<PAGE>
FILE NO.________
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
OGE ENERGY CORP.
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, other than any exempt wholesale generator (EWG) or
foreign utility company in which claimant directly or indirectly holds an
interest.
OGE Energy Corp. (the "Company") is a public utility holding company which
is incorporated in the State of Oklahoma and located in Oklahoma City, Oklahoma.
At December 31, 1998, the Company was not engaged in any business independent of
that conducted through its subsidiaries, Oklahoma Gas and Electric Company
("OG&E"), Enogex Inc. ("Enogex") and Origen Inc. ("Origen").
OG&E was incorporated February 27, 1902, under the laws of the Territory of
Oklahoma and is now existing under and by virtue of the laws of the State of
Oklahoma. OG&E is an operating electric public utility. Its operations are
conducted predominantly in the State of Oklahoma. OG&E also conducts some
operations in the State of Arkansas. Its business is more fully described in its
most recent Form 10-K Annual Report (File No. 1-1097) on file with the
Commission.
Enogex is a wholly-owned subsidiary of the Company. Enogex owns and
operates a natural gas pipeline system that, among other things, delivers
natural gas to OG&E's electric generating units. By order of the Commission
dated August 28, 1986 (Release No. 35-24174), the Commission ordered that Enogex
was not a gas utility company within the meaning of Section 2(a)(4) of the
Public Utility Holding Company Act of 1935, as amended (the "Act"). At December
31, 1998, Enogex had five wholly-owned active subsidiaries: Enogex Products
Corporation, OGE Energy Resources Inc., Enogex Exploration Corporation, Enogex
Arkansas Pipeline Corporation and Enogex Gas Gathering LLC. At December 31,
1998, Enogex Products Corporation owned one hundred percent interests in the
Belvan Corp., the Belvan partnership and the Todd Ranch partnership, and an
eighty percent interest in the NuStar Joint Venture. Enogex Arkansas Pipeline
Corporation owned a seventy-five percent interest in the NOARK partnership. The
NOARK partnership owned one hundred percent interests in the Ozark Gas
Transmission LLC, the AWP LLC , the NOARK Energy Services LLC, the Ozark Gas
Gathering
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<PAGE>
LLC and the NOARK Pipeline Finance LLC. Enogex and each of its subsidiaries were
incorporated under the laws of the State of Oklahoma. The subsidiaries of
Enogex: own and operate gas processing plants in Oklahoma and west Texas; are
engaged in the gathering, transmission and processing of natural gas; are
engaged in the buying, selling and brokering of energy (natural gas, electricity
and natural gas liquids); and are engaged in the drilling for and production of
crude oil and natural gas. The subsidiaries of Enogex are not "public utility
companies" within the meaning of the Act.
Origen is a wholly-owned non-regulated subsidiary of the Company. At
December 31, 1998, Origen had two wholly-owned active subsidiaries: OGE Energy
Technologies and Geothermal Design and Engineering, Inc. ("GD&E"). Origen and
each of its subsidiaries were incorporated under the laws of the State of
Oklahoma. Origen is currently involved in the development of energy related
products and services.
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmission,
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
The Company owns no physical properties.
The principal properties of OG&E are described in the above mentioned Form
10-K Annual Report (File No. 1-1097) on file with the Commission.
3. The following information for the last calendar year with respect to
claimant and each of its subsidiary public utility companies:
(a) Number of Kwh of electric energy sold (at retail or wholesale), and
Mcf of natural or manufactured gas distributed at retail.
None by Company
24,370,200,000 Kwh by OG&E
(b) Number of Kwh of electric energy and Mcf of natural or manufactured gas
distributed at retail outside the State in which each such company is organized.
None by Company
2,369,280,000 Kwh by OG&E
(c) Number of Kwh of electric energy and Mcf of natural or manufactured gas
sold at wholesale outside the State in which each such company is organized, or
at the State line.
None by Company
1,526,965,000 Kwh by OG&E
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<PAGE>
(d) Number of Kwh of electric energy and Mcf of natural or manufactured gas
purchased outside the State in which each such company is organized or at the
State line.
None by Company
528,621,000 Kwh by OG&E
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, stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the facilities used
by the EWG or foreign utility company for the generation, transmission and
distribution of electric energy for sale or for the distribution at retail of
natural or manufactured gas.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and description of the interest held.
(c) Type and amount of capital invested, directly or indirectly, by the
holding company claiming exemption; 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.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
(e) Identify any service, sales or construction contract(s) between the EWG
or foreign utility company and a system company, and describe the services to be
rendered or goods sold and fees or revenues under such agreement(s).
Item 4 is not applicable. At December 31, 1998, the Company did not hold
directly or indirectly any interest in an EWG or a foreign utility company.
-3-
<PAGE>
EXHIBITS
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1998, and Consolidating Balance Sheet as of
December 31, 1998, for OGE Energy Corp. (the "Company") and its
subsidiary companies.
B. Financial Data Schedule.
C. An organizational chart showing the relationship of each EWG or
foreign utility company to associate companies in the holding-company
system.
Exhibit C is not applicable. At December 31, 1998, the Company did not
hold directly or indirectly any interest in an EWG or a foreign
utility company.
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<PAGE>
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on this 26th day of February 1999.
OGE ENERGY CORP.
(Registrant)
By /s/ Donald R. Rowlett
---------------------------------
Donald R. Rowlett
Controller Corporate Accounting
CORPORATE SEAL
Attest:
/s/ Irma B. Elliott
- --------------------------------
Irma B. Elliott
Vice President and Secretary
Name, title and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Donald R. Rowlett, Controller Corporate Accounting
- --------------------------------------------------
P. O. BOX 321, Oklahoma City, Oklahoma 73101-0321
- --------------------------------------------------
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<PAGE>
EXHIBIT INDEX
-------------
Exhibit Description
------- -----------
A. Consolidating Statement of Income and Retained Earnings for the year
ended December 31, 1998, and Consolidating Balance Sheet as of
December 31, 1998, for OGE Energy Corp. (the "Company") and its
subsidiary companies.
