UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-13-60
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1999 and Ending December 31, 1999
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
STP Nuclear Operating Company
(Exact Name of Reporting Company)
A Subsidiary SERVICE COMPANY
("Mutual" or "Subsidiary")
Date of Incorporation October 1, 1997 If not Incorporated, Date of Organization.
State or Sovereign Power under which Incorporated or Organized Texas
Location of Principal Executive Offices of Reporting Company
8 Miles Wst Wadsworth Texas on FM 521
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
F.K. Mangan Vice President
Business Services P.O. Box 289 Wadsworth, Texas 77483
- ------------- ------------------ ------------------------------------
(Name) (Title) (Address)
Name of Principal Holding Company
Whose Subsidiaries are served by Reporting Company:
CENTRAL AND SOUTH WEST CORPORATION
<PAGE>
<PAGE>
Page 3
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing. --Rule 94 provides that on or before the first day of May in
each calendar year, each mutual service company and each subsidiary service
company as to which the Commission shall have made a favorable finding pursuant
to Rule 88, and every service company whose application for approval or
declaration pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instructions for that
form.
2. Number of Copies. --Each annual report shall be filed in duplicate. The
company should prepare and retain at least one extra copy for itself in case
correspondence with reference to the report becomes necessary.
3. Period Covered by Report. --The first report filed by any company shall cover
the period from the date the Uniform System of Accounts was required to be made
effective as to that company under Rules 82 and 93 to the end of that calendar
year. Subsequent reports should cover a calendar year.
4. Report Format. --Reports shall be submitted on the forms prepared by the
Commission. If the space provided on any sheet of such form is inadequate,
additional sheets may be inserted of the same size as a sheet of the form or
folded to each size.
5. Money Amounts Displayed. --All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of dollars
or in hundred thousands of dollars, as appropriate and subject to provisions of
Regulation S-X (210.3-01(b)).
6. Deficits Displayed. --Deficits and other like entries shall be indicated by
the use of either brackets or a parenthesis with corresponding reference in
footnotes. (Regulation S-X,210.3-01(c))
7. Major Amendments or Corrections. --Any company desiring to amend or correct a
major omission or error in a report after it has been filed with the Commission
shall submit an amended report including only those pages, schedules, and
entries that are to be amended or corrected. A cover letter shall be submitted
requesting the Commission to incorporate the amended report changes and shall be
signed by a duly authorized officer of the company.
8. Definitions. --Definitions contained in Instruction 01-8 to the Uniform
System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart. --The service company shall submit with each annual
report a copy of its current organization chart.
10. Methods of Allocation. --The service company shall submit with each annual
report a listing of the currently effective methods of allocation being used by
the service company and on file with the Securities and Exchange Commission
pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed. --The service
company shall submit with each annual report a copy of the annual statement
supplied to each associate company in support of the amount of compensation for
use of capital billed during the calendar year.
<PAGE>
Page 4a
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Page
Description of Schedules and Accounts Account Number Number
Comparative Balance Sheet Schedule I 5, 6
Service Company Property Schedule II 7
Accumulated Provision for Depreciation and Amortization
of Service Company Property Schedule III 8
Investments Schedule IV 9a
Accounts Receivable from Associate Companies Schedule V 9b
Fuel Stock Expenses Undistributed Schedule VI 10
Stores Expense Undistributed Schedule VII 10
Miscellaneous Current and Accrued Assets Schedule VIII 11
Miscellaneous Deferred Debits Schedule IX 11
Research, Development, or Demonstration Expenditures Schedule X 11
Proprietary Capital Schedule XI 12
Long-Term Debt Schedule XII 13
Current and Accrued Liabilities Schedule XIII 14a
Notes to Financial Statements Schedule XIV 14b
Comparative Income Statement Schedule XV 15
Analysis of Billing - Associate Companies Account 457 16
Analysis of Billing - Non Associate Companies Account 458 17
Analysis of Charges for Service - Associate and
Non Associate Companies Schedule XVI 18
Schedule of Expense by Department or Service Function Schedule XVII 19,20
Departmental Analysis of Salaries Account 920 21a
<PAGE>
Page 4b
Outside Services Employed Account 923 21b
Employee Pensions and Benefits Account 926 22a
General Advertising Expenses Account 930.1 22b
Miscellaneous General Expenses Account 930.2 23
Rents Account 931 23
Taxes Other Than Income Taxes Account 408 24a
Donations Account 426.1 24b
Other Deductions Account 426.5 25a
Notes to Statement of Income Schedule XVIII 25b
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Organization Chart 26a
Methods of Allocation 26b
Annual Statement of Compensation for Use of Capital Billed 26c
<PAGE>
Page 5
ANNUAL REPORT OF STP Nuclear Operating Company
SCHEDULE I - COMPARATIVE BALANCE SHEET
(thousands)
Give balance sheet of the Company as of December 31 of the current and prior
year.
