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Previous: TRACINDA CORP, SC 13D/A, 1998-09-02 |
Next: CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES, SC 14D1/A, 1998-09-02 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
AMENDED AND RESTATED
FORM U5B
REGISTRATION STATEMENT
Filed Pursuant to Section 5 of the
Public Utility Holding Company Act of 1935
Interstate Energy Corporation
Name of Registrant
Name, Title and Address of Officer to whom Notices
and Correspondence concerning this Statement
should be Addressed
Erroll B. Davis, Jr.
President and
Chief Executive Officer
Interstate Energy Corporation
222 West Washington Avenue
Madison, Wisconsin 53701-2568
With a copy to:
Barbara J. Swan
Vice President and General Counsel
Alliant Services Company
222 West Washington Avenue
Madison, Wisconsin 53701-2568
1
<PAGE> 2
GLOSSARY OF DEFINED TERMS
When used herein, the following terms shall have the meanings set forth
below:
Act Public Utility Holding Company Act of 1935, as amended
AI Alliant Industries, Inc.
ASC Alliant Services Company
Commission Securities and Exchange Commission
CRANDIC Cedar Rapids and Iowa City Railway Company
Energy IES Energy Inc.
FERC Federal Energy Regulatory Commission
HEHC Heartland Environmental Holding Company
HPI Heartland Properties, Inc.
IEC Interstate Energy Corporation
IESI IES Industries, Inc.
IESNZ IES New Zealand Ltd.
IESU IES Utilities Inc.
International IES International Inc.
Investments IES Investments Inc.
Merger The business combination among WPLH, IESI and IPC
Merger U-1 The form U-1 Application/Declaration filed by WPLH,
IESI and IPC in File No. 70-8891, as amended
RMT RMT Inc.
SEC Securities and Exchange Commission
South Beloit South Beloit Water, Gas and Electric Company
Transportation IES Transportation Inc.
WPL Wisconsin Power and Light Company
EXPLANATORY NOTE AND REQUEST FOR WAIVER
IEC AND ITS PRINCIPAL UTILITY SUBSIDIARIES, WP&L, IPC, AND IESU, HAVE
BEEN SUBJECT TO THE PERIODIC REPORTING REQUIREMENTS OF THE SECURITIES EXCHANGE
ACT OF 1934, AS AMENDED, AND THE RULES AND REGULATIONS OF THE COMMISSION
THEREUNDER ("1934 ACT"). PURSUANT TO THESE REQUIREMENTS, IEC (AND/OR WPLH) WPL,
IPC, AND IESU HAVE FILED ANNUAL REPORTS ON FORM 10-K, QUARTERLY REPORTS ON FORM
10-Q, PROXY STATEMENTS AND OTHER REPORTS. IEC, WPL AND IESU REMAIN SUBJECT TO
1934 ACT PERIODIC REPORTING REQUIREMENTS. WPL, IPC, AND IESU HAVE ALSO FILED
REGISTRATION STATEMENTS WITH THE COMMISSION PURSUANT TO THE SECURITIES ACT OF
1933, AS AMENDED, AND THE RULES AND REGULATIONS OF THE COMMISSION THEREUNDER. IN
ADDITION, AS AN EXEMPT HOLDING COMPANy, IESI FILED AN ANNUAL EXEMPTION
STATEMENTS WITH THE COMMISSION ON FORM U-3A-2 DISCLOSING ADDITIONAL INFORMATION
ABOUT THEIR OPERATIONS. ADDITIONAL INFORMATION REGARDING IEC AND ITS
SUBSIDIARIES WILL BE SET FORTH IN ADDITIONAL U-1 FILINGS TO BE MADE IN THE NEAR
FUTURE. THESE FILINGS SET FORTH MUCH OF THE SAME INFORMATION REQUIRED BY FORM
U5B.
IN VIEW OF THE COMMISSION'S FAMILIARITY WITH THE IEC SYSTEM THROUGH
THESE FILINGS, IEC RESPECTFULLY REQUESTS THAT THE COMMISSION WAIVE, PURSUANT TO
RULE 20(a)(3) UNDER THE ACT, THE REQUIREMENTS OF FORM U5B TO THE EXTENT THE
DISCLOSURE REQUIRED BY FORM U5B HAS ALREADY BEEN FILED WITH THE COMMISSION IN
OTHER FILINGS, AND PERMIT THE INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
TO THE EXTENT INDICATED HEREIN.
2
<PAGE> 3
REGISTRATION STATEMENT
The undersigned holding company hereby submits its registration
statement to the Commission pursuant to Section 5 of the Act.
1. Exact name of registrant: Interstate Energy Corporation
2. Address of principal executive offices: 222 West Washington Avenue,
Madison, Wisconsin 53701-2568
3. Name and address of chief accounting officer: John E. Ebright,Vice
President-Controller, Interstate Energy Corporation, 222 West
Washington Avenue, Madison, Wisconsin 53701-2568
4. Certain information as to the registrant and each subsidiary company
thereof:
<TABLE>
<CAPTION>
Col. A Col. B Col. C Col. D
- ------ ------ ------ ------
Name of Company Organization State Type of Business
- --------------- ------------ ----- ----------------
<S> <C> <C> <C>
Interstate Energy Corporation (formerly WPL Holdings,
Inc. and IES Industries Inc.) Corp. WI Holding company
Wisconsin Power and Light Company Electric & Gas
Corp. WI Utility company
South Beloit Water, Gas and Electric Company Corp. IL Electric & Gas Utility
company
Wisconsin River Power Company Corp. WI Electric Utility
company
(WP&L owns
33.3%)
Wisconsin Valley Improvement Company Corp. WI Manages water flows
(WP&L owns on Wisconsin River
12%.)
REAC, Inc. (dissolved 7/31/98) Corp. WI Purchases
undeveloped real
property
WP&L Charitable Foundation Non WI Contributes to
profit corp. charities
IES Utilities Inc. Corp. IA Electric and gas utility
company
IES Ventures Inc. Corp. IA Holding company
IES Midland Development Inc. Corp. IA Owns and operates
landfill
</TABLE>
3
<PAGE> 4
<TABLE>
<S> <C> <C> <C>
Unitrain Services Partnership IA Railroad car
management co.
Envirogas L.P. Limited IA Sells refuse gas from
Partnership biomass
IES Industries Charitable Foundation Non-profit IA Contributes to
corp. charities
Cedar Rapids Electronic Joint venture IA Evaluates electric
Transportation Consortium mass transit
technology
Interstate Power Company Corp. DE Electric & Gas Utility
company
IPC Development Corp. IA Acquires and disposes
of real estate for IPC
Interstate Power Company of WI Corp. WI Inactive
Alliant Services Company Corp. IA Service company
AMW Acquisition Co. Corp. WI Inactive
Alliant Industries, Inc. (formerly Heartland
Development Corporation and IES Diversified Inc.) Corp. WI Holding company for
non-utility subsidiaries
Heartland Environmental Holding Company Corp. WI Holding company
RMT Inc. Corp. WI Environmental
consulting and
engineering
RMT International Inc. Corp. WI Holding company
RMT of Ohio Corp. (RMT
owns 48%) OH Environmental
consulting and
engineering
RMT of North Carolina, Inc. Corp. NC Environmental
consulting and
engineering
RMT of Michigan, Inc. Corp. MI Environmental
</TABLE>
4
<PAGE> 5
Community D
<TABLE>
<S> <C> <C> <C>
consulting and
engineering
Quality Environmental Systems, Inc. Corp. WI Environmental
consulting and
engineering
Jones & Neuse, Inc. Corp. TX Environmental
consulting and
engineering
RMT Consulting Engineers, P.C. Service Corp. NY Environmental
consulting and
engineering
Entra Technologies Co. Corp. TX Environmental
software Co.
