<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from the
consolidating balance sheet of MidAmerican Energy Holdings Company as of
December 31, 1996, and the related consolidating statements of income for
the twelve months ended December 31, 1996 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-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 4,559,283
<TOTAL-OPERATING-REVENUES> 1,872,612
<NET-INCOME> 131,046
</TABLE>
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.
MidAmerican Energy Financing I - Organized as a statutory business
trust holding MidAmerican 7.98% Series A Debentures due 2045.
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
AmGasInc. - 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.
-1-
<PAGE>
MidAmerican Capital Company (continued)
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 Company - Organized to market nonregulated
electric energy, and produce and market oil and gas.
Incorporated in Delaware. Headquartered in Des Moines, Iowa.
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
nonregulated oil and gas. Incorporated in Delaware.
Headquartered in Dallas, Texas.
*InterCoast Gas Services Company (OK) - Organized to market
nonregulated oil and gas. Incorporated in Oklahoma.
Headquartered in Des Moines, Iowa.
InterCoast Global Management Inc. - Organized to manage
securities investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
InterCoast Investment Group, Inc. - Organized to invest in and/or
manage securities investments. Incorporated in Delaware.
Headquartered in Des Moines, Iowa.
*InterCoast Oil and Gas Company - Organized to explore, acquire
and develop gas and oil interests. Incorporated in Delaware.
Headquartered in Tulsa, Oklahoma.
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.
-2-
<PAGE>
MidAmerican Capital Company (continued)
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.
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 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.
b. Less than 100% but Greater than 10% Owned by MidAmerican
Capital Company
Diversified Electronics, Ltd. - Organized to provide home
security services. Incorporated in Iowa. Headquartered 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.
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.
-3-
<PAGE>
Midwest Capital Group Inc. (continued)
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.
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,
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.
Terra Blue Company - Incorporated in Delaware. Headquartered in
Omaha, Nebraska.
MidAmerican Energy Financing II - Organized as a statutory business
trust.
* Subsidiaries were sold in January 1997, to KCS Energy, Inc.
-4-
<PAGE>
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 three principal business
units: electric generation, marketing, and energy delivery. The
Company is primarily engaged in the business of generating,
transmitting, distributing and selling electric energy and
distributing, selling and transporting natural gas. The energy
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 642,000 customers in Iowa, Illinois, and South Dakota and
natural gas service to 610,000 customers in Iowa, Illinois, South
Dakota, and Nebraska.
i. ELECTRIC OPERATIONS:
MidAmerican's transmission lines, operating from 34,500 to 345,000
volts, totalled 4,239 circuit miles at December 31, 1996 (3,948
miles are located in Iowa). MidAmerican owned 278 distribution
substations (244 are located in Iowa) and 54 transmission
substations (49 in Iowa) at December 31, 1996.
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 interconnections 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;
-5-
<PAGE>
12. 161 kv interconnection near Galesburg, Illinois, with
Illinois Power Company; and
13. 161 kv interconnection near Camanche, Iowa, with Interstate
Power Company.
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, 1996 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 1996 accreditation.
<TABLE>
<CAPTION>
Accredited
Percent Generating
Plant Ownership Fuel Capability (MW)
- ----------------------------------------- --------- ------ ---------------
<S> <C> <C> <C>
Steam Electric Generating Plants:
Iowa
George Neal Station
Unit No. 1 100.0 Coal 135
Unit No. 2 100.0 Coal 300
Unit No. 3 (jointly owned) 72.0 Coal 371
Unit No. 4 (jointly owned) 41.0 Coal 253
Ottumwa Unit (jointly owned) 52.0 Coal 372
Louisa Unit (jointly owned) 88.0 Coal 616
Council Bluffs Energy Center
Unit No. 1 100.0 Coal 46
Unit No. 2 100.0 Coal 88
Unit No. 3 (jointly owned) 79.0 Coal 534
Riverside Station
Unit No. 3 100.0 Coal 5
Unit No. 5 100.0 Coal 130
Total Steam Electric Generating Units 2,850
</TABLE>
-6-
<PAGE>
<TABLE>
<CAPTION>
Accredited
Percent Generating
Plant Ownership Fuel Capability (MW)
- ----------------------------------------- --------- ------ ---------------
<S> <C> <C> <C>
Combustion Turbines:
Iowa
Parr-2 units 100.0 Gas or Oil 31
Electrifarm-3 units 100.0 Gas or Oil 185
River Hills Energy Center-8 units 100.0 Gas or Oil 116
Sycamore Energy Center-2 units 100.0 Gas or Oil 149
Pleasant Hill-3 units 100.0 Oil 148
Coralville-1 unit 100.0 Gas or Oil 64
Illinois
Moline-4 units 100.0 Gas or Oil 64
Total Combustion Turbine 757
Nuclear:
Illinois
Quad-Cities Station
Unit No. 1 (jointly owned) 25.0 Nuclear 192
Unit No. 2 (jointly owned) 25.0 Nuclear 193
Nebraska
Cooper Station (Note 1) 50.0 Nuclear 387
Total Nuclear 772
Hydro:
Illinois
Moline - 4 units 100.0 Water 3
Total Hydro 3
Net Accredited Generating Capability 4,382
Participation Purchases and Sales, Net (81)
Total Net Accredited Generating Capability 4,301
Firm Purchases and Sales, Net (120)
Adjusted Net Accredited Generating Capability 4,181
</TABLE>
(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.