B. Financial Data Schedule.
-6-
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Income
Year Ended December 31, 1998
OGE Oklahoma Gas OGE
(dollars in thousands except per share data) Energy and Electric Enogex Origen Consolidating Consolidated
Corp. Company Inc. Inc. Adjustments Statements
----------- ------------- ---------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 1,312,078 $ 505,506 $ 965 $ (200,812) $ 1,617,737
OPERATING EXPENSES:
Fuel............................................ - 356,781 - - (41,587) 315,194
Purchased power................................. - 240,542 - - - 240,542
Gas and electricity purchased for resale........ - - 375,657 - (159,225) 216,432
Other operation and maintenance................. (3,838) 239,614 66,447 2,883 - 305,106
Depreciation.................................... 2,378 116,214 31,178 48 - 149,818
Current income taxes............................ (49) 86,527 (1,009) (747) - 84,722
Deferred income taxes, net...................... 67 24,197 4,809 (1) - 29,072
Deferred investment tax credits, net............ - (5,150) - - - (5,150)
Taxes other than income......................... 1,442 43,130 6,587 29 - 51,188
----------- ------------- ---------- -------- ------------- ------------
Total operating expenses...................... - 1,101,855 483,669 2,212 (200,812) 1,386,924
OPERATING INCOME.................................. - 210,223 21,837 (1,247) - 230,813
OTHER INCOME AND DEDUCTIONS:
Interest income................................. 4,861 2,315 1,897 287 (5,799) 3,561
Other........................................... 933 (3,329) 4,593 - - 2,197
Income from subsidiaries........................ 166,881 - - - (166,881) -
----------- ------------- ---------- -------- ------------- ------------
Net other income and deductions .............. 172,675 (1,014) 6,490 287 (172,680) 5,758
INTEREST CHARGES:
Interest on long-term debt...................... - 44,515 16,341 - - 60,856
Allowance for borrowed funds used
during construction........................... - (1,071) - - - (1,071)
Other........................................... 7,536 5,427 3,524 226 (5,799) 10,914
----------- ------------- ---------- -------- ------------- ------------
Total interest charges, net................... 7,536 48,871 19,865 226 (5,799) 70,699
NET INCOME (LOSS)................................. 165,139 160,338 8,462 (1,186) (166,881) 165,872
PREFERRED DIVIDEND REQUIREMENTS................... - 733 - - - 733
----------- ------------- ---------- -------- ------------- ------------
EARNINGS AVAILABLE FOR COMMON..................... $ 165,139 $ 159,605 $ 8,462 $(1,186) $ (166,881) $ 165,139
=========== ============= ========== ======== ============= ============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 80,772 80,772
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 2.04 $ 2.04
-7-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
OGE Oklahoma Gas OGE
(dollars in thousands) Energy and Electric Enogex Origen Consolidating Consolidated
Corp. Company Inc. Inc. Adjustments Statements
----------- ------------- ---------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ 472,063 $ 338,947 $ 16,139 $ (728) $ (354,358) $ 472,063
ADD - net income (loss)........................... 165,139 160,338 8,462 (1,186) (166,881) 165,872
----------- ------------- ---------- -------- ------------- ------------
Total......................................... 637,202 499,285 24,601 (1,914) (521,239) 637,935
DEDUCT:
Cash dividends declared
on preferred stock............................ - 733 - - - 733
Cash dividends declared
on common stock............................... 107,434 157,426 4,000 - (161,426) 107,434
----------- ------------- ---------- -------- ------------- ------------
Total Cash Dividends.......................... 107,434 158,159 4,000 - (161,426) 108,167
----------- ------------- ---------- -------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ 529,768 $ 341,126 $ 20,601 $(1,914) $ (359,813) $ 529,768
=========== ============= ========== ======== ============= ============
-8-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1998
OGE Oklahoma Gas OGE
(dollars in thousands) Energy and Electric Enogex Origen Consolidating Consolidated
Corp. Company Inc. Inc. Adjustments Statements
----------- ------------- ---------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service............................... $ 25,470 $ 3,674,732 $ 704,761 $ 298 $ - $ 4,405,261
Construction work in progress............ - 28,439 7,571 - - 36,010
----------- ------------- ---------- -------- ------------- ------------
Total property, plant and equipment.... 25,470 3,703,171 712,332 298 - 4,441,271
Less accumulated depreciation........ 1,191 1,727,472 185,982 76 - 1,914,721
----------- ------------- ---------- -------- ------------- ------------
Net property, plant and equipment........ 24,279 1,975,699 526,350 222 - 2,526,550
OTHER PROPERTY AND INVESTMENTS, at cost.... 1,072,284 17,454 2,899 2,973 (1,063,928) 31,682
CURRENT ASSETS:
Cash and cash equivalents................ - 312 - 66 - 378
Accounts receivable - customers,
less reserve of $3,342................. - 91,434 49,801 - - 141,235
Accounts receivable - affiliates......... 99,867 - 16,443 - (116,310) -
Accrued utility revenues................. - 22,500 - - - 22,500
Accounts receivable-other................ 324 7,723 4,787 68 - 12,902
Fuel inventories, at LIFO cost........... - 47,081 10,207 - - 57,288
Materials and supplies, at average cost.. 91 25,894 3,749 - - 29,734
Prepayments and other.................... 284 28,641 2,626 - - 31,551
Accumulated deferred tax assets.......... 94 6,889 827 1 - 7,811
----------- ------------- ---------- -------- ------------- ------------
Total current assets................... 100,660 230,474 88,440 135 (116,310) 303,399
DEFERRED CHARGES:
Advance payments for gas................. - 15,000 - - - 15,000
Income taxes recoverable through
future rates........................... - 40,731 - - - 40,731
Other.................................... 3,670 40,739 22,158 - - 66,567
----------- ------------- ---------- -------- ------------- ------------
Total deferred charges................. 3,670 96,470 22,158 - - 122,298
----------- ------------- ---------- -------- ------------- ------------
TOTAL ASSETS............................... $1,200,893 $ 2,320,097 $ 639,847 $ 3,330 $ (1,180,238) $ 2,983,929