Heartland Properties, Inc. Corp. WI Asset
management and
community development
Heartland Equity Management, Inc. Corp. WI Investments
Heartland Fund IV Beloit Burton, Inc Corp. WI Community
development
Heartland Fund IV Racine Wilmanor, Inc. Corp WI Community
development
Heartland Pheasant Glen, Inc. Corp WI Community
development
Heartland Beach Grove, Inc. Corp WI Community
development
Heartland-Orchard Place, Inc. Corp. WI Community
development
Heartland Fund I, Inc. Corp WI
Heartland Fund I Grand Chute, Inc. Corp. WI Community
development
</TABLE>
5
<PAGE> 6
<TABLE>
<S> <C> <C> <C>
Heartland Fund I Cudahy III, Inc. Corp. WI Community
development
Heartland Fund I Riverplace, Inc. Corp. WI Community
development
Heartland Fund I Sussex, Inc. Corp. WI Community
development
Heartland Fund I Waunakee, Inc. Corp. WI Community
development
Heartland Fund I Eau Claire Oakwood, Inc. Corp. WI Community
development
Heartland Fund I Delavan, Inc. Corp. WI Community
development
Heartland Direct Development, Inc. Corp. WI Investments
Heartland Dekoven, Inc. Corp. WI Community
development
Heartland Lake Oaks, Inc. Corp. WI Inactive
Heartland Lake Oaks I, Inc. Corp. WI Inactive
Heartland Landings, Inc. Corp. WI Community
development
Heartland Timber Trails, Inc. Corp. WI Community
development
Heartland Water Tower, Inc. Corp. WI Community
development
HAH* Tower Hall-Marshfield Tower Hall II, Inc. Corp. WI Community
development
Heartland Fund Management, Inc. Corp. WI Inactive
</TABLE>
*HAH= Heartland Affordable Housing
6
<PAGE> 7
<TABLE>
<S> <C> <C> <C>
HAH Antigo Depot, Inc. Corp. WI Community
development
HAH Antigo, Inc. Corp. WI Community
development
HAH Appleton Phase II, Inc. Corp. WI Community
development
HAH Appleton, Inc. Corp. WI Community
development
HAH Berlin North River, Inc. Corp. WI Community
development
HAH Berlin WPL Inc. Corp. WI Community
development
HAH Berlin Inc. Corp. WI Community
development
HAH Columbus Whitney Inc. Corp. WI Community
development
HAH Columbus Inc. Corp. WI Community
development
HAH DePere Inc. Corp. WI Community
development
HAH Pardeeville Inc. Corp. WI Community
development
HAH Pardeeville II Inc. Corp. WI Community
development
HAH Holmen Inc. Corp. WI Community
development
HAH Platteville Inc. Corp. WI Community
development
HAH Plymouth Inc. Corp. WI Community
development
</TABLE>
7
<PAGE> 8
<TABLE>
<S> <C> <C> <C>
HAH Port Edwards II Inc. Corp. WI Community
development
HAH Port Edwards Inc. Corp. WI Community
development
HAH Portage Inc. Corp. WI Community
development
HAH Madison Mai Street Inc. Corp. WI Community
development
HAH Madison YWCA Inc. Corp. WI Community
development
HAH Manitowoc Inc. Corp. WI Community
development
HAH Marinette Inc. Corp. WI Community
development
HAH Marshfield Inc. Corp. WI Community
development
HAH Mayville Inc. Corp. WI Community
development
HAH McFarland Inc. Corp. WI Community
development
HAH Northland Inc. Corp. WI Community
development
HAH Oregon Inc. Corp. WI Community
development
HAH Paddock Lake Inc. Corp. WI Community
development
HAH Dells, Elroy, Hillsboro, Inc. Corp. WI Inactive
HAH Fond du Lac, Eldorado Inc. Corp. WI Community
development
HAH Janesville Teffris Flat Inc. Corp. WI Community
development
</TABLE>
8
<PAGE> 9
<TABLE>
<S> <C> <C> <C>
HAH Kenosha Windsong Inc. Corp. WI Community
development
HAH Madison Fairwood Arms Inc. Corp. WI Community
development
HAH Prairie du Chien Inc. Corp. WI Community
development
HAH Prairie du Chien II Inc. Corp. WI Community
development
HAH Ripon Inc. Corp. WI Community
development
HAH Sheboygan Balzer Inc. Corp. WI Community
development
HAH Sun Prairie Inc. Corp. WI Community
development
HAH The Falconer Inc. Corp. WI Community
development
Heartland Sherman Ave. Inc. Corp. WI Inactive
HAH Reedsburg Inc. Corp. WI Community
development
HAH Sheboygan Falls Inc. Corp. WI Community
development
HAH Sheboygan Jung Inc. Corp. WI Community
development
HAH Sheboygan Leverance Inc. Corp. WI Community
development
HAH Wausau Inc. Corp. WI Community
development
</TABLE>
9
<PAGE> 10
<TABLE>
<S> <C> <C> <C>
HAH Verona Inc. Corp. WI Community
development
Heartland Capital Management Inc. Corp. WI Guarantor
Heartland Special Limited Inc. Corp. WI Investments
Heartland McFarland WB Inc. Corp. WI Community
development
HAH Sheboygan Inc. Corp. WI Community
development
Heartland Asset Management, Inc. Corp. WI Monitors and inspects
properties
Capital Square Financial Corporation Corp. WI Financing services
Norlight General
Partnership WI Inactive
Heartland Energy Group, Inc. Corp. WI Holding company
IEA-HES LLC L.L.C. IA Gas Marketing
(50% ownership)
Heartland Energy Services, Inc. ("HES") Corp. WI Inactive company
WPLH CT LLC L.L.C. WI Investments
Cargill-Alliant LLC L.L.C. IA Commodity sales of
(49% + ownership) energy resources
IES Transportation Inc. Corp. IA Holding company
Cedar Rapids and Iowa City Railway Company Corp. IA Shortline freight
railway
Heartland Rail Corporation Corp.
(CRANDIC
owns 17.5%) IA Operates rail lines
</TABLE>
10
<PAGE> 11
<TABLE>
<S> <C> <C> <C>
IEI Barge Services Inc. Corp.
(Transportation
owns 75%) IA Barge terminal and
hauling services
IES Transfer Services Inc. Corp. IA Operates storage
facilities
Iowa Northern Railway Corp. IA Intermediary
(Transportation Railway Company
Has Non-Voting
Interest) IA
IES Energy Inc. Corp. IA Holding company
Whiting Petroleum Corporation Corp. DE Produces crude oil
Whiting Programs, Inc. Corp. Inactive
WOK Acquisition Co. Corp. OK Inactive
Industrial Energy Applications Inc. Corp. IA Commodities-based
energy services
Energys Inc. Corp. WI Propane air systems
IEA Delaware Inc. Corp. DE Limited Partner in
Oakhill
Oakhill Pipeline LP L.P. TX Manages gas
gathering system
investment
IEA-HES LLC L.L.C. IA Gas marketing
(50% ownership)
BFC Gas Co. LLC L.L.C. IA Methane production
(60% ownership) from biomass
Ely, Inc. Corp.
(Energy owns
69.4%)) IA Inactive corporation
</TABLE>
11
<PAGE> 12
<TABLE>
<S> <C> <C> <C>
IES International Inc. Corp. IA Foreign
Utility
Company
IES New Zealand Ltd. Corp. New
Zealand Foreign Utility
Company
PowerCo Limited Corp. New
(IESNZ Zealand Utility company
holds less
than 20%
interest)
Central Power Limited Corp. New
(IESNZ Zealand Utility company
holds less
than 20%
interest)
TransAlta New Zealand LTD. Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
Power New Zealand LTD. Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
Bay of Plenty Electric LTD Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
Enerco NZ LTD. Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
</TABLE>
12
<PAGE> 13
<TABLE>
<S> <C> <C> <C>
Natural Gas Corp. Holdings LTD Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
WEL Energy Group Corp. New
(IESNZ Zealand Inactive
holds less
than 20%
interest)
Interstate Energy Corporation PTE Ltd. Corp. Singapore Foreign Utility
Company
JIES Heat and Power Ltd. Joint Venture People's
(IECPTE Republic of
owns 50%) China Utility
company
TIES Heat and Power Ltd. Joint Venture People's Utility
(IECPTE Republic of Company
owns 50%) China
IES Brazil Inc. Corp. IA Foreign Utility
Company
Brazil West Energy Limitada Corp. Brazil Inactive
Centelha S.A. Corp. Brazil Inactive
(50% IES Brazil,
50% Inter-
national)
IES Brazil Limitada Corp. Brazil Inactive
Grandelight Light Holding Co. Corp. British Virgin Holding
Islands Company
Peak Pacific Investments Co. Corp. Singapore Energy
(65% ownership) development
IES Investments Inc. Corp. IA Holding
company
2001 Development Corporation Corp.
(Investments
owns 54.6%) IA Real estate
development
</TABLE>
13
<PAGE> 14
<TABLE>
<S> <C> <C> <C>
2060 Partnership Partnership IA Real estate
project
2002 Development Corporation Corp. IA Real estate
project
Center Place Limited Partners Limited. IA Operates
Partnership rental apartments
3001 LLC L.L.C. IA Real Estate
(50%) project
Atlantic Sundown
Apartments L.P. Corp. WI Community
development
Iowa Venture Capital Fund Limited. IA Venture
Partnership capital fund
OSADA I Limited Partnership (MAHP) Limited. IA Develops low
Partnership income housing
Blairs Ferry Limited Partnership (MAHP) Limited. IA Develops low
Partnership income housing
IES Investco Inc. Corp. IA Holding
company for
commitments to
DLJ Merchant
Banking Fund,
L.P.
McLeodUSA Incorporated Corp. Exempt
(Investments owns telecommunications
14%; IPC company
owns less than 1%)DE
Village Lakeshares Inc. Corp. IA Holding
company
Village Lakeshares L.P. L.P. IA Community
development
Iowa Land and Building Company Corp. IA Purchases
</TABLE>
14
<PAGE> 15
<TABLE>
<S> <C> <C> <C>
undeveloped
real property
Prairie Ridge Business Park Limited IA Real estate
Liability holding
Company company
</TABLE>
15
<PAGE> 16
BUSINESS
5 (a) The general character of the business done by the registrant and
its subsidiaries, separated as between the holding companies, public
utility subsidiaries (as defined in the Act) and the various
non-utility subsidiaries.
Information regarding the general character of the business of IEC and
its subsidiaries and information regarding the statistics relating to
sales, purchases, operating revenues, and customers for IEC and its
utility subsidiaries during the past five years can be found in the
following documents, which are attached as Exhibits F-1, F-2, F-3, F-4,
F-5, F-6, F-7, F-8, F-9 and F-10, respectively: Items 1 and 6 of the
Annual Report of WPL Holdings, Inc. on Form 10-K for the period ending
December 31, 1997; items 1 and 6 of the Annual Report of IES Industries
Inc. on Form 10-K for the period ending December 31, 1997; items 1 and
6 of the Annual Report of IPC on Form 10-K for the period ending
December 31, 1997; the Annual Report of Wisconsin Power and Light
Company on Form 10-K for the period ending December 31, 1997; the
Annual Report of IES Utilities Inc. on Form 10-K for the period ending
December 31, 1997; the Annual Report to shareholders of Alliant
Corporation for the period ending December 31, 1997; the Wisconsin
Power and Light Company Proxy Statement distributed for the July 17,
1998 Annual Meeting of Shareholders; the Interstate Energy Corporation
Proxy Statement distributed for the June 24, 1998 Annual Meeting of
Shareholders; the Quarterly Report of Interstate Energy Corporation
(WPL Holdings, Inc.) on Form 10-Q for the period ending March 31, 1998;
the Quarterly Report for Interstate Energy Corporation (the combined
entities) on Form 10-Q for the period ended June 30, 1998; the
Quarterly Report of Wisconsin Power & Light Company on Form 10-Q for
the period ending March 31, 1998; and the Quarterly Report of IES
Utilities Inc. on Form 10-Q for the period ended March 31, 1998.
