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Previous: DIVERSIFIED INVESTORS STRATEGIC ALLOCATION FUNDS, 485BPOS, 2000-04-28 |
Next: ESC MEDICAL SYSTEMS LTD, DEF 14A, 2000-04-28 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1999 and ending December 31, 1999
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
NEW CENTURY SERVICES, INC.
(Exact Name of Reporting Company)
A Subsidiary SERVICE COMPANY
("Mutual" or "Subsidiary")
Date of Incorporation April 2, 1997
State or Sovereign Power under which Incorporated or Organized: Delaware
Location of Principal Executive Offices of Reporting Company: Denver, Colorado
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Teresa S. Madden Controller 1225 17th Street Denver, CO 80202-5533
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by
Reporting Company:
NEW CENTURY ENERGIES, INC.
<PAGE>
Page 1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing. --Rule 94 provides that on or before the first day of May in
each calendar year, each mutual service company and each subsidiary service
company as to which the Commission shall have made a favorable finding pursuant
to Rule 88, and every service company whose application for approval or
declaration pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instructions for that
form.
2. Number of Copies. --Each annual report shall be filed in duplicate. The
company should prepare and retain at least one extra copy for itself in case
correspondence with reference to the report becomes necessary.
3. Period Covered by Report. --The first report filed by any company shall cover
the period from the date the Uniform System of Accounts was required to be made
effective as to that company under Rules 82 and 93 to the end of that calendar
year. Subsequent reports should cover a calendar year.
4. Report Format. --Reports shall be submitted on the forms prepared by the
Commission. If the space provided on any sheet of such form is inadequate,
additional sheets may be inserted of the same size as a sheet of the form or
folded to each size.
5. Money Amounts Displayed. --All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of dollars
or in hundred thousands of dollars, as appropriate and subject to provisions of
Regulation S-X (210.3-01(b)).
6. Deficits Displayed. --Deficits and other like entries shall be indicated by
the use of either brackets or a parenthesis with corresponding reference in
footnotes. (Regulation S-X,210.3-01(c))
7. Major Amendments or Corrections. --Any company desiring to amend or correct a
major omission or error in a report after it has been filed with the Commission
shall submit an amended report including only those pages, schedules, and
entries that are to be amended or corrected. A cover letter shall be submitted
requesting the Commission to incorporate the amended report changes and shall be
signed by a duly authorized officer of the company.
8. Definitions. --Definitions contained in Instruction 01-8 to the Uniform
System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart. --The service company shall submit with each annual
report a copy of its current organization chart.
10. Methods of Allocation. --The service company shall submit with each annual
report a listing of the currently effective methods of allocation being used by
the service company and on file with the Securities and Exchange Commission
pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed. --The service
company shall submit with each annual report a copy of the annual statement
supplied to each associate company in support of the amount of compensation for
use of capital billed during the calendar year.
<PAGE>
Page 2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Page
Description of Schedules and Accounts Account Number Number
Comparative Balance Sheets Schedule I 3-4
Service Company Property Schedule II 5
Accumulated Provision for Depreciation and
Amortization of Service Company Property Schedule III 6
Investments Schedule IV 7
Accounts Receivable from Associate Companies Schedule V 8
Fuel Stock Expenses Undistributed Schedule VI 9
Stores Expense Undistributed Schedule VII 9
Miscellaneous Current and Accrued Assets Schedule VIII 10
Miscellaneous Deferred Debits Schedule IX 10
Research, Development, or Demonstration Expenditures Schedule X 10
Proprietary Capital Schedule XI 11
Long-Term Debt Schedule XII 12
Current and Accrued Liabilities Schedule XIII 13
Notes to Financial Statements Schedule XIV 14-14e
Comparative Income Statement Schedule XV 15-15c
Analysis of Billing - Associate Companies Account 457 16
Analysis of Billing - Nonassociate Companies Account 458 17
Analysis of Charges for Service - Associate and
Nonassociate Companies Schedule XVI 18-18c
Schedule of Expense by Department or Service
Function Schedule XVII 19-19f
Departmental Analysis of Salaries Account 920 20
Outside Services Employed Account 923 21-21a
Employee Pensions and Benefits Account 926 22
General Advertising Expenses Account 930.1 23
<PAGE>
Page 2a
Schedule or Page
Description of Schedules and Accounts Account Number Number
Miscellaneous General Expenses Account 930.2 23
Rents Account 931 23
Taxes Other Than Income Taxes Account 408 24
Donations Account 426.1 25-25a
Other Deductions Account 426.5 26
Notes to Statements of Income Schedule XVIII 27
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Organization Chart 28
Methods of Allocation 29-29c
Annual Statement of Compensation for Use of Capital Billed 30
Signature Clause 31
<PAGE>
Page 3
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
SCHEDULE I--COMPARATIVE BALANCE SHEET
(thousands of dollars)
Give balance sheet of the Company as of December 31 of ther current and prior
year.
<TABLE>
<CAPTION>
DECEMBER 31,
ACCOUNT ASSETS AND OTHER DEBITS 1999 1998
<S> <C> <C> <C> <C>
SERVICE COMPANY PROPERTY
101 Service company property (Schedule II) $ - $ -
107 Construction work in progress (Schedule II) 1,012 (118)
-------- --------
Total Property 1,012 (118)
-------- --------
108 Less accumulated provision for depreciation and
amortization of service company property (Schedule III) - -
-------- --------
Net Service Company Property 1,012 (118)
-------- --------
INVESTMENTS
123 Investments in associate companies (Schedule IV) - -
124 Other Investments (Schedule IV) - -
-------- --------
Total Investments - -
-------- --------
CURRENT AND ACCRUED ASSETS
131 Cash 560 436
134 Special deposits - -
135 Working funds 12 15
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Accounts receivable 1,055 939
144 Accumulated provision for uncollectable accounts - -
146 Accounts receivable from associate companies (Schedule V) 43,647 31,698
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments 28,338 20,911
174 Miscellaneous current and accrued assets (Schedule VIII) - -
-------- --------
Total Current and Accrued Assets 73,612 53,999
-------- --------
DEFERRED DEBITS
181 Unamortized debt expense - -
184 Clearing accounts (609) 347
186 Miscellaneous deferred debits (Schedule IX) 2,195 1,019
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes - -
-------- --------
Total Deferred Debits 1,586 1,366
-------- --------
TOTAL ASSETS AND OTHER DEBITS $ 76,210 $ 55,247
======== ========
</TABLE>
<PAGE>
Page 4
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
SCHEDULE I--COMPARATIVE BALANCE SHEET
(thousands of dollars)
<TABLE>
<CAPTION>
DECEMBER 31,
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL 1999 1998
<S> <C> <C> <C> <C>
PROPRIETARY CAPITAL
201 Common stock issued (Schedule XI) $ - $ -
211 Miscellaneous paid-in-capital (Schedule XI) 1 1
215 Appropriated retained earnings (Schedule XI) - -
216 Unappropriated retained earnings (Schedule XI) - -
-------- --------
Total Proprietary Capital 1 1
-------- --------
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) - -
224 Other long-term debt (Schedule XII) - -
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt-debit - -
-------- --------
Total Long-Term Debt - -
-------- --------
CURRENT AND ACCRUED LIABILITIES
231 Notes payable - -
232 Accounts payable 12,498 7,767
233 Notes payable to associate companies (Schedule XIII) 30,200 25,150
234 Accounts payable to associate companies (Schedule XIII) 4,246 4,579
236 Taxes accrued 2,790 (598)
237 Interest accrued - -
238 Dividends declared - -
241 Tax collections payable (580) (753)
242 Miscellaneous current and accrued liabilities (Schedule XIII) 15,553 14,174
-------- --------
Total Current and Accrued Liabilities 64,707 50,319
-------- --------
DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES
228 Accumulated provision for pension and benefits 7,002 2,816
253 Other deferred credits 1,660 806
255 Accumulated deferred investment tax credits - -
-------- --------
Total Deferred Credits and Other Non-current
Liabilities 8,662 3,622
-------- --------
283 ACCUMULATED DEFERRED INCOME TAXES 2,840 1,305
-------- --------
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $ 76,210 $ 55,247
======== ========
</TABLE>
<PAGE>
Page 5
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE II--SERVICE COMPANY PROPERTY
(thousands of dollars)
<TABLE>
<CAPTION>
BALANCE AT RETIREMENTS OTHER BALANCE
BEGINNING OR CHANGES AT CLOSE
DESCRIPTION OF YEAR ADDITIONS SALES (1), (4) OF YEAR
---------- --------- ----------- -------- ---------
<S> <C> <C> <C> <C> <C> <C>
SERVICE COMPANY PROPERTY
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous intangible plant - - - - -
304 Land and land rights - - - - -
305 Structures and improvements - - - - -
306 Leasehold improvements - - - - -
307 Equipment (2) - - - - -
308 Office furniture and equipment - - - - -
309 Automobiles, other vehicles and - - - - -
related garage equipment - - - - -
310 Aircraft and airport equipment - - - - -
311 Other service company property(3) - - - - -
------ ------ ------ ----- ------
SUB-TOTAL - - - - -
107 Construction work in progress(4) (118) 1,012 - 118 1,012
------ ------ ------ ----- ------
TOTAL $ (118) $1,012 $ - $ 118 $1,012
====== ====== ====== ===== ======
</TABLE>
(1) Provide an explanation of those changes considered material: None
(2) Subaccounts are required for each class of equipment owned. The service
company shall provide a listing by subaccount of equipment additions during
the year and the balance at the close of the year: None
(3) Describe other service company property: None
(4) Describe construction work in progress: The balance at 12-31-99 represents
progress payments toward the purchase of an aircraft and a hydraulic power
unit for aircraft maintenance.
<PAGE>
Page 6
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE III--ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY
(thousands of dollars)
<TABLE>
<CAPTION>
BALANCE AT ADDITIONS RETIREMENTS OTHER BALANCE
BEGINNING TO ACCOUNT OR CHANGES AT CLOSE
DESCRIPTION OF YEAR 403 SALES (1) OF YEAR
---------- ---------- ----------- --------- ---------
<S> <C> <C> <C> <C> <C> <C>
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous intangible plant - - - - -
304 Land and land rights - - - - -
305 Structures and improvements - - - - -
306 Leasehold improvements - - - - -
307 Equipment - - - - -
308 Office furniture and equipment - - - - -
309 Automobiles, other vehicles and
related garage equipment - - - - -
310 Aircraft and airport equipment - - - - -
311 Other service company property - - - - -
---- ---- ---- ---- ----
TOTAL $ - $ - $ - $ - $ -
==== ==== ==== ==== ====
</TABLE>
(1) Provide an explanation of those changes considered material: None
<PAGE>
Page 7
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE IV--INVESTMENTS
(thousands of dollars)
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment separately, with
description, including the name of issuing company, number of shares or
principal amount, etc.
Under Account 136,"Temporary Cash Investments", list each investment separately.
BALANCE AT BALANCE AT
BEGINNING CLOSE
ACCOUNT ASSETS AND OTHER DEBITS OF YEAR OF YEAR
----------- ----------
123 Investment in associate companies $ - $ -
124 Other investments - -
136 Temporary cash investments - -
--------- ---------
TOTAL $ - $ -
========= =========
<PAGE>
Page 8
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE V--ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
(thousands of dollars)
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided accommodation or
convenience payments for associate companies, a separate listing of total
payments for each associate company by subaccount should be provided.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
---------- ----------
Account 146 -- Accounts Receivable from Associate
Companies
New Century Energies, Inc. $ 362 $ 1,103
NC Enterprises, Inc. 14 57
New Century Cadence, Inc. (8) 28
Cheyenne Light, Fuel and Power Company 328 220
1480 Welton, Inc. 87 35
Public Service Company of Colorado 17,227 24,666
PSR Investments, Inc. 43 37
e prime, inc. 1,373 453
New Century International, Inc. 103 564
Natural Fuels Corporation 172 532
Fuel Resources Development Co.,
a dissolved corporation - 1
PS Colorado Credit Corporation 60 116
WestGas InterState, Inc. 2 2
Utility Engineering Corporation 572 3,664
Quixx Corporation 1,780 182
Quixx Power Services, Inc. 44 5
Southwestern Public Service Company 8,804 10,704
The Planergy Group, Inc. 359 931
NCE Communications, Inc. - 20
New Century Centrus, Inc. 376 327
--------- ---------
TOTAL $ 31,698 $ 43,647
========= =========
TOTAL
PAYMENTS
---------
Analysis of Convenience or Accommodation Payments:
Public Service Company of Colorado $ 4,526
Southwestern Public Service Company 2,029
Cheyenne Light, Fuel and Power Company 93
New Century Energies, Inc. 58
PS Colorado Credit Corp. 9
PSR Investments, Inc. 5
WestGas Interstate 2
1480 Welton, Inc. 6
Quixx Corporation 6
--------
TOTAL PAYMENTS $ 6,734
========
The majority of convenience payments relate to insurance, benefits,
computer services.
<PAGE>
Page 9
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE VI--FUEL STOCK EXPENSES UNDISTRIBUTED
(thousands of dollars)
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
fuel stock expenses during the year and indicate amount attributable to each
associate company. Under the section headed "Summary" list below give an overall
report of the fuel functions performed by the service company.
DESCRIPTION LABOR EXPENSE TOTAL
-------- --------- --------
Account 152 -- Fuel Stock Expenses
Undistributed $ - $ - $ -
-------- ------- --------
TOTAL $ - $ - $ -
======== ======= ========
Summary: None
SCHEDULE VII--STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expenses during the year and indicate amount attributable to each
associate company.
DESCRIPTION LABOR EXPENSE TOTAL
----------- ------------ ----------
Account 163 -- Stores Expenses
Undistributed $ - $ - $ -
-------- -------- -------
TOTAL $ - $ - $ -
======== ======== =======
<PAGE>
Page 10
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE VIII--MISCELLANEOUS CURRENT AND ACCRUED ASSETS
(thousands of dollars)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
---------- ----------
Account 174 -- Miscellaneous Current and Accrued
Assets $ - $ -
--------- --------
TOTAL $ - $ -
========= ========
SCHEDULE IX--MISCELLANEOUS DEFERRED DEBITS
(thousands of dollars)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class showing the number of items in each class.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
---------- ----------
Account 186 -- Miscellaneous Deferred Debits
Deposit for purchase of aircraft $ 500 $ -
Prepaid pension 519 2,195
--------- --------
TOTAL $ 1,019 $ 2,195
========= ========
SCHEDULE X--RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
(thousands of dollars)
INSTRUCTIONS: Provide a description of each material research, development, or
demonstration project which incurred costs by the service corporation during the
year.
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
---------- ----------
Account 188 -- Research, Development, or Demonstration
Expenditures $ - $ -
--------- --------
TOTAL $ - $ -
========= ========
<PAGE>
Page 11
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XI--PROPRIETARY CAPITAL
(thousands of dollars, except per share data)
PAR OR OUTSTANDING AT
NUMBER OF STATED CLOSE OF PERIOD
ACCOUNT SHARES VALUE NUMBER TOTAL
NUMBER CLASS OF STOCK AUTHORIZED PER SHARE OF SHARES AMOUNT
201 COMMON STOCK ISSUED 1,000 $0.01 1,000 $ -
INSTRUCTIONS: Classify amounts in each account with a brief explanation,
disclosing the general nature of transactions which give rise to the amounts.