AS OF AS OF
12/31/1999 12/31/98
ACCOUNT ASSETS AND OTHER DEBITS
SERVICE COMPANY PROPERTY
101 ELECTRIC PLANT IN SERVICE (Schedule II) $ -- $ --
106 COMPL CONSTR NOT CLASSIFIED -- --
101.1 PROPERTY UNDER CAPITAL LEASES -- --
105 ELECTRIC PLANT FOR FUTURE USE -- --
107 CONSTRUCTION WORK IN PROGRESS (Schedule II) -- --
120 NUCLEAR FUEL -- --
-------- --------
TOTAL PROPERTY -- --
108 ACCUM. PROV. FOR DEPRECIATION (Schedule III) -- --
120.5 ACCUM PROV FUEL AMORTIZATION -- --
-------- --------
NET SERVICE COMPANY PROPERTY -- --
INVESTMENTS
123 INVESTMENTS IN ASSOCIATE COMPANIES (Schedule IV) -- --
124 OTHER INVESTMENTS (Schedule IV) -- --
-------- --------
TOTAL INVESTMENTS -- --
CURRENT AND ACCRUED ASSETS
131 CASH -- --
134 SPECIAL DEPOSITS -- --
135 WORKING FUNDS -- --
136 TEMPORARY CASH INVESTMENTS -- --
141 NOTES RECEIVABLE -- --
142 CUSTOMER ACCOUNTS RECEIVABLE -- --
143 OTHER ACCTS RECEIVABLE -- --
144 ACCUMULATED PROVISIONS OF UNCOLLECTIBLE ACCOUNTS -- --
146 ACCTS REC ASSOC COMPANIES (Schedule V) 105,125 98,943
152 FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI) -- --
154 MATERIALS & OPERATING SUPPLIES -- --
163 STORES EXPENSE UNDISTRIBUTED (Schedule VII) -- --
165 PREPAYMENTS -- --
174 MISCELLANEOUS CURRENT AND
ACCRUED ASSETS (Schedule VIII) -- --
-------- --------
TOTAL CURRENT AND ACCRUED ASSETS 105,125 98,943
DEFERRED DEBITS
181 UNAMORTIZED DEBT EXPENSE -- --
184 CLEARING ACCOUNTS -- --
186 MISCELLANEOUS DEFERRED DEBITS (Schedule IX) -- --
188 RESEARCH & DEVELOPMENT SUMMARY (Schedule X) -- --
190 ACCUMULATED DEFERRED INCOME TAXES --
-------- --------
TOTAL DEFERRED DEBITS -- --
======== ========
TOTAL ASSETS AND OTHER DEBITS $ 105,125 $ 98,943
======== ========
<PAGE>
Page 6
ANNUAL REPORT OF STP Nuclear Operating Company
SCHEDULE I - COMPARATIVE BALANCE SHEET
(thousands)
AS OF AS OF
12/31/1999 12/31/98
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL
PROPRIETARY CAPITAL
201 COMMON STOCK ISSUED -- --
211 MISCELLANEOUS PAID-IN CAPITAL (Schedule XI) -- --
215 APPROPRIATED RETAINED EARNINGS (Schedule XI) -- --
216 UNAPPROPRIATED RETAINED EARNINGS (Schedule XI) -- --
-------- --------
TOTAL PROPRIETARY CAPITAL -- --
LONG-TERM DEBT
223 ADVANCES FROM ASSOCIATE COMPANIES (Schedule XII) -- --
224 OTHER LONG-TERM DEBT (Schedule XII) -- --
225 UNAMORTIZED PREMIUM ON LONG-TERM DEBT -- --
226 UNAMORTIZED DISCOUNT ON LONG-TERM DEBT -- --
227 CAPITAL LEASE LONG TERM -- --
-------- --------
TOTAL LONG-TERM DEBT -- --
228 OTHER NONCURRENT LIABILITIES 28,955 24,571
-------- --------
CURRENT AND ACCRUED LIABILITIES
228 OTHER CURRENT LIABILITIES 1,460 2,920
231 NOTES PAYABLE -- --
232 ACCOUNTS PAYABLE 52,954 51,062
233 NOTES PAYABLE TO ASSOCIATE COMPANIES (Schedule XIII) -- --
234 AP ASSOC COMPANIES SUMMARY (Schedule XIII) -- 27
236 TAXES ACCRUED 12 156
237 INTEREST ACCRUED -- --
238 DIVIDENDS ACCRUED -- --
241 TAX COLLECTIONS PAYABLE -- --
242 MISC. CURRENT & ACCRUED LIAB. (Schedule XIII) 19,759 18,054
243 CAPITAL LEASES - CURRENT -- --
265 INVENTORY ADJUSTMENT RESERVE -- --
-------- --------
TOTAL CURRENT AND ACCRUED LIABILITIES 74,185 72,219
DEFERRED CREDITS
253 OTHER DEFERRED CREDITS 1,986 2,153
255 ACCUMULATED DEFERRED INVESTMENTS TAX CREDITS -- --
262 ACCUM PROV INJURIES & DAMAGES -- --
-------- --------
TOTAL DEFERRED CREDITS 1,986 2,153
282 ACCUMULATED DEFERRED INCOME TAXES -- --
======== ========
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $ 105,125 $ 98,943
======== ========
<PAGE>
Page 7
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE II - SERVICE COMPANY PROPERTY
(thousands)
<TABLE>
<CAPTION>
DESCRIPTION BALANCE AT BALANCE AT
BEGINNING RETIREMENTS OTHER CLOSE OF
OF YEAR ADDITIONS OR SALES CHANGES YEAR
-------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ACCOUNT 101 - ELECTRIC PLANT IN SERVICE $ -- $ -- $ -- $ -- $ --
ACCOUNT 107 - CONSTRUCTION WORK IN PROGRESS -- -- -- -- --
===================================================================
TOTAL $ -- $ -- $ -- $ -- $ --
===================================================================
</TABLE>
<PAGE>
Page 8
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE III - ACCUMULATED PROVISION FOR
DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY
(thousands)
<TABLE>
<CAPTION>
BALANCE AT BALANCE AT
BEGINNING RETIREMENTS OTHER CLOSE OF
DESCRIPTION OF YEAR ADDITIONS OR SALES CHANGES YEAR
- ----------- -------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
ACCOUNT 108 - ACCUM. PROV. FOR DEPRECIATION $ -- $ -- $ -- $ -- $ --
===================================================================
TOTAL $ -- $ -- $ -- $ -- $ --
===================================================================
</TABLE>
<PAGE>
Page 9a
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE IV - INVESTMENTS
(thousands)
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124 "Other Investments", state each investment separately, with
description, including the name of issuing company, number of shares or
principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each investment
separately.