(b) Any substantial changes which may have occurred in the general
character of the business of such companies during the preceding five
years.
OMITTED BY PERMISSION OF THE STAFF
PROPERTY
6. Describe briefly the general character and location of the principal
plants, properties and other important physical units of the registrant
and its subsidiaries, showing separately (a) public utility and (b)
other properties. If any principal plant or important unit is not held
in fee, so state and describe how held.
See Item 2 of the Annual Reports of WPLH, IESI and IPC, respectively,
on Form 10-K, for the period ending December 31, 1997, which are
attached hereto as Exhibits F-1, F-2, and F-3, respectively.
INTERSTATE TRANSACTIONS
7. For each public utility company in the holding company system of the
registrant which is engaged in the transmission of electric energy or
gas in interstate commerce, furnish the following information for the
last calendar year:
16
<PAGE> 17
<TABLE>
<CAPTION>
Electric Energy Gas
kWh Mef
<S> <C> <C>
Total Annual Sales
- -----------------------------------------------------------------------------------------------------
Interstate Transactions
- -----------------------------------------------------------------------------------------------------
Name of State
delivered out of State
Received from Out of State
- -----------------------------------------------------------------------------------------------------
</TABLE>
WP&L, IESU, IPC and South Beloit have on file with FERC their 1997
FERC Form 1's, which include information related to the transmission of electric
energy. These reports have also been provided as Exhibits G-1, G-2, G-3 and G-4,
respectively.
WP&L, IES and IPC do not own and operate facilities for the transmission of
gas in interstate commerce. They do purchase gas transportation and storage
services for their retail customers from regulated interstate pipeline
suppliers. IESU and IPC each has on file with FERC its 1997 Form 2, which
includes information related to its natural gas business. These forms are
included as Exhibits G-5 and G-6, respectively.
SECURITIES OUTSTANDING
8. Submit the following information concerning the registrant and each
subsidiary thereof as of the latest available date:
FUNDED DEBT
(a) For each issue or series of funded debt, including funded debt
secured by liens on property owned, whether or not such debt has been assumed:
(Do not include here any contingent liabilities reported under paragraph 8(c)).
As of March 31, 1998
BY PERMISSION OF THE STAFF, COLUMNS E THROUGH I HAVE BEEN OMITTED.
<TABLE>
<CAPTION>
COL. A COL. B COL. C COL. D
AMOUNT AMOUNT ISSUED
AUTHORIZED LESS RETIRED
NAME OF OBLIGOR TITLE OF ISSUE ($'s in 000's) ($'s in 000's)
<S> <C> <C> <C>
WPL First Mortgage Bonds $25,000 $8,899
Series L, 6.25%
Due 8/1/1998
Secured
</TABLE>
17
<PAGE> 18
<TABLE>
<S> <C> <C> <C>
WPL First Mortgage Bonds 50,000 27,000
1990 Series V, 9.3%
Due 12/1/2025
Secured
WPL First Mortgage Bonds 90,000 90,000
1992 Series W, 8.6%
Due 3/15/2027
Secured
WPL First Mortgage Bonds 62,000 62,000
1992 Series X, 7.75%
Due 6/1/2004
Secured
WPL First Mortgage Bonds 72,000 72,000
1992 Series Y, 7.6%
Due 7/1/2005
Secured
WPL First Mortgage Bonds 8,500 8,500
1984 Series A, variable rate
Due 8/1/2014
Secured
WPL First Mortgage Bonds 15,500 14,600
1988 Series A, variable rate
Due 8/1/2015
Secured
WPL First Mortgage Bonds 16,000 16,000
1991 Series A, variable rate
Due 9/1/2015
Secured
WPL First Mortgage Bonds 16,000 16,000
1991 Series B, variable rate
Due 9/1/2005
Secured
WPL First Mortgage Bonds 1,000 1,000
1991 Series C, variable rate
Due 10/1/2000
Secured
</TABLE>
18
<PAGE> 19
<TABLE>
<S> <C> <C> <C>
WPL First Mortgage Bonds 875 875
1991 Series D, variable rate
Due 10/1/2000
Secured
WPL Debentures 105,000 105,000
7.00%
Due 6/15/2007
Unsecured
WPL Firstar Trust Co.
Due 5/13/98, 5.53% 6,000 6,000
WPL Commercial Paper:
Due 4/7/98, 5.62% 8,000 8,000
Due 4/13/98, 5.58% 9,500 9,500
Due 4/20/98, 5.56% 9,000 9,000
Due 4/20/98, 5.59% 6,000 6,000
IPC First Mortgage Bonds 25,000 25,000
8.00% Series
Due 2/15/2007
Secured
IPC First Mortgage Bonds 25,000 25,000
8.625% Series
Due 9/15/2021
Secured
IPC First Mortgage Bonds 94,000 94,000
7.625% Series
Due 5/15/2023
IPC Pollution Control Revenue Bonds 900 900
Clinton-1973, 5.95%
Due 12/1/1998
Secured
IPC Pollution Control Revenue Bonds 4,400 2,650
Dubuque-1973, 5.95%
Due 12/1/1998
IPC Pollution Control Revenue Bonds 3,700 2,300
Lansing-1973, 5.95%
Due 12/1/1998
Secured
IPC Pollution Control Revenue Bonds 3,400 3,250
Sherburn (Fox Lake)-1977, 6.375%
Due serially, $150,000 each year from 4/1/1998 to
4/1/2006, final payment of $2,050,000 on 4/1/2007
Secured
</TABLE>
19
<PAGE> 20
<TABLE>
<S> <C> <C> <C>
IPC Pollution Control Revenue Bonds 8,000 7,700
Salix (Neal 4)-1977, 6.375%
Due serially, $300,000 each year from 4/1/1998 to
4/1/2006, final payment of $5,300,000 on 4/1/2007
Secured
IPC Pollution Control Revenue Bonds 1,000 1,000
Lansing B-1994, 5.75%
Due 6/1/2003
Secured
IPC Pollution Control Revenue Bonds 1,000 1,000
Clinton B-1994, 6.25%
Due 4/1/2009
Secured
IPC Pollution Control Revenue Bonds 5,600 5,600
Lansing A-1994, 6.30%
Due 5/1/2010
Secured
IPC Pollution Control Revenue Bonds 5,650 5,650
Clinton A-1994, 6.35%
Due 12/1/2012
Secured
IPC Commercial Paper 3,650,000 3,650,000
Maturity Date 4/9/98
Interest Rate 5.57%
IPC Commercial Paper 6,350,000 6,350,000
Maturity Date 4/9/98
Interest Rate 5.57%
IPC Commercial Paper 284,000 284,000
Maturity Date 4/6/98
Interest Rate 5.63%
IPC Commercial Paper 516,000 516,000
Maturity Date 4/6/98
Interest Rate 5.63%
IPC Commercial Paper 1,000,000 1,000,000
Maturity Date 4/6/98
Interest Rate 5.59%
IES Collateral Trust Bonds 50,000 50,000
7.65% Series
Due 3/28/2000
Secured
IES Collateral Trust Bonds 60,000 60,000
7.25% Series
Due 10/1/2006
Secured
IES Collateral Trust Bonds 55,000 55,000
6.875% Series
Due 5/1/2007
Secured
IES Collateral Trust Bonds 50,000 50,000
6.00% Series
Due 10/1/2008
Secured
</TABLE>
20
<PAGE> 21
<TABLE>
<S> <C> <C> <C>
IES Collateral Trust Bonds 50,000 50,000
7.00% Series
Due 10/1/2023
Secured
IES Collateral Trust Bonds 19,400 19,400
5.50% Series
Due 11/1/2023
Secured
IES First Mortgage Bonds 60,000 60,000
Series Y, 8.625%
Due 5/15/2001
Secured
IES First Mortgage Bonds 50,000 50,000
Series Z, 7.60%
Due 3/1/1999
Secured
IES First Mortgage Bonds 21,000 21,000
9.125% Series
Due 7/1/2001
Secured
IES First Mortgage Bonds 30,000 30,000
7.25% Series
Due 9/1/2007
Secured
IES Pollution Control Obligations 6,160 3,276
5.75%
Due serially $140,000 on 6/1/1998 and 6/1/1999,
$196,000 on 6/1/2000, $560,000 on 6/1/2001 and
6/1/2002, $1,680,000 on 6/1/2003
Secured
IES Pollution Control Obligations 10,000 10,000
5.95%
Due serially $500,000 each year from 2/1/2000 to
2/1/2003, $1,000,000 on 2/1/2004, $2,000,000 on
2/1/2005 and 2/1/2006, $3,000,000 on 2/1/2007
Secured
</TABLE>
21
<PAGE> 22
<TABLE>
<S> <C> <C> <C>
IES Pollution Control Revenue Refunding Bonds 2,400 2,400
1991 Series-Cedar Rapids, variable rate
Due 11/1/2003
Secured
IES Pollution Control Revenue Refunding Bonds 5,300 5,300
1991 Series-Chillicothe, variable rate
Due 11/1/2010
Secured
IES Pollution Control Revenue Refunding Bonds 2,400 2,400
1992 Series A, variable rate
Due 3/1/2010
Secured
IES Pollution Control Revenue Refunding Bonds 1,000 1,000
1992 Series B, variable rate
Due 3/1/2000
Secured
IES Subordinated Deferrable Interest Debentures 50,000 50,000
7.875%
Due 12/31/2025
Unsecured
IES Senior Debentures 135,000 135,000
Series A, 6.625%
Due 8/1/2009
Unsecured
WPLH Short-term debt 38,000 38,000
5.53%
Due on demand
</TABLE>
22
<PAGE> 23
CAPITAL STOCK
(b) For each class of capital stock including certificates of
beneficial interest give information both in number of shares and in
dollar amounts: (Do not include here any warrants, options or other
securities reported under paragraph 8(d)).