DESCRIPTION AMOUNT
Account 211 -- Miscellaneous Paid-In Capital $ 1
Account 215 -- Appropriated Retained Earnings -
------
TOTAL $ 1
======
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year,
distinguishing between compensation for the use of capital owned or net loss
remaining from servicing nonassociates per the General Instructions of the
Uniform System of Accounts. For dividends paid during the year in cash or
otherwise, provide rate percentage, amount of dividend, date declared and date
paid.
BALANCE AT BALANCE
BEGINNING NET INCOME DIVIDENDS AT CLOSE
DESCRIPTION OF YEAR OR (LOSS) PAID OF YEAR
Account 216 -- Unappropriated
Retained Earnings $ - $ - $ - $ -
------- -------- ------ -------
TOTAL $ - $ - $ - $ -
======= ======== ====== =======
<PAGE>
Page 12
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XII--LONG-TERM DEBT
(thousands of dollars)
INSTRUCTIONS: Advances from associate companies should be reported separately
for advances on notes and advances on open accounts. Names of associate
companies from which advances were received shall be shown under the class and
series of obligation column. For Account 224 - Other long-term debt provide the
name of creditor company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and outstanding.
<TABLE>
<CAPTION>
TERM OF OBLIGATION BALANCE AT BALANCE
CLASS & SERIES DATE OF INTEREST AMOUNT BEGINNING DEDUCTIONS AT CLOSE
NAME OF CREDITOR OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS (1) OF YEAR
- -------------------- -------------------- ----------- --------- ------------ ---------- --------- ----------- ----------
<S> <C> <C> <C> <C> <C>
Account 223 - Advances From Associate Companies: $ - $ - $ - $ - $ -
Account 224 - Other Long-Term Debt: - - - - -
-------- ------- ------ ------ ------
TOTAL $ - $ - $ - $ - $ -
======== ======= ====== ====== ======
</TABLE>
(1) Give an explanation of deductions: None
<PAGE>
Page 13
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XIII--CURRENT AND ACCRUED LIABILITIES
(thousands of dollars)
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current and accrued
liabilities. Items less than $10,000 may be grouped, showing the number of items
in each group.
<TABLE>
<CAPTION>
BALANCE AT BALANCE AT
BEGINNING CLOSE
DESCRIPTION OF YEAR OF YEAR
---------- ----------
<S> <C> <C>
Account 233 -- Notes Payable to Associate Companies
Notes Payable - New Century Energies, Inc. $ 25,150 $ 30,200
---------- ----------
TOTAL $ 25,150 $ 30,200
========== ==========
Account 234 -- Accounts Payable to Associate Companies
Accounts Payable - New Century Energies, Inc. $ (302) $ (28)
Accounts Payable - Cheyenne Light, Fuel and Power Company (5) 2
Accounts Payable - Public Service Company of Colorado 4,527 4,064
Accounts Payable - Quixx Corporation 1 (1)
Accounts Payable - Southwestern Public Service Company 358 209
---------- ----------
TOTAL $ 4,579 $ 4,246
========== ==========
Account 242 -- Miscellaneous Current and Accrued Liabilities
Accrued Vacation Liability $ 6,729 $ 7,264
Supplemental Executive Retirement Plan 852 852
Payroll 1,931 90
Current Liability - Outstanding Accounts Payable
checks (Norwest Bank at Grand Junction) 4,662 7,347
---------- ----------
TOTAL $ 14,174 $ 15,553
========== ==========
</TABLE>
<PAGE>
Page 14
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
Schedule XIV - NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars as to any
significant contingent assets or liabilities existing at the end of the year.
Notes relating to financial statements shown elsewhere in this report may be
indicated here by reference.
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization
New Century Services ("NCS" or the "Company"), a wholly-owned subsidiary
of New Century Energies, Inc. ("NCE"), was incorporated in 1997 in the State of
Delaware. NCS is the service company for the NCE system and provides a variety
of administrative, management, engineering, construction, environmental and
support services. NCS provides its services to the NCE system, at cost, pursuant
to service agreements approved by the Securities and Exchange Commission (`SEC")
under the Public Utility Holding Company Act of 1935 ("PUHCA"). The majority of
the of services performed by NCS for NCE system companies is provided to NCE's
two major operating utilities, Public Service Company of Colorado ("PSCo") and
Southwestern Public Service Company ("SPS").
Regulation
NCS is subject to regulation by the SEC under the PUHCA. NCS' accounting
policies conform to generally accepted accounting principles. NCS maintains its
accounts in accordance with the Uniform System of Accounts Prescribed for Public
Utilities and Licensees subject to the Provisions of the Federal Power Act
promulgated by the Federal Energy Regulatory Commission.
Management Estimates
The preparation of financial statements, in conformity with generally
accepted accounting principles, requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities and the
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates.
Fair Value Disclosure
The carrying amount of financial instruments approximates fair value.
Statement of Financial Accounting Standards No. 107, "Disclosures about Fair
Value of Financial Instruments", defines the fair value of a financial
instrument as the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.
The fair value estimates presented are based on pertinent information
available to management as of December 31, 1999 and 1998. These fair value
estimates have not been comprehensively revalued for purposes of
<PAGE>
Page 14a
these financial statements since that date, and current estimates of fair value
may differ significantly from the amounts presented herein.
Income Taxes
The Company's operations are included in the consolidated Federal income
tax return of NCE. The allocation of income tax consequences to the Company,
including alternative minimum tax, is calculated under a parent company policy
which provides that benefits or liabilities created by the Company, computed on
a separate return basis, will be allocated to (and paid to or by) the Company to
the extent the benefits are usable or additional liabilities are incurred in
NCE's consolidated tax returns. Deferred taxes are provided on temporary
differences between the financial accounting and tax bases of assets and
liabilities using the tax rates which are in effect at the balance sheet date
(see Note 6).
Stock-based Compensation
The Company uses the intrinsic value based method of accounting for its
stock-based compensation plan.
2. COMMON STOCK
NCS is authorized to issue 1,000 shares of Common Stock at a par value of
one cent ($0.01) per share. During 1999 and 1998, all shares of common stock
were issued and held by NCE.
3. SHORT-TERM BORROWING ARRANGEMENTS
At December 31, 1999, NCE had $325 million in credit facilities with
several banks: a $100 million facility expiring November 22, 2000 and a $225
million facility expiring August 11, 2002. The Board of Directors has authorized
the Company to borrow directly from NCE. At December 31, 1999, intercompany
borrowings outstanding totaled approximately $30 million at a weighted average
interest rate of 5.84%. At December 31, 1998, intercompany borrowings totaled
approximately $25 million at a weighted average interest rate of 5.32%.
4. COMMITMENTS AND CONTINGENCIES
Leasing Programs
The Company made payments for leases of various facilities used in the
normal course of business. The majority of the operating leases are under a
leasing program that has initial noncancelable terms of one year, while the
remaining leases have various terms. These leases may be renewed or replaced. No
material restrictions exist in these leasing agreements concerning dividends,
additional debt, or further leasing. Rental expense for the years ended December
31, 1999 and 1998 was approximately $5.8 million and $6.0 million, respectively.
Estimated future minimum lease payments at December 31, 1999 are as
follows (in thousands of dollars):
2000 $9,189
2001 4,448
2002 227
2003 180
2004 180
All years thereafter 720
<PAGE>
Page 14b
Service Agreements
In 1995, PSCo outsourced approximately 370 positions as part of a ten-year
service agreement with IBM Global Services to manage most of PSCo's information
technology systems and network infrastructure. Effective May 1, 1997, the
agreement was assigned to NCS and amended to include SPS' information technology
systems and network infrastructure. Effective December 1, 1999, this service
agreement was amended and extended through June 30, 2010. This amended service
agreement provides the Company more flexibility as to the amount, type and
quality of service provided by IBM Global Services.
For the years ended December 31, 1999 and 1998, NCS payments to IBM Global
Services were approximately $89 and $78 million, respectively. At December 31,
1999, the total estimated remaining commitment under this agreement is
approximately $600 million, with estimated annual payments ranging from $55
million to $65 million.
Contracts
NCS entered into a purchase agreement in September 1997 with Bombardier
Aerospace to acquire a certain aircraft. The purchase price is anticipated to be
approximately $8.4 million. A $0.5 million deposit was paid in September 1997,
an additional $0.5 million was paid in September 1999 and the balance is due
upon delivery, which is anticipated on or about September 2000.
Year 2000 Costs
The Company incurred costs of approximately $12 million to modify its
computer software, hardware and other automated systems used in operations
enabling proper data processing relating to the year 2000 ("Y2K") and beyond.
The Company successfully implemented these computer modifications by the end of
1999. The majority of all Y2K costs will be allocated to or incurred by NCE's
operating utilities. A significant portion of the costs incurred to address the
Company's Y2K issues represented the redeployment of existing information
technology resources. The correction or replacement of non-compliant systems was
successfully completed during 1999. The Company anticipates no additional risk
to its business operations as a result of the Y2K issue.
5. EMPLOYEE BENEFITS
Pensions
The Company participates in tax qualified noncontributory defined benefit
pension plans which cover substantially all NCE employees. At December 31, 1999,
there were 5,610 NCE employees (including 1,260 Company employees) participating
in these plans. NCE, as the plan sponsor, has overall responsibility for
directly allocating such costs of each individual plan to each of the
participating employers. This allocation was determined by the plans' actuary
based on benefit obligations for active participants.
Plan assets are held in a master trust. Plan assets are stated at fair
value and are comprised primarily of corporate debt and equity securities, a
real estate fund and government securities held either directly or in commingled
funds. The Company's funding policy is to contribute annually, at a minimum, the
amount necessary to satisfy the Internal Revenue Service funding standards.
Because of the overfunded status of the plans, no contributions were made by the
Company or other participating employers during 1999 and 1998.
<PAGE>
Page 14c
Summary information of the actuarially computed benefit obligation, plan
assets, funded status and prepaid pension asset for the NCE Plans at December
31, 1999 and 1998, is presented in the following table (in thousands).
1999 1998
------- ------
Benefit obligation.......................... $ 922,778 $1,013,791
Fair value of plan assets................... 1,344,656 1,238,921
---------- ----------
Funded status: Plan assets exceed
benefit obligations...................... $ 421,878 $ 225,130
========== ==========
NCE prepaid pension asset................... $ 69,799 $ 40,348
========== ==========
The assumed discount rates used in 1999 and 1998 were 8.0% and 6.75%,
respectively. The rate of expected long-term increase in compensation level was
4% in both 1999 and 1998.
The Company's net periodic pension cost (credit) for the years ended
December 31, 1999 and 1998 and significant assumptions used by the Company's
actuary in the determination of these amounts are presented in the following
table (in thousand of dollars):
1999 1998
------- ------
Company's net periodic pension cost (credit) $ (1,676) $ (519)
========= =========
Significant assumptions:
Discount rate............................. 6.75% 7.0%
Expected long-term increase in compensation
level ................................. 4.0% 4.0%
Expected weighted average long-term rate of
return on assets ...................... 10.0% 9.5%
Defined Contribution Plans
The Company participates in defined contribution plans, which cover
substantially all NCE employees. Total costs of these plans incurred by NCS for
the years ended December 31, 1999 and 1998 totaled $4.0 million and $4.2
million, respectively.
Postretirement Benefits Other Than Pensions
The Company provides certain postretirement health care and life insurance
benefits for substantially all employees who reach retirement age while working
for the Company. The Company participates in various health and welfare plans
administered by NCE. NCE, as the plan sponsor, will continue to reflect the
costs of these plans in accordance with the full accrual accounting adopted in
1993 and directly allocate such costs to each of the participating employers.
Prior to 1993, NCE recorded the cost of these benefits for these plans on a
pay-as-you-go basis. NCE is amortizing the transition obligations for these
plans over a period of 20 years. Plan assets are stated at fair value and are
comprised primarily of corporate debt and equity securities, a real estate fund,
government securities and other short-term investments held either directly or
in commingled funds.
Summary information of the actuarially computed benefit obligation, plan
assets, funded status and accrued benefit cost for the NCE plans at December 31,
1999 and 1998, is presented in the following table (in thousands):
1999 1998
------- ------
Benefit obligations......................... $393,524 $397,195
Fair value of plan assets................... 166,569 146,228
-------- --------
Funded status: Plan benefit obligations
exceed assets............................ $226,955 $250,967
======== ========
NCE accrued benefit cost.................... $ 57,596 $ 61,732
======== ========
<PAGE>
Page 14d
The assumed discount rates used in 1999 and 1998 were 8.0% and 6.75%,
respectively. The rate of expected long-term increase in compensation level was
4% in both 1999 and 1998.
The Company's net periodic postretirement benefit cost for the years ended
December 31, 1999 and 1998 and the significant assumptions used by the Company's
actuary in the determination of these amounts are presented in the following
table (in thousand of dollars):
1999 1998
---- ----
Company's net periodic postretirement
benefit cost .............................. $ 1,057 $ 4,581
Significant assumptions:
Discount rate.............................. 6.75% 7.0%
Expected long-term increase in compensation
level ................................... 4.0% 4.0%
Expected weighted average long-term rate of
return on assets ........................ 9.5% 9.5%
The Company funded an amount equal to the net periodic postretirement
benefit cost in 1999 and 1998. The assumed health care cost trend rate in 1999
is 8.0%, decreasing in 0.5% annual increments to 4.5% in 2006 and to 4.25% in
2007. A 1% increase in the assumed health care cost trend rate will increase the
Company's total accumulated benefit obligation by approximately $727,000 and the
service and interest cost components of net periodic postretirement benefit
costs by approximately $62,000.
