-----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, FC9PTueV4OFov7aB72RvvEaJUbmjeTq0Pf8QADPcUWAAO7Yfa4AAVwMigSsaVyxE Q8Ez5j5HpmiXUrCj7e1kyw== /in/edgar/work/20000829/0000912057-00-039501/0000912057-00-039501.txt : 20000922 0000912057-00-039501.hdr.sgml : 20000922 ACCESSION NUMBER: 0000912057-00-039501 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000829 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: 712803 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 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 June 30, 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: August 29, 2000 THE AES CORPORATION SEC FILING PURSUANT TO SECTION 3(A)(5) EXEMPTION ORDER QUARTER ENDED JUNE 30, 2000 ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED): 1) Statement of Income of The AES Corporation for the 12 months ended June 30, 2000: a) 12 months ended June 30, 2000 GAAP consolidated income statement b) 12 months ended June 30, 2000 pro rata consolidated income statement 2) Balance Sheet of The AES Corporation at June 30, 2000 a) GAAP Basis Consolidated Balance Sheet b) Pro Rata Consolidated Balance Sheet 3) Statement of Income CILCORP Inc. for the 12 months ended June 30, 2000 4) Statement of Income CILCO for the 12 months ended June 30, 2000 5) Consolidated Balance Sheet of CILCORP Inc. at June 30, 2000 6) Consolidated Balance Sheet of CILCO at June 30, 2000 THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 - GAAP BASIS
- ---------------------------------------------------------- TWELVE MONTHS % ENDED OF 6/30/00 SALES - ---------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 4,989 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 3,679 74% Selling, general and administrative expenses 88 2% Provision to reduce contract receivables 8 -- ------- TOTAL OPERATING COSTS AND EXPENSES 3,775 76% ------- OPERATING INCOME 1,214 24% OTHER INCOME AND (EXPENSE): Interest expense (947) -19% Interest and other income 173 2% Foreign currency transaction gain (loss) 11 -- Equity in earnings of affiliates (before income tax) 292 6% INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 743 15% Income tax provision 197 4% Minority interest 67 1% ------- INCOME BEFORE EXTRAORDINARY ITEM 479 10% Extraordinary item, net of tax- Early extinguishment of debt (24) 0% ------- NET INCOME $ 455 9% ------- -------
THE AES CORPORATION CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 - PRORATA BASIS
- --------------------------------------------------------- TWELVE MONTHS % ENDED OF 6/30/00 SALES - --------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 6,822 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 4,963 73% Selling, general and administrative expenses 87 1% Provision to reduce contract receivables 41 -- ------- TOTAL OPERATING COSTS AND EXPENSES 5,091 74% ------- OPERATING INCOME 1,731 26% OTHER INCOME AND (EXPENSE): Interest expense (1,297) -19% Interest and other income 264 3% Foreign currency transaction gain (loss) 45 -- INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 743 11% Income tax provision 197 3% Minority interest 67 1% ------- INCOME BEFORE EXTRAORDINARY ITEM 479 7% Extraordinary item, net of tax- Early extinguishment of debt (24) 0% ------- NET INCOME $ 455 7% ------- -------
THE AES CORPORATION GAAP BASIS CONSOLIDATED BALANCE SHEET JUNE 30, 2000 ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,200 Short-term investments 190 Accounts receivable, net 1,331 Inventory 437 Receivable from affiliates 33 Deferred income taxes 289 Prepaid revenue receivable (Thames) 543 Prepaid expenses and other current assets 459 -------- TOTAL CURRENT ASSETS 4,482 PROPERTY, PLANT AND EQUIPMENT Land 276 Electric generation and distribution assets 16,001 Accumulated depreciation and amortization (952) Construction in progress 1,903 -------- PROPERTY, PLANT AND EQUIPMENT, NET 17,228 OTHER ASSETS Deferred financing costs 276 Project development costs 93 Investments in and advances to affiliates 3,504 Debt service reserves and other deposits 441 Electricity sales concessions and contracts 1,158 Goodwill 802 Other assets 1,036 -------- TOTAL OTHER ASSETS 7,310 TOTAL $ 29,020 -------- -------- LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 398 Accrued interest 257 Accrued and other liabilities 1,379 Project financing debt - current portion 2,192 -------- TOTAL CURRENT LIABILITIES 4,226 LONG-TERM LIABILITIES Project financing debt 10,911 Other notes payable 2,617 Deferred incomes taxes 2,619 Other long-term liabilities 1,409 -------- TOTAL LONG-TERM LIABILITIES 17,556 Minority interest 1,654 TECONS 1,528 Preferred Stocks 66 STOCKHOLDERS' EQUITY Common Stock 5 Contributed capital / Additional paid in capital 3,781 Retained earnings 1,406 Accumulated other comprehensive loss (1,202) -------- TOTAL STOCKHOLDERS' EQUITY 3,990 TOTAL $ 29,020 ========