=========== ============= ========== ======== ============= ============
-9-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 1998
OGE Oklahoma Gas OGE
(dollars in thousands) Energy and Electric Enogex Origen Consolidating Consolidated
Corp. Company Inc. Inc. Adjustments Statements
----------- ------------- ---------- -------- ------------- ------------
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $1,043,382 $ 853,571 $ 207,270 $ 3,087 $ (1,063,928) $ 1,043,382
Cummulative preferred stock..................... - - - - - -
Long-term debt.................................. - 702,912 232,671 - - 935,583
----------- ------------- ---------- -------- ------------- ------------
Total capitalization.......................... 1,043,382 1,556,483 439,941 3,087 (1,063,928) 1,978,965
CURRENT LIABILITIES:
Short-term debt................................. 119,100 - - - - 119,100
Accounts payable - affiliates................... - 67,045 49,270 (5) (116,310) -
Accounts payable - other........................ 2,336 45,536 49,044 20 - 96,936
Dividends payable............................... 26,865 - - - - 26,865
Customers' deposits............................. - 23,984 1 - - 23,985
Accrued taxes................................... 8,483 18,932 3,085 - - 30,500
Accrued interest................................ - 15,931 5,150 - - 21,081
Long-term debt due within one year.............. - - 2,000 - - 2,000
Other........................................... 2,201 38,642 9,195 228 - 50,266
----------- ------------- ---------- -------- ------------- ------------
Total current liabilities..................... 158,985 210,070 117,745 243 (116,310) 370,733
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation ......... (1,654) 18,162 1,444 - - 17,952
Accumulated deferred income taxes............... - 462,886 69,054 - - 531,940
Accumulated deferred investment tax credits..... - 67,728 - - - 67,728
Other........................................... 180 4,768 11,663 - - 16,611
----------- ------------- ---------- -------- ------------- ------------
Total deferred credits and other liabilities.. (1,474) 553,544 82,161 - - 634,231
----------- ------------- ---------- -------- ------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $1,200,893 $ 2,320,097 $ 639,847 $ 3,330 $ (1,180,238) $ 2,983 929
=========== ============= ========== ======== ============= ============
-10-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex
Consolidating Statement of Income
Year Ended December 31, 1998
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES....................... $ 19,627 $ 51,314 $ 401,708 $ 21,524 $ 17,274 $ 46,140
OPERATING EXPENSES:
Gas purchased for resale............... - 23,726 395,133 - 8,877 -
Purchased Power........................ - - - - - -
Other operation and maintenance........ 7,590 22,337 5,519 8,907 2,570 20,010
Depreciation........................... 7,713 3,249 1,276 8,388 2,641 7,911
Current income taxes................... 1,122 (1,475) (136) (3,537) (1,739) 4,756
Deferred income taxes, net............. (1,238) 1,281 16 2,082 923 1,745
Taxes other than income................ 1,650 627 157 49 1,201 2,903
--------- ----------- -------------- ----------- -------------- -------------
Total operating expenses............. 16,837 49,745 401,965 15,889 14,473 37,325
OPERATING INCOME......................... 2,790 1,569 (257) 5,635 2,801 8,815
OTHER INCOME AND DEDUCTIONS:
Interest income........................ 8,636 46 22 1 530 -
Other.................................. 124 1,114 552 28 3,259 -
Income from subsidiaries............... 10,642 - - - - -
--------- ----------- -------------- ----------- -------------- -------------
Net other income and deductions ..... 19,402 1,160 574 29 3,789 -
INTEREST CHARGES:
Interest on long-term debt............. 13,730 - - - 2,611 -
Other.................................. - 2,984 590 2,009 5,279 -
--------- ----------- -------------- ----------- -------------- -------------
Total interest charges, net.......... 13,730 2,984 590 2,009 7,890 -
--------- ----------- -------------- ----------- -------------- -------------
NET INCOME (LOSS)........................ $ 8,462 $ (255) $ (273) $ 3,655 $ (1,300) $ 8,815
========= =========== ============== =========== ============== =============
Enogex
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES....................... $ (52,081) $ 505,506
OPERATING EXPENSES:
Gas purchased for resale............... (52,079) 375,657
Purchased Power........................ - -
Other operation and maintenance........ (486) 66,447
Depreciation........................... - 31,178
Current income taxes................... - (1,009)
Deferred income taxes, net............. - 4,809
Taxes other than income................ - 6,587
------------- ------------
Total operating expenses............. (52,565) 483,669
OPERATING INCOME......................... 484 21,837
OTHER INCOME AND DEDUCTIONS:
Interest income........................ (7,338) 1,897
Other.................................. (484) 4,593
Income from subsidiaries............... (10,642) -
------------- ------------
Net other income and deductions ..... (18,464) 6,490
INTEREST CHARGES:
Interest on long-term debt............. - 16,341
Other.................................. (7,338) 3,524
------------- ------------
Total interest charges, net.......... (7,338) 19,865
------------- ------------
NET INCOME (LOSS)........................ $ (10,642) $ 8,462
============= ============
-11-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD........... $ 16,321 $ 5,673 $ 719 $ 6,943 $ - $ -
ADD - net income (loss).................. 8,462 (255) (273) 3,655 (1,300) 8,815
--------- ----------- -------------- ----------- -------------- -------------
Total................................ 24,783 5,418 446 10,598 (1,300) 8,815
DEDUCT:
Cash dividends declared
on common stock...................... 4,000 - - - - -
Other.................................. - - - - - -
--------- ----------- --------- ---------------- -------------- -------------
Total Cash Dividends................. 4,000 - - - - -
--------- ----------- --------- ---------------- -------------- -------------
BALANCE AT END OF PERIOD................. $ 20,783 $ 5,418 $ 446 $ 10,598 $ (1,300) $ 8,815
========= =========== ========= ================ ============== =============
Enogex