6. INCOME TAXES
The provision for income taxes for the years ending December 31, 1999 and
1998 consist of the following (in thousands of dollars):
Current income taxes: 1999 1998
------- -----
Federal $(1,226) $ 620
State (174) 61
------- ------
Total current income taxes (1,400) 681
------- ------
Deferred income taxes:
Federal 1,344 (507)
State 191 (77)
------ ------
Total deferred income taxes 1,535 (584)
------ ------
Total provision for income taxes $ 135 $ 97
====== ======
A reconciliation of the statutory U.S. income tax rate and the effective
tax rates for the years ending December 31, 1999 and 1998 follows (in thousands
of dollars, except percentages):
1999 1998
-------------- -------------
Tax computed at U.S. statutory rate on
pre-tax accounting income $ 47 35% $ 34 35%
Increase (decrease) in tax from:
State income taxes, net of Federal
income tax benefit 11 8 (10) (10)
Non-deductible business meals 76 56 88 90
Other 1 1 (15) (15)
----- --- ---- ---
Total income taxes $ 135 100% $ 97 100%
===== === ==== ===
<PAGE>
Page 14e
The tax effects of significant temporary differences representing deferred
tax liabilities and assets are as follows (in thousands):
1999 1998
------- ------
Deferred income tax liabilities:
Information systems charges $ 10,709 $ 7,886
Other 83 83
-------- -------
Total 10,792 7,969
-------- -------
Deferred income tax assets:
Pension related costs 1,288 403
Postretirement benefit costs 4,534 4,131
Vacation liability 2,008 2,008
Other 122 122
-------- -------
Total 7,952 6,664
-------- -------
Net deferred income tax liability $ 2,840 $ 1,305
======== =======
<PAGE>
Page 15
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XV--COMPARATIVE INCOME STATEMENT
(thousands of dollars)
CURRENT PRIOR
ACCOUNT DESCRIPTION YEAR YEAR
- ------- ----------- ---- ----
INCOME
457 Services rendered to associate companies $ 252,670 $ 314,838
458 Services rendered to nonassociate companies - -
421 Miscellaneous income and loss 20 223
--------- ---------
TOTAL INCOME 252,690 315,061
--------- ---------
EXPENSES
500 Operation supervision and engineering 1,541 -
501 Fuel 43 -
502 Steam expenses 424 -
505 Electric expenses 61 -
506 Miscellaneous steam power expenses 3,992 -
510 Maintenance supervision and engineering 1,078 -
511 Maintenance of structures 4 -
512 Maintenance of boiler plant 120 -
513 Maintenance of electric plant 67 -
514 Maintenance of miscellaneous steam plant 180 -
535 Operation supervision and engineering 11 -
537 Hydraulic expenses 9 -
538 Electric expenses 2 -
539 Miscellaneous hydraulic power generation expenses 150 -
541 Maintenance supervision and engineering 20 -
543 Maintenance of reservoirs, dams and waterways 4 -
546 Operation supervision and engineering 53 -
548 Generation expenses 207 -
549 Miscellaneous other power generation expenses 27 -
551 Maintenance supervision and engineering 6 -
552 Maintenance of structures 1 -
553 Maintenance of generating and electric plant 17 -
556 System control and load dispatching 26 -
560 Operation supervision and engineering 89 -
561 Load dispatching 2,390 -
562 Station expenses 4 -
563 Overhead line expenses 326 -
566 Miscellaneous transmission expenses 258 -
568 Maintenance supervision and engineering 72 -
571 Maintenance of overhead lines 85 -
573 Maintenance of miscellaneous transmission plant 79 -
<PAGE>
Page 15a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XV--COMPARATIVE INCOME STATEMENT
(thousands of dollars)
CURRENT PRIOR
ACCOUNT DESCRIPTION YEAR YEAR
- ------- ----------- ---- ----
580 Operation supervision and engineering 1,013 -
581 Load dispatching 55 -
582 Station expenses 186 -
583 Overhead line expenses 104 -
584 Underground line expenses 76 -
585 Street lighting and signal system expenses 5 -
586 Meter expenses 468 -
587 Customer installation expenses 128 -
588 Miscellaneous distribution expenses 4,949 -
590 Maintenance supervision and engineering 78 -
592 Maintenance of station equipment 144 -
593 Maintenance of overhead lines 344 -
594 Maintenance of underground lines 10 -
595 Maintenance of line transformers 16 -
596 Maintenance of street lighting and signal systems 6 -
597 Maintenance of meters 2 -
598 Maintenance of miscellaneous distribution plant 33 -
807 Purchased gas expenses 313 -
813 Other gas supply expenses 138 -
814 Operation supervision and engineering 36 -
818 Compressor station expenses 12 -
820 Measuring and regulating station expenses 21 -
824 Other expenses 9 -
850 Operation supervision and engineering 121 -
851 System control and load dispatching 824 -
852 Communication system expenses 214 -
853 Compressor station labor and expenses 19 -
856 Mains expenses 74 -
857 Measuring and regulating station expenses 13 -
859 Other expenses 171 -
861 Maintenance supervision and engineering 8 -
864 Maintenance of compressor station equipment 18 -
865 Maintenance of measuring and regulating station
equipment 2 -
867 Maintenance of other equipment 1 -
870 Operation supervision and engineering 386 -
871 Distribution load dispatching 788 -
874 Mains and services expenses 220 -
<PAGE>
Page 15b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XV--COMPARATIVE INCOME STATEMENT
(thousands of dollars)
CURRENT PRIOR
ACCOUNT DESCRIPTION YEAR YEAR
- ------- ----------- ---- ----
875 Measuring and regulating station expenses
- general 10 -
876 Measuring and regulating station expenses
- industrial 2 -
877 Measuring and regulating station expenses
- city gate 4 -
878 Meter and house regulator expenses 18 -
879 Customer installation expenses 67 -
880 Other expenses 1,814 -
885 Maintenance supervision and engineering 26 -
887 Maintenance of mains 15 -
892 Maintenance of services 27 -
893 Maintenance of meters and house regulators 79 -
894 Maintenance of other equipment 12 -
901 Supervision 1,735 -
902 Meter reading expenses 620 -
903 Customer records and collection expenses 32,174 -
904 Uncollectible accounts 12 -
905 Miscellaneous customer accounts expenses 73 -
907 Supervision 261 -
908 Customer assistance expenses 3,027 -
909 Informational and instructional advertising
expenses 183 -
910 Miscellaneous customer service and informational
expenses 3,137 -
911 Supervision 517 -
912 Demonstrating and selling expenses 10,208 -
920 Salaries and wages 48,828 60,511
921 Office supplies and expenses 74,389 199,393
922 Administrative expenses transferred - credit - -
923 Outside services employed 14,386 8,065
924 Property insurance - -
925 Injuries and damages 822 797
926 Employee pensions and benefits 17,316 29,303
928 Regulatory commission expenses 38 -
930.1 General advertising expenses 77 -
930.2 Miscellaneous general expenses 1,780 1,067
931 Rents 5,798 6,023
932 Maintenance of structures and equipment - -
935 Maintenance of general plant 28 -
<PAGE>
Page 15c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XV--COMPARATIVE INCOME STATEMENT
(thousands of dollars)
CURRENT PRIOR
ACCOUNT DESCRIPTION YEAR YEAR
- ------- ----------- ---- ----
403 Depreciation and amortization expense - -
408 Taxes other than income taxes 5,686 5,073
409 Income taxes (1,400) 681
410 Provision for deferred income taxes 3,567 5,875
411 Provision for deferred income taxes - credit (2,032) (6,459)
411.5 Investment tax credit - -
417.1 Expenses of nonutility operations 2,253 -
426.1 Donations 2,219 2,198
426.5 Other deductions 554 90
427 Interest on long-term debt - -
430 Interest on debt to associate companies 2,038 2,442
431 Other interest expense (29) 2
--------- ---------
TOTAL EXPENSE 252,690 315,061
--------- ---------
NET INCOME OR (LOSS) $ - $ -
========= =========
<PAGE>
Page 16
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
ANALYSIS OF BILLING
ASSOCIATE COMPANIES--ACCOUNT 457
(thousands of dollars)
<TABLE>
<CAPTION>
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
- --------------------------------- ------- -------- ------------ --------
457-1 457-2 457-3
<S> <C> <C> <C> <C>
Public Service Company of Colorado $ 109,036 $ 56,501 $ 1,159 $ 166,696
Southwestern Public Service Company 48,014 20,851 495 69,360
Cheyenne Light, Fuel and Power Company 1,402 1,219 21 2,642
1480 Welton, Inc. 21 290 7 318
e prime, inc. 612 431 22 1,065
PS Colorado Credit Corporation - 479 35 514
PSR Investments, Inc. 126 142 10 278
WestGas InterState, Inc. 12 8 - 20
Quixx Corporation 694 595 24 1,313
Utility Engineering Corporation 722 783 30 1,535
New Century Energies, Inc. 1,966 2,066 134 4,166
Natural Fuels Corporation 185 172 3 360
New Century International, Inc. 1,359 863 62 2,284
New Century Cadence, Inc. 41 25 - 66
NC Enterprises, Inc. 115 21 - 136
Public Service Company of Co. (Hayden) 663 158 - 821
The Planergy Group, Inc. 372 177 7 556
New Century Centrus, Inc. 325 69 - 394
Fuel Resources Development, Co.
(dissolved) 22 1 - 23
Public Service Company of Co.
(Tri-State) 77 - - 77
NCE Communications, Inc. 31 15 - 46
--------- -------- ------- ---------
TOTAL $ 165,795 $ 84,866 $ 2,009 $ 252,670
========= ======== ======= =========
</TABLE>
<PAGE>
Page 17
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES--ACCOUNT 458
(thousands of dollars)
INSTRUCTIONS: Provide a brief description of the services rendered to each
nonassociate company:
<TABLE>
<CAPTION>
NAME OF DIRECT INDIRECT COMPENSATION EXCESS TOTAL
NONASSOCIATE COSTS COSTS FOR USE TOTAL OR AMOUNT
COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY BILLED
- ------------ -------- --------- ------------ ----- ---------- ------
458-1 458-2 458-3 458-4
<S> <C>
None
</TABLE>
<PAGE>
Page 18
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVI--ANALYSIS OF CHARGES FOR SERVICE--ASSOCIATE AND
NONASSOCIATE COMPANIES
(thousands of dollars)
INSTRUCTIONS: Total cost of service will equal for associate and nonassociate
companies the total amount billed under their separate analysis of billing
schedules.
<TABLE>
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DIRECT INDIRECT
ACCOUNT DESCRIPTION OF ITEMS COST COST TOTAL (None)
- ------- -------------------- ---- ---- -----
<S> <C> <C> <C> <C>
500 Operation supervision and engineering $ 1,210 $ 331 $ 1,541
501 Fuel 42 1 43
502 Steam expenses 263 161 424
505 Electric expenses 45 16 61
506 Miscellaneous steam power expenses 3,496 496 3,992
510 Maintenance supervision and engineering 876 202 1,078
511 Maintenance of structures 4 0 4
512 Maintenance of boiler plant 115 5 120
513 Maintenance of electric plant 65 2 67
514 Maintenance of miscellaneous steam plant 179 1 180
535 Operation supervision and engineering 11 - 11
537 Hydraulic expenses 9 - 9
538 Electric expenses 2 - 2
539 Miscellaneous hydraulic power generation
expenses 136 14 150
541 Maintenance supervision and engineering 17 3 20
543 Maintenance of reservoirs, dams and waterways 4 - 4
546 Operation supervision and engineering 42 11 53
548 Generation expenses 186 21 207
549 Miscellaneous other power generation expenses 25 2 27
551 Maintenance supervision and engineering 6 - 6
552 Maintenance of structures 1 - 1
553 Maintenance of generating and electric plant 16 1 17
556 System control and load dispatching 25 1 26
560 Operation supervision and engineering 46 43 89
561 Load dispatching 2,390 - 2,390
562 Station expenses 4 - 4
563 Overhead line expenses 326 - 326
566 Miscellaneous transmission expenses 182 76 258
568 Maintenance supervision and engineering 29 43 72
</TABLE>
<PAGE>
Page 18a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVI--ANALYSIS OF CHARGES FOR SERVICE--ASSOCIATE AND
NONASSOCIATE COMPANIES
(thousands of dollars)
INSTRUCTIONS: Total cost of service will equal for associate and nonassociate
companies the total amount billed under their separate analysis of billing
schedules.
<TABLE>
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DIRECT INDIRECT
ACCOUNT DESCRIPTION OF ITEMS COST COST TOTAL (None)
- ------- -------------------- ---- ---- -----
<S> <C> <C> <C> <C>
571 Maintenance of overhead lines 80 5 85
573 Maintenance of miscellaneous transmission
plant 79 - 79
580 Operation supervision and engineering 970 43 1,013
581 Load dispatching 55 - 55
582 Station expenses 186 - 186
583 Overhead line expenses 102 2 104
584 Underground line expenses 76 - 76
585 Street lighting and signal system expenses 5 - 5
586 Meter expenses 468 - 468
587 Customer installation expenses 104 24 128
588 Miscellaneous distribution expenses 4,879 70 4,949
590 Maintenance supervision and engineering 39 39 78
592 Maintenance of station equipment 144 - 144
593 Maintenance of overhead lines 317 27 344
594 Maintenance of underground lines 10 - 10
595 Maintenance of line transformers 16 - 16
596 Maintenance of street lighting and signal
systems 6 - 6
597 Maintenance of meters 2 - 2
598 Maintenance of miscellaneous distribution plant 29 4 33
807 Purchased gas expneses 237 76 313
813 Other gas supply expenses 91 47 138
814 Operation supervision and engineering 33 3 36
818 Compressor station expenses 12 - 12
820 Measuring and regulating station expenses 21 - 21
824 Other expenses 9 - 9
850 Operation supervision and engineering 121 - 121
851 System control and load dispatching 431 393 824
</TABLE>
<PAGE>
Page 18b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVI--ANALYSIS OF CHARGES FOR SERVICE--ASSOCIATE AND
NONASSOCIATE COMPANIES
(thousands of dollars)
INSTRUCTIONS: Total cost of service will equal for associate and nonassociate
companies the total amount billed under their separate analysis of billing
schedules.
<TABLE>
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DIRECT INDIRECT
ACCOUNT DESCRIPTION OF ITEMS COST COST TOTAL (None)
- ------- -------------------- ---- ---- -----
<S> <C> <C> <C> <C>
852 Communication system expenses 214 - 214
853 Compressor station labor and expenses 19 - 19
856 Mains expenses 73 1 74
857 Measuring and regulating station expenses 13 - 13
859 Other expenses 146 25 171
861 Maintenance supervision and engineering 8 - 8
864 Maintenance of compressor station equipment 18 - 18
865 Maintenance of measuring and reg station
equip 2 - 2
867 Maintenance of other equipment 1 - 1
870 Operation supervision and engineering 386 - 386
871 Distribution load dispatching 436 352 788
874 Mains and services expenses 220 - 220
875 Measuring and reg station expenses - General 10 - 10
876 Measuring and reg station expenses
- Industrial 2 - 2
877 Measuring and reg station expenses
- City gate 4 - 4
878 Meter and house regulator expenses 18 - 18
879 Customer installation expenses 67 - 67
880 Other expenses 1,777 37 1,814
885 Maintenance supervision and engineering 26 - 26
887 Maintenance of mains 15 - 15
892 Maintenance of services 27 - 27
893 Maintenance of meters and house regulators 79 - 79
894 Maintenance of other equipment 10 2 12
901 Supervision 868 867 1,735
902 Meter reading expenses 620 - 620
903 Customer records and collection expenses 17,355 14,819 32,174
904 Uncollectible accounts 12 - 12
905 Miscellaneous customer accounts expenses 73 - 73
907 Supervision 204 57 261
908 Customer assistance expenses 2,507 520 3,027
909 Informational and instructional advertising
expenses 157 26 183
</TABLE>
<PAGE>
Page 18c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVI--ANALYSIS OF CHARGES FOR SERVICE--ASSOCIATE AND
NONASSOCIATE COMPANIES
(thousands of dollars)
INSTRUCTIONS: Total cost of service will equal for associate and nonassociate
companies the total amount billed under their separate analysis of billing
schedules.