As of March 31, 1998
BY PERMISSION OF THE STAFF, COLUMNS G THROUGH J HAVE BEEN OMITTED.
<TABLE>
<CAPTION>
Subsidiary:
C D E F
--- --- --- ---
A B Amount Add'l Amt
--- --- Authorized Amount Amt Issued
Name of Issuer Title of Issue by Charter Reserved Unissued or Sold
(C-D-E)
<S> <C> <C> <C> <C> <C>
WPL Holdings, common, $0.01 par 100,000,000 12,500,000 30,788,593
Inc.
Wisconsin common, $5 par 18,000,000 13,236,601
Power and Light
Company
4.50% cum pref, 3,750,000 99,970
$100 par total
preferred
4.80% cum pref, 74,912
$100 par
4.96% cum pref, 64,979
$100 par
4.40% cum pref, 29,957
$100 par
4.76% cum pref, 29,947
$100 par
6.20% cum pref, 150,000
$100 par
6.50% cum pref, no 599,460
par-$25
stated value
South Beloit Water, common, $100 par 50,000 24,400
Gas and Electric
Company
</TABLE>
23
<PAGE> 24
<TABLE>
<CAPTION>
A B C D E F
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C>
Interstate common, $3.50 par 30,000,000 9,763,413
Power
Company 4.36% cum pref, 2,000,000 60,455
$50 par total
preferred
4.68% cum pref, 55,926
$50 par
7.76% cum pref, 100,000
$50 par
6.40% cum pref, 545,000
$50 par
cum preference, -
$1 par
IPC
Development $100 par 100,000 7,550
Interstate $.01 par 9,000 100
Power Co.
of WI
IES common, no par 48,000,000 1,132,890 30,671,499
Industries
Inc.
cum pref, no par 5,000,000 -
IES Utilities common, $2.50 par 24,000,000 13,370,788
Inc.
4.8% cum pref, 146,406 146,406
$50 par
4.3% cum pref, 120,000 120,000
$50 par
cum pref, $50 par 100,000 -
cum preference, 700,000 -
$100 par
6.1% cum pref, 100,000 100,000
$50 par
IES Ventures Inc. common, no par 1,000,000 1,000
IES Midland Development common, no par 1,000,000 1,000
Inc.
Unitrain Services (33%)
Envirogas L.P. (50%)
Alliant Services common, $.01 par 100 100
Company
</TABLE>
24
<PAGE> 25
<TABLE>
<CAPTION>
A B C D E F
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C>
AMW common, $.01 par 750 100
Acquisition
Co.
Norlight
Limited
Partnership
Entra common, no par 100,000 1,000
Technologies
Co.
Marshfield
Tower Hall
Apts LP
(99%)
</TABLE>
25
<PAGE> 26
<TABLE>
<CAPTION>
A B C D E F
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C>
HES,Inc.(Heartland common, no par 2,800 700
Energy
Services,
Inc.)
WPLH CT LLC
(16.7%-AGS Inc.
83.3%-HPI)
Cargill-IEC
LLC (50%)
ENSERV, Inc. common, no par 2,800 10
(now Energys Inc.)
Heartland
Development
Corporation common, no par 2,800 100
IES Diversified common, no par 1,000,000 1,000
IES Energy common, no par 1,000,000 1,000
Inc.
Whiting common $1.00 par 1,000 1,000
Petroleum common $0.10 par 100,000 1,000
Whiting common $0.10 par 1,000 100
Programs,
Inc.
WOK
Acquisition $1.00 par common 1,000 1,000
Co.
(Whiting
Oklahoma)
</TABLE>
26
<PAGE> 27
<TABLE>
<CAPTION>
A B C D E F
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C>
Ely, Inc. Ordinary 10,000,000 500,000
(69.4%) P Series A 2,800,000.00 2,800,000
P Series B 5,700,000.00 3,645,875
Industrial common, $10 par 1,000,000 100,000
Energy
Applications,
Inc.
IEA-HES
LLC (100%)*
BFC Gas Co
LLC (60%)
IEA $0.01 par common 1,000 1
Delaware
Inc.
Rusk Co.
Pipeline(Oakhill)
JV(99%)
IES common, no par 1,000,000 1,000
Transportation
Inc.
IEI Barge common, $100 par 500 314
Services,
Inc.
IES Transfer common, no par 1,000,000 1,000
Services Inc.
CRANDIC common, no par 1,000 1,000
Heartland common, $1 par 13,000 11,409
Rail Corp.
(17.5%)
IES common, no par 1,000,000 1,000
Investments
Village common, $10.00 par 10,000 10
Lakeshares,
Inc.
Village
Lakeshares
LP(32.882%)
Village
Lakeshares
LP(67.1187%)
Iowa Land common, $100 par 2,500 2,000
and Bldg
Co.
Prairie
Ridge
Business
Park LP
(70%) common, $.01 par 250,000,000 62,494,739
McLeodUSA
Inc. ---------------- ------ (14.4%-DEC
ownership)
</TABLE>
* Generally, there are no capital stocks accompanying the L.L.C. or LP
structures.
27
<PAGE> 28
<TABLE>
<S> <C> <C> <C> <C> <C>
A B C D E F
- --- --- --- --- --- ---
Center Place
LP (28.6%)
Blairs
Ferry LP
(MAHP)
(89.2%)
IES Investco Inc. common, no par 1,000,000 1,000
OSADA I
LP(MAHP)(81.8%)
2001 Devel common, $10 par 10,000,000 1,512,374
Corp(54.55%)
2002 Devel common, $10 par 10,000,000 1
Corp
2060
Partnership
LP(80%)
Center
Place Ltd
Partners(35.7%)
3001
LLC(50%)
Atlantic
Sundance Apt
LP
IES common, no par 1,000,000 1,000
International
Inc.
7 7/8% pref, $50 par 1,000,000
IES Brazil
Limitada(Brazil 1 real quotas 49,999 49,999
Co)
Centelha S.A. par value 1 real
quotas 1,000 1,000
Brazil West Energy
Limitada par value 1 real
quotas 1,000 1,000
Interstate common 100,000 2
Energy Corp.
PTE
Ltd(Sing
Co) ordinary
$1.00 par (one 100 100
Singapore dollar)
</TABLE>
28
<PAGE> 29
<TABLE>
<S> <C> <C> <C> <C> <C>
A B C D E F
- --- --- --- --- --- ---
Jiaxing
JIES
Power&Heat
Co.
Ltd(50%)
TIES Power
& Heat Co.
Ltd. (50%)
IES common, no par 1,000,000 1,000
Brazil
(US
Co)
Grandelight common, $0.01 par 100,000 100,000
Holding
Ltd.(BUI)
</TABLE>
29
<PAGE> 30
<TABLE>
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
30
<PAGE> 31
<TABLE>
<CAPTION>
A B C D E F
----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C>
Capital Square Financial common, $0.10 par/share 10,000 100
Corp
RMT of Ohio (48%) common, no par 100 48
RMT of Michigan, Inc. common, (par value not 100 100
indicated)
Quality Environ Systems, common, no par 100 100
Inc.
RMT International, Inc. common, (par value not 1,000 1,000
indicated)
RMT Consulting Engineers, common, no par 200 4
P.C.
REAC common, no par 2,800 100
</TABLE>
31
<PAGE> 32
<TABLE>
<CAPTION>
A B C D E F
----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C>
WI River Power Co. (33.3%) common, $100 par/share 95,000 93,000
WI Valley Improvement Co. common, $10 par/share 400,000 155,100
(12%)
Heartland Environmental common, $1 par/share 45,000,000 1,985,746
Holding Company
preferred, $1 par/share 5,000,000 0
RMT of North Carolina common, no par 1,000 1,000
Jones & Neuse, Inc. common, $0.01 par/share 1,000 1,000
HEG, Inc. (Heartland common, $0.01 par 9,000 1,000
Energy Group, Inc.)