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD........... $ (13,517) $ 16,139
ADD - net income (loss).................. (10,642) 8,462
------------- ------------
Total................................ (24,159) 24,601
DEDUCT:
Cash dividends declared
on common stock...................... - 4,000
Other.................................. - -
------------- ------------
Total Cash Dividends................. - 4,000
------------- ------------
BALANCE AT END OF PERIOD................. $ (24,159) $ 20,601
============= ============
-12-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex
Consolidating Balance Sheet
December 31, 1998
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT
In service............................. $192,494 $ 75,730 $ 1,208 $ 90,658 $ 154,395 $ 190,276
Construction work in progress.......... 2 287 2,648 - 1,273 3,361
--------- ----------- -------------- ----------- -------------- -------------
Total property, plant and equipment.. 192,496 76,017 3,856 90,658 155 668 193,637
Less accumulated depreciation...... 64,987 8,846 94 32,448 16,954 62,653
--------- ----------- -------------- ----------- -------------- -------------
Net property, plant and equipment...... 127,509 67,171 3,762 58,210 138,714 130,984
OTHER PROPERTY AND INVESTMENTS, at cost.. 48,739 - 5 64 8,200 -
CURRENT ASSETS:
Cash and cash equivalents.............. - 560 3,519 - 1,327 -
Accounts receivable - customers,
less reserve of $901................. 2,432 3,370 36,494 2,236 5,269 -
Accounts receivable - affiliates....... 169,486 - 14,098 - 1,275 -
Accrued utility revenues............... - - - - - -
Accounts receivable-other.............. 1,307 439 5 - 3,036 -
Fuel inventories, at LIFO cost......... - - 10,267 - - -
Materials and supplies, at
average cost......................... 2,905 258 - 15 571 -
Prepayments and other.................. 1,013 72 160 1,330 51 -
Accumulated deferred tax assets........ 544 - 248 35 - -
--------- ----------- -------------- ----------- -------------- -------------
Total current assets................. 177,687 4,699 64,791 3,616 11,529 -
DEFERRED CHARGES 996 3,552 7,002 122 2,944 7,626
--------- ----------- -------------- ----------- -------------- -------------
TOTAL ASSETS............................. $354,931 $ 75,422 $ 75,560 $ 62,012 $ 161,387 $ 138,610
========= =========== ============== =========== ============== =============
Enogex
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT
In service............................. $ - $ 704,761
Construction work in progress.......... - 7,571
------------- ------------
Total property, plant and equipment.. - 712,332
Less accumulated depreciation...... - 185,982
------------- ------------
Net property, plant and equipment...... - 526,350
OTHER PROPERTY AND INVESTMENTS, at cost.. (54,109) 2,899
CURRENT ASSETS:
Cash and cash equivalents.............. (5,406) -
Accounts receivable - customers,
less reserve of $901................. - 49,801
Accounts receivable - affiliates....... (168,416) 16,443
Accrued utility revenues............... - -
Accounts receivable-other.............. - 4,787
Fuel inventories, at LIFO cost......... (60) 10,207
Materials and supplies, at
average cost......................... - 3,749
Prepayments and other.................. - 2,626
Accumulated deferred tax assets........ - 827
------------- ------------
Total current assets................. (173,882) 88,440
DEFERRED CHARGES (84) 22,158
------------- ------------
TOTAL ASSETS............................. $ (228,075) $ 639,847
============= ============
-13-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex
Consolidating Balance Sheet
December 31, 1998
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC
--------- ----------- -------------- ----------- -------------- -------------
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings..... $ 72,295 $ 9,132 $ 15,448 $ 23,349 $ (1,299) $ 135,013
Long-term debt......................... 150,000 - - - 82,671 -
--------- ----------- -------------- ----------- -------------- -------------
Total capitalization................. 222,295 9,132 15,448 23,349 81,372 135,013
CURRENT LIABILITIES:
Accounts payable - affiliates.......... 55,537 48,527 14,180 27,018 70,352 4
Accounts payable - other............... 1,205 2,265 41,644 125 3,805 -
Customers' deposits.................... 1 - - - - -
Accrued taxes.......................... 640 435 12 12 842 1,144
Accrued interest....................... 4,289 - - - 861 -
Long-term debt due within one year..... - - - - 2,000 -
Other.................................. 7,906 2,055 4,134 1,461 1,113 -
--------- ----------- -------------- ----------- -------------- -------------
Total current liabilities............ 69,578 53,282 59,970 28,616 78,973 1,148
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. 1,440 - 4 - - -
Accumulated deferred income taxes...... 52,153 5,935 19 10,047 923 -
Other.................................. 9,465 7,073 119 - 119 2,449
--------- ----------- -------------- ----------- -------------- -------------
Total deferred credits and other
liabilities........................ 63,058 13,008 142 10,047 1,042 2,449
--------- ----------- -------------- ----------- -------------- -------------
TOTAL CAPITALIZATION AND LIABILITIES..... $354,931 $ 75,422 $ 75,560 $ 62,012 $ 161,387 $ 138,610
========= =========== ============== =========== ============== =============
Enogex
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings..... $ (46,668) $ 207,270
Long-term debt......................... - 232,671
------------- ------------
Total capitalization................. (46,668) 439,941
CURRENT LIABILITIES:
Accounts payable - affiliates.......... (166,348) 49,270
Accounts payable - other............... - 49,044
Customers' deposits.................... - 1
Accrued taxes.......................... - 3,085
Accrued interest....................... - 5,150
Long-term debt due within one year..... - 2,000
Other.................................. (7,474) 9,195
------------- ------------
Total current liabilities............ (173,822) 117,745
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. - 1,444
Accumulated deferred income taxes...... (23) 69,054
Other.................................. (7,562) 11,663
------------- ------------
Total deferred credits and other
liabilities........................ (7,585) 82,161
