7) Property and other taxes 241 188 118 ------------------------------------------------------ Total operating expenses 4,303 361 953 ------------------------------------------------------ Operating income (42) (300) 99 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (8) Other - net (252) ------------------------------------------------------ Total other income - net (260) ------------------------------------------------------ Income before interest and other expenses (42) (300) (161) ------------------------------------------------------ Interest on long-term debt 230 338 793 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 230 338 793 ------------------------------------------------------ NET INCOME (272) (638) (954) ------------------------------------------------------ Retained Earnings at Beginning of Period 85 (603) (737) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period ($187) ($1,241) ($1,691) ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Irwindale Lusk-Mission Mission Land Industrial Airport Park Company Partners I Dvlp. Co. ============================================================================================================ Electric utility revenue Diversified operations $12 $9,780 ------------------------------------------------------ Total operating revenue 12 9,780 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 118 6,079 Maintenance 76 728 Depreciation and decommissioning 8 1,218 Income taxes (250) 276 Property and other taxes 111 318 ------------------------------------------------------ Total operating expenses 63 8,619 ------------------------------------------------------ Operating income (51) 1,161 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 101 Minority interest Taxes on nonoperating income 11 Other - net 4 ------------------------------------------------------- Total other income - net 116 ------------------------------------------------------ Income before interest and other expenses (51) 1,277 ------------------------------------------------------ Interest on long-term debt 309 687 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 309 687 ------------------------------------------------------ NET INCOME (360) 590 ------------------------------------------------------ Retained Earnings at Beginning of Period (156) 1,944 Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period ($516) $2,534 ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Ontario Airport Mission Mission Ind. Park CCH I, L.P. DAI I, L.P. ============================================================================================================ (Inactive) Electric utility revenue $0 $0 $0 Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses ------------------------------------------------------ Operating income ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income - net ------------------------------------------------------ Income before interest and other expenses ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ------------------------------------------------------ Retained Earnings at Beginning of Period Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period $0 $0 $0 ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Industrial Constructors, Mission Mission Inc. Koll I, L.P. Nexus I, L.P. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $12 Maintenance 33 Depreciation and decommissioning Income taxes (1) Property and other taxes 84 ------------------------------------------------------ Total operating expenses 128 ------------------------------------------------------ Operating income (128) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (3) Other - net ------------------------------------------------------ Total other income - net (3) ------------------------------------------------------ Income before interest and other expenses (131) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (131) ------------------------------------------------------ Retained Earnings at Beginning of Period $(1) (442) Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period ($1) ($573) ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Mission Nexus II, L.P. Oceangate Ontario Inc. ============================================================================================================ Electric utility revenue Diversified operations $8 $3,650 $2,823 ------------------------------------------------------ Total operating revenue 8 3,650 2,823 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 12 461 2,636 Maintenance 4 209 (49) Depreciation and decommissioning 217 2 Income taxes 1 (1) (539) Property and other taxes 23 767 1,546 ------------------------------------------------------ Total operating expenses 40 1,653 3,596 ------------------------------------------------------ Operating income (32) 1,997 (773) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (1) Other - net ------------------------------------------------------ Total other income - net (1) ------------------------------------------------------ Income before interest and other expenses (32) 1,996 (773) ------------------------------------------------------ Interest on long-term debt 3,139 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3,139 ------------------------------------------------------ NET INCOME (32) (1,143) (773) ------------------------------------------------------ Retained Earnings at Beginning of Period 10 (1,722) 1,300 Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period ($22) ($2,865) $527 ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Texas Mission South Bay Property Vacaville Company Holdings, Inc. L.P. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $1,383 ------------------------------------------------------ Total operating revenue 1,383 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,503 Maintenance 166 Depreciation and decommissioning 432 Income taxes $922 1 Property and other taxes 1,057 ------------------------------------------------------ Total operating expenses 922 3,159 ------------------------------------------------------ Operating income (922) (1,776) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 Minority interest Taxes on nonoperating income Other - net 1 ------------------------------------------------------ Total other income - net 1 2 ------------------------------------------------------ Income before interest and other expenses (921) (1,774) ------------------------------------------------------ Interest on long-term debt 1,068 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 1,068 ------------------------------------------------------ NET INCOME (921) (2,842) ------------------------------------------------------ Retained Earnings at Beginning of Period 1 (15) (3,790) Deduct - Dividends on Commonstock and Other ------------------------------------------------------ Retained Earnings at End of Period $1 ($936) ($6,632) ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income of Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Realco Ontario Texas Master Mission Lakeshore Limited Land Partners, L.P. Partnership Company ============================================================================================================ Electric utility revenue Diversified operations $15,254 ------------------------------------------------------ Total operating revenue 15,254 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 8,271 Maintenance 187 Depreciation and decommissioning 1,781 Income taxes 1,693 Property and other taxes 1,267 ------------------------------------------------------ Total operating expenses 13,199 ------------------------------------------------------ Operating income 2,055 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 7,701 Minority interest 12 Taxes on nonoperating income 886 Other - net 213 ------------------------------------------------------ Total other income - net 8,812 ------------------------------------------------------ Income before interest and other expenses 10,867 ------------------------------------------------------ Interest on long-term debt 3,354 Other interest expense (19) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3,335 ------------------------------------------------------ NET INCOME 7,532 ------------------------------------------------------ Retained Earnings at Beginning of Period 47,740 Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period $55,272 ======================================================
Mission Land Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Land Consolidating Company Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $2 $39,007 ------------------------------------------------------ Total operating revenue 2 39,007 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 549 23,817 Maintenance 8 1,857 Depreciation and decommissioning 4,066 Income taxes (1,498) 923 Property and other taxes 22 5,747 ------------------------------------------------------ Total operating expenses (919) 36,410 ------------------------------------------------------ Operating income 921 2,597 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (6,473) 1,337 Minority interest 12 Taxes on nonoperating income (1,490) (580) Other - net 52 252 ------------------------------------------------------ Total other income - net (7,911) 1,021 ------------------------------------------------------ Income before interest and other expenses (6,990) 3,618 ------------------------------------------------------ Interest on long-term debt (6,656) 3,355 Other interest expense (19) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (6,656) 3,336 ------------------------------------------------------ NET INCOME (334) 282 ------------------------------------------------------ Retained Earnings at Beginning of Period (12,455) 58,848 Deduct - Dividends on Common Stock and Other ------------------------------------------------------ Retained Earnings at End of Period ($12,789) $59,130 ======================================================
Mission Land Company and Subsidiaries Equity Investments December 31, 1995
Associated Southern Mission Mission Mission Mission Investment Land Land Land Land Consolidated Company Company Company Company ============================================================================================================ ============================================================================================================ Name of Entity: Calabasas Mission- Mission- 701 Parkway Central Dominion Shea I Minnesota Business Valley Partners I L.P. Centre L.P. Partners, Ltd. Ownership Interest: 89.5% 60% 50.0% 71.2% 30.0% Nature/Purpose of Business: (a) (b) (c) (d) (e) Ownership Interest (000) in: Assets $1 $0 $113 $112 $0 Revenues 2,943 $0 2,452 1,852 $0 Net Income (4,067) $0 (229) 1,144 $0
NOTE: Values shown are at Mission's % interest. (a) To acquire, hold, purchase, lease, sell, exchange, subdivide, improve, design, construct, operate, supervise and manage real and personal property in Calabasas, California. (b) To develop and sell condominiums in Culver City, California. Investment in Dominion has been written off and Mission is involved in litigation with the partner. (c) To develop and sell single-family homes in Escondido Heights, California. Investment in Mission-Shea has been fully reserved. (d) To develop an existing building into atrium-style residential lofts in San Francisco, California. (e) To develop industrial lots for sale in Poway, California. The investment in Parkway Business Centre Partners has been fully reserved. Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidating Company Company Adjustments ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $750 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 750 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 473 ------------------------------------------------------ Total deferred charges 473 ------------------------------------------------------ TOTAL ASSETS $1,223 ======================================================
Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Power Engineering Co. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $750 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 750 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 473 ------------------------------------------------------ Total deferred charges 473 ------------------------------------------------------ TOTAL ASSETS $1,223 ======================================================
Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidating Company Company Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $3,000 Additional Paid in Capital Retained earnings ($1) (12,472) ------------------------------------------------------ (1) (9,472) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (1) (9,472) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1 678 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 678 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 10,017 ------------------------------------------------------ Total deferred credits 10,017 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,223 ======================================================
PAGE 184 Mission Power Engineering Company and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Power Engineering Co. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $3,000 Additional Paid in Capital Retained earnings (12,473) ------------------------------------------------------ (9,473) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (9,473) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 679 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 679 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 10,017 ------------------------------------------------------ Total deferred credits 10,017 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $1,223 ======================================================
PAGE 185 Mission Power Engineering Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Associated Southern Mission Power Engineering Engineering Consolidating Company Company Adjustments ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $584 Maintenance Depreciation and decommissioning Income taxes (240) Property and other taxes ------------------------------------------------------ Total operating expenses 344 ------------------------------------------------------ Operating income (344) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,196 Taxes on nonoperating income (143) Minority interest Other nonoperating income - net (848) ------------------------------------------------------ Total other income (deductions) - net 205 ------------------------------------------------------ Income before interest and other expenses (139) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($139) Retained Earnings - beginning of year $(1) (12,333) Dividends declared on common stock ------------------------------------------------------- Retained Earnings - end of year ($1) ($12,472) ======================================================
Mission Power Engineering Company and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Power Engineering Co. Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $584 Maintenance Depreciation and decommissioning Income taxes (240) Property and other taxes ------------------------------------------------------ Total operating expenses 344 ------------------------------------------------------ Operating income (344) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,196 Taxes on nonoperating income (143) Minority interest Other nonoperating income - net (848) ------------------------------------------------------ Total other income (deductions) - net 205 ------------------------------------------------------ Income before interest and other expenses (139) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($139) Retained Earnings - beginning of year (12,334) Dividends declared on common stock ------------------------------------------------------- Retained Earnings - end of year ($12,473) ======================================================
PAGE Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Aguila Anacapa Anacostia Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $17,891 $5,761 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 17,891 5,761 ------------------------------------------------------ Cash and equivalents 5 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 13 ------------------------------------------------------ Total current assets 5 14 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $17,896 $5,775 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Bergen Arrowhead Balboa Point Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1,056 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,056 ------------------------------------------------------ Cash and equivalents $7 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 7 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $7 $1,056 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Blue Bretton Ridge BN Woods Energy Geothermal Energy Company Inc. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $35,785 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 35,785 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $35,785 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Camino Capistrano Capitol Energy Cogeneration Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $130,277 $28,737 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 130,277 28,737 ------------------------------------------------------ Cash and equivalents 16,014 20 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 582 8 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 59 ------------------------------------------------------ Total current assets 16,655 28 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2,231 ------------------------------------------------------ Total deferred charges 2,231 ------------------------------------------------------ TOTAL ASSETS $149,163 $28,765 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $2,589 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 2,589 ------------------------------------------------------ Cash and equivalents 1 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (1) Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $2,589 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Clayville Colonial Conejo Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $38,399 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 38,399 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $38,399 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Crescent Coronado Valley Energy Energy Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $15,447 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 15,447 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 9 ------------------------------------------------------ Total current assets 9 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $15,456 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Del Mar Delaware Energy Energy Company Conservers, Inc. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $6,263 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 6,263 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 8 ------------------------------------------------------ Total current assets 9 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $6,272 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Desert Eastern Sunrise Devereaux Sierra Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $31,479 $10,395 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 31,479 10,395 ------------------------------------------------------ Cash and equivalents 58 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 70 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 128 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $31,479 $10,523 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
East Maine El Dorado Energy Energy EMP Company Company Inc. ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $26,465 $30,914 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 26,465 30,914 ------------------------------------------------------ Cash and equivalents 3 6 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 172 (145) Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 175 (139) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $26,640 $30,775 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Four Hanover Countries Energy Holtsville Gas Company Energy Company Consolidated Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $10,819 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 10,819 ------------------------------------------------------ Cash and equivalents 71 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 57 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 128 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $10,947 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Kings Indiana Bay Jefferson Canyon Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Kingspark Laguna La Jolla Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) (Inactive) (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Lehigh Lake Grove Lakeview River Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Longview Madera Madison Cogeneration Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $29,997 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 29,997 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $29,997 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC Mission/ International Eagle B.V. Mission Energy Consolidated Capital Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $2,742,263 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (362,576) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 2,379,687 ------------------------------------------------------ Cash and equivalents 93,682 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 88,988 Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets 4,899 74 ------------------------------------------------------ Total current assets 187,569 74 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 395,939 $6,341 ------------------------------------------------------ Total deferred charges 395,939 6,341 ------------------------------------------------------ TOTAL ASSETS $2,963,195 $6,415 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Energy Energy Canada Construction Holdings Corporation Services,Inc. International,Inc. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $46,114 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 46,114 ------------------------------------------------------ Cash and equivalents 29 Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1,167 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 29 1,167 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $46,143 $1,167 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Energy Energy Holding, Inc. Indonesia Mexico ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents $11 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 11 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $11 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Fuel Energy Energy Company New York, Inc. Westside, Inc. Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $76,625 $226,993 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 76,625 226,993 ------------------------------------------------------ Cash and equivalents 163 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 21 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 403 ------------------------------------------------------ Total current assets 587 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant - net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges 0 ------------------------------------------------------ TOTAL ASSETS $76,625 $227,580 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Operations Mission Operation & de Mexico, Triple Cycle Maintenance S.A. Systems Inc. de C.V. Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $240 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 240 ------------------------------------------------------ Cash and equivalents 34 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 8,494 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 33 ------------------------------------------------------ Total current assets 8,561 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 26 ------------------------------------------------------ Total deferred charges 26 ------------------------------------------------------ TOTAL ASSETS $8,827 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
North Northern Niguel Jackson Sierra Energy Energy Energy Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $40,905 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 40,905 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $40,905 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Ortega Paradise Panther Energy Energy Timber Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Pleasant Prince Energy Valley George Wales Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $2,403 $16,491 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 2,403 16,491 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 3 Fuel inventory Materials and supplies, at average cost Regulatory balanced accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 3 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $2,406 $16,491 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Quartz Peak Rapidan Reeves Bay Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $12,225 $645 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 12,225 645 ------------------------------------------------------ Cash and equivalents (73) Receivables, including unbilled revenue, net of allowance for uncollectible accounts 96 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 54 ------------------------------------------------------ Total current assets 54 23 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $12,279 $668 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Rio Ridgecrest Escondido Riverport Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts $1,685 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1,685 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 86,024 ------------------------------------------------------ Total deferred charges 86,024 ------------------------------------------------------ TOTAL ASSETS $87,709 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
San Felipe San Gabriel Energy Energy Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $31,391 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 31,391 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $31,391 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $34,875 $9,559 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 34,875 9,559 ------------------------------------------------------ Cash and equivalents 10 10 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 38 44 ------------------------------------------------------ Total current assets 54 54 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $34,929 $9,613 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,863 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,863 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 11 ------------------------------------------------------ Total current assets 12 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $5,875 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Silver Springs Sonoma South Coast Energy Gothermal Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $6,454 $9,779 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 6,454 9,779 ------------------------------------------------------ Cash and equivalents 26 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 8 14 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 19 ------------------------------------------------------ Total current assets 8 59 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $6,462 $9,838 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $52,682 $5,794 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 52,682 5,794 ------------------------------------------------------ Cash and equivalents 9 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 19 1 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 57 13 ------------------------------------------------------ Total current assets 85 14 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $52,767 $5,808 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $7,927 $48,645 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 7,927 48,645 ------------------------------------------------------ Cash and equivalents 1 12 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 8 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 63 ------------------------------------------------------ Total current assets 1 83 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $7,928 $48,728 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $6,877 $2,749,380 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 1,498,129 ($1,312,357) 880,840 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,505,006 (1,312,357) 3,630,220 ------------------------------------------------------ Cash and equivalents 27,437 4 137,540 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 411 (4) 101,663 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 5,141 3 10,941 ------------------------------------------------------ Total current assets 32,989 3 250,144 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3,109 2 493,672 ------------------------------------------------------ Total deferred charges 3,109 2 493,672 ------------------------------------------------------ TOTAL ASSETS $1,541,104 ($1,312,352) $4,374,036 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Aguila Anacapa Anacostia Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $17,301 $3,295 Retained earnings (3,285) (117) $(3) ------------------------------------------------------ 14,016 3,178 (3) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 14,016 3,178 (3) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (13,874) 1,714 3 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 15 ------------------------------------------------------ Total current liabilities (13,874) 1,729 3 ------------------------------------------------------ Accumulated deferred income taxes - net 17,754 868 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 17,754 868 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $17,896 $5,775 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Bergen Arrowhead Balboa Point Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $968 Retained earnings $2 $(7) (1,226) ------------------------------------------------------ 2 (7) (258) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 2 (7) (258) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (364) 12 1,095 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (364) 12 1,095 ------------------------------------------------------ Accumulated deferred income taxes - net 369 (5) 219 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 369 (5) 219 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $7 $0 $1,056 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Blue Bretton Ridge BN Woods Energy Geothermal Energy Company Inc. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $31,196 $313 Retained earnings $(6) (4,139) 68 ------------------------------------------------------ (6) 27,057 381 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (6) 27,057 381 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 12 2,754 (432) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 12 2,754 (432) ------------------------------------------------------ Accumulated deferred income taxes - net (6) 5,741 51 Accumulated deferred investment tax credits 233 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (6) 5,974 51 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $35,785 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Camino Capistrano Capitol Energy Cogeneration Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $22,900 $10,112 Retained earnings 27,838 868 $(1) ------------------------------------------------------ 50,738 10,980 (1) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 33,000 ------------------------------------------------------ Total capitalization 83,738 10,980 (1) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 11,000 Short-term debt Accounts payable 13,525 (1,071) 1 Accrued taxes Accrued interest 1,549 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 73 ------------------------------------------------------ Total current liabilities 26,147 (1,071) 1 ------------------------------------------------------ Accumulated deferred income taxes - net 30,551 16,515 Accumulated deferred investment tax credits 8,727 2,341 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 39,278 18,856 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $149,163 $28,765 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $241 $2,536 $114 Retained earnings 49 14 (140) ------------------------------------------------------ 290 2,550 (26) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 290 2,550 (26) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (334) 38 26 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (334) 38 26 ------------------------------------------------------ Accumulated deferred income taxes - net 44 1 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 44 1 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $2,589 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Clayville Colonial Conejo Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $16,092 Retained earnings $(4) $(2) 990 ------------------------------------------------------ (4) (2) 17,082 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4) (2) 17,082 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable stock Short-term debt Accounts payable 4 2 (1,174) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4 2 (1,174) ------------------------------------------------------ Accumulated deferred income taxes - net 18,984 Accumulated deferred investment tax credits 3,507 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 22,491 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $38,399 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Crescent Coronado Valley Energy Energy Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(4) $5,252 ------------------------------------------------------ (4) 5,252 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4) 5,252 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 4 2,553 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 11 ------------------------------------------------------ Total current liabilities 4 2,564 ------------------------------------------------------ Accumulated deferred income taxes - net 4,351 Accumulated deferred investment tax credits 3,289 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 7,640 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $15,456 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Del Mar Delaware Energy Energy Company Conservers, Inc ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,240 Retained earnings 523 ------------------------------------------------------ 2,763 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 2,763 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 748 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 10 ------------------------------------------------------ Total current liabilities 758 ------------------------------------------------------ Accumulated deferred income taxes - net 2,751 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,751 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $6,272 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Desert Eastern Sunrise Devereaux Sierra Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $12 $35,280 $9,153 Retained earnings (2) (2,813) (121) ------------------------------------------------------ 10 32,467 9,032 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 10 32,467 9,032 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (11) (2,914) 1,265 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (11) (2,914) 1,265 ------------------------------------------------------ Accumulated deferred income taxes - net 1 1,926 226 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 1 1,926 226 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $31,479 $10,523 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
