-----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, JlcfPMOhTNhK7d3mbTYruGvhWAxOOo0TzmYeOSEOH4f6sTibfA7qeVoFPWdzclcu H0zhzPe7hPFGqGFZWEmNmw== 0000912057-01-541439.txt : 20020412 0000912057-01-541439.hdr.sgml : 20020412 ACCESSION NUMBER: 0000912057-01-541439 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20011129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AES CORPORATION CENTRAL INDEX KEY: 0000874761 STANDARD INDUSTRIAL CLASSIFICATION: COGENERATION SERVICES & SMALL POWER PRODUCERS [4991] IRS NUMBER: 541163725 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-09465 FILM NUMBER: 1802882 BUSINESS ADDRESS: STREET 1: 1001 N 19TH ST STREET 2: STE 2000 CITY: ARLINGTON STATE: VA ZIP: 22209 BUSINESS PHONE: 7035221315 35-CERT 1 a2064780z35-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, 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, 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. A certificate complying with the Exemption Order is set forth below (as an attachment) for the period ending September 30, 2001. AES is separately filing a certificate in File No. 70-9779 as required by the Commission's order in Release No. 35-27363 in connection with the AES acquisition of IPALCO Enterprises, Inc. ("IPALCO"), which has a public-utility subsidiary company, Indianapolis Power & Light Company ("IPL"). Respectfully submitted, /s/ Earle H. O'Donnell ------------------------------- Earle H. O'Donnell Andrew B. Young Hugh E. Hilliard Dewey Ballantine LLP 1775 Pennsylvania Avenue, N.W. Washington, D.C. 20006 Dated: November 29, 2001 THE AES CORPORATION SEC FILING PURSUANT TO SECTION 3(a)(5) EXEMPTION ORDER QUARTER ENDED SEPTEMBER 30, 2001 ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED): 1) Statement of Income of The AES Corporation for the 12 months ended September 30, 2001: a) 12 months ended September 30, 2001 GAAP consolidated income statement b) 12 months ended September 30, 2001 pro rata consolidated income statement 2) Balance Sheet of The AES Corporation at September 30, 2001 a) GAAP Basis Consolidated Balance Sheet b) Pro Rata Consolidated Balance Sheet 3) Statement of Income of CILCORP for the 12 months ended September 30, 2001 4) Statement of Income of CILCO for the 12 months ended September 30, 2001 5) Consolidated Balance Sheet of CILCORP at September 30, 2001 6) Consolidated Balance Sheet of CILCO at September 30, 2001 2 THE AES CORPORATION - ------------------- CONSOLIDATED STATEMENT OF OPERATIONS (INCLUDES CILCORP AND IPALCO) FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2001 - GAAP BASIS (UNAUDITED)
- ---------------------------------------------------------------------------------------------------------- TWELVE MONTHS ENDED 9/30/2001 - ---------------------------------------------------------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 9,168 OPERATING COSTS AND EXPENSES: Cost of sales and services 6,999 Selling, general and administrative expenses 103 ------------------------------ TOTAL OPERATING COSTS AND EXPENSES 7,102 ------------------------------ OPERATING INCOME 2,066 OTHER INCOME AND (EXPENSE): Interest expense, net (1,569) Equity in earnings of affiliates (before income tax) 282 Other income (expense) 254 Nonrecurring severance and transaction costs (215) Loss on sale of Power Direct (31) ------------------------------ INCOME BEFORE INCOME TAXES, MINORITY INTEREST AND EXTRAORDINARY ITEM 787 Income tax provision 218 Minority interest 119 ------------------------------ INCOME BEFORE EXTRAORDINARY ITEM 450 Extraordinary Item 4 ------------------------------ NET INCOME $ 446 ==============================