-7-
<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 18,732 miles of distribution
mains and services of which 14,636 miles are located in Iowa,
2,000 miles in Illinois, 1,954 miles in South Dakota and 142 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 four propane-air gas peak shaving plants of which three are
located in Iowa and one in South Dakota, with a total maximum
daily delivery capacity of 78,940 MMBtu.
3. The following information, along with additional data, provides the
electric and natural gas data for MidAmerican for the year ended December
31, 1996.
a. (1) Number of kWh of electric energy sold (at retail or wholesale):
Retail 15,272,837,000
Sales for Resale 6,727,326,000
(2) Number of MMBtu of natural gas distributed
(at retail): 100,985,000
b. (1) Number of kWh of electric energy distributed at retail outside of
the state of incorporation:
South Dakota 102,282,000
Illinois 1,625,031,000
(2) Number of MMBtu of natural gas distributed at retail outside of
the state of incorporation:
Illinois 11,042,000
South Dakota 10,343,000
Nebraska 673,000
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: 5,309,249,000.
-8-
<PAGE>
(2) Number of MMBtu of natural gas sold at wholesale outside of the
state of incorporation, or at the state line: None
d. (1) Number of kWh of electric energy purchased outside of the state
of incorporation, or at the state line:
Nebraska 3,815,918,000
Minnesota 283,798,000
South Dakota 240,282,000
North Dakota 236,606,000
Illinois 227,743,000
Missouri 81,141,000
Texas 73,985,000
Wisconsin 27,494,000
Kentucky 23,142,000
Other states 30,507,000
(2) Number of MMBtu of natural gas purchased outside of the state of
incorporation, or at the state line:
Texas 29,406,000
Minnesota 19,227,000
Kansas 13,603,000
Louisiana 6,246,000
New Mexico 1,951,000
Oklahoma 415,000
Illinois 73,000
e. Additional Data:
<TABLE>
<CAPTION>
(1) Electric operating revenues (000):
<S> <C> <C>
Iowa 87.3% $ 959,293
Outside of Iowa 12.7% $ 139,715
Total 100.0% $1,099,008
</TABLE>
<TABLE>
<CAPTION>
(2) Natural gas operating revenues (000):
<S> <C> <C>
Iowa 78.9% $423,338
Outside of Iowa 21.1% $113,415
Total 100.0% $536,753
</TABLE>
<TABLE>
<CAPTION>
(3) Total average electric customers:
<S> <C> <C>
Iowa 86.4% 551,541
Outside of Iowa 13.6% 86,481
Total 100.0% 638,022
</TABLE>
-9-
<PAGE>
<TABLE>
<CAPTION>
(4) Total average natural gas customers:
<S> <C> <C>
Iowa 78.6% 474,735
Outside of Iowa 21.4% 129,231
Total 100.0% 603,966
</TABLE>
<TABLE>
<CAPTION>
(5) Net utility plant- electric (000)
<S> <C> <C>
Iowa 88.3% $1,923,107
Outside of Iowa 11.7% $254,585
Total 100.0% $2,177,692
</TABLE>
<TABLE>
<CAPTION>
(6) Net utility plant- gas (000):
<S> <C> <C>
Iowa 80.1% $362,596
Outside of Iowa 19.9% $ 90,297
Total 100.0% $452,893
</TABLE>
4. The following information for the reporting period with respect to claimant
and each interest it holds directly or indirectly in an EWG or a foreign
utility company.
a. Name, Location, business address and description of the facilities used
by the EWG or foreign utility company: None
b. Name of each system company that holds an interest in such EWG or
foreign utility company: None
c. Type and amount of capital invested, directly or indirectly, or any
direct or indirect guarantee of the security of the EWG or foreign
utility company by the holding company claiming exemption; and any
debt or other financial obligation for which there is recourse,
directly or indirectly, to the holding company claiming exemption or
another system company, other than the EWG or foreign utility company:
None
d. Capitalization and earnings of the EWG or foreign utility company
during the reporting period: None
e. Identify any service, sales or construction contracts between the EWG
or foreign utility company and a system company: None
-10-
<PAGE>
Exhibit A
Exhibit A, pages 1 through 27 (see attached), shows consolidating
statements of income and retained earnings of the claimant and its subsidiary
companies for the year ended December 31, 1996, together with consolidating
balance sheets of the claimant and its subsidiary companies as of December 31,
1996.
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 28th day of February, 1997.