East Maine El Dorado Energy Energy EMP Company Company Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock $8,800 Additional Paid in Capital $29,700 $480 Retained earnings $(6) (1,844) (790) ------------------------------------------------------ (6) 27,856 8,490 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (6) 27,856 8,490 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 590 (1,557) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5 590 (1,557) ------------------------------------------------------ Accumulated deferred income taxes - net (1,806) 18,766 Accumulated deferred investment tax credits 5,076 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (1,806) 23,842 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $<1> $26,640 $30,775 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Four Hanover Counties Energy Holtsville Gas Company Energy Company Consolidated Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $7,774 $1,273 Retained earnings $(4) 25 (894) ------------------------------------------------------ (4) 7,799 379 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4) 7,799 379 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 4 (329) (548) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4 (329) (548) ------------------------------------------------------ Accumulated deferred income taxes - net 3,477 169 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 3,477 169 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $10,947 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Kings Indian Bay Jefferson Canyon Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $207 Retained earnings 41 $(1,680) $(4) ------------------------------------------------------ 248 (1,680) (4) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (248) (1,680) (4) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (287) 561 4 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (287) 561 4 ------------------------------------------------------ Accumulated deferred income taxes - net 38 1,119 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 38 1,119 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES ($1) $0 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Kingspark Laguna La Jolla Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $3,094 $11,535 Retained earnings 245 (1,468) $(4) ------------------------------------------------------ 3,339 10,067 (4) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 2,644 ------------------------------------------------------ Total capitalization 3,339 12,711 (4) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (4,598) (12,793) 4 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (4,598) (12,793) 4 ------------------------------------------------------ Accumulated deferred income taxes - net 1,259 82 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 1,259 82 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Lake Grove Lakeview Lehigh River Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $697 $8,093 Retained earnings (507) $(4) (6,612) ------------------------------------------------------ 190 (4) 1,481 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 190 (4) 1,481 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (190) 4 (2,388) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (190) 4 (2,388) ------------------------------------------------------ Accumulated deferred income taxes - net 898 Accumulated deferred investment tax credits 9 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 907 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Longview Madera Madison Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $25,440 Retained earnings $(3) $(6) 1,711 ------------------------------------------------------ (3) (6) 27,151 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (3) (6) 27,151 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 3 11 (129) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3 11 (129) ------------------------------------------------------ Accumulated deferred income taxes - net (5) 2,975 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (5) 2,975 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $29,997 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC Mission/ International Eagle B.V. Mission Energy Consolidated Capital Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22,886 Additional Paid in Capital $386,126 Retained earnings 31,514 $396 ------------------------------------------------------ 440,526 396 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership $150,000 Long-term debt 1,388,784 ------------------------------------------------------ Total capitalization 1,829,310 150,396 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable stock 26,009 Short-term debt Accounts payable 78,677 (143,964) Accrued taxes 10,058 Accrued interest 9,947 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 28,437 ------------------------------------------------------ Total current liabilities 153,128 (143,964) ------------------------------------------------------ Accumulated deferred income taxes - net 328,371 (17) Accumulated deferred investment tax credits Customer advances and other deferred credits 22,232 ------------------------------------------------------ Total deferred credits 350,603 (17) ------------------------------------------------------ Minority interest 630,154 ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,963,195 $6,415 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Energy Energy Canada Construction Holdings Corporation Services,Inc. International,Inc. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $45,135 Retained earnings (1,414) (1) ------------------------------------------------------ 43,721 (1) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 43,721 (1) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 4,496 $1,167 1 Accrued taxes (2,135) Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1 ------------------------------------------------------ Total current liabilities 2,362 1,167 1 ------------------------------------------------------ Accumulated deferred income taxes - net (730) Accumulated deferred investment tax credits Customer advances and other deferred credits 790 ------------------------------------------------------ Total deferred credits 60 0 0 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $46,143 $1,167 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Energy Energy Holdings, Inc. Indonesia Mexico ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $200 Retained earnings $(1) $(4) (1,139) ------------------------------------------------------ (1) (4) (939) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (1) (4) (939) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 1 4 945 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1 4 945 ------------------------------------------------------ Accumulated deferred income taxes - net 0 5 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 0 5 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $11 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Mission Energy Fuel Energy Energy Company New York, Inc. Westside, Inc. Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $62,834 $205,631 Retained earnings (1,173) $(1) 36,817 ------------------------------------------------------ 61,661 (1) 242,448 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt 12,257 ------------------------------------------------------ Total capitalization 73,918 (1) 242,448 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 8,356 1 (15,207) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,617 ------------------------------------------------------ Total current liabilities 8,356 1 (13,590) ------------------------------------------------------ Accumulated deferred income taxes - net (5,649) (1,278) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (5,649) 0 (1,278) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $76,625 $0 $227,580 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Mission Operation & Operations Triple Cycle Maintenance de Mexico Systems Inc. S.A. de C.V. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $11,250 $335 Retained earnings 3,098 155 ------------------------------------------------------ 14,348 490 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 14,348 490 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (7,178) (314) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 2,267 ------------------------------------------------------ Total current liabilities (4,911) (314) ------------------------------------------------------ Accumulated deferred income taxes - net (610) (176) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (610) (176) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $8,827 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
North Northern Niguel Jackson Sierra Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $13,730 Retained earnings 6,333 $(1) $134 ------------------------------------------------------ 20,063 (1) 134 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 20,063 (1) 134 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (3,286) 1 (134) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (3,286) 1 (134) ------------------------------------------------------ Accumulated deferred income taxes - net 20,339 Accumulated deferred investment tax credits 3,789 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 24,128 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $40,905 $0 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Ortega Paradise Panther Energy Energy Timber Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $966 Retained earnings $(5) 256 ------------------------------------------------------ (5) 1,222 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (5) 1,222 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 (787) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5 (787) ------------------------------------------------------ Accumulated deferred income taxes - net (435) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 0 (435) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Pleasant Prince Energy Valley George Wales Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $119 $12,790 Retained earnings $(4) 273 (494) ------------------------------------------------------ (4) 392 12,296 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4) 392 12,296 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 4 1,857 1,094 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4 1,857 1,094 ------------------------------------------------------ Accumulated deferred income taxes - net 98 3,101 Accumulated deferred investment tax credits Customer advances and other deferred credits 59 ------------------------------------------------------ Total deferred credits 157 3,101 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $2,406 $16,491 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Quartz Peak Rapidan Reeves Bay Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $9,278 $2,114 $788 Retained earnings 104 (265) (669) ------------------------------------------------------ 9,382 1,849 119 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 9,382 1,849 119 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 495 19 (119) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 65 ------------------------------------------------------ Total current liabilities 560 19 (119) ------------------------------------------------------ Accumulated deferred income taxes - net 2,337 (1,200) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 2,337 (1,200) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $12,279 $668 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Rio Ridgecrest Escondido Riverport Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $101,131 $332 Retained earnings $(6) (11,492) 77 ------------------------------------------------------ (6) 89,639 409 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (6) 89,639 409 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 11 (6,203) (461) Accrued taxes 3,365 Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 11 (2,838) (461) ------------------------------------------------------ Accumulated deferred income taxes - net (5) 908 52 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (5) 908 52 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $87,709 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
San Felipe San Gabriel Energy Energy Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $18,282 Retained earnings 2,292 $(222) ------------------------------------------------------ 20,574 (222) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 20,574 (222) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (11,088) 100 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 115 ------------------------------------------------------ Total current liabilities (11,088) 215 ------------------------------------------------------ Accumulated deferred income taxes - net 17,854 7 Accumulated deferred investment tax credits 4,051 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 21,905 7 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $31,391 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Addional Paid in Capital $3,000 $4,942 Retained earnings 7,776 (1,417) $(6) ------------------------------------------------------ 10,776 3,525 (6) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 10,776 3,525 (6) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 6,478 3,800 11 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 45 52 ------------------------------------------------------ Total current liabilities 6,523 3,852 11 ------------------------------------------------------ Accumulated deferred income taxes - net 14,496 2,236 (5) Accumulated deferred investment tax credits 3,134 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 17,630 2,236 (5) ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $34,929 $9,613 $0 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $2,910 Retained earnings $(7) $(4) 1,014 ------------------------------------------------------ (7) (4) 3,924 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (7) (4) 3,924 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 11 4 1,331 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 13 ------------------------------------------------------ Total current liabilities 11 4 1,344 ------------------------------------------------------ Accumulated deferred income taxes - net (4) 0 607 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (4) 0 607 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $0 $5,875 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Silver Springs Sonoma South Coast Energy Geothermal Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $5,511 $2,070 Retained earnings $(4) (328) 1,522 ------------------------------------------------------ (4) 5,183 3,592 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4) 5,183 3,592 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 4 1,550 1,953 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 60 ------------------------------------------------------ Total current liabilities 4 1,550 2,013 ------------------------------------------------------ Accumulated deferred income taxes - net (295) 3,484 Accumulated deferred investment tax credits 24 749 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (271) 4,233 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $0 $6,462 $9,838 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $5,456 $3,255 Retained earnings 19,341 (57) ------------------------------------------------------ 24,797 3,198 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 24,797 3,198 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 11,250 1,574 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 68 16 ------------------------------------------------------ Total current liabilities 11,318 1,590 ------------------------------------------------------ Accumulated deferred income taxes - net 12,257 1,020 Accumulated deferred investment tax credits 4,395 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 16,652 1,020 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $52,767 $5,808 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $12,910 $13,090 Retained earnings 526 2,065 ------------------------------------------------------ 13,436 15,155 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 13,436 15,155 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (4,974) 11,855 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 76 ------------------------------------------------------ Total current liabilities (4,974) 11,931 ------------------------------------------------------ Accumulated deferred income taxes - net (534) 17,123 Accumulated deferred investment tax credits 4,519 Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (534) 21,642 ------------------------------------------------------ Minority interest ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $7,928 $48,728 =======================================================
Edison Mission Energy and Subsidiaries Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $64,131 ($31,687) $64,130 Additional Paid in Capital 636,790 (1,171,732) 629,289 Retained earnings 318,101 (104,482) 320,529 ------------------------------------------------------ 1,019,022 (1,307,902) 1,013,948 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership 150,000 Long-term debt 402,316 2 1,839,003 ------------------------------------------------------ Total capitalization 1,421,338 (1,307,900) 3,002,951 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 37,009 Short-term debt Accounts payable 159,770 (921) 84,138 Accrued taxes 11,288 Accrued interest 2,145 13,641 Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 20,755 1 53,697 ------------------------------------------------------ Total current liabilities 182,670 (920) 199,773 ------------------------------------------------------ Accumulated deferred income taxes - net (78,371) 9,341 471,640 Accumulated deferred investment tax credits (12,873) 30,970 Customer advances and other deferred credits 15,467 38,548 ------------------------------------------------------ Total deferred credits (62,904) (3,532) 541,158 ------------------------------------------------------ Minority interest 630,154 ------------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,541,104 ($1,312,352) $4,374,036 =======================================================
PAGE Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Aguila Anacapa Anacostia Energy Energy Energy Company Company Company ============================================================================================================ (inactive) Electric utility revenue Diversified operations ($1,749) $603 ----------------------------------------------------- Total operating revenue (1,749) 603 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 343 701 Maintenance Depreciation and decommissioning 133 68 Income taxes (1,092) (54) $1 Property and other taxes ------------------------------------------------------ Total operating expenses (616) 715 1 ------------------------------------------------------ Operating income (1,133) (112) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 239 Minority interest Taxes on nonoperating income (93) Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net 145 ------------------------------------------------------ Income before interest and other expenses (988) (112) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($988) ($112) ($1) Retained Earnings - beginning of year (2,297) (5) (2) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year ($3,285) ($117) ($3) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Bergen Arrowhead Balboa Point Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $124 ----------------------------------------------------- Total operating revenue 124 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning 14 Income taxes $3 $1 (230) Property and other taxes ------------------------------------------------------ Total operating expenses 3 1 469 ------------------------------------------------------ Operating income (3) (1) (345) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (3) Other nonoperating income - net 7 ------------------------------------------------------ Total other income (deductions) - net 4 ------------------------------------------------------ Income before interest and other expenses 1 (1) (345) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $1 ($1) ($345) Retained Earnings - beginning of year (6) (881) Dividends declared on common stock 1 ------------------------------------------------------ Retained Earnings - end of year $2 ($7) ($1,226) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Blue Bretton Ridge BN Woods Energy Geothermal Energy Company Inc. Company ============================================================================================================ Electric utility revenue Diversified operations $12,031 ----------------------------------------------------- Total operating revenue 12,031 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning Income taxes $1 4,225 $3 Property and other taxes ------------------------------------------------------ Total operating expenses 1 4,910 3 ------------------------------------------------------ Operating income (1) 7,121 (3) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 7,121 (3) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $7,121 ($3) Retained Earnings - beginning of year (6) (2,320) 70 Dividends declared on common stock 1 (8,940) 1 ------------------------------------------------------ Retained Earnings - end of year ($6) ($4,139) $68 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Camino Capistrano Capitol Energy Cogeneration Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $33,264 $3,331 ----------------------------------------------------- Total operating revenue 33,264 3,331 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 760 685 Maintenance Depreciation and decommissioning 688 8 Income taxes 10,398 784 Property and other taxes ------------------------------------------------------ Total operating expenses 11,846 1,477 ------------------------------------------------------ Operating income 21,418 1,854 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,892 Minority interest Taxes on nonoperating income (742) Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net 1,149 ------------------------------------------------------ Income before interest and other expenses 22,567 1,854 ------------------------------------------------------ Interest on long-term debt 5,158 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 5,158 ------------------------------------------------------ NET INCOME $17,409 $1,854 Retained Earnings - beginning of year 22,509 735 $(1) Dividends declared on common stock (12,080) (1,721) ------------------------------------------------------ Retained Earnings - end of year $27,838 $868 ($1) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Centerport Chesapeake Chester Energy Bay Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $2 $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 2 1 1 ------------------------------------------------------ Operating income (2) (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 3 Minority interest Taxes on nonoperating income (1) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 2 ------------------------------------------------------ Income before interest and other expenses (2) 1 (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($2) $1 ($1) Retained Earnings - beginning of year 52 13 (140) Dividends declared on common stock (1) 0 1 ------------------------------------------------------ Retained Earnings - end of year $49 $14 ($140) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Clayville Colonial Conejo Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $8,074 ----------------------------------------------------- Total operating revenue 8,074 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning Income taxes $1 $1 2,491 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 3,176 ------------------------------------------------------ Operating income (1) (1) 4,898 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) 4,898 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) ($1) $4,898 Retained Earnings - beginning of year (3) (2) 3,292 Dividends declared on common stock 0 1 (7,200) ------------------------------------------------------ Retained Earnings - end of year ($4) ($2) $990 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Crescent Coronado Valley Energy Energy Company Company ============================================================================================================ Electric utility revenue Diversified operations $2,560 ----------------------------------------------------- Total operating revenue 2,560 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 696 Maintenance Depreciation and decommissioning 7 Income taxes $1 510 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1,213 ------------------------------------------------------ Operating income (1) 1,347 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 1,347 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $1,347 Retained Earnings - beginning of year (3) 3,904 Dividends declared on common stock 0 1 ------------------------------------------------------ Retained Earnings - end of year ($4) $5,252 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Del Mar Delaware Energy Energy Company Conservers, Inc. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $1,486 ----------------------------------------------------- Total operating revenue 1,486 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 697 Maintenance Depreciation and decommissioning 14 Income taxes 324 Property and other taxes ------------------------------------------------------ Total operating expenses 1,035 ------------------------------------------------------ Operating income 451 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net 1 ------------------------------------------------------ Total other income (deductions) - net 1 ------------------------------------------------------ Income before interest and other expenses 452 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $452 Retained Earnings - beginning of year 679 Dividends declared on common stock (608) ------------------------------------------------------ Retained Earnings - end of year $523 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Desert Sunrise Devereaux Energy Energy Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ($691) ----------------------------------------------------- Total operating revenue (691) ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 386 Maintenance Depreciation and decommissioning Income taxes (158) Property and other taxes ------------------------------------------------------ Total operating expenses 228 ------------------------------------------------------ Operating income (919) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net (1) ------------------------------------------------------ Income before interest and other expenses (920) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($920) Retained Earnings - beginning of year $1 (1,894) Dividends declared on common stock (3) 1 ------------------------------------------------------ Retained Earnings - end of year ($2) ($2,813) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Eastern Sierra East Maine El Dorado Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $1,865 $9,314 ----------------------------------------------------- Total operating revenue 1,865 9,314 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 386 Maintenance Depreciation and decommissioning 204 218 Income taxes 228 $1 (1,117) Property and other taxes ------------------------------------------------------ Total operating expenses 1,117 1 (513) ------------------------------------------------------ Operating income 748 (1) 9,827 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4 9,194 Minority interest Taxes on nonoperating income (40) (3,666) Other nonoperating income - net 99 (12,877) ------------------------------------------------------ Total other income (deductions) - net 63 (7,349) ------------------------------------------------------ Income before interest and other expenses 811 (1) 2,478 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $811 ($1) $2,478 Retained Earnings - beginning of year (931) (5) 2,296 Dividends declared on common stock (1) 0 (6,618) ------------------------------------------------------ Retained Earnings - end of year ($121) ($6) ($1,844) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Four Hanover Counties Energy EMP Gas Company Inc. Company Consolidated ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $616 $1,519 ----------------------------------------------------- Total operating revenue 616 1,519 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 685 Maintenance Depreciation and decommissioning 126 Income taxes (425) $1 201 Property and other taxes ------------------------------------------------------ Total operating expenses 260 1 1,012 ------------------------------------------------------ Operating income 356 (1) 507 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (142) 16 Other nonoperating income - net 361 (40) ------------------------------------------------------ Total other income (deductions) - net 219 (24) ------------------------------------------------------ Income before interest and other expenses 575 (1) 483 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $575 ($1) $483 Retained Earnings - beginning of year (1,366) (3) (442) Dividends declared on common stock 1 0 (16) ------------------------------------------------------ Retained Earnings - end of year ($790) ($4) $25 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Holtsville Indian Bay Jefferson Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $13 $2 $63 Property and other taxes ------------------------------------------------------ Total operating expenses 13 2 63 ------------------------------------------------------ Operating income (13) (2) (63) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (64) Other nonoperating income - net 162 ------------------------------------------------------ Total other income (deductions) - net 98 ------------------------------------------------------ Income before interest and other expenses (13) (2) 35 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($13) ($2) $35 Retained Earnings - beginning of year (880) 43 (1,717) Dividends declared on common stock (1) (0) 2 ------------------------------------------------------ Retained Earnings - end of year ($894) $41 ($1,680) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Kings Canyon Kingspark Laguna Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $32 $(116) Property and other taxes 0 0 ------------------------------------------------------ Total operating expenses 1 32 (116) ------------------------------------------------------ Operating income (1) (32) 116 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (32) 116 ------------------------------------------------------ Interest on long-term debt 196 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 196 ------------------------------------------------------ NET INCOME ($1) ($32) ($80) Retained Earnings - beginning of year (3) 277 (1,389) Dividends declared on common stock 0 0 1 ------------------------------------------------------ Retained Earnings - end of year ($4) $245 ($1,468) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