3 THE AES CORPORATION - ------------------- CONSOLIDATED STATEMENT OF OPERATIONS (INCLUDES CILCORP AND IPALCO) FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2001 - PRO RATA BASIS
- ------------------------------------------------------------------------------------------------------------- TWELVE MONTHS ENDED 9/30/2001 - ------------------------------------------------------------------------------------------------------------- ($ in millions, except per share amounts) REVENUES: Sales and services $ 10,261 OPERATING COSTS AND EXPENSES: Cost of sales and services 7,725 Selling, general and administrative expenses 107 ---------------------------------------- TOTAL OPERATING COSTS AND EXPENSES 7,832 ---------------------------------------- OPERATING INCOME 2,429 OTHER INCOME AND (EXPENSE): Interest expense, net (1,401) Other income (expense) (212) Nonrecurring severance and transaction costs (215) Loss on sale of Power Direct (31) ---------------------------------------- INCOME BEFORE INCOME TAXES, MINORITY INTEREST AND EXTRAORDINARY ITEM 570 Income tax provision 120 ---------------------------------------- INCOME BEFORE EXTRAORDINARY ITEM 450 Extraordinary item 4 ---------------------------------------- NET INCOME $ 446 ========================================
4 THE AES CORPORATION - ------------------- GAAP BASIS CONSOLIDATED BALANCE SHEET (INCLUDES CILCORP AND IPALCO) SEPTEMBER 30, 2001 (UNAUDITED) ($ in millions) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,297 Short-term investments 294 Accounts receivable, net 1,586 Inventory 589 Receivable from affiliates 17 Prepaid expenses and other current assets 572 ------------------- TOTAL CURRENT ASSETS 4,355 PROPERTY, PLANT AND EQUIPMENT Land 609 Electric generation and distribution assets 20,661 Accumulated depreciation and amortization (3,125) Construction in progress 4,747 ------------------- PROPERTY, PLANT AND EQUIPMENT, NET 22,892 OTHER ASSETS Deferred financing costs, net 447 Project development costs 80 Investments in and advances to affiliates 3,005 Debt service reserves and other deposits 408 Excess of cost net assets acquired, net 2,834 Other assets 2,360 ------------------- TOTAL OTHER ASSETS 9,134 TOTAL $ 36,381 ===================
5 LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 771 Accrued interest 505 Accrued and other liabilities 1,624 Non-recourse debt - current portion 2,466 ------------------- TOTAL CURRENT LIABILITIES 5,366 LONG-TERM LIABILITIES Non-recourse debt 14,291 Recourse debt 5,396 Deferred incomes taxes 2,105 Other long-term liabilities 1,757 ------------------- TOTAL LONG-TERM LIABILITIES 23,549 Minority interest 1,110 Company-obligated Convertible Mandatorily Redeemable Preferred Securities of Subsidiary Trusts Holding Solely Junior Debentures of AES 1,228 STOCKHOLDERS' EQUITY Common Stock 5 Additional paid-in Capital 5,207 Retained earnings 2,757 Accumulated other comprehensive loss (2,841) ------------------- TOTAL STOCKHOLDERS' EQUITY 5,128 TOTAL $ 36,381 ===================