THE AES CORPORATION PRO RATA CONSOLIDATED BALANCE SHEET JUNE 30, 2000 ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,323 Short-term investments 190 Accounts receivable, net 1,769 Inventory 456 Receivable from affiliates 33 Deferred income taxes 307 Contract Receivable 543 Prepaid expenses and other current assets 645 -------- TOTAL CURRENT ASSETS 5,267 PROPERTY, PLANT AND EQUIPMENT Land 276 Electric generation and distribution assets 19,567 Accumulated depreciation and amortization (1,011) Construction in progress 1,913 -------- PROPERTY, PLANT AND EQUIPMENT, NET 20,745 OTHER ASSETS Deferred financing costs,net 284 Project development costs 96 Investments in and advances to affiliates 3,850 Debt service reserves and other deposits 716 Electricity sales concessions and contracts 1,158 Goodwill 802 Other assets 1,263 -------- TOTAL OTHER ASSETS 8,169 TOTAL $ 34,182 -------- -------- LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 565 Accrued interest 499 Accrued and other liabilities 1,705 Other notes payable - current portion 25 Project financing debt - current portion 2,550 -------- TOTAL CURRENT LIABILITIES 5,344 LONG-TERM LIABILITIES Project financing debt 11,707 Other notes payable 2,617 Deferred incomes taxes 2,619 Other long-term liabilities 2,397 -------- TOTAL LONG-TERM LIABILITIES 19,340 Minority interest 1,654 TECONS 1,528 Preferred Stocks 66 STOCKHOLDERS' EQUITY Common Stock 5 Contributed capital / Additional paid in capital 5,374 Retained earnings 1,953 Accumulated other comprehensive loss (1,082) -------- TOTAL STOCKHOLDERS' EQUITY 6,251 TOTAL $ 34,182 -------- --------
CILCORP CONSOLIDATED INCOME STATMENT
Twelve Months Ended 6/30/00 Revenue: CILCO Electric $ 384,954 CILCO Gas 181,348 CILCO Other 22,635 Other Businesses 18,164 --------- Total 607,101 --------- Operating Expenses: Fuel for Generation and Purchased Power 172,219 Gas Purchased for Resale 110,872 Other Operations and Maintenance 158,760 Depreciation and Amortization 78,067 Taxes, Other than Income Taxes 39,970 --------- Total 559,888 --------- Fixed Charges and Other: Interest Expense 57,214 Preferred Stock Dividends of Subsidiary 3,536 Allowance for Funds Used During Construction (334) Other 1,052 --------- Total 61,468 --------- Income From Continuing Operations Before Income Taxes (14,255) Income Taxes (3,499) --------- Net Income (Loss) From Continuing Operations (10,756) Income (Loss) From Operations of Discontinued Business, Net of Taxes (213) Extraordinary Item -- --------- Net Income (Loss) Before Minority Interest (10,969) Minority Interest -- --------- Net Income (Loss) (10,969) Other Comprehensive Income -- --------- Comprehensive Income (Loss) $ (10,969) --------- ---------
CENTRAL ILLINOIS LIGHT COMPANY CONSOLIDATED STATEMENTS OF INCOME
Twelve Months Ended ------------------- 06/30/2000 Operating Revenues: Electric $ 384,954 Gas 181,348 --------- 566,302 --------- Operating Expenses: Cost of Fuel 84,634 Cost of Gas 101,881 Purchased Power 66,228 Other Operation & Maintenance Expenses 141,541 Depreciation and Amortization 67,802 Income Taxes 15,157 Other Taxes 39,822 --------- Total Operating Expenses 517,065 --------- Operating Income 49,237 Other Income and Deductions CILCO Owned Life Insurance (1,052) Other, Net (107) --------- Total other income and (deductions) (1,159) --------- Income Before Interest Expenses 48,078 Interest Expenses: Interest on Long-Term Debt 18,477 Cost of Borrowed Funds Capitalized (334) Other 4,268 --------- Total interest expense 22,411 --------- Net (loss) Income Before Preferred Dividends 25,667 --------- Preferred Stock Dividends 3,536 --------- Net Inc Available for Common Stock $ 22,131 --------- ---------