La Jolla Lake Grove Lakeview Energy Energy Energy Company Company Company ============================================================================================================ (Inactive) (Inactive) Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $1 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 1 ------------------------------------------------------ Operating income (1) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $0 ($1) Retained Earnings - beginning of year (3) (507) (3) Dividends declared on common stock 0 (0) 0 ------------------------------------------------------ Retained Earnings - end of year ($4) ($507) ($4) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Lehigh River Longview Madera Energy Cogeneration Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $685 Maintenance Depreciation and decommissioning Income taxes (321) $1 Property and other taxes ------------------------------------------------------ Total operating expenses 364 1 ------------------------------------------------------ Operating income (364) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 2 Other nonoperating income - net (5) ------------------------------------------------------ Total other income (deductions) - net (3) ------------------------------------------------------ Income before interest and other expenses (367) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($367) ($1) $0 Retained Earnings - beginning of year (6,245) (3) (6) Dividends declared on common stock 0 1 (0) ------------------------------------------------------ Retained Earnings - end of year ($6,612) ($3) ($6) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
MEC Madison International Energy B.V. Mission Company Consolidated Capital ============================================================================================================ Electric utility revenue $297,201 Diversified operations $1,994 $2,667 ----------------------------------------------------- Total operating revenue 1,994 299,868 ----------------------------------------------------- Fuel 79,162 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 343 62,066 Maintenance Depreciation and decommissioning 131 35,484 Income taxes 500 17,975 $(3,964) Property and other taxes 3,662 ------------------------------------------------------ Total operating expenses 974 198,349 (3,964) ------------------------------------------------------ Operating income 1,020 101,519 3,964 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 119 3,045 Minority interest (48,343) Taxes on nonoperating income (47) (1,257) (4,218) Other nonoperating income - net (1) 17,284 10,751 ------------------------------------------------------ Total other income (deductions) - net 71 (29,271) 6,533 ------------------------------------------------------ Income before interest and other expenses 1,091 72,248 10,497 ------------------------------------------------------ Interest on long-term debt 89,772 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (47,663) Dividend on subsidiary preferred securities 10,095 ------------------------------------------------------ Total interest and other expenses - net 42,109 10,095 ------------------------------------------------------ NET INCOME $1,091 $30,139 $402 Retained Earnings - beginning of year 619 1,375 0 Dividends declared on common stock 1 0 (6) ------------------------------------------------------ Retained Earnings - end of year $1,711 $31,514 $396 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Mission Mission Mission Eagle Energy Energy Energy Canada Construction Company Corporation Services, Inc. ============================================================================================================ Electric utility revenue Diversified operations ($4,570) ----------------------------------------------------- Total operating revenue 4,570 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 6 Maintenance Depreciation and decommissioning 23 Income taxes (1,996) Property and other taxes ------------------------------------------------------ Total operating expenses (1,967) ------------------------------------------------------ Operating income (2,603) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net (335) ------------------------------------------------------ Total other income (deductions) - net (335) ------------------------------------------------------ Income before interest and other expenses (2,938) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($2,938) Retained Earnings - beginning of year 1,524 Dividends declared on common stock 0 ------------------------------------------------------ Retained Earnings - end of year ($1,414) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnigns For The Year Ended December 31, 1995 (in thousands)
Mission Mission Energy Fuel Mission Energy Company Energy Holdings Consolidated Holdings,Inc. International,Inc. ============================================================================================================ Electric utility revenue Diversified operations $14,087 $0 $0 ----------------------------------------------------- Total operating revenue 14,087 0 0 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,596 Maintenance Depreciation and decommissioning 5,188 Income taxes (1,462) $1 Property and other taxes ------------------------------------------------------ Total operating expenses 5,322 1 ------------------------------------------------------ Operating income 8,765 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 87 Minority interest Taxes on nonoperating income (35) Other nonoperating income - net 1 ------------------------------------------------------ Total other income (deductions) - net 53 ------------------------------------------------------ Income before interest and other expenses 8,818 (1) ------------------------------------------------------ Interest on long-term debt 315 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 315 ------------------------------------------------------ NET INCOME $8,503 $0 ($1) Retained Earnings - beginning of year (2,256) (6) 0 Dividends declared on common stock 30,570 5 0 ------------------------------------------------------ Retained Earnings - end of year $36,817 ($1) ($1) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Mission Mission Mission Energy Energy Energy Indonesia Mexico New York, Inc. ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $15 ----------------------------------------------------- Total operating revenue 15 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $5 Maintenance Depreciation and decommissioning Income taxes $1 (7) (1,099) Property and other taxes ------------------------------------------------------ Total operating expenses 1 (2) (1,099) ------------------------------------------------------ Operating income (1) 2 1,114 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 7,728 Minority interest Taxes on nonoperating income (3,561) Other nonoperating income - net 1,348 ------------------------------------------------------ Total other income (deductions) - net 5,515 ------------------------------------------------------ Income before interest and other expenses (1) 2 6,629 ------------------------------------------------------ Interest on long-term debt 2,043 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 2,043 ------------------------------------------------------ NET INCOME ($1) $2 $4,586 Retained Earnings - beginning of year (3) (1,141) (372) Dividends declared on common stock 0 0 (5,387) ------------------------------------------------------ Retained Earnings - end of year ($4) ($1,139) ($1,173) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Edison Mission Mission Mission Operations Operations & Energy de Mexico Maintenance Westside, Inc. S.A. de C.V. Inc. ============================================================================================================ Electric utility revenue Diversified operations $29,648 ----------------------------------------------------- Total operating revenue 29,648 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 25,781 Maintenance Depreciation and decommissioning 62 Income taxes $1 1,383 Property and other taxes 3 ------------------------------------------------------ Total operating expenses 1 27,229 ------------------------------------------------------ Operating income (1) 2,419 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 34 Minority interest Taxes on nonoperating income (71) Other nonoperating income - net 146 ------------------------------------------------------ Total other income (deductions) - net 109 ------------------------------------------------------ Income before interest and other expenses (1) 2,528 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $2,528 Retained Earnings - beginning of year (1) 4,210 Dividends declared on common stock 1 (3,640) ------------------------------------------------------ Retained Earnings - end of year ($1) $3,098 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Mission North Triple Cycle Niguel Jackson Systems Energy Energy Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $8,232 ----------------------------------------------------- Total operating revenue 8,232 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning Income taxes $1 2,563 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 1 3,248 1 ------------------------------------------------------ Operating income (1) 4,984 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 4,984 (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $4,984 ($1) Retained Earnings - beginning of year 155 8,799 0 Dividends declared on common stock 1 (7,450) 0 ------------------------------------------------------ Retained Earnings - end of year $155 $6,333 ($1) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Northern Sierra Ortega Panther Energy Energy Timber Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $(1) Property and other taxes ------------------------------------------------------ Total operating expenses (1) ------------------------------------------------------ Operating income 1 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 1 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $0 $0 $1 Retained Earnings - beginning of year 134 (4) 255 Dividends declared on common stock 0 (1) 0 ------------------------------------------------------ Retained Earnings - end of year $134 ($5) $256 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Pleasant Prince Valley George Paradise Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $14 $3,462 ----------------------------------------------------- Total operating revenue 14 3,462 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 343 685 Maintenance Depreciation and decommissioning 614 Income taxes (115) 771 Property and other taxes ------------------------------------------------------ Total operating expenses 228 2,070 ------------------------------------------------------ Operating income (214) 1,392 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 116 Minority interest Taxes on nonoperating income (51) (4) Other nonoperating income - net 13 10 ------------------------------------------------------ Total other income (deductions) - net 78 6 ------------------------------------------------------ Income before interest and other expenses (136) 1,398 ------------------------------------------------------ Interest on long-term debt 23 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 23 ------------------------------------------------------ NET INCOME ($159) $1,398 Retained Earnings - beginning of year 432 780 Dividends declared on common stock 0 (2,672) ------------------------------------------------------ Retained Earnings - end of year $273 ($494) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Quartz Peak Rapidan Reeves Bay Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $2,460 $41 ----------------------------------------------------- Total operating revenue 2,460 41 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 757 343 Maintenance Depreciation and decommissioning 61 4 Income taxes 595 (124) Property and other taxes ------------------------------------------------------ Total operating expenses 1,413 223 ------------------------------------------------------ Operating income 1,047 (182) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 151 2 Minority interest Taxes on nonoperating income (59) (49) Other nonoperating income - net 123 ------------------------------------------------------ Total other income (deductions) - net 92 76 ------------------------------------------------------ Income before interest and other expenses 1,139 (106) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $1,139 ($106) $0 Retained Earnings - beginning of year 561 (160) (669) Dividends declared on common stock (1,596) 1 (0) ------------------------------------------------------ Retained Earnings - end of year $104 ($265) ($669) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Rio Ridgecrest Escondido Riverport Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ----------------------------------------------------- Total operating revenue ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $(800) Maintenance Depreciation and decommissioning Income taxes 585 $3 Property and other taxes ------------------------------------------------------ Total operating expenses (215) 3 ------------------------------------------------------ Operating income 215 (3) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 10,179 Minority interest Taxes on nonoperating income (5,284) Other nonoperating income - net 3,290 ------------------------------------------------------ Total other income (deductions) - net 8,185 ------------------------------------------------------ Income before interest and other expenses 8,400 (3) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $0 $8,400 ($3) Retained Earnings - beginning of year (6) (19,894) 79 Dividends declared on common stock (0) 2 1 ------------------------------------------------------ Retained Earnings - end of year ($6) ($11,492) $77 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
San Mission San Felipe Gabriel Energy Energy Energy Wales Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $5,641 ($356) ----------------------------------------------------- Total operating revenue 5,641 (356) ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning Income taxes 1,724 (137) $1 Property and other taxes ------------------------------------------------------ Total operating expenses 2,409 (137) 1 ------------------------------------------------------ Operating income 3,232 (219) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses 3,232 (219) (1) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $3,232 ($219) ($1) Retained Earnings - beginning of year 4,660 (3) (3) Dividends declared on common stock (5,600) 0 0 ------------------------------------------------------ Retained Earnings - end of year $2,292 ($222) ($4) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
San Joaquin San Juan San Pedro Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $12,899 $10,123 ----------------------------------------------------- Total operating revenue 12,899 10,123 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 742 739 Maintenance Depreciation and decommissioning 30 90 Income taxes 4,760 3,484 Property and other taxes ------------------------------------------------------ Total operating expenses 5,532 4,313 ------------------------------------------------------ Operating income 7,367 5,810 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (20) Other nonoperating income - net 52 ------------------------------------------------------ Total other income (deductions) - net 32 ------------------------------------------------------ Income before interest and other expenses 7,399 5,810 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $7,399 $5,810 $0 Retained Earnings - beginning of year 5,816 (97) (6) Dividends declared on common stock (5,439) (7,130) (0) ------------------------------------------------------ Retained Earnings - end of year $7,776 ($1,417) ($6) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Santa Ana Santa Clara Silverado Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $1,550 ----------------------------------------------------- Total operating revenue 1,550 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 698 Maintenance Depreciation and decommissioning 50 Income taxes 328 Property and other taxes ------------------------------------------------------ Total operating expenses 1,076 ------------------------------------------------------ Operating income 474 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net (1) ------------------------------------------------------ Total other income (deductions) - net (1) ------------------------------------------------------ Income before interest and other expenses 473 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $0 $0 $473 Retained Earnings - beginning of year (6) (4) 540 Dividends declared on common stock (1) (0) 1 ------------------------------------------------------ Retained Earnings - end of year ($7) ($4) $1,014 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Silver Springs Sonoma South Coast Energy Geothermal Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $299 $3,593 ----------------------------------------------------- Total operating revenue 299 3,593 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 697 Maintenance Depreciation and decommissioning 4 Income taxes $1 (182) 1,208 Property and other taxes ------------------------------------------------------ Total operating expenses 1 503 1,909 ------------------------------------------------------ Operating income (1) (204) 1,684 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 301 Minority interest Taxes on nonoperating income (265) 220 Other nonoperating income - net 375 (561) ------------------------------------------------------ Total other income (deductions) - net 411 (341) ------------------------------------------------------ Income before interest and other expenses (1) 207 1,343 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME ($1) $207 $1,343 Retained Earnings - beginning of year (3) (535) 254 Dividends declared on common stock 0 0 (75) ------------------------------------------------------ Retained Earnings - end of year ($4) ($328) $1,522 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Southern Sierra Thorofare Viejo Energy Energy Energy Company Company Company ============================================================================================================ Electric utility revenue Diversified operations $23,948 $474 ----------------------------------------------------- Total operating revenue 23,948 474 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 756 701 Maintenance Depreciation and decommissioning 58 65 Income taxes 9,136 (99) Property and other taxes ------------------------------------------------------ Total operating expenses 9,950 667 ------------------------------------------------------ Operating income 13,998 (193) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income 6 Other nonoperating income - net (14) ------------------------------------------------------ Total other income (deductions) - net (8) ------------------------------------------------------ Income before interest and other expenses 13,990 (193) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $13,990 ($193) Retained Earnings - beginning of year 12,504 137 Dividends declared on common stock (7,153) (1) ------------------------------------------------------ Retained Earnings - end of year $19,341 ($57) ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Western Vista Sierra Energy Energy Company Company ============================================================================================================ Electric utility revenue $(1) Diversified operations 25,630 ----------------------------------------------------- Total operating revenue 25,629 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 799 Maintenance Depreciation and decommissioning 37 Income taxes $(1) 9,847 Property and other taxes ------------------------------------------------------ Total operating expenses (1) 10,683 ------------------------------------------------------ Operating income 1 14,946 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income (9) 2 Other nonoperating income - net 23 (5) ------------------------------------------------------ Total other income (deductions) - net 14 (3) ------------------------------------------------------ Income before interest and other expenses 15 14,943 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividend on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $15 $14,943 Retained Earnings - beginning of year 509 (980) Dividends declared on common stock 2 (11,898) ------------------------------------------------------ Retained Earnings - end of year $526 $2,065 ======================================================
Edison Mission Energy and Subsidiaries Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (in thousands)
Edison Edison Mission Mission Consolidating Energy Energy Adjustments Consolidated ============================================================================================================ Electric utility revenue $297,200 Diversified operations ($45,094) $1,042 170,146 ----------------------------------------------------- Total operating revenue (45,094) 1,042 467,346 ----------------------------------------------------- Fuel 79,162 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 29,368 (1,726) 135,403 Maintenance Depreciation and decommissioning 2,207 1 45,589 Income taxes (53,994) 10,517 17,984 Property and other taxes 210 (1) 3,874 ------------------------------------------------------ Total operating expenses (22,209) 8,791 282,012 ------------------------------------------------------ Operating income (22,885) (7,749) 185,334 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,401 (11,196) 23,299 Minority interest (48,343) Taxes on nonoperating income (7,591) 14,010 (13,016) Other nonoperating income - net (10,328) 3 9,879 ------------------------------------------------------ Total other income (deductions) - net (16,518) 2,817 (28,181) ------------------------------------------------------ Income before interest and other expenses (39,403) (4,932) 157,153 ------------------------------------------------------ Interest on long-term debt 43,897 141,404 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (10,691) (58,354) Dividend on subsidiary preferred securities 10,095 ------------------------------------------------------ Total interest and other expenses - net 33,206 93,145 ------------------------------------------------------ NET INCOME ($72,609) ($4,932) $64,008 Retained Earnings - beginning of year 249,118 (22,599) 256,521 Dividends declared on common stock 141,592 (76,951) (0) ------------------------------------------------------ Retained Earnings - end of year $318,101 ($104,482) $320,529 ======================================================
Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Bergen Aguila Anacapa Arrowhead Balboa Point Energy Energy Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: American Salinas River Crown Smithtown TEVCO/ Bituminous Cogeneration Energy, Cogeneration, Mission Power Company L.P. L.P. Bayonne Partners, Partnership L.P. Ownership Interest: 50% 50% 50% 50% 50% Nature/Purpose of Business: (a) (b) (c) (d) (e) Ownership Interest in (000): Assets $87,365 $21,516 $0 $0 $855 Revenue $13,491 $6,697 $0 $0 $138 Net Income (Loss) ($2,113) $719 $0 $0 $135
(a) To own an 80 MW cogeneration facility located in Grant Town, West Virginia. (b) To own and operate the 38 MW cogeneration facility located in Monterey County, California. (c) To own and operate power production facilities. (d) To own and operate power production facilities. (e) To own a limited partnership interest in the Cogen Technologies NJ Venture. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Bretton Blue Ridge BN Woods Camino Capistrano Energy Geothermal, Energy Energy Cogeneration Company Inc. Company Company Company ============================================================================== Name of Entity: Bretton Woods Vulcan/BN Bretton Woods Watson James River Cogeneration, Geothermal Cogeneration, Cogeneration Cogeneration L.P. Power L.P. Company Company Company Ownership Interest: 50% 50% 50% 49% 50% Nature/Purpose of Business: (f) (g) (h) (i) (j) Ownership Interest in (000): Assets $359 $33,874 $359 $131,034 $44,017 Revenue $0 $19,923 $0 $84,945 $26,544 Net Income (Loss) $0 $12,904 $0 $32,172 $3,647
(f) To own and operate power production facilities. (g) To own and operate the 34 MW geothermal facility located near Niland in Imperial County, California. (h) To own and operate power production facilities. (i) To own and operate the 385 MW cogeneration facility at ARCO's Los Angeles Refinery in Carson, California. (j) To own and operate the 110 MW cogeneration facility located in Hopewell, Chester County, Virginia. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Chesapeake Centerport Bay Clayville Conejo Coronado Energy Energy Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: Riverhead Delaware Oconee Del Ranch Oconee Cogeneration Clean Energy, Andy Hoch, Energy, I, L.P. Energy L.P. L.P. L.P. Project Ownership Interest: 50% 50% 50% 50% 50% Nature/Purpose of Business: (k) (l) (m) (n) (o) Ownership Interest in (000): Assets $244 $0 $0 $46,694 $0 Revenue $0 $0 $0 $18,182 $0 Net Income (Loss) ($11) $0 $0 $8,023 $0
(k) To own and operate power production facilities. (l) To own a 232 MW power production facility located in Delaware. (m) To own and operate power production facilities. (n) To own and operate the 38 MW geothermal facility located near Niland in Imperial County, California. (o) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Crescent Eastern Valley Del Mar Devereaux Sierra El Dorado Energy Energy Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: Beowawe Mid-Set Auburndale Saguaro Auburndale Geothermal Cogeneration Power Power Power Power Company Partners, L.P. Company, L.P. Partners, L.P Company Ownership Interest: 50% 50% 49% 50% 1% Nature/Purpose of Business: (p) (q) (r) (s) (t) Ownership Interest in (000): Assets $11,891 $13,564 $88,133 $56,009 $1,799 Revenue $6,006 $7,663 $23,102 $22,575 $471 Net Income (Loss) $2,526 $1,493 ($1,415) $2,408 ($29)
(p) To own and operate the 15 MW geothermal facility at the Beowawe Known Geothermal Resource Area of Eureka and Lander County, Nevada. (q) To own and operate the 38 MW cogeneration facility located in Kern County, California. (r) To own and operate a 150 MW power production facility located in Florida. (s) To own and operate the 90 MW cogeneration facility located in Henderson, Nevada. (t) To own and operate a 150 MW power production facility located in Florida. PAGE 287 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
(1) GEO East Mesa Chickahominy Holtsville Indian Bay EMP, Limited River Energy Energy Energy Inc. Partnership Corp. Company Company ============================================================================== Name of Entity: GEO East Mesa GEO Commonwealth Brookhaven Riverhead Limited East Mesa Atlantic Cogeneration, Cogeneration Partnership Electric Limited L.P. III, L.P. (1) Company Partnership Ownership Interest: 50% 100% 50% 50% 50% Nature/Purpose of Business: (u) (v) (w) (x) (y) Ownership Interest in (000): Assets $69,424 $6,339 $64,451 $1,294 $216 Revenue $23,771 ($30) $12,103 $0 $0 Net Income (Loss) $1,843 ($315) $1,311 $0 $0
(u) To own and operate geothermal facilities (53 MW) located near Holtville in Imperial Valley, California. (v) To own and operate a 13 MW geothermal facility located near Holtville in Imperial Valley, California. (w) To own a 340 MW power production facility located in Chesapeake, Virginia. (x) To own and operate power production facilities. (y) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
(2) Lehigh TEVCO/ Kingspark Lakewiew River Mission Madera Energy Energy Energy Assets Energy Company Company Company Partnership Company ============================================================================== Name of Entity: Smithtown Georgia TEVCO/ Continental Brookhaven Cogeneration, Peaker, Mission Energy Cogeneration, L.P. L.P. Assets Associates L.P. Partnership L.P. (2) Ownership Interest: 50% 50% 50% 22.5% 50% Nature/Purpose of Business: (z) (ab) (ac) (ad) (ae) Ownership Interest in (000): Assets $0 $0 $0 $0 $1,294 Revenue $0 $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0 $0
(z) To own and operate power production facilities. (ab) To own and operate power production facilities. (ac) To own limited partnership interests in power production facilities located in Maine and Pennsylvania. (ad) To own a 131 MW cogeneration facility located in Hazleton, Pennsylvania. (ae) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Mission Mission Mission Mission Madison Energy Energy Energy Energy Energy Canada Canada Oil & Gas New York, Company Corp. Corp. Company Inc. ============================================================================== Name of Entity: Gordonsville B.C. Star Mission Four Star Brooklyn Energy, Partners Interface Oil & Gas Navy Yard L.P. Partnership Company Cogeneration Partners, L.P. Ownership Interest: 49% 50% 50% 46% 50% Nature/Purpose of Business: (af) (ah) (ai) (aj) (ak) Ownership Interest in (000): Assets $109,138 $55,999 $338 $228,319 $176,304 Revenue $18,971 $13,729 $122 $69,991 $18 Net Income (Loss) $2,013 ($1,075) $29 $11,467 $0