6 THE AES CORPORATION - ------------------- PRO RATA CONSOLIDATED BALANCE SHEET (INCLUDES CILCORP AND IPALCO) SEPTEMBER 30, 2001 ($ in millions) ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,372 Short-term investments 246 Accounts receivable, net 1,745 Inventory 565 Receivable from affiliates 12 Deferred income taxes 62 Prepaid expenses and other current assets 670 ------------------- TOTAL CURRENT ASSETS 4,672 PROPERTY, PLANT AND EQUIPMENT Land 715 Electric generation and distribution assets 22,029 Accumulated depreciation and amortization (3,458) Construction in progress 4,672 ------------------- PROPERTY, PLANT AND EQUIPMENT, NET 23,958 OTHER ASSETS Deferred financing costs, net 424 Project development costs 84 Investments in and advances to affiliates 3,336 Debt service reserves and other deposits 688 Excess of Cost over Net Assets Acquired 2,566 Other assets 2,407 ------------------- TOTAL OTHER ASSETS 9,505 TOTAL $ 38,135 ===================
7 LIABILITIES & STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable $ 865 Accrued interest 549 Accrued and other liabilities 1,644 Other notes payable - current portion 814 Project financing debt - current portion 1,798 ------------------- TOTAL CURRENT LIABILITIES 5,670 LONG-TERM LIABILITIES Recourse Debt-LT 5,396 Project Financing Debt-LT 14,568 Other notes payable-LT 158 Deferred Tax Liability 2,092 Other long-term liabilities 2,364 ------------------- TOTAL LONG-TERM LIABILITIES 24,578 TECONS 1,228 STOCKHOLDERS' EQUITY Common Stock 5 Contributed capital / Additional paid in capital 5,845 Retained earnings 3,650 Accumulated other comprehensive loss (2,841) ------------------- TOTAL STOCKHOLDERS' EQUITY 6,659 TOTAL $ 38,135 ===================
8 CILCORP CONSOLIDATED INCOME STATEMENT TWELVE MONTHS ENDED 9/30/2001 (UNAUDITED) REVENUE: CILCO ELECTRIC $ 394,181 CILCO GAS 330,995 CILCO OTHER 87,791 OTHER BUSINESSES 59,262 ------------------------------------ TOTAL 872,229 ------------------------------------ OPERATING EXPENSES: FUEL FOR GENERATION AND PURCHASED POWER 228,381 GAS PURCHASED FOR RESALE 284,484 OTHER OPERATIONS AND MAINTENANCE 124,562 DEPRECIATION AND AMORTIZATION 87,412 TAXES, OTHER THAN INCOME TAXES 40,120 ------------------------------------ TOTAL 764,959 ------------------------------------ FIXED CHARGES AND OTHER: INTEREST EXPENSE 71,969 PREFERRED STOCK DIVIDENDS OF SUBSIDIARY 2,159 ALLOWANCE FOR FUNDS USED DURING CONSTRUCTION (253) OTHER 1,404 ------------------------------------ TOTAL 75,279 ------------------------------------ INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 31,991 INCOME TAXES 15,634 NET INCOME (LOSS) FROM CONTINUING OPERATIONS 16,357 INCOME (LOSS) FROM OPERATIONS OF DISCONTINUED BUSINESS, NET OF TAXES (4,278) EXTRAORDINARY ITEM - NET INCOME (LOSS) BEFORE MINORITY INTEREST 12,079 MINORITY INTEREST - ------------------------------------ NET INCOME (LOSS) 12,079 OTHER COMPREHENSIVE INCOME (13,147) ------------------------------------ COMPREHENSIVE INCOME (LOSS) $ (1,068) ====================================
9 CENTRAL ILLINOIS LIGHT COMPANY CONSOLIDATED STATEMENT OF INCOME (unaudited)
Twelve Months Ended 9/30/2001 Operating Revenues: Electric $ 394,181 Gas 330,995 ------------------- 725,176 ------------------- Operating Expenses: Cost of Fuel 139,771 Cost of Gas 242,912 Purchased Power 40,506 Other Operation & Maintenance Expenses 119,667 Depreciation and Amortization 68,184 Income Taxes 19,791 Other Taxes 40,016 ------------------- Total Operating Expenses 670,847 ------------------- Operating Income 54,329 Other Income and Deductions CILCO Owned Life Insurance (1,404) Other, Net 7,888 ------------------- Total other income and (deductions) 6,484 ------------------- Income Before Interest Expenses 60,813 Interest Expenses: Interest on Long-Term Debt 17,627 Cost of Borrowed Funds Capitalized (253) Other 6,915 ------------------- Total interest expense 24,289 ------------------- Net (loss) Income Before Preferred Dividends 36,524 ------------------- Preferred Stock Dividends 2,159 ------------------- Net Inc Available for Common Stock $ 34,365 ===================