MidAmerican Energy Holdings Company
By
------------------------------------
P. G. Lindner, Senior Vice President
and Chief Financial Officer
Attest:
- ------------------------------------
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
-11-
<PAGE>
EXHIBIT A
Page 1 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated Consolidated Consolidated Consolidated
MidAmerican MidAmerican MidAmerican Midwest MidAmerican
Energy Energy Energy Capital Capital
Holdings Holdings Company Group Inc. Company
Company Eliminations Company (page 2) (page 3) (pages 4-9)
----------- ------------ ----------- ------------ ------------ ------------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 1,872,612 $ -- $ -- $ 1,635,761 $ 10,404 $ 226,447
Operating Expenses 1,528,974 -- -- 1,275,348 10,620 243,006
----------- ----------- ----------- ----------- ----------- -----------
Operating Income (Loss) 343,638 -- -- 360,413 (216) (16,559)
----------- ----------- ----------- ----------- ----------- -----------
Other Income (Expense) 18,872 -- -- 3,998 2,298 12,576
Income (Loss) From Subsidiaries -- (130,904) 130,904 -- --
Fixed Charges 120,327 (292) -- 96,753 1,985 21,881
----------- ----------- ----------- ----------- ----------- -----------
Income Before Taxes 242,183 (130,612) 130,904 267,658 97 (25,864)
Income Tax Expense (Benefit) 98,422 150 -- 112,927 (93) (14,562)
----------- ----------- ----------- ----------- ----------- -----------
Income From Continuing Operations 143,761 (130,762) 130,904 154,731 190 (11,302)
Income(Loss) From Discontinued
Operations (a) (12,715) 6,869 -- (10,161) -- (9,423)
----------- ----------- ----------- ----------- ----------- -----------
Net Income $ 131,046 $ (123,893) $ 130,904 $ 144,570 $ 190 $ (20,725)
=========== =========== =========== =========== =========== ===========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-12-
<PAGE>
EXHIBIT A
Page 2 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company Railway Financing
----------- ------------ ----------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Operating Revenues $ 1,635,761 $ -- $ 1,635,761 $ -- $ --
Operating Expenses 1,275,348 -- 1,275,348 -- --
----------- ---------- ----------- ---------- ----------
Operating Income (Loss) 360,413 -- 360,413 -- --
----------- ---------- ----------- ---------- ----------
Other Income (Expense) 3,998 (297) 3,998 -- 297
Income (Loss) From Subsidiaries -- (9) 9 -- --
Fixed Charges 96,753 (297) 96,762 -- 288
----------- ---------- ----------- ---------- ----------
Income Before Taxes 267,658 (9) 267,658 -- 9
Income Tax Expense (Benefit) 112,927 -- 112,927 -- --
----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 154,731 (9) 154,731 -- 9
Income (Loss) From Discontinued Operations (a) (10,161) -- (10,161) -- --
----------- ---------- ----------- ---------- ----------
Net Income $ 144,570 $ (9) $ 144,570 $ -- $ 9
=========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-13-
<PAGE>
EXHIBIT A
Page 3 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated Midwest Dakota
Midwest Capital Dunes
Capital Group Development Middlewood
Group Inc. Eliminations Inc. (b) Company Mall, Inc.
------------ ------------ ------------ ----------- ----------
<S> <C> <C> <C> <C> <C>
Operating Revenues $ 10,404 $ (33) $ 940 $ 5,599 $ 3,898
Operating Expenses 10,620 (33) 1,684 5,962 3,007
----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (216) -- (744) (363) 891
----------- ---------- ----------- ---------- ----------
Other Income (Expense) 2,298 (1,683) 1,913 209 1,859
Income (Loss) From Subsidiaries -- 109 (109) -- --
Fixed Charges 1,985 (1,683) 205 1,802 1,661
----------- ---------- ----------- ---------- ----------
Income Before Taxes 97 109 855 (1,956) 1,089
Income Tax Expense (Benefit) (93) -- 665 (893) 135
----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 190 109 190 (1,063) 954
Income (Loss) From Discontinued Operations (a) -- -- -- -- --
----------- ---------- ----------- ---------- ----------
Net Income $ 190 $ 109 $ 190 $ (1,063) $ 954
=========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-14-
<PAGE>
EXHIBIT A
Page 4 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican
Capital Capital InterCoast
Company Eliminations Company (b) Capital Co. IWG Co. 3 IWG Co. 4
------------ ------------ ----------- ----------- ---------- -----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ 226,447 $ -- $ -- $ -- $ -- $ --
Operating Expenses 243,006 -- 3,116 1,589 52 553
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (16,559) -- (3,116) (1,589) (52) (553)
----------- ----------- ---------- ----------- ---------- ----------
Other Income 12,576 -- 413 18,826 692 --
Income From Subsidiaries -- 4,615 (4,615) -- -- --
Fixed Charges 21,881 -- 23,816 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes (25,864) 4,615 (31,134) 17,237 640 (553)
Income Tax Expense (Benefit) (14,562) -- (12,088) 1,872 (556) (49)
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations (11,302) 4,615 (19,046) 15,365 1,196 (504)
Income (Loss) From Discontinued
Operations (a)(d (9,423) -- (1,679) -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ (20,725) $ 4,615 $ (20,725) $ 15,365 $ 1,196 $ (504)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-15-
<PAGE>
EXHIBIT A
Page 5 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
InterCoast
InterCoast InterCoast Gas
Ventures Power Marketing InterCoast
Company Company IWG Co.8(b) IWG Co. 9 Company Windriver
----------- ----------- ----------- ----------- ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ -- $ -- $ -- $ --
Operating Expenses 133 132 264 116 -- --
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (133) (132) (264) (116) -- --
----------- ----------- ---------- ----------- ---------- ----------
Other Income (Expense) 43 (5,188) (5,026) 971 -- --
Income (Loss) From Subsidiaries -- -- -- -- -- --
Fixed Charges -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes (90) (5,320) (5,290) 855 -- --
Income Tax Expense (Benefit) (55) (39) (2,142) 174 134 1
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations (35) (5,281) (3,148) 681 (134) (1)
Income (Loss) From Discontinued
Operations (a) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ (35) $ (5,281) $ (3,148) $ 681 $ (134) $ (1)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-16-
<PAGE>
EXHIBIT A
Page 6 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
InterCoast