(af) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia. (ah) To hold, acquire and operate oil, gas and mineral producing properties and leases and facilities. (ai) To own and operate power production facilities. (aj) To own an interest in the common stock of a domestic oil and gas exploration and production company. (ak) To own and operate the 286 MW power production facility located near the Brooklyn Bridge in Brooklyn, New York. PAGE 290 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Mission Northern Pleasant Triple Cycle Niguel Sierra Panther Valley Systems Energy Energy Timber Energy Company Company Company Company Company ============================================================================== Name of Entity: Triple Cycle Elmore, Sobel American American Partnership L.P. Cogeneration Kiln Bituminous Company Partners, Power L.P. Partners, L.P. Ownership Interest: 50% 50% 50% 2% .5% Nature/Purpose of Business: (al) (am) (an) (ao) (aq) Ownership Interest in (000): Assets $0 $49,872 $0 $0 $882 Revenue $0 $18,527 $0 $0 $136 Net Income (Loss) $0 $8,088 $0 $0 ($21)
(al) To own 25% interest in a partnership that has rights to a proprietary technology. (am) To own and operate the 38 MW geothermal facility located near Niland in Imperial Valley, California. (an) Currently is inactive. (ao) Currently inactive. (aq) To own and operate the 80 MW cogeneration facility located in Grant Town, West Virginia. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Mission/ Eagle Paradise Energy Energy Company Company ============================================================================== Name of Entity: Crown Vista Energy Energy, L.P. L.P. Ownership Interest: 2% 50% Nature/Purpose of Business: (ag) (ap) Ownership Interest in (000): Assets $0 $0 Revenue $0 $0 Net Income (Loss) $0 $0
(ag) To own and operate power production facilities. (ap) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Prince Prince (3) Quartz George George Hopewell Peak Rapidan Energy Energy Cogeneration, Energy Energy Company Company Inc. Company Company ============================================================================== Name of Entity: Hopewell Hopewell Hopewell Nevada Gordonsville Cogeneration Cogeneration Cogeneration Sun-Peak Energy, Limited Inc. Limited L.P. L.P. Partnership (3) Partnership Ownership Interest: 24.75% 25% 1% 50% 1% Nature/Purpose of Business: (ar) (as) (at) (au) (av) Ownership Interest in (000): Assets $44,972 $454 $1,817 $34,010 $2,227 Revenue $14,042 $142 $567 $6,993 $387 Net Income (Loss) $3,533 $36 $143 $2,353 $41
(ar) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (as) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (at) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia. (au) To own 50% of the 210 MW independent power production plant located near Las Vegas, Nevada. (av) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia. PAGE 293 Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Reeves Bay Ridgecrest Rio Escondido Riverport San Felipe Energy Energy Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: North Shore Riverhead Energia Riverhead Leathers Energy, Cogeneration del Norte, Cogeneration L.P. L.P. I, L.P. S.A. de C.V. II, L.P. Ownership Interest: 50% 50% 49% 50% 50% Nature/Purpose of Business: (aw) (ax) (ay) (az) (ba) Ownership Interest in (000): Assets $0 $244 $0 $316 $56,605 Revenue $0 $0 $0 $0 $18,260 Net Income (Loss) $0 ($11) $0 $0 $6,175
(aw) To own and operate power production facilities. (ax) To own and operate power production facilities. (ay) To own and operate power production facilities in Mexico. (az) To own and operate power production facilities. (ba) To own and operate the 38 MW geothermal facility located near Niland in Imperial Valley, California. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
San Joaquin San Juan San Pedro Santa Ana Energy Energy Energy Energy Company Company Company Company ============================================================================== Name of Entity: Midway-Sunset March Point Riverhead Riverhead Cogeneration Cogeneration Cogeneration Cogeneration Company Company II, L.P. III, L.P. L.P. Ownership Interest: 50% 50% 50% 50% Nature/Purpose of Business: (bb) (bc) (bd) (be) Ownership Interest in (000): Assets $63,708 $71,471 $316 $216 Revenue $42,745 $36,314 $0 $0 Net Income (Loss) $13,023 $9,973 $0 $0
(bb) To own and operate the 225 MW cogeneration facility located near Taft in Kern County, California. (bc) To own and operate the 140 MW cogeneration facility located in Anacortes, Washington. (bd) To own and operate power production facilities. (be) To own and operate power production facilities. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Silver Santa Clara Silverado Springs Sonoma South Coast Energy Energy Energy Geothermal Energy Company Company Company Company Company ============================================================================== Name of Entity: North Shore Coalinga Georgia Geothermal Harbor Energy, L.P. Cogeneration Peaker, Energy Cogeneration Company L.P. Partners, Company Ltd. Ownership Interest: 50% 50% 50% 5% 30% Nature/Purpose of Business: (bf) (bg) (bh) (bi) (bj) Ownership Interest in (000): Assets $0 $20,739 $0 $3,801 $15,762 Revenue $0 $8,516 $0 $1,084 $12,247 Net Income (Loss) $0 $1,576 $0 $277 $3,669
(bf) To own and operate power production facilities. (bg) To own and operate the 38 MW cogeneration facility located in Fresno County, California. (bh) To own and operate power production facilities. (bi) To own and operate the 20 MW geothermal facility located in Cloverdale, California. (bj) To own and operate the 80 MW cogeneration facility at the Wilmington Oil Field located in Los Angeles, California. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Southern Southern Western Sierra Sierra Viejo Vista Sierra Energy Gas Energy Energy Energy Company Company Company Company Company ============================================================================== Name of Entity: Kern River TM Star Sargent Vista Sycamore Cogeneration Fuel Canyon Energy, L.P Cogeneration Company Company Cogeneration Company Company Ownership Interest: 50% 50% 50% 50% 50% Nature/Purpose of Business: (bk) (bl) (bn) (bo) (bp) Ownership Interest in (000): Assets $67,012 $993 $21,292 $0 $81,446 Revenue $67,042 $9,308 $6,842 $0 $71,571 Net Income (Loss) $23,508 $1,505 $620 $0 $25,502
(bk) To own and operate the 300 MW Kern River ("Omar Hill") cogeneration facility at Texaco's Kern River Oil Field located near Bakersfield, California. (bl) To own an 50% interest in a domestic oil and gas exploration and production company. (bn) To own and operate the 38 MW cogeneration facility located in Monterey County, California. (bo) To own and operate power production facilities. (bp) To own and operate the 300 MW cogeneration facility located at Texaco's Kern River Oil Field near Bakersfield, California. Edison Mission Energy and Subsidiaries Equity Investments December 31, 1995
Thorofare Edison Energy Mission Company Energy ============================================================================== Name of Entity: Crown N/A Energy L.P. Ownership Interest: 48% N/A Nature/Purpose of Business: (bm) (bq) Ownership Interest in (000): Assets $0 $4,749 Revenue $0 $0 Net Income (Loss) $0 $0
(bm) To own and operate power production facilities. (bq) Represents goodwill resulting from the acquisition of an entity having a partnership interest as its sole asset. The goodwill is being amortized over a twenty-seven year period. N/A Not Applicable Hanover Energy Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Chicahominy Hanover River Energy Consolidating Engy. Co. Company Adjustments ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ---------------------------------------------------- Construction work in progress Nuclear fuel, at amortized ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $10,819 $7,801 ($7,801) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 10,819 7,801 (7,801) ---------------------------------------------------- Cash and equivalents 71 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 57 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets 128 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS $10,947 $7,801 ($7,801) ====================================================
PAGE 299 Hanover Energy Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ---------------------------------------------------- Construction work in progress Nuclear fuel, at amortized ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $10,819 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 10,819 ---------------------------------------------------- Cash and equivalents 71 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 57 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets 128 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ---------------------------------------------------- Total deferred charges ---------------------------------------------------- TOTAL ASSETS $10,947 ====================================================
Hanover Energy Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Chicahominy Hanover River Energy Consolidating Energy Corp. Company Adjustments ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $8,460 $7,759 ($8,445) Retained earnings (660) 41 644 ----------------------------------------------------- 7,800 7,800 (7,801) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ----------------------------------------------------- Total capitalization 7,800 7,800 (7,801) ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (330) 1 Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ----------------------------------------------------- Total current liabilities (330) 1 ----------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits 3,477 Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits 3,477 ----------------------------------------------------- Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $10,947 $7,801 ($7,801) =====================================================
Hanover Energy Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $7,774 Retained earnings 25 ----------------------------------------------------- 7,799 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ----------------------------------------------------- Total capitalization 7,799 ----------------------------------------------------- Other long-term liabilities ----------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (329) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ----------------------------------------------------- Total current liabilities (329) ----------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits 3,477 Customer advances and other deferred credits ----------------------------------------------------- Total deferred credits 3,477 ----------------------------------------------------- Minority interest ----------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES $10,947 =====================================================
Hanover Energy Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Chicahominy Hanover River Energy Consolidating Energy Corp. Company Adjustments ============================================================================================================ Electric utility revenue Diversified operations $1,519 ----------------------------------------------------- Total operating revenue 1,519 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning 126 Income taxes 200 $1 Property and other taxes ----------------------------------------------------- Total operating expenses 1,011 1 ----------------------------------------------------- Operating income 508 (1) ----------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interst income Minority interest Taxes on nonoperating income 16 Other nonoperating income - net (40) ----------------------------------------------------- Total other income (deductions) - net (24) ----------------------------------------------------- Income before interest and other expenses 484 (1) ----------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ----------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------- NET INCOME $484 ($1) Retained Earnings - beginning of year (442) (442) 442 Dividends declared on common stock (702) 484 202 ----------------------------------------------------- Retained Earnings - end of year ($660) $41 644 =====================================================
Hanover Energy Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Hanover Energy Company Consolidated ============================================================================================================ Electric utility revenue Diversified operations $1,519 ----------------------------------------------------- Total operating revenue 1,519 ----------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 685 Maintenance Depreciation and decommissioning 126 Income taxes 201 Property and other taxes ----------------------------------------------------- Total operating expenses 1,012 ----------------------------------------------------- Operating income 507 ----------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interst income Minority interest Taxes on nonoperating income 16 Other nonoperating income - net (40) ----------------------------------------------------- Total other income (deductions) - net (24) ----------------------------------------------------- Income before interest and other expenses 483 ----------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ----------------------------------------------------- Total interest and other expenses - net ----------------------------------------------------- NET INCOME $483 Retained Earnings - beginning of year (442) Dividends declared on common stock (16) ----------------------------------------------------- Retained Earnings - end of year $25 =====================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Energy Energy Oil & Gas Petroleum Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $110,523 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 110,523 ------------------------------------------------------ Cash and equivalents 163 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 21 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets ------------------------------------------------------ Total current assets 184 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $110,707 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Mission Pocono Sierra Energy Fuels Gas Fuel Company Company Company ============================================================================================================ ASSETS (Inactive) ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $187 $121,278 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 187 121,278 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets $403 ------------------------------------------------------ Total current assets 403 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS $403 $187 $121,278 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Consolidating Fuel Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning ------------------------------------------------------ Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries ($4,995) $226,993 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (4,995) 226,993 ------------------------------------------------------ Cash and equivalents 163 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 21 Fuel inventory Materials and supplies, at average cost Regulatory balancing accounts - net Prepayments and other current assets 403 ------------------------------------------------------ Total current assets 587 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS ($4,995) $227,580 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Energy Energy Oil & Gas Petroleum Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $119,290 Retained earnings 1,988 ($4) ------------------------------------------------------ 121,278 (4) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 121,278 (4) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (10,440) (1) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,617 ------------------------------------------------------ Total current liabilities (8,823) (1) ------------------------------------------------------ Accumulated deferred income taxes - net (1,748) 5 Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (1,748) 5 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $110,707 $0 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Southern Mission Pocono Sierra Energy Fuels Gas Fuel Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES (Inactive) ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $1,637 $90,572 Retained earnings 541 $1,005 32,414 ------------------------------------------------------ 2,178 1,005 122,986 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization 2,178 1,005 122,986 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (2,336) (796) (1,634) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (2,336) (796) (1,634) ------------------------------------------------------ Accumulated deferred income taxes - net 561 (22) (74) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits 561 (22) (74) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES $403 $187 $121,278 ======================================================
Mission Energy Fuel Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Consolidating Fuel Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital ($5,868) $205,631 Retained earnings 873 36,817 ------------------------------------------------------ (4,995) 242,448 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Preferred Stock of Limited Partnership Long-term debt ------------------------------------------------------ Total capitalization (4,995) 242,448 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (15,207) Accrued taxes Accrued interest Dividends payable Accumulated deferred income taxes - net Deferred unbilled revenue and other 1,617 ------------------------------------------------------ Total current liabilities (13,590) ------------------------------------------------------ Accumulated deferred income taxes - net (1,278) Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits (1,278) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES ($4,995) $227,580 ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Energy Energy Oil & Gas Petroleum Company Company ============================================================================================================ Electric utility revenue Diversified operations $14,483 ------------------------------------------------------ Total operating revenue 14,483 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 910 Maintenance Depreciation and decommissioning 5,188 Income taxes 2,763 $1 Property and other taxes ------------------------------------------------------ Total operating expenses 8,861 1 ------------------------------------------------------ Operating income 5,622 (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other nonoperating income - net 1 ------------------------------------------------------ Total other income (deductions) - net 1 ------------------------------------------------------ Income before interest and other expenses 5,623 (1) ------------------------------------------------------ Interest on long-term debt 315 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 315 ------------------------------------------------------ NET INCOME $5,308 ($1) Retained Earnings - beginning of year (1,702) (3) Dividends declared on common stock (1,618) 0 ----------------------------------------------------- Retained Earnings - end of year $1,988 ($4) ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Southern Mission Pocono Sierra Energy Fuels Gas Fuel Company Company Company ============================================================================================================ (Inactive) Electric utility revenue Diversified operations $1,512 ------------------------------------------------------ Total operating revenue 1,512 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance Depreciation and decommissioning Income taxes $3 279 $(10) Property and other taxes ------------------------------------------------------ Total operating expenses 3 279 (10) ------------------------------------------------------ Operating income (3) 1,233 10 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 87 Minority interest Taxes on nonoperatiang income (35) Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 52 ------------------------------------------------------ Income before interest and other expenses 49 1,233 10 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME $49 $1,233 $10 Retained Earnings - beginning of year 490 457 (901) Dividends declared on common stock 2 (685) 33,305 ----------------------------------------------------- Retained Earnings - end of year $541 $1,005 $32,414 ======================================================
Mission Energy Fuel Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Energy Consolidating Fuel Company Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ($1.908) $14,087 ------------------------------------------------------ Total operating revenue (1,908) 14,087 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 686 1,596 Maintenance Depreciation and decommissioning 5,188 Income taxes (4,498) (1,462) Property and other taxes ------------------------------------------------------ Total operating expenses (3,812) 5,322 ------------------------------------------------------ Operating income 1,904 8,765 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 87 Minority interest Taxes on nonoperating income (35) Other nonoperating income - net 1 ------------------------------------------------------ Total other income (deductions) - net 53 ------------------------------------------------------ Income before interest and other expenses 1,904 8,818 ------------------------------------------------------ Interest on long-term debt 315 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 315 ------------------------------------------------------ NET INCOME $1,904 $8,503 Retained Earnings - beginning of year (597) (2,256) Dividends declared on common stock (434) 30,570 ----------------------------------------------------- Retained Earnings - end of year $873 $36,817 ======================================================
PAGE MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Latrobe Loy Yang Development Power Holdings Company Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,444,125 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 $6,325 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 5,956 1,444,125 6,325 ----------------------------------------------------- Cash and equivalents 2,731 21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 11,093 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 445 ----------------------------------------------------- Total current assets 14,269 21 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 46,849 ----------------------------------------------------- Total deferred charges 6 46,849 ----------------------------------------------------- TOTAL ASSETS 5,962 1,505,243 6,346 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC Columbia Esenyurt IES B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,289 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 1,289 ----------------------------------------------------- Cash and equivalents $25 373 $25 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 177 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 25 550 25 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2 2,366 2 ----------------------------------------------------- Total deferred charges 2 2,366 2 ----------------------------------------------------- TOTAL ASSETS 27 4,205 27 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC India Indo Coal Indonesia B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $18,243 $32,682 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 18,243 32,682 ----------------------------------------------------- Cash and equivalents $25 56 179 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 25 56 179 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 179 324 ----------------------------------------------------- Total deferred charges 6 179 324 ----------------------------------------------------- TOTAL ASSETS 31 18,478 33,185 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC International Laguna MEC Holdings Power Mission B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $658 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 658 ----------------------------------------------------- Cash and equivalents 24 $23 $25 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 24 23 25 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (2) 1 2 ----------------------------------------------------- Total deferred charges (2) 1 2 ----------------------------------------------------- TOTAL ASSETS 680 24 27 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC San Perth Priolo Pascual B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $69,639 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $11,067 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 69.639 11,067 ----------------------------------------------------- Cash and equivalents 23 2,123 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 763 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ----------------------------------------------------- Total current assets 23 2,886 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3,329 91 $1 ----------------------------------------------------- Total deferred charges 3,329 91 1 ----------------------------------------------------- TOTAL ASSETS 72,991 14,044 1 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MEC MEC Energy Turkey Wales Asia B.V. B.V. Pte Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,042,430 $573 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 1,042,430 573 ----------------------------------------------------- Cash and equivalents $25 64,298 68 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 69,490 680 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,243 222 ----------------------------------------------------- Total current assets 25 135,031 970 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2 324,743 361 ----------------------------------------------------- Total deferred charges 2 324,743 361 ----------------------------------------------------- TOTAL ASSETS 27 1,502,204 1,904 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Mission Energy Energy Energy Company Holdings Italia (UK) Ltd. Pty. Ltd. s.r.l. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $181,578 $166 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 13,219 $5 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 194,797 166 5 ----------------------------------------------------- Cash and equivalents 20,202 408 28 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6,157 634 5 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,959 ----------------------------------------------------- Total current assets 29,318 1,042 33 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,979 599 7 ----------------------------------------------------- Total deferred charges 21,979 599 7 ----------------------------------------------------- TOTAL ASSETS 246,094 1,807 45 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Traralgon MEC Pride Hold Power International Ltd. Pty. Ltd. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $157,896 $2,459 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $130,173 416,395 Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments 157,896 130,173 418,854 ----------------------------------------------------- Cash and equivalents 14,591 2,964 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6,769 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ----------------------------------------------------- Total current assets 24,150 2,964 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 364 ----------------------------------------------------- Total deferred charges 21,500 364 ----------------------------------------------------- TOTAL ASSETS 203,546 130,173 422,182 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC International Consolidating B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ----------------------------------------------------- Total utility plant ----------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $(157,892) $2,742,263 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (997,299) (362,576) Investments in leveraged leases Other investments ----------------------------------------------------- Total other property and investments (1,155,191) 2,379,687 ----------------------------------------------------- Cash and equivalents (14,554) 93,682 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (6,781) 88,988 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (2,760) 4,899 ----------------------------------------------------- Total current assets (24,095) 187,569 ----------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (26,772) 395,939 ----------------------------------------------------- Total deferred charges (26,772) 395,939 ----------------------------------------------------- TOTAL ASSETS (1,206,058) 2,963,195 =====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Latrobe Loy Yang Development Power Holdings Company Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consoldiated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $1 Retained earnings $215 10,438 $5,871 ---------------------------------------------------- 215 10,439 5,871 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 718,005 2,851 ---------------------------------------------------- Total capitalization 215 728,444 8,722 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 5,668 11,224 (1) Accrued taxes 79 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 5,747 11,224 (1) ---------------------------------------------------- Accumulated deferred income taxes - net 3,789 103 Accumulated deferred investment tax credits Customer advances and other deferred credits 1,377 (121) ---------------------------------------------------- Total deferred credits 5,166 (18) ---------------------------------------------------- Minority interest 760,409 (2,357) ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 5,962 1,505,243 6,346 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC Columbia Esenyurt IES B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 $182 $25 Additional Paid in Capital Retained earnings (8) ---------------------------------------------------- 26 174 25 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 3,508 ---------------------------------------------------- Total capitalization 26 3,682 25 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 2 542 2 Accrued taxes (4) (0) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 2 538 2 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (1) (28) ---------------------------------------------------- Total deferred credits (1) (28) ---------------------------------------------------- Minority interest 13 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 27 4,205 27 ====================================================
