WEST PENN FUNDING LLC
Balance Sheet
(Thousands of Dollars)
June 30, December 31,
2000 1999
ASSETS:
Current Assets:
Cash and temporary cash investments $0 $1,003
Accounts receivable from parent 14,852 7,474
Restricted funds 108 3,006
Intangible transition property 54,665 52,779
69,625 64,262
Noncurrent Assets:
Intangible transition property 510,738 539,838
Unamortized debt issuance expense 5,172 4,453
515,910 544,291
Total Assets $585,535 $608,553
LIABILITIES AND MEMBER'S EQUITY:
Current Liabilities:
Long-term debt due within one year $60,083 $49,734
Accounts payable to parent 1,421 633
Federal and state income taxes accrued 146 4
Interest accrued 653 4,944
62,303 55,315
Long-term Debt, net of discount 520,203 550,207
Member's Equity 3,029 3,031
Total Liabilities and Member's Equity $585,535 $608,553
See accompanying notes to financial statements.