BALANCE AT BALANCE AT
BEGINNING CLOSE OF
DESCRIPTION OF YEAR YEAR
------------- ------------
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES $-- $--
ACCOUNT 124 - OTHER INVESTMENTS -- --
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS -- --
============= ============
TOTAL $-- $--
============= ============
<PAGE>
Page 9b
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
(thousands)
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided accommodation or
convenience payments for associate companies, a separate listing of total
payments for each associate company by sub account should be provided.
BALANCE AT BALANCE AT
BEGINNING CLOSE OF
OF YEAR YEAR
------------ ------------
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
CITY OF AUSTIN $ 15,817 $ 16,810
CENTRAL POWER AND LIGHT COMPANY 24,904 26,500
CITY OF SAN ANTONIO 27,756 29,431
RELIANT ENERGY 30,466 32,385
------------ ------------
TOTAL $ 98,943 $ 105,125
============ ============
<PAGE>
Page 10
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
(in thousands)
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
fuel stock expenses during the year and indicate amount attributable to each
associate company. Under the section headed "Summary" listed below give an
overall report of the fuel functions performed by the service company.
DESCRIPTION LABOR EXPENSE TOTAL
-------- ------- -------
ACCOUNT 152 - FUEL STOCK UNDISTRIBUTED $ -- $ -- $ --
-------- ------- -------
TOTAL $ -- $ -- $ --
======== ======= =======
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
(thousands)
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable to each
associate company.
DESCRIPTION LABOR EXPENSE TOTAL
-------- ------- -------
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED
CITY OF AUSTIN $ 306 $ 237 $ 543
CENTRAL POWER AND LIGHT COMPANY 482 374 855
RELIANT ENERGY 589 457 1,045
CITY OF SAN ANTONIO 535 415 950
-------- ------- -------
TOTAL $1,911 $1,483 $3,394
======== ======= =======
Stores expense undistributed is charged to account 163 and billed to associated
companies as incurred.
<PAGE>
Page 11
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE VIII - MISCELLANEOUS CURRENT AND ACCRUED ASSETS
(thousands)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING OF YEAR CLOSE OF YEAR
--------------------------------------
ACCOUNT 174 - MISCELLANEOUS CURRENT AND
ACCRUED ASSETS $ -- $ --
--------------------------------------
TOTAL $ -- $ --
======================================
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
(thousands)
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class, showing the number of items in each class.
BALANCE AT BALANCE AT
DESCRIPTION BEGINNING OF YEAR CLOSE OF YEAR
--------------------------------------
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS $ -- $ --
--------------------------------------
TOTAL $ -- $ --
======================================
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
(thousands)
INSTRUCTIONS: Provide a description of each material research, development,
or demonstration project which incurred costs by the service corporation during
the year.
DESCRIPTION AMOUNT
-------------------
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR
DEMONSTRATION EXPENDITURES $ --
-------------------
TOTAL $ --
===================
<PAGE>
Page 12
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XI - PROPRIETARY CAPITAL
(dollars in thousands except per share amounts)
<TABLE>
<CAPTION>
ACCOUNT NUMBER OF SHARES PAR OR STATED OUTSTANDING AT CLOSE OF PERIOD
NUMBER CLASS Of STOCK AUTHORIZED VALUE PER SHARE NO. OF SHARES TOTAL AMOUNT
- ----------------------------------- ---------------- --------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
ACCOUNT 201 COMMON STOCK ISSUED -- $ -- -- $ --
<FN>
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general nature of transactions
which give rise to the reported amounts.
</FN>
</TABLE>
DESCRIPTION AMOUNT
- --------------- ----------
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL $ --
ACCOUNT 215 - APPROPRIATE EARNINGS --
----------
TOTAL $ --
==========
INSTRUCTIONS: Give particulars concerning net income or (loss) during the
year, distinguishing between compensation for the use of capital owned or
net loss remaining from servicing non associates per the General
Instructions of the Uniform System of Accounts. For dividends paid during
the year in cash or otherwise, provide rate percentage, amount of dividend,
date declared and date paid.
<TABLE>
<CAPTION>
BALANCE AT NET INCOME OR BALANCE AT
DESCRIPTION BEGINNING OF YEAR (LOSS) DIVIDENDS PAID CLOSE OF YEAR
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS $ -- $ -- $ -- $ --
----------------------------------------------------------------
TOTAL $ -- $ -- $ -- $ --
================================================================
</TABLE>
<PAGE>
Page 13
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XII - LONG-TERM DEBT
(thousands)
INSTRUCTIONS: Advances from associate companies should be reported separately
for advances on notes and advances on open accounts. Names of associate
companies from which advances were received shall be shown under the class and
series of obligation column. For Account 224 - Other long-term debt provide the
name of creditor company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and outstanding.