PAGE 324 MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC India Indo Coal Indonesia B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $25 $21 Additional Paid in Capital 18,700 33,108 Retained earnings (5) (153) 32 ---------------------------------------------------- 18 18,572 33,161 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 18 18,572 33,161 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 16 4 23 Accrued taxes (3) (83) 10 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 13 (79) 33 ---------------------------------------------------- Accumulated deferred income taxes - net (9) Accumulated deferred investment tax credits Customer advances and other deferred credits (15) ---------------------------------------------------- Total deferred credits (15) (9) ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 31 18,478 33,185 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC International Laguna MEC Holdings Power Mission B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22 $23 $26 Additiona Paid in Capital 662 Retained earnings (12) (7) (0) ---------------------------------------------------- 672 16 26 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 672 16 26 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 18 12 2 Accrued taxes (9) (4) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 9 8 2 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (1) (1) ---------------------------------------------------- Total deferred credits (1) (1) ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 680 24 27 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC San Perth Priolo Pascual B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $21 $23 Additional Paid in Capital 13,522 Retained earnings (7) (48) (6) ---------------------------------------------------- 16 13,495 17 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 67,255 ---------------------------------------------------- Total capitalization 67,271 13,495 17 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 5,724 576 (13) Accrued taxes (4) (27) (3) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 5,720 549 (16) ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 72,991 14,044 1 ====================================================
PAGE 327 MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MEC MEC Energy Turkey Wales Asia B.V. B.V. Pte Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 $26 $215 Additional Paid in Capital 454,966 Retained earnings 11,471 16 ---------------------------------------------------- 26 466,463 231 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 621,400 ---------------------------------------------------- Total capitalization 26 1,087,863 231 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 2 61,668 1,606 Accrued taxes 9,297 45 Accrued interest 3,755 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 2 74,720 1,651 ---------------------------------------------------- Accumulated deferred income taxes - net 311,943 Accumulated deferred investment tax credits Customer advances and other deferred credits (1) 27,678 22 ---------------------------------------------------- Total deferred credits (1) 339,621 22 ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 27 1,502,204 1,904 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Mission Energy Energy Energy Company Holdings Italia (UK) Ltd. Pty. Ltd. s.r.l. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22,750 $4 Additional Paid in Capital 3,108 Retained earnings 5,231 $51 1 ---------------------------------------------------- 31,089 51 5 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 161,271 ---------------------------------------------------- Total capitalization 192,360 51 5 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 17,806 44 Short-term debt Accounts payable 16,962 1,601 28 Accrued taxes 366 3 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 41,326 1,645 31 ---------------------------------------------------- Accumulated deferred income taxes - net 9,335 19 Accumulated deferred investment tax credits Customer advances and other deferred credits 737 92 9 ---------------------------------------------------- Total deferred credits 10,072 111 9 ---------------------------------------------------- Minority interest 2,336 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 246,094 1,807 45 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Traralgon MEC Pride Hold Power International Ltd. Pty.Ltd. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $22,861 Additional Paid in Capital $153 386,152 Retained earnings 10,616 $(3,152) 3,567 ---------------------------------------------------- 10,769 (3,152) 412,580 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 130,173 ---------------------------------------------------- Total capitalization 150,673 127,021 412,580 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock 23,014 8,159 Short-term debt Accounts payable 6,004 (1) 1,172 Accrued taxes 342 399 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 35,552 (1) 9,730 ---------------------------------------------------- Accumulated deferred income taxes - net 9,302 3,167 (128) Accumulated deferred investment tax credits Customer advances and other deferred credits 5,778 (14) ---------------------------------------------------- Total deferred credits 15,080 3,153 (128) ---------------------------------------------------- Minority interest 2,241 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 203,546 130,173 422,182 ====================================================
MEC International B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC International Consolidating B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(23,436) $22,886 Additional Paid In Capital (524,246) 386,126 Retained earnings (12,597) 31,514 ---------------------------------------------------- (560,279) 440,526 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (455,583) 1,388,784 ---------------------------------------------------- Total capitalization (1,015,862) 1,829,310 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock (23,014) 26,009 Short-term debt Accounts payable (34,164) 78,677 Accrued taxes (346) 10,058 Accrued interest (6,192) 9,947 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other 28,437 28,437 ---------------------------------------------------- Total current liabilities (35,279) 153,128 ---------------------------------------------------- Accumulated deferred income taxes - net (9,150) 328,371 Accumulated deferred investment tax credits Customer advances and other deferred credits (13,279) 22,232 ---------------------------------------------------- Total deferred credits (22,429) 350,603 ---------------------------------------------------- Minority interest (132,488) 630,154 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES (1,206,058) 2,963,195 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Asia Power Latrobe Loy Yang Development Power Holdings Pty. Ltd. Pty. Ltd. Pty. Ltd. Consolidated Consolidated Consolidated ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $8 20,223 $(3) Maintenance Depreciation and decommissioning 22,902 Income taxes (3) 9,642 (1) Property and other taxes ---------------------------------------------------- Total operating expenses 5 82,483 (4) ---------------------------------------------------- Operating income (5) 83,177 4 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 141 Minority interest (47,347) Taxes on nonoperating income (82) (51) Other - net ---------------------------------------------------- Total other income (deductions) - net 220 (47,257) ---------------------------------------------------- Income before interest and other expenses 215 35,920 4 ---------------------------------------------------- Interest on long-term debt 66,830 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (47,663) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME 215 16,753 4 Retained Earnings - beginning of year (6,315) 5,867 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 215 10,438 5,871 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC Columbia Esenyurt IES B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $12 Maintenance Depreciation and decommissioning 0 Income taxes (4) Property and other taxes ---------------------------------------------------- Total operating expenses 8 ---------------------------------------------------- Operating income (8) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ---------------------------------------------------- Total other income (deductions) - net ---------------------------------------------------- Income before interest and other expenses (8) ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (8) Retained Earnings - beginning of year Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (8) ====================================================
PAGE 333 MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC India Indo Coal Indonesia B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $10 $2 $22 Maintenance Depreciation and decommissioning 264 55 Income taxes (4) (93) (27) Property and other taxes ---------------------------------------------------- Total operating expenses 6 173 50 ---------------------------------------------------- Operating income (6) (173) (50) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 15 107 Minority interest Taxes on nonoperating income (5) (37) Other - net 1 10 ---------------------------------------------------- Total other income (deductions) - net 1 20 70 ---------------------------------------------------- Income before interest and other expenses (5) (153) 20 ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (5) (153) 20 Retained Earnings - beginning of year 12 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (5) (153) 32 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC International Laguna MEC Holdings Power Mission B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $19 $11 Maintenance Depreciation and decommissioning (1) Income taxes (8) (4) Property and other taxes ---------------------------------------------------- Total operating expenses 10 7 ---------------------------------------------------- Operating income (10) (7) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1 Minority interest Taxes on nonoperating income Other - net (1) ---------------------------------------------------- Total other income (deductions) - net ---------------------------------------------------- Income before interest and other expenses (10) (7) ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (10) (7) Retained Earnings - beginning of year (2) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (12) (7) ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC San Perth Priolo Pascual B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $10 $23 $9 Maintenance Depreciation and decommissioning 1 17 Income taxes (4) (14) (3) Property and other taxes ---------------------------------------------------- Total operating expenses 7 26 6 ---------------------------------------------------- Operating income (7) (26) (6) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 Minority interest Taxes on nonoperating income (1) Other - net (31) ---------------------------------------------------- Total other income (deductions) - net (30) ---------------------------------------------------- Income before interest and other expenses (7) (56) (6) ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (7) (56) (6) Retained Earnings - beginning of year 8 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (7) (48) (6) ====================================================
PAGE 336 MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission MEC MEC Energy Turkey Wales Asia B.V. B.V. Pte Ltd. ============================================================================================================ Electric utility revenue $40,853 Diversified operations $5,091 ---------------------------------------------------- Total operating revenue 40,853 5,091 ---------------------------------------------------- Fuel 7,699 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 5,922 4,127 Maintenance Depreciation and decommissioning 1,775 121 Income taxes 6,427 322 Property and other taxes 1,262 ---------------------------------------------------- Total operating expenses 23,085 4,570 ---------------------------------------------------- Operating income 17,768 521 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 256 Minority interest Taxes on nonoperating income (84) Other - net ---------------------------------------------------- Total other income (deductions) - net 172 ---------------------------------------------------- Income before interest and other expenses 17,940 521 ---------------------------------------------------- Interest on long-term debt 6,469 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 6,469 ---------------------------------------------------- NET INCOME 11,471 521 Retained Earnings - beginning of year (505) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 11,471 16 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Mission Mission Energy Energy Energy Company Holdings Italia (UK) Ltd. Pty. Ltd. s.r.l. ============================================================================================================ Electric utility revenue $90,688 Diversified operations 13,233 $2,038 $69 ---------------------------------------------------- Total operating revenue 103,921 2,038 69 ---------------------------------------------------- Fuel 41,693 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 32,016 1,626 65 Maintenance Depreciation and decommissioning 9,662 284 Income taxes 1,383 (240) 3 Property and other taxes 2,396 ---------------------------------------------------- Total operating expenses 87,150 1,670 68 ---------------------------------------------------- Operating income 16,772 368 1 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2,053 96 Minority interest (996) Taxes on nonoperating income (677) (35) Other - net 1,342 ---------------------------------------------------- Total other income (deductions) - net 1,722 61 ---------------------------------------------------- Income before interest and other expenses 18,493 429 1 ---------------------------------------------------- Interest on long-term debt 17,991 Other interest expense 14 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 17,991 14 ---------------------------------------------------- NET INCOME 502 415 1 Retained Earnings - beginning of year 4,729 (364) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 5,231 51 1 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Traralgon MEC Pride Hold Power International Ltd. Pty. Ltd. B.V. ============================================================================================================ Electric utility revenue $90,688 Diversified operations 2,006 $(516) ---------------------------------------------------- Total operating revenue 92,694 (516) ---------------------------------------------------- Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 20,087 211 Maintenance Depreciation and decommissioning 7,752 395 Income taxes 1,224 $4,379 (675) Property and other taxes 1,918 ---------------------------------------------------- Total operating expenses 72,727 4,379 (69) ---------------------------------------------------- Operating income 19,967 (4,379) (447) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,846 2,445 Minority interest Taxes on nonoperating income (609) (856) Other - net 1,384 99 ---------------------------------------------------- Total other income (deductions) - net 2,621 1,688 ---------------------------------------------------- Income before interest and other expenses 22,588 (4,379) 1,241 ---------------------------------------------------- Interest on long-term debt 17,618 745 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 17,618 745 ---------------------------------------------------- NET INCOME 4,970 (4,379) 496 Retained Earnings - beginning of year 8,605 1,227 3,071 Dividends declared on common stock (2,959) ---------------------------------------------------- Retained Earnings - end of year 10,616 (3,152) 3,567 ====================================================
MEC International B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC International Consolidating B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue $(90,688) $297,201 Diversified operations (19,254) 2,667 ---------------------------------------------------- Total operating revenue (109,942) 299,868 ---------------------------------------------------- Fuel (41,692) 79,162 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (22,334) 62,066 Maintenance Depreciation and decommissioning (7,743) 35,484 Income taxes (4,325) 17,975 Property and other taxes (1,914) 3,662 ---------------------------------------------------- Total operating expenses (78,008) 198,349 ---------------------------------------------------- Operating income (31,934) 101,519 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (4,219) 3,045 Minority interest (48,343) Taxes on nonoperating income 1,180 (1,257) Other - net 14,480 17,284 ---------------------------------------------------- Total other income (deductions) - net 11,441 (29,271) ---------------------------------------------------- Income before interest and other expenses (20,493) 72,248 ---------------------------------------------------- Interest on long-term debt (19,881) 89,772 Other interest expense (14) Allowance for borrowed funds used during construction Capitalized interest (47,663) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net (19,895) 42,109 ---------------------------------------------------- NET INCOME (598) 30,139 Retained Earnings - beginning of year (14,958) 1,375 Dividends declared on common stock 2,959 ---------------------------------------------------- Retained Earnings - end of year (12,597) 31,514 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 5,956 ---------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges $2 $2 2 ---------------------------------------------------- Total deferred charges 2 2 2 ---------------------------------------------------- TOTAL ASSETS 2 2 5,958 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 5,956 ---------------------------------------------------- Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ---------------------------------------------------- Total current assets ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 ---------------------------------------------------- Total deferred charges 6 ---------------------------------------------------- TOTAL ASSETS 5,962 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(2) $(2) $219 ---------------------------------------------------- (2) (2) 219 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 0 0 ---------------------------------------------------- Total capitalization (2) (2) 219 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5 5 5,658 Accrued taxes (1) (1) 81 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 4 4 5,739 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 2 2 5,958 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $215 ---------------------------------------------------- 215 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ---------------------------------------------------- Total capitalization 215 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5,668 Accrued taxes 79 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 5,747 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ---------------------------------------------------- Total deferred credits ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 5,962 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 $2 Maintenance Depreciation and decommissioning Income taxes (1) (1) (1) Property and other taxes ---------------------------------------------------- Total operating expenses 2 2 1 ---------------------------------------------------- Operating income (2) (2) (1) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 Minority interest Taxes on nonoperating income (82) Other - net ---------------------------------------------------- Total other income (deductions) - net 220 ---------------------------------------------------- Income before interest and other expenses (2) (2) 219 ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME (2) (2) 219 Retained Earnings - beginning of year Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (2) (2) 219 ====================================================
MEC International B.V. Asia Power Development Company Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ---------------------------------------------------- Total operating revenue ---------------------------------------------------- Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $8 Maintenance Depreciation and decommissioning Income taxes (3) Property and other taxes ---------------------------------------------------- Total operating expenses 5 ---------------------------------------------------- Operating income (5) ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 Minority interest Taxes on nonoperating income (82) Other - net ---------------------------------------------------- Total other income (deductions) - net 220 ---------------------------------------------------- Income before interest and other expenses 215 ---------------------------------------------------- Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net ---------------------------------------------------- NET INCOME 215 Retained Earnings - beginning of year Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 215 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $11,628 $1,297,724 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $273,862 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 273,862 11,628 1,297,724 ---------------------------------------------------- Cash and equivalents 1,877 462 392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (517) 11,610 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 351 94 ---------------------------------------------------- Total current assets 1,877 296 12,096 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 175,883 5,754 ---------------------------------------------------- Total deferred charges 175,883 5,754 ---------------------------------------------------- TOTAL ASSETS 275,739 187,807 1,315,574 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $134,773 $1,444,125 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $145,842 (419,704) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 145,842 (284,931) 1,444,125 ---------------------------------------------------- Cash and equivalents 2,731 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 11,093 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 445 ---------------------------------------------------- Total current assets 14,269 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (134,788) 46,849 ---------------------------------------------------- Total deferred charges (134,788) 46,849 ---------------------------------------------------- TOTAL ASSETS 145,842 (419,719) 1,505,243 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $285,003 $(273,147) $1,079,030 Retained earnings 74 (117,478) 234,809 ---------------------------------------------------- 285,077 (390,625) 1,313,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 568,920 ---------------------------------------------------- Total capitalization 285,077 178,295 1,313,839 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (3,180) 3,588 10,817 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (3,180) 3,588 10,817 ---------------------------------------------------- Accumulated deferred income taxes - net 0 Accumulated deferred investment tax credits Customer advances and other deferred credits (6,158) 5,924 (9,082) ---------------------------------------------------- Total deferred credits (6,158) 5,924 (9,082) ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 275,739 187,807 1,315,574 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(1,090,885) $1 Retained earnings $(3,807) (103,160) 10,438 ---------------------------------------------------- (3,807) (1,194,045) 10,439 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 145,842 3,243 718,005 ---------------------------------------------------- Total capitalization 142,035 (1,190,802) 728,444 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (1) 11,224 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (0) (1) 11,224 ---------------------------------------------------- Accumulated deferred income taxes - net 3,804 (15) 3,789 Accumulated deferred investment tax credits Customer advances and other deferred credits 3 10,690 1,377 ---------------------------------------------------- Total deferred credits 3,807 10,675 5,166 ---------------------------------------------------- Minority interest 760,409 760,409 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 145,842 (419,719) 1,505,243 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1,439 18,668 Maintenance Depreciation and decommissioning 12,832 10,070 Income taxes Property and other taxes ---------------------------------------------------- Total operating expenses 14,271 58,454 ---------------------------------------------------- Operating income (14,271) 107,206 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income $116 25 Minority interest 1 Taxes on nonoperating income (42) Other - net ---------------------------------------------------- Total other income (deductions) - net 74 25 1 ---------------------------------------------------- Income before interest and other expenses 74 (14,246) 107,207 ---------------------------------------------------- Interest on long-term debt 19,167 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME 74 (33,413) 107,207 Retained Earnings - beginning of year (84,065) 127,602 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 74 (117,478) 234,809 ====================================================
MEC International B.V. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $116 20,223 Maintenance Depreciation and decommissioning 22,902 Income taxes $5,162 4,480 9,642 Property and other taxes ---------------------------------------------------- Total operating expenses 5,162 4,596 82,483 ---------------------------------------------------- Operating income (5,162) (4,596) 83,177 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 141 Minority interest (47,348) (47,347) Taxes on nonoperating income (9) (51) Other - net ---------------------------------------------------- Total other income (deductions) - net (47,357) (47,257) ---------------------------------------------------- Income before interest and other expenses (5,162) (51,953) 35,920 ---------------------------------------------------- Interest on long-term debt 47,663 66,830 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (47,663) (47,663) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME (5,162) (51,953) 16,753 Retained Earnings - beginning of year 1,355 (51,207) (6,315) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (3,807) (103,160) 10,438 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Mission Mission Energy Power Energy Ventures Pty. Ltd. Australia Australia Consolidated Pty. Ltd. Pty. Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $1,444,125 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $3,537 $3,752 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 1,444,125 3,537 3,752 ---------------------------------------------------- Cash and equivalents 2,731 21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 11,093 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 445 ---------------------------------------------------- Total current assets 14,269 21 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 46,849 ---------------------------------------------------- Total deferred charges 46,849 ---------------------------------------------------- TOTAL ASSETS 1,505,243 3,558 3,752 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Loy Yang Traralgon Holdings Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $(1,444,125) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $130,173 (131,137) $6,325 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 130,173 (1,575,262) 6,325 ---------------------------------------------------- Cash and equivalents (2,731) 21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,093) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (445) ---------------------------------------------------- Total current assets (14,269) 21 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (46,849) ---------------------------------------------------- Total deferred charges (46,849) ---------------------------------------------------- TOTAL ASSETS 130,173 (1,636,380) 6,346 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Mission Mission Energy Power Energy Ventures Pty. Ltd. Australia Australia Consolidated Pty. Ltd. Pty. Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paiad in Capital Retained earnings $10,437 $6,258 $195 ---------------------------------------------------- 10,437 6,258 195 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 718,005 3,752 ---------------------------------------------------- Total capitalization 728,442 6,258 3,947 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 11,226 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities 11,226 ---------------------------------------------------- Accumulated deferred income taxes - net 3,789 196 91 Accumulated deferred investment tax credits 0 Customer advances and other deferred credits 1,377 (2,896) (286) ---------------------------------------------------- Total deferred credits 5,166 (2,700) (195) ---------------------------------------------------- Minority interest 760,409 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 1,505,243 3,558 3,752 ====================================================