10 CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands) (Unaudited)
September 30, 2001 ASSETS Current assets: Cash and temporary cash investments $ 11,223 Receivables, less reserves of $1,221 and $1,343 70,420 Accrued unbilled revenue 19,846 Fuel, at average cost 14,933 Materials and supplies, at average cost 18,632 Gas in underground storage, at average cost 31,405 FAC/PGA underrecoveries 2,284 Prepayments and other 5,936 ---------- Total current assets 174,679 ---------- Investments and other property: Investment in leveraged leases 135,889 Other investments 19,649 ---------- Total investments and other property 155,538 ---------- Property, plant and equipment: Utility plant, at original cost Electric 712,100 Gas 225,299 ---------- 937,399 Less - accumulated provision for depreciation 113,881 ---------- 823,518 Construction work in progress 40,142 Other, net of depreciation 47 ---------- Total property, plant and equipment 863,707 ---------- Other assets: Goodwill, net of accumulated amortization of $29,920 and $18,422 583,044 Other 80,930 ---------- Total other assets 663,974 ---------- Total assets $1,857,898 ==========
11 CILCORP INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands) (Unaudited)
September 30, 2001 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Current portion of long-term debt $ 11,800 Notes payable 89,000 Accounts payable 72,256 Accrued taxes 13,275 Accrued interest 24,785 FAC/PGA overrecoveries 311 Other 27,112 ---------- Total current liabilities 238,539 ---------- Long-term debt 717,718 ---------- Deferred credits and other liabilities: Deferred income taxes 195,369 Regulatory liability of regulated subsidiary 57,985 Deferred investment tax credits 14,955 Provision for out-of-market contract 62,000 Other 79,938 ---------- Total deferred credits and other liabilities 410,247 ---------- Preferred stock of subsidiary without mandatory redemption 19,120 Preferred stock of subsidiary with mandatory redemption 22,000 ---------- Total preferred stock of subsidiary 41,120 ---------- Stockholder's equity: Common stock, no par value; authorized 10,000 shares - outstanding 1,000 shares -- Additional paid-in capital 468,833 Retained earnings (deficit) (5,412) Accumulated other comprehensive income (loss) (13,147) ---------- Total stockholder's equity 450,274 ---------- Total liabilities and stockholder's equity $1,857,898 ==========
12 CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands) (Unaudited)
September 30, 2001 ASSETS Utility plant, at original cost: Electric $1,321,995 Gas 448,666 ---------- 1,770,661 Less - accumulated provision for depreciation 972,780 ---------- 797,881 Construction work in progress 40,142 ---------- Total utility plant 838,023 ---------- Other property and investments: Cash surrender value of company-owned life insurance (net of related policy loans of $65,207 and $59,292) 3,128 Other 1,133 ---------- Total other property and investments 4,261 ---------- Current assets: Cash and temporary cash investments 8,091 Receivables, less reserves of $1,221 and $1,343 68,350 Accrued unbilled revenue 17,529 Fuel, at average cost 14,933 Materials and supplies, at average cost 16,687 Gas in underground storage, at average cost 31,405 Prepaid taxes 4,851 FAC/PGA underrecoveries 2,284 Other 5,916 ---------- Total current assets 170,046 ---------- Deferred debits: Unamortized loss on reacquired debt 2,509 Unamortized debt expense 1,336 Prepaid pension cost 229 Other 53,762 ---------- Total deferred debits 57,836 ---------- Total assets $1,070,166 ==========