<TABLE>
<CAPTION>
TERM OF OBLIGATION BALANCE AT BALANCE AT
CLASS $ SERIES OF DATE OF INTEREST AMOUNT BEGINNING CLOSE OF
NAME OF CREDITOR OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS DEDUCTIONS YEAR
- ---------------- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ACCOUNT 223 -
ADVANCES FROM ASSOCIATE COMPANIES -- -- -- $ -- $ -- $ -- $ -- $ --
ACCOUNT 224 -
OTHER LONG-TERM DEBT -- -- -- -- -- -- -- --
-------------------------------------------------------
TOTAL $ -- $ -- $ -- $ -- $ --
=======================================================
</TABLE>
<PAGE>
Page 14a
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
(thousands)
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current and accrued
liabilities. Items less than $10,000 may be grouped, showing the number of items
in each group.
BALANCE AT BALANCE AT
BEGINNING CLOSE
OF YEAR OF YEAR
DESCRIPTION ---------------------------
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES $ -- $ --
---------------------------
TOTAL $ -- $ --
===========================
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE COMPANIES
CITY OF AUSTIN $ -- $ --
CENTRAL POWER AND LIGHT COMPANY -- --
CITY OF SAN ANTONIO -- --
RELIANT ENERGY 27 --
---------------------------
TOTAL $ 27 $ --
===========================
ACCOUNT 242 - MISCELLANEOUS CURRENT AND ACCRUED LIABILITIES
Spent Fuel Disposal - DOE $ 4,347 $ 4,279
Decontamination/Decommissionin 2,014 2,059
Benefits Accrual 1,943 1,943
EICP Liability 2,536 2,462
ICP Liability 6,886 5,964
Severance/Early Retire Liab -- 2,704
Misc. NRC Fees 328 348
---------------------------
TOTAL $ 18,054 $ 19,759
===========================
<PAGE>
Page 14b
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars as to any
significant contingent assets or liabilities existing at the end of the year.
Notes relating to financial statements shown elsewhere in this report may be
indicated here by reference.
1. Summary of Significant Accounting Policies
Basis of Accounting and Account Classifications
The accounting records of STP Nuclear Operating Company are maintained on the
accrual basis of accounting, as required by generally accepted accounting
principles. Certain items including, but not limited to, project financing, ad
valorem taxes, depreciation, and decommissioning expensese are recorded in each
owners' accounting records.
The accounting records are also maintained and the accompanying amounts are
classified in accordance with the Participation Agreement and the Federal Energy
Regulatory Commission's "Uniform System of Accounts Prescribed for the Public
Utilities and Licensees" as adopted by the Public Utility Commission of Texas.
All costs are reflected at 100% for the project. STP Nuclear Operating Company
has no ownership interests in any of the project assets.
<PAGE>
Page 15
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XV - COMPARATIVE INCOME STATEMENT
(thousands)
CURRENT PRIOR
ACCOUNT DESCRIPTION YEAR YEAR
-------------------
INCOME
457 SERVICES RENDERED TO ASSOCIATE COMPANIES $339,721 $336,895
458 SERVICES RENDERED TO NON ASSOCIATE COMPANIES -- --
419 INTEREST AND DIVIDEND INCOME -- --
421 MISCELLANEOUS INCOME OR LOSS 7 12
-----------------------
TOTAL INCOME 339,728 336,907
-----------------------
EXPENSES
500-557 POWER PRODUCTION $269,814 $268,089
560-574 TRANSMISSION 802 193
580-598 DISTRIBUTION -- --
906-917 CUSTOMER SERVICE & INFORMATION -- --
920 ADMIN & GENERAL SALARIES 17,870 16,502
921 OFFICE SUPPLIES & EXPENSES 4,073 4,163
922 ADMIN EXPENSES TRANSFERRED -- (505)
923 OUTSIDE SERVICES EMPLOYED 4,816 8,836
924 PROPERTY INSURANCE 1,660 2,242
925 INJURIES & DAMAGES 4,152 1,401
926 EMPLOYEE PENSIONS & BENEFITS 20,707 19,849
928 REGULATORY COMMISSION EXPENSE -- --
930.1 GENERAL ADVERTISING -- 10
930.2 MISCELLANEOUS GENERAL EXPENSES 3,336 3,376
931 RENTS -- 0
932 MAINTENANCE OF GENERAL PLANT -- --
933 UNIDENTIFIABLE OPERATING EXP -- --
935 MAINTENANCE OF GENERAL PLANT 5,306 5,162
403-405 DEPRECIATION AND AMORTIZATION EXPENSE -- --
408 TAXES OTHER THAN INCOME 7,057 7,589
417 REVENUES - NON-UTILITY OPS -- --
426.1 DONATIONS 11 --
426.3 PENALTIES -- --
426.4 CIVIC, POLITICAL AND RELATED EXPENDITURES 126 --
435 EXTRAORDINARY DEDUCTIONS -- --
-----------------------
TOTAL EXPENSES 339,728 336,907
-----------------------
NET INCOME OR (LOSS) $ -- $ --
=======================
<PAGE>
Page 16
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
ANALYSIS OF BILLING
ASSOCIATE COMPANIES - ACCOUNT 457
(thousands)
<TABLE>
<CAPTION>
COMPENSATION
DIRECT COSTS INDIRECT COSTS FOR USE OF TOTAL AMOUNT
NAME OF ASSOICATE COMPANY CHARGED CHARGED CAPITAL BILLED
457 - 1 457 - 2 457 - 3
<S> <C> <C> <C> <C>
RELIANT ENERGY $ 86,244 $18,460 $-- $104,704
CENTRAL POWER AND LIGHT COMPANY 70,424 15,104 -- 85,527
CITY OF AUSTIN 44,750 9,590 -- 54,340
CITY OF SAN ANTONIO 78,368 16,782 -- 95,150
------------------------------------------------------------
TOTAL $279,786 $59,935 $-- $339,721
============================================================
</TABLE>
<PAGE>
Page 17
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
ANALYSIS OF BILLING
NON ASSOCIATE COMPANIES - ACCOUNT 458
(thousands)
INSTRUCTION: Provide a brief description of the services rendered to
each non associate company:
<TABLE>
<CAPTION>
COMPENSATION TOTAL
DIRECT COSTS INDIRECT COSTS FOR USE OF EXCESS OR AMOUNT
NAME OF NON ASSOCIATE COMPANY CHARGED CHARGED CAPITAL TOTAL COST DEFICIENCY BILLED
458 - 1 458 - 2 458 - 3 458 - 4
<S> <C> <C> <C> <C> <C> <C>
NONE $ -- $ -- $ -- $ -- $ -- $ --
------------------------------------------------------------------------------
TOTAL $ -- $ -- $ -- $ -- $ -- $ --
==============================================================================
</TABLE>
<PAGE>
Page 18
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NON ASSOCIATE COMPANIES
(thousands)
Instruction: Total cost of service will equal for associate and
non-associate companies the total amount billed under their separate analysis of
billing schedules.