PAGE 355 MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Loy Yang Traralgon Holdings Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(3,152) $(7,867) $5,871 ---------------------------------------------------- (3,152) (7,867) 5,871 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,173 (849,079) 2,851 ---------------------------------------------------- Total capitalization 127,021 (856,946) 8,722 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (1) (11,226) (1) Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (1) (11,226) (1) ---------------------------------------------------- Accumulated deferred income taxes - net 3,167 (7,140) 103 Accumulated deferred investment tax credits Customer advances and other deferred credits (14) 1,698 (121) ---------------------------------------------------- Total deferred credits 3,153 (5,442) (18) ---------------------------------------------------- Minority interest (762,766) (2,357) ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 130,173 (1,636,380) 6,346 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Energy Latrobe Energy Ventures Power Australia Australia Pty. Ltd. Pty. Ltd. Pty. Ltd. ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 20,223 $(264) $(263) Maintenance Depreciation and decommissioning 22,902 Income taxes 9,642 67 94 Property and other taxes ---------------------------------------------------- Total operating expenses 82,483 (197) (169) ---------------------------------------------------- Operating income 83,177 197 169 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 141 4 0 Minority interest Taxes on nonoperating income (51) (1) 0 Other net (47,348) 0 ---------------------------------------------------- Total other income (deductions) - net (47,258) 3 0 ---------------------------------------------------- Income before interest and other expenses 35,919 200 169 ---------------------------------------------------- Interest on long-term debt 66,830 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (47,663) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME 16,752 200 169 Retained Earnings - beginning of year (6,315) 6,058 26 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 10,437 6,258 195 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Loy Yang Traralgon Holdings Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $(165,660) Diversified operations ---------------------------------------------------- Total operating revenue (165,660) ---------------------------------------------------- Fuel (29,716) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (19,699) $(3) Maintenance Depreciation and decommissioning (22,902) Income taxes $4,379 (14,183) (1) Property and other taxes ---------------------------------------------------- Total operating expenses 4,379 (86,500) (4) ---------------------------------------------------- Operating income (4,379) (79,160) 4 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (145) Minority interest Taxes on nonoperating income 52 Other - net 47,348 ---------------------------------------------------- Total other income (deductions) - net 47,255 ---------------------------------------------------- Income before interest and other expenses (4,379) (31,905) 4 ---------------------------------------------------- Interest on long-term debt (66,830) Other interest expense Allowance for borrowed funds used during construction Capitalized interest 47,663 Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net (19,167) ---------------------------------------------------- NET INCOME (4,379) (12,738) 4 Retained Earnings - beginning of year 1,227 4,871 5,867 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (3,152) (7,867) 5,871 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $11,628 $1,297,724 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $273,862 Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 273,862 11,628 1,297,724 ---------------------------------------------------- Cash and equivalents 1,877 462 392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (517) 11,610 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 351 94 ---------------------------------------------------- Total current assets 1,877 296 12,096 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 175,883 5,754 ---------------------------------------------------- Total deferred charges 175,883 5,754 ---------------------------------------------------- TOTAL ASSETS 275,739 187,807 1,315,574 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ---------------------------------------------------- Total utility plant ---------------------------------------------------- Nonutility property - net of accumulated provision for depreciation $134,773 $1,444,125 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $145,842 (419,704) Investments in leveraged leases Other investments ---------------------------------------------------- Total other property and investments 145,842 (284,931) 1,444,125 ---------------------------------------------------- Cash and equivalents 2,731 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 11,093 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 445 ---------------------------------------------------- Total current assets 14,269 ---------------------------------------------------- Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (134,788) 46,849 ---------------------------------------------------- Total deferred charges (134,788) 46,849 ---------------------------------------------------- TOTAL ASSETS 145,842 (419,719) 1,505,243 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $285,002 $(273,147) $1,079,031 Retained earnings 74 (117,478) 234,808 ---------------------------------------------------- 285,076 (390,625) 1,313,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 568,920 ---------------------------------------------------- Total capitalization 285,076 178,295 1,313,839 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable (3,179) 3,588 10,817 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (3,179) 3,588 10,817 ---------------------------------------------------- Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (6,158) 5,924 (9,082) ---------------------------------------------------- Total deferred credits (6,158) 5,924 (9,082) ---------------------------------------------------- Minority interest ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 275,739 187,807 1,315,574 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(1,090,887) Retained earnings $(3,807) (103,160) $10,437 ---------------------------------------------------- (3,807) (1,194,047) 10,437 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 145,842 3,243 718,005 ---------------------------------------------------- Total capitalization 142,035 (1,190,804) 728,442 ---------------------------------------------------- Other long-term liabilities ---------------------------------------------------- Current portion of long-term debt Short-term debt Accounts payable 1 11,226 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ---------------------------------------------------- Total current liabilities (0) 1 11,226 ---------------------------------------------------- Accumulated deferred income taxes - net 3,804 (15) 3,789 Accumulated deferred investment tax credits Customer advances and other deferred credits 3 10,690 1,377 ---------------------------------------------------- Total deferred credits 3,807 10,675 5,166 ---------------------------------------------------- Minority interest 760,409 760,409 ---------------------------------------------------- TOTAL CAPITALIZATION AND LIABILITIES 145,842 (419,719) 1,505,243 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1,439 18,668 Maintenance Depreciation and decommissioning 12,832 10,070 Income taxes Property and other taxes ---------------------------------------------------- Total operating expenses 14,271 58,454 ---------------------------------------------------- Operating income (14,271) 107,206 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income $116 25 Minority interest Taxes on nonoperating income (42) Other - net ---------------------------------------------------- Total other income (deductions) - net 74 25 ---------------------------------------------------- Income before interest and other expenses 74 (14,246) 107,206 ---------------------------------------------------- Interest on long-term debt 19,167 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME 74 (33,413) 107,206 Retained Earnings - beginning of year (84,065) 127,602 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 74 (117,478) 234,808 ====================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Latrobe Power Pty. Ltd. Consolidating Income Statement For The Year Ended December 31, 1995 (In thousands)
Latrobe Latrobe Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $165,660 Diversified operations ---------------------------------------------------- Total operating revenue 165,660 ---------------------------------------------------- Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $116 20,223 Maintenance Depreciation and decommissioning 22,902 Income taxes $5,162 4,480 9,642 Property and other taxes ---------------------------------------------------- Total operating expenses 5,162 4,596 82,483 ---------------------------------------------------- Operating income (5,162) (4,596) 83,177 ---------------------------------------------------- Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 141 Minority interest Taxes on nonoperating income (9) (51) Other - net (47,348) (47,348) ---------------------------------------------------- Total other income (deductions) - net (47,357) (47,258) ---------------------------------------------------- Income before interest and other expenses (5,162) (51,953) 35,919 ---------------------------------------------------- Interest on long-term debt 47,663 66,830 Other interest expense Allowance for borrowed funds used during construction Capitalized interest (47,663) (47,663) Dividends on subsidiary preferred securities ---------------------------------------------------- Total interest and other expenses - net 19,167 ---------------------------------------------------- NET INCOME (5,162) (51,953) 16,752 Retained Earnings - beginning of year 1,355 (51,207) (6,315) Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (3,807) (103,160) 10,437 ====================================================
PAGE MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Latrobe Australia Power Loy Yang B Ltd. Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $11,628 $1,297,724 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $3,537 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 3,537 11,628 1,297,724 ------------------------------------------------------ Cash and equivalents 21 462 392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (517) 11,610 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 351 94 ------------------------------------------------------ Total current assets 21 296 12,096 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 175,883 5,754 ------------------------------------------------------ Total deferred charges 175,883 5,754 ------------------------------------------------------ TOTAL ASSETS 3,558 187,807 1,315,574 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $(1,309,352) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $3,537 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1,309,352) 3,537 ------------------------------------------------------ Cash and equivalents (854) 21 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,093) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (445) ------------------------------------------------------ Total current assets (12,392) 21 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (181,637) ------------------------------------------------------ Total deferred charges (181,637) ------------------------------------------------------ TOTAL ASSETS (1,503,381) 3,558 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Latrobe Australia Power Loy Yang B Ltd. Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(273,147) $1,079,031 Retained earnings $6,258 (117,478) 234,808 ------------------------------------------------------ 6,258 (390,625) 1,313,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 568,920 ------------------------------------------------------ Total capitalization 6,258 178,295 1,313,839 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 3,588 10,817 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3,588 10,817 ------------------------------------------------------ Accumulated deferred income taxes - net 196 Accumulated deferred investment tax credits Customer advances and other deferred credits (2,896) 5,924 (9,082) ------------------------------------------------------ Total deferred credits (2,700) 5,924 (9,082) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 3,558 187,807 1,315,574 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(805,884) Retained earnings (117,330) $6,258 ------------------------------------------------------ (923,214) 6,258 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (568,920) ------------------------------------------------------ Total capitalization (1,492,134) 6,258 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (14,405) Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (14,405) ------------------------------------------------------ Accumulated deferred income taxes - net 196 Accumulated deferred investment tax credits Customer advances and other deferred credits 3,158 (2,896) ------------------------------------------------------ Total deferred credits 3,158 (2,700) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (1,503,381) 3,558 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Energy Latrobe Australia Power Loy Yang B Ltd. Partnership Joint Venture ============================================================================================================ Electric utility revenue $165,660 Diversified operations ------------------------------------------------------ Total operating revenue 165,660 ------------------------------------------------------ Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $(263) $1,439 18,668 Maintenance Depreciation and decommissioning 12,832 10,070 Income taxes 67 Property and other taxes ------------------------------------------------------ Total operating expenses (196) 14,271 58,454 ------------------------------------------------------ Operating income 196 (14,271) 107,206 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 4 25 Minority interest Taxes on nonoperating income (1) Other - net ------------------------------------------------------ Total other income (deductions) - net 3 25 ------------------------------------------------------ Income before interest and other expenses 199 (14,246) 107,206 ------------------------------------------------------ Interest on long-term debt 19,167 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 19,167 ------------------------------------------------------ NET INCOME 199 (33,413) 107,206 Retained Earnings - beginning of year 6,059 (84,065) 127,602 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 6,258 (117,478) 234,808 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Edison Mission Energy Australia Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Energy Australia Consolidating Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $(165,660) Diversified operations ------------------------------------------------------ Total operating revenue (165,660) ------------------------------------------------------ Fuel (29,716) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (20,108) $(264) Maintenance Depreciation and decommissioning (22,902) Income taxes 67 Property and other taxes ------------------------------------------------------ Total operating expenses (72,726) (197) ------------------------------------------------------ Operating income (92,934) 197 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (25) 4 Minority interest Taxes on nonoperating income (1) Other - net ------------------------------------------------------ Total other income (deductions) - net (25) 3 ------------------------------------------------------ Income before interest and other expenses (92,959) 200 ------------------------------------------------------ Interest on long-term debt (19,167) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (19,167) ------------------------------------------------------ NET INCOME (73,792) 200 Retained Earnings - beginning of year (43,538) 6,058 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (117,330) 6,258 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $11,628 $1,297,724 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $273,862 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 273,862 11,628 1,297,724 ------------------------------------------------------ Cash and equivalents 1,877 462 392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (517) 11,610 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 351 94 ------------------------------------------------------ Total current assets 1,877 296 12,096 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 175,883 5,754 ------------------------------------------------------ Total deferred charges 175,883 5,754 ------------------------------------------------------ TOTAL ASSETS 275,739 187,807 1,315,574 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Ventures Consolidating Australia Adjustments Pty. Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $(1,309,352) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (270,110) $3,752 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1,579,462) 3,752 ------------------------------------------------------ Cash and equivalents (2,731) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,093) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (445) ------------------------------------------------------ Total current assets (14,269) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (181,637) ------------------------------------------------------ Total deferred charges (181,637) ------------------------------------------------------ TOTAL ASSETS (1,775,368) 3,752 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $285,003 $(273,147) $1,079,031 Retained earnings 116 (117,478) 234,808 ------------------------------------------------------ 285,119 (390,625) 1,313,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 568,920 ------------------------------------------------------ Total capitalization 285,119 178,295 1,313,839 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (3,181) 3,588 10,817 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (3,181) 3,588 10,817 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (6,199) 5,924 (9,082) ------------------------------------------------------ Total deferred credits (6,199) 5,924 (9,082) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 275,739 187,807 1,315,574 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Ventures Consolidating Australia Adjustments Pty. Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(1,090,887) Retained earnings (117,251) $195 ------------------------------------------------------ (1,208,138) 195 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (565,168) 3,752 ------------------------------------------------------ Total capitalization (1,773,306) 3,947 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (11,224) Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (11,224) ------------------------------------------------------ Accumulated deferred income taxes - net 91 91 Accumulated deferred investment tax credits Customer advances and other deferred credits 9,071 (286) ------------------------------------------------------ Total deferred credits 9,162 (195) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (1,775,368) 3,752 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $165,660 Diversified operations ------------------------------------------------------ Total operating revenue 165,660 ------------------------------------------------------ Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1,439 18,668 Maintenance Depreciation and decommissioning 12,832 10,070 Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses 14,271 58,454 ------------------------------------------------------ Operating income (14,271) 107,206 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income $116 25 Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 116 25 ------------------------------------------------------ Income before interest and other expenses 116 (14,246) 107,206 ------------------------------------------------------ Interest on long-term debt 19,167 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 19,167 ------------------------------------------------------ NET INCOME 116 (33,413) 107,206 Retained Earnings - beginning of year (84,065) 127,602 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year 116 (117,478) 234,808 ======================================================
MEC International B.V. Loy Yang Holdings Pty. Ltd. Mission Energy Ventures Australia Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Energy Ventures Consolidating Australia Adjustments Pty. Ltd. ============================================================================================================ Electric utility revenue $(165,660) Diversified operations ------------------------------------------------------ Total operating revenue (165,660) ------------------------------------------------------ Fuel (29,716) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (20,370) $(263) Maintenance Depreciation and decommissioning (22,902) Income taxes 94 94 Property and other taxes ------------------------------------------------------ Total operating expenses (72,894) (169) ------------------------------------------------------ Operating income (92,766) 169 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (141) Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net (141) ------------------------------------------------------ Income before interest and other expenses (92,907) 169 ------------------------------------------------------ Interest on long-term debt (19,167) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (19,167) ------------------------------------------------------ NET INCOME (73,740) 169 Retained Earnings - beginning of year (43,511) 26 Dividends declared on common stock ---------------------------------------------------- Retained Earnings - end of year (117,251) 195 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $11,628 $1,297,724 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $273,862 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 273,862 11,628 1,297,724 ------------------------------------------------------ Cash and equivalents 1,877 462 392 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (517) 11,610 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 351 94 ------------------------------------------------------ Total current assets 1,877 296 12,096 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 175,883 5,754 ------------------------------------------------------ Total deferred charges 175,883 5,754 ------------------------------------------------------ TOTAL ASSETS 275,739 187,807 1,315,574 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $(1,309,352) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $130,173 (273,862) $130,173 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 130,173 (1,583,214) 130,173 ------------------------------------------------------ Cash and equivalents (2,731) Receivables, including unbilled revenue, net of allowance for uncollectible accounts (11,093) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (445) ------------------------------------------------------ Total current assets (14,269) ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (181,637) ------------------------------------------------------ Total deferred charges (181,637) ------------------------------------------------------ TOTAL ASSETS 130,173 (1,779,120) 130,173 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $285,003 $(273,147) $1,079,031 Retained earnings 116 (117,478) 234,808 ------------------------------------------------------ 285,119 (390,625) 1,313,839 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 568,920 ------------------------------------------------------ Total capitalization 285,119 178,295 1,313,839 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (3,181) 3,588 10,817 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (3,181) 3,588 10,817 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (6,199) 5,924 (9,082) ------------------------------------------------------ Total deferred credits (6,199) 5,924 (9,082) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 275,739 187,807 1,315,574 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital $(1,090,887) Retained earnings $(3,170) (117,428) $(3,152) ------------------------------------------------------ (3,170) (1,208,315) (3,152) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 130,173 (568,920) 130,173 ------------------------------------------------------ Total capitalization 127,003 (1,777,235) 127,021 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (11,225) (1) Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (11,225) (1) ------------------------------------------------------ Accumulated deferred income taxes - net 3,167 3,167 Accumulated deferred investment tax credits Customer advances and other deferred credits 3 9,340 (14) ------------------------------------------------------ Total deferred credits 3,170 9,340 3,153 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 130,173 (1,779,120) 130,173 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Latrobe Victoria Power Loy Yang B Partnership Partnership Joint Venture ============================================================================================================ Electric utility revenue $165,660 Diversified operations ------------------------------------------------------ Total operating revenue 165,660 ------------------------------------------------------ Fuel 29,716 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $1,439 18,668 Maintenance Depreciation and decommissioning 12,832 10,070 Income taxes Property and other taxes ------------------------------------------------------ Total operating expenses 14,271 58,454 ------------------------------------------------------ Operating income (14,271) 107,206 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income $116 25 Minority interest Other nonoperating income - net ------------------------------------------------------ Total other income (deductions) - net 116 25 ------------------------------------------------------ Income before interest and other expenses 116 (14,246) 107,206 ------------------------------------------------------ Interest on long-term debt 19,167 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 19,167 ------------------------------------------------------ NET INCOME 116 (33,413) 107,206 Retained Earnings - beginning of year (84,065) 127,602 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 116 (117,478) 234,808 ======================================================
MEC International B.V. Traralgon Power Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Traralgon Traralgon Power Power Consolidating Pty. Ltd. Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $(165,660) Diversified operations ------------------------------------------------------ Total operating revenue (165,660) ------------------------------------------------------ Fuel (29,716) Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (20,107) Maintenance Depreciation and decommissioning (22,902) Income taxes $4,379 $4,379 Property and other taxes ------------------------------------------------------ Total operating expenses 4,379 (72,725) 4,379 ------------------------------------------------------ Operating income (4,379) (92,935) (4,379) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (141) Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net (141) ------------------------------------------------------ Income before interest and other expenses (4,379) (93,076) (4,379) ------------------------------------------------------ Interest on long-term debt (19,167) Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (19,167) ------------------------------------------------------ NET INCOME (4,379) (73,909) (4,379) Retained Earnings - beginning of year 1,209 (43,519) 1,227 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (3,170) (117,428) (3,152) ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development MEC MEC Company Columbia Esenyurt Consolidated B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,289 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,956 1,289 ------------------------------------------------------ Cash and equivalents $25 373 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 177 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (0) ------------------------------------------------------ Total current assets 25 550 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 2 2,366 ------------------------------------------------------ Total deferred charges 6 2 2,366 ------------------------------------------------------ TOTAL ASSETS 5,962 27 4,205 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC IES India Indo Coal B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $18,243 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 18,243 ------------------------------------------------------ Cash and equivalents $25 $25 56 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 25 25 56 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2 6 179 ------------------------------------------------------ Total deferred charges 2 6 179 ------------------------------------------------------ TOTAL ASSETS 27 31 18,478 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC Indonesia Laguna Power Mission B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $32,682 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 32,682 ------------------------------------------------------ Cash and equivalents 179 $23 $25 Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 179 23 25 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 324 1 2 ------------------------------------------------------ Total deferred charges 324 1 2 ------------------------------------------------------ TOTAL ASSETS 33,185 24 27 ======================================================
PAGE 385 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC Perth Priolo San Pascual B.V. B.V. B.V. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $69,639 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $11,067 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 69,639 11,067 ------------------------------------------------------ Cash and equivalents 23 2,123 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 763 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 23 2,886 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 3,329 91 $1 ------------------------------------------------------ Total deferred charges 3,329 91 1 ------------------------------------------------------ TOTAL ASSETS 72,991 14,044 1 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MEC MEC Energy Turkey Wales Italia B.V. B.V. s.r.l. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $5 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5 ------------------------------------------------------ Cash and equivalents $25 $25 28 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 5 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 25 25 33 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 2 34 7 ------------------------------------------------------ Total deferred charges 2 34 7 ------------------------------------------------------ TOTAL ASSETS 27 59 45 ======================================================
PAGE 387 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission China Ningbo Holdings Holdings Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges $2 $2 ------------------------------------------------------ Total deferred charges 2 2 ------------------------------------------------------ TOTAL ASSETS 2 2 ======================================================
PAGE 388 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC International Consolidating Holdings B.V. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $(70,933) Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (67,290) $658 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (138,223) 658 ------------------------------------------------------ Cash and equivalents (2,931) 24 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (945) Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets (3,876) 24 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (6,358) (2) ------------------------------------------------------ Total deferred charges (6,358) (2) ------------------------------------------------------ TOTAL ASSETS (148,457) 680 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development MEC MEC Company Columbia Esenyurt Consolidated B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 $182 Additional Paid in Capital Retained earnings $215 (0) (8) ------------------------------------------------------ 215 26 174 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 3,508 ------------------------------------------------------ Total capitalization 215 26 3,682 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 5,668 2 542 Accrued taxes 79 (4) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,747 2 538 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (1) (28) ------------------------------------------------------ Total deferred credits (1) (28) ------------------------------------------------------ Minority interest 13 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 5,962 27 4,205 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC IES India Indo Coal B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25 $23 $25 Additional Paid in Capital 18,700 Retained earnings (5) (153) ------------------------------------------------------ 25 18 18,572 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 25 18 18,572 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 2 16 4 Accrued taxes (3) (83) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2 13 (79) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (15) ------------------------------------------------------ Total deferred credits (15) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 27 31 18,478 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC Indonesia Laguna Power Mission B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $21 $23 $26 Additional Paid in Capital 33,108 Retained earnings 32 (7) ------------------------------------------------------ 33,161 16 26 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 33,161 16 26 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 23 12 2 Accrued taxes 10 (4) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 33 8 2 ------------------------------------------------------ Accumulated deferred income taxes - net (9) Accumulated deferred investment tax credits Customer advances and other deferred credits (1) ------------------------------------------------------ Total deferred credits (9) (1) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 33,185 24 27 ======================================================
PAGE 392 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC MEC MEC San Perth Priolo Pascual B.V. B.V. B.V. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $23 $21 $23 Additional Paid in Capital 13,522 Retained earnings (7) (48) (6) ------------------------------------------------------ 16 13,495 17 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 67,255 ------------------------------------------------------ Total capitalization 67,271 13,495 17 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 5,724 576 (13) Accrued taxes (4) (27) (3) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,720 549 (16) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 72,991 14,044 1 ======================================================