------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES..... $ (228,075) $ 639,847
============= ============
-14-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Statement of Income
Year Ended December 31, 1998
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ 25,034 $ - $ 4,007 $ 848 $ 21,425
OPERATING EXPENSES:
Gas purchased for resale........................ 6,974 - 3,043 649 13,060
Other operation and maintenance................. 16,114 123 915 170 5,015
Depreciation.................................... 1,200 4 233 104 1,708
Current income taxes............................ (1,475) - - - -
Deferred income taxes, net...................... 1,281 - - - -
Taxes other than income......................... 336 5 26 (7) 267
----------- ----------- ----------- ----------- ---------
Total operating expenses...................... 24,430 132 4,217 916 20,050
OPERATING INCOME.................................. 604 (132) (210) (68) 1,375
OTHER INCOME AND DEDUCTIONS:
Interest income................................. 2 7 - - 37
Other........................................... 2,071 - 246 82 500
----------- ----------- ----------- ----------- ---------
Net other income and deductions............... 2,073 7 246 82 537
INTEREST CHARGES.................................. 2,932 9 - - 43
----------- ----------- ----------- ----------- ---------
NET INCOME (LOSS)................................. $ (255) $ (134) $ 36 $ 14 $ 1,869
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES................................ $ - $ 51,314
OPERATING EXPENSES:
Gas purchased for resale........................ - 23,726
Other operation and maintenance................. - 22,337
Depreciation.................................... - 3,249
Current income taxes............................ - (1,475)
Deferred income taxes, net...................... - 1,281
Taxes other than income......................... - 627
------------- ------------
Total operating expenses...................... - 49,745
OPERATING INCOME.................................. - 1,569
OTHER INCOME AND DEDUCTIONS:
Interest income................................. - 46
Other........................................... (1,785) 1,114
------------- ------------
Net other income and deductions............... (1,785) 1,160
INTEREST CHARGES.................................. - 2,984
------------- ------------
NET INCOME (LOSS)................................. $ (1,785) $ (255)
============= ============
-15-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ 5,673 $ - $ - $ - $ 1,525
ADD - net income (loss)........................... (255) (134) 36 14 1,869
----------- ----------- ----------- ----------- ---------
BALANCE AT END OF PERIOD.......................... $ 5,418 $ (134) $ 36 $ 14 $ 3,394
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (1,525) $ 5,673
ADD - net income (loss)........................... (1,785) (255)
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (3,310) $ 5,418
============= ============
-16-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 1998
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ 23,117 $ 59 $ 10,431 $ 2,017 $ 40,106
Construction work in progress................... 8 - 92 - 187
----------- ----------- ----------- ----------- ---------
Total property, plant and equipment........... 23,125 59 10,523 2,017 40,293
Less accumulated depreciation............... 5,893 4 233 47 2,669
----------- ----------- ----------- ----------- ---------
Net property, plant and equipment............... 17,232 55 10,290 1,970 37,624
OTHER PROPERTY AND INVESTMENTS, at cost........... 43,785 134 - - -
CURRENT ASSETS:
Cash and cash equivalents....................... - 134 - - 959
Accounts receivable - customers................. 468 846 - - 2,056
Accounts receivable - affiliates................ - 171 - 757 -
Accounts receivable-other....................... 204 4 - - 231
Materials and supplies, at average cost......... - - - - 258
Prepayments and other........................... 34 27 - - 11
----------- ----------- ----------- ----------- ---------
Total current assets.......................... 706 1,182 - 757 3,515
DEFERRED CHARGES.................................. 1,737 - 43 1,648 124
----------- ----------- ----------- ----------- ---------
TOTAL ASSETS...................................... $ 63,460 $ 1,371 $ 10,333 $ 4,375 $ 41,263
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ - $ 75,730
Construction work in progress................... - 287
------------- -----------
Total property, plant and equipment........... - 76,017
Less accumulated depreciation............... - 8,846
------------- -----------
Net property, plant and equipment............... - 67,171
OTHER PROPERTY AND INVESTMENTS, at cost........... (43,919) -
CURRENT ASSETS:
Cash and cash equivalents....................... (533) 560
Accounts receivable - customers................. - 3,370
Accounts receivable - affiliates................ (928) -
Accounts receivable-other....................... - 439
Materials and supplies, at average cost......... - 258
Prepayments and other........................... - 72
------------- -----------
Total current assets.......................... (1,461) 4,699
DEFERRED CHARGES.................................. - 3,552
------------- -----------
TOTAL ASSETS...................................... $ (45,380) $ 75,422
============= ===========
-17-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 1998
Enogex Todd NuStar
(dollars in thousands) Products Belvan Belvan Ranch Joint
Corporation Corporation Partners LP Partners LP Venture
----------- ----------- ----------- ----------- ---------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ 9,132 $ 180 $ 9,435 $ 4,169 $ 37,669
----------- ----------- ----------- ----------- ---------
Total capitalization.......................... 9,132 180 9,435 4,169 37,669
CURRENT LIABILITIES:
Accounts payable - affiliates................... 46,720 536 - - 1,271
Accounts payable - other........................ 563 686 1 - 1,015
Accrued taxes................................... 89 1 76 6 263
Other........................................... 968 (1) 821 200 1,528
----------- ----------- ----------- ----------- ---------
Total current liabilities..................... 48,340 1,222 898 206 4,077
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 5,935 - - - -
Other........................................... 53 (31) - - (483)
