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Previous: ALLEGHENY ENERGY SOLUTIONS INC, U-9C-3, EX-99, 2000-08-29 |
Next: ALLEGHENY ENERGY SOLUTIONS INC, U-9C-3, EX-99, 2000-08-29 |
<PAGE>
ALLEGHENY ENERGY SOLUTIONS, INC.
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED JUNE 30, 2000
Six Months Ended
June 30
2000* 1999
Cash Flows from Operations:
Net Income (Loss) (80,554) (301,430)
Depreciation 0 0
Deferred income taxes 0 355,380
Changes in certain current assets
and liabilities:
Accounts receivable (531,923) 3,502,348
Materials and supplies (41,490) 0
Accounts payable 289,808 (2,610,338)
Taxes accrued 167,084 (1,215,701)
Interest accrued 0 0
Deferred charges 5,385 (273)
Other, net (9,785) (826,008)
(201,475) (1,096,021)
Cash Flows from Investing:
Construction expenditures (18,963) 19,877
Nonutility investments (261,065) 0
(280,028) 19,877
Cash Flows from Financing:
Parent company contribution 1,209,347 2,100,000
Notes payable 0 (1,000,000)
1,209,347 1,100,000
Net Change in Cash:
Cash and temporary investments
at January 1 243,710 197,163
Cash and temporary investments
at June 3 971,554 221,019
$727,844 $23,856
*Nature of Company operations changed on January 1, 2000.
Unaudited
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