Heartland Rail Corporation common, $1 par/share 13,000 11,428
(17.5%)
ATLANTIC SUNDANCE
APARTMENTS LP (49.995%)
</TABLE>
32
<PAGE> 33
<TABLE>
<CAPTION>
A B C D E F
----- ----- ----- ----- ----- -----
<S> <C> <C> <C> <C> <C>
Powerco Ltd. (9.82%)
Central Power Ltd. (9.8%)
IES New Zealand Ltd. ordinary 24,858,503
TransAlta New Zealand Ltd. ordinary, no par 246,981,966 1
Power New Zealand ordinary, no par 151,470,220 1
Bay of Plenty Electricity Ltd. ordinary, no par 19,991,947 1
EnerCo NZ Ltd. ordinary, no par 84,965,205 1
Natural Gas Corporation Holding Ltd. ordinary, no par 42,000,000 1
WEL Energy Group ordinary, NZ$0.01 18,000,000 500
Peak Pacific Investment Company Pte. ordinary, US$1 par/share 249
Ltd. (PPIC)
Non-voting preference A shares, US$1 208,324,249 4,249,249
par/share
Voting preference A shares, US$1 751
par/share
Non-voting preference B shares, US$1 41,674,75 849,751
par/share
</TABLE>
33
<PAGE> 34
<TABLE>
<CAPTION>
A B* C D E F
PAR VALUE AUTHORIZED
- ------------------------------------------- --------- --------- --------- ------------ -----------
<S> <C> <C> <C> <C> <C>
Heartland Asset Management, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
Heartland Properties, Inc. No Par 2,800 100
- ------------------------------------------- --------- --------- ------
HAH-Antigo, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
</TABLE>
*All common stock on this page.
34
<PAGE> 35
<TABLE>
<CAPTION>
A B* C D E F
- ------------------------------------------- --------- ---------- ------------- ----------- -------------
<S> <C> <C> <C> <C> <C>
HAH-Antigo Depot, Inc.
$ .10 10,000 10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Appleton, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------------ ------
HAH-Appleton Phase II, Inc. $ .10 10,000
10
- ---------------------------------------------------------------------------------------- -------------
HAH-Berlin, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------------ ------
HAH-Berlin North River, Inc. $ .10 10,000
10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Berlin WPL, Inc. $ .10 10,000
10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Columbus, Inc. $ .10 10,000
10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Columbus Whitney, Inc. $ .10 10,000
10
- ---------------------------------------------------------------------------------------- -------------
HAH-De Pere, Inc. $ .10 10,000
10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Dells, Elroy, Hillsboro, Inc. $ 1 10,000 1
- ---------------------------------------------------------------------------------------- -------------
HAH-The Falconer, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------------ ------
HAH-Fond du Lac Eldorado, Inc. $ .10 10,000
10
- ------------------------------------------- --------- --------- ------------ ------
HAH-Holmen, Inc. $ .10 10,000 10
- ---------------------------------------------------------------------------------------- -------------
HAH-Janesville Jeffris Flats, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------------ ------
</TABLE>
35
*All are common stock on this page.
<PAGE> 36
<TABLE>
<CAPTION>
A B* C D E F
--- --- --- --- --- ---
AUTHORIZED
- ------------------------------------------- --------- ----------
<S> <C> <C> <C> <C> <C>
HAH-Kenosha Windsong, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Madison Fairwood Arms, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Madison Main Street, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Madison YWCA, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
HAH-Manitowoc, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Marinette, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Marshfield, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Marshfield Tower Hall, Inc.
- ------------------------------------------- --------- --------- ------
HAH-Marshfield Tower Hall II, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
HAH-Mayville, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-McFarland, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Merrill, Inc.
- ------------------------------------------- --------- --------- ------
HAH-Minnesota, Inc.
- ------------------------------------------- --------- --------- ------
HAH-Northland, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------
HAH-Oshkosh, Inc.
- ------------------------------------------- --------- --------- ------
HAH-Oregon, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Paddock Lake, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Pardeeville, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
</TABLE>
36
* All are common stock on this page.
<PAGE> 37
<TABLE>
<CAPTION>
A B* C D E F
--- --- --- --- --- ---
- ------------------------------------------- --------- ---------- ------------- ----------- -------------
<S> <C> <C> <C> <C> <C>
HAH-Pardeeville II, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
HAH-Platteville, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Plymouth, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------
HAH-Port Edwards I, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
HAH-Port Edwards II, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
HAH-Portage, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Prairie du Chien, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------
HAH-Prairie du Chien II, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Reedsburg, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Ripon, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Sheboygan, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Sheboygan Balzer, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Sheboygan Falls, Inc. $ 1 56,000 1
- ------------------------------------------- --------- --------- ------
HAH-Sheboygan Jung, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Sheboygan Leverenz, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Sun Prairie, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
</TABLE>
37
* All are common stock on this page.
<PAGE> 38
<TABLE>
<CAPTION>
A B* C D E F
--- --- --- --- --- ---
<S> <C> <C> <C> <C> <C>
HAH-Verona, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Waupun, Inc.
- ------------------------------------------- --------- --------- ------
HAH-Wausau, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
HAH-Wausau City Walk, Inc.
- ------------------------------------------- --------- --------- ------
Heartland-Beech Grove, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Capital Management Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-DeKoven, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Direct Development, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
Heartland Equity Management, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
Heartland Fund I, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Cudahy III, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Delavan, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Eau Claire Oakwood, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I - Grand Chute, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Riverplace, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Sussex, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund I-Waunakee, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
</TABLE>
38
*All are common stock on this page.
<PAGE> 39
<TABLE>
<CAPTION>
A B* C D E F
- ------------------------------------------- --------- ---------- ------------- ----------- -------------
<S> <C> <C> <C> <C> <C>
Heartland Fund IV-Beloit Burton, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund IV-Racine Wilmanor, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Fund Management, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-Lake Oaks, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Lake Oaks I, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-Landings, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-McFarland WB, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-Pheasant Glen, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-Sherman Avenue, Inc. $ .10 10,000 10
- ------------------------------------------- --------- --------- ------
Heartland Special Limited, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland-Timber Trails, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
Heartland Water Tower, Inc. $ 1 10,000 1
- ------------------------------------------- --------- --------- ------
</TABLE>
*All are common stock on this page.
39
<PAGE> 40
CONTINGENT LIABILITIES
(c) A brief outline of the nature and amount of each contingent
liability on account of endorsement or other guarantees of any
securities.
Information about the nature and amount of each contingent liability of
IEC and its subsidiaries can be found in the following documents, which
are attached here to as Exhibits F-1, F-2 and F-3, respectively: Note
11 to Item 8 of the Annual Report of WPLH on Form 10-K for the period
ending December 31, 1997 (File No. 1-9894); Note 13 to Item 8 of the
Annual Report of IESI on Form 10-K for the period ending December 31,
1997 (File No. 1-9187); and Note 9 to Item 8 of the Annual Report of
IPC on Form 1-K for the period ending December 31, 1997 (File No.
2-3632).
OTHER SECURITIES
(d) A statement of the amount of warrants, rights or options and of any
class of securities of the registrant and subsidiary companies not
elsewhere herein described which is outstanding and/or authorized. A
brief description of the provisions thereof should be included.
Information need not be set forth under this item as to notes, drafts,
bills of exchange or bankers' acceptances which mature within nine
months.
Information with respect to IEC's Long Term Equity Incentive
Plan includes the following:
(i) Interstate Energy Corporation Long-Term Equity Incentive Plan
(incorporated by reference to Exhibit 4.1 to Interstate Energy
Corporation's Quarterly Report on Form 10-Q for the quarter ended June
30, 1994).
(ii) Rights Agreement, dated February 22, 1989, between Interstate
Energy Corporation (f/k/a WPL Holdings, Inc.) and Morgan Shareholder
Services Trust Company (incorporated by reference to Exhibit 4 to
Interstate Energy Corporation's Current Report on Form 8-K, dated
February 27, 1989).
(iii) Interstate Energy Corporation Shareowner Direct Plan
(incorporated by reference to Interstate Energy Corporation's
Registration Statement on Form S-3 (Registration No. 333-26627)).
(iv) Interstate Energy Corporation 401(k) Savings Plan (incorporated
by reference to Exhibit 4.1 to Interstate Energy Corporation's
Registration Statement on Form S-8 (Registration No. 333-46735)).
INVESTMENTS IN SYSTEM SECURITIES
9. Give a tabulation showing the principal amount, par or stated value, the cost
to the system company originally acquiring such security, and the number of
shares or units, of each security described under Item 8 that is held by the
registrant and by each subsidiary company thereof as the record (or beneficial)
owner, and the amounts at which the same are carried on the books of each such
owner. This information should be given as of the same date as the information
furnished in answer to Item 8.
As of March 31, 1998
40
<PAGE> 41
INTERSTATE ENERGY CORPORATION*
The following identifies the carrying values (interpreted as the investment
balances) of subsidiaries at March 31, 1998:
<TABLE>
<S> <C> <C>
IES INDUSTRIES INC. Carrying value Ownership
Percentage
-------------- --------------------
IES Utilities Inc. 543,115,837 100%
IES Diversified Inc. 106,647,317 100%
WPL HOLDINGS INC.
Wisconsin Power and Light Company 587,923,389 100%
Heartland Development Corporation 51,593,702 100%
INTERSTATE POWER COMPANY
IPC Development 2,163,233 100%
Interstate Power Company of Wisconsin 100%
IES UTILITIES INC.
IES Ventures Inc. 308,466 100%
Unitrain Services 20,623 33%
EnviroGas LP 15,039 50%
IES VENTURES INC.
IES Midland Development Inc. 4,859,412 100%
IES DIVERSIFIED INC.
IES Energy Inc. 55,396,040 100%
IES Transportation Inc. 12,518,903 100%
IES Investments Inc. 47,093,612 100%
IES International Inc. (3,297,247) 100%
HEARTLAND DEVELOPMENT CORPORATION
Capital Square Financial Corporation 7,932,193 100%
Heartland Environmental Holding Company 15,456,915 100%
</TABLE>
* For information regarding the principal amount, the par or stated value and
the number of shares or units, please refer to listings in the previous section
8(b), "Capital Stock," of this Form.