----------- ----------- ----------- ----------- ---------
Total deferred credits and other liabilities.. 5,988 (31) - - (483)
----------- ----------- ----------- ----------- ---------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ 63,460 $ 1,371 $ 10,333 $ 4,375 $ 41,263
=========== =========== =========== =========== =========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ (51,453) $ 9,132
------------- ------------
Total capitalization.......................... (51,453) 9,132
CURRENT LIABILITIES:
Accounts payable - affiliates................... - 48,527
Accounts payable - other........................ - 2,265
Accrued taxes................................... - 435
Other........................................... (1,461) 2,055
------------- ------------
Total current liabilities..................... (1,461) 53,282
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... - 5,935
Other........................................... 7,534 7,073
------------- ------------
Total deferred credits and other liabilities.. 7,534 13,008
------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ (45,380) $ 75,422
============= ============
-18-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Income
Year Ended December 31, 1998
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ 17,274 $ - $ 17,274
OPERATING EXPENSES:
Gas purchased for resale........................ - 8,877 - 8,877
Other operation and maintenance................. 40 2,530 - 2,570
Depreciation.................................... (364) 3,005 - 2,641
Current income taxes............................ (1,739) - - (1,739)
Deferred income taxes, net...................... 923 - - 923
Taxes other than income......................... 1 1,200 - 1,201
-------------- --------- ------------- ------------
Total operating expenses...................... (1,139) 15,612 - 14,473
OPERATING INCOME.................................. 1,139 1,662 - 2,801
OTHER INCOME AND DEDUCTIONS:
Interest income................................. 513 17 - 530
Other........................................... (1,010) 155 4,114 3,259
-------------- --------- ------------- ------------
Net other income and deductions............... (497) 172 4,114 3,789
INTEREST CHARGES.................................. 1,942 5,948 - 7,890
-------------- --------- ------------- ------------
NET INCOME (LOSS)................................. $ (1,300) $ (4,114) $ 4,114 $ (1,300)
============== ========= ============= ============
-19-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ - $ - $ - $ -
ADD - net income (loss)........................... (1,300) (4,114) 4,114 (1,300)
-------------- --------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (1,300) $ (4,114) $ 4,114 $ (1,300)
============== ========= ============= ============
-20-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 1998
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ 21 $177,783 $ (23,409) $ 154,395
Construction work in progress................... - 1,273 - 1,273
-------------- --------- ------------- ------------
Total property, plant and equipment........... 21 179,056 (23,409) 155,668
Less accumulated depreciation............... 3 17,126 (175) 16,954
-------------- --------- ------------- ------------
Net property, plant and equipment............... 18 161,930 (23,234) 138,714
OTHER PROPERTY AND INVESTMENTS, at cost........... 73,504 - (65,304) 8,200
CURRENT ASSETS:
Cash and cash equivalents....................... - 1,327 - 1,327
Accounts receivable - customers................. - 5,269 - 5,269
Accounts receivable - affiliates................ - 2,317 (1,042) 1,275
Accrued utility revenues........................ - - - -
Accounts receivable-other....................... 3,036 - - 3,036
Fuel inventories, at LIFO cost.................. - - - -
Materials and supplies, at average cost......... - 571 - 571
Prepayments and other........................... - 51 - 51
Accumulated deferred tax assets................. - - - -
-------------- --------- ------------- ------------
Total current assets.......................... 3,036 9,535 (1,042) 11,529
DEFERRED CHARGES.................................. - 13,431 (10,487) 2,944
-------------- --------- ------------- ------------
TOTAL ASSETS...................................... $ 76,558 $184,896 $ (100,067) $ 161,387
============== ========= ============= ============
-21-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 1998
Enogex NOARK
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System LP Adjustments Statements
-------------- --------- ------------- ------------
<S> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ (1,593) $ 99,319 $ (99,025) $ (1,299)
Long-term debt.................................. 5,671 77,000 - 82,671
-------------- --------- ------------- ------------
Total capitalization.......................... 4,078 176,319 (99,025) 81,372
CURRENT LIABILITIES:
Accounts payable - affiliates................... 71,394 - (1,042) 70,352
Accounts payable - other........................ - 3,805 - 3,805
Accrued taxes................................... (227) 1,069 - 842
Accrued interest................................ 390 471 - 861
Long-term debt due within one year.............. - 2,000 - 2,000
Other........................................... - 1,113 - 1,113
-------------- --------- ------------- ------------
Total current liabilities..................... 71,557 8,458 (1,042) 78,973
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 923 - - 923
Other........................................... - 119 - 119
-------------- --------- ------------- ------------
Total deferred credits and other liabilities.. 923 119 - 1,042
-------------- --------- ------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ 76,558 $184,896 $ (100,067) $ 161,387
============== ========= ============= ============
-22-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Statement of Income
Year Ended December 31, 1998
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ 3,453 $ 5,762 $ 168 $ 9,835 $ 8,018 $ -
OPERATING EXPENSES:
Gas purchased for resale........................ - - - 11,767 7,072 -
Other operation and maintenance................. 1,294 989 8 - 239 -
Depreciation.................................... 2,177 689 37 - 102 -
Taxes other than income......................... 629 513 37 - 21 -