<TABLE>
<CAPTION>
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DIRECT INDIRECT
ACCOUNT DESCRIPTION OF ITEMS COST COST TOTAL (None)
- ------- -------------------- ---- ---- -----
<S> <C> <C> <C> <C>
910 Misc customer service and informational
expenses 2,329 808 3,137
911 Supervision 349 168 517
912 Demonstrating and selling expenses 8,210 1,998 10,208
920 Salaries and wages 39,852 8,976 48,828
921 Office supplies and expenses 36,954 37,435 74,389
922 Administrative expense - - -
923 Outside services employed 7,498 6,888 14,386
924 Property insurance - - -
925 Injuries and damages - 822 822
926 Employee pensions and benefits - 17,316 17,316
928 Regulatory commission expense 38 - 38
930.1 General advertising expenses 77 - 77
930.2 Miscellaneous general expense 854 926 1,780
931 Rents - 5,798 5,798
932 Maintenance of structures and equipment - - -
935 Maintenance of general plant 25 3 28
403 Depreciation and amortization expense - - -
408 Taxes other than income taxes - 5,686 5,686
409 Income taxes (1,538) 138 (1,400)
410 Provision for deferred income taxes 3,567 - 3,567
411 Provision for deferred income taxes-credit (2,032) - (2,032)
411.5 Investment tax credit - - -
417.5 Expenses of nonutility operations 1,775 478 2,253
426.1 Donations 2,219 - 2,219
426.5 Other donations 465 89 554
427 Interest on long-term debt - - -
431 Other interest expense (29) (29)
------- --- ---
TOTAL EXPENSES 144,283 106,369 250,652
------- ------- -------
Compensation for use of equity capital - - -
430 Interest on debt to associate companies - 2,038 2,038
----- ----- -----
TOTAL COST OF SERVICE $144,283 $108,407 $252,690
======== ======== ========
</TABLE>
<PAGE>
Page 19
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL EXECUTIVE AUDIT GOVERNMENTAL
ACCOUNT DESCRIPTION OF ITEMS AMOUNT OVERHEAD SERVICES SERVICES AVIATION AFFAIRS
- ------- -------------------- ------ -------- -------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engneering $1,541 $ - $ - $ - $ 4 $ -
501 Fuel 43 - - - - -
502 Steam expenses 424 - - - 1 -
505 Electric expenses 61 - - - - -
506 Miscellaneous steam power expenses 3,992 - 1 - 20 -
510 Maintenance supervision and engineering 1,078 - - - - -
511 Maintenance of structures 4 - - - - -
512 Maintenance of boiler plant 120 - - - - -
513 Maintenance of electric plant 67 - - - - -
514 Maintenance of miscellaneous steam plant 180 - - - - -
535 Operation supervision and engineering 11 - - - - -
537 Hydraulic expenses 9 - - - 8 -
538 Electric expenses 2 - - - - -
539 Misc hydraulic power generation expenses 150 - - - 1 -
541 Maintenance supervision and engineering 20 - - - - -
543 Maint of reservoirs, dams and water ways 4 - - - 2 -
546 Operation supervision and engineering 53 - - - - -
548 Generation expenses 207 - - - 1 -
549 Misc other power generation expenses 27 - - - - -
551 Maintenance supervision and engineering 6 - - - - -
552 Maintenance of structures 1 - - - - -
553 Maint of generating and electric plant 17 - - - - -
556 System control and load dispatching 26 - - - - -
560 Operation supervision and engineering 89 - - - - -
561 Load dispatching 2,390 - - - 1 -
562 Station expenses 4 - - - - -
563 Overhead line expenses 326 - - - 318 -
566 Miscellaneous transmission expenses 258 - - - 7 -
568 Maintenance supervision and engineering 72 - - - - -
571 Maintenance of overhead lines 85 - - - 56 -
573 Maint of miscellaneous transmission plant 79 - - - 2 -
580 Operation supervision and enginerring 1,013 - - - 2 -
581 Load dispatching 55 - - - - -
582 Station expenses 186 - - - - -
</TABLE>
<PAGE>
Page 19
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL EXECUTIVE AUDIT GOVERNMENTAL
ACCOUNT DESCRIPTION OF ITEMS AMOUNT OVERHEAD SERVICES SERVICES AVIATION AFFAIRS
- ------- -------------------- ------ -------- -------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses 104 - - - 15 -
584 Underground line expenses 76 - - - 7 -
585 Street lighting and signal system expenses 5 - - - - -
586 Meter expenses 468 - - - 5 -
587 Customer installation expenses 128 - - - - -
588 Miscellaneous distribution expenses 4,949 - - - 8 -
590 Maintenance supervision and engineering 78 - - - - -
592 Maintenance of station equipment 144 - - - - -
593 Maintenance of overhead lines 344 - - - 7 -
594 Maintenance of underground lines 10 - - - 4 -
595 Maintenance of line transformers 16 - - - - -
596 Maint of street lighting and signal systems 6 - - - - -
597 Maintenance of meters 2 - - - - -
598 Maint of miscellaneous distribution plant 33 - - - - -
807 Purchased gas expneses 313 - - - - -
813 Other gas supply expenses 138 - - - - -
814 Operation supervision and engineering 36 - - - - -
818 Compressor station expenses 12 - - - - -
820 Measuring and regulating station expenses 21 - - - - -
824 Other expenses 9 - - - - -
850 Operation supervision and engineering 121 - - - - -
851 System control and load dispatching 824 - - - - -
852 Communication system expenses 214 - - - - -
853 Compressor station labor and expenses 19 - - - - -
856 Mains expenses 74 - - - - -
857 Measuring and regulating station expenses 13 - - - - -
859 Other expenses 171 - - - - -
861 Maintenance supervision and engineering 8 - - - - -
864 Maint of compressor station equipment 18 - - - - -
865 Maint of measuring and reg station equip 2 - - - - -
867 Maintenance of other equipment 1 - - - 1 -
870 Operation supervision and engineering 386 - - - 2 -
</TABLE>
<PAGE>
Page 19
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL EXECUTIVE AUDIT GOVERNMENTAL
ACCOUNT DESCRIPTION OF ITEMS AMOUNT OVERHEAD SERVICES SERVICES AVIATION AFFAIRS
- ------- -------------------- ------ -------- -------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching 788 - - - - -
874 Mains and services expenses 220 - - - - -
875 Measuring and reg station exp - General 10 - - - - -
876 Measuring and reg station exp - Industrial 2 - - - - -
877 Measuring and reg station exp - City gate 4 - - - - -
878 Meter and house regulator expenses 18 - - - - -
879 Customer installation expenses 67 - - - - -
880 Other expenses 1,814 - - - 2 -
885 Maintenance supervision and engineering 26 - - - 1 -
887 Maintenance of mains 15 - - - 1 -
892 Maintenance of services 27 - - - - -
893 Maint of meters and house regulators 79 - - - - -
894 Maintenance of other equipment 12 - - - - -
901 Supervision 1,735 - - - - -
902 Meter reading expenses 620 - - - 8 -
903 Customer records and collecting expenses 32,174 - - - 5 -
904 Uncollectible accounts 12 - - - - -
905 Misc customer accounts expenses 73 - - - 1 -
907 Supervision 261 - - - - -
908 Customer assistance expenses 3,027 - - - - -
909 Informational/instructional advertising exp 183 - - - - -
910 Misc customer service/ informational exp 3,137 - - - - -
911 Supervision 517 - - - - -
912 Demonstrating and selling expenses 10,208 - - 5 1 -
</TABLE>
<PAGE>
Page 19
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
TOTAL EXECUTIVE AUDIT GOVERNMENTAL
ACCOUNT DESCRIPTION OF ITEMS AMOUNT OVERHEAD SERVICES SERVICES AVIATION AFFAIRS
- ------- -------------------- ------ -------- -------- -------- -------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 48,828 - 4,884 981 - 289
921 Office supplies and expenses 74,389 - 2,877 517 1,949 263
922 Administrative expense - - - - -
923 Outside services employed 14,386 - 3,249 271 - 1
924 Property insurance - - - - - -
925 Injuries and damages 822 - 46 9 - 3
926 Employee pensions and benefits 17,316 - 1,151 238 - 69
928 Regulatory commission expense 38 - - - - -
930.1 General advertising expenses 77 - - - - -
930.2 Miscellaneous general expense 1,780 - 1,776 - - -
931 Rents 5,798 - 362 73 - 23
932 Maintenance of structures and equipment - - - - - -
935 Maintenance of general plant 28 - - - 1 -
403 Depreciation and amortization expense - - - - - -
408 Taxes other than income taxes 5,686 - 371 78 - 21
409 Income taxes (1,400) - - - - -
410 Provision for deferred income 3,567 - - - - -
411 Provision for deferred income taxes-credit (2,032) - - - - -
411.5 Investment tax credit - - - - - -
417.1 Expenses of nonutility operations 2,253 - - - - -
426.1 Donations 2,219 - - - - 12
426.5 Other donations 554 - 32 - - 428
427 Interest on long-term debt - - - - - -
430 Interest on debt to associate companies 2,038 - - - - -
431 Other interest expense (29) - - - - -
--------------------------------------------------------------------
TOTAL EXPENSES $ 252,690 $ - $ 14,749 $ 2,172 $ 2,441 $ 1,109
====================================================================
</TABLE>
<PAGE>
Page 19a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
CORP ELECTRIC
CORPORATE GENERAL PLANNING PRODUCTION COMMODITY PURCHASED
ACCOUNT DESCRIPTION OF ITEMS COMMUNICATIONS COUNSEL & DEVELOP SERVICES BUS DEVELOP POWER
- ------- -------------------- -------------- ------- --------- -------- ----------- -----
<S> <C> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engineering $ - $ - $ - $ 589 $ - $ -
501 Fuel - - - 2 - 6
502 Steam expenses - - - 422 - -
505 Electric expenses - 1 - 59 - -
506 Miscellaneous steam power expenses - 61 - 1,460 - -
510 Maintenance supervision and engineering - - - 1,077 - -
511 Maintenance of structures - - - - - -
512 Maintenance of boiler plant - - - 106 - -
513 Maintenance of electric plant - - - 62 - -
514 Maintenance of miscellaneous steam plant - - - 2 - -
535 Operation supervision and engineering - - - - - -
537 Hydraulic expenses - - - - - -
538 Electric expenses - - - - - -
539 Misc hydraulic power generation expenses - 3 - 14 - -
541 Maintenance supervision and engineering - - - 13 - -
543 Maint of reservoirs, dams and waterways - - - - - -
546 Operation supervision and engineering - - - 41 - -
548 Generation expenses - - - 60 - -
549 Misc other power generation expenses - - - - - -
551 Maintenance supervision and engineering - - - - - -
552 Maintenance of structures - - - - - -
553 Maint of generating and electric plant - - - 3 - -
556 System control and load dispatching - - - - - -
560 Operation supervision and engineering - - - - - -
561 Load dispatching - - - - - -
562 Station expenses - - - - - -
563 Overhead line expenses - - - - - -
566 Miscellaneous transmission expenses - - - - - 23
568 Maintenance supervision and engineering - - - - - -
571 Maintenance of overhead lines - - - - - -
573 Maint of miscellaneous transmission plant - - - - - -
580 Operation supervision and engineering - - - - - -
581 Load dispatching - - - - - -
582 Station expenses - - - - - -
</TABLE>
<PAGE>
Page 19a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
CORP ELECTRIC
CORPORATE GENERAL PLANNING PRODUCTION COMMODITY PURCHASED
ACCOUNT DESCRIPTION OF ITEMS COMMUNICATIONS COUNSEL & DEVELOP SERVICES BUS DEVELOP POWER
- ------- -------------------- -------------- ------- --------- -------- ----------- -----
<S> <C> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses 1 - - - - -
584 Underground line expenses - - - - - -
585 Street lighting and signal system expenses - - - - - -
586 Meter expenses - - - - - -
587 Customer installation expenses - - - - - -
588 Miscellaneous distribution expenses - 34 - 24 - -
590 Maintenance supervision and engineering - - - - - -
592 Maintenance of station equipment - - - - - -
593 Maintenance of overhead lines - - - - - -
594 Maintenance of underground lines - - - - - -
595 Maintenance of line transformers - - - - - -
596 Maint of street lighting and signal systems - - - - - -
597 Maintenance of meters - - - - - -
598 Maint of miscellaneous distribution plant - - - - - -
807 Purchased gas expneses - - - - - -
813 Other gas supply expenses - - - - - -
814 Operation supervision and engineering - - - - - -
818 Compressor station expenses - - - - - -
820 Measuring and regulating station expenses - - - - - -
824 Other expenses - - - - - -
850 Operation supervision and engineering - - - - - -
851 System control and load dispatching - - - - - -
852 Communication system expenses - - - - - -
853 Compressor station labor and expenses - - - - - -
856 Mains expenses - - - - - -
857 Measuring and regulating station expenses - - - - - -
859 Other expenses - - - - - -
861 Maintenance supervision and engineering - - - - - -
864 Maint of compressor station equipment - - - - - -
865 Maint of measuring and reg station equip - - - - - -
867 Maintenance of other equipment - - - - - -
870 Operation supervision and engineering - - - - - -
</TABLE>
<PAGE>
Page 19a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
CORP ELECTRIC
CORPORATE GENERAL PLANNING PRODUCTION COMMODITY PURCHASED
ACCOUNT DESCRIPTION OF ITEMS COMMUNICATIONS COUNSEL & DEVELOP SERVICES BUS DEVELOP POWER
- ------- -------------------- -------------- ------- --------- -------- ----------- -----
<S> <C> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching - - - - - -
874 Mains and services expenses - - - - - -
875 Measuring and reg station exp - General - - - - - -
876 Measuring and reg station exp - Industrial - - - - - -
877 Measuring and reg station exp - City gate - - - - - -
878 Meter and house regulator expenses - - - - - -
879 Customer installation expenses - - - - - -
880 Other expenses - 9 - 9 - -
885 Maintenance supervision and engineering - - - - - -
887 Maintenance of mains - - - - - -
892 Maintenance of services - - - - - -
893 Maint of meters and house regulators - - - - - -
894 Maintenance of other equipment - - - - - -
901 Supervision - - - - - -
902 Meter reading expenses - - - - - -
903 Customer records and collection expenses - - - - - -
904 Uncollectible accounts - - - - - -
905 Misc customer accounts expenses - - - - - -
907 Supervision - - - - - -
908 Customer assistance expenses - - - 5 - -
909 Informational/instructional advertising exp 132 - - - - -
910 Misc customer service/ informational exp 13 - - - - -
911 Supervision - - - - - -
912 Demonstrating and selling expenses 1 - - - - 2,946
</TABLE>
<PAGE>
Page 19a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
CORP ELECTRIC
CORPORATE GENERAL PLANNING PRODUCTION COMMODITY PURCHASED
ACCOUNT DESCRIPTION OF ITEMS COMMUNICATIONS COUNSEL & DEVELOP SERVICES BUS DEVELOP POWER
- ------- -------------------- -------------- ------- --------- -------- ----------- -----
<S> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 1,389 1,442 2,181 2,524 369 515
921 Office supplies and expenses 1,185 2,549 1,847 2,217 108 772
922 Administrative expense - - - - - -
923 Outside services employed 5 164 814 5 100 83
924 Property insurance - - - - - -
925 Injuries and damages 12 47 19 54 4 24