GED & Energy
InterCoast Marketing & InterCoast Continental Iowa-
Oil & InterCoast Services Power Power Illinois
Gas (b)(d) Sierra Pwr Co. (b) Marketing Exch. (d) Ventures
----------- ----------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ -- $ 4,503 $ -- $ --
Operating Expenses 688 -- 1 5,159 314 --
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) (688) -- (1) (656) (314) --
----------- ----------- ---------- ----------- ---------- ----------
Other Income (Expense) -- -- -- -- -- --
Income (Loss) From Subsidiaries -- -- -- -- -- --
Fixed Charges (4,527) -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes 3,839 -- (1) (656) (314) --
Income Tax Expense (Benefit) (23,557) -- (6) (261) 2,165 (2)
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 27,396 -- 5 (395) (2,479) 2
Income (Loss) From Discontinued
Operations (a) (14,145) -- -- -- (1,368) --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ 13,251 $ -- $ 5 $ (395) $ (3,847) $ 2
=========== =========== ========== =========== ========== ==========
</TABLE>
((a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-17-
<PAGE>
EXHIBIT A
Page 7 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
InterCoast InterCoast InterCoast Diversified Cimmred
Investment Global Trade and Electronics Capital
Group (b) Management Resources Ltd. Amgas Inc. Company
----------- ----------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ 68,523 $ 729 $ 105,894 $ --
Operating Expenses 960 95 70,307 700 110,522 119
----------- ----------- ----------- ----------- ---------- ----------
Operating Income (Loss) (960) (95) (1,784) 29 (4,628) (119)
----------- ----------- ---------- ----------- ---------- ----------
Other Income (Expense) (229) -- -- -- -- 27
Income (Loss) From Subsidiaries -- -- -- -- -- --
Fixed Charges -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes (1,189) (95) (1,784) 29 (4,628) (92)
Income Tax Expense (Benefit) (417) 582 (723) 12 (1,809) 137
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations (772) (677) (1,061) 17 (2,819) (229)
Income (Loss) From Discontinued
Operations (a) -- 1,993 -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ (772) $ 1,316 $ (1,061) $ 17 $ (2,819) (229)
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-18-
<PAGE>
EXHIBIT A
Page 8 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Cimmred Cimmred MWR
Energy Leasing DCCO MWR Investments TTP,
Company (b) Company Inc. (a) Capital Inc. Inc. (b) Inc.(b)
----------- ----------- ---------- ------------ ----------- ----------
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $ -- $ -- $ -- $ -- $ -- $ --
Operating Expenses -- 118 149 120 120 198
----------- ----------- ---------- ----------- ---------- ----------
Operating Income (Loss) -- (118) (149) (120) (120) (198)
----------- ----------- ---------- ----------- ---------- ----------
Other Income (Expense) -- 43 49 83 258 1,505
Income (Loss) From Subsidiaries -- -- -- -- -- --
Fixed Charges -- -- 41 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Income Before Taxes -- (75) (141) (37) 138 1,307
Income Tax Expense (Benefit) (29) (249) 103 (299) 333 488
----------- ----------- ---------- ----------- ---------- ----------
Income From Continuing Operations 29 174 (244) 262 (195) 819
Income (Loss) From Discontinued
Operations (a) -- -- 914 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Income $ 29 $ 174 $ 670 $ 262 $ (195) $ 819
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-19-
<PAGE>
EXHIBIT A
Page 9 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF INCOME
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Cornhusker InterCoast InterCoast
UNITRAIN Railcar Gas Energy
Inc. Service Services Co. (c)
---------- ---------- ---------- -----------
<S> <C> <C> <C> <C>
Operating Revenues $ 5,349 $ 6,101 $ 35,348 $ --
Operating Expenses 3,185 6,103 35,619 2,574
---------- ---------- ---------- ----------
Operating Income (Loss) 2,164 (2) (271) (2,574)
---------- ---------- ---------- ----------
Other Income (Expense) -- -- -- 109
Income (Loss) From Subsidiaries -- -- -- --
Fixed Charges -- 21 -- 2,530
---------- ---------- ---------- ----------
Income Before Taxes 2,164 (23) (271) (4,995)
Income Tax Expense (Benefit) 896 76 (95) 20,841
---------- ---------- ---------- ----------
Income From Continuing Operations 1,268 (99) (176) (25,836)
Income (Loss) From Discontinued Operations (a) -- -- -- 4,862
---------- ---------- ---------- ----------
Net Income $ 1,268 $ (99) $ (176) $ (20,974)
========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-20-
<PAGE>
EXHIBIT A
Page 10 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated Consolidated Consolidated
Consolidated MidAmerican MidAmerican Midwest MidAmerican
MidAmerican Energy Energy Capital Capital
Energy Holdings Holdings Company Group Inc. Company
Company Eliminations Company (page 11) (page 12) (pages 13-18)
--------------- ------------ ----------- ------------ ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 430,589 $ (468,986) $ 430,832 $ 430,583 $ (28,307) $ 66,467
Net Income 131,046 (123,893) 130,904 144,570 190 (20,725)
Cash Dividends Declared 120,770 (120,770) 120,770 120,770 -- --
Noncash Dividends Declared -- (31,143) -- 31,143 -- --
Other Deducts (106) (202) -- (6) (89) 191
-------------- ----------- ----------- ----------- ------------ -----------
Retained Earnings, End of Year $ 440,971 $ (440,764) $ 440,966 $ 423,246 $ (28,028) $ 45,551
============== =========== =========== =========== ============ ===========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-21-
<PAGE>
EXHIBIT A
Page 11 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company Railway Financing
------------ ------------ ----------- ---------- -----------
<S> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 430,583 $ -- $ 430,589 $ (6) $ --
Net Income 144,570 (9) 144,570 -- 9
Cash Dividends Declared 120,770 (9) 120,770 -- 9
Noncash Dividends Declared 31,143 -- 31,143 -- --
Other Deducts (6) -- -- (6) --
---------- ----------- ---------- ---------- -----------
Retained Earnings, End of Year $ 423,246 $ -- $ 423,246 $ -- $ --
========== =========== ========== ========== ===========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-22-
<PAGE>
EXHIBIT A
Page 12 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated
Midwest Midwest Dakota Dunes
Capital Capital Group Development Middlewood
Group Inc. Eliminations Inc. (b) Company Mall, Inc.
