UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
Statement By Holding Company Claiming Exemption
Under Rule U-3A-2 from the Provisions of the
Public Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
MIDAMERICAN ENERGY HOLDINGS COMPANY
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, state of organization, location and nature of business of claimant and
every subsidiary thereof.
A. MidAmerican Energy Holdings Company - Organized as a holding company.
Incorporated in Iowa. Headquartered in Des Moines, Iowa.
The following companies are subsidiaries of MidAmerican Energy
Holdings Company as defined by Section 2(a):
B. Utility Subsidiaries
--------------------
100% Owned
MidAmerican Energy Company - Organized as a public utility to
generate, transmit and distribute electric energy and to
distribute natural gas. Incorporated in Iowa. Headquartered in
Des Moines, Iowa.
i. 100% owned by MidAmerican Energy Company
CBEC Railway Inc. - Organized to own and operate rail
facilities for the transportation of coal. Incorporated in
Iowa. Headquartered in Des Moines, Iowa.
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<PAGE>
C. Nonregulated Business Subsidiaries
----------------------------------
100% Owned
i. MidAmerican Capital Company - Organized as a holding company for
nonregulated business subsidiaries. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
a. 100% Owned by MidAmerican Capital Company
InterCoast Energy Company - Organized to market nonregulated
electric energy, and produce and market oil and gas.
Incorporated in Delaware. Headquartered in Des Moines,
Iowa.
AmGas Inc. - Organized to market nonregulated natural gas to end
users. Incorporated in Iowa. Headquartered in Dallas, Texas.
Cimmred Capital Company - Organized to invest in, develop and/or
manage financial business ventures. Incorporated in Iowa.
Headquartered in Wilmington, Delaware.
Cimmred Energy Company - Organized to manage nonregulated
electric energy. Incorporated in Iowa. Headquartered in
Des Moines, Iowa.
Cimmred Leasing Company - Organized to invest in, develop and/or
manage financial business ventures. Incorporated in South
Dakota. Headquartered in Wilmington, Delaware.
Continental Power Exchange, Inc. - Organized to provide
electronic services to electric energy buyers and sellers.
Incorporated in Delaware. Headquartered in Atlanta, Georgia.
Cornhusker Railcar Services, Inc. - Organized to engage in
railcar repair and maintenance. Incorporated in Iowa.
Headquartered in Grand Island, Nebraska.
GED Energy Services, Inc. - Organized to market nonregulated oil
and gas. Incorporated in Delaware. Headquartered in Tulsa,
Oklahoma.
InterCoast Capital Company - Organized to invest in and manage
securities. Incorporated in Delaware. Headquartered in
Wilmington, Delaware.
InterCoast Energy Marketing and Services Company - Organized to
engage in energy marketing at both wholesale and retail.
Incorporated in Delaware. Headquartered in Des Moines, Iowa.
InterCoast Gas Marketing Company - Organized to market
nonregulated oil and gas. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Gas Services Company (DE) - Organized to market non-
regulated oil and gas. Incorporated in Delaware. Head-
quartered in Dallas, Texas.
InterCoast Gas Services Company (OK) - Organized to market
nonregulated oil and gas. Incorporated in Oklahoma.
Headquartered in Tulsa, Oklahoma.
InterCoast Global Management Company - Organized to manage
securities investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
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<PAGE>
MidAmerican Capital Company (Continued)
InterCoast Investment Group, Inc. - Organized to invest in and/or
manage securities investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Power Company - Organized to manage nonregulated
electric energy investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Power Marketing Company - Organized to market
nonregulated electric energy. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Trade & Resources Inc. - Organized to market
nonregulated oil and gas. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Ventures Company - Organized to make venture
capital investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
IWG Co. 3 - Organized to invest in leveraged leases and
nonregulated power projects. Incorporated in Delaware.
Headquartered in Wilmington, Delaware.
IWG Co. 4 - Organized to hold equity participations in leveraged
equipment leases. Incorporated in Delaware. Headquartered in
Wilmington, Delaware.
IWG Co. 8 - Organized to invest in nonregulated hydropower
projects or companies. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
IWG Co. 9 - Organized to make investments in limited
partnerships managing high yield bonds. Incorporated in
Delaware. Headquartered in Des Moines, Iowa.
Medallion California Properties Company - Organized to explore,
acquire and develop gas and oil interests. Incorporated in
Texas. Headquartered in Pacoima, California.
InterCoast Oil and Gas Company - Organized to explore, acquire
and develop gas and oil interests. Incorporated in
Delaware. Headquartered in Tulsa, Oklahoma.
MWR Capital Inc. - Organized to invest in, develop and/or manage
financial business ventures. Incorporated in Iowa.
Headquartered in Wilmington, Delaware.
MWR Investments, Inc. - Organized to invest in, develop and/or
manage investments and financial business ventures.
Incorporated in Iowa. Headquartered in Des Moines, Iowa.
TTP, Inc. - Organized to invest in, develop and/or manage a
cogeneration partnership. Incorporated in Iowa.