----------- ------------ ------------- ------------ --------- -----------
Total operating expenses...................... 4,100 2,191 82 11,767 7,434 -
OPERATING INCOME.................................. (647) 3,571 86 (1,932) 584 -
OTHER INCOME AND DEDUCTIONS:
Interest income................................. 17 - - - - 3,061
Other........................................... 2,460 149 - - 9 -
----------- ------------ ------------- ------------ --------- -----------
Net other income and deductions............... 2,477 149 - - 9 3,061
INTEREST CHARGES.................................. 5,944 3 1 - - 3,061
----------- ------------ ------------- ------------ --------- -----------
NET INCOME (LOSS)................................. $ (4,114) $ 3,717 $ 85 $ (1,932) $ 593 $ -
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
OPERATING REVENUES................................ $ (9,962) $ 17,274
OPERATING EXPENSES:
Gas purchased for resale........................ (9,962) 8,877
Other operation and maintenance................. - 2,530
Depreciation.................................... - 3,005
Taxes other than income......................... - 1,200
------------- ------------
Total operating expenses...................... (9,962) 15,612
OPERATING INCOME.................................. - 1,662
OTHER INCOME AND DEDUCTIONS:
Interest income................................. (3,061) 17
Other........................................... (2,463) 155
------------- ------------
Net other income and deductions............... (5,524) 172
INTEREST CHARGES.................................. (3,061) 5,948
------------- ------------
NET INCOME (LOSS)................................. $ (2,463) $ (4,114)
============= ============
-23-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ - $ - $ - $ - $ - $ -
ADD - net income (loss)........................... (4,114) 3,717 85 (1,932) 593 -
----------- ------------ ------------- ------------ --------- -----------
BALANCE AT END OF PERIOD.......................... $ (4,114) $ 3,717 $ 85 $ (1,932) $ 593 $ -
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ - $ -
ADD - net income (loss)........................... (2,463) (4,114)
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (2,463) $ (4,114)
============= ============
-24-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Balance Sheet
Year Ended December 31, 1998
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ - $ 173,241 $ 2,327 $ - $ 2,215 $ -
Construction work in progress................... - - - - 1,273 -
----------- ------------ ------------- ------------ --------- -----------
Total property, plant and equipment........... - 173,241 2,327 - 3,488 -
Less accumulated depreciation............... - 16,326 499 - 301 -
----------- ------------ ------------- ------------ --------- -----------
Net property, plant and equipment............... - 156,915 1,828 - 3,187 -
OTHER PROPERTY AND INVESTMENTS, at cost........... 176,891 - - - - -
CURRENT ASSETS:
Cash and cash equivalents....................... 1,317 - 10 - - -
Accounts receivable - customers................. 1,281 1,880 131 1,884 93 -
Accounts receivable - affiliates................ - 5,156 21 - 1,360 2,471
Materials and supplies, at average cost......... - 571 - - - -
Prepayments and other........................... 20 20 11 - - -
----------- ------------ ------------- ------------ --------- -----------
Total current assets.......................... 2,618 7,627 173 1,884 1,453 2,471
DEFERRED CHARGES.................................. 2,155 11,160 116 - - 77,000
----------- ------------ ------------- ------------ --------- -----------
TOTAL ASSETS...................................... $ 181,664 $ 175,702 $ 2,117 $ 1,884 $ 4,640 $ 79,471
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ - $ 177,783
Construction work in progress................... - 1,273
------------- ------------
Total property, plant and equipment........... - 179,056
Less accumulated depreciation............... - 17,126
------------- ------------
Net property, plant and equipment............... - 161,930
OTHER PROPERTY AND INVESTMENTS, at cost........... (176,891) -
CURRENT ASSETS:
Cash and cash equivalents....................... - 1,327
Accounts receivable - customers................. - 5,269
Accounts receivable - affiliates................ (6,691) 2,317
Materials and supplies, at average cost......... - 571
Prepayments and other........................... - 51
------------- ------------
Total current assets.......................... (6,691) 9,535
DEFERRED CHARGES.................................. (77,000) 13,431
------------- ------------
TOTAL ASSETS...................................... $ (260,582) $ 184,896
============= ============
-25-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
NOARK Pipeline System LP
Consolidating Balance Sheet
Year Ended December 31, 1998
NOARK Ozark Gas NOARK Ozark Gas NOARK
(dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline
System LP LLC LLC Services LLC LLC Finance LLC
----------- ------------ ------------- ------------ --------- -----------
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ 99,319 $ 174,133 $ 2,078 $ (1,931) $ 2,611 $ -
Long-term debt.................................. 77,000 - - - - 77,000
----------- ------------ ------------- ------------ --------- -----------
Total capitalization.......................... 176,319 174,133 2,078 (1,931) 2,611 77,000
CURRENT LIABILITIES:
Accounts payable - affiliates................... 2,649 - - 1,571 - -
Accounts payable - other........................ 225 16 12 1,597 1,955 -
Accrued taxes................................... - 1,030 27 - 12 -
Accrued interest................................ 471 - - - - -
Long-term debt due within one year.............. 2,000 - - - - 2,000
Other........................................... - 523 - 528 62 471
----------- ------------ ------------- ------------ --------- -----------
Total current liabilities..................... 5,345 1,569 39 3,696 2,029 2,471
DEFERRED CREDITS AND OTHER LIABILITIES:
Other........................................... - - - 119 - -
----------- ------------ ------------- ------------ --------- -----------
Total deferred credits and other liabilities.. - - - 119 - -
----------- ------------ ------------- ------------ --------- -----------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ 181,664 $ 175,702 $ 2,117 $ 1,884 $ 4,640 $ 79,471