---------- ------------ ------------- ------------- -----------
<S> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (28,307) $ 13,931 $ (28,205) $ (6,380) $ (7,653)
Net Income 190 109 190 (1,063) 954
Cash Dividends Declared -- -- -- -- --
Noncash Dividends Declared -- (448) -- -- 448
Other Deducts (89) (89) -- -- --
---------- ---------- ---------- ---------- ----------
Retained Earnings, End of Year $ (28,028) $ 14,577 $ (28,015) $ (7,443) $ (7,147)
========== ========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-23-
<PAGE>
EXHIBIT A
Page 13 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican
Capital Capital InterCoast
Company Eliminations Company (b) Capital Co. IWG Co. 3 IWG Co. 4
----------- ------------ ------------ ----------- --------- -----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 66,467 $ (126,608) $ 66,467 $ 100,213 $ 15,272 $ (3,170)
Net Income (20,725) 4,615 (20,725) 15,365 1,196 (504)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts 191 886 191 -- -- --
----------- ------------ ------------ ----------- --------- ----------
Retained Earnings, End of Year $ 45,551 $ (122,879) $ 45,551 $ 115,578 $ 16,468 $ (3,674)
=========== ============ ============ =========== ========= ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-24-
<PAGE>
EXHIBIT A
Page 14 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
InterCoast InterCoast InterCoast
Ventures Power Gas Marketing InterCoast
Company Company IWG Co. 8 (b) IWG Co. 9 Company Windriver
---------- ---------- ------------- --------- ------------- ----------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (4,075) $ (552) $ (4,306) $ 4,915 $ 3,696 $ (99)
Net Income (35) (5,281) (3,148) 681 (134) (1)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- -- -- --
--------- --------- ------------ --------- ----------- ---------
Retained Earnings, End of Year $ (4,110) $ (5,833) $ (7,454) $ 5,596 $ 3,562 $ (100)
========= ========= ============ ========= =========== =========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-25-
<PAGE>
EXHIBIT A
Page 15 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
GED & InterCoast
InterCoast InterCoast Energy InterCoast Continental Iowa
Oil & Sierra Marketing and Power Power Illinois
Gas (a)(b) Power Services Co. Marketing Exch. (a) Ventures
---------- ---------- ------------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 23,779 $ (25) $ (127) $ (751) $ (1,781) $ (54)
Net Income 13,251 -- 5 (395) (3,847) 2
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- -- -- --
--------- --------- ------------ ----------- ---------- --------
Retained Earnings, End of Year $ 37,030 $ (25) $ (122) $ (1,146) $ (5,628) $ (52)
========= ========= ============ ========== ========== ========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-26-
<PAGE>
EXHIBIT A
Page 16 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
InterCoast InterCoast InterCoast Diversified Cimmred
Investment Global Trade & Electronics Capital
Group (b) Management Resouces Ltd. Amgas Inc. Company
----------- ---------- ---------- ----------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (296) $ (87) $ -- $ -- $ (2,551) $ 2,195
Net Income (772) 1,316 (1,061) 17 (2,819) (229)
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- -- (1,077) -- --
---------- ---------- ---------- ---------- -------- --------
Retained Earnings, End of Year $ (1,068) $ 1,229 $ (1,061) $ 1,094 $ (5,370) $ 1,966
========== ========== ========== ========== ========= ========
</TABLE>
((a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-27-
<PAGE>
EXHIBIT A
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Cimmred Cimmred MWR MWR
Energy Leasing DCCO Capital Investments TTP,
Company Company Inc. (a) Inc. Inc. (b) Inc. (b)
-------- ------- -------- ------- ----------- --------
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ (657) $ 58 $ 3,345 $ 5,284 $ (19,142) $ 212
Net Income 29 174 670 262 (195) 819
Cash Dividends Declared -- -- -- -- -- --
Noncash Dividends Declared -- -- -- -- -- --
Other Deducts -- -- 191 -- -- --
------- ------- -------- ------- ---------- --------
Retained Earnings, End of Year $ (628) $ 232 $ 3,824 $ 5,546 $ (19,337) $ 1,031
======= ======= ======== ======= ========== ========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-28-
<PAGE>
EXHIBIT A
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING STATEMENTS OF RETAINED EARNINGS
FORM U-3A-2
FOR THE YEAR ENDED DECEMBER 31, 1996
(in thousands)
Cornhusker InterCoast InterCoast
UNITRAIN Railcar Gas Energy
Inc. Service Services Co. (c)