Headquartered in Des Moines, Iowa.
UNITRAIN, Inc. - Organized to own, lease and operate railroad
coal cars and to maintain railroad cars owned by others.
Incorporated in Iowa. Headquartered in Des Moines, Iowa.
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<PAGE>
MidAmerican Capital Company (Continued)
b. Less than 100% but Greater than 10% Owned by MidAmerican
Capital Company
Diversified Electronics LLP - Organized to provide home
security services. Incorporated in Iowa. Headquarted in
Des Moines, Iowa.
Edge Technologies, Inc. - A joint venture organized in Iowa to
generate capital for the development and commercialization
of inventions. Incorporated in Iowa. Headquartered in Ames,
Iowa.
Founders Trust Company - Organized to provide investment advice
and trust services. Incorporated in Texas. Headquartered in
Dallas, Texas.
McLeod Inc. - Organized to provide fiber optic telecommunications
services. Incorporated in Iowa. Headquartered in Cedar
Rapids, Iowa.
Mycotech Corporation - Organized to produce fungal products for
biopesticide and bioremediation applications. Incorporated
in Delaware. Headquartered in Butte, Montana.
Synergics, Inc. - Organized to develop and operate nonregulated
hydropower projects. Incorporated in Maryland. Headquartered
in Annapolis, Maryland.
Tenaska III Texas Partners - Organized in Texas to construct, own
and operate a cogeneration plant located near Paris, Texas.
Headquartered in Omaha, Nebraska.
Terra Blue Company - Organized to invest in and develop water
treatment projects. Incorporated in Delaware. Headquartered
in Omaha, Nebraska.
Utech Venture Capital Corporation - Organized to invest in
venture capital. Incorporated in Delaware. Headquartered in
Wilmington, Delaware.
ii. Midwest Capital Group, Inc. - Organized as a holding company
for nonregulated business development subsidiaries.
Incorporated in Iowa. Headquartered in Des Moines, Iowa.
a. 100% Owned by Midwest Capital Group, Inc.
Dakota Dunes Development Company - Organized to invest in,
develop and/or manage real estate business ventures.
Incorporated in Iowa. Headquartered in Dakota Dunes, South
Dakota.
Middlewood Mall, Inc. - Organized to invest in, develop and/or
manage commercial real estate ventures. Incorporated in
Iowa. Headquartered in Des Moines, Iowa.
b. Less than 100% but Greater than 10% Owned
Capital Center II Limited Partnership - Organized to construct,
own, and operate office buildings in Des Moines, Iowa.
Partnership formed in Iowa. Headquartered in Des Moines,
Iowa.
Capital Center III Limited Partnership - Organized to construct,
own and operate an office building in Des Moines, Iowa.
Partnership formed in Iowa. Headquartered in Des Moines,
Iowa.
Northgate Park Associates - Organized to develop and own an
office park. Partnership formed in Iowa. Headquartered in
Iowa City, Iowa.
RiverCenter Plaza Development Co., L.C. - Organized to construct,
own and operate a commercial real estate venture.
Incorporated in Iowa. Headquartered in Davenport, Iowa.
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<PAGE>
D. Inactive Subsidiaries
---------------------
100% Owned
Midwest Gas Company - Incorporated in Iowa. Headquartered in Des
Moines, Iowa.
DCCO Inc. - Incorporated in Minnesota. Headquartered in Des
Moines, Iowa.
* ENEREX Inc. - Incorporated in Iowa. Headquartered in Des Moines,
Iowa.
* InterCoast Sierra Power Company - Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
* InterCoast WindRiver Company - Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
* Iowa-Illinois Ventures, Inc. - Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
2. A brief description of the properties of the claimant and each of its
subsidiary public utility companies.
A. MidAmerican Energy Holdings Company is a holding company which owns
electric and gas utility operations and various nonregulated
businesses. MidAmerican Energy Holdings Company owns no physical
utility property.
B. MidAmerican Energy Company ("MidAmerican" or "Company") is a regulated
public utility company, incorporated in the State of Iowa. On July 1,
1995, Iowa-Illinois Gas and Electric Company, Midwest Resources Inc.
and its utility subsidiary, Midwest Power Systems Inc., merged with
and into MidAmerican.
The Company's utility operations consist of two principal business
units: an electric generation business unit and a marketing and
delivery business unit engaged in the transmission, distribution and
sale of electricity and the distribution of natural gas. The marketing
and delivery unit owns intrastate natural gas transmission lines that
do not constitute a material portion of the overall distribution
system; as such these lines are classified as distribution lines for
accounting purposes.
The Company's utility service territory spans the State of Iowa,
serving most of its larger cities as well as areas of Illinois, South
Dakota, and a small area of Nebraska. MidAmerican provides electric
service to 635,000 customers in Iowa, Illinois, and South Dakota and
natural gas service to 601,000 customers in Iowa, Illinois, South
Dakota, and Nebraska.
i. ELECTRIC OPERATIONS:
MidAmerican's transmission lines, operating from 34,500 to 345,000
volts, totalled 4,319 circuit miles at December 31, 1995 (4,029
miles are located in Iowa). MidAmerican owned 283 distribution
substations (249 are located in Iowa) and 52 transmission
substations (48 in Iowa) at December 31, 1995.