926 Employee pensions and benefits 322 357 511 1,212 92 594
928 Regulatory commission expense - 4 - - - -
930.1 General advertising expenses 77 - - - - -
930.2 Miscellaneous general expense - - - - - -
931 Rents 99 112 157 378 29 187
932 Maintenance of structures and equipment - - - - - -
935 Maintenance of general plant - - - - - -
403 Depreciation and amortization expense - - - - - -
408 Taxes other than income taxes 105 116 168 396 28 189
409 Income taxes - - - - - -
410 Provision for deferred income taxes - - - - - -
411 Provision for deferred income taxes-credit - - - - - -
411.5 Investment tax credit - - - - - -
417.1 Expenses of nonutility operations 122 - - - - -
426.1 Donations 2,207 - - - - -
426.5 Other donations - 73 - - - -
427 Interest on long-term debt - - - - - -
430 Interest on debt to associate companies - - - - - -
431 Other interest expense - - - - - -
-------------------------------------------------------------------------
TOTAL EXPENSES $ 5,670 $ 4,972 $ 5,697 $10,734 $ 730 $ 5,339
=========================================================================
</TABLE>
<PAGE>
Page 19b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
ENERGY/ RESOURCE INFORMATION PAYMENT &
ENVIRON- ACQUI- TECH SUPPLY INVESTOR REPORT- HUMAN
ACCOUNT DESCRIPTION OF ITEMS MENTAL SITION NOLOGY CHAIN RELATIONS ING RESOURCES
- ------- -------------------- ------ ------ ------ ----- --------- --- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engineering $ 922 $ - $ 11 $ - $ - $ - $ 11
501 Fuel - 27 6 - - - 2
502 Steam expenses - - 1 - - - -
505 Electric expenses - - - - - - -
506 Miscellaneous steam power expenses 13 - 2,434 - - - 1
510 Maintenance supervision and engineering 1 - - - - - -
511 Maintenance of structures - - 4 - - - -
512 Maintenance of boiler plant 8 - 3 - - - 3
513 Maintenance of electric plant - - 4 - - - -
514 Maintenance of miscellaneous steam plant 1 - 176 - - - -
535 Operation supervision and engineering - - 11 - - - -
537 Hydraulic expenses 1 - - - - - -
538 Electric expenses - - 2 - - - -
539 Misc hydraulic power generation expenses - - 105 - - - 1
541 Maintenance supervision and engineering - - 7 - - - -
543 Maint of reservoirs, dams and waterways - - 2 - - - -
546 Operation supervision and engineering 12 - - - - - -
548 Generation expenses 2 - 144 - - - -
549 Misc other power generation expenses - - 23 - - - -
551 Maintenance supervision and engineering 6 - - - - - -
552 Maintenance of structures 1 - - - - - -
553 Maint of generating and electric plant - - 14 - - - -
556 System control and load dispatching - - 22 - - - -
560 Operation supervision and engineering - - 16 - - - -
561 Load dispatching - - 2,388 - - - -
562 Station expenses - - 3 - - - -
563 Overhead line expenses - - 8 - - - -
566 Miscellaneous transmission expenses - - 31 - - - -
568 Maintenance supervision and engineering - - - - - - -
571 Maintenance of overhead lines - - - - - - -
573 Maint of miscellaneous transmission plant - - 77 - - - -
580 Operation supervision and engineering - - 917 - - - -
581 Load dispatching - - 55 - - - -
582 Station expenses 18 - 168 - - - -
</TABLE>
<PAGE>
Page 19b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
ENERGY/ RESOURCE INFORMATION PAYMENT &
ENVIRON- ACQUI- TECH SUPPLY INVESTOR REPORT- HUMAN
ACCOUNT DESCRIPTION OF ITEMS MENTAL SITION NOLOGY CHAIN RELATIONS ING RESOURCES
- ------- -------------------- ------ ------ ------ ----- --------- --- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses 1 - 82 - - - -
584 Underground line expenses - - 69 - - - -
585 Street lighting and signal system expenses - - 5 - - - -
586 Meter expenses - - 461 - - - -
587 Customer installation expenses - - 6 - - - -
588 Miscellaneous distribution expenses 131 - 4,587 1 - - 2
590 Maintenance supervision and engineering - - 12 - - - -
592 Maintenance of station equipment 84 - 17 - - - -
593 Maintenance of overhead lines - - 26 - - - 10
594 Maintenance of underground lines - - 6 - - - -
595 Maintenance of line transformers - - 16 - - - -
596 Maint of street lighting and signal systems - - 3 - - - -
597 Maintenance of meters - - 2 - - - -
598 Maint of miscellaneous distribution plant 10 - - - - - -
807 Purchased gas expneses - - - - - - -
813 Other gas supply expenses - - - - - - -
814 Operation supervision and engineering 2 - 30 - - - -
818 Compressor station expenses - - 12 - - - -
820 Measuring and regulating station expenses - - 21 - - - -
824 Other expenses - - 9 - - - -
850 Operation supervision and engineering - - 121 - - - -
851 System control and load dispatching - - - - - - -
852 Communication system expenses - - 25 - - - -
853 Compressor station labor and expenses - - 19 - - - -
856 Mains expenses - - 71 - - - -
857 Measuring and regulating station expenses - - 13 - - - -
859 Other expenses - - 102 - - - 1
861 Maintenance supervision and engineering - - 8 - - - -
864 Maint of compressor station equipment - - 18 - - - -
865 Maint of measuring and reg station equip - - 2 - - - -
867 Maintenance of other equipment - - - - - - -
870 Operation supervision and engineering - - 383 - - - -
</TABLE>
<PAGE>
Page 19b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
ENERGY/ RESOURCE INFORMATION PAYMENT &
ENVIRON- ACQUI- TECH SUPPLY INVESTOR REPORT- HUMAN
ACCOUNT DESCRIPTION OF ITEMS MENTAL SITION NOLOGY CHAIN RELATIONS ING RESOURCES
- ------- -------------------- ------ ------ ------ ----- --------- --- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching - - 11 - - - -
874 Mains and services expenses - - 220 - - - -
875 Measuring and reg station exp - General - - 10 - - - -
876 Measuring and reg station exp - Industrial - - 2 - - - -
877 Measuring and reg station exp - City gate - - 4 - - - -
878 Meter and house regulator expenses - - 18 - - - -
879 Customer installation expenses - - 67 - - - -
880 Other expenses 98 - 1,581 1 - - 20
885 Maintenance supervision and engineering 9 - 16 - - - -
887 Maintenance of mains - - 14 - - - -
892 Maintenance of services - - 27 - - - -
893 Maint of meters and house regulators - - 79 - - - -
894 Maintenance of other equipment - - - - - - -
901 Supervision - - 21 - - - -
902 Meter reading expenses - - 594 - - - -
903 Customer records and collection expenses - - 5,630 1 - - -
904 Uncollectible accounts - - 12 - - - -
905 Misc customer accounts expenses - - 70 - - - -
907 Supervision - - 4 - - - -
908 Customer assistance expenses - - 9 - - - -
909 Informational/instructional advertising exp - - - - - - -
910 Misc customer service/ informational exp - - 35 - - - -
911 Supervision - - - - - - -
912 Demonstrating and selling expenses - - 334 - - - -
</TABLE>
<PAGE>
Page 19b
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
ENERGY/ RESOURCE INFORMATION PAYMENT &
ENVIRON- ACQUI- TECH SUPPLY INVESTOR REPORT- HUMAN
ACCOUNT DESCRIPTION OF ITEMS MENTAL SITION NOLOGY CHAIN RELATIONS ING RESOURCES
- ------- -------------------- ------ ------ ------ ----- --------- --- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 1,424 1,759 343 3,395 400 603 5,399
921 Office supplies and expenses 662 662 16,604 6,385 528 1,126 5,038
922 Administrative expense - - - - - - -
923 Outside services employed 12 81 678 3,003 542 192 585
924 Property insurance - - - - - - -
925 Injuries and damages 18 17 4 32 3 6 93
926 Employee pensions and benefits 455 426 126 835 86 141 1,282
928 Regulatory commission expense - - - - - - -
930.1 General advertising expenses - - - - - - -
930.2 Miscellaneous general expense - - 2 - - - 2
931 Rents 142 133 132 259 26 44 401
932 Maintenance of structures and equipment - - - - - - -
935 Maintenance of general plant - - 22 - - - -
403 Depreciation and amortization expense - - - - - - -
408 Taxes other than income taxes 148 138 48 279 28 51 417
409 Income taxes - - - - - - -
410 Provision for deferred income taxes - - - - - - -
411 Provision for deferred income taxes-credit - - - - - - -
411.5 Investment tax credit - - - - - - -
417.1 Expenses of nonutility operations - - 112 - - - 1
426.1 Donations - - - - - - -
426.5 Other donations - - 7 - - - -
427 Interest on long-term debt - - - - - - -
430 Interest on debt to associate companies - - - - - - -
431 Other interest expense - - - - - - -
----------------------------------------------------------------------------
TOTAL EXPENSES $ 4,181 $ 3,243 $39,594 $14,191 $ 1,613 $ 2,163 $13,269
============================================================================
</TABLE>
<PAGE>
Page 19c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
WHOLESALE
REGULATORY CONTROLLERS BULK POWER RES & BUS CUSTOM
ACCOUNT DESCRIPTION OF ITEMS ADMINISTRATION ORGANIZATION SALES SALES ACCT SALES
- ------- -------------------- -------------- ------------ ----- ----- ----------
<S> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engineering $ - $ - $ - $ - $ -
501 Fuel - - - - -
502 Steam expenses - - - - -
505 Electric expenses - - - - -
506 Miscellaneous steam power expenses - - - - -
510 Maintenance supervision and engineering - - - - -
511 Maintenance of structures - - - - -
512 Maintenance of boiler plant - - - - -
513 Maintenance of electric plant - - - - -
514 Maintenance of miscellaneous steam plant - - - - -
535 Operation supervision and engineering - - - - -
537 Hydraulic expenses - - - - -
538 Electric expenses - - - - -
539 Misc hydraulic power generation expenses - - - - -
541 Maintenance supervision and engineering - - - - -
543 Maint of reservoirs, dams and waterways - - - - -
546 Operation supervision and engineering - - - - -
548 Generation expenses - - - - -
549 Misc other power generation expenses - - - - -
551 Maintenance supervision and engineering - - - - -
552 Maintenance of structures - - - - -
553 Maint of generating and electric plant - - - - -
556 System control and load dispatching - - - - -
560 Operation supervision and engineering - - - - -
561 Load dispatching - - - - -
562 Station expenses - - - - -
563 Overhead line expenses - - - - -
566 Miscellaneous transmission expenses - - - - -
568 Maintenance supervision and engineering - - - - -
571 Maintenance of overhead lines - - - - -
573 Maint of miscellaneous transmission plant - - - - -
580 Operation supervision and engineering - - - - -
581 Load dispatching - - - - -
582 Station expenses - - - - -
</TABLE>
<PAGE>
Page 19c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
WHOLESALE
REGULATORY CONTROLLERS BULK POWER RES & BUS CUSTOM
ACCOUNT DESCRIPTION OF ITEMS ADMINISTRATION ORGANIZATION SALES SALES ACCT SALES
- ------- -------------------- -------------- ------------ ----- ----- ----------
<S> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses - - - - -
584 Underground line expenses - - - - -
585 Street lighting and signal system expenses - - - - -
586 Meter expenses - - - - -
587 Customer installation expenses - - - 112 -
588 Miscellaneous distribution expenses - - - - -
590 Maintenance supervision and engineering - - - - -
592 Maintenance of station equipment - - - - -
593 Maintenance of overhead lines - - - - -
594 Maintenance of underground lines - - - - -
595 Maintenance of line transformers - - - - -
596 Maint of street lighting and signal systems - - - - -
597 Maintenance of meters - - - - -
598 Maint of miscellaneous distribution plant - - - - -
807 Purchased gas expneses - - - - -
813 Other gas supply expenses - - - - -
814 Operation supervision and engineering - - - - -
818 Compressor station expenses - - - - -
820 Measuring and regulating station expenses - - - - -
824 Other expenses - - - - -
850 Operation supervision and engineering - - - - -
851 System control and load dispatching - - - - -
852 Communication system expenses - - - - -
853 Compressor station labor and expenses - - - - -
856 Mains expenses - - - - -
857 Measuring and regulating station expenses - - - - -
859 Other expenses - - - - -
861 Maintenance supervision and engineering - - - - -
864 Maint of compressor station equipment - - - - -
865 Maint of measuring and reg station equip - - - - -
867 Maintenance of other equipment - - - - -
870 Operation supervision and engineering - - - - -
</TABLE>
<PAGE>
Page 19c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
WHOLESALE
REGULATORY CONTROLLERS BULK POWER RES & BUS CUSTOM
ACCOUNT DESCRIPTION OF ITEMS ADMINISTRATION ORGANIZATION SALES SALES ACCT SALES
- ------- -------------------- -------------- ------------ ----- ----- ----------
<S> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching - - - - -
874 Mains and services expenses - - - - -
875 Measuring and reg station exp - General - - - - -
876 Measuring and reg station exp - Industrial - - - - -
877 Measuring and reg station exp - City gate - - - - -
878 Meter and house regulator expenses - - - - -
879 Customer installation expenses - - - - -
880 Other expenses - - - - -
885 Maintenance supervision and engineering - - - - -
887 Maintenance of mains - - - - -
892 Maintenance of services - - - - -
893 Maint of meters and house regulators - - - - -
894 Maintenance of other equipment - - - - -
901 Supervision - - - - -
902 Meter reading expenses - - - - -
903 Customer records and collection expenses 5 - - 15 -
904 Uncollectible accounts - - - - -
905 Misc customer accounts expenses - - - - -
907 Supervision - - 55 72 -
908 Customer assistance expenses - - 211 1,680 242
909 Informational/instructional advertising exp - - - - -
910 Misc customer service/ informational exp 2 - - 169 1
911 Supervision - - 51 82 1
912 Demonstrating and selling expenses - - 1,084 1,377 769
</TABLE>
<PAGE>
Page 19c
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
WHOLESALE
REGULATORY CONTROLLERS BULK POWER RES & BUS CUSTOM
ACCOUNT DESCRIPTION OF ITEMS ADMINISTRATION ORGANIZATION SALES SALES ACCT SALES
- ------- -------------------- -------------- ------------ ----- ----- ----------
<S> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 2,045 3,670 40 215 47
921 Office supplies and expenses 1,375 8,302 316 247 54
922 Administrative expense - - - - -
923 Outside services employed 80 3,448 - 1 -
924 Property insurance - - - - -
925 Injuries and damages 19 35 9 26 6
926 Employee pensions and benefits 502 898 223 637 168
928 Regulatory commission expense 34 - - - -
930.1 General advertising expenses - - - - -
930.2 Miscellaneous general expense - - - - -
931 Rents 156 280 71 201 52
932 Maintenance of structures and equipment - - - - -
935 Maintenance of general plant - - - - -
403 Depreciation and amortization expense - - - - -
408 Taxes other than income taxes 164 291 72 208 55