13 CENTRAL ILLINOIS LIGHT COMPANY Consolidated Balance Sheets (In thousands) (Unaudited)
September 30, 2001 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 133,788 Accumulated other comprehensive income (loss) (13,672) ---------- Total common stockholder's equity 332,777 Preferred stock without mandatory redemption 19,120 Preferred stock with mandatory redemption 22,000 Long-term debt 242,718 ---------- Total capitalization 616,615 ---------- Current liabilities: Current maturities of long-term debt 2,800 Notes payable 58,000 Accounts payable 68,696 Accrued taxes 25,500 Accrued interest 4,920 FAC/PGA overrecoveries 311 Other 27,112 ---------- Total current liabilities 187,339 ---------- Deferred credits and other liabilities: Deferred income taxes 107,626 Regulatory liability 57,985 Deferred investment tax credit 14,954 Capital lease obligation 159 Other 85,488 ---------- Total deferred credits and other liabilities 266,212 ---------- Total capitalization and liabilities $1,070,166 ==========
14 ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED): CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (GAAP BASIS) ($MM)
---------------------------------------------------- -------------------- -------------------- 12 MOS. 9/30/00 12 MOS. 9/30/01 ---------------------------------------------------- -------------------- -------------------- GROSS REVENUES %-CILCO 10.29% 8.87% CILCO 609 813 AES 5,903 8,296 AES/CILCORP 5,916 9,168 ---------------------------------------------------- -------------------- -------------------- GROSS REVENUES %-CILCORP 10.67% 9.51% CILCORP (Including CILCO) 631 872 AES 5,903 8,296 AES/CILCORP 5,916 9,168 ---------------------------------------------------- -------------------- -------------------- NET OPERATING REVENUES %-CILCO 9.04% 6.06% CILCO 393 428 AES 4,416 6,591 AES/CILCORP 4,347 7,064 ---------------------------------------------------- -------------------- -------------------- NET OPERATING REVENUES %-CILCORP 9.25% 6.70% CILCORP (Including CILCO) 402 473 AES 4,416 6,591 AES/CILCORP 4,347 7,064 ---------------------------------------------------- -------------------- -------------------- OPERATING INCOME %-CILCO 5.92% 4.02% CILCO 84 83 AES 1,421 1,983 AES/CILCORP 1,419 2,066 ---------------------------------------------------- -------------------- -------------------- OPERATING INCOME %-CILCORP 5.00% 5.18% CILCORP (Including CILCO) 71 107 AES 1,421 1,983 AES/CILCORP 1,419 2,066 ---------------------------------------------------- -------------------- -------------------- NET INCOME %-CILCO 6.99% 7.62% CILCO 36 34 AES 532 434 AES/CILCORP 515 446 ---------------------------------------------------- -------------------- -------------------- NET INCOME %-CILCORP -0.78% 2.69% CILCORP (Including CILCO) (4) 12 AES 532 434 AES/CILCORP 515 446 ---------------------------------------------------- -------------------- -------------------- NET ASSETS %-CILCO 3.56% 2.94% CILCO 1,049 1,070 AES 29,470 34,523 AES/CILCORP 29,470 36,381 ---------------------------------------------------- -------------------- -------------------- NET ASSETS %-CILCORP 6.49% 5.11% CILCORP (Including CILCO) 1,912 1,858 AES 29,470 34,523 AES/CILCORP 29,470 36,381 ---------------------------------------------------- -------------------- --------------------