* Active at the end of 1995.
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<PAGE>
MidAmerican owns or connects with electric transmission lines
which deliver electric energy at or near the Iowa state border at
the following interconnecting points:
1. 161 kv interconnection near Creston, Iowa with Western Area
Power Administration;
2. 161 kv interconnection near Clarinda, Iowa with St. Joseph
Light and Power Company;
3. 345 and 161 kv interconnections at Council Bluffs, Iowa
with Omaha Public Power District;
4. 345 and 161 kv interconnection at Sioux City, Iowa with
Omaha Public Power District;
5. 69 kv interconnection at Hamburg, Iowa with Associated
Electric Cooperative, Inc.;
6. 345 kv interconnections near Hills, Iowa and near Haskins,
Iowa with Union Electric Company;
7. 345 kv interconnection at Sioux City, Iowa with Nebraska
Public Power District;
8. 345 kv interconnection at Cooper Nuclear Station with
Nebraska Public Power District;
9. 345 kv interconnection near Lakefield Junction, Minnesota
with Interstate Power Company;
10. 345 and 161 kv interconnections near Sioux City, Iowa with
Western Area Power Administration;
11. 345 kv interconnection at Quad-Cities Station near Cordova,
Illinois with Commonwealth Edison Company and Interstate
Power Company;
12. 138 kv interconnection near Galesburg, Illinois with
Illinois Power Company; and
13. 161 kv interconnection near Camanche, Iowa with
Interstate Power Company.
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<PAGE>
MidAmerican owns or connects with the following transmission lines
at or near the Iowa state border in order to serve its electric
customers:
1. two 69 kv transmission lines near McCook Lake, South
Dakota;
2. one 69 kv transmission line near Alcester, South Dakota;
3. one 161 kv transmission line near Rock Island, Illinois;
4. one 161 kv transmission line in East Moline, Illinois;
5. one 69 kv transmission line in or near Port Bryan and
Cordova, Illinois;
6. two 69 kv transmission lines in East Moline, Illinois;
7. two 69 kv transmission lines in Moline, Illinois; and
8. one 69 kv transmission line in Rock Island, Illinois.
Electric generating facilities at December 31, 1995 consisted of
the following. The net accredited generating capacity, along with
the participation purchases and sales, net, and firm purchases and
sales, net, are shown for the summer 1995 accreditation.
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<PAGE>
Accredited
Percent Generating
Plant Ownership Fuel Capability (kW)
- ---------------------------------------- --------- ----- ---------------
Steam Electric Generating Plants:
Iowa
George Neal Station
Unit No. 1 100.0 Coal 135,000
Unit No. 2 100.0 Coal 300,000
Unit No. 3 (jointly owned) 72.0 Coal 370,800
Unit No. 4 (jointly owned) 41.0 Coal 253,200
Ottumwa Unit (jointly owned) 52.0 Coal 372,100
Louisa Unit (jointly owned) 88.0 Coal 616,000
Council Bluffs Energy Center
Unit No. 1 100.0 Coal 46,000
Unit No. 2 100.0 Coal 88,000
Unit No. 3 (jointly owned) 79.0 Coal 533,900
Riverside Station
Unit No. 1 100.0 Coal 5,000
Unit No. 5 100.0 Coal 130,000
Total Steam Electric Generating Units 2,850,000
Combustion Turbines:
Iowa
Parr-2 units 100.0 Gas or Oil 30,800
Electrifarm-3 units 100.0 Gas or Oil 185,600
River Hills Energy Center-8 units 100.0 Gas or Oil 116,000
Sycamore Energy Center-2 units 100.0 Gas or Oil 149,000
Pleasant Hill-3 units 100.0 Oil 148,000
Coralville-1 unit 100.0 Gas or Oil 64,000
Illinois
Moline - 4 units 100.0 Gas or Oil 64,000
Total Combustion Turbine 757,400
Nuclear:
Illinois
Quad-Cities Station
Unit No. 1 (jointly owned) 25.0 Nuclear 192,300
Unit No. 2 (jointly owned) 25.0 Nuclear 192,500
Nebraska
Cooper Station (Note 1) 50.0 Nuclear 389,000
Total Nuclear 773,800
Hydro:
Illinois
Moline - 4 units 100.0 Water 3,200
Total Hydro 3,200
Net Accredited Generating Capability 4,384,400
Participation Purchases and Sales, Net (53,000)
Firm Purchases and Sales, Net (115,000)
Adjusted Net Accredited Generating Capability 4,216,400
(1) Cooper Nuclear Station is owned by Nebraska Public Power District and
the amount shown is MidAmerican's entitlement (50 percent) of Cooper's
accredited capability under a power purchase agreement extending to the
year 2004.