409 Income taxes - (1,400) - - -
410 Provision for deferred income taxes - 3,567 - - -
411 Provision for deferred income taxes-credit - (2,032) - - -
411.5 Investment tax credit - - - - -
417.1 Expenses of nonutility operations 5 21 - 35 38
426.1 Donations - - - - -
426.5 Other donations 1 - - 3 -
427 Interest on long-term debt - - - - -
430 Interest on debt to associate companies - 2,038 - - -
431 Other interest expense - (29) - - -
----------------------------------------------------------------------------
TOTAL EXPENSES $ 4,388 $19,089 $ 2,132 $ 5,080 $ 1,433
============================================================================
</TABLE>
<PAGE>
Page 19d
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
STRATEGIC/ COMMUNITY & DESIGN SUBSTATION TRANSMISSION CONSTRUCTION,
KEY ACC ECONOMIC ENGINEER ENGINEER ENGINEER OPERATION &
ACCOUNT DESCRIPTION OF ITEMS SALES DEV -ING -ING -ING MAINTENANCE
- ------- -------------------- ----- --- ---- ---- ---- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engineering $ - $ - $ - $ - $ - $ -
501 Fuel - - - - - -
502 Steam expenses - - - - - -
505 Electric expenses - - - - - -
506 Miscellaneous steam power expenses - - - - 2 -
510 Maintenance supervision and engineering - - - - - -
511 Maintenance of structures - - - - - -
512 Maintenance of boiler plant - - - - - -
513 Maintenance of electric plant - - - 1 - -
514 Maintenance of miscellaneous steam plant - - - - - 1
535 Operation supervision and engineering - - - - - -
537 Hydraulic expenses - - - - - -
538 Electric expenses - - - - - -
539 Misc hydraulic power generation expenses - - - - 26 -
541 Maintenance supervision and engineering - - - - - -
543 Maint of reservoirs, dams and waterways - - - - - -
546 Operation supervision and engineering - - - - - -
548 Generation expenses - - - - - -
549 Misc other power generation expenses - - - - 4 -
551 Maintenance supervision and engineering - - - - - -
552 Maintenance of structures - - - - - -
553 Maint of generating and electric plant - - - - - -
556 System control and load dispatching - - - - - -
560 Operation supervision and engineering - - - 1 - 72
561 Load dispatching - - - 1 - -
562 Station expenses - - - - 1 -
563 Overhead line expenses - - - - - -
566 Miscellaneous transmission expenses - - - 1 194 2
568 Maintenance supervision and engineering - - - - - 72
571 Maintenance of overhead lines - - - - - 29
573 Maint of miscellaneous transmission plant - - - - - -
580 Operation supervision and engineering - - 23 - - 71
581 Load dispatching - - - - - -
582 Station expenses - - - - - -
</TABLE>
<PAGE>
Page 19d
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
STRATEGIC/ COMMUNITY & DESIGN SUBSTATION TRANSMISSION CONSTRUCTION,
KEY ACC ECONOMIC ENGINEER ENGINEER ENGINEER OPERATION &
ACCOUNT DESCRIPTION OF ITEMS SALES DEV -ING -ING -ING MAINTENANCE
- ------- -------------------- ----- --- ---- ---- ---- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses 1 - - - 4 -
584 Underground line expenses - - - - - -
585 Street lighting and signal system expenses - - - - - -
586 Meter expenses - - 2 - - -
587 Customer installation expenses - - - - - -
588 Miscellaneous distribution expenses 3 - - - 134 -
590 Maintenance supervision and engineering - - - 2 - 64
592 Maintenance of station equipment - - 43 - - -
593 Maintenance of overhead lines - - 99 - - 202
594 Maintenance of underground lines - - - - - -
595 Maintenance of line transformers - - - - - -
596 Maint of street lighting and signal systems - - 3 - - -
597 Maintenance of meters - - - - - -
598 Maint of miscellaneous distribution plant - - - - - 23
807 Purchased gas expneses - - - - - -
813 Other gas supply expenses - - - - - -
814 Operation supervision and engineering - - - - 4 -
818 Compressor station expenses - - - - - -
820 Measuring and regulating station expenses - - - - - -
824 Other expenses - - - - - -
850 Operation supervision and engineering - - - - - -
851 System control and load dispatching - - - - - -
852 Communication system expenses - - - - - -
853 Compressor station labor and expenses - - - - - -
856 Mains expenses - - - - 3 -
857 Measuring and regulating station expenses - - - - - -
859 Other expenses - - - - 68 -
861 Maintenance supervision and engineering - - - - - -
864 Maint of compressor station equipment - - - - - -
865 Maint of measuring and reg station equip - - - - - -
867 Maintenance of other equipment - - - - - -
870 Operation supervision and engineering - - - - - 1
</TABLE>
<PAGE>
Page 19d
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
STRATEGIC/ COMMUNITY & DESIGN SUBSTATION TRANSMISSION CONSTRUCTION,
KEY ACC ECONOMIC ENGINEER ENGINEER ENGINEER OPERATION &
ACCOUNT DESCRIPTION OF ITEMS SALES DEV -ING -ING -ING MAINTENANCE
- ------- -------------------- ----- --- ---- ---- ---- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching - - - - - -
874 Mains and services expenses - - - - - -
875 Measuring and reg station exp - General - - - - - -
876 Measuring and reg station exp - Industrial - - - - - -
877 Measuring and reg station exp - City gate - - - - - -
878 Meter and house regulator expenses - - - - - -
879 Customer installation expenses - - - - - -
880 Other expenses - - - - 76 17
885 Maintenance supervision and engineering - - - - - -
887 Maintenance of mains - - - - - -
892 Maintenance of services - - - - - -
893 Maint of meters and house regulators - - - - - -
894 Maintenance of other equipment - - - - - 12
901 Supervision - - 12 - - -
902 Meter reading expenses - - - - - -
903 Customer records and collection expenses - - - - - -
904 Uncollectible accounts - - - - - -
905 Misc customer accounts expenses - - - - - -
907 Supervision 52 - - - - -
908 Customer assistance expenses 682 - - - - -
909 Informational/instructional advertising exp - - - - - -
910 Misc customer service/ informational exp 7 - 1 - - -
911 Supervision 47 - - - - -
912 Demonstrating and selling expenses 1,437 869 - - - -
</TABLE>
<PAGE>
Page 19d
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
STRATEGIC/ COMMUNITY & DESIGN SUBSTATION TRANSMISSION CONSTRUCTION,
KEY ACC ECONOMIC ENGINEER ENGINEER ENGINEER OPERATION &
ACCOUNT DESCRIPTION OF ITEMS SALES DEV -ING -ING -ING MAINTENANCE
- ------- -------------------- ----- --- ---- ---- ---- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 27 77 1,757 3,472 3,256 513
921 Office supplies and expenses 142 125 997 4,603 4,629 241
922 Administrative expense - - - - - -
923 Outside services employed - - 15 112 30 -
924 Property insurance - - - - - -
925 Injuries and damages 14 6 17 33 34 60
926 Employee pensions and benefits 379 166 434 882 886 213
928 Regulatory commission expense - - - - - -
930.1 General advertising expenses - - - - - -
930.2 Miscellaneous general expense - - - - - -
931 Rents 116 45 135 270 275 66
932 Maintenance of structures and equipment - - - - - -
935 Maintenance of general plant - - - - - -
403 Depreciation and amortization expense - - - - - -
408 Taxes other than income taxes 124 52 140 285 291 68
409 Income taxes - - - - - -
410 Provision for deferred income taxes - - - - - -
411 Provision for deferred income taxes-credit - - - - - -
411.5 Investment tax credit - - - - - -
417.1 Expenses of nonutility operations 87 - 6 1 2 -
426.1 Donations - - - - - -
426.5 Other donations - 7 1 - - 2
427 Interest on long-term debt - - - - - -
430 Interest on debt to associate companies - - - - - -
431 Other interest expense - - - - - -
-----------------------------------------------------------------------
TOTAL EXPENSES $ 3,118 $ 1,347 $ 3,685 $ 9,664 $ 9,919 $ 1,729
=======================================================================
</TABLE>
<PAGE>
Page 19e
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
DISTRIBUTION GAS PLANNING,
SUPPORT CUSTOMER MARKETING
ACCOUNT DESCRIPTION OF ITEMS SERVICES TRANSPORTATION SERVICE MARKETING & SUPPLY
- ------- -------------------- -------- -------------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
500 Operation supervision and engineering $ - $ - $ - $ 4 $ -
501 Fuel - - - - -
502 Steam expenses - - - - -
505 Electric expenses - - - - -
506 Miscellaneous steam power expenses - - - - -
510 Maintenance supervision and engineering - - - - -
511 Maintenance of structures - - - - -
512 Maintenance of boiler plant - - - - -
513 Maintenance of electric plant - - - - -
514 Maintenance of miscellaneous steam plant - - - - -
535 Operation supervision and engineering - - - - -
537 Hydraulic expenses - - - - -
538 Electric expenses - - - - -
539 Misc hydraulic power generation expenses - - - - -
541 Maintenance supervision and engineering - - - - -
543 Maint of reservoirs, dams and waterways - - - - -
546 Operation supervision and engineering - - - - -
548 Generation expenses - - - - -
549 Misc other power generation expenses - - - - -
551 Maintenance supervision and engineering - - - - -
552 Maintenance of structures - - - - -
553 Maint of generating and electric plant - - - - -
556 System control and load dispatching - - - - -
560 Operation supervision and engineering - - - - -
561 Load dispatching - - - - -
562 Station expenses - - - - -
563 Overhead line expenses - - - - -
566 Miscellaneous transmission expenses - - - - -
568 Maintenance supervision and engineering - - - - -
571 Maintenance of overhead lines - - - - -
573 Maint of miscellaneous transmission plant - - - - -
580 Operation supervision and engineering - - - - -
581 Load dispatching - - - - -
582 Station expenses - - - - -
</TABLE>
<PAGE>
Page 19e
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
DISTRIBUTION GAS PLANNING,
SUPPORT CUSTOMER MARKETING
ACCOUNT DESCRIPTION OF ITEMS SERVICES TRANSPORTATION SERVICE MARKETING & SUPPLY
- ------- -------------------- -------- -------------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
583 Overhead line expenses - - - - -
584 Underground line expenses - - - - -
585 Street lighting and signal system expenses - - - - -
586 Meter expenses - - - - -
587 Customer installation expenses 10 - - - -
588 Miscellaneous distribution expenses 14 - - - -
590 Maintenance supervision and engineering - - - - -
592 Maintenance of station equipment - - - - -
593 Maintenance of overhead lines - - - - -
594 Maintenance of underground lines - - - - -
595 Maintenance of line transformers - - - - -
596 Maint of street lighting and signal systems - - - - -
597 Maintenance of meters - - - - -
598 Maint of miscellaneous distribution plant - - - - -
807 Purchased gas expneses - - - - 313
813 Other gas supply expenses - - - - 138
814 Operation supervision and engineering - - - - -
818 Compressor station expenses - - - - -
820 Measuring and regulating station expenses - - - - -
824 Other expenses - - - - -
850 Operation supervision and engineering - - - - -
851 System control and load dispatching - - - - 824
852 Communication system expenses - - - - 189
853 Compressor station labor and expenses - - - - -
856 Mains expenses - - - - -
857 Measuring and regulating station expenses - - - - -
859 Other expenses - - - - -
861 Maintenance supervision and engineering - - - - -
864 Maint of compressor station equipment - - - - -
865 Maint of measuring and reg station equip - - - - -
867 Maintenance of other equipment - - - - -
870 Operation supervision and engineering - - - - -
</TABLE>
<PAGE>
Page 19e
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
DISTRIBUTION GAS PLANNING,
SUPPORT CUSTOMER MARKETING
ACCOUNT DESCRIPTION OF ITEMS SERVICES TRANSPORTATION SERVICE MARKETING & SUPPLY
- ------- -------------------- -------- -------------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
871 Distribution load dispatching - - - - 777
874 Mains and services expenses - - - - -
875 Measuring and reg station exp - General - - - - -
876 Measuring and reg station exp - Industrial - - - - -
877 Measuring and reg station exp - City gate - - - - -
878 Meter and house regulator expenses - - - - -
879 Customer installation expenses - - - - -
880 Other expenses 1 - - - -
885 Maintenance supervision and engineering - - - - -
887 Maintenance of mains - - - - -
892 Maintenance of services - - - - -
893 Maint of meters and house regulators - - - - -
894 Maintenance of other equipment - - - - -
901 Supervision - - 1,701 1 -
902 Meter reading expenses - - 18 - -
903 Customer records and collection expenses - - 26,514 4 -
904 Uncollectible accounts - - - - -
905 Misc customer accounts expenses - - 2 - -
907 Supervision - - - 78 -
908 Customer assistance expenses 1 - - 196 -
909 Informational/instructional advertising exp - - 51 - -
910 Misc customer service/ informational exp 43 2 - 2,862 -
911 Supervision - - - 176 156
912 Demonstrating and selling expenses - - 2 303 1,080
</TABLE>
<PAGE>
Page 19e
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
DISTRIBUTION GAS PLANNING,
SUPPORT CUSTOMER MARKETING
ACCOUNT DESCRIPTION OF ITEMS SERVICES TRANSPORTATION SERVICE MARKETING & SUPPLY
- ------- -------------------- -------- -------------- ------- --------- --------
<S> <C> <C> <C> <C> <C> <C>
920 Salaries and wages 706 54 744 1,301 465
921 Office supplies and expenses 79 202 841 1,589 222
922 Administrative expense - - - - -
923 Outside services employed 35 - 87 783 -
924 Property insurance - - - - -
925 Injuries and damages 9 - 89 32 22
926 Employee pensions and benefits 179 - 1,939 769 554
928 Regulatory commission expense - - - - -
930.1 General advertising expenses - - - - -
930.2 Miscellaneous general expense - - - - -
931 Rents 58 - 606 241 172
932 Maintenance of structures and equipment - - - - -
935 Maintenance of general plant - - - - -
403 Depreciation and amortization expense - - - - -
408 Taxes other than income taxes 56 - 649 249 181
409 Income taxes - - - - -
410 Provision for deferred income taxes - - - - -
411 Provision for deferred income taxes-credit - - - - -
411.5 Investment tax credit - - - - -
417.1 Expenses of nonutility operations 1 - - 1,813 -
426.1 Donations - - - - -
426.5 Other donations - - - - -
427 Interest on long-term debt - - - - -
430 Interest on debt to associate companies - - - - -
431 Other interest expense - - - - -
--------------------------------------------------------------------
TOTAL EXPENSES $ 1,192 $ 258 $33,243 $10,401 $ 5,093
====================================================================
</TABLE>
<PAGE>
Page 19f
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
FINANCE
AND ENERGY
ACCOUNT DESCRIPTION OF ITEMS FACILITIES TREASURY SUPPLY
- ------- -------------------- ---------- -------- ------
<S> <C> <C> <C> <C>
