-----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, U1aAH3aLMLDleE6YRTpdH/g6N/5qhCWDSaqPUa6AXR5L7+9LjsrnifkVPHs8+rLy MBwwvD1rqk3fK1Lc33PT3Q== /in/edgar/work/20000531/0000912057-00-026771/0000912057-00-026771.txt : 20000919 0000912057-00-026771.hdr.sgml : 20000919 ACCESSION NUMBER: 0000912057-00-026771 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AES CORPORATION CENTRAL INDEX KEY: 0000874761 STANDARD INDUSTRIAL CLASSIFICATION: [4991 ] IRS NUMBER: 541163725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: SEC FILE NUMBER: 070-09465 FILM NUMBER: 646453 BUSINESS ADDRESS: STREET 1: 1001 N 19TH ST STREET 2: STE 2000 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7035221315 35-CERT 1 a35-cert.txt RULE 24, RELEASE 35 CERTIFICATE UNITED STATES OF AMERICA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ) The AES Corporation ) File No. 70-9465 ) Certificate Pursuant to Rule 24 and Release No. 35-27063 Under the Public Utility Holding Company Act of 1935 On August 20, 1999, the Securities and Exchange Commission ("SEC") issued an order in this proceeding, Release No. 35-27063 in File No. 70-9465 ("Exemption Order") granting an exemption under Section 3(a) of the Public Utility Holding Company Act of 1935, as amended, ("the Act") to The AES Corporation ("AES") in relation to its proposed acquisition of CILCORP Inc. ("CILCORP"), which has a public-utility subsidiary company, Central Illinois Light Company ("CILCO"). The Exemption Order required AES to file certain certificates (as described in the Exemption Order) under Rule 24 within 60 days of the close of each calendar quarter for a period of three years beginning September 30, 1999 and every six months thereafter. The requested certificate is set forth below (as an attachment) for the period ending March 31, 2000. Respectfully submitted, /s/ Earle H. O'Donnell -------------------------- Earle H. O'Donnell Julia Dryden English Andrew B. Young Dewey Ballantine LLP 1775 Pennsylvania Avenue, NW Washington, D.C. 20006 Dated: May 30, 2000 THE AES CORPORATION SEC FILING PURSUANT TO SECTION 3(A)(5) EXEMPTION ORDER QUARTER ENDED MARCH 31, 2000 ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED): 1) Statement of Income of The AES Corporation for the 12 months ended March 31, 2000: a) 12 months ended March 31, 2000 GAAP consolidated income statement b) 12 months ended March 31, 2000 pro rata consolidated income statement 2) Balance Sheet of The AES Corporation at March 31, 2000 a) GAAP Basis Consolidated Balance Sheet b) Pro Rata Consolidated Balance Sheet 3) Statement of Income CILCORP Inc. for the 12 months ended March 31, 2000 4) Statement of Income CILCO for the 12 months ended March 31, 2000 5) Consolidated Balance Sheet of CILCORP Inc. at March 31, 2000 6) Consolidated Balance Sheet of CILCO at March 31, 2000 THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED MARCH 31, 2000 - GAAP BASIS
- ----------------------------------------------------------- TWELVE MONTHS % ENDED OF 3/31/00 SALES - ----------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 4,091 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 2,885 71% Selling, general and administrative expenses 84 2% Provision to reduce contract receivables 11 - -------------- TOTAL OPERATING COSTS AND EXPENSES 2,980 73% -------------- OPERATING INCOME 1,111 27% OTHER INCOME AND (EXPENSE): Interest expense (777) -19% Interest and other income 123 2% Foreign currency transaction gain (loss) 4 - Equity in earnings of affiliates (before income tax) 230 6% INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 691 17% Income tax provision 188 5% Minority interest 64 2% -------------- INCOME BEFORE EXTRAORDINARY ITEM 439 11% Extraordinary item, net of tax - Early extinguishment of debt (24) -1% -------------- NET INCOME $ 415 10% ==============
THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED MARCH 31, 2000 - PRORATA BASIS
- ---------------------------------------------------------- TWELVE MONTHS % ENDED OF 3/31/00 SALES - ---------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 5,491 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 3,866 70% Selling, general and administrative expenses 83 2% Provision to reduce contract receivables 10 - -------------- TOTAL OPERATING COSTS AND EXPENSES 3,959 72% -------------- OPERATING INCOME 1,532 28% OTHER INCOME AND (EXPENSE): Interest expense (1,098) -20% Interest and other income 199 3% Foreign currency transaction gain (loss) 53 - INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 687 13% Income tax provision 188 3% Minority interest 60 1% -------------- INCOME BEFORE EXTRAORDINARY ITEM 439 8% Extraordinary item, net of tax - Early extinguishment of debt (24) 0% -------------- NET INCOME $ 415 8% ==============
The AES Corporation GAAP BALANCE SHEET (in millions) At March 31, 2000
31-Mar-00 ------------- ASSETS Current Assets Cash and cash equivalents 822 Short-term investments 166 Accounts receivable, net 1,002 Inventory 316 Receivable from affiliates 29 Deferred income taxes 105 Contract Receiveable 532 Prepaid expenses and other current 382 assets ------------- Total current assets 3,354 Property, Plant and Equipment Land 224 Electric generation and distribution 12,849 assets Accumulated depreciation and amortization (845) Construction in progress 1,504 ------------- Property, plant and equipment, net 13,732 Other Assets Deferred financing costs, net 234 Project development costs 72 Investments in and advances to affiliates 2,839 Debt service reserves and other deposits 330 Electricity sales concessions and contracts 1,064 Goodwill, net 817 Other assets 960 ------------- Total other assets 6,316 ============= Total 23,402 ============= LIABILITIES & STOCKHOLDERS' EQUITY Current Liabilities Accounts payable 388 Accrued interest 315 Accrued and other liabilities 736 Other notes payable - current portion 0 Project financing debt - current portion 1,102 ------------- Total current liabilities 2,541 Long-Term Liabilities Project financing debt 10,161 Other notes payable 2,452 Deferred incomes taxes 1,894 Other long-term liabilities 965 ------------- Total long-term liabilities 15,472 Minority interest 1,215 TECONS 1,318 Stockholders' Equity Common Stock 2 Contributed capital / Additional paid in capital 2,625 Retained earnings 1,294 Accumulated other comprehensive loss (1,065) ------------- Total stockholders' equity 2,856 ============= Total 23,402 =============
The AES Corporation Prorata Balance Sheet (in millions) At March 31, 2000
ASSETS CURRENT ASSETS Cash and cash equivalents 976 Short-term investments 166 Accounts receivable, net 1,416 Inventory 343 Receivable from affiliates 29 Deferred income taxes 143 Contract Receiveable 532 Prepaid expenses and other current assets 506 TOTAL CURRENT ASSETS 4,110 PROPERTY, PLANT AND EQUIPMENT Land 225 Electric generation and distribution assets 16,315 Accumulated depreciation and amortization (919) Construction in progress 1,589 PROPERTY, PLANT AND EQUIPMENT, NET 17,210 OTHER ASSETS Deferred financing costs, net 234 Project development costs 75 Investments in