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<PAGE>
ii. GAS OPERATIONS
MidAmerican serves customers in Iowa, Illinois, South Dakota, and
Nebraska. The Federal Energy Regulatory Commission (FERC) issued
orders (collectively Order 636) effective November 1, 1993, which
have significantly changed the operations and regulatory
requirements for interstate pipeline companies. Prior to the
effective date of Order 636, natural gas was supplied by various
pipeline companies, producers, and brokers and was transported by
Northern Natural Gas Company, Natural Gas Pipeline Co. of America
and ANR Pipeline Co. The Order 636 changes directly impact local
distribution companies (LDCs), including MidAmerican, by
requiring LDCs to assume responsibility for the procurement,
transportation and storage of natural gas.
Natural gas is distributed through 18,284 miles of
distribution mains and services of which 14,279 miles are located
in Iowa, 1,965 miles in Illinois, 1,903 miles in South Dakota
and 137 miles in Nebraska.
Other natural gas property owned includes: three liquefied
natural gas plants located in Bettendorf, Iowa, Waterloo, Iowa,
and Des Moines, Iowa with 109,600 MMBtu maximum daily delivery
capacity and five propane-air gas peak shaving plants of which
four are located in Iowa and one in South Dakota, with a total
maximum daily delivery capacity of 81,340 MMBtu.
3. The following information, together with additional data, provides the
electric and natural gas data for MidAmerican for the year ended
December 31, 1995.
A. (1) Number of kWh of electric energy sold (at retail or wholesale):
Retail 14,997,796,000
Sales for Resale 5,509,161,000
(2) Number of MMBtu of natural gas distributed (at retail):
97,928,000
B. (1) Number of kWh of electric energy distributed at retail outside of
the state of incorporation:
South Dakota 93,055,000
Illinois 1,648,684,000
(2) Number of MMBtu of natural gas distributed at retail outside of
the state of incorporation:
Illinois 11,168,000
South Dakota 10,262,000
Nebraska 632,000
C. (1) Number of kWh of electric energy sold at wholesale outside of the
state of incorporation, or at the state line: None
The number of kWh of electric energy sold at wholesale outside of
the state of incorporation, or at the state line, excludes the
following sales for resale transactions originating within the
State of Iowa to purchasers outside the state: 3,939,402,000.
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<PAGE>
(2) Number of MMBtu of natural gas sold at wholesale outside of the
state of incorporation, or at the state line: None
The number of MMBtu of natural gas sold at wholesale outside the state
of incorporation, or at the state line, excludes the following sales
for resale transactions: 1,815,000.
D. (1) Number of kWh of electric energy purchased outside of the state of
incorporation, or at the state line:
Nebraska 2,848,939,000
Minnesota 416,753,000
North Dakota 169,788,000
South Dakota 290,283,000
Missouri 188,345,000
Wisconsin 1,594,000
Illinois 161,554,000
(2) Number of MMBtu of natural gas purchased outside of the state of
incorporation, or at the state line:
Minnesota 19,321,000
Kansas 6,489,000
Texas 16,465,000
Oklahoma 2,555,000
Arkansas 1,545,000
Nebraska 923,000
Louisiana 7,188,000
New Mexico 1,350,000
Illinois 3,740,000
E. Additional Data:
(1) Electric operating revenues (000):
Iowa 87.2% $ 954,480
Outside of Iowa 12.8% $ 140,167
Total 100.0% $ 1,094,647
(2) Natural gas operating revenues (000):
Iowa 78.0% $ 358,442
Outside of Iowa 22.0% $ 101,146
Total 100.0% $ 459,588
(3) Total average electric customers:
Iowa 86.4% 545,668
Outside of Iowa 13.6% 85,823
Total 100.0% 631,491
(4) Total average natural gas customers:
Iowa 78.6% 467,547
Outside of Iowa 21.4% 127,596
Total 100.0% 595,143
(5) Net utility plant-electric (000):
Iowa 86.3% $ 1,906,128
Outside of Iowa 13.7% $ 301,763
Total 100.0% $ 2,207,891
(6) Net utility plant-gas (000):
Iowa 80.8% $ 361,050
Outside of Iowa 19.2% $ 85,608
Total 100.0% $ 446,658
4. A. None
b. None
c. None
d. None
e. None
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<PAGE>
Exhibit A
Exhibit A, Pages 1 through 20 (see attached), shows consolidating
statements of income and retained earnings of the claimant and its subsidiary
companies for the year ended December 31, 1995, together with consolidating
balance sheets of the claimant and its subsidiary companies as of December 31,
1995.
Exhibit B
A consolidated financial data schedule will accompany the filed version of
this draft form when filed with the Commission via EDGAR.
Exhibit C
Not Applicable.
The above named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 2nd day of December, 1996.