PAGE 393 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission MEC MEC Energy Turkey Wales Italia B.V. B.V. s.r.l. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $26 $26 $4 Additional Paid in Capital Retained earnings (1) 1 ------------------------------------------------------ 26 25 5 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 26 25 5 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 2 36 28 Accrued taxes (1) 3 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2 35 31 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits (1) (1) 9 ------------------------------------------------------ Total deferred credits (1) (1) 9 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 27 59 45 ======================================================
PAGE 394 MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission China Ningbo Holdings Holdings Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(2) $(2) ------------------------------------------------------ (2) (2) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (2) (2) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 5 5 Accrued taxes (1) (1) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4 4 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 2 2 ======================================================
MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
MEC International Consolidating Holdings B.V. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(452) $22 Additional Paid in Capital (64,668) 662 Retained earnings (21) (12) ------------------------------------------------------ (65,141) 672 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (70,763) ------------------------------------------------------ Total capitalization (135,904) 672 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (12,616) 18 Accrued taxes 30 (9) Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (12,586) 9 ------------------------------------------------------ Accumulated deferred income taxes - net 9 Accumulated deferred investment tax credits Customer advances and other deferred credits 37 (1) ------------------------------------------------------ Total deferred credits 46 (1) ------------------------------------------------------ Minority interest (13) ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (148,457) 680 ======================================================
MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Asia Power Development MEC MEC Company Columbia Esenyurt Consolidated B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $8 $12 Maintenance Depreciation and decommissioning Income taxes (3) (4) Property and other taxes 0 ------------------------------------------------------ Total operating expenses 5 8 ------------------------------------------------------ Operating income (5) (8) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 Minority interest Taxes on nonoperating income (82) Other - net ------------------------------------------------------ Total other income (deductions) - net 220 ------------------------------------------------------ Income before interest and other expenses 215 (8) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 215 (8) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 215 (8) ======================================================
MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC IES India Indo Coal B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $10 $2 Maintenance Depreciation and decommissioning 264 Income taxes (4) (93) Property and other taxes ------------------------------------------------------ Total operating expenses 6 173 ------------------------------------------------------ Operating income (6) (173) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 15 Minority interest Taxes on nonoperating income (5) Other - net 1 10 ------------------------------------------------------ Total other income (deductions) - net 1 20 ------------------------------------------------------ Income before interest and other expenses (5) (153) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (5) (153) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (5) (153) ======================================================
MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC Indonesia Laguna Power Mission B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $22 $11 Maintenance Depreciation and decommissioning 55 Income taxes (27) (4) Property and other taxes ------------------------------------------------------ Total operating expenses 50 7 ------------------------------------------------------ Operating income (50) (7) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 107 Minority interest Taxes on nonoperating income (37) Other - net ------------------------------------------------------ Total other income (deductions) - net 70 ------------------------------------------------------ Income before interest and other expenses 20 (7) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 20 (7) Retained Earnings - beginning of year 12 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 32 (7) ======================================================
PAGE 399 MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC MEC Perth Priolo San Pascual B.V. B.V. B.V. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $10 $23 $9 Maintenance Depreciation and decommissioning 1 17 Income taxes (4) (14) (3) Property and other taxes ------------------------------------------------------ Total operating expenses 7 26 6 ------------------------------------------------------ Operating income (7) (26) (6) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 Minority interest Taxes on nonoperating income (1) Other - net (31) ------------------------------------------------------ Total other income (deductions) - net (30) ------------------------------------------------------ Income before interest and other expenses (7) (56) (6) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (7) (56) (6) Retained Earnings - beginning of year 8 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (7) (48) (6) ======================================================
PAGE 400 MEC International Holdings B.V. Consolidating Income Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC MEC Mission Turkey Wales Energy Italia B.V. B.V. s.r.l. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $(1) Maintenance Depreciation and decommissioning $2 Income taxes (1) Property and other taxes ------------------------------------------------------ Total operating expenses 1 (1) ------------------------------------------------------ Operating income (1) 1 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (1) 1 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (1) 1 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (1) 1 ======================================================
PAGE 401 MEC International Holdings B.V. Consolidating Income Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission China Ningbo Holdings Holdings Company Company ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 Maintenance Depreciation and decommissioning Income taxes (1) (1) Property and other taxes ------------------------------------------------------ Total operating expenses 2 2 ------------------------------------------------------ Operating income (2) (2) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income Minority interest Taxes on nonoperating income Other - net ------------------------------------------------------ Total other income (deductions) - net ------------------------------------------------------ Income before interest and other expenses (2) (2) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (2) (2) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (2) (2) ======================================================
MEC International Holdings B.V. Consolidating Income Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
MEC International Consolidating Holdings B.V. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $(93) $19 Maintenance Depreciation and decommissioning (340) (1) Income taxes 151 (8) Property and other taxes ------------------------------------------------------ Total operating expenses (282) 10 ------------------------------------------------------ Operating income 282 (10) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (426) Minority interest Taxes on nonoperating income 126 1 Other - net 19 (1) ------------------------------------------------------ Total other income (deductions) - net (281) ------------------------------------------------------ Income before interest and other expenses 1 (10) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 1 (10) Retained Earnings - beginning of year (22) (2) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (21) (12) ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,956 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges $2 2 2 ------------------------------------------------------ Total deferred charges 2 2 2 ------------------------------------------------------ TOTAL ASSETS 2 2 5,958 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $5,956 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 5,956 ------------------------------------------------------ Cash and equivalents Receivables, including unbilled revenue, net of allowance for uncollectible accounts Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 6 ------------------------------------------------------ Total deferred charges 6 ------------------------------------------------------ TOTAL ASSETS 5,962 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(2) $(2) $219 ------------------------------------------------------ (2) (2) 219 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (2) (2) 219 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 5 5 5,658 Accrued taxes (1) (1) 81 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 4 4 5,739 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 2 2 5,958 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Balance Sheet December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $215 ------------------------------------------------------ 215 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 215 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 5,668 Accrued taxes 79 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 5,747 ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits ------------------------------------------------------ Total deferred credits ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 5,962 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Asia China Ningbo Power Holdings Holdings Development Company Company Company ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $3 $3 $2 Maintenance Depreciation and decommissioning Income taxes (1) (1) (1) Property and other taxes ------------------------------------------------------ Total operating expenses 2 2 1 ------------------------------------------------------ Operating income (2) (2) (1) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 Minority interest Taxes on nonoperating income (82) Other - net ------------------------------------------------------ Total other income (deductions) - net 220 ------------------------------------------------------ Income before interest and other expenses (2) (2) 219 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (2) (2) 219 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (2) (2) 219 ======================================================
MEC International B.V. MEC International Holdings B.V. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Asia Power Development Consolidating Company Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses Maintenance $8 Depreciation and decommissioning Income taxes (3) Property and other taxes ------------------------------------------------------ Total operating expenses 5 ------------------------------------------------------ Operating income (5) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 302 Minority interest Taxes on nonoperating income (82) Other - net ------------------------------------------------------ Total other income (deductions) - net 220 ------------------------------------------------------ Income before interest and other expenses 215 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 215 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 215 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Energy Mission Energy Services Hydro Limited Limited (UK) Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,403 $3 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1,403 3 ------------------------------------------------------ Cash and equivalents 1,744 346 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 485 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 680 (74) ------------------------------------------------------ Total current assets 2,424 757 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 72 ------------------------------------------------------ Total deferred charges 72 ------------------------------------------------------ TOTAL ASSETS 3,899 760 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Pride Mission Energy (No. 2) Hold Ltd. Company Limited Consolidated (UK) Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $157,896 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $15,653 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 157,896 15,653 ------------------------------------------------------ Cash and equivalents 14,591 3,521 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 6,769 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ------------------------------------------------------ Total current assets 24,150 3,521 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 41,680 ------------------------------------------------------ Total deferred charges 21,500 41,680 ------------------------------------------------------ TOTAL ASSETS 203,546 60,854 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Company Consolidating (UK) Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $22,276 $181,578 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries (2,434) 13,219 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 19,842 194,797 ------------------------------------------------------ Cash and equivalents 20,202 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (1,098) 6,156 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets (436) 2,960 ------------------------------------------------------ Total current assets (1,534) 29,318 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges (41,273) 21,979 ------------------------------------------------------ Total deferred charges (41,273) 21,979 ------------------------------------------------------ TOTAL ASSETS (22,965) 246,094 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Energy Mission Energy Services Hydro Limited Limited (UK) Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $739 $84 ------------------------------------------------------ 739 84 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 739 84 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable 3,255 634 Accrued taxes (19) 43 Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 3,236 677 ------------------------------------------------------ Accumulated deferred income taxes - net 33 Accumulated deferred investment tax credits Customer advances and other deferred credits (109) (1) ------------------------------------------------------ Total deferred credits (76) (1) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 3,899 760 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Pride Mission Energy (No. 2) Hold Ltd. Company Limited Consolidated (UK) Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $25,858 Additional Paid in Capital $153 Retained earnings 10,616 (1,178) ------------------------------------------------------ 10,769 24,680 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 31,847 ------------------------------------------------------ Total capitalization 150,673 56,527 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 23,014 Short-term debt Accounts payable 6,004 1,403 Accrued taxes 342 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 35,552 1,403 ------------------------------------------------------ Accumulated deferred income taxes - net 9,302 Accumulated deferred investment tax credits Customer advances and other deferred credits 5,778 2,924 ------------------------------------------------------ Total deferred credits 15,080 2,924 ------------------------------------------------------ Minority interest 2,241 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 203,546 60,854 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Energy Company Consolidating (UK) Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(3,108) $22,750 Additional Paid in Capital 2,955 3,108 Retained earnings (5,030) 5,231 ------------------------------------------------------ (5,183) 31,089 Preferred stock: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt (10,480) 161,271 ------------------------------------------------------ Total capitalization (15,663) 192,360 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock (5,208) 17,806 Short-term debt Accounts payable 5,666 16,962 Accrued taxes 366 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 458 41,326 ------------------------------------------------------ Accumulated deferred income taxes - net 9,335 Accumulated deferred investment tax credits Customer advances and other deferred credits (7,855) 737 ------------------------------------------------------ Total deferred credits (7,855) 10,072 ------------------------------------------------------ Minority interest 95 2,336 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (22,965) 246,094 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1995 (In thousands)
Edison Mission Mission Energy Mission Energy Services Hydro Limited Limited (UK) Ltd. ============================================================================================================ Electric utility revenue Diversified operations $12,825 $2,666 ------------------------------------------------------ Total operating revenue 12,825 2,666 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 11,280 2,628 Maintenance Depreciation and decommissioning 614 1 Income taxes 213 (3) Property and other taxes 482 ------------------------------------------------------ Total operating expenses 12,589 2,626 ------------------------------------------------------ Operating income 236 40 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 31 20 Minority interest Taxes on nonoperating income (16) (7) Other - net (4) ------------------------------------------------------ Total other income (deductions) - net 11 13 ------------------------------------------------------ Income before interest and other expenses 247 53 ------------------------------------------------------ Interest on long-term debt Other interest expense 13 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 13 ------------------------------------------------------ NET INCOME 247 40 Retained Earnings - beginning of year 492 44 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 739 84 ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1995 (In thousands)
Mission Pride Mission Energy (No. 2) Hold Ltd. Company Limited Consolidated (UK) Ltd. ============================================================================================================ Electric utility revenue $90,688 Diversified operations 2,006 ------------------------------------------------------ Total operating revenue 92,694 ------------------------------------------------------ Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 20,087 $18 Maintenance Depreciation and decommissioning 7,752 1,304 Income taxes 1,224 (685) Property and other taxes 1,918 ------------------------------------------------------ Total operating expenses 72,727 637 ------------------------------------------------------ Operating income 19,967 (637) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,846 2,064 Minority interest Taxes on nonoperating income (609) (681) Other - net 1,384 ------------------------------------------------------ Total other income (deductions) - net 2,621 1,383 ------------------------------------------------------ Income before interest and other expenses 22,588 746 ------------------------------------------------------ Interest on long-term debt 17,618 2,265 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 17,618 2,265 ------------------------------------------------------ NET INCOME 4,970 (1,519) Retained Earnings - beginning of year 8,605 341 Dividends declared on common stock (2,959) ------------------------------------------------------ Retained Earnings - end of year 10,616 (1,178) ======================================================
MEC International B.V. Mission Energy Company (UK) Limited Consolidating Statements of Income and Retained Earnings For the Year Ended December 31, 1995 (In thousands)
Mission Energy Company Consolidating (UK) Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $90,688 Diversified operations $(4,264) 13,233 ------------------------------------------------------ Total operating revenue (4,264) 103,921 ------------------------------------------------------ Fuel (53) 41,693 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses (1,997) 32,016 Maintenance 0 Depreciation and decommissioning (9) 9,662 Income taxes 634 1,383 Property and other taxes (4) 2,396 ------------------------------------------------------ Total operating expenses (1,429) 87,150 ------------------------------------------------------ Operating income (2,835) 16,771 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income (1,908) 2,053 Minority interest (996) (996) Taxes on nonoperating income 636 (677) Other - net (38) 1,342 ------------------------------------------------------ Total other income (deductions) - net (2,306) 1,722 ------------------------------------------------------ Income before interest and other expenses (5,141) 18,493 ------------------------------------------------------ Interest on long-term debt (1,892) 17,991 Other interest expense (13) Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net (1,905) 17,991 ------------------------------------------------------ NET INCOME (3,236) 502 Retained Earnings - beginning of year (4,753) 4,729 Dividends declared on common stock 2,959 ------------------------------------------------------ Retained Earnings - end of year (5,030) 5,231 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $157,896 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1 157,896 ------------------------------------------------------ Cash and equivalents 14 14,577 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2 6,654 $193 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ------------------------------------------------------ Total current assets 16 24,021 193 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 ------------------------------------------------------ Total deferred charges 21,500 ------------------------------------------------------ TOTAL ASSETS 17 203,417 193 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $157,896 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $(1) Investments in leveraged leases Other investments 0 ------------------------------------------------------ Total other property and investments (1) 157,896 ------------------------------------------------------ Cash and equivalents (0) 14,591 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (80) 6,769 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ------------------------------------------------------ Total current assets (80) 24,150 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 ------------------------------------------------------ Total deferred charges 21,500 ------------------------------------------------------ TOTAL ASSETS (81) 203,546 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 Additional Paid in Capital $153 Retained earnings 161 12,329 $188 ------------------------------------------------------ 314 12,330 188 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 ------------------------------------------------------ Total capitalization 314 152,234 188 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 23,014 Short-term debt Accounts payable (295) 13,458 16 Accrued taxes 342 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (295) 43,006 16 ------------------------------------------------------ Accumulated deferred income taxes - net 9,302 Accumulated deferred investment tax credits Customer advances and other deferred credits (2) (1,125) (11) ------------------------------------------------------ Total deferred credits (2) 8,177 (11) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 17 203,417 193 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(1) Additional Paid in Capital 0 $153 Retained earnings (2,062) 10,616 ------------------------------------------------------ (2,063) 10,769 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 ------------------------------------------------------ Total capitalization (2,063) 150,673 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 23,014 Short-term debt Accounts payable (7,175) 6,004 Accrued taxes 342 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (7,175) 35,552 ------------------------------------------------------ Accumulated deferred income taxes - net 9,302 Accumulated deferred investment tax credits Customer advances and other deferred credits 6,916 5,778 ------------------------------------------------------ Total deferred credits 6,916 15,080 ------------------------------------------------------ Minority interest 2,241 2,241 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (81) 203,546 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ Electric utility revenue $90,688 Diversified operations $2,006 ------------------------------------------------------ Total operating revenue 2,006 90,688 ------------------------------------------------------ Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,015 18,067 $5 Maintenance Depreciation and decommissioning 7,752 Income taxes (1) 1,228 (3) Property and other taxes 1,918 ------------------------------------------------------ Total operating expenses 2,014 70,711 2 ------------------------------------------------------ Operating income (8) 19,977 (2) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 1,844 Minority interest Taxes on nonoperating income (1) (608) Other - net 1,384 ------------------------------------------------------ Total other income (deductions) - net 1 2,620 ------------------------------------------------------ Income before interest and other expenses (7) 22,597 (2) ------------------------------------------------------ Interest on long-term debt 17,618 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 17,618 ------------------------------------------------------ NET INCOME (7) 4,979 (2) Retained Earnings - beginning of year 168 10,309 190 Dividends declared on common stock (2,959) ------------------------------------------------------ Retained Earnings - end of year 161 12,329 188 ======================================================
MEC International B.V. Mission Energy Company (U.K.) Limited Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $90,688 Diversified operations 2,006 ------------------------------------------------------ Total operating revenue 92,694 ------------------------------------------------------ Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 20,087 Maintenance Depreciation and decommissioning 7,752 Income taxes 1,224 Property and other taxes 1,918 ------------------------------------------------------ Total operating expenses 72,727 ------------------------------------------------------ Operating income 19,967 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,846 Minority interest Taxes on nonoperating income (609) Other - net 1,384 ------------------------------------------------------ Total other income (deductions) - net 2,621 ------------------------------------------------------ Income before interest and other expenses 22,588 ------------------------------------------------------ Interest on long-term debt 17,618 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 17,618 ------------------------------------------------------ NET INCOME 4,970 Retained Earnings - beginning of year $(2,062) 8,605 Dividends declared on common stock (2,959) ------------------------------------------------------ Retained Earnings - end of year (2,062) 10,616 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Energy Operation & Mission Energy Development Maintenance Holdings Australia Loy Yang Superannuation Pty. Ltd. Pty. Ltd. Fund Pty. Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments ------------------------------------------------------ Cash and equivalents $6 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 113 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 119 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges ------------------------------------------------------ Total deferred charges ------------------------------------------------------ TOTAL ASSETS 119 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Edison Mission Operation & Mission Energy Maintenance Energy (Kwinana) Kwinana Holdings Pty. Ltd. Pty. Ltd. Pty. Ltd. ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $166 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 166 ------------------------------------------------------ Cash and equivalents 402 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 521 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 923 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 599 ------------------------------------------------------ Total deferred charges 599 ------------------------------------------------------ TOTAL ASSETS 1,688 ======================================================
PAGE 426 MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Holdings Consolidating Pty. Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $166 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 166 ------------------------------------------------------ Cash and equivalents 408 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 634 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets ------------------------------------------------------ Total current assets 1,042 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 599 ------------------------------------------------------ Total deferred charges 599 ------------------------------------------------------ TOTAL ASSETS 1,807 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Mission Energy Operation & Mission Energy Development Maintenance Holdings Australia Loy Yang Superannuation Pty. Ltd. Pty. Ltd. Fund Pty. Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $1,285 ------------------------------------------------------ 1,285 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 1,285 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt Short-term debt Accounts payable (1,271) Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (1,271) ------------------------------------------------------ Accumulated deferred income taxes - net Accumulated deferred investment tax credits Customer advances and other deferred credits 105 ------------------------------------------------------ Total deferred credits 105 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 119 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Edison Mission Operation & Mission Energy Maintenance Energy (Kwinana) Kwinana Holdings Pty. Ltd. Pty. Ltd. Pty. Ltd. ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $(1,234) ------------------------------------------------------ (1,234) Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization (1,234) ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 44 Short-term debt Accounts payable 2,872 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 2,916 ------------------------------------------------------ Accumulated deferred income taxes - net 19 Accumulated deferred investment tax credits Customer advances and other deferred credits (13) ------------------------------------------------------ Total deferred credits 6 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 1,688 ======================================================