CILCORP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (IN THOUSANDS)
June 30, 2000 ----------- (Unaudited) ASSETS Current assets: Cash and temporary cash investments $ 4,252 Receivables, less reserves of $1,260 64,848 Accrued unbilled revenue 26,585 Fuel, at average cost 14,029 Materials and supplies, at average cost 16,839 Gas in underground storage, at average cost 14,391 FAC underrecoveries 5,135 Prepayments and other 13,078 ---------- Total current assets 159,157 ---------- Investments and other property: Investment in leveraged leases 140,132 Cash surrender value of company-owned life insurance, net of related policy loans of $57,520 2,656 Other investments 23,827 ---------- Total investments and other property 166,615 ---------- Property, plant and equipment: Utility plant, at original cost Electric 631,948 Gas 210,746 ---------- 842,694 Less - accumulated provision for depreciation 39,763 ---------- 802,931 Construction work in progress 50,034 Other, net of depreciation 220 ---------- Total property, plant and equipment 853,185 ---------- Other assets Goodwill, net of accumulated amortization of $10,026 564,160 Other 60,803 ---------- Total other assets 624,963 ---------- Total assets $1,803,920 ---------- ----------
CILCORP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (IN THOUSANDS)
June 30, 2000 ----------- (Unaudited) LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ -- Notes payable 99,700 Accounts payable 51,498 Accrued taxes 7,350 Accrued interest 16,887 PGA overrecoveries 2,465 Other 3,560 ----------- Total current liabilities 181,460 ----------- Long-term debt 738,457 ----------- Deferred credits and other liabilities: Accumulated deferred income taxes 239,414 Regulatory liability of regulated subsidiary 22,453 Deferred investment tax credits 16,975 Other 74,372 ----------- Total deferred credits and other liabilities 353,214 ----------- Preferred stock of subsidiary 66,120 ----------- Stockholders' equity: Common stock, no par value; authorized 10,000 shares - outstanding 1,000 shares -- Additional Paid-in Capital 468,833 Retained deficit (4,164) ----------- Total stockholders' equity 464,669 ----------- Commitments and contingencies Total liabilities and stockholders' equity $ 1,803,920 ----------- -----------
CENTRAL ILLINOIS LIGHT COMPANY CONSOLIDATED BALANCE SHEETS (IN THOUSANDS)
June 30, 2000 ----------- (Unaudited) ASSETS Utility plant, at original cost: Electric $1,270,248 Gas 434,113 ---------- 1,704,361 Less - accumulated provision for depreciation 901,430 ---------- 802,931 Construction work in progress 50,034 ---------- Total utility plant 852,965 ---------- Other property and investments: Cash surrender value of company-owned life insurance (net of related policy loans of $57,520) 2,656 Other 1,192 ---------- Total other property and investments 3,848 ---------- Current assets: Cash and temporary cash investments 2,830 Receivables, less reserves of $1,260 45,583 Accrued unbilled revenue 25,069 Fuel, at average cost 14,029 Materials and supplies, at average cost 16,464 Gas in underground storage, at average cost 14,391 Prepaid taxes 6,778 FAC underrecoveries 5,135 Other 13,000 ---------- Total current assets 143,279 ---------- Deferred debits: Unamortized loss on reacquired debt 2,813 Unamortized debt expense 1,488 Prepaid pension cost 308 Other 26,974 ---------- Total deferred debits 31,583 ---------- Total assets $1,031,675 ---------- ----------
CENTRAL ILLINOIS LIGHT COMPANY CONSOLIDATED BALANCE SHEETS (IN THOUSANDS)
June 30, 2000 ----------- (Unaudited) CAPITALIZATION AND LIABILITIES 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 126,275 Accumulated other comprehensive income (60) ----------- Total common stockholder's equity 338,876 Preferred stock without mandatory redemption 44,120 Preferred stock with mandatory redemption 22,000 Long-term debt 245,957 ----------- Total capitalization 650,953 ----------- Current liabilities: Current maturities of long-term debt -- Notes payable 56,700 Accounts payable 40,859 Accrued taxes 13,449 Accrued interest 7,802 PGA overrecoveries 2,465 Level payment plan 1 Other 3,487 ----------- Total current liabilities 124,763 ----------- Deferred credits and other liabilities: Accumulated deferred income taxes 139,795 Regulatory liability 22,453 Deferred investment tax credit 16,975 Capital lease obligation 906 Other 75,830 ----------- Total deferred credits and other liabilities 255,959 ----------- Total capitalization and liabilities $ 1,031,675 ----------- -----------