MidAmerican Energy Holdings Company
By ss/ P. G. Lindner
----------------------------------
P. G. Lindner, Senior Vice President
and Chief Financial Officer
Attest:
ss/ P. J. Leighton
- --------------------------------------
P. J. Leighton, Vice President and
Corporate Secretary
All notices and correspondence concerning this statement should be addressed to:
P. J. Leighton
Vice President and Corporate Secretary
MidAmerican Energy Holdings Company
P.O. Box 657
Des Moines, IA 50303-0657
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<PAGE>
<TABLE>
EXHIBIT A
Page 1 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Consolidated MidAmerican Midwest
MidAmerican Energy MidAmerican MidAmerican Capital
Energy Holdings Holdings Energy Capital Group
Company Eliminations Company Company Company Inc.(b)
-------------- ------------ ----------- ----------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 1,649,341 $ (151) $ -- $ 1,554,235 $ -- $ 1,140
Operating Expenses 1,356,987 (151) -- 1,249,597 3,578 1,866
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) 292,354 -- -- 304,638 (3,578) (726)
----------- ----------- ---------- ----------- ---------- ----------
Other Income 11,660 (2,330) -- (4,074) 5,793 1,962
Income From Subsidiaries -- (136,103) 122,764 (6) 16,640 (3,295)
Fixed Charges 117,506 (2,330) -- 92,036 27,757 510
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes 186,508 (136,103) 122,764 208,522 (8,902) (2,569)
Income Tax Expense (Benefit) 66,803 -- -- 84,098 (9,530) (281)
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 119,705 (136,103) 122,764 124,424 628 (2,288)
Income (Loss) From Discontinued Operations (a) 3,059 -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ 122,764 $ (136,103) $ 122,764 $ 124,424 $ 628 $ (2,288)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of Intercoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 2 OF 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Dakota Dunes MWR Cimmred Cornhusker
Development Middlewood CBEC Capital Capital Railcar
Company Mall, Inc. Railway Inc. Company Service
----------- ----------- ----------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 3,198 $ 5,480 $ -- $ -- $ (1,397) $ 568
Operating Expenses 4,333 4,205 7 16 192 488
----------- ----------- ----------- ---------- ---------- ---------
Operating Income (Loss) (1,135) 1,275 (7) (16) (1,589) 80
----------- ----------- ----------- ---------- ---------- ---------
Other Income 82 (3,005) -- -- 39 --
Income From Subsidiaries -- -- -- -- -- --
Fixed Charges 1,849 2,223 -- 43 303 4
----------- ----------- ----------- ---------- ---------- ---------
Income Before Taxes (2,902) (3,953) (7) (59) (1,853) 76
Income Tax Expense (Benefit) (1,857) (1,703) (1) (177) (3,415) 31
----------- ----------- ----------- ---------- ---------- ---------
Income From Continuing Operations (1,045) (2,250) (6) 118 1,562 45
Income (Loss) From Discontinued Operations -- -- -- -- -- --
----------- ----------- ----------- ---------- ---------- ---------
Net Income $ (1,045) $ (2,250) $ (6) $ 118 $ 1,562 $ 45
=========== =========== =========== =========== =========== ========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of Intercoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 3 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Cimmred Cimmred MWR
Energy Leasing Investments UNITRAIN,
AmGas Inc. Company (b) Company Inc. (b) TTP, Inc. (b) Inc.
----------- ----------- ---------- ----------- ------------- ---------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 73,492 $ 330 $ 83 $ 873 $ -- $ 10,982
Operating Expenses 76,213 879 102 795 67 8,290
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (2,721) (549) (19) 78 (67) 2,692
----------- ----------- ---------- ----------- ---------- ----------
Other Income -- 1 -- 419 1,521 (72)
Income From Subsidiaries -- -- -- -- -- --
Fixed Charges -- -- -- -- -- 48
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes (2,721) (548) (19) 497 1,454 2,572
Income Tax Expense (Benefit) (1,156) (258) (73) 254 509 1,268
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations (1,565) (290) 54 243 945 1,304
Income (Loss) From Discontinued Operations (a) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ (1,565) $ (290) $ 54 $ 243 $ 945 $ 1,304
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 4 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast InterCoast
Ventures Power IWG
DCCO (a) IWG Co. 3 IWG Co. 4 Company Company Co. 8 (b)
----------- ----------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 1 $ 77 $ -- $ -- $ -- $ --
Operating Expenses 46 192 556 136 68 388
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (45) (115) (556) (136) (68) (388)
----------- ----------- ---------- ----------- ---------- ----------
Other Income 330 (6,058) -- (2,129) 124 (4,760)
Income From Subsidiaries -- -- -- -- -- --
Fixed Charges 18 -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes 267 (6,173) (556) (2,265) 56 (5,148)