<TABLE>
<CAPTION>
NON ASSOCIATE
ASSOCIATE COMPANY CHARGES COMPANY CHARGES TOTAL CHARGES FOR SERVICE
--------------------------- ------------------------ ---------------------------
DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT
ACCOUNT DESCRIPTION OF ITEMS COSTS COSTS TOTAL COSTS COSTS TOTAL COSTS COSTS TOTAL
------- -------------------- --------------------------- ------------------------ ---------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
500-557 PRODUCTION OPERATIONS EXPENSE $245,500 $ 24,314 $269,814 $-- $-- $-- $245,500 $24,314 $269,814
560-574 TRANSMISSION OPERATION EXPENSE 802 0 802 -- -- -- 802 0 802
580-598 DISTRIBUTION -- -- -- -- -- -- -- -- --
906-917 CUSTOMER SERVICE & INFORMATION -- -- -- -- -- -- -- -- --
920 ADMIN & GENERAL SALARIES 11,451 6,418 17,870 -- -- -- 11,451 6,418 17,870
921 OFFICE SUPPLIES & EXPENSES 2,650 1,423 4,073 -- -- -- 2,650 1,423 4,073
922 ADMIN EXPENSES TRANSFERRED -- -- -- -- -- -- -- -- --
923 OUTSIDE SERVICES EMPLOYED 4,637 179 4,816 -- -- -- 4,637 179 4,816
924 PROPERTY INSURANCE 1,660 -- 1,660 -- -- -- 1,660 -- 1,660
925 INJURIES & DAMAGES 4,152 -- 4,152 -- -- -- 4,152 -- 4,152
926 EMPLOYEE PENSIONS & BENEFITS 163 20,543 20,707 -- -- -- 163 20,543 20,707
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- -- -- -- --
930.1 GENERAL ADVERTISING -- -- -- -- -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 3,336 0 3,336 -- -- -- 3,336 0 3,336
931 RENTS -- -- -- -- -- -- -- -- --
932 MAINTENANCE OF GENERAL PLANT -- -- -- -- -- -- -- -- --
933 UNIDENTIFIABLE OPERATING EXP -- -- -- -- -- -- -- -- --
935 MAINTENANCE OF GENERAL PLANT 5,305 0 5,306 -- -- -- 5,305 0 5,306
403-405 DEPRECIATION AND AMORTIZATION EXPENSE -- -- -- -- -- -- -- -- --
408 TAXES OTHER THAN INCOME -- 7,057 7,057 -- -- -- -- 7,057 7,057
426.1 DONATIONS 11 -- 11 -- -- -- 11 -- 11
426.3 PENALTIES -- -- -- -- -- -- -- -- --
426.4 CIVIC, POLITICAL, AND
RELATED EXPENDITURES 126 -- 126 -- -- -- 126 -- 126
435 EXTRAORDINARY DEDUCTIONS -- -- -- -- -- -- -- -- --
421 MISCELLANEOUS INCOME OR LOSS (7) -- (7) -- -- -- (7) -- (7)
-------------------------------------------------------------------------------------
TOTAL EXPENSES 279,786 59,935 339,721 -- -- -- 279,786 59,935 339,721
-------------------------------------------------------------------------------------
COMPENSATION FOR USE OF EQUITY CAPITAL -- -- -- -- -- -- -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES -- -- -- -- -- -- -- -- --
-------------------------------------------------------------------------------------
TOTAL COST OF SERVICE $279,786 $ 59,935 $339,721 $-- $-- $-- $279,786 $59,935 $339,721
=====================================================================================
</TABLE>
<PAGE>
Page 19
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XVII - SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION
(thousands)
Instruction: Indicate each department or service function.
(See Instruction 01-3 General Structure of Accounting System:
Uniform System of Accounts).
<TABLE>
<CAPTION>
DEPARTMENT OR SERVICE FUNCTION
-----------------------------------------------------------
V.P. V.P.