PAGE 429 MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Edison Mission Energy Holdings Consolidating Pty. Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock Additional Paid in Capital Retained earnings $51 ------------------------------------------------------ 51 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt ------------------------------------------------------ Total capitalization 51 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 44 Short-term debt Accounts payable 1,601 Accrued taxes Accrued interest Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 1,645 ------------------------------------------------------ Accumulated deferred income taxes - net 19 Accumulated deferred investment tax credits Customer advances and other deferred credits 92 ------------------------------------------------------ Total deferred credits 111 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 1,807 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Mission Energy Operation & Mission Energy Development Maintenance Holdings Australia Loy Yang Superannuation Pty. Ltd. Pty. Ltd. Fund Pty. Ltd. ============================================================================================================ Electric utility revenue Diversified operations $1,996 ------------------------------------------------------ Total operating revenue 1,996 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 1,325 Maintenance Depreciation and decommissioning Income taxes (223) Property and other taxes ------------------------------------------------------ Total operating expenses 1,102 ------------------------------------------------------ Operating income 894 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 18 Minority interest Taxes on nonoperating income (6) Other - net ------------------------------------------------------ Total other income (deductions) - net 12 ------------------------------------------------------ Income before interest and other expenses 906 ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME 906 Retained Earnings - beginning of year 379 Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 1,285 ======================================================
MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Edison Mission Edison Mission Operation & Mission Energy Maintenance Energy (Kwinana) Kwinana Holdings Pty. Ltd. Pty. Ltd. Pty. Ltd. ============================================================================================================ Electric utility revenue Diversified operations ------------------------------------------------------ Total operating revenue ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses $269 Maintenance Depreciation and decommissioning 275 Income taxes (2) Property and other taxes ------------------------------------------------------ Total operating expenses 542 ------------------------------------------------------ Operating income (542) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 76 Minority interest Taxes on nonoperating income (25) Other - net ------------------------------------------------------ Total other income (deductions) - net 51 ------------------------------------------------------ Income before interest and other expenses (491) ------------------------------------------------------ Interest on long-term debt Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net ------------------------------------------------------ NET INCOME (491) Retained Earnings - beginning of year (743) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year (1,234) ======================================================
PAGE 432 MEC International B.V. Edison Mission Energy Holdings Pty. Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Energy Holdings Consolidating Pty. Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue Diversified operations $42 $2,038 ------------------------------------------------------ Total operating revenue 42 2,038 ------------------------------------------------------ Fuel Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 32 1,626 Maintenance Depreciation and decommissioning 9 284 Income taxes (15) (240) Property and other taxes ------------------------------------------------------ Total operating expenses 26 1,670 ------------------------------------------------------ Operating income 16 368 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 96 Minority interest Taxes on nonoperating income (4) (35) Other - net ------------------------------------------------------ Total other income (deductions) - net (2) 61 ------------------------------------------------------ Income before interest and other expenses 14 429 ------------------------------------------------------ Interest on long-term debt Other interest expense 14 14 Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 14 14 ------------------------------------------------------ NET INCOME 415 Retained Earnings - beginning of year (364) Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 51 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $157,896 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $1 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 1 157,896 ------------------------------------------------------ Cash and equivalents 14 14,576 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 2 6,655 $193 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ------------------------------------------------------ Total current assets 16 24,021 193 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 ------------------------------------------------------ Total deferred charges 21,500 ------------------------------------------------------ TOTAL ASSETS 17 203,417 193 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $157,896 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $(1) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1) 157,896 ------------------------------------------------------ Cash and equivalents 14,590 Receivables, including unbilled revenue, net of allowance for uncollectible accounts (80) 6,770 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 2,790 ------------------------------------------------------ Total current assets (80) 24,150 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 21,500 ------------------------------------------------------ Total deferred charges 21,500 ------------------------------------------------------ TOTAL ASSETS (81) 203,546 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $1 Additional Paid in Capital $153 Retained earnings 161 12,329 $188 ------------------------------------------------------ 314 12,330 188 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 ------------------------------------------------------ Total capitalization 314 152,234 188 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 23,014 Short-term debt Accounts payable (295) 13,458 16 Accrued taxes 342 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (295) 43,006 16 ------------------------------------------------------ Accumulated deferred income taxes - net 9,302 Accumulated deferred investment tax credits Customer advances and other deferred credits (2) (1,125) (11) ------------------------------------------------------ Total deferred credits (2) 8,177 (11) ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 17 203,417 193 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(1) Additional Paid in Capital $153 Retained earnings (2,062) 10,616 ------------------------------------------------------ (2,063) 10,769 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 139,904 ------------------------------------------------------ Total capitalization (2,063) 150,673 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock 23,014 Short-term debt Accounts payable (7,175) 6,004 Accrued taxes 342 Accrued interest 6,192 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (7,175) 35,552 ------------------------------------------------------ Accumulated deferred income taxes - net 9,302 Accumulated deferred investment tax credits Customer advances and other deferred credits 6,916 5,778 ------------------------------------------------------ Total deferred credits 6,916 15,080 ------------------------------------------------------ Minority interest 2,241 2,241 ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (81) 203,546 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Lakeland Pride Lakeland Power Hold Power Development Ltd. Ltd. Company ============================================================================================================ Electric utility revenue $90,688 Diversified operations $2,006 ------------------------------------------------------ Total operating revenue 2,006 90,688 ------------------------------------------------------ Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 2,015 18,068 $5 Maintenance Depreciation and decommissioning 7,752 Income taxes (1) 1,227 (3) Property and other taxes 1,918 ------------------------------------------------------ Total operating expenses 2,014 70,711 2 ------------------------------------------------------ Operating income (8) 19,977 (2) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 2 1,844 Minority interest Taxes on nonoperating income (1) (608) Other - net 1,384 ------------------------------------------------------ Total other income (deductions) - net 1 2,620 ------------------------------------------------------ Income before interest and other expenses (7) 22,597 (2) ------------------------------------------------------ Interest on long-term debt 17,618 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 17,618 ------------------------------------------------------ NET INCOME (7) 4,979 (2) Retained Earnings - beginning of year 168 10,309 190 Dividends declared on common stock (2,959) ------------------------------------------------------ Retained Earnings - end of year 161 12,329 188 ======================================================
MEC International B.V. Pride Hold Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Pride Hold Consolidating Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $90,688 Diversified operations 2,006 ------------------------------------------------------ Total operating revenue 92,694 ------------------------------------------------------ Fuel 41,746 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 20,088 Maintenance Depreciation and decommissioning 7,752 Income taxes 1,223 Property and other taxes 1,918 ------------------------------------------------------ Total operating expenses 72,727 ------------------------------------------------------ Operating income 19,967 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 1,846 Minority interest Taxes on nonoperating income (609) Other - net 1,384 ------------------------------------------------------ Total other income (deductions) - net 2,621 ------------------------------------------------------ Income before interest and other expenses 22,588 ------------------------------------------------------ Interest on long-term debt 17,618 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 17,618 ------------------------------------------------------ NET INCOME 4,970 Retained Earnings - beginning of year $(2,062) 8,605 Dividends declared on common stock (2,959) ------------------------------------------------------ Retained Earnings - end of year (2,062) 10,616 ======================================================
MEC International B.V. Equity Investments December 31, 1995
MEC Hydro Hydro Hydro International Energy Energy Energy B.V. B.V. B.V. B.V. ===================================================================== Name of Entity: Hydro Compania Energias Iberica Energy Mediterranea Hidraulicas de Energias B.V. de Energias S.A. S.A. S.A. Ownership Interest: 10% 100% 100% 100% Nature/Purpose of Business: (a) (a) (a) (a) Ownership Interest in (000): Assets $9,812 $36,469 $2,484 $41,412 Revenue $1,017 $5,203 $288 $4,676 Net Income (Loss) $175 $493 $83 $1,258
(a) To own hydroelectric facilities located throughout Spain. PAGE 440 MEC International B.V. Equity Investments December 31, 1995
Iberian Iberian Iberian MEC Hy-Power Hy-Power Hy-Power International Amsterdam Amsterdam Amsterdam B.V. B.V. B.V. B.V. ===================================================================== Name of Entity: Iberian Hidro Electro Hidroelectrica Hy-Power Holdings 2 Metalurgica del Cadagua Amsterdam S.A. del Elbro S.A. B.V. S.A. Ownership Interest: 34% 100% 80.1% 75% Nature/Purpose of Business: (b) (b) (b) (b) Ownership Interest in (000): Assets $70,561 $125 $75,010 $2,609 Revenue $7,790 $0 $8,115 $503 Net Income (Loss) $(1,142) ($5) $(3,582) ($27)
(b) To own hydroelectric facilities located throughout Spain. MEC International B.V. Equity Investments December 31, 1995
Iberian Iberian Iberian Iberian Hy-Power Hy-Power Hy-Power Hy-Power Amsterdam Amsterdam Amsterdam Amsterdam B.V. B.V. B.V. B.V. ==================================================================== Name of Entity: Hidroelectrica Hidroelectrica Hidroelectrica Hidroelectrica de Casillas de Olvera de Posadas de Sossis S.A. S.A. S.A. S.A. Ownership Interest: 49% 66% 100% 100% Nature/Purpose of Business: (b) (b) (b) (b) Ownership Interest in (000): Assets $202 $2,848 $348 $7,314 Revenue $0 $48 $0 $1,871 Net Income (Loss) $0 ($514) $0 $305
(b) To own hydroelectric facilities located throughout Spain. MEC International B.V. Equity Investments December 31, 1995
Iberian Iberian (1) Hy-Power MEC Hy-Power Hydro Amsterdam International Amsterdam Energy B.V. B.V. B.V. B.V. ============================================================================== Name of Entity: Saltos Iberian Hydro Compania del Porma Hy-Power Energy Mediterranea S.A. Amsterdam B.V. de Energias B.V. (1) S.A. Ownership Interest: 100% 34% 90% 100% Nature/Purpose of Business: (c) (c) (c) (c) Ownership Interest in (000): Assets $2,374 $70,561 $88,307 $36,469 Revenue $0 $7,790 $9,150 $5,203 Net Income (Loss) $0 $1,482 $1,573 $493
(c) To own hydroelectric facilities located throughout Spain. PAGE 443 MEC International B.V. Equity Investments December 31, 1995
Hydro Hydro Energy Energy B.V. B.V. ============================================================================== Name of Entity: Energias Iberica Hidraulicas de Energias S.A. S.A. Ownership Interest: 100% 100% Nature/Purpose of Business: (d) (d) Ownership Interest in (000): Assets $2,484 $41,412 Revenue $288 $4,676 Net Income (Loss) $83 $1,258
(d) To own hydroelectric facilities located throughout Spain. MEC International B.V. Equity Investments December 31, 1995
Mission MEC Energy International Company (UK) B.V. Limited =================================================================== Name of Entity: Mission Derwent Energy Cogeneration Company (UK) Company Limited Ownership Interest: 34% 33% Nature/Purpose of Business: (e) (e) Ownership Interest in (000): Assets $75,107 $75,107 Revenue $14,541 $14,541 Net Income (Loss) $(2,197) ($2,197)
(e) To own and operate a 214 power production facility in the United Kingdom MEC International B.V. Equity Investments December 31, 1995
MEC MEC MEC MEC International MEC International Indonesia International Holdings Indonesia B.V. B.V. B.V. B.V. B.V. ================================================================================ Name of Entity: MEC P.T. Paiton MEC MEC P.T.Paiton Indonesia Energy International Indonesia Energy B.V. Company Holdings B.V. Company B.V. Ownership Interest: 99% 32.5% 100% 1% 32.5% Nature/Purpose of Business: (f) (f) (f) (f) (f) Ownership Interest in (000): Assets $153,362 $154,912 $1,549 $1,549 $154,912 Revenue $0 $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0 $0
(f) To own and operate a 1,230 MW cogeneration facility located in Indonesia MEC International B.V. Equity Investments December 31, 1995
MEC MEC MEC MEC International MEC International Priolo International Holdings Priolo B.V. B.V. B.V. B.V. B.V. ============================================================================================================ Name of Entity: MEC ISAB MEC MEC ISAB Priolo Energy International Priolo Energy B.V. S.r.l. Holdings B.V. S.r.l. B.V. Ownership Interest: 99% 49% 100% 1% 49% Nature/Purpose of Business: (g) (g) (g) (g) (g) Ownership Interest in (000): Assets $11,733 $11,872 $119 $119 $11,872 Revenue $0 $0 $0 $0 $0 Net Income (Loss) $0 $0 $0 $0 $0
(g) To own and operate a 507 MW cogeneration facility located in Sicily, Italy PAGE 447 MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
First Hydro First Hydro First Hydro Finance Holdings Limited plc Company ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $681,676 $360,754 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries 699,075 $458,780 Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments 681,676 1,059,829 458,780 ------------------------------------------------------ Cash and equivalents 49,712 14,561 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 69,490 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,243 ------------------------------------------------------ Total current assets 120,445 14,561 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 12,767 311,943 ------------------------------------------------------ Total deferred charges 12,767 311,943 ------------------------------------------------------ TOTAL ASSETS 802,121 1,087,157 770,723 ======================================================
MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Hydro Hydro Consolidating (U.K.) Ltd. (U.K.) Ltd. Adjustments Consolidated ============================================================================================================ ASSETS ============================================================================================================ Utility plant, at original cost Less-accumulated provision for depreciation and decommissioning Construction work in progress Nuclear fuel, at amortized cost ------------------------------------------------------ Total utility plant ------------------------------------------------------ Nonutility property - net of accumulated provision for depreciation $1,042,430 Nuclear decommissioning trusts Investments in partnerships and unconsolidated subsidiaries $(1,157,855) Investments in leveraged leases Other investments ------------------------------------------------------ Total other property and investments (1,157,855) 1,042,430 ------------------------------------------------------ Cash and equivalents 64,273 Receivables, including unbilled revenue, net of allowance for uncollectible accounts 69,490 Fuel inventory Materials and supplies, at average cost Accumulated deferred income taxes - net Prepayments and other current assets 1,243 ------------------------------------------------------ Total current assets 135,006 ------------------------------------------------------ Unamortized debt issuance and reacquisition expense Rate phase-in plan Unamortized nuclear plant--net Income tax-related deferred charges Other deferred charges 324,710 ------------------------------------------------------ Total deferred charges 324,710 ------------------------------------------------------ TOTAL ASSETS (1,157,855) 1,502,146 ======================================================
PAGE 449 MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
First Hydro First Hydro First Hydro Finance Holdings Limited plc Company ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $154,675 Additional Paid in Capital 538,589 $454,966 $454,967 Retained earnings 12,553 (1,839) (470) ------------------------------------------------------ 705,817 453,127 454,497 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 621,400 ------------------------------------------------------ Total capitalization 705,817 1,074,527 454,497 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable 51,887 9,746 Accrued taxes 9,298 Accrued interest 3,755 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities 64,940 9,746 ------------------------------------------------------ Accumulated deferred income taxes - net 311,943 Accumulated deferred investment tax credits Customer advances and other deferred credits 31,364 2,884 4,283 ------------------------------------------------------ Total deferred credits 31,364 2,884 316,226 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES 802,121 1,087,157 770,723 ======================================================
MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Balance Sheet December 31, 1995 (In thousands)
Mission Mission Hydro Hydro Consolidating (U.K.) Ltd. (U.K.) Ltd. Adjustments Consolidated ============================================================================================================ CAPITALIZATION AND LIABILITIES ============================================================================================================ Common shareholders' equity: Common stock $(154,675) Additional Paid in Capital (993,556) $454,966 Retained earnings 1,229 11,473 ------------------------------------------------------ (1,147,002) 466,439 Preferred securities of subsidiaries: Not subject to mandatory redemption Subject to mandatory redemption Long-term debt 621,400 ------------------------------------------------------ Total capitalization (1,147,002) 1,087,839 ------------------------------------------------------ Other long-term liabilities ------------------------------------------------------ Current portion of long-term debt and redeemable preferred stock Short-term debt Accounts payable (1) 61,632 Accrued taxes 9,298 Accrued interest 3,755 Dividends payable Regulatory balancing accounts--net Deferred unbilled revenue and other ------------------------------------------------------ Total current liabilities (1) 74,685 ------------------------------------------------------ Accumulated deferred income taxes - net 311,943 Accumulated deferred investment tax credits Customer advances and other deferred credits (10,852) 27,679 ------------------------------------------------------ Total deferred credits (10,852) 339,622 ------------------------------------------------------ Minority interest ------------------------------------------------------ TOTAL CAPITALIZATION AND LIABILITIES (1,157,855) 1,502,146 ======================================================
MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
First Hydro First Hydro First Hydro Finance Holdings Limited plc Company ============================================================================================================ Electric utility revenue $40,853 Diversified operations ------------------------------------------------------ Total operating revenue 40,853 ------------------------------------------------------ Fuel 7,699 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 5,923 Maintenance Depreciation and decommissioning 1,303 $470 Income taxes 8,562 $(906) Property and other taxes 1,262 ------------------------------------------------------ Total operating expenses 24,749 (906) 470 ------------------------------------------------------ Operating income 16,104 906 (470) ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 256 Minority interest Taxes on nonoperating income (84) Other - net ------------------------------------------------------ Total other income (deductions) - net 172 ------------------------------------------------------ Income before interest and other expenses 16,276 906 (470) ------------------------------------------------------ Interest on long-term debt 3,723 2,745 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 3,723 2,745 ------------------------------------------------------ NET INCOME 12,553 (1,839) (470) Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 12,553 (1,839) (470) ======================================================
PAGE 452 MEC International B.V. Mission Hydro (U.K.) Ltd. Consolidating Statements of Income and Retained Earnings For The Year Ended December 31, 1995 (In thousands)
Mission Mission Hydro Hydro Consolidating (U.K.) Ltd. (U.K.) Ltd. Adjustments Consolidated ============================================================================================================ Electric utility revenue $40,853 Diversified operations ------------------------------------------------------ Total operating revenue 40,853 ------------------------------------------------------ Fuel 7,699 Purchased power Provisions for regulatory adjustment clauses - net Other operating expenses 5,923 Maintenance Depreciation and decommissioning 1,773 Income taxes $(1,229) 6,427 Property and other taxes 1,262 ------------------------------------------------------ Total operating expenses (1,229) 23,084 ------------------------------------------------------ Operating income 1,229 17,769 ------------------------------------------------------ Provision for rate phase-in plan Allowance for equity funds used during construction Interest income 256 Minority interest Taxes on nonoperating income (84) Other - net ------------------------------------------------------ Total other income (deductions) - net 172 ------------------------------------------------------ Income before interest and other expenses 1,229 17,941 ------------------------------------------------------ Interest on long-term debt 6,468 Other interest expense Allowance for borrowed funds used during construction Capitalized interest Dividends on subsidiary preferred securities ------------------------------------------------------ Total interest and other expenses - net 6,468 ------------------------------------------------------ NET INCOME 1,229 11,473 Retained Earnings - beginning of year Dividends declared on common stock ------------------------------------------------------ Retained Earnings - end of year 1,229 11,473 ======================================================
PAGE EXHIBIT B FINANCIAL DATA SCHEDULE The following is provided for Edison International on a consolidated basis: Item No. Caption Heading Amount - - -------- --------------- ------ 1 Total Assets $23,946,235,000 2 Total Operating Revenues $ 8,404,674,000 3 Net Income $ 739,136,000 PAGE 454 EXHIBIT C EXEMPT WHOLESALE GENERATORS (EWGs): - - ----------------------------------- 4.1 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP Edison International The Mission Group Edison Mission Energy Hanover Energy Company Chickahominy River Energy Corp. Commonwealth Atlantic Limited Partnership 4.2 NEVADA SUN-PEAK LIMITED PARTNERSHIP Edison International The Mission Group Edison Mission Energy Quartz Peak Energy Company Nevada Sun-Peak Limited Partnership 4.3 CROWN ENERGY, L.P. (canceled) Edison International The Mission Group Edison Mission Energy Arrowhead Energy Company Crown Energy, L.P. 4.4 VISTA ENERGY, L.P. (canceled) Edison International The Mission Group Edison Mission Energy Vista Energy Company Vista Energy, L.P. 4.5 GORDONSVILLE ENERGY, L.P. Edison International The Mission Group Edison Mission Energy Madison Energy Company Gordonsville Energy, L.P. Edison International The Mission Group Edison Mission Energy Rapidan Energy Company Gordonsville Energy, L.P. FOREIGN UTILITY COMPANIES: - - -------------------------- 4.6 LOY YANG B JOINT VENTURE Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Latrobe Power Pty Ltd Mission Victoria Partnership Latrobe Power Partnership Loy Yang B Joint Venture Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Loy Yang Holdings Pty Ltd Latrobe Power Pty Ltd Mission Victoria Partnership Latrobe Power Partnership Loy Yang B Joint Venture Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Australia Ltd Latrobe Power Partnership Loy Yang B Joint Venture Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Loy Yang Holdings Pty Ltd Mission Energy Ventures Australia Pty. Ltd. Mission Victoria Partnership Latrobe Power Partnership Loy Yang B Joint Venture Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Loy Yang Holdings Pty Ltd Traralgon Power Pty Ltd Mission Victoria Partnership Latrobe Power Partnership Loy Yang B Joint Venture PAGE 456 Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Traralgon Power Pty Ltd Mission Victoria Partnership Latrobe Power Partnership Loy Yang B Joint Venture 4.7 COMPANIA MEDITERRANEA DE ENERGIAS, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Hydro Energy B.V. Compania Mediterranea de Energias, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Compania Mediterranea de Energias, S.A. 4.8 ELECTRA LA MELLA, S.A. (merged into Hidroelectrica del Cadagua) Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Electra La Mella, S.A. 4.9 ELECTROMETALURGICA DEL EBRO, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Electrometalurgica del Ebro, S.A. PAGE 457 4.10 HIDROELECTRICA DEL CADAGUA, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hidroelectrica del Cadagua, S.A. 4.11 HIDROELECTRICA DE CASILLAS, S.A. (not operational) Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hidroelectrica de Casillas, S.A. 4.12 HIDROELECTRICA DE OLVERA, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hidroelectrica de Olvera, S.A. 4.13 HIDROELECTRICA DE POSADAS, S.A. (not operational) Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hidroelectrica de Posadas, S.A. 4.14 HIDROELECTRICA DEL SOSSIS, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hidroelectrica del Sossis, S.A. PAGE 458 4.15 IBERICA DE ENERGIAS, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Hydro Energy B.V. Iberica de Energias, S.A. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Iberian Hy-Power Amsterdam B.V. Hydro Energy B.V. Iberica de Energias, S.A. 4.16 LAKELAND POWER LIMITED Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Mission Energy Company (UK) Limited Pride Hold Limited Lakeland Power Limited Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Pride Hold Limited Lakeland Power Limited 4.17 DERWENT COGENERATION LIMITED Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Mission Energy Company (UK) Limited Derwent Cogeneration Limited PAGE 459 4.18 EPZ MISSION FUNDING MU TRUST Edison International The Mission Group Edison Capital Edison Funding Company Mission Funding Epsilon Mission Funding Alpha Mission Funding Mu EPZ Mission Funding Mu Trust 4.19 EPZ MISSION FUNDING NU TRUST Edison International The Mission Group Edison Capital Edison Funding Company Mission Funding Epsilon Mission Funding Delta Mission Funding Nu EPZ Mission Funding Nu Trust Foreign Utility Company: - - ------------------------ 4.20 First Hydro Limited Edison International The Mission Group Edison Mission Energy Mission Energy Wales Company Mission Hydro Limited Partnership [30%LP] First Hydro Holdings Company First Hydro Finance plc First Hydro Limited Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited First Hydro Holdings Company First Hydro Finance plc First Hydro Limited Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. Mission Energy Company (UK) Limited Mission Hydro (UK) Limited Mission Hydro Limited Partnership [1%GP] First Hydro Holdings Company First Hydro Finance plc First Hydro Limited PAGE 460 Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC Wales B.V. (99%) Mission Hydro Limited Partnership [69%LP] First Hydro Holdings Company First Hydro Finance plc First Hydro Limited Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC International Holdings B.V. MEC Wales B.V. (1%) Mission Hydro Limited Partnership First Hydro Holdings Company First Hydro Finance plc First Hydro Limited Exempt Wholesale Generator: - - --------------------------- 4.21 Brooklyn Navy Yard Cogeneration Partners, L.P. Edison International The Mission Group Edison Mission Energy Mission Energy New York, Inc. Brooklyn Navy Yard Cogeneration Partners, L.P. Foreign Utility Company: - - ------------------------ 4.22 P. T. Paiton Energy Company Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC Indonesia B.V. (99%) P. T. Paiton Energy Company Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC International Holdings B.V. MEC Indonesia B.V. (1%) P. T. Paiton Energy Company PAGE 461 Foreign Utility Company: - - ------------------------ 4.23 ISAB Energy, S.r.l. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC Priolo B.V. (99%) ISAB Energy, S.r.l. Edison International The Mission Group Edison Mission Energy Mission Energy Holdings International, Inc. MEC International B.V. MEC International Holdings B.V. MEC Priolo B.V. (1%) ISAB Energy, S.r.l. EX-27 2 EXHIBIT 27 WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR3 Exhibit 27 to Edison International (formerly SCEcorp) Form U-3A-2 for 12/31/95 YEAR DEC-31-1995 DEC-31-1995 PER-BOOK 23,946,235,000 8,404,674,000 739,136,000
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