Income Tax Expense (Benefit) 112 (2,488) (20) (875) 53 (2,138)
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 155 (3,685) (536) (1,390) 3 (3,010)
Income (Loss) From Discontinued Operations (a) 417 -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ 572 $ (3,685) $ (536) $ (1,390) $ 3 $ (3,010)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 5 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast InterCoast Iowa-
Gas Energy Illinois InterCoast InterCoast
Marketing Marketing and Ventures Investment Global
IWG Co. 9 Company Services Co.(b) Inc. Group(b) Management
----------- ----------- -------------- --------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ 9 $ -- $ -- $ --
Operating Expenses 55 37 97 43 643 134
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (55) (37) (88) (43) (643) (134)
----------- ----------- ---------- ----------- ---------- ----------
Other Income (1,058) 5,499 11 (47) 189 --
Income From Subsidiaries -- -- -- -- -- --
Fixed Charges -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes (1,113) 5,462 (77) (90) (454) (134)
Income Tax Expense (Benefit) (446) 2,141 (15) (36) (158) (47)
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations (667) 3,321 (62) (54) (296) (87)
Income (Loss) From Discontinued Operations (a) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ (667) $ 3,321 $ (62) $ (54) $ (296) $ (87)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 6 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATED STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast InterCoast Continental GED
Capital InterCoast Power Power Energy
Company Oil & Gas(f) Marketing Co. Exchange(f) Services(f)
----------- ----------- ---------- ----------- ----------
<S> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ 421 $ -- $ --
Operating Expenses 1,803 417 1,238 599 58
----------- ----------- ---------- ----------- ----------
Operating Income (Loss) (1,803) (417) (817) (599) (58)
----------- ----------- ---------- ----------- ----------
Other Income 19,223 -- -- -- --
Income From Subsidiaries -- -- -- -- --
Fixed Charges -- (4,955) -- -- --
----------- ----------- ---------- ----------- ----------
Income Before Taxes 17,420 4,538 (817) (599) (58)
Income Tax Expense (Benefit) 1,725 1,873 (318) (245) (24)
----------- ----------- ---------- ----------- ----------
Income From Continuing Operations 15,695 2,665 (499) (354) (34)
Income (Loss) From Discontinued Operations (a) -- 4,012 -- (1,396) 26
----------- ----------- ---------- ----------- ----------
Net Income $ 15,695 $ 6,677 $ (499) $ (1,750) $ (8)
=========== =========== ========== =========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
<PAGE>
<TABLE>
EXHIBIT A
Page 7 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Consolidated MidAmerican Midwest
MidAmerican Energy MidAmerican MidAmerican Capital
Energy Holdings Holdings Energy Capital Group
Company Eliminations Company Company Company Inc. (b)
-------------- ------------ ------------ ----------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 426,683 $ (529,787) $ 426,926 $ 387,107 $ 65,839 $ (25,917)
Net Income 122,764 (136,103) 122,764 124,424 628 (2,288)
Cash Dividends Declared 118,828 (118,828) 118,828 118,828 -- --
Noncash Dividends Declared -- (3,285) -- -- -- --
Other Deducts 30 (30) 30 30 -- --
----------- ----------- ---------- ----------- ---------- ----------
Retained Earnings, End of Year $ 430,589 $ (543,747) $ 430,832 $ 392,673 $ 66,467 $ (28,205)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 8 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Dakota Dunes MWR Cimmred Cornhusker
Development Middlewood CBEC Capital Capital Railcar
Company Mall, Inc Railway Inc. Company Service
------------ ------------ ----------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (5,335) $ (5,403) $ -- $ 5,166 $ 1,629 $ 1,273
Net Income (1,045) (2,250) (6) 118 1,562 45
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- 996 --
Other Deducts -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Retained Earnings, End of Year $ (6,380) $ (7,653) $ (6) $ 5,284 $ 2,195 $ 1,318
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 9 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
Cimmred Cimmred MWR
Energy Leasing Investments UNITRAIN,
AmGas Inc. Company (b) Company Inc. (b) TTP, Inc. (b) Inc.
------------- ------------ ---------- ------------ ------------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (986) $ (367) $ 4 $ (19,070) $ 1,241 $ 2,690
Net Income (1,565) (290) 54 243 945 1,304
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- 315 1,974 --
Other Deducts -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Retained Earnings, End of Year $ (2,551) $ (657) $ 58 $ (19,142) $ 212 $ 3,994
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 10 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast InterCoast
DCCO Ventures Power IWG Co.