ACCOUNT DESCRIPTION OF ITEMS TOTAL PRESIDENT BUSINESS NUCLEAR NUCLEAR CORPORATE
- ------- -------------------- AMOUNT OVERHEAD & CEO SERVICES ENGINEERING GENERATION COSTS
--------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
500-557 PRODUCTION OPERATIONS EXPENSE $269,814 $-- $ 439 $ 89,842 $60,052 $105,294 $14,187
560-574 TRANSMISSION OPERATION EXPENSE 802 -- -- -- 27 775 0
580-598 DISTRIBUTION -- -- -- -- -- -- --
906-917 CUSTOMER SERVICE & INFORMATION -- -- -- -- -- -- --
920 ADMIN & GENERAL SALARIES 17,870 -- 1,254 10,096 691 401 5,428
921 OFFICE SUPPLIES & EXPENSES 4,073 -- 126 3,682 314 29 (77)
922 ADMIN EXPENSES TRANSFERRED -- -- -- -- -- -- --
923 OUTSIDE SERVICES EMPLOYED 4,816 -- 943 3,084 733 16 40
924 PROPERTY INSURANCE 1,660 -- -- -- 1,660 -- --
925 INJURIES & DAMAGES 4,152 -- -- 83 1,207 -- 2,861
926 EMPLOYEE PENSIONS & BENEFITS 20,707 -- 253 2,823 3,251 6,044 8,336
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- -- --
930.1 GENERAL ADVERTISING -- -- -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 3,336 -- -- 21 3,211 -- 105
931 RENTS -- -- -- -- -- -- --
932 MAINTENANCE OF GENERAL PLANT -- -- -- -- -- -- --
933 UNIDENTIFIABLE OPERATING EXP -- -- -- -- -- -- --
935 MAINTENANCE OF GENERAL PLANT 5,306 -- -- 5,144 111 38 12
403-405 DEPRECIATION AND AMORTIZATION EXPENSE -- -- -- -- -- -- --
408 TAXES OTHER THAN INCOME 7,057 -- -- -- -- -- 7,057
417 REVENUES - NON-UTILITY OPS -- -- -- -- -- -- --
426.1 DONATIONS 11 -- -- 11 -- -- --
426.3 PENALTIES -- -- -- -- -- -- --
426.4 CIVIC, POLITICAL AND RELATED EXEPNDITURES 126 -- -- -- 126 -- --
434 EXTRAORDINARY INCOME -- -- -- -- -- -- --
435 EXTRAORDINARY DEDUCTIONS -- -- -- -- -- -- --
--------------------------------------------------------------------------
TOTAL EXPENSES $339,728 $-- $3,014 $114,785 $71,383 $112,597 $37,949
==========================================================================
</TABLE>
<PAGE>
Page 20
THIS PAGE INTENTIONALLY LEFT BLANK
<PAGE>
Page 21a
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
DEPARTMENTAL ANALYSIS OF SALARIES - ACCOUNT 920
(thousands)
<TABLE>
<CAPTION>
DEPARTMENTAL SALARY EXPENSE
-------------------------------------------------------------
NAME OF DEPARTMENT INCLUDE IN AMOUNTS BILLED TO
------------------------------------------- NUMBER OF
INDICATE EACH DEPARTMENT OR TOTAL ASSOCIATE OTHER NON PERSONNEL
SERVICE FUNCTION AMOUNT COMPANY ASSOCIATES ASSOCIATES END OF YEAR
- -------------------------------------- --------------- --------------- --------------- ------------ -------------
<S> <C> <C> <C> <C> <C>
EXECUTIVE VP/GM NUCLEAR $ 1,596 $ 1,596 11
BUSINESS SERVICES 20,356 20,356 327
ENGINEERING & TECHNICAL SERVICES 25,808 25,808 379
NUCLEAR GENERATION 50,647 50,647 702
CORPORATE COST 9,327 9,327 0
-------------------------------------------------------------------------
TOTAL $107,734 $107,734 $-- $-- 1,419
=========================================================================
</TABLE>
These amounts may include charges to accounts throughout the Income Statement
and Balance Sheet. Therefore, they cannot be identified in total with any
particular line on Schedule XIV, but are distributed among various lines.
<PAGE>
Page 21b
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
OUTSIDE SERVICES EMPLOYED
(thousands)
INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate
amounts paid to any one payee and included within one category is less than
$100,000, only the aggregate number and amount of all such payments included
within the sub account need be shown. Provide a brief description of the service
rendered by each vendor listed.
