File No. 69-351
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-3A-2
Amendment Number 1
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
DUKE POWER COMPANY
hereby files (on behalf of itself and all of the members of its
consolidated group as described herein) with the Securities and
Exchange Commission, pursuant to Rule 2, Amendment No. 1 to 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:
Exhibit A to this Form U-3A-2 is hereby amended by adding
thereto Exhibits A-5 and A-6, attached.
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The above-named Claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 20th day
of May, 1994.
DUKE POWER COMPANY
By: Ellen T. Ruff
Ellen T. Ruff, Secretary
and Deputy General Counsel
{CORPORATE SEAL}
ATTEST:
Brenda M. Atchley
Name, title and address of officer to whom notices and
correspondence concerning this statement should be addressed:
Ellen T. Ruff
Secretary and Deputy General Counsel
Duke Power Company PB05E
422 South Church Street
Charlotte, North Carolina 28242-0001
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EXHIBIT A
A consolidating statement of income and surplus of the
Claimant and its subsidiary companies for the last calendar year,
together with a consolidating balance sheet of the Claimant and its
subsidiary companies as of the close of such calendar year.
* Exhibit A-1 - Consolidated Statements of Income and Retained
Earnings of Duke Power Company for 1993 and
Consolidated Balance Sheet of Duke Power Company
as of December 31, 1993.
* Exhibit A-2 - Unconsolidated Statements of Income and Retained
Earnings of Duke Power Company for 1993 and
Unconsolidated Balance Sheet of Duke Power
Company as of December 31, 1993.
* Exhibit A-3 - Statements of Income and Retained Earnings of
Nantahala Power and Light Company for 1993 and
Balance Sheet of Nantahala Power and Light
Company as of December 31, 1993.
* Exhibit A-4 - Unconsolidated Statements of Income and Retained
Earnings of Church Street Capital Corp. for 1993
and Unconsolidated Balance Sheet of Church Street
Capital Corp. as of December 31, 1993.
Exhibit A-5 - Balance Sheets of Foreign Utility Companies
Wholly-Owned by Claimant as of December 31,
1993 and Income Statements of Foreign
Utility Companies Wholly-Owned by Claimant
for 1993.
Exhibit A-6 - Duke Power Company - Capitalization of
Foreign Utility Companies as of
December 31, 1993.
*Included in Form U-3A-2 for the year ended December 31, 1993,
filed February 28, 1994. <PAGE>
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Exhibit A-5
Page 1 of 2
Foreign Utility Companies Wholly-Owned by Claimant
Balance Sheets
As of December 31, 1993
<TABLE>
<CAPTION>
DUKE DUKE DUKE
GUEMES TRANSENER HIDRONOR
<S> <C> <C> <C>
CURRENT ASSETS:
Cash $ 278,124 $ 41,183 $ 1,000
Accounts receivable - affiliate 728,000 222,480 1,058,665
Other current assets 196,000 - -
Total current assets 1,202,124 263,663 1,059,665
OTHER ASSETS:
Investment in Powerco S.A. 18,677,443 - -
Investment in Citelec S.A. - 19,704,028 -
Investment in Hidroneuquen S.A. - - 45,649,008
Investment in Bonds - 2,058,272 18,353,833
Other deferred costs 695,235 666,878 929,755
Total other assets 19,372,678 22,429,178 64,932,596
TOTAL ASSETS: 20,574,802 $ 22,692,841 65,992,261
CURRENT LIABILITIES:
Accounts payable - trade - $ 22,500 $ 465,800
Accounts payable - affiliate $ 264,198 854,417 1,956,365
Payables to joint venture - - 26,137,026
Other accrued liabilities - 38,823 -
Income taxes payable 505,521 237,926 -
Total current liabilities 769,719 1,153,666 28,559,191
DEFERRED CREDITS:
Accumulated deferred income taxes (100,139) (114,219) -
Minority interest in consolidated joint venture 83,300 - -
Total deferred credits (16,839) (114,219) -
STOCKHOLDER'S EQUITY:
Common stock - no par 1,000 1,000 1,000
Additional paid-in-capital 20,870,000 20,792,728 37,432,070
Retained earnings (1,049,078) 859,666 -
Total stockholder's equity 19,821,922 21,653,394 37,433,070
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY: $20,574,802 $22,692,841 $65,992,261
</TABLE>
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Exhibit A-5
Page 2 of 2
Foreign Utility Companies Wholly-Owned by Claimant
Income Statements
December 31, 1993
<TABLE>
<CAPTION>
DUKE DUKE DUKE
GUEMES TRANSENER HIDRONOR
<S> <C> <C> <C>
INCOME:
Income from operations of facilities $ 2,702,679 $ 172,480 -
Interest income & expense, net (9,010) - -
Earnings of Powerco (1,221,815) - -
Earnings of Citelec - 652,454 -
Gain on sale of assets - 336,544 -
Other income 11,441 - -
TOTAL REVENUES: 1,483,295 1,161,478 -
COSTS AND EXPENSES:
Administrative and other 127,767 95,486 -
Operation and maintenance 2,337,407 - -
Other taxes 67,000 - -
Depreciation/amortization 173,809 35,099 -
Minority interest in income of joint venture (1,194) - -
TOTAL EXPENSES: 2,704,789 130,585 -
INCOME BEFORE INCOME TAXES: (1,221,494) 1,030,893 -
PROVISION FOR INCOME TAXES:
Current 9,864 237,926 -
Deferred (157,294) (114,219) -
Foreign income taxes 77,110 47,520 -
NET INCOME: ($1,151,174) $859,666 -
</TABLE>
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Exhibit A-6
Page 1 of 1
DUKE POWER COMPANY
Capitalization of Foreign Utility Companies
As of December 31, 1993
US $
Amount
Central Termica Guemes S.A.
Shareholder's Equity $ 54,236,276
Long-term Debt 61,359,000
Total Capitalization $ 115,595,276
Hidroelectrica Piedra del Aguila S.A.
Shareholder's Equity $ 460,914,867
Long-term Debt 434,369,966
Total Capitalization $ 895,284,833
Transener S.A.
Shareholder's Equity $ 327,897,485
Long-term Debt 0
Total Capitalization $ 327,897,485