Inc. (a) IWG Co. 3 IWG Co. 4 Company Company 8 (b)
---------- ----------- ----------- ------------ ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 2,773 $ 18,957 $ (2,634) $ (2,685) $ (555) $ (1,296)
Net Income 572 (3,685) (536) (1,390) 3 (3,010)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ---------
Retained Earnings, End of Year $ 3,345 $ 15,272 $ (3,170) $ (4,075) $ (552) $ (4,306)
=========== =========== ========== =========== ========== =========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 11 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast
InterCoast Energy Iowa-
Gas Marketing Illinois InterCoast InterCoast
Marketing and Services Ventures Investment Global
IWG Co. 9 Company Co. (b) Inc. Group (b) Management
------------ ----------- ------------ ------------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 5,582 $ 375 $ (65) $ -- $ -- $ --
Net Income (667) 3,321 (62) (54) (296) (87)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Retained Earnings, End of Year $ 4,915 $ 3,696 $ (127) $ (54) $ (296) $ (87)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 12 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast
InterCoast InterCoast InterCoast Power Continental
Capital InterCoast Sierra Oil & Marketing Power
Company Windriver Power Gas (f) Company Exchange(f)
------------ ----------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 84,518 $ (99) $ (25) $ 17,110 $ (252) $ (31)
Net Income 15,695 -- -- 6,677 (499) (1,750)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Retained Earnings, End of Year $ 100,213 $ (99) $ (25) $ 23,787 $ (751) $ (1,781)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 13 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
GED Energy
Services (f)
--------------
<S> <C>
Retained Earnings, Beginning of Year $ --
Net Income (8)
Cash Dividends Declared --
Noncash Dividends Declared --
Other Deducts --
---------------
Retained Earnings, End of Year $(8)
===============
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
<PAGE>
<TABLE>
EXHIBIT A
Page 14 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
Consolidated MidAmerican
MidAmerican Energy MidAmerican MidAmerican Midwest
Energy Holdings Holdings Energy Capital Capital
Company Eliminations Company Company Company Group (b)
------------- ------------ ---------- ----------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ 4,681,604 $ (3,003) $ -- $ 4,684,607 $ -- $ --
Less: Accumulated Utility Depreciation 2,027,055 (939) -- 2,027,994 -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Utility Plant 2,654,549 (2,064) -- 2,656,613 -- --
----------- ----------- ---------- ----------- ---------- ----------
Investment in Subsidiaries -- (1,598,932) 1,225,715 2,224 366,687 4,306
Other Property and Investments 646,456 (5,520) -- 96,503 28,838 15,265
Power Purchase Contract 212,148 -- -- 212,148 -- --
Investment in Discontinued Operations 174,694 4,326 -- 16,560 136,132 --
Current Assets 364,706 (39,793) -- 308,424 5,588 45,155
Other Assets 414,938 (2,000) -- 411,889 2,128 2,012
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 4,467,491 $(1,643,983) $1,225,715 $ 3,704,361 $ 539,373 $ 66,738
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 1,225,715 $(1,599,176) $1,225,715 $ 956,871 $ 218,787 $ 50,301
Preferred Shares, not subject to
mandatory redemption 89,945 -- -- 89,945 -- --
Preferred Shares, subject to
mandatory redemption 50,000 -- -- 50,000 -- --
Long-Term Debt (excluding current portion) 1,403,322 (8,613) -- 1,109,298 295,000 7,056
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 2,768,982 (1,607,789) 1,225,715 2,206,114 513,787 57,357
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract 112,700 -- -- 112,700 -- --
Current Liabilities 543,979 (40,370) -- 457,689 45,215 10,201
Other Liabilities 1,041,830 4,176 -- 927,858 (19,629) (820)
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 4,467,491 $(1,643,983) $1,225,715 $ 3,704,361 $ 539,373 $ 66,738
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 15 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
Dakota Dunes MWR Cimmred Cornhusker
Development Middlewood CBEC Capital Capital Railcar
Company Mall, Inc. Railway Inc. Company Service
------------ ----------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments 42,140 16,630 2,487 23,037 28 1,017
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- -- --
Current Assets 1,257 1,916 (254) 2,454 9,445 2,510
Other Assets 425 11 -- -- -- 316
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 43,822 $ 18,557 $ 2,233 $ 25,491 $ 9,473 $ 3,843
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 11,815 $ (7,509) $ 2,224 $ 1,578 $ 6,065 $ 2,727
Preferred Shares, not subject to
mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- 581
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 11,815 (7,509) 2,224 1,578 6,065 3,308
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 30,195 27,304 9 (710) 480 518
Other Liabilities 1,812 (1,238) -- 24,623 2,928 17
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 43,822 $ 18,557 $ 2,233 $ 25,491 $ 9,473 $ 3,843
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 16 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
Cimmred Cimmred MWR
Energy Leasing Investments UNITRAIN,
AmGas Inc. Company (b) Company Inc. (b) TTP, Inc. (b) Inc.