15 CILCO/CILCORP CONTRIBUTIONS TO AES/CILCORP CONSOLIDATED HOLDING COMPANY (PRO RATA CONSOLIDATION BASIS) ($MM)
---------------------------------------------------- -------------------- -------------------- 12 MOS. 9/30/00 12 MOS. 9/30/01 ---------------------------------------------------- -------------------- -------------------- GROSS REVENUES %-CILCO 7.66% 7.92% CILCO 609 813 AES 7,935 9,389 AES/CILCORP 7,948 10,261 ---------------------------------------------------- -------------------- -------------------- GROSS REVENUES %-CILCORP 7.94% 8.50% CILCORP (Including CILCO) 631 872 AES 7,935 9,389 AES/CILCORP 7,948 10,261 ---------------------------------------------------- -------------------- -------------------- NET OPERATING REVENUES %-CILCO 6.14% 5.16% CILCO 393 428 AES 6,468 7,819 AES/CILCORP 6,398 8,292 ---------------------------------------------------- -------------------- -------------------- NET OPERATING REVENUES %-CILCORP 6.28% 5.70% CILCORP (Including CILCO) 402 473 AES 6,468 7,819 AES/CILCORP 6,398 8,292 ---------------------------------------------------- -------------------- -------------------- OPERATING INCOME %-CILCO 4.30% 3.42% CILCO 84 83 AES 1,968 2,322 AES/CILCORP 1,953 2,429 ---------------------------------------------------- -------------------- -------------------- OPERATING INCOME %-CILCORP 3.63% 4.41% CILCORP (Including CILCO) 71 107 AES 1,968 2,322 AES/CILCORP 1,953 2,429 ---------------------------------------------------- -------------------- -------------------- NET INCOME %-CILCO 6.99% 7.62% CILCO 36 34 AES 532 434 AES/CILCORP 515 446 ---------------------------------------------------- -------------------- -------------------- NET INCOME %-CILCORP -0.78% 2.69% CILCORP (Including CILCO) (4) 12 AES 532 434 AES/CILCORP 515 446 ---------------------------------------------------- -------------------- -------------------- NET ASSETS %-CILCO 2.98% 2.81% CILCO 1,049 1,070 AES 35,176 36,277 AES/CILCORP 35,176 38,135 ---------------------------------------------------- -------------------- -------------------- NET ASSETS %-CILCORP 5.44% 4.87% CILCORP (Including CILCO) 1,912 1,858 AES 35,176 36,277 AES/CILCORP 35,176 38,135 ---------------------------------------------------- -------------------- --------------------
16 ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION: AES Generating Plants in Operation at September 30, 2001 (excluding CILCORP and IPALCO):
AES AES CAPACITY INTEREST EQUITY REGULATORY UNIT COUNTRY (MW) (%) (MW) STATUS ------- ---- --- ---- ------ AES Deepwater USA 143 100 143 QF AES Beaver Valley USA 125 100 125 QF AES Placerita USA 120 100 120 QF AES Thames USA 181 100 181 QF AES Shady Point USA 320 100 320 QF AES Hawaii USA 180 100 180 QF AES Warrior Run USA 180 100 180 QF AES Somerset USA 675 100 675 EWG AES Cayuga USA 306 100 306 EWG AES Greenidge USA 161 100 161 EWG AES Westover USA 126 100 126 EWG AES Alamitos USA 2,083 100 2,083 EWG AES Redondo Beach USA 1,310 100 1,310 EWG AES Huntington Beach USA 563 100 563 EWG AES Thermo Ecotek - Hemphill USA 14 67 9 QF AES Thermo Ecotek - Whitefield USA 14 100 14 QF AES Thermo Ecotek - Mendota USA 25 100 25 QF AES Delano USA 50 100 50 QF AES Riverside USA 154 100 154 EWG AES Mountainview USA 126 100 126 EWG DOMESTIC SUBTOTAL: 6,856 6,851