and advances to affiliates 3,181 Debt service reserves and other deposits 330 Electricity sales concessions and contracts 1,064 Goodwill, net 908 Other assets 1,471 TOTAL OTHER ASSETS 7,263 TOTAL 28,583 LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 575 Accrued interest 396 Accrued and other liabilities 1,020 Other notes payable - current portion 168 Project financing debt - current portion 1,504 TOTAL CURRENT LIABILITIES 3,662 LONG-TERM LIABILITIES Project financing debt 11,107 Other notes payable 2,457 Deferred incomes taxes 2,053 Other long-term liabilities 1,720 TOTAL LONG-TERM LIABILITIES 17,336 Minority interest 1,216 TECONS 1,318 STOCKHOLDERS' EQUITY Common Stock 2 Contributed capital / Additional paid in capital 4,114 Retained earnings 1,977 Accumulated other comprehensive loss (1,042) TOTAL STOCKHOLDERS' EQUITY 5,051 TOTAL 28,583
CILCORP Consolidated Income Statement
Twelve Months Ended 3/31/00 Revenue: CILCO Electric $378,078 CILCO Gas 174,107 CILCO Other 13,082 Other Businesses 18,468 ------------- Total 583,735 ------------- Operating expenses: Fuel for generation and purchased power 150,438 Gas purchased for resale 104,607 Other operations and maintenance 172,046 Depreciation and amortization 72,946 Taxes, other than income taxes 40,721 ------------- Total 540,758 ------------- Fixed charges and other: Interest expense 47,099 Preferred stock dividends of subsidiary 3,251 Allowance for funds used during construction (250) Other 1,065 ------------- Total 51,165 ------------- Income from continuing operations before income taxes (8,188) Income taxes (1,445) ------------- Net income (loss) from continuing operations (6,743) Income (Loss) from operations of discontinued business, net of taxes (648) Extraordinary Item - ------------- Net income (loss) before minority interest (7,391) Minority Interest - ------------- Net income (loss) (7,391) Other comprehensive income - ------------- Comprehensive income (loss) $ (7,391) =============
CONSOLIDATED STATEMENTS OF INCOME CENTRAL ILLINOIS LIGHT COMPANY
Twelve Months Ended 03/31/2000 ---------------- Operating Revenues: Electric 378,078 Gas 174,107 ---------------- 552,185 ---------------- Operating Expenses: Cost of Fuel 82,516 Cost of Gas 95,538 Purchased Power 57,311 Other Operation & Maintenance Expenses 152,046 Depreciation and Amortization 66,035 Income Taxes 12,963 Other Taxes 40,571 ---------------- 506,980 ---------------- Operating Income 45,205 Other Income and Deductions CILCO Owned Life Insurance (1,065) Other, Net 278 ---------------- (787) ---------------- Income Before Interest Expenses 44,418 Interest Expenses: Interest on Long-Term Debt 18,957 Cost of Borrowed Funds Capitalized (250) Other 4,126 ---------------- 22,833 ---------------- Net Income Before Preferred Dividends 21,585 Preferred Stock Dividends 3,251 ---------------- Net Inc Available for Common Stock 18,334 ================
CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands)
March 31, 2000 ASSETS (Unaudited) Current assets: Cash and temporary cash investments $ 4,147 Receivables, less reserves of $1,606 and $1,296 65,207 Accrued unbilled revenue 25,293 Fuel, at average cost 10,169 Materials and supplies, at average cost 16,117 Gas in underground storage, at average cost 7,423 FAC Underrecoveries 6,883 Prepayments and other 13,015 ---------- Total current assets 148,254 ---------- Investments and other property: Investment in leveraged leases 140,053 Cash surrender value of company-owned life insurance, net of related policy loans of $53,558 3,899 Other