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. 6/30/00 12 Mos. 12/31/99 - -------------------------------------------------------------------------------- GROSS REVENUES %-CILCO 11.42% 15.14% CILCO 589 562 AES 4,989 3,253 AES/CILCORP 5,159 3,713 - -------------------------------------------------------------------------------- GROSS REVENUES %-CILCORP 11.76% 15.65% CILCORP (Including CILCO) 607 581 AES 4,989 3,253 AES/CILCORP 5,159 3,713 - -------------------------------------------------------------------------------- NET OPERATING REVENUES %-CILCO 9.65% 12.69% CILCO 401 376 AES 4,088 2,655 AES/CILCORP 4,154 2,962 - -------------------------------------------------------------------------------- NET OPERATING REVENUES %-CILCORP 9.87% 13.64% CILCORP (Including CILCO) 410 404 AES 4,088 2,655 AES/CILCORP 4,154 2,962 - -------------------------------------------------------------------------------- OPERATING INCOME %-CILCO 5.07% 5.78% CILCO 61 55 AES 1,214 925 AES/CILCORP 1,203 952 - -------------------------------------------------------------------------------- OPERATING INCOME %-CILCORP 3.91% 4.30% CILCORP (Including CILCO) 47 41 AES 1,214 925 AES/CILCORP 1,203 952 - -------------------------------------------------------------------------------- NET INCOME %-CILCO 5% 6.99% CILCO 22 16 AES 455 228 AES/CILCORP 440 229 - -------------------------------------------------------------------------------- NET INCOME %-CILCORP -2.5% -.44% CILCORP (Including CILCO) (11) (1) AES 455 228 AES/CILCORP 440 229 - -------------------------------------------------------------------------------- NET ASSETS %-CILCO 3.56% 4.86% CILCO 1,032 1,056 AES 29,020 21,744 AES/CILCORP 29,020 21,744 - -------------------------------------------------------------------------------- NET ASSETS %-CILCORP 6.22% 8.42% CILCORP (Including CILCO) 1,804 1,831 AES 29,020 21,744 AES/CILCORP 29,020 21,744 - --------------------------------------------------------------------------------
CILCO/CILCORP Contributions To AES/CILCORP CONSOLIDATED HOLDING COMPANY (PRO RATA CONSOLIDATION BASIS) ($MM)
- -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 12 Mos. 6/30/00 12 Mos. 12/31/99 - -------------------------------------------------------------------------------- GROSS REVENUES %-CILCO 8.42% 11.78% CILCO 589 562 AES 6,822 4,309 AES/CILCORP 6,992 4,769 - -------------------------------------------------------------------------------- GROSS REVENUES %-CILCORP 8.68% 12.18% CILCORP (Including CILCO) 607 581 AES 6,822 4,309 AES/CILCORP 6,992 4,769 - -------------------------------------------------------------------------------- NET OPERATING REVENUES %-CILCO 5.82% 9.49% CILCO 401 376 AES 5,857 3,656 AES/CILCORP 6,888 3,963 - -------------------------------------------------------------------------------- NET OPERATING REVENUES %-CILCORP 5.95% 10.19% CILCORP (Including CILCO) 410 404 AES 5,857 3,656 AES/CILCORP 6,888 3,963 - -------------------------------------------------------------------------------- OPERATING INCOME %-CILCO 3.54% 4.29% CILCO 61 55 AES 1,731 1,256 AES/CILCORP 1,721 1,283 - -------------------------------------------------------------------------------- OPERATING INCOME %-CILCORP 2.73% 3.20% CILCORP (Including CILCO) 47 41 AES 1,731 1,256 AES/CILCORP 1,721 1,283 - -------------------------------------------------------------------------------- NET INCOME %-CILCO 5% 6.99% CILCO 22 16 AES 455 228 AES/CILCORP 440 229 - -------------------------------------------------------------------------------- NET INCOME %-CILCORP -2.5% -44% CILCORP (Including CILCO) (11) (1) AES 455 228 AES/CILCORP 440 229 - -------------------------------------------------------------------------------- NET ASSETS %-CILCO 3% 4.64% CILCO 1,032 1,056 AES 34,182 22,759 AES/CILCORP 34,182 22,759 - -------------------------------------------------------------------------------- NET ASSETS %-CILCORP 5.27% 8.05% CILCORP (Including CILCO) 1,804 1,831 AES 34,182 22,759 AES/CILCORP 34,182 22,759 - --------------------------------------------------------------------------------
