-----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, V44xEb85a9KUH234yemgRG6a6WNL+hY6KT7nbbfeyVkyTo5RsqZo3YlhME2yc+i+ mPVrwUTSnwr4Jbfguidggg== /in/edgar/work/0000912057-00-051484/0000912057-00-051484.txt : 20001129 0000912057-00-051484.hdr.sgml : 20001129 ACCESSION NUMBER: 0000912057-00-051484 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001128 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: 778256 BUSINESS ADDRESS: STREET 1: 1001 N 19TH ST STREET 2: STE 2000 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7035221315 35-CERT 1 a2032104z35-cert.txt 35-CERT 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 September 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: November 28, 2000 THE AES CORPORATION SEC FILING PURSUANT TO SECTION 3(a)(5) EXEMPTION ORDER QUARTER ENDED SEPTEMBER 30, 2000 ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED): 1) Statement of Income of The AES Corporation for the 12 months ended September 30, 2000: a) 12 months ended September 30, 2000 GAAP consolidated income statement b) 12 months ended September 30, 2000 pro rata consolidated income statement 2) Balance Sheet of The AES Corporation at September 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 September 30, 2000 4) Statement of Income CILCO for the 12 months ended September 30, 2000 5) Consolidated Balance Sheet of CILCORP Inc. at September 30, 2000 6) Consolidated Balance Sheet of CILCO at September 30, 2000 THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000 - GAAP BASIS - ----------------------------------------------------------------------------- Twelve Months % Ended of 9/30/2000 Sales - ----------------------------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 5,903 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 4,378 74% Selling, general and administrative expenses 96 2% Provision to reduce contract receivables 8 - ----------------- Total operating costs and expenses 4,482 76% ----------------- OPERATING INCOME 1,421 24% OTHER INCOME AND (EXPENSE): Interest expense (1,171) -20% Interest and other income 208 3% Foreign currency transaction gain (loss) 9 - Equity in earnings of affiliates (before income tax) 398 7% INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 865 15% Income tax provision 222 4% Minority interest 87 1% ----------------- INCOME BEFORE EXTRAORDINARY ITEM 556 9% Extraordinary item, net of tax - Early extinguishment of debt (24) 0% ----------------- NET INCOME $ 532 9% =================
THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000 - PRORATA BASIS - ------------------------------------------------------------------------ Twelve Months % Ended of 9/30/2000 Sales - ------------------------------------------------------------------------ ($ in millions, except per share amounts) REVENUES: Sales and services $ 7,935 100% OPERATING COSTS AND EXPENSES: Cost of sales and services 5,832 73% Selling, general and administrative expenses 96 1% Provision to reduce contract receivables 39 - ------------ Total operating costs and expenses 5,967 75% ------------ OPERATING INCOME 1,968 25% OTHER INCOME AND (EXPENSE): Interest expense (1,514) -19% Interest and other income 296 3% Foreign currency transaction gain (loss) 115 - INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 865 11% Income tax provision 222 3% Minority interest 87 1% ------------ INCOME BEFORE EXTRAORDINARY ITEM 556 7% Extraordinary item, net of tax - Early extinguishment of debt (24) 0% ------------ NET INCOME $ 532 7% ============
THE AES CORPORATION GAAP BASIS CONSOLIDATED BALANCE SHEET SEPTEMBER 30, 2000 ($ in millions) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,322 Short-term investments 365 Accounts receivable, net 1,844 Inventory 525 Receivable from affiliates 37 Deferred income taxes 348 Prepaid revenue receivable (Thames) 543 Prepaid expenses and other current assets 819 -------- Total current assets 5,803 PROPERTY, PLANT AND EQUIPMENT Land 263 Electric generation and distribution assets 18,884 Accumulated depreciation and amortization (1,132) Construction in progress 2,703 -------- PROPERTY, PLANT AND EQUIPMENT, NET 20,718 OTHER ASSETS Deferred financing costs 319 Project development costs 101 Investments in and advances to affiliates 3,901 Debt service reserves and other deposits 882 Electricity sales concessions and contracts 1,254 Goodwill 953 Other assets 1,247 -------- TOTAL OTHER ASSETS 8,657 Total $ 35,178 ======== LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 802 Accrued interest 788 Accrued and other liabilities 1,448 Project financing debt - current portion 2,321 -------- TOTAL CURRENT LIABILITIES 5,359 LONG-TERM LIABILITIES Project financing debt 12,281 Other notes payable 3,294 Deferred incomes taxes 2,373 Other long-term liabilities 2,817 -------- TOTAL LONG-TERM LIABILITIES 20,765 Minority interest 1,360 TECONS 1,528 Preferred Stocks 41 STOCKHOLDERS' EQUITY Common Stock 5 Contributed capital / Additional paid in capital 5,569 Retained earnings 2,153 Accumulated other comprehensive loss (1,602) -------- TOTAL STOCKHOLDERS' EQUITY 6,125 Total $ 35,178 ========