41
<PAGE> 42
<TABLE>
<S> <C> <C>
Heartland Energy Group, Inc. (2,244,818) 100%
Heartland Energy Services, Inc. (4,580,963) 100%
ENSERV, Inc. 373,373 100%
Heartland Properties, Inc. 37,469,696 100%
IES TRANSPORTATION INC.
IEI Barge Services Inc. 2,013,441 75%
IES Transfer Services Inc. 241,233 100%
Cedar Rapids and Iowa City Railway Company 10,097,404 100%
Heartland Rail Corporation - 18%
IES ENERGY INC.
Whiting Petroleum Corporation 42,559,680 100%
Ely, Inc. 92,764 69%
Industrial Energy Applications Inc. 11,907,613 100%
INDUSTRIAL ENERGY APPLICATIONS, INC.
IEA-HES LLC 1,808,476 50%
BFC Gas Co. LLC 3,538,091 51%
IEA Delaware Inc. 9,190,993 100%
IEA DELAWARE INC.
Rusk Co. Pipeline Joint Venture 9,190,993 99%
IES INVESTMENTS INC.
Village Lakeshares Inc. 3,569,276 100%
Iowa Land and Building Company 3,143,755 100%
Prairie Ridge Business Park, L.P. 740,606 70%
Center Place Limited Partnership 26,626 29%
IES Investco Inc. 549,357 100%
2001 Development Corporation 3,860,858 55%
Blairs Ferry Limited Partnership 434,235 89%
OSADA I Limited Partnership 1,540,250 82%
Iowa Venture Capital Fund 67,953 N/A
Atlantic Sundance Apartments, L.P. 957,458 N/A
McLeodUSA, Inc. 431,934,442 14%
2001 DEVELOPMENT CORPORATION
2002 Development Corporation 93,676 100%
2060 Limited Partnership 1,779,705 80%
Center Place Limited Partnership 170,004 36%
</TABLE>
42
<PAGE> 43
<TABLE>
<S> <C> <C>
3001 LLC. 1,909,699 50%
2,043,385
IES INTERNATIONAL INC.
Interstate Energy Corporation PTE Ltd. 22,959,427 100%
IES New Zealand Ltd. 21,507,765 100%
IES Brazil Limitada - 100%
IES Brazil - 100%
Centelha S.A. 100%
Brazil West Energy Limitada 100%
Grandlight Holding Ltd. 4,241,071 100%
IEC PTE LTD.
Jiaxing JIES Power & Heat Co., Ltd. 12,508,773 50%
Tongxiang TIES Power & Heat Co., Ltd. 7,274,278 50%
IES NEW ZEALAND LTD.
Powerco Limited 15,261,468 9%
Central Power Limited 7,794,423 10%
TransAlta New Zealand Ltd. 1,153 0%
Power New Zealand 3,616 0%
Bay of Plenty Elec. Ltd. 4,180 0%
EnerCo NZ Ltd. 3,443 0%
Natural Gas Corp. Holdings Ltd. 1,382 0%
WEL Energy Group 3,968 0%
GRANDELIGHT HOLDING COMPANY
Peak Pacific IC 4,241,071 65%
</TABLE>
CAPITAL SQUARE FINANCIAL CORPORATION
<TABLE>
<S> <C>
Norlight Limited Partnership 50,000 33%
</TABLE>
HEARTLAND PROPERTIES, INC.
<TABLE>
<S> <C> <C>
WPLH Commodities Trading LLC. 4,406,064 83%
Marshfield Tower Hall Apartments, L.P. 11,086 1%
Numerous low-income housing projects
</TABLE>
HEARTLAND ENVIRONMENTAL HOLDING COMPANY
43
<PAGE> 44
<TABLE>
<S> <C> <C>
RMT, Inc. 100%
Entra Technologies Co. 100%
RMT, INC.
RMT of Ohio 48%
RMT of North Carolina, Inc. 100%
RMT of Michigan, Inc. 100%
Jones & Neuse, Inc. 100%
Quality Environmental Systems, Inc. 100%
RMT International Inc. 100%
Marshfield Tower Hall Apartments, L.P. 99%
=========
1,097,513
HEARTLAND ENERGY GROUP, INC.
IEA-HES LLC. 1,808,476 50%
HEARTLAND ENERGY SERVICES, INC.
WPLH Commodities Trading LLC. (74,853) 17%
WPLH COMMODITIES TRADING LLC.
Cargill-IEC LLC 4,352,770 50%
</TABLE>
44
<PAGE> 45
<TABLE>
<CAPTION>
Number of
WISCONSON POWER AND LIGHT Ownership Par Value Original Cost Shares Carrying Value
INVESTMENTS AS OF MARCH 31, 1998 Interest per Share of Investment Held as of 3/31/98
-------- --------- ------------- --------- --------------
<S> <C> <C> <C> <C> <C>
South Beloit Water Gas and Electric 100% 100 (a) 24,400 $2,440,000.00
REAC 100% 100 $124,802.03 100 ($469,368.37)(b)
Wisconsin River Power 33% 100 (a) 31,000 $5,254,048.67
Wisconsin Valley Improvement 13% 10 (a) 18,612 $ 186,120.00
</TABLE>
(a) Information is not available due to age of investment.
(b) Corporation was dissolved on 6/30/98.
(c) Charter date
45
<PAGE> 46
INVESTMENTS IN OTHER COMPANIES
10. Give a tabulation showing all investments of the registrant and of each
subsidiary thereof in holding companies and in public utility companies
which are not subsidiary companies of the registrant. Also show all
other investments of the registrant and of each subsidiary thereof in
the securities of any other enterprise, if the book value of the
investment in any such enterprise exceeds 2% of the total debit
accounts shown on the balance sheet of the company owning such
investment or an amount in excess of $25,000 (whichever amount is the
lesser). Give principal amount and number of shares or units and the
cost of each issue of such securities to the system company originally
acquiring such security, and amount at which carried on the books of
the owner. List all such securities pledged as collateral for loans or
other obligations and identify loans and obligations for which pledged.
This information should be given as of the same date as the information
furnished in answer to Item 8. By permission of the Staff, Items 10(a)
and (b) include only investments where the book value of the investment
exceeds the greater of (i) 2% of the total debit accounts shown on the
balance sheet of the company owning such investment and (ii) an amount
in excess of $25,000.)
(a) Investments of the registrant and of each subsidiary thereof
in holding companies and in public utility companies which are
not subsidiary companies of the registrant:
None.
(b) Investments of the registrant and of each subsidiary thereof in the
securities of other enterprises: {the following is an example}
46
<PAGE> 47
DLJ MERCHANT BANKING PARTNERS, L.P.
DLJMB OVERSEAS PARTNERS, C.V.
PORTFOLIO VALUATION SUMMARY
MARCH 31, 1998
IES INVESTCO INC.
<TABLE>
<CAPTION>
Amount
of Carrying
Investment Value
------------ ------------
<S> <C> <C>
BCP/Essex Holdings, Inc. $ 146,036 $ --
Evergreen Media Corporation 203,454 --
Hampshire Holdings Corporation 56,832 --
Nimbus CD International, Inc. 75,939 --
Argyle Television Holdings, Inc. 234,169 --
OSi Specialties Holding Company 176,931 --
NACOLAH Holding Corporation 47,848 --
Coastal Capital Funding Corporation 345,958 --
Cambridge Industries Group 235,337 --
IVAC Holdings, Inc. 209,192 --
SDW Holdings Corporation 339,938 --
Total Renal Care, Inc. 54,913 --
Katz Media Group, Inc. 209,193 --
Fiberite Holdings, Inc. 164,434 --
OSF Holding, Inc. 142,896 17,990
Doane Products Company 130,503 44,980
Jitney-Jungle Stores of America, Inc. 148,258 14,284
Guitar Center Management Co., Inc. 101,983 27,131
Nebco Evans Holdings, Inc. 114,729 22,990
Brand Scaffolding, Inc. 134,045 44,682
EZ Buy & EZ Sell Recycler 111,394 111,394
Corporation
Speciality Foods Acquisition 48,102 9,620
Corporation
Phase Metrics, Inc. 118,016 139,036
Terra Nova Group (2) 179,662 225,537
Manufacturers' Services Limited 391,886 391,886
Mallory Limitada (2) 108,128 31,701
McCulloch Corporation 271,178 271,178
Ceramica Zanon S.A. (2) 72,654 72,654
PT. Putra Surya Multifinance (2) 128,742 30,258
CommVault Systems, Inc. 134,822 134,822
OHA Financial, Inc. 133,095 147,993
</TABLE>
47
<PAGE> 48
<TABLE>
<S> <C>
IES INVESTMENTS INC.
INVESTMENT IN IOWA VENTURE CAPITAL FUND
CADSI
Composite Technologies Corp.
Great Midwestern Ice Cream Co.
J-TEC Associates Inc.
Kilpom Photo Products, Inc.
Monitronics International, Inc.
The TDJ Group, Inc.
Tubetech, Inc.
========
$ 65,781 TOTAL
======== CARRYING
VALUE
$150,000 ORIGINAL
======== INVESTMENT
</TABLE>
48
<PAGE> 49
CAPITAL SQUARE FINANCIAL CORPORATION AND HEARTLAND PROPERTIES, INC.