500 Operation supervision and engineering $ - $ - $ -
501 Fuel - - -
502 Steam expenses - - -
505 Electric expenses 1 - -
506 Miscellaneous steam power expenses - - -
510 Maintenance supervision and engineering - - -
511 Maintenance of structures - - -
512 Maintenance of boiler plant - - -
513 Maintenance of electric plant - - -
514 Maintenance of miscellaneous steam plant - - -
535 Operation supervision and engineering - - -
537 Hydraulic expenses - - -
538 Electric expenses - - -
539 Misc hydraulic power generation expenses - - -
541 Maintenance supervision and engineering - - -
543 Maint of reservoirs, dams and waterways - - -
546 Operation supervision and engineering - - -
548 Generation expenses - - -
549 Misc other power generation expenses - - -
551 Maintenance supervision and engineering - - -
552 Maintenance of structures - - -
553 Maint of generating and electric plant - - -
556 System control and load dispatching - - 4
560 Operation supervision and engineering - - -
561 Load dispatching - - -
562 Station expenses - - -
563 Overhead line expenses - - -
566 Miscellaneous transmission expenses - - -
568 Maintenance supervision and engineering - - -
571 Maintenance of overhead lines - - -
573 Maint of miscellaneous transmission plant - - -
580 Operation supervision and engineering - - -
581 Load dispatching - - -
582 Station expenses - - -
</TABLE>
<PAGE>
Page 19f
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
FINANCE
AND ENERGY
ACCOUNT DESCRIPTION OF ITEMS FACILITIES TREASURY SUPPLY
- ------- -------------------- ---------- -------- ------
<S> <C> <C> <C> <C>
583 Overhead line expenses - - -
584 Underground line expenses - - -
585 Street lighting and signal system expenses - - -
586 Meter expenses - - -
587 Customer installation expenses - - -
588 Miscellaneous distribution expenses 1 - 10
590 Maintenance supervision and engineering - - -
592 Maintenance of station equipment - - -
593 Maintenance of overhead lines - - -
594 Maintenance of underground lines - - -
595 Maintenance of line transformers - - -
596 Maint of street lighting and signal systems - - -
597 Maintenance of meters - - -
598 Maint of miscellaneous distribution plant - - -
807 Purchased gas expneses - - -
813 Other gas supply expenses - - -
814 Operation supervision and engineering - - -
818 Compressor station expenses - - -
820 Measuring and regulating station expenses - - -
824 Other expenses - - -
850 Operation supervision and engineering - - -
851 System control and load dispatching - - -
852 Communication system expenses - - -
853 Compressor station labor and expenses - - -
856 Mains expenses - - -
857 Measuring and regulating station expenses - - -
859 Other expenses - - -
861 Maintenance supervision and engineering - - -
864 Maint of compressor station equipment - - -
865 Maint of measuring and reg station equip - - -
867 Maintenance of other equipment - - -
870 Operation supervision and engineering - - -
</TABLE>
<PAGE>
Page 19f
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
FINANCE
AND ENERGY
ACCOUNT DESCRIPTION OF ITEMS FACILITIES TREASURY SUPPLY
- ------- -------------------- ---------- -------- ------
<S> <C> <C> <C> <C>
871 Distribution load dispatching - - -
874 Mains and services expenses - - -
875 Measuring and reg station exp - General - - -
876 Measuring and reg station exp - Industrial - - -
877 Measuring and reg station exp - City gate - - -
878 Meter and house regulator expenses - - -
879 Customer installation expenses - - -
880 Other expenses - - -
885 Maintenance supervision and engineering - - -
887 Maintenance of mains - - -
892 Maintenance of services - - -
893 Maint of meters and house regulators - - -
894 Maintenance of other equipment - - -
901 Supervision - - -
902 Meter reading expenses - - -
903 Customer records and collection expenses - - -
904 Uncollectible accounts - - -
905 Misc customer accounts expenses - - -
907 Supervision - - -
908 Customer assistance expenses - 1 -
909 Informational/instructional advertising exp - - -
910 Misc customer service/ informational exp - 2 -
911 Supervision - 4 -
912 Demonstrating and selling expenses - - -
</TABLE>
<PAGE>
Page 19f
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVII--SCHEDULE OF EXPENSE
BY DEPARTMENT OR SERVICE FUNCTION
(thousands of dollars)
INSTRUCTIONS: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
FINANCE
AND ENERGY
ACCOUNT DESCRIPTION OF ITEMS FACILITIES TREASURY SUPPLY
- ------- -------------------- ---------- -------- ------
<S> <C> <C> <C> <C>
871 Distribution load dispatching - - -
- ------------------------------------------------------------------------------------------------------------------
920 Salaries and wages 1,113 1,315 114
921 Office supplies and expenses 4,332 738 66
922 Administrative expense - - -
923 Outside services employed 7 3 -
924 Property insurance - - -
925 Injuries and damages 7 12 1
926 Employee pensions and benefits 234 325 31
928 Regulatory commission expense - - -
930.1 General advertising expenses - - -
930.2 Miscellaneous general expense - - -
931 Rents 388 99 10
932 Maintenance of structures and equipment - - -
935 Maintenance of general plant - - 5
403 Depreciation and amortization expense - - -
408 Taxes other than income taxes 104 106 10
409 Income taxes - - -
410 Provision for deferred income taxes - - -
411 Provision for deferred income taxes-credit - - -
411.5 Investment tax credit - - -
417.1 Expenses of nonutility operations 3 6 -
426.1 Donations - - -
426.5 Other donations - - -
427 Interest on long-term debt - - -
430 Interest on debt to associate companies - - -
431 Other interest expense - - -
------------------------------------------
TOTAL EXPENSES $ 6,190 $ 2,611 $ 251
==========================================
</TABLE>
<PAGE>
Page 20
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
DEPARTMENTAL ANALYSIS OF SALARIES--ACCOUNT 920
(thousands of dollars)
<TABLE>
<CAPTION>
DEPARTMENTAL SALARY EXPENSE
----------------------------------------
INCLUDED IN AMOUNTS BILLED TO:
PARENT NUMBER OF
NAME OF DEPARTMENT TOTAL COMPANY OTHER NON- PERSONNEL
OR SERVICE FUNCTION AMOUNT (NCE) ASSOCIATES ASSOCIATES END OF YEAR
- ------------------- ------ ----- ---------- ---------- -----------
<S> <C> <C> <C> <C> <C>
Executive Services $ 4,884 $ 200 $ 4,684 $ - 37
Audit Services 981 45 936 - 17
Aviation - - - - 12
Governmental Affairs 289 84 205 - 7
Corporate Communications 1,389 30 1,359 - 26
General Counsel 1,442 185 1,257 - 15
Corporate Planning & Development 2,181 68 2,113 - 27
Production Services 2,524 1 2,523 - 82
Electric Commodity - Business
Development 369 - 369 - 7
Purchased Power 515 - 515 - 38
Energy & Environmental 1,424 - 1,424 - 34
Resource Acquisition 1,759 - 1,759 - 31
Information Technology 343 - 343 - 23
Supply Chain 3,395 - 3,395 - 68
Investor Relations 400 16 384 - 5
Payment & Reporting 603 - 603 - 20
Human Resources 5,399 1 5,398 - 98
Regulatory Administration 2,045 - 2,045 - 32
Controllers Organization 3,670 177 3,493 - 62
Wholesale/Bulk Power Sales 40 - 40 - 14
Residential and Business Sales 215 - 215 - 51
Custom Account Sales 47 - 47 - 10
Strategic and Key Account Sales 27 - 27 - 19
Community and Economic Development 77 - 77 - 9
Design Engineering 1,757 - 1,757 - 27
Substation Engineering 3,472 - 3,472 - 65
Transmission Engineering 3,256 - 3,256 - 63
Construction, Oper & Maintenance 513 - 513 - 11
Distribution Support Services 706 3 703 - 16
Transportation 54 - 54 - 3
Customer Service 744 - 744 - 240
Marketing 1,301 17 1,284 - 47
Gas Planning, Marketing & Supply 465 1 464 - 40
Facilities 1,113 1 1,112 - 7
Finance & Treasury 1,315 131 1,184 - 19
Energy Supply/Bulk Power Transport 114 - 114 - 2
----------------------------------------------------
TOTAL $48,828 $ 960 $47,868 $ - 1,284
====================================================
</TABLE>
<PAGE>
Page 21
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
OUTSIDE SERVICES EMPLOYED--ACCOUNT 923
(thousands of dollars)
INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate
amounts paid to any one payee and included within one category is less than
$25,000, only the aggregate number and amount of all such payments included
within the subaccounts need be shown. Provide a subtotal for each type of
service.
<TABLE>
<CAPTION>
RELATIONSHIP
SERVICES A'=ASSOCIATED
FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT
------------------- -------- ------------------ ------
<S> <C> <C> <C>
Legal Services
Other (33) Legal Services NA 81
------
Total Legal Services 81
------
Auditing, Tax, Consulting and Accounting Services
Arthur Andersen, LLP Auditing, Tax and Other Services NA 3,914
Deloitte & Touche, LLP Auditing, Tax and Other Services NA 3,603
KPMG Peat Marwick LLP Auditing, Tax and Other Services NA 45
Terry & Stephenson Auditing: Benefits NA 26
-----
Total Auditing, Tax, Consulting and Other Services 7,588
-----
Temporary Personnel
Account Temps, Inc. Temporary Personnel NA 33
Accu Staff, Inc. Temporary Personnel NA 61
Kelly Services Temporary Personnel NA 177
Office Team Temporary Personnel NA 141
Precision Resources Temporary Personnel A 636
Power Engineering Temporary Personnel NA 107
----
Total Temporary Personnel 1,155
-----
Consulting Services
Gene Smith Supply Chain Consulting NA 126
Hagler Bailly Consulting Consulting Services NA 57
IBM Global Services Computer Services Consulting NA 224
Management Systems
International Business Process Improvement NA 481
Policy Assessment Corp. Electric Deregulation Consulting NA 145
Towers Perrin Benefits Consulting NA 207
Watson Wyatt & Company Benefits Consulting NA 176
-----
Total Consulting 1,416
-----
Outside Services
Apogee Group, Inc. Management Training NA 50
Bank of New York Transfer Agent Fee NA 451
Beacon Hill Partner Transfer Agent Fee NA 35
Cegelec ESCA Corp Consulting NA 39
Enron Wind Development Energy Consulting NA 44
Executive Life Insurance
Plan Benefits NA 97
Hanley Communications, Inc. Marketing NA 59
</TABLE>
<PAGE>
Page 21a
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
OUTSIDE SERVICES EMPLOYED--ACCOUNT 923
(thousands of dollars)
<TABLE>
<CAPTION>
RELATIONSHIP
SERVICES A'=ASSOCIATED
FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT
------------------- -------- ------------------ ------
<S> <C> <C> <C>
Hartford Life & Annuity Benefits NA $ 200
Health Promotion
Management, Inc. Wellness Program NA 91
Henwood Energy Services Utility Deregulation Consulting NA 39
Indus International Supply Chain Consulting NA 686
International Billing
Services Computer Programming NA 214
International Utility
Efficiency Membership NA 57
JA Wright & Associates Consulting Services NA 37
Media Mosaic Communication Consulting NA 33
Message Factors Incorporated Marketing Consulting NA 55
New Energy Associates Business Unit Process Improvement NA 160
Pacific Economics Group Strategic Business Consulting NA 74
Power Quality Utility Consulting NA 26
Radian International Air Quality Consulting NA 44
South Park Motor Limited Freight Service NA 171
Stafford Group Consulting Services NA 52
Stratus Consulting Inc. Consulting Services NA 64
Vanguard Fiduciary Trust
Company Benefits Administration NA 43
Walker Interactive
Consulting Computer Program Consulting NA 480
Other (400) Various NA 845
-------
Total Outside Services 4,146
-------
TOTAL OUTSIDE SERVICES EMPLOYED $14,386
=======
</TABLE>
<PAGE>
Page 22
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
EMPLOYEE PENSION AND BENEFITS--ACCOUNT 926
(thousands of dollars)
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be limited to $25,000.
DESCRIPTION AMOUNT
----------- ------
-------------
Incentive Plan $ 6,000
Pensions (1,676)
Supplemental Executive Retirement Plan 4,000
Employee Savings Plans (401K) 623
Post Retirement Health Care 1,020
Post Retirement Life Insurance 37
Managed Health Care 4,879
Other Medical 51
Dental Care 818
Vision Care 180
Long-term Disability 618
Life Insurance (109)
Postemployment benefits 1,129
Vacation 536
Other (790)
-------------
$ 17,316
=============
<PAGE>
Page 23
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
GENERAL ADVERTISING EXPENSE-ACCOUNT 930.1
(thousands of dollars)
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according to the nature of
the advertising and as defined in the account definition. If a particular class
includes an amount in excess of $3,000 applicable to a single payee, show
separately the name of the payee and the aggregate amount applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT
Contract Advertising Personnel Hotchkiss, Inc. 74
Advertising/Printing Wayne A. Salge 2
Miscellaneous Advertising Various 1
-----
TOTAL $ 77
======
MISCELLANEOUS GENERAL EXPENSES-ACCOUNT 930.2
(thousands of dollars)
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses" classifying such expenses according to their
nature. Payments and expenses permitted by Section 321 (b)(2) of the Federal
Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441
(b)(2)) shall be separately classified.
DESCRIPTION NAME OF PAYEE AMOUNT
Miscellanous General Expenses Various $ 3
Board of Director Fees and Expenses Various 927
Industry Dues Edison Power Research Institute 850
------
TOTAL $1,780
======
RENTS-ACCOUNT 931
(thousands of dollars)
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as defined in the
account definition of the Uniform System of Accounts.
TYPE OF PROPERTY AMOUNT
Rents - Office Space $5,798
------
TOTAL $5,798
======
<PAGE>
Page 24
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
TAXES OTHER THAN INCOME TAXES--ACCOUNT 408
(thousands of dollars)
INSTRUCTIONS: Provide an analysis of Account 408 "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than U.S. Government
taxes, and (2) U.S. Government taxes. Specify each of the various kinds of taxes
and show the amounts thereof. Provide a subtotal for each class of tax.
DESCRIPTION AMOUNT
- ----------- ------
Other Than U.S. Government Taxes:
State Unemployment Taxes $ 165
Denver City Tax 40
Aurora City Tax 1
Franchise Tax - Texas, Kansas, Delaware, Ohio and New Mexico 1
Other - various 7
------
SUBTOTAL 214
------
U.S. Government Taxes:
Social Security Taxes 5,392
Federal Unemployment Taxes 80
------
SUBTOTAL 5,472
------
TOTAL $ 5,686
=======
<PAGE>
Page 25
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
DONATIONS--ACCOUNT 426.1
(thousands of dollars)
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The aggregate number and
amount of all items of less than $3,000 may be shown in lieu of details.