THE AES CORPORATION PRO RATA CONSOLIDATED BALANCE SHEET SEPTEMBER 30, 2000 ($ in millions) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,106 Short-term investments 286 Accounts receivable, net 1,363 Inventory 505 Receivable from affiliates 37 Deferred income taxes 331 Contract Receivable 543 Prepaid expenses and other current assets 599 --------- Total current assets 4,770 PROPERTY, PLANT AND EQUIPMENT Land 262 Electric generation and distribution assets 15,353 Accumulated depreciation and amortization (1,061) Construction in progress 2,453 --------- Property, plant and equipment, net 17,007 OTHER ASSETS Deferred financing costs,net 309 Project development costs 98 Investments in and advances to affiliates 3,562 Debt service reserves and other deposits 492 Electricity sales concessions and contracts 1,254 Goodwill 953 Other assets 1,025 --------- TOTAL OTHER ASSETS 7,693 Total $ 29,470 ========= LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 594 Accrued interest 427 Accrued and other liabilities 1,123 Other notes payable - current portion - Project financing debt - current portion 2,118 --------- TOTAL CURRENT LIABILITIES 4,262 LONG-TERM LIABILITIES Project financing debt 11,153 Other notes payable 3,294 Deferred incomes taxes 2,373 Other long-term liabilities 1,453 --------- TOTAL LONG-TERM LIABILITIES 18,273 Minority interest 1,360 TECONS 1,528 Preferred Stocks 41 STOCKHOLDERS' EQUITY Common Stock 5 Contributed capital / Additional paid in capital 3,788 Retained earnings 1,541 Accumulated other comprehensive loss (1,328) --------- TOTAL STOCKHOLDERS' EQUITY 4,006 Total $ 29,470 =========
CONSOLIDATED STATEMENTS OF INCOME CILCORP INC. AND SUBSIDIARIES
Twelve Months Ended 9/30/2000 Revenue: CILCO Electric $ 383,340 CILCO Gas 186,038 CILCO Other 39,301 Other Businesses 22,786 ---------------------------------- Total 631,465 ---------------------------------- Operating expenses: Fuel for generation and purchased power 192,706 Gas purchased for resale 119,309 Other operations and maintenance 125,360 Depreciation and amortization 82,779 Taxes, other than income taxes 39,997 ---------------------------------- Total 560,151 ---------------------------------- Fixed charges and other: Interest expense 68,307 Preferred stock dividends of subsidiary 3,273 Allowance for funds used during construction (422) Other 1,096 ---------------------------------- Total 72,254 ---------------------------------- Income from continuing operations before income taxes (940) Income taxes 2,685 ---------------------------------- Net income (loss) from continuing operations (3,625) Income (Loss) from operations of discontinued business, net of taxes (213) Extraordinary Item - Net income (loss) before minority interest (3,838) Minority Interest - ---------------------------------- Net income (loss) (3,838) Other comprehensive income - ---------------------------------- Comprehensive income (loss) $ (3,838) ==================================
CENTRAL ILLINOIS LIGHT COMPANY CONSOLIDATED STATEMENTS OF INCOME
Twelve Months Ended 09/30/2000 Operating Revenues: Electric $ 383,340 Gas 186,038 ------------------- 569,378 ------------------- Operating Expenses: Cost of Fuel 108,079 Cost of Gas 106,463 Purchased Power 46,435 Other Operation & Maintenance Expenses 110,491 Depreciation and Amortization 69,017 Income Taxes 24,414 Other Taxes 39,850 ------------------- Total Operating Expenses 504,749 ------------------- Operating Income 64,629 Other Income and Deductions CILCO Owned Life Insurance (1,096) Other, Net (1,262) ------------------- Total other income and (deductions) (2,358) ------------------- Income Before Interest Expenses 62,271 Interest Expenses: Interest on Long-Term Debt 17,997 Cost of Borrowed Funds Capitalized (422) Other 5,002 ------------------- Total interest expense 22,577 ------------------- Net (loss) Income Before Preferred Dividends 39,694 ------------------- Preferred Stock Dividends 3,273 ------------------- Net Inc Available for Common Stock $ 36,421 ===================
CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands)
September 30, 2000 ASSETS (Unaudited) Current assets: Cash and temporary cash investments $ 15,948 Receivables, less reserves of $1,090 and $1,296 73,417 Accrued unbilled revenue 21,917 Fuel, at average cost 15,123 Materials and supplies, at average cost 16,943 Gas in underground storage, at average cost 31,580 FAC underrecoveries 1,865 Prepayments and other 10,501 ---------- Total current assets 187,294 ---------- Investments and other property: Investment in leveraged leases 140,796 Cash surrender value of company-owned life insurance, net of related policy loans of $58,454 and $53,558 2,589 Other investments 23,462 ---------- Total investments and other property 166,847 ---------- Property, plant and equipment: Utility plant, at original cost Electric 670,958 Gas 214,808 ---------- 885,766 Less - accumulated provision for depreciation 56,414 ---------- 829,352 Construction work in progress 54,110 Other, net of depreciation 182 ---------- Total property, plant and equipment 883,644 ---------- Other assets Goodwill, net of accumulated amortization of $13,598 and $2,881 599,228 Other 74,515 ---------- Total other assets 673,743 ---------- Total assets $1,911,528 ==========
The accompanying Notes to the Consolidated Financial Statements are an integral part of these Balance Sheets. 1 CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands)
September 30, 2000 LIABILITIES AND STOCKHOLDERS' EQUITY (Unaudited) Current liabilities: Current portion of long-term debt $ 8,500 Notes payable 121,200 Accounts payable 81,294 Accrued taxes 11,028 Accrued interest 24,280 PGA overrecoveries 117 Other 4,527 ---------- Total current liabilities 250,946 ---------- Long-term debt 729,969 ---------- Deferred credits and other liabilities: Accumulated deferred income taxes 204,999 Regulatory liability of regulated subsidiary 17,996 Deferred investment tax credits 16,567 Freeman contract liability 110,107 Other 73,482 ---------- Total deferred credits and other liabilities 423,151 ---------- Preferred stock of subsidiary 41,120 ---------- Stockholders' equity: Common stock, no par value; authorized 10,000 shares - outstanding 1,000 shares -- Additional Paid-in Capital 468,833 Retained deficit (2,491) ---------- Total stockholders' equity 466,342 ---------- Commitments and contingencies Total liabilities and stockholders' equity $1,911,528 ==========
The accompanying Notes to the Consolidated Financial Statements are an integral part of these Balance Sheets. 2 CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands)
September 30, ASSETS 2000 (Unaudited) Utility plant, at original cost: Electric $1,280,853 Gas 438,174 ---------- 1,719,027 Less - accumulated provision for depreciation 918,081 ---------- 800,946 Construction work in progress 54,110 ---------- Total utility plant 855,056 ---------- Other property and investments: Cash surrender value of company-owned life insurance (net of related policy loans of $58,454 and $53,558) 2,589 Other 1,200 ---------- Total other property and investments 3,789 ---------- Current assets: Cash and temporary cash investments 14,000 Receivables, less reserves of $1,090 and $1,296 51,461 Accrued unbilled revenue 20,104 Fuel, at average cost 15,123 Materials and supplies, at average cost 16,020 Gas in underground storage, at average cost 31,580 Prepaid taxes 6,865 FAC underrecoveries 1,865 Other 10,433 ---------- Total current assets 167,451 ---------- Deferred debits: Unamortized loss on reacquired debt 2,752 Unamortized debt expense 1,458 Prepaid pension cost 308 Other 18,169 ---------- Total deferred debits 22,687 ---------- Total assets $1,048,983 ==========
The accompanying Notes to the Consolidated Financial Statements are an integral part of these Balance Sheets. 3 CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands)