AFFILIATED LIMITED PARTNERSHIP/JOINT VENTURE
(There are 40 Partnership Affiliates + 3 "tax treatment joint ventures")*
<TABLE>
<CAPTION>
PARTNERSHIP NAME*
AND
PARTNERS
- ---------------------------------------------------------------------------------
<S> <C> <C>
641 WEST MAIN STREET LIMITED PARTNERSHIP
THE AFFORDABLE HOUSING FUND I,
A WISCONSIN LIMITED PARTNERSHIP
ATLANTIC SUNDANCE APARTMENTS, LIMITED PARTNERSHIP
THE AVENUE LIMITED PARTNERSHIP OF WISCONSIN
BARLOW FREDERIKSON LIMITED PARTNERSHIP
BELOIT SRO LIMITED PARTNERSHIP
</TABLE>
* HPI has direct and indirect interests in these 40 partnerships and 3 tax joint
ventures. The ownership interest and investment balances in each of these
entities is minimal.
49
<PAGE> 50
<TABLE>
<CAPTION>
PARTNERSHIP NAME
AND
PARTNERS
- ---------------------------------------------------------------------------------
<S> <C> <C>
CHIPPEWA FALLS AFFORDABLE HOUSING LIMITED PARTNERSHIP
CHURCHMAN WOODS SENIOR APARTMENTS, L.P.
CUDAHY II ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
DRYDEN DRIVE LIMITED PARTNERSHIP
EAU CLAIRE LONDON SQUARE ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
"THE FALCONER JOINT VENTURE"
GURNEE HOUSING ASSOCIATES, L.P.
</TABLE>
50
<PAGE> 51
<TABLE>
<CAPTION>
PARTNERSHIP NAME
AND
PARTNERS
- --------------------------------------------------------------------
<S> <C> <C>
HEARTLAND AFFORDABLE HOUSING-APPLETON PHASE II JOINT VENTURE
HEARTLAND PROPERTIES EQUITY INVESTMENT FUND I, A WISCONSIN LIMITED
PARTNERSHIP
HIGHLAND MANOR, L.P.
HISTORIC ELDORADO ASSOCIATES LIMITED PARTNERSHIP
HISTORIC LINCOLN MILL ASSOCIATES LIMITED PARTNERSHIP
HISTORIC RAVINE MILL ASSOCIATES LIMITED PARTNERSHIP
HOUSING PARTNERSHIP OF LAFAYETTE, LP
</TABLE>
51
<PAGE> 52
<TABLE>
<CAPTION>
PARTNERSHIP NAME
AND
PARTNERS
- --------------------------------------------------------------------
<S> <C> <C>
INDIANA HOUSING EQUITY FUND, L.P.
JANESVILLE JEFFRIS FLATS AFFORDABLE HOUSING LIMITED PARTNERSHIP, A
WISCONSIN LIMITED PARTNERSHIP
JANESVILLE KELLOGG ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
JANESVILLE WESLEY ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
KENOSHA AFFORDABLE HOUSING ASSOCIATES, A WISCONSIN LIMITED
PARTNERSHIP
LOGANSPORT HOUSING ASSOCIATES, L.P.
MARSHFIELD TOWER HALL ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
</TABLE>
52
<PAGE> 53
<TABLE>
<CAPTION>
PARTNERSHIP NAME
AND
PARTNERS
- --------------------------------------------------------------------
<S> <C> <C>
MILL VIEW APARTMENTS LIMITED PARTNERSHIP
NORLIGHT (A WI GENERAL PARTNERSHIP)
NORTHLAND MANAWA APARTMENTS LIMITED PARTNERSHIP
NORTHLAND NECEDAH APARTMENT LIMITED PARTNERSHIP
ORCHARD PLACE LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED
PARTNERSHIP
PHEASANT RUN APARTMENTS LIMITED PARTNERSHIP
"PLYMOUTH COMMUNITY HOUSING JOINT VENTURE"
RIVERVIEW POINTE LIMITED PARTNERSHIP, A LIMITED DIVIDEND HOUSING
ASSOCIATION
</TABLE>
53
<PAGE> 54
<TABLE>
<CAPTION>
PARTNERSHIP NAME
AND
PARTNERS
- ---------------------------------------------------------------------------------
<S> <C> <C>
"SHEBOYGAN COMMUNITY HOUSING JOINT VENTURE"
STATION HOUSE LIMITED PARTNERSHIP
VILLAGE PLAZA APARTMENTS LIMITED PARTNERSHIP
WAUPUN LINCOLN SCHOOL ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
WAUSAU CITY WALK ASSOCIATES, A WISCONSIN LIMITED PARTNERSHIP
WILLIAMSTOWN BAY-CUDAHY LIMITED PARTNERSHIP
YWCA HOUSING JOINT VENTURE
YWCA HOUSING LIMITED PARTNERSHIP
</TABLE>
54
<PAGE> 55
INDEBTEDNESS OF SYSTEM COMPANIES
11. List each indebtedness of the registrant and of each subsidiary company
thereof (other than indebtedness reported under Item 8, but as of the
same date) where the aggregate debt owed by any such company to any one
person exceeds $25,000 or an amount exceeding 2% of the total of the
debit accounts shown on the balance sheet of the debtor (which amount
is the lesser) but not including any case in which such aggregate
indebtedness is less than $5,000, and give the following additional
information as to each such indebtedness: (Note: By permission of the
staff, this item includes only indebtedness where the aggregate debt
owed by any such company to any one person exceeds the greater of: (i)
$25,000 and (ii) an amount exceeding 2% of the total of the debit
accounts shown on the balance sheet of the debtor).
55
<PAGE> 56
(a) Debts owed to associate companies at March 31, 1998:
INTERSTATE ENERGY CORPORATION
The following table provides intercompany receivables/payables as of March
31, 1998:
<TABLE>
<CAPTION>
Name of Name of Amount Rate of Date of
Debtor Creditor Owed Interest Maturity
- ---------------------------------------------------- ------------------------------------------ ---------- -------- --------
<S> <C> <C> <C> <C>
2002 Development Corporation (2002) 2001 Development Corporation (2001) 461,649 N/A N/A
2060 Limited Partnership (2060) 2001 Development Corporation (2001) 1,092,553 N/A N/A
2060 Limited Partnership (2060) IES Investments Inc. (INVESTMENTS) 1,071,791 N/A N/A
Capital Square Financial Corporation (Cap Square) Heartland Development Corporation (HDC) 1,818 N/A N/A
Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Industries Inc. (Industries) 622,078 N/A N/A
Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Transportation Inc. (Transportation) 40,546 N/A N/A
Ely, Inc. (Ely) IES Industries Inc. (Industries) 27 N/A N/A
Heartland Development Corporation (HDC) Wisconsin Power and Light Company (WPL) 272,189 N/A N/A
Heartland Energy Group, Inc. (HEG) Heartland Development Corporation (HDC) 52,441 N/A N/A
Heartland Energy Services, Inc. (HES) Heartland Development Corporation (HDC) 67 N/A N/A
Heartland Properties, Inc. (HPI) Capital Square Financial Corporation (Cap 1,754,453 N/A N/A
Square)
Heartland Properties, Inc. (HPI) Heartland Development Corporation (HDC) 36,267 N/A N/A
Heartland Properties, Inc. (HPI) Wisconsin Power and Light Company (WPL) 18,642 N/A N/A
IEA-HES L.L.C. (IEA-HES) Heartland Development Corporation (HDC) 4,137 N/A N/A
IEA-HES L.L.C. (IEA-HES) Whiting Petroleum Corporation (WPC) 390,480 N/A N/A
IEI Barge Services Inc. (Barge) IES Industries Inc. (Industries) 2,696 N/A N/A
IEI Barge Services Inc. (Barge) IES Utilities Inc. (Utilities) 2,572 N/A N/A
IEI Barge Services Inc. (Barge) IES Transportation Inc. (Transportation) 14,605 N/A N/A
IES Diversified Inc. (Diversified) IES Utilities Inc. (Utilities) 491,451 N/A N/A
IES Industries Inc. (Industries) IES Diversified Inc. (Diversified) 1,090,341 N/A N/A
IES Industries Inc. (Industries) IES Ventures Inc. (Ventures) 687 N/A N/A
IES Industries Inc. (Industries) IES Midland Development Corporation 65,077 N/A N/A
(Midland)
IES Industries Inc. (Industries) IES Transfer Services Inc. (TRANSFER) 1,391 N/A N/A
IES Industries Inc. (Industries) IES Investments Inc. (INVESTMENTS) 2,186,561 N/A N/A
IES Industries Inc. (Industries) Iowa Land & Building Company (ILBC) 391,609 N/A N/A
IES International Inc. (International) IES Industries Inc. (Industries) 1,689,479 N/A N/A
IES Investco Inc. (Investco) IES Industries Inc. (Industries) 144,040 N/A N/A
IES New Zealand Ltd. (New Zealand) IES Industries Inc. (Industries) 158,143 N/A N/A
IES New Zealand Ltd. (New Zealand) IES International Inc. (INTERNATIONAL) 2,003,815 N/A N/A
IES Transfer Services Inc. (TRANSFER) Cedar Rapids and Iowa City Railway 4,035 N/A N/A
Company (CRANDIC)
IES Transfer Services Inc. (TRANSFER) IES Utilities Inc. (Utilities) 26,694 N/A N/A
IES Transfer Services Inc. (TRANSFER) IES Transportation Inc. (Transportation) 1,401 N/A N/A
IES Transportation Inc. (Transportation) IES Utilities Inc. (Utilities) 47,535 N/A N/A
IES Utilities Inc. (Utilities) Cedar Rapids and Iowa City Railway 833,250 N/A N/A
Company (CRANDIC)
IES Utilities Inc. (Utilities) Industrial Energy Applications Inc. (IEA) 187,531 N/A N/A