<TABLE>
<CAPTION>
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
<S> <C> <C>
Amarillo Area Foundation Contribution to support the Pharmacy School at Texas Tech $20
Citizen's Scholarship Foundation Contribution to support scholarship program 32
Colorado State University Contribution to support scholarship program 18
Craig Methodist Retirement Community Contribution to support the activities of the organization 5
Georgetown Energy Museum Contribution to support the activities of the organization 60
Texas Tech Foundation, Inc. Contribution to support the building of Spirit Arena - Lubbock 20
West Texas A&M University Contribution to support scholarship program 3
NCE Foundation Contributions to support the activities of the organization 2,047
Other (19) 14
TOTAL $ 2,219
=======
</TABLE>
<PAGE>
Page 26
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
OTHER DEDUCTIONS--ACCOUNT 426.5
(thousands of dollars)
INSTRUCTIONS: Provide a listing of the amount include in Account 426.5, "Other
Deductions", classifying such expenses according to their nature.
DESCRIPTION NAME OF PAYEE AMOUNT
- ----------- ------------- ------
Expenditures for Certain Civic, Company employee and administrative
Political & Related Activities costs for civic, political and
related activities (1,057 items) $554
----
TOTAL $554
====
<PAGE>
Page 27
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
SCHEDULE XVIII--NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars as to any
significant increases and services rendered or expenses incurred during the
year. Notes related to financial statements shown elsewhere in this report may
be indicated here by reference.
The December 31, 1999 Statement of Income and related detailed schedules
includes accounts as specified by the Federal Energy Regulatory Commission
("FERC") and provides a greater level of detail than was reported for the year
ended December 31, 1998. The following summarizes accounts by major type of
expense categories as classified under the FERC Uniform System of Accounts.
CATEGORY ACCOUNTS
- -------- ---------
Power Production Expenses, Steam Power Generation 500-515
Power Production Expenses, Hydraulic Power Generation 535-545
Power Production Expenses, Other Power Generation 546-554
Power Production Expenses, Other Power Supply 555-557
Electric Transmission Expenses 560-574
Electric Distribution Expenses 580-598
Natural Gas Production Expenses, Other Gas Supply 799-813
Natural Gas Storage Expenses, Underground Storage 814-839
Gas Transmission Expenses 850-870
Gas Distribution Expenses 871-895
Customer Account Expenses 901-910
Sales Expenses 911-917
Administrative and General Expenses 920-935
Also, see Notes to Financial Statements on pages 14-14e, for additional Notes to
Statement of Income.
<PAGE>
Page 28
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
For the Year Ended December 31, 1999
ORGANIZATION CHART (SUMMARY LEVEL)
ORGANIZATION CHART SERVICE FUNCTION
Chairman Executive Services
Audit Services Audit Services
Aviation Aviation
Governmental Affairs Governmental Affairs
Vice-Chairman Executive Services
Corporate Communications Corporate Communications
General Counsel General Counsel
Corporate Planning and Development-Sr. V.P. Executive Services
Business Planning and Development Corp. Planning and Development
Commodity Services-Executive V.P. Executive Services
Commodity Services-all others Commodity Services
Production Services Commodity Services
Energy and Environmental-V.P. Energy and Environmental
Energy and Environmental-all others Energy and Environmental
Purchased Power and Electric Trading Purchased Power
Marketing and Services-President Marketing
Sales-V.P. Sales
Sales-all others Sales
Marketing Marketing
Design Engineering-V.P. Design Engineering
Design Engineering-all others Design Engineering
Construction, Operations and
Maintenance-V.P. Constr., Oper. and Maint.
Construction, Operations and
Maintenance-all others Constr., Oper. and Maint.
Customer Accounts and Services Customer Service
Energy Supply Management and Bulk
Power Transport Energy Supply
Gas Planning, Marketing and Supply Gas Plan., Marketing and Supply
Financial and Support Services-CFO Executive Services
Human Resources-V.P. Human Resources
Human Resources-all others Human Resources
Regulatory Administration Executive Services
Regulatory Administration-all others Regulatory Administration
Finance and Treasury - Sr. V.P. Executive Services
Finance and Treasury-Director Finance and Treasury
Finance and Treasury-all others Finance and Treasury
Accounting - Controller Executive Services
Accounting-all others Controllers Organization
Information Technology Information Technology
Supply Chain Supply Chain
Facilities and Real Estate Facilities and Real Estate
Shareholder Services Investor Relations
<PAGE>
Page 29
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
METHODS OF ALLOCATION
Sales Ratio - Based on firm kilowatt-hour electric sales (and/or the
equivalent cubic feet of natural gas sales based on a Btu content, where
applicable), excluding inter-system sales, for the immediately preceding
twelve consecutive calendar months, the numerator of which is for an
Operating Company or an affiliate and the denominator of which is for all
Operating Companies and affected affiliate companies. This ratio will be
determined annually, or at such time as may be required due to a
significant change.
Residential Sales Ratio - Based on firm kilowatt-hour electric sales to
residential customers for the immediately preceding twelve consecutive
calendar months, the numerator of which is for an Operating Company or an
affiliate and the denominator of which is for all Operating Companies and
affected affiliate companies. This ratio will be determined annually, or
at such time as may be required due to a significant change.
Business Sales Ratio - Based on firm kilowatt-hour electric sales to
business customers that purchase less than 250 kilowatts for the
immediately preceding twelve consecutive calendar months, the numerator of
which is for an Operating Company or an affiliate and the denominator of
which is for all Operating Companies and affected affiliate companies.
This ratio will be determined annually, or at such time as may be required
due to a significant change.
Large Commercial & Industrial Sales Ratio - Based on firm kilowatt-hour
electric sales to large commercial and industrial customers that purchase
greater than 250 kilowatts for the immediately preceding twelve
consecutive calendar months, the numerator of which is for an Operating
Company or an affiliate and the denominator of which is for all Operating
Companies and affected affiliate companies. This ratio will be determined
annually, or at such time as may be required due to a significant change.
Electric Peak Load Ratio - Based on the sum of the monthly electric
maximum system demands for the immediately preceding twelve consecutive
calendar months, the numerator of which is for an Operating Company and
the denominator of which is for all Operating Companies. This ratio will
be determined annually, or at such time as may be required due to a
significant change.
Customers Ratio - Based on the sum of total electric customers (and/or gas
customers, or residential, business and large commercial and industrial
customers where applicable) at the end of each month for the immediately
preceeding twelve consecutive calendar months, the numerator of which is
for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies. This ratio will be determined annually, or at such time as may
be required due to a significant change.
Employees Ratio - Based on the sum of the number of employees at the end
of each month for the immediately preceding twelve calendar months, the
numerator of which is for an Operating Company or an affected affiliate
company and the denominator of which is for all Operating Companies and
affected affiliate companies. This ratio will be determined annually, or
at such time as may be required due to a significant change.
<PAGE>
Page 29a
Construction Expenditures Ratio - Based on construction or capital
expenditures, net of reimbursements, for the immediately preceding twelve
consecutive calendar months, the numerator of which is for an Operating
Company or an affected affiliate company and the denominator of which is
for all Operating Companies and affected affiliate companies. This ratio
will be determined annually, or at such time as may be required due to a
significant change.
Transmission Construction Expenditures Ratio - Based on transmission
construction or capital expenditures, net of reimbursements, for the
immediately preceding twelve consecutive calendar months, the numerator of
which is for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies. This ratio will be determined annually, or at such time as may
be required due to a significant change.
Distribution Construction Expenditures Ratio - Based on distribution
construction or capital expenditures, net of reimbursements, for the
immediately preceding twelve consecutive calendar months, the numerator of
which is for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies. This ratio will be determined annually, or at such time as may
be required due to a significant change.
Substation Construction Expenditures Ratio - Based on substation
construction or capital expenditures, net of reimbursements, for the
immediately preceding twelve consecutive calendar months, the numerator of
which is for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies. This ratio will be determined annually, or at such time as may
be required due to a significant change.
Total Common Equity Ratio, with 20 Percent of Common Equity assigned to
New Century Energies, Inc. - Based on the sum of the common equity at the
end of each month for the immediately preceding twelve calendar months,
the numerator of which is for an Operating Company or an affected
affiliate company and the denominator of which is for all Operating
Companies and affected affiliate companies. This ratio will be determined
annually, or at such time as may be required due to significant changes.
Revenue Ratio - Based on the sum of the revenue at the end of each month
for the immediately preceding twelve consecutive calendar months, the
numerator of which is for an Operating Company or an affected affiliate
company and the denominator of which is for all Operating Companies and
affected affiliate companies. This ratio will be determined annually, or
at such time as may be required due to significant changes.
Wholesale Revenue Ratio - Based on the sum of the electric wholesale
revenue at the end of each month for the immediately preceding twelve
consecutive calendar months, the numerator of which is for an Operating
Company or an affected affiliate company and the denominator of which is
for all Operating Companies and affected affiliate companies. This ratio
will be determined annually, or at such time as may be required due to
significant changes.
Industrial Revenue Ratio - Based on the sum of the electric industrial
revenue at the end of each month for the immediately preceding twelve
consecutive calendar months, the numerator of which is for an Operating
Company or an affected affiliate company and the denominator of which is
for all Operating Companies and affected affiliate companies. This ratio
will be determined annually, or at such time as may be required due to
significant changes.
<PAGE>
Page 29b
Payroll Ratio - Based on the sum of the payroll at the end of each month
for the immediately preceding twelve consecutive calendar months, the
numerator of which is for an Operating Company or an affected affiliate
company and the denominator of which is for all Operating Companies and
affected affiliate companies. This ratio will be determined annually, or
at such time as may be required due to significant changes.
Electric Mwh Generation - Based on the sum of electric Mwh generated
during each month for the immediately preceding twelve consecutive
calendar months, the numerator of which is for an Operating Company and
the denominator of which is for all Operating Companies. This ratio will
be determined annually, or at such time as may be required due to
significant changes.
Electric Kwh Purchased Power Ratio - Based on the sum of electric Kwh
purchased power during each month for the immediately preceding twelve
consecutive calendar months, the numerator of which is for an Operating
Company and the denominator of which is for all Operating Companies. This
ratio will be determined annually, or at such time as may be required due
to significant changes.
Total Assets Ratio - Based on the total assets at year end for the
preceding year, the numerator of which is for an Operating Company or
affected affiliate company and the denominator of which is for all
Operating Companies and affected affiliate companies. This ratio will be
determined annually, or at such time as may be required due to significant
changes.
Cost of Gas Sold - Based on the sum of the cost of gas sold at the end of
each month for the immediately preceding twelve consecutive calendar
months, the numerator of which is for an Operating Company or an affected
affiliate company and the denominator of which is for all Operating
Companies and affected affiliate companies. This ratio will be determined
annually, or at such time as may be required due to significant changes.
Gas Throughput Ratio - Based on the sum of the gas throughput dekatherms
at the end of each month for the immediately preceding twelve consecutive
calendar months, the numerator of which is for an Operating Company or an
affected affiliate company and the denominator of which is for all
Operating Companies and affected affiliate companies. This ratio will be
determined annually, or at such time as may be required due to significant
changes.
Gas Transport Dekatherms - Based on the sum of transported gas dekatherms
at the end of each month for the immediately preceding twelve consecutive
calendar months, the numerator of which is for an Operating Company or an
affected affiliate company and the denominator of which is for all
Operating Companies and affected affiliate companies. This ratio will be
determined annually, or at such time as may be required due to significant
changes.
Payment Transaction Ratio - Based on the sum of the number of payment
transactions processed during each month for the immediately preceding
twelve consecutive calendar months, the numerator of which is for an
Operating Company or an affected affiliate company and the denominator of
which is for all Operating Companies and affected affiliate companies.
This ratio will be determined annually, or at such time as may be required
due to significant changes.
Accounting Transactions Ratio - Based on the sum of the number of
accounting transactions processed during each month for the immediately
preceding twelve consecutive calendar months, the numerator of which is
for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies.
<PAGE>
Page 29c
Square Footage Ratio - Based on the total square footage at yearend for
the preceding year, the numerator of which is for an Operating Company or
an affected affiliate company and the denominator of which is for all
Operating Companies and affiliate companies.
Labor Dollars Ratio - Based on NCS labor dollars charged to regulated and
non-regulated companies by department by month, the numerator of which is
for an Operating Company or an affected affiliate company and the
denominator of which is for all Operating Companies and affected affiliate
companies.
<PAGE>
Page 30
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
For the Year Ended December 31, 1999
The following annual statement was supplied to each associate company in
support of the amount of compensation for use of capital billed during 1999:
In accordance with Instruction 01-12 of the Securities and Exchange
Commission's Uniform System of Accounts for Mutual Service Companies and
Subsidiary Service Companies, New Century Services, Inc. submits the following
information on the billing of interest on borrowed funds to associated companies
for the year 1999:
A. Amount of interest billed to associate companies is contained on page
16, Analysis of Billing.
B. Amount of interest NCS pays NCE is based on NCE's weighted cost of debt
adjusted for NCE's commitment (facilities) fees. Interest is billed to
associate companies based on the allocation factor for Finance and
Treasury, which is the average of the Revenue Ratio, Total Asset Ratio
and Total Common Equity Ratio.
<PAGE>
Page 31
ANNUAL REPORT OF NEW CENTURY SERVICES, INC.
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company Act of
1935 and the rules and regulations of the Securities and Exchange Commission
issued thereunder, the undersigned company has duly caused this report to be
signed on its behalf by the undersigned officer thereunto duly authorized.
New Century Services, Inc.
-----------------------------------
(Name of Reporting Company)
By: /s/ Teresa S. Madden
-----------------------------------
(Signature of Signing Officer)
Teresa S. Madden, Controller
-----------------------------------
(Printed Name and Title of Signing Officer)
Date: April 28, 2000
<TABLE> <S> <C>
<ARTICLE> OPUR2
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM NEW CENTURY
SERVICES, INC. BALANCE SHEET & INCOME STATEMENT AS OF DECEMBER 31, 1999.
</LEGEND>
<CIK> 0001004858
<NAME> New Century Energies, Inc.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 1,012
<TOTAL-INVESTMENTS> 0
<TOTAL-CURRENT-ASSETS> 73,612
<TOTAL-DEFERRED-DEBITS> 1,586
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 76,210
<TOTAL-PROPRIETARY-CAPITAL> 1
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 30,200
<OTHER-CURR-AND-ACCRUED-LIAB> 34,507
<TOTAL-DEFERRED-CREDITS> 8,662
<DEFERRED-INCOME-TAX> 2,840
<TOT-LIABIL-AND-PROPRIET-CAP> 76,210
<SERVICES-ASSOCIATE-COMPANIES> 252,670
<SERVICES-NON-ASSOCIATE-COMP> 0
<MISC-INCOME-OR-LOSS> 20
<TOTAL-INCOME> 252,690
<SALARIES-AND-WAGES> 48,828
<EMPLOYEE-PENSION-AND-BENEFIT> 17,316
<OTHER-EXPENSES> 186,546
<TOTAL-EXPENSES> 252,690
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 144,283
<TOTAL-EXPENSES-INDIRECT-COST> 108,407
<TOT-EXP-DIRECT-AND-INDIRECT> 252,690
<PERSONNEL-END-OF-YEAR> 1,260
</TABLE>
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