September 30, 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 139,424 Accumulated other comprehensive income (60) ---------- Total common stockholder's equity 352,025 Preferred stock without mandatory redemption 19,120 Preferred stock with mandatory redemption 22,000 Long-term debt 245,969 ---------- Total capitalization 639,114 ---------- Current liabilities: Current maturities of long-term debt -- Notes payable 75,200 Accounts payable 49,954 Accrued taxes 23,715 Accrued interest 4,742 PGA overrecoveries 117 Level payment plan -- Other 4,454 ---------- Total current liabilities 158,182 ---------- Deferred credits and other liabilities: Accumulated deferred income taxes 141,655 Regulatory liability 17,996 Deferred investment tax credit 16,567 Capital lease obligation 763 Other 74,706 ---------- Total deferred credits and other liabilities 251,687 ---------- Total capitalization and liabilities $1,048,983 ==========
The accompanying Notes to the Consolidated Financial Statements are an integral part of these Balance Sheets. 4 ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED): CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (GAAP BASIS) ($MM)
---------------------------------------------------- ------------------------- ------------------------ 12 Mos. 9/30/00 12 Mos. 12/31/99 ---------------------------------------------------- ------------------------- ------------------------ GROSS REVENUES %-CILCO 10.29% 15.14% CILCO 609 562 AES 5,903 3,253 AES/CILCORP 5,916 3,713 ---------------------------------------------------- ------------------------- ------------------------ GROSS REVENUES %-CILCORP 10.67% 15.65% CILCORP (Including CILCO) 631 581 AES 5,903 3,253 AES/CILCORP 5,916 3,713 ---------------------------------------------------- ------------------------- ------------------------ NET OPERATING REVENUES %-CILCO 9.04% 12.69% CILCO 393 376 AES 4,416 2,655 AES/CILCORP 4,347 2,962 ---------------------------------------------------- ------------------------- ------------------------ NET OPERATING REVENUES %-CILCORP 9.25% 13.64% CILCORP (Including CILCO) 402 404 AES 4,416 2,655 AES/CILCORP 4,347 2,962 ---------------------------------------------------- ------------------------- ------------------------ OPERATING INCOME %-CILCO 5.92% 5.78% CILCO 84 55 AES 1,421 925 AES/CILCORP 1,419 952 ---------------------------------------------------- ------------------------- ------------------------ OPERATING INCOME %-CILCORP 5.00% 4.30% CILCORP (Including CILCO) 71 41 AES 1,421 925 AES/CILCORP 1,419 952 ---------------------------------------------------- ------------------------- ------------------------ NET INCOME %-CILCO 6.99% 6.99% CILCO 36 16 AES 532 228 AES/CILCORP 515 229 ---------------------------------------------------- ------------------------- ------------------------ NET INCOME %-CILCORP -0.78% -0.44% CILCORP (Including CILCO) (4) (1) AES 532 228 AES/CILCORP 515 229 ---------------------------------------------------- ------------------------- ------------------------ NET ASSETS %-CILCO 3.56% 4.86% CILCO 1,049 1,056 AES 29,470 21,744 AES/CILCORP 29,470 21,744 ---------------------------------------------------- ------------------------- ------------------------ NET ASSETS %-CILCORP 6.49% 8.42% CILCORP (Including CILCO) 1,912 1,831 AES 29,470 21,744 AES/CILCORP 29,470 21,744 ---------------------------------------------------- ------------------------- ------------------------
CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (PRO RATA CONSOLIDATION BASIS) ($MM)
---------------------------------------------------- ------------------------- ------------------------ 12 Mos. 9/30/00 12 Mos. 12/31/99 ---------------------------------------------------- ------------------------- ------------------------ GROSS REVENUES %-CILCO 7.66% 11.78% CILCO 609 562 AES 7,935 4,309 AES/CILCORP 7,948 4,769 ---------------------------------------------------- ------------------------- ------------------------ GROSS REVENUES %-CILCORP 7.94% 12.18% CILCORP (Including CILCO) 631 581 AES 7,935 4,309 AES/CILCORP 7,948 4,769 ---------------------------------------------------- ------------------------- ------------------------ NET OPERATING REVENUES %-CILCO 6.14% 9.49% CILCO 393 376 AES 6,468 3,656 AES/CILCORP 6,398 3,963 ---------------------------------------------------- ------------------------- ------------------------ NET OPERATING REVENUES %-CILCORP 6.28% -- CILCORP (Including CILCO) 402 AES 6,468 AES/CILCORP 6,398 ---------------------------------------------------- ------------------------- ------------------------ OPERATING INCOME %-CILCO 4.30% 4.29% CILCO 84 55 AES 1,968 1,256 AES/CILCORP 1,953 1,283 ---------------------------------------------------- ------------------------- ------------------------ OPERATING INCOME %-CILCORP 3.63% 3.20% CILCORP (Including CILCO) 71 41 AES 1,968 1,256 AES/CILCORP 