-------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Retained Earnings, Beginning of Year $ 3,994 $ 1,318 $ -- $ --
Net Income 1,268 (99) (176) (20,974)
Cash Dividends Declared -- -- -- --
Noncash Dividends Declared -- -- -- --
Other Deducts -- -- -- --
------- -------- --------- --------
Retained Earnings, End of Year $ 5,262 $ 1,219 $ (176) $(20,974)
======= ======== ========= ========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
-29-
<PAGE>
Exhibit A
Page 19 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Consolidated Consolidated Consolidated Consolidated
MidAmerican MidAmerican MidAmerican Midwest MidAmerican
Energy Energy Energy Capital Capital
Holdings Holdings Company Group Inc. Company
Company Eliminations Company (page 20) (page 21) (pages 22-27)
----------- ------------ ------------ ----------- ----------- ------------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ 4,783,643 $ (3,004) $ -- $ 4,786,647 $ -- $ --
Less: Accumulated Utility Depreciation 2,153,058 (1,447) -- 2,154,505 -- --
----------- ----------- ---------- ----------- ---------- ----------
Net Utility Plant 2,630,585 (1,557) -- 2,632,142 -- --
----------- ----------- ---------- ----------- ---------- ----------
Investment in Subsidiaries -- (1,239,095) 1,239,095 -- --
Other Property and Investments 628,791 (5,016) -- 118,344 51,335 464,128
Power Purchase Contract 190,897 -- -- 190,897 -- --
Investment in Discontinued Operations 196,356 -- -- -- -- 196,356
Current Assets 513,239 (4,942) 910 436,799 10,656 69,816
Other Assets 399,415 -- 875 396,471 158 1,911
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 4,559,283 $(1,250,610) $1,240,880 $ 3,774,653 $ 62,149 $ 732,211
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 1,239,946 $(1,239,095) $1,239,941 $ 986,825 $ 53,434 $ 198,841
Preferred Shares, not subject
to mandatory redemption 31,769 -- -- 31,769 -- --
Preferred Shares, subject
to mandatory redemption (d) 150,000 -- -- 150,000 -- --
Long-Term Debt (excluding current portion) 1,395,103 (6,573) -- 1,086,955 5,016 309,705
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 2,816,818 (1,245,668) 1,239,941 2,255,549 58,450 508,546
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract 97,504 -- -- 97,504 -- --
Current Liabilities 566,108 (4,942) 939 478,987 397 90,727
Other Liabilities 1,078,853 -- -- 942,613 3,302 132,938
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 4,559,283 $(1,250,610) $1,240,880 $ 3,774,653 $ 62,149 $ 732,211
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-30-
<PAGE>
EXHIBIT A
Page 20 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican MidAmerican
Energy Energy CBEC Energy
Company Eliminations Company Railway Financing
------------ ------------ ---------- --------- -----------
<S> <C> <C> <C> <C> <C>
Gross Utility Plant $4,786,647 $ -- $4,786,647 $ -- $ --
Less: Accumulated Utility Depreciation 2,154,505 -- 2,154,505 -- --
---------- --------- ---------- ------ --------
Net Utility Plant 2,632,142 -- 2,632,142 -- --
---------- --------- ---------- ------ --------
Investment in Subsidiaries -- (5,319) 5,319 -- --
Other Property and Investments 118,344 (103,090) 112,125 6,219 103,090
Power Purchase Contract 190,897 -- 190,897 -- --
Investment in Discontinued Operations -- -- -- -- --
Current Assets 436,799 (3,992) 440,789 2 --
Other Assets 396,471 -- 396,471 -- --
---------- --------- ---------- ------ --------
Total Assets $3,774,653 $(112,401) $3,777,743 $6,221 $103,090
========== ========= ========== ====== ========
Common Shareholders' Equity $ 986,825 $ (5,319) $ 986,825 $2,229 $ 3,090
Preferred Shares, not subject
to mandatory redemption 31,769 -- 31,769 -- --
Preferred Shares, subject to
mandatory redemption (d) 150,000 -- 50,000 -- 100,000
Long-Term Debt (excluding current portion) 1,086,955 (103,090) 1,190,045 -- --
---------- --------- ---------- ------ --------
Total Capitalization 2,255,549 (108,409) 2,258,639 2,229 103,090
---------- --------- ---------- ------ --------
Power Purchase Contract 97,504 -- 97,504 -- --
Current Liabilities 478,987 (3,992) 478,987 3,992 --
Other Liabilities 942,613 -- 942,613 -- --
---------- --------- ---------- ------ --------
Total Liabilities and Capitalization $3,774,653 $(112,401) $3,777,743 $6,221 $103,090
========== ========= ========== ====== ========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-31-
<PAGE>
EXHIBIT A
Page 21 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Consolidated Midwest Dakota
Midwest Capital Dunes
Capital Group Development Middlewood
Group Inc. Eliminations Inc. (b) Company Mall, Inc.