FROM WHOM PURCHASED SERVICE PROVIDED AMOUNT
- ------------------------------------ -----------------------------------------
PriceWaterhouse Coopers LLP Miscellaneous Accounting Support $ 298
Actuarial Sciences Associates, Inc. Nuclear Benefits Management 207
Bechtel Energy Corporation Steam Generator Work 21,443
Bradley's Inc. Condensate Motor's
Preventive Maintenance 148
Elevator Maintenance Company Facilities Services 130
Enercon Services Steam Generator Work 127
Furmanite America, Inc. Unit 1 Outage Work 379
Hurst Technologies Setpoint and Scaling Program 267
Hurst Technologies Replace Vibration Monitoring System 260
Hurst Technologies Upgrade Recorders U1 Control Room 116
Institute of Nuclear Power Operations Licensing Regulatory Support 154
King Fisher Marine Services Inc. Steam Generator Work 457
King Fisher Marine Services Inc. Service Request Maintenance 220
Enertech Incorporate Subsection IWE/EL 100
National Inspection & Consultants Steam Generator Work 134
NES Scientech Steam Generator Work 392
Oracle Corporation NIS Support and Service 404
Sorrento Electronics, Inc. Material Recovery Program 110
Westinghouse Electric Corporation Unit 2 Outage Work 6,447
Westinghouse Electric Corporation Unit 1 Outage Work 9,268
Westinghouse Electric Corporation O&M - Project Engineering 413
Westinghouse Electric Corporation Steam Generator Work 584
Westinghouse Electric Corporation Replace Obsolete Safety
Related Transmitters 275
Westinghouse Electric Corporation Design Document Database 182
Zetec, Inc. Unit 1 Outage Work 128
Associated Engineering Resource Graded Quality Assurance 147
AMS-American Management System Material Management System 3,419
Baker & Botts, LLP Miscellaneous Legal Services 224
Baker & Botts, LLP Nuclear Benefits Management 185
Danka Office Services 549
Enertech Surveillance Testing 163
Eaton Corporation 480 Volt Breaker 154
EQE International Nuclear Probablistic Safety Program 117
Framatome Technologies, Inc. Unit 1 Outage Work 780
Framatome Technologies, Inc. Unit 2 Outage Work 576
High Tech Document Services, Inc. Optical Disk Storage 306
Hitachi Credit America Corporation NIS Support and Service 239
Ingersoll-Dresser Pumps Co. Capital Spares Refurbishment 129
Morgan, Lewis & Bockius,LLP Miscellaneous Legal Services 545
Matthews and Branscomb Miscellaneous Legal Services 369
Nilsson Professional Consultants Human Resource Management 172
Peoplesoft, Inc. NIS Support and Service 135
PARS Sytems Upgrade Fuel Transfer System 350
RHR International Human Resource Management 173
Raytheon Engineering &
Constructors, Inc. Steam Generator Work 189
Raytheon Engineering &
Constructors, Inc. Refueling Machine Replacement 413
Reliant Energy NIS Support and Service 1,482
Westinghouse Electric Corporation Material Recovery Program 225
Westinghouse Electric Corporation Reactor Coolant Pump
Motor Refurbishment 239
Sunstates Maintenance Building Services 2,233
Sunstates Maintenance Unit 1 Outage Work 120
Sequent Computer Systems, Inc. NIS Support and Service 320
Southwestern Bell NIS Support and Service 112
Sungard Recovery Services, Inc. NIS Support and Service 125
Schulz Electric Co. Circulating Water Pump
Motor Maintenance 386
Schulz Electric Co. Material Recovery Program 185
Siemens Westinghouse Power Corp. Unit 1 Outage Work 4,556
Siemens Westinghouse Power Corp. Unit 2 Outage Work 6,021
T Systems Corp. Timekeeping 159
The Center for Occupational &
Corporate Nuclear Benefits Management 111
Waste Management of South Texas Facilities Services 104
Westinghouse Electric Corporation Reactor Coolant Pump
Motor Refurbishment 635
Other Vendors Miscellaneous Activities 10,246
-------
Total Outside Services $79,234
=======
These accounts summarize all outside services employed and may include
charges to accounts throughout the Income Statement and Balance Sheet.
Therefore, they can't be identified with any particular line on Schedule
XIV.
<PAGE>
Page 22a
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
EMPLOYEE PENSIONS AND BENEFITS - ACCOUNT 926
(thousands)
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be limited to $25,000.
DESCRIPTION AMOUNT
- ----------- -------
Medical (1) $ 6,957
Dental (1) 705
Life Insurance 141
Long Term Disability 332
Accidental Death & Dismemberment 17
Vision (28)
Severance Accrual Associated with COBRA Subsidy 543
Severance Accruals 2,007
Pension 3,313
Fas 106 2,543
Savings Plan (1) 4,005
Deferred Compensation 43
Fas 112 268
Executive Benefit Expense 307
Administrative Expense 68
Capitalized Benefits (689)
Paid Absences --
Employee Benefits Adjustments 138
Other 37
-------
TOTAL $20,707
=======
(1) Includes related administrative expense
<PAGE>
Page 22b
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
GENERAL ADVERTISING EXPENSE - ACCOUNT 930.1
(thousands)
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according to the nature of
the advertising and as defined in the account definition. If a particular class
includes an amount in excess of $3,000 applicable to a single payee, show
separately the name of the payee and the aggregate amount applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT
----------
None --
----------
TOTAL $--
==========
<PAGE>
Page 23
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
MISCELLANEOUS GENERAL EXPENSES - ACCOUNT 930.2
(thousands)
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses" classifying such expenses according to their
nature. Payments and expenses permitted by Section 321 (b)(2) of the Federal
Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441
(b)(2)) shall be separately classified.
DESCRIPTION AMOUNT
Company Membership Fees and Dues $ 3,042
Organizational Sponsorship 0
Bank Fees 15
Miscellaneous 279
-------
TOTAL $ 3,336
=======
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
RENTS - ACCOUNT 931
(thousands)
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as defined in the
account definition of the Uniform System of Accounts.
PROPERTY AMOUNT
-------
None --
-------
TOTAL $--
=======
<PAGE>
Page 24a
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
TAXES OTHER THAN INCOME TAXES - ACCOUNT 408
(thousands)
INSTRUCTIONS: Provide an analysis of Account 408 "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than U.S. Government
taxes, and (2) U.S. Government taxes. Specify each of the various kinds of taxes
and show the amounts thereof. Provide a subtotal for each class of tax.