1,953 1,283 ---------------------------------------------------- ------------------------- ------------------------ NET INCOME %-CILCO 6.99% 6.99% CILCO 36 16 AES 532 228 AES/CILCORP 515 229 ---------------------------------------------------- ------------------------- ------------------------ NET INCOME %-CILCORP -0.78% -0.44% CILCORP (Including CILCO) (4) (1) AES 532 228 AES/CILCORP 515 229 ---------------------------------------------------- ------------------------- ------------------------ NET ASSETS %-CILCO 2.98% 4.64% CILCO 1,049 1,056 AES 35,176 22,759 AES/CILCORP 35,176 22,759 ---------------------------------------------------- ------------------------- ------------------------ NET ASSETS %-CILCORP 5.44% 8.05% CILCORP (Including CILCO) 1,912 1,831 AES 35,176 22,759 AES/CILCORP 35,176 22,759 ---------------------------------------------------- ------------------------- ------------------------
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION: AES Generating Plants in Operation at September 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 (4 plants) USA 1,268 100.00 1,268.00 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 AES Alicura Argentina 1,000 59.00 590.00 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 (2 plants) Panama 187 49.00 91.63 FUCO EGE Chiriqui (2 plants) Panama 90 49.00 44.10 FUCO AES Los Mina Dom. Rep. 210 100.00 210.00 EWG ECOGEN (2 plants) Australia 949 100.00 949.00 FUCO AES Mt. Stuart Australia 288 100.00 288.00 FUCO AES Xiangci - Cili China 26 51.00 13.26 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 (2 plants) China 115 70.00 80.50 FUCO AES Chongqing Nanchuan China 50 70.00 35.00 FUCO AES Ekibastuz Kazakhstan 4,000 100.00 4,000.00 FUCO AES Ust-Kamenogorsk GES Kazakhstan 331 100.00 331.00 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. 4,065 100.00 4,065.00 FUCO AES Tiete (10 plants) Brazil 2,650 44.00 1,166.00 FUCO AES Uruguaiana Brazil 150 100.00 150.00 FUCO AES Gardabani Georgia 600 100.00 600.00 FUCO AES Khrami I Georgia 113 100.00 113.00 FUCO AES Khrami II Georgia 110 100.00 110.00 FUCO EDC (7 plants) Venezuela 2,265 87.00 1,970.55 FUCO AES Merida III Mexico 484 55.00 266.20 FUCO ------ --------- TOTAL - September 30, 2000 40,112 30,054.67 Pct. Of Foreign Generation 83.86% 78.46%
* CEMIG owns 9% of 36 plants accounting for 5,458 MW and 1% of 1 plant accounting for 210 MW. CILCO Generating Plants at September 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 - September 30, 2000 1,172 1,172
Revenues from generation capacity - 12 months ended September 30, 2000: CILCO 153 4% AES (excluding CILCO) 3,464 96% ----- ---- Total 3,617 100%
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 no change in the amount of capacity owned by CILCO and a 988 MW increase in the amount of capacity owned by AES from 29,066.67 to 30,054.67 MW since June 30, 2000. There has also been an 11.3% increase in the total revenues earned 5 from the capacity owned by AES and CILCO since June 30, 2000. The percentage of total revenues derived from the capacity owned by CILCO has decreased from 5% to 4%. The physical location of the MW capacity added by AES since June 30, 2000 is in Mexico and Argentina. ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION: CILCO elec/gas transmission/distribution assets at September 30, 2000 751 Total AES (excl CILCO) electric distr. assets at June 30, 2000 15,711 ------ Total transmission and distribution assets 16,462 CILCO elec/gas transm/distr revenues - 12 mos. September 30, 2000 416 AES (excl CILCO) electric distr. revenues - 12 mos. June 30, 2000 3,853 ----- Total electric/gas transm/distr. revenues 4,269
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 have increased by 1.7% since June 30, 2000 and the total revenues derived from such assets has increased by 15.3% since June 30, 2000. CILCO's transmission and distribution assets and the revenues derived from such assets have increased slightly since June 30, 2000 while AES' transmission and distribution assets and the revenues derived from such assets have increased more substantially since June 30, 2000. Accordingly, CILCO's percentage of the total transmission and distribution assets has remained the same at 4.6% and CILCO's percentage of the total revenues from such assets has decreased from 11.1% to 9.7% since June 30, 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 28th day of November, 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-----