AES AES CAPACITY INTEREST EQUITY REGULATORY UNIT COUNTRY (MW) (%) (MW) STATUS ------- ---- --- ---- ------ AES Kingston Canada 110 50 55 EWG AES San Nicholas Argentina 650 88 572 EWG AES Cabra Corral Argentina 102 98 100 FUCO AES El Tunal Argentina 10 98 10 FUCO AES Sarmiento Argentina 33 98 32 FUCO AES Ullum Argentina 45 98 44 FUCO AES Quebrada de Ullum Argentina 45 100 45 FUCO AES Alicura Argentina 1,000 100 1,000 FUCO Fontes Nova - Light Brazil 144 21 30 FUCO Ilha dos Pombos - Light Brazil 164 21 34 FUCO Nilo Pecanha - Light Brazil 380 21 80 FUCO Pereira Passos - Light Brazil 100 21 21 FUCO CEMIG - Miranda Brazil 390 9 35 FUCO CEMIG - Igarapava Brazil 210 1 2 FUCO CEMIG (35 plants) Brazil 5,068 9 441 FUCO AES Bayano Panama 150 49 74 FUCO
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AES AES CAPACITY INTEREST EQUITY REGULATORY UNIT COUNTRY (MW) (%) (MW) STATUS ------- ---- --- ---- ------ AES Panama Panama 42 49 21 FUCO AES Chiriqui - La Estrella Panama 42 49 21 FUCO AES Chiriqui - Los Valles Panama 48 49 24 FUCO AES Los Mina Dom. Rep. 210 100 210 EWG AES Yarra Australia 510 100 510 FUCO AES Jeeralang Australia 449 100 449 FUCO AES Mt. Stuart Australia 288 100 288 FUCO AES Xiangci - Cili China 26 51 13 FUCO Wuhu Grassy Lake China 250 25 63 FUCO Yangchun China 15 25 4 FUCO Chengdu Lotus City China 48 35 17 FUCO AES Jiaozuo China 250 70 175 FUCO AES Hefei China 76 70 53 FUCO AES Hefei II China 39 70 27 FUCO AES Chongqing Nanchuan China 50 70 35 FUCO Yangcheng China 350 25 88 FUCO AES Ekibastuz Kazakhstan 4,000 100 4,000 FUCO AES Ust-Kamenogorsk GES Kazakhstan 331 100 331 FUCO AES Shulbinsk GES Kazakhstan 702 100 702 FUCO AES Ust-Kamenogorsk TETS Kazakhstan 1,464 100 1,464 FUCO AES Leninogorsk TETS Kazakhstan 418 100 418 FUCO AES Sogrinsk TETS Kazakhstan 349 100 349 FUCO AES Semipalatinsk TETS Kazakhstan 840 100 840 FUCO AES Ust-Kamenogorsk Heat Nets Kazakhstan 310 Mgmt. 0 FUCO OPGC India 420 49 206 FUCO AES Lal Pir Pakistan 351 90 316 FUCO AES PakGen Pakistan 344 90 310 FUCO AES Borsod Hungary 171 100 171 FUCO AES Tisza II Hungary 860 100 860 FUCO AES Tiszapalkonya Hungary 250 100 250 FUCO AES Elsta Netherlands 405 50 203 FUCO Medway U.K. 688 25 172 FUCO AES Indian Queens U.K. 140 100 140 EWG AES Kilroot U.K. 520 97 504 FUCO AES Belfast West U.K. 120 97 116 FUCO AES Barry U.K. 230 100 230 FUCO AES Drax U.K. 4,065 100 4,065 FUCO AES Fifoots Point U.K. 360 100 360 FUCO AES Uruguaiana Brazil 600 100 600 FUCO AES Tiete (10 plants) Brazil 2,650 53 1,405 FUCO EDC (4 plants) Venezuela 2,265 87 1,971 FUCO AES Merida III Mexico 484 55 266 FUCO AES Mtkvari Georgia 600 100 600 FUCO AES Khrami I Georgia 113 100 113 FUCO AES Khrami II Georgia 110 100 110 FUCO AES Ottana Italy 140 100 140 FUCO AES Mamonal Columbia 90 62 56 FUCO AES Centrogener (Gener - 8 Chile 756 99 748 FUCO plants)
18
AES AES CAPACITY INTEREST EQUITY REGULATORY UNIT COUNTRY (MW) (%) (MW) STATUS ------- ---- --- ---- ------ AES Chivor (Gener) Columbia 1,000 96 960 FUCO AES Electrica de Santiago (Gener) Chile 379 74 280 FUCO AES Energia Verde (Gener - 2 Chile 17 99 17 FUCO plants) AES Guacolda (Gener) Chile 304 49 149 FUCO AES Norgener (Gener - 2 plants) Chile 277 99 274 FUCO Itabo (Gener - 7 plants) Dom. Rep. 587 24 141 FUCO AES Bohemia Czech Rep. 50 83 42 FUCO AES Premnitz Germany 58 65 38 FUCO AES SONEL Cameroon 800 56 560 FUCO Central Dique Argentina 68 51 35 FUCO FOREIGN SUBTOTAL: 39,980 29,085 TOTAL - September 30, 2001 46,836 35,936 Foreign Generation as a Percentage of Total: 85% 81%
CILCORP Generating Plants at September 30, 2001:
AES AES CAPACITY INTEREST EQUITY REGULATORY UNIT COUNTRY (MW) (%) (MW) STATUS ------- ---- --- ---- ------ Edwards (3 units) USA 740 100 740 IL PUC Duck Creek USA 366 100 366 IL PUC Indian Trails USA 10 100 10 IL PUC Sterling Avenue USA 30 100 30 IL PUC Hallock Power Modules USA 13 100 13 IL PUC Kickapoo Power Modules USA 13 100 13 IL PUC TOTAL - September 30, 2001 1,172 1,172
Revenues from electric generation capacity - 12 months ended September 30, 2001 (millions of dollars): CILCORP 158 4% AES (excluding CILCORP)(1) 3,999 96% ----------- ----------- Total 4,157 100%
- ---------------- 1 Includes revenues from electric generating capacity owned by IPALCO. 19 CILCORP's electric revenues are allocated between electric generation and electric transmission and 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 generation capacity owned by CILCORP and a 994 MW increase in the amount of generation capacity owned by AES (excluding CILCORP and IPALCO) from 34,942 to 35,936 MW since June 30, 2001. There has been a 5.5% increase in the total revenues earned from the capacity owned by AES and CILCORP in the twelve-month period ended September 30, 2001 compared with the twelve-month period ended June 30, 2001. The percentage of total revenues derived from the generation capacity owned by CILCORP has remained the same at 4%. The physical location of the MW capacity added by AES since June 30, 2001 is in the United States, Argentina and Cameroon. ITEM (4) PER EXEMPTION ORDER - ELECTRIC TRANSMISSION AND DISTRIBUTION AND GAS DISTRIBUTION: Electric transmission and distribution and gas distribution assets owned as of September 30, 2001 (millions of dollars): CILCORP 766 Total AES (excluding CILCORP)(2) 5,974 ---------------- Total 6,740
Electric transmission and distribution and gas distribution revenues for 12 months ending September 30, 2001 (millions of dollars): CILCORP 568 AES (excluding CILCORP)(3) 5,536 ---------------- Total 6,104
CILCORP's electric revenues are allocated between electric generation and electric transmission and distribution activities according to utility rate base. AES transmission and distribution revenues are derived from the total revenues earned by AES transmission and distribution subsidiaries by multiplying these revenues by the percentage ownership interest of AES in those subsidiaries. - -------------------- 2 Includes transmission and distribution assets owned by IPALCO. 3 Includes revenues from transmission and distribution assets owned by IPALCO. 20 The total transmission and distribution assets owned by AES and CILCORP have decreased since June 30, 2001. CILCORP's transmission and distribution assets have increased slightly while the revenues derived from such assets have decreased slightly since June 30, 2001. AES' transmission and distribution assets have decreased slightly and the revenues derived from such assets have increased since June 30, 2001. CILCORP's percentage of the total transmission and distribution assets has remained the same at 11%, and CILCORP's percentage of the total revenues from such assets has decreased from 10% to 9% for the twelve-month period ending September 30, 2001 compared to the twelve-month period ending June 30, 2001. 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 during the third quarter of 2001. ITEM (6) PER EXEMPTION ORDER: During the third quarter of 2001, 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 November, 2001 by the undersigned thereunto duly authorized. The AES Corporation By: /s/ Erik Luckau ------------------------- Erik Luckau Associate General Counsel 21 -----END PRIVACY-ENHANCED MESSAGE-----