----------- ------------ --------- ----------- -----------
<S> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- --
Net Utility Plant -- -- -- -- --
Investment in Subsidiaries -- (14,032) 14,032 -- --
Other Property and Investments 51,335 (21) 6,709 44,647 --
Power Purchase Contract -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- --
Current Assets 10,656 (28,972) 39,196 420 12
Other Assets 158 -- 27 131 --
----------- ----------- --------- ---------- ------------
Total Assets $ 62,149 $ (43,025) $ 59,964 $ 45,198 $ 12
=========== =========== ========= ========== ============
Common Shareholders' Equity $ 53,434 $ (14,044) $ 53,446 $ 13,582 $ 450
Preferred Shares, not subject to
mandatory redemption -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- --
Long-Term Debt (excluding current portion) 5,016 -- 5,016 -- --
----------- ----------- --------- ---------- ------------
Total Capitalization 58,450 (14,044) 58,462 13,582 450
----------- ----------- --------- ---------- ------------
Power Purchase Contract -- -- -- --
Current Liabilities 397 (28,981) 762 29,056 (440)
Other Liabilities 3,302 -- 740 2,560 2
----------- ----------- --------- ---------- ------------
Total Liabilities and Capitalization $ 62,149 $ (43,025) $ 59,964 $ 45,198 $ 12
=========== =========== ========= ========== ============
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-32-
<PAGE>
EXHIBIT A
Page 22 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Consolidated
MidAmerican MidAmerican
Capital Capital InterCoast
Company Eliminations Company (b) Capital Co. IWG Co. 3 IWG Co. 4
----------- ------------ ----------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- (383,899) 383,899 -- -- --
Other Property and Investments 464,128 -- 42,869 230,408 34,906 1,871
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations 196,356 -- -- -- -- --
Current Assets 69,816 (287,340) 74,031 6,396 12,021 9,651
Other Assets 1,911 -- 1,191 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 732,211 $ (671,239) $ 501,990 $ 236,804 $ 46,927 $ 11,522
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ 198,841 $ (383,899) $ 198,842 $ 235,009 $ 16,468 $ (3,673)
Preferred Shares, not subject
to mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) 309,705 -- 225,000 -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization 508,546 (383,899) 423,842 235,009 16,468 (3,673)
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 90,727 (287,340) 90,073 481 -- --
Other Liabilities 132,938 -- (11,925) 1,314 30,459 15,195
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 732,211 $ (671,239) $ 501,990 $ 236,804 $ 46,927 $ 11,522
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-33-
<PAGE>
EXHIBIT A
Page 23 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
InterCoast InterCoast InterCoast
Ventures Power Gas Marketing InterCoast
Company Company IWG Co.8(b) IWG Co. 9 Company Windriver
----------- ----------- ----------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments 171 10,614 10,633 9,275 -- --
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- 288 --
Current Assets 77 -- 2,660 -- 3,275 --
Other Assets -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Assets $ 248 $ 10,614 $ 13,293 $ 9,275 $ 3,563 $ --
=========== =========== ========== =========== ========== ==========
Common Shareholders' Equity $ (4,108) $ (5,834) $ (7,452) $ 5,597 $ 3,563 $ (99)
Preferred Shares, not subject
to mandatory redemption -- -- -- -- -- --
Preferred Shares, subject
to mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Capitalization (4,108) (5,834) (7,452) 5,597 3,563 (99)
----------- ----------- ---------- ----------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 3,868 2,208 26,894 4,488 -- 99
Other Liabilities 488 14,240 (6,149) (810) -- --
----------- ----------- ---------- ----------- ---------- ----------
Total Liabilities and Capitalization $ 248 $ 10,614 $ 13,293 $ 9,275 $ 3,563 $ --
=========== =========== ========== =========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-34-
<PAGE>
EXHIBIT A
Page 24 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
GED & InterCoast
InterCoast Energy InterCoast Continental
Oil & InterCoast Marketing and Power Power Iowa Illinois
Gas (a)(b) Sierra Pwr Services Co. Marketing Exch. (a) Ventures
----------- ----------- ------------- ----------- ----------- -------------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments -- -- -- 144 -- --
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations 184,701 -- -- -- 5,793 --
Current Assets -- -- 12 589 -- --
Other Assets -- -- 1 -- -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Assets $ 184,701 $ -- $ 13 $ 733 $ 5,793 $ --
========== ========== ========== ========== ========== ==========
Common Shareholders' Equity $ 37,033 $ (24) $ (122) $ (1,145) $ (5,627) $ (52)
Preferred Shares, not subject
to mandatory redemption -- -- -- -- -- --
Preferred Shares, subject to
mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Capitalization 37,033 (24) (122) (1,145) (5,627) (52)
---------- ---------- ---------- ---------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 147,668 24 172 1,883 11,420 52
Other Liabilities -- -- (37) (5) -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Liabilities and Capitalization $ 184,701 $ -- $ 13 $ 733 $ 5,793 $ --
========== ========== ========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-35-
<PAGE>
EXHIBIT A