investments 23,802 ---------- Total investments and other property 167,754 ---------- Property, plant and equipment: Utility plant, at original cost Electric 624,782 Gas 208,466 ---------- 833,248 Less - accumulated provision for depreciation 25,945 ---------- 807,303 Construction work in progress 47,214 Other, net of depreciation 258 ---------- Total property, plant and equipment 854,775 ---------- Other assets: Goodwill, net of accumulated amortization of $6,453 and $2,881 568,173 Other 45,841 ---------- Total other assets 614,014 ---------- Total assets $1,784,797 ==========
CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands)
March 31, 2000 LIABILITIES AND STOCKHOLDER'S EQUITY (Unaudited) Current liabilities: Current portion of long-term debt $ -- Notes payable 69,900 Accounts payable 34,706 Accrued taxes 22,720 Accrued interest 25,986 FAC/PGA overrecoveries 974 Other 5,589 ---------- Total current liabilities 159,875 ---------- Long-term debt 730,445 ---------- Deferred credits and other liabilities: Accumulated deferred income taxes 236,594 Regulatory liability of regulated subsidiary 26,910 Deferred investment tax credits 17,383 Other 76,772 ---------- Total deferred credits and other liabilities 357,659 ---------- Preferred stock of subsidiary 66,120 ---------- Stockholder's equity: Common stock, no par value; authorized 10,000 shares - outstanding 1,000 shares -- Additional Paid-in Capital 468,833 Retained earnings 1,865 Accumulated other comprehensive income -- ---------- Total stockholder's equity 470,698 ---------- Total liabilities and stockholder's equity $1,784,797 ==========
CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands)
March 31, ASSETS 2000 (Unaudited) Utility plant, at original cost: Electric $1,263,082 Gas 431,833 ---------- 1,694,915 Less - accumulated provision for depreciation 887,612 ---------- 807,303 Construction work in progress 47,214 ---------- Total utility plant 854,517 ---------- Other property and investments: Cash surrender value of company-owned life insurance (net of related policy loans of $53,558) 3,899 Other 1,183 ---------- Total other property and investments 5,082 ---------- Current assets: Cash and temporary cash investments 1,653 Receivables, less reserves of $1,606 and $1,296 48,445 Accrued unbilled revenue 24,655 Fuel, at average cost 10,169 Materials and supplies, at average cost 16,086 Gas in underground storage, at average cost 7,423 Prepaid taxes 6,365 FAC underrecoveries 6,883 Other 12,927 ---------- Total current assets 134,606 ---------- Deferred debits: Unamortized loss on reacquired debt 2,874 Unamortized debt expense 1,518 Prepaid pension cost 308 Other 16,790 ---------- Total deferred debits 21,490 ---------- Total assets $1,015,695 ==========
CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands)
March 31, CAPITALIZATION AND LIABILITIES 2000 (Unaudited) Capitalization: Common stockholder's equity: Common stock, no par value; authorized 20,000,000 shares; outstanding 13,563,871 shares $ 185,661 Additional Paid-in Capital 27,000 Retained earnings 135,567 Accumulated other comprehensive income (60) ---------- Total common stockholder's equity 348,168 Preferred stock without mandatory redemption 44,120 Preferred stock with mandatory redemption 22,000 Long-term debt 237,945 ---------- Total capitalization 652,233 ---------- Current liabilities: Current maturities of long-term debt -- Notes payable 29,900 Accounts payable 29,251 Accrued taxes 29,744 Accrued interest 6,839 FAC/PGA overrecoveries 974 Level payment plan -- Other 5,517 ---------- Total current liabilities 102,225 ---------- Deferred credits and other liabilities: Accumulated deferred income taxes 137,938 Regulatory liability 26,910 Deferred investment tax credit 17,383 Capital lease obligation 1,046 Other 77,960 ---------- Total deferred credits and other liabilities 261,237 ---------- Total capitalization and liabilities $1,015,695 ==========
ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED): CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (GAAP BASIS) ($MM)
- ------------------------------------------- ---------------- ----------------- 12 MOS. 12 MOS. 12/31/99 3/31/00 - ------------------------------------------- ---------------- ----------------- GROSS REVENUES %-CILCO 15.14% 12.89% CILCO 562 565 AES 3,253 4,091 AES/CILCORP 3,713 4,382 - ------------------------------------------- ------- ------- GROSS REVENUES %-CILCORP 15.65% 13.33% CILCORP (Including CILCO) 581 584 AES 3,253 4,091 AES/CILCORP 3,713 4,382 - ------------------------------------------- ------- ------- NET OPERATING REVENUES %-CILCO 12.69% 11.05% CILCO 376 386 AES 2,655 3,335 AES/CILCORP 2,962 3,493 - ------------------------------------------- ------- ------- NET OPERATING REVENUES %-CILCORP 13.64% 11.31% CILCORP (Including CILCO) 404 395 AES 2,655 3,335 AES/CILCORP 2,962 3,493 - ------------------------------------------- ------- ------- OPERATING INCOME %-CILCO 5.78% 5.04% CILCO 55 56 AES 925 1,111 AES/CILCORP 952 1,111 - ------------------------------------------- ------- ------- OPERATING INCOME %-CILCORP 4.30% 3.87% CILCORP (Including CILCO) 41 43 AES 925 1,111 AES/CILCORP 952 1,111 - ------------------------------------------- ------- ------- NET INCOME %-CILCO 6.99% 4.47% CILCO 16 18 AES 228 415 AES/CILCORP 229 402 - ------------------------------------------- ------- ------- NET INCOME %-CILCORP -.44% -.02% CILCORP (Including CILCO) (1) (7) AES 228 415 AES/CILCORP 229 402 - ------------------------------------------- ------- ------- NET ASSETS %-CILCO 4.86% 4.34% CILCO 1,056 1,016 AES 21,744 23,402 AES/CILCORP 21,744 23,402 - ------------------------------------------- ------- ------- NET ASSETS %-CILCORP 8.42% 7.63% CILCORP (Including CILCO) 1,831 1,785 AES 21,744 23,402 AES/CILCORP 21,744 23,402 - ------------------------------------------- ------- -------
CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (PRO RATA CONSOLIDATION BASIS) ($MM)
- ------------------------------------------- ---------------- ----------------- 12 MOS. 12 MOS. 12/31/99 3/31/00 - ------------------------------------------- ---------------- ----------------- GROSS REVENUES %-CILCO 11.78% 9.77% CILCO 562 565 AES 4,309 5,491 AES/CILCORP 4,769 5,782 - ------------------------------------------- ------- ------- GROSS REVENUES %-CILCORP 12.18% 10.10% CILCORP (Including CILCO) 581 584 AES 4,309 5,491 AES/CILCORP 4,769 5,782 - ------------------------------------------- ------- ------- NET OPERATING REVENUES %-CILCO 9.49% 7.95% CILCO 376 386 AES 3,656 4,698 AES/CILCORP 3,963 4,856 - ------------------------------------------- ------- ------- NET OPERATING REVENUES %-CILCORP 10.19% 8.13% CILCORP (Including CILCO) 404 395 AES 3,656 4,698 AES/CILCORP 3,963 4,856 - ------------------------------------------- ------- ------- OPERATING INCOME %-CILCO 4.29% 3.66% CILCO 55 56 AES 1,256 1,532 AES/CILCORP 1,283 1,532 - ------------------------------------------- ------- ------- OPERATING INCOME %-CILCORP 3.20% 2.81% CILCORP (Including CILCO) 41 43 AES 1,256 1,532 AES/CILCORP 1,283 1,532 - ------------------------------------------- ------- ------- NET INCOME %-CILCO 6.99% 4.47% CILCO 16 18 AES 228 415 AES/CILCORP 229 402 - ------------------------------------------- ------- ------- NET INCOME %-CILCORP -.44% -.02% CILCORP (Including CILCO) (1) (7) AES 228 415 AES/CILCORP 229 402 - ------------------------------------------- ------- ------- NET ASSETS %-CILCO 4.64% 3.55% CILCO 1,056 1,016 AES 22,759 28,583 AES/CILCORP 22,759 28,583 - ------------------------------------------- ------- ------- NET ASSETS %-CILCORP 8.05% 6.24% CILCORP (Including CILCO) 1,831 1,785 AES 22,759 28,583 AES/CILCORP 22,759 28,583 - ------------------------------------------- ------- -------
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION: AES Generating Plants in Operation at March 31, 2000 (excluding CILCO):
AES AES Capacity Interest Equity Regulatory UNIT COUNTRY (MW) (%) (MW) STATUS - ---- ------- ---- --- ------ ------ AES Deepwater USA 143 100.00 143.00 QF AES Beaver Valley USA 125 100.00 125.00 QF AES Placerita USA 120 100.00 120.00 QF AES Thames USA 181 100.00 181.00 QF AES Shady Point USA 320 100.00 320.00 QF AES Hawaii USA 180 100.00 180.00 QF AES Warrior Run USA 180 100.00 180.00 QF AES Eastern Energy (6 plants) USA 1,437 100.00 1437.00 EWG AES Alamitos USA 2,083 100.00 2,083.00 EWG AES Redondo Beach USA 1,310 100.00 1,310.00 EWG AES Huntington Beach USA 563 100.00 563.00 EWG AES Kingston Canada 110 50.00 55.00 EWG AES San Nicholas Argentina 650 69.00 448.50 EWG AES Cabra Corral Argentina 102 98.00 99.96 FUCO AES El Tunal Argentina 10 98.00 9.80 FUCO AES Sarmiento Argentina 33 98.00 32.34 FUCO AES Ullum Argentina 45 98.00 44.10 FUCO AES Quebrada Argentina 45 100.00 45.00 FUCO Fontes Nova-Light Brazil 144 13.75 19.80 FUCO Ilha dos Pombos - Light Brazil 164 13.75 22.55 FUCO Nilo Pecanha - Light Brazil 380 13.75 52.25 FUCO Pereira Passos - Light Brazil 100 13.75 13.75 FUCO CEMIG (37 plants) Brazil 5,668 20.96* 1,188.14 FUCO EGE Bayano Panama 192 49.00 94.08 FUCO EGE Chiriqui Panama 90 49.00 44.10 FUCO AES Los Mina Dom. Rep. 210 100.00 210.00 EWG ECOGEN (2 plants) Australia 966 100.00 966.00 FUCO AES Mt. Stuart Australia 288 100.00 288.00 FUCO AES Xiangci - Cili China 26 51.00 13.26 FUCO AES Wuxi China 63 55.00 34.65 FUCO Wuhu China 250 25.00 62.50 FUCO Yangchun China 15 25.00 3.75 FUCO Chengdu Lotus City China 48 35.00 16.80 FUCO AES Jiaozou China 250 70.00 175.00 FUCO AES Hefei China 115 70.00 80.50 FUCO AES Fuling Aixi Kazakhstan 50 70.00 35.00 FUCO AES Ekibastuz Kazakhstan 4,000 70.00 2,800.00 FUCO AES Ust-Kamenogorsk GES Kazakhstan 332 85.00 282.20 FUCO AES Shulbinsk GES Kazakhstan 702 85.00 596.70 FUCO AES Ust-Kamenogorsk TETS Kazakhstan 240 85.00 204.00 FUCO AES Leninogorsk TETS Kazakhstan 50 85.00 42.50 FUCO AES Sogrinsk TETS Kazakhstan 50 85.00 42.50 FUCO AES Semiplatinsk TETS Kazakhstan 10 85.00 8.50 FUCO OPGC India 420 49.00 205.80 FUCO AES Lal Pir Pakistan 351 90.00 315.90 FUCO AES Pak Gen Pakistan 344 90.00 309.60 FUCO AES Borsod Hungary 171 96.00 164.16 FUCO AES Tisza II Hungary 860 96.00 825.60 FUCO AES Tiszapalkonya Hungary 250 96.00 240.00 FUCO AES Elsta Netherlands 405 50.00 202.50 FUCO Medway U.K. 688 25.00 172.00 FUCO AES Indian Queens U.K. 140 100.00 140.00 EWG Kilroot U.K. 520 47.00 244.40 FUCO Belfast West U.K. 240 47.00 112.80 FUCO AES Barry U.K. 230 100.00 230.00 FUCO AES Drax Power Ltd. U.K. 3960 100.00 3960 FUCO AES Tiete (10 plants) Brazil 2644 39.00 1031 FUCO TOTAL - March 31, 2000 33,263 23056.99 Pct. Of Foreign Generation 80.03% 71.20%