DESCRIPTION AMOUNT
- ----------- ------
OTHER THAN US GOVERNMENT TAXES
STATE UNEMPLOYMENT TAXES $ (293)
------
SUBTOTAL (293)
------
US GOVERNMENT TAXES
SOCIAL SECURITY TAXES 7,537
FEDERAL UNEMPLOYEMENT TAXES 83
------
SUBTOTAL 7,620
------
------
PAYROLL TAXES CAPITALIZED (271)
------
TOTAL $7,056
======
<PAGE>
Page 24b
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
DONATIONS - ACCOUNT 426.1
(thousands)
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The aggregate number and
amount of all items of less than $3,000 may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
- ----------------- ------------------- ------
Matagorda County United Way Corporate Contribution $ 10
Bay City High School Sponsorship 0
Literacy Volunteer Corporate Contribution 1
------
TOTAL $ 11
======
<PAGE>
Page 25a
ANNUAL REPORTS OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
OTHER DEDUCTIONS - ACCOUNT 426.5
(thousands)
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5,
"Other Deductions", classifying such expenses according to their nature.
DESCRIPTION NAME OF PAYEE AMOUNT
- ----------- ------------- -----------
None $--
-----------
TOTAL $--
===========
<PAGE>
Page 25b
ANNUAL REPORT OF STP Nuclear Operating Company
For the Year Ended December 31, 1999
SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars as to any
significant increase in services rendered or expenses incurred during the year.
Notes relating to financial statements shown elsewhere in this report may be
indicated here by reference.
Benefits
STPNOC maintains various welfare and retirement plans for its employees.
STPNOC offers welfare plans such as medical, life insurance, and vision coverage
with an employee option to choose among various deductibles, co-payments and
employee preumiums. Retirees, who are age 55, with at least five years of
service after age 50, are eligible for continued medical coverage and reduced
life insurance coverage.
STPNOC provides a savings plan that generally matches 70% of the first six
percent of an employee's salary contributed to the plan. Employee's interest in
STPNOC matching contribution begins to vest after two years of service, and is
fully vested after six years of service.
In addition to the savings plan, STPNOC offers a non-contributory pension plan
to its employees. This plan is a final average pay plan and is based upon the
highest consecutive 36 months base pay out of the final 120 months of service.
This plan pays at a rate of 1.5% per year of service (up to 35 years of
service), plus an additional .44% per year of service by the amount which an
employees final average pay exceeds the Social Security average wage base. An
employee vests in the pension plan after five years of service, and is eligible
for full benefits at age 65 (or age 60 with 30 years of service). Reduced
benefits are availalble for retirees who are at least age 55.
<PAGE>
Page 26a
STP NUCLEAR OPERATING COMPANY
---------------------
| President & Chief |
| Executive Officer |
| W.T. Cottle |
---------------------
|
|
Liaison Co-Owner-------|---------Executive Secretary
Anup K Khosla | L. J. Rittenberry
|
|
|
|
|
|
|
---------------------------------------------------------------
| | | |
| | | |
- ------------------ -------------------- --------------------- ----------------
| Vice President | | VP Engineering & | | Vice President | |Mgr Safety Qual|
|Business Services| |Technical Services| | Generation | |Concerns Prog |
|Florence K Mangan| |James Joe Sheppard| | Ted H Cloninger | |David L Cobb |
- ------------------ -------------------- --------------------- -----------------
<PAGE>
Page 26b
ANNUAL REPORT OF STP Nuclear Operating Company
METHODS OF ALLOCATION
Central and South West Services, Inc. requested and the Securities and
Exchange Commission granted on September 30, 1997, the following allocation
factors:
1. In accordance with an Owner's ownership percentage,
2. In accordance with an Owner's share of net electric power generation sold
from STP during a specified period of time (measured in kilowatt hours)
expressed as a portion of the total net electric power generation sold from
STP for the same period (measured in net kilowatt hours) and,
3. Under certain circumstances when less than all Owners are involved and no
other method of allocation is practicable, costs may be divided evenly
among those Owners who benefit from the activites for which costs have been
incurred.
<PAGE>
Page 26c
ANNUAL REPORT OF STP Nuclear Operating Company
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
Not Applicable
<PAGE>
Page 27
ANNUAL REPORT OF STP Nuclear Operating Company
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and Exchange
Commission issued thereunder, the undersigned company has duly caused this
report to be signed on its behalf by the undersigned officer thereunto duly
authorized.
STP Nuclear Operating Company
------------------------------------------------
(Name of Reporting Company)
By: /s/ F. K. Mangan
------------------------------------------------
(Signature of Signing Officer)
F.K. Mangan Vice President Business Services
------------------------------------------------
(Printed Name and Title of Signing Officer)
Date: 04/25/2000
----------
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0001047352
<NAME> STP NUCLEAR OPERATING COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 0
<TOTAL-INVESTMENTS> 0
<TOTAL-CURRENT-ASSETS> 105,125
<TOTAL-DEFERRED-DEBITS> 0
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 105,125
<TOTAL-PROPRIETARY-CAPITAL> 0
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 74,185
<TOTAL-DEFERRED-CREDITS> 1,986
<DEFERRED-INCOME-TAX> 0
<TOT-LIABIL-AND-PROPRIET-CAP> 105,125
<SERVICES-ASSOCIATE-COMPANIES> 339,721
<SERVICES-NON-ASSOCIATE-COMP> 0
<MISC-INCOME-OR-LOSS> 7
<TOTAL-INCOME> 339,728
<SALARIES-AND-WAGES> 107,734
<EMPLOYEE-PENSION-AND-BENEFIT> 20,707
<OTHER-EXPENSES> 211,287
<TOTAL-EXPENSES> 339,728
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 279,786
<TOTAL-EXPENSES-INDIRECT-COST> 59,935
<TOT-EXP-DIRECT-AND-INDIRECT> 339,721
<PERSONNEL-END-OF-YEAR> 1,419
</TABLE>