Page 25 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
InterCoast InterCoast InterCoast Diversified Cimmred
Investment Global Trade Electronics Capital
Group (b) Management Resources Ltd. Amgas Inc. Company
---------- ---------- ---------- ----------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- -- -- --
Net Utility Plant -- -- -- -- -- --
Investment in Subsidiaries -- -- -- -- -- --
Other Property and Investments 232 -- 266 433 5,059 35
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- 5,574 -- -- -- --
Current Assets -- 1 21,508 2,259 25,469 9,379
Other Assets -- -- 21 73 22 --
---------- ---------- ---------- ---------- ---------- ----------
Total Assets $ 232 $ 5,575 $ 21,795 $ 2,765 $ 30,550 $ 9,414
========== ========== ========== ========== ========== ==========
Common Shareholders' Equity $ 39 $ 1,231 $ (1,060) $ 1,167 $ 1,432 $ 5,837
Preferred Shares, not subject
to mandatory redemption -- -- -- -- -- --
Preferred Shares, subject
to mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Capitalization 39 1,231 (1,060) 1,167 1,432 5,837
---------- ---------- ---------- ---------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 575 4,391 22,855 1,598 29,397 480
Other Liabilities (382) (47) -- -- (279) 3,097
---------- ---------- ---------- ---------- ---------- ----------
Total Liabilities and Capitalization $ 232 $ 5,575 $ 21,795 $ 2,765 $ 30,550 $ 9,414
========== ========== ========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-36-
<PAGE>
EXHIBIT A
Page 26 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Cimmred Cimmred MWR
Energy Leasing DCCO MWR Investments TTP,
Company Company Inc. (a) Capital Inc. Inc. (b) Inc. (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 -- 29,977 -- 23,037 48,293 3,491
Power Purchase Contract -- -- -- -- -- --
Investment in Discontinued Operations -- -- -- -- -- --
Current Assets 406 360 6,799 1,977 1 505
Other Assets -- -- -- -- -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Assets $ 406 $ 30,337 $ 6,799 $ 25,014 $ 48,294 $ 3,996
========== ========== ========== ========== ========== ==========
Common Shareholders' Equity $ 372 $ 233 $ 8,627 $ 1,840 $ 19,609 $ 2,401
Preferred Shares, not subject
to mandatory redemption -- -- -- -- -- --
Preferred Shares, subject
to mandatory redemption -- -- -- -- -- --
Long-Term Debt (excluding current portion) -- -- -- -- -- --
---------- ---------- ---------- ---------- ---------- ----------
Total Capitalization 372 233 8,627 1,840 19,609 2,401
---------- ---------- ---------- ---------- ---------- ----------
Power Purchase Contract -- -- -- -- -- --
Current Liabilities 69 29 -- (706) 26,216 23
Other Liabilities (35) 30,075 (1,828) 23,880 2,469 1,572
---------- ---------- ---------- ---------- ---------- ----------
Total Liabilities and Capitalization $ 406 $ 30,337 $ 6,799 $ 25,014 $ 48,294 $ 3,996
========== ========== ========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-37-
<PAGE>
EXHIBIT A
Page 27 of 27
<TABLE>
<CAPTION>
MIDAMERICAN ENERGY HOLDINGS COMPANY
CONSOLIDATING BALANCE SHEETS
FORM U-3A-2
AS OF DECEMBER 31, 1996
(in thousands)
Cornhusker InterCoast InterCoast
UNITRAIN Railcar Gas Energy
Inc. Service Services Co. (c)
---------- ---------- ----------- ----------
<S> <C> <C> <C> <C>
Gross Utility Plant $ -- $ -- $ -- $ --
Less: Accumulated Utility Depreciation -- -- -- --
Net Utility Plant -- -- -- --
Investment in Subsidiaries -- -- -- --
Other Property and Investments 10,312 2,092 10 --
Power Purchase Contract -- -- -- --
Investment in Discontinued Operations -- -- -- --
Current Assets 811 2,158 12,302 164,509
Other Assets -- 269 -- 334
---------- ---------- ---------- ----------
Total Assets $ 11,123 $ 4,519 $ 12,312 $ 164,843
========== ========== ========== ==========
Common Shareholders' Equity $ 7,210 2,628 $ (175) $ 62,973
Preferred Shares, not subject
to mandatory redemption -- -- -- --
Preferred Shares, subject
to mandatory redemption -- -- -- --
Long-Term Debt (excluding current portion) -- 205 -- 84,500
---------- ---------- ---------- ----------
Total Capitalization 7,210 2,833 (175) 147,473
---------- ---------- ---------- ----------
Power Purchase Contract -- -- -- --
Current Liabilities 299 1,687 12,487 (10,663)
Other Liabilities 3,614 (1) -- 28,033
---------- ---------- ---------- ----------
Total Liabilities and Capitalization $ 11,123 $ 4,519 $ 12,312 $ 164,843
========== ========== ========== ==========
</TABLE>
(a) The Company's construction subsidiaries were recorded as discontinued
operations at September 30, 1994. InterCoast Oil & Gas Co., Continental
Power Exchange, and GED Energy Services were recorded as discontinued in
September 1996. In January of 1997, GED Energy Services and InterCoast Oil
& Gas Co., including InterCoast Gas Services-(OK) and Medallion California
Properties Co., were sold to KCS Energy, Inc.
(b) Capital Center II Limited Partnership, and Capital Center III Limited
Partnership, Northgate Park Associates and Rivercenter Plaza Development
Co., L.C. 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.; Mycotech is accounted for in
MidAmerican Capital Company. Synergics Inc. is accounted for in 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 in InterCoast Oil & Gas Co.
(c) 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.
(d) Includes MidAmerican-obligated mandatorily redeemable preferred securities
of subsidiary trust holding solely MidAmerican junior subordinated
debentures.
-38-