* CEMIG owns 21.648% of 36 plants accounting for 5,458 MW and 3.14% of 1 plant accounting for 210 MW. CILCO Generating Plants at March 31, 2000:
AES AES Capacity Interest Equity Regulatory UNIT COUNTRY (MW) (%) (MW) STATUS - ---------------------- ------- ---- --------- ---- ----------- Edwards (3 units) USA 740 100.00 740 IL PUC Duck Creek USA 366 100.00 366 IL PUC Indian Trails USA 10 100.00 10 IL PUC Sterling Avenue USA 30 100.00 30 IL PUC ----- ----- TOTAL - March 31, 2000 1,146 1,146
Revenues from generation capacity - 12 months ended March 31, 2000: CILCO 151 5% AES (excluding CILCO) 2,717 95% ----- --- Total 2,868 100%
CILCO's electric revenues are allocated between electric generation and electric distribution activities according to utility rate base. AES generation revenues are derived from the total generation revenues earned by AES subsidiaries times the percentage ownership interest of AES in those subsidiaries. There has been a 6 MW reduction in the amount of capacity owned by CILCO from 1,152 to 1,146 MW since December 31, 1999. There has also been a 21.6% increase in the total revenues earned from the capacity owned by AES and CILCO since December 31, 1999. The percentage of total revenues derived from the capacity owned by CILCO has decreased from 6% to 5% since December 31, 1999. ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION: CILCO elec/gas transmission/distribution assets at March 31, 2000 727 Total AES (excl CILCO) electric distr. assets at March 31, 2000 10,943 ------ Total transmission and distribution assets 11,670 CILCO elec/gas transm/distr revenues - 12 mos. March 31, 2000 401 AES (excl CILCO) electric distr. revenues - 12 mos. March 31, 2000 2,481 ------ Total electric/gas transm/distr. revenues 2,882
CILCO's electric revenues are allocated between electric generation and electric distribution activities according to utility rate base. AES distribution revenues are derived from the total distribution revenues earned by AES subsidiaries times the percentage ownership interest of AES in those subsidiaries. The total transmission and distribution assets owned by AES and CILCO has increased by 105.6% since December 31, 1999 and the total revenues derived from such assets has increased by 21% since December 31, 1999. CILCO's transmission and distribution assets and the revenues derived from such assets has slightly decreased since December 31, 1999 while AES' transmission and distribution assets and the revenues derived from such assets has substantially increased since December 31, 1999. Accordingly, CILCO's percentage of the total transmission and distribution assets has decreased from 13.3% to 6.2% and CILCO's percentage of total revenues from such assets has decreased from 17% to 13.9% since December 31, 1999. ITEM (5) PER EXEMPTION ORDER: CILCO has not sold or transferred any electric and/or gas utility assets to any affiliate company of the AES consolidated holding company system. ITEM (6) PER EXEMPTION ORDER: No application has been made to nor has any order been received from the Illinois Commerce Commission that involves AES' ownership position or AES' oversight over the operations of CILCO or CILCORP. SIGNATURE Pursuant to the requirements of the Public Utility Holding Company Act of 1935, as amended, AES has duly caused this certificate to be signed on its behalf on this 30th day of May, 2000 by the undersigned thereunto duly authorized. The AES Corporation By: /s/ William R. Luraschi ----------------------------- William R. Luraschi General Counsel and Secretary -----END PRIVACY-ENHANCED MESSAGE-----