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION: AES Generating Plants in Operation at June 30, 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 1,437.00 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 17.00 24.48 FUCO Ilha dos Pombos - Light Brazil 164 17.00 27.88 FUCO Nilo Pecanha - Light Brazil 380 17.00 64.60 FUCO Pereira Passos - Light Brazil 100 17.00 17.00 FUCO CEMIG (37 plants) Brazil 5,668 8.70* 493.12 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 Changqing Nanchuan China 50 70.00 35.00 FUCO AES Ekibastuz Kazakhstan 4,000 100.00 4,000.00 FUCO AES Ust-Kamenogorsk GES Kazakhstan 332 100.00 332.00 FUCO AES Shulbinsk GES Kazakhstan 702 100.00 702.00 FUCO AES Ust-Kamenogorsk TETS Kazakhstan 1,464 100.00 1,464.00 FUCO AES Leninogorsk TETS Kazakhstan 418 100.00 418.00 FUCO AES Sogrinsk TETS Kazakhstan 349 100.00 349.00 FUCO AES Semiplatinsk TETS Kazakhstan 510 100.00 510.00 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 171 100.00 171.00 FUCO
AES Tisza II Hungary 860 100.00 860.00 FUCO AES Tiszapalkonya Hungary 250 100.00 250.00 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 92.00 478.40 FUCO Belfast West U.K. 120 92.00 110.40 FUCO AES Barry U.K. 230 100.00 230.00 FUCO AES Drax Power Ltd. U.K. 3960 100.00 3,960 FUCO AES Tiete (10 plants) Brazil 2644 39.00 1,031 FUCO AES Uruguaiana Brazil 150 100.00 150 FUCO AES Mtkvari Georgia 600 100.00 600 FUCO AES Khrami I Georgia 113 100.00 113 FUCO AES Khrami II Georgia 110 100.00 110 FUCO EDC (7 plants) Venezuela 2,265 81.00 1834.65 FUCO TOTAL - June 30, 2000 38,772 29,066.67 ------ --------- Pct. Of Foreign Generation 82.87% 77.15%
- --------------- * CEMIG owns 9% of 36 plants accounting for 5,458 MW and 1% of 1 plant accounting for 210 MW. CILCO Generating Plants at June 30, 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 Hallock Power Modules USA 13 100.00 13 IL PUC Kickapoo Power Modules USA 13 100.00 13 IL PUC ----- ----- TOTAL - June 30, 2000 1,172 1,172
Revenues from generation capacity - 12 months ended June 30, 2000: CILCO 154 5% AES (excluding CILCO) 3,096 95% Total 3,250 100%
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 26 MW increase in the amount of capacity owned by CILCO from 1,146 to 1,172 MW and a 6,009.68 MW increase in the amount of capacity owned by AES from 23,056.99 to 29,066.67 MW since March 31, 2000. There has also been a 13.3% increase in the total revenues earned from the capacity owned by AES and CILCO since March 31, 2000. The percentage of total revenues derived from the capacity owned by CILCO has remained the same at 5%. The physical location of the MW capacity added by CILCO since March 31, 2000 is all in the state of Illinois. The physical location of the MW capacity added by AES since March 31, 2000 is in the Republic of Georgia, Venezuela and Brazil. ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION: CILCO elec/gas transmission/distribution assets at June 30, 2000 739 Total AES (excl CILCO) electric distr. assets at June 30, 2000 15,451 ------ Total transmission and distribution assets 16,190 CILCO elec/gas transm/distr. revenues - 12 mos. June 30, 2000 412 AES (excl CILCO) electric distr. revenues - 12 mos. June 30, 2000 3,289 ------ Total electric/gas transm/distr. revenues 3,701
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 38.7% since March 31, 2000 and the total revenues derived from such assets has increased by 28.4% since March 31, 2000. CILCO's transmission and distribution assets and the revenues derived from such assets has slightly increased since March 31, 2000 while AES' transmission and distribution assets and the revenues derived from such assets has substantially increased since March 31, 2000. Accordingly, CILCO's percentage of the total transmission and distribution assets has decreased from 6.2% to 4.6% and CILCO's percentage of the total revenues from such assets has decreased from 13.9% to 11.1% since March 31, 2000. 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 29th day of August, 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-----