=========== ============ ============= ============ ========= ===========
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
<S> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ (176,891) $ 99,319
Long-term debt.................................. (77,000) 77,000
------------- ------------
Total capitalization.......................... (253,891) 176,319
CURRENT LIABILITIES:
Accounts payable - affiliates................... (4,220) -
Accounts payable - other........................ - 3,805
Accrued taxes................................... - 1,069
Accrued interest................................ - 471
Long-term debt due within one year.............. (2,000) 2,000
Other........................................... (471) 1,113
------------- ------------
Total current liabilities..................... (6,691) 8,458
DEFERRED CREDITS AND OTHER LIABILITIES:
Other........................................... - 119
------------- ------------
Total deferred credits and other liabilities.. - 119
------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ (260,582) $ 184,896
============= ============
-26-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Statement of Income
Year Ended December 31, 1998
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E Adjustments Statements
--------- ------------ ---------- ------------- ------------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES................................ $ - $ - $ 965 $ - $ 965
OPERATING EXPENSES:
Other operation and maintenance................. 221 795 1,867 - 2,883
Depreciation.................................... - - 48 - 48
Current income taxes............................ (22) (359) (366) - (747)
Deferred Income Taxes........................... - - (1) - (1)
Taxes other than income......................... 6 23 - - 29
--------- ------------ ---------- ------------- ------------
Total operating expenses...................... 205 459 1,548 - 2,212
OPERATING INCOME.................................. (205) (459) (583) - (1,247)
OTHER INCOME AND DEDUCTIONS:
Interest income................................. 282 - 5 - 287
Other........................................... (570) - - 570 -
Income from subsidiaries........................ (579) - - 579 -
--------- ------------ ---------- ------------- ------------
Net other income and deductions............... (867) - 5 1,149 287
INTEREST CHARGES.................................. 114 112 - - 226
--------- ------------ ---------- ------------- ------------
NET INCOME (LOSS)................................. $ (1,186) $ (571) $ (578) $ 1,149 $ (1,186)
========= ============ ========== ============= ============
-27-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Statement of Retained Earnings
Year Ended December 31, 1998
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E Adjustments Statements
--------- ------------ ---------- ------------- ------------
<S> <C> <C> <C> <C> <C>
BALANCE AT BEGINNING OF PERIOD.................... $ (728) $ (966) $ (336) $ 1,302 $ (728)
ADD - net income (loss)........................... (1,186) (571) (578) 1,149 (1,186)
--------- ------------ ---------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (1,914) $ (1,537) $ (914) $ 2,451 $ (1,914)
========= ============ ========== ============= ============
-28-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Balance Sheet
December 31, 1998
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E Adjustments Statements
--------- ------------ ---------- ------------- ------------
<S> <C> <C> <C> <C> <C>
ASSETS
PROPERTY, PLANT & EQUIPMENT:
In service...................................... $ - $ - $ 298 $ - $ 298
--------- ------------ ---------- ------------- ------------
Total property, plant and equipment........... - - 298 - 298
Less accumulated depreciation............... - - 76 - 76
--------- ------------ ---------- ------------- ------------
Net property, plant and equipment............... - - 222 - 222
OTHER PROPERTY AND INVESTMENTS, at cost........... 1,523 - - 1,450 2,973
CURRENT ASSETS:
Cash and cash equivalents....................... - - 66 - 66
Accounts receivable - affiliates................ 2,504 - - (2,504) -
Accounts receivable - other..................... - - 68 - 68
Accumulated deferred tax assets................. - - 1 - 1
--------- ------------ ---------- ------------- ------------
Total current assets.......................... 2,504 - 135 (2,504) 135
--------- ------------ ---------- ------------- ------------
TOTAL ASSETS...................................... $ 4,027 $ - $ 357 $ (1,054) $ 3,330
========= ============ ========== ============= ============
-29-
</TABLE>
<PAGE>
Exhibit A
<TABLE>
<CAPTION>
Origen
Consolidating Balance Sheet
December 31, 1998
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies GD&E Adjustments Statements
--------- ------------ ---------- ------------- ------------
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common stock and retained earnings.............. $ 3,087 $ (1,536) $ 86 $ 1,450 $ 3,087
--------- ------------ ---------- ------------- ------------
Total capitalization.......................... 3,087 (1,536) 86 1,450 3,087
CURRENT LIABILITIES:
Accounts payable - affiliates................... 929 1,536 34 (2,504) (5)
Accounts payable - other........................ 11 - 9 - 20
Accrued taxes................................... - - - - -
Other........................................... - - 228 - 228
--------- ------------ ---------- ------------- ------------
Total current liabilities..................... 940 1,536 271 (2,504) 243
DEFERRED CREDITS AND OTHER LIABILITIES............ - - - - -
--------- ------------ ---------- ------------- ------------
TOTAL CAPITALIZATION AND LIABILITIES.............. $ 4,027 $ - $ 357 $ (1,054) $ 3,330
========= ============ ========== ============= ============
-30-
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
This schedule contains summary financial information extracted from the OGE
Energy Corp. Consolidated Statement of Income and Balance Sheet as reported on
Form U-3A-2 as of December 31, 1998 and is qualified in its entirety by
reference to such Form U-3A-2.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-1-1998
<PERIOD-END> DEC-31-1998
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,983,929
<TOTAL-OPERATING-REVENUES> 1,617,737
<NET-INCOME> 165,872
</TABLE>