---------- ----------- ---------- ----------- ------------ ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- --
Net Utility Plant -- -- -- -- --
Investment in Subsidiaries -- -- -- -- --
Other Property and Investments 5,466 79 31,013 23,395 3,156 9,199
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- -- --
Current Assets 10,717 268 308 (1,465) (23) 911
Other Assets 31 67 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 16,214 $ 414 $ 31,321 $ 21,930 $ 3,133 $ 10,110
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 4,251 $ 343 $ 59 $ 19,804 $ 1,582 $ 5,943
Preferred Shares, not subject to
mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 4,251 343 59 19,804 1,582 5,943
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 12,208 71 29 (166) 23 110
Other Liabilities (245) -- 31,233 2,292 1,528 4,057
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 16,214 $ 414 $ 31,321 $ 21,930 $ 3,133 $ 10,110
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 17 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(In thousands)
<CAPTION>
InterCoast InterCoast
DCCO Ventures Power IWG
Inc. (a) IWG Co. 3 IWG Co. 4 Company Company Co. 8 (b)
----------- ------------ ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments -- 50,474 2,321 177 1,386 10,633
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations (4,326) -- -- -- -- --
Current Assets 12,295 11,551 11,575 (3,754) (985) (17,471)
Other Assets -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 7,969 $ 62,025 $ 13,896 $ (3,577) $ 401 $ (6,838)
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 8,148 $ 15,273 $ (3,168) $ (4,073) $ (552) $ (4,305)
Preferred Shares, not subject to
mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 8,148 15,273 (3,168) (4,073) (552) (4,305)
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities (179) -- -- 5 -- 1,046
Other Liabilities -- 46,752 17,064 491 953 (3,579)
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 7,969 $ 62,025 $ 13,896 $ (3,577) $ 401 $ (6,838)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 18 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast
InterCoast Energy Iowa-
Gas Marketing Illinois, InterCoast InterCoast
Marketing and Ventures, Investment Global
IWG Co. 9 Company Services Co. (b) Inc. Group (b) Management
----------- ---------- ---------------- ------------ ----------- ----------
<S> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments 8,304 288 -- -- 2,703 --
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- -- --
Current Assets (3,599) 3,388 (159) (54) (363) (86)
Other Assets -- -- 1 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 4,705 $ 3,676 $ (158) $ (54) $ 2,340 $ (86)
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 4,916 $ 3,697 $ (126) $ (54) $ 2,353 $ (86)
Preferred Shares, not subject to
mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 4,916 3,697 (126) (54) 2,353 (86)
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities -- -- -- -- -- --
Other Liabilities (211) (21) (32) -- (13) --
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 4,705 $ 3,676 $ (158) $ (54) $ 2,340 $ (86)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 19 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
InterCoast InterCoast InterCoast InterCoast Continental
Capital InterCoast Sierra Oil & Power Power
Company Windriver Power Gas (f) Marketing Co. Exchange(f)
------------ ------------ ----------- ------------ ------------- -----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments 277,295 -- -- -- 142 --
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- 23,790 -- (1,780)
Current Assets 5,874 (100) (41) -- (783) --
Other Assets 41 -- -- -- 17 --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 283,210 $ (100) $ (41) $ 23,790 $ (624) $ (1,780)
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 281,184 $ (99) $ (24) $ 23,790 $ (751) $ (1,780)
Preferred Shares, not subject to
mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 281,184 (99) (24) 23,790 (751) (1,780)
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 174 -- -- -- 127 --
Other Liabilities 1,852 (1) (17) -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 283,210 $ (100) $ (41) $ 23,790 $ (624) $ (1,780)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
(CONTINUED)
<PAGE>
<TABLE>
EXHIBIT A
Page 20 of 20
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1995
(in thousands)
<CAPTION>
GED Energy
Services(f)
----------
<S> <C>
Gross Utility Plant $ --
Less: Accumulated Utility Depreciation --
Net Utility Plant --
Investment in Subsidiaries --
Other Property and Investments --
Power Purchase Contract --
Investment in Discontinued Operations (8)
Current Assets --
Other Assets --
----------
Total Assets $(8)
==========
Common Shareholders' Equity (8)
Preferred Shares, not subject to
mandatory redemption --
Preferred Shares, subject to
mandatory redemption --
Long-Term Debt (excluding current portion) --
----------
Total Capitalization (8)
----------
Power Purchase Contract --
Current Liabilities --
Other Liabilities --
----------
Total Liabilities and Capitalization $(8)
==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994.
(b) ENEREX Inc. is accounted for in Cimmred Energy Company; Capital Center II
Limited Partnership and Capital Center III Limited Partnership are
accounted for in Midwest Capital Group, Inc.; Edge Technologies, Inc.,
Utech Venture Capital Corporation, and McLeod Inc. are accounted for in MWR
Investments, Inc.; Founders Trust Company is accounted for in InterCoast
Investment Group, Inc.; Synergics, Inc. is accounted for under IWG Co. 8.;
Tenaska III Texas Partners is accounted for in TPP, Inc.; Medallion
California Properties Company and InterCoast Gas Services (OK) are
accounted for under InterCoast Oil & Gas Co.; Terra Blue Company is
accounted for in InterCoast Energy Marketing & Services; Mycotech is
accounted for under MidAmerican Capital Company.
(c) There was no activity for InterCoast Trade & Resources in 1995, however,
there was in 1996.
(d) InterCoast Gas Services (DE) was formed in 1996.
(e) During the second quarter of 1996, InterCoast Energy Company changed its
name to MidAmerican Capital Company. In addition, a new subsidiary was
formed under MidAmerican Capital Company, named InterCoast Energy Company.
(f) Operations of InterCoast Oil and Gas Co., Continental Power Exchange, and
GED Energy Services were discontinued in September 1996.
<PAGE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from the
Consolidating Income Statement and Consolidating Retained Earnings Statement
for the year ended December 31, 1995, and the Consolidating Balance Sheet as
of December 31, 1995, included in this Form U-3A-2, and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-Mos
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,467,491
<TOTAL-OPERATING-REVENUES> 1,649,341
<NET-INCOME> 122,764
</TABLE>