IES Utilities Inc. (Utilities) IES Industries Inc. (Industries) (1)13,789,806 N/A N/A
IES Utilities Inc. (Utilities) Iowa Land & Building Company (ILBC) 28,487 N/A N/A
IES Utilities Inc. (Utilities) IES Midland Development Corporation 291,209 N/A N/A
(Midland)
IES Utilities Inc. (Utilities) IES Ventures Inc. (Ventures) 227,991 N/A N/A
Industrial Energy Applications Inc. (IEA) IES Industries Inc. (Industries) 362,700 N/A N/A
Industrial Energy Applications Inc. (IEA) IEA-HES L.L.C. (IEA-HES) 317,457 N/A N/A
Interstate Power Company (IPC) IES Industries Inc. (Industries) 22,442 N/A N/A
Interstate Power Company (IPC) IES Utilities Inc. (Utilities) 11,663 N/A N/A
Iowa Land & Building Company (ILBC) IES Diversified Inc. (Diversified) 140,712 N/A N/A
Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Development Corporation (HDC) 262,299 N/A N/A
Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Properties, Inc. (HPI) 301,447 N/A N/A
Prairie Ridge Business Park, L.P. (PRAIRIE RIDGE) IES Utilities Inc. (Utilities) 87 N/A N/A
RMT, Inc. (RMT) Heartland Development Corporation (HDC) 373,428 N/A N/A
RMT, Inc. (RMT) Heartland Properties, Inc. (HPI) 456,653 N/A N/A
RMT, Inc. (RMT) Marshfield Tower Hall Apartments, L.P. 828,882 N/A N/A
(MTH)
RMT, Inc. (RMT) Wisconsin Power and Light Company (WPL) 1,588 N/A N/A
South Beloit Water, Gas and Electric Company Wisconsin Power and Light Company (WPL) 737,171 N/A N/A
Whiting Petroleum Corporation (WPC) IES Industries Inc. (Industries) 1,221,296 N/A N/A
Whiting Petroleum Corporation (WPC) IES Utilities Inc. (Utilities) 776 N/A N/A
Wisconsin Power & Light Company (WPL) IES Industries Inc. (Industries) 28,643 N/A N/A
Wisconsin Power & Light Company (WPL) IES Utilities Inc. (Utilities) 12,796 N/A N/A
WPL Holdings, Inc. (WPLH) Marshfield Tower Hall Apartments, L.P. 71,164 N/A N/A
(MTH)
WPL Holdings, Inc. (WPLH) Wisconsin Power and Light Company (WPL) 597,022 N/A N/A
</TABLE>
(1) Includes $14,000,000 as dividends owed from IES Utilities Inc. to IES
Industries Inc.
56
<PAGE> 57
INTERSTATE ENERGY CORPORATION
The following table provides intercompany debt as of March 31, 1998:
<TABLE>
<CAPTION>
Name of Name of Amount Rate of Date of
Debtor Creditor Owed Interest Maturity
- ---------------------------------------------------- ------------------------------------------ ---------- -------- --------
<S> <C> <C> <C> <C>
Heartland Development Corporation (HDC) WPL Holdings, Inc. (WPLH) 11,832,993 7.50% N/A
Capital Square Financial Corporation (Cap Square) WPL Holdings, Inc. (WPLH) 12,774,998 7.50% N/A
Heartland Energy Group, Inc. (HEG) Heartland Development Corporation (HDC) 3,777,467 7.50% N/A
Heartland Energy Services, Inc. (HES) Heartland Development Corporation (HDC) 5,024,943 7.50% N/A
Heartland Properties, Inc. (HPI) WPL Holdings, Inc. (WPLH) 7,210,429 7.50% N/A
WPL Holdings Commodities Trading (WPLHCT) Heartland Development Corporation (HDC) 91,053 7.50% N/A
IES Transportation Inc. (Transportation) IES Diversified Inc. (Diversified) 9,494 7.00% N/A
Cedar Rapids and Iowa City Railway Company (CRANDIC) IES Diversified Inc. (Diversified) 15,103,085 7.00% N/A
IEI Barge Services Inc. (BARGE) IES Diversified Inc. (Diversified) 5,500,000 9.00% N/A
IES Diversified Inc. (Diversified) IEI Barge Services Inc. (BARGE) 235,222 9.00% N/A
IES Transfer Services Inc. (TRANSFER) IES Diversified Inc. (Diversified) 456,523 7.00% N/A
Industrial Energy Applications Inc. (IEA) IES Diversified Inc. (Diversified) 26,818,774 7.00% N/A
IES Diversified Inc. (Diversified) IEA-HES L.L.C. (IEA-HES) 3,023,378 7.00% N/A
Whiting Petroleum Corporation (WPC) IES Diversified Inc. (Diversified) 77,659,282 7.00% N/A
IES Investments Inc. (INVESTMENTS) IES Diversified Inc. (Diversified) 25,278,907 7.00% N/A
Iowa Land & Building Company (ILBC) IES Diversified Inc. (Diversified) 6,207,036 7.00% N/A
Heartland Development Corporation (HDC) RMT, Inc. (RMT) 4,028,656 7.50% N/A
Marshfield Tower Hall Apartments, L.P. (MTH) Heartland Development Corporation (HDC) 226,339 7.50% N/A
Heartland Environmental Holding Company (HEHC) Heartland Development Corporation (HDC) 2,028,961 7.50% N/A
Entra Heartland Development Corporation (HDC) 533,026 7.50% N/A
Quality Environmental Systems, Inc. (QES) Heartland Development Corporation (HDC) 286,716 7.50% N/A
IES Industries Inc. (Industries) IES Diversified Inc. (Diversified) 6,259,317 7.50% N/A
IES Investco Inc. (INVESTCO) IES Diversified Inc. (Diversified) 1,125,608 7.00% N/A
Village Lakeshares Inc. (LAKESHARES) IES Diversified Inc. (Diversified) 7,882,472 7.00% N/A
IES Diversified Inc. (Diversified) Prairie Ridge Business Park, L.P. 8,096 9.00% N/A
(PRAIRIE RIDGE)
IES International Inc. (INTERNATIONAL) IES Diversified Inc. (Diversified) 36,062,221 7.00% N/A
</TABLE>
Additional information relating to debts of the registrant and
subsidiary companies thereof owed to associate companies is set forth
in an Application-Declaration on Form U-1 filed by Interstate Energy
Corporation in connection with certain proposed short-term borrowing
and money pool arrangements.
57
<PAGE> 58
(b) Debts owed to others at March 31, 1998:
OMITTED BY PERMISSION OF THE STAFF.
PRINCIPAL LEASES
12. Describe briefly the principal features of each lease (omitting oil and gas
leases) to which the registrant or any subsidiary company thereof is a
party, which involves rental at an annual rate of more than $50,000 or an
amount exceeding 1% of the annual gross operating revenue of such party to
said lease during its last fiscal year (whichever of such sums is the
lesser) but not including any lease involving rental at a rate of less than
$5,000 per year.
By permission of the staff, this item includes only leases which involve
rental at an annual rate of the greater of (i) $50,000 and (ii) an amount
exceeding 1% of the annual gross operating revenue of such party to said
lease during its last fiscal year.
LEASES
<TABLE>
<CAPTION>
Lessee Lessor Description Amount
- ------ ------------------------------------- --------------------------------------------- -------------
<S> <C> <C> <C>
IES Arnold Fuel, Inc. Nuclear Fuel 16,600,000
IES EDS Credit Corporation Computer and Communication Equipment 2,292,680
IES IES Utilities Trust Office Rent 1,458,609
IES Xerox Corporation Office Equipment 290,070
IES IPC Substation and Transmission Facilities 285,443
IES MidAmerican Energy Corporation Substation and Transmission Facilities 265,115
IES Corn Belt Cooperative Substation and Transmission Facilities 172,268
IES Iowa Department of Natural Resources Land Rent 170,170
IES Resale Power Group of Iowa Transmission Facilities 125,988
IES First Security Bank of Utah Land Rent 73,479
IES Kenwood Records Business Records Storage 52,453
WPL Technical & Scientific Applications Workstation Rental 55,704.00
WPL Wisconsin Public Service Corp. Aurora Substation 57,096.00
WPL Adams-Columbia Electric Corp. Wheeling 57,548.02
WPL Wellington Properties Trust Apartment Rental, Parking, Furniture 79,896.00
WPL Water Works & Lighting Transmission Lease - Substation Leasing 121,576.77
WPL Northern States Power Co. Arpin Substation 311,225.00
WPL Portland General Electric Comp Railcar Lease 352,728.00
WPL Sun Prairie Water Transmission Lease - Reiner Road 76,020.60
WPL Burlington Northern Railroad Unit Train Lease 62,605.06
WPL Aloha Leasing Copy Equipment 55,373.76
WPL Konica Business Machines Copy Equipment 177,147.79
WPL Comdisco Disaster Recovery - Mainframe 109,270.90
WPL Telephone Pole Rental 205,603.99
WPL BOT Financial Columbia Unit Train 1,158,282.00
WPL CIT Group Columbia Unit Train 334,800.00
WPL BOT Financial Edgewater Unit Train 1,563,186.00
WPL MRC Rail Services Prairie Creek Unit Train 690,795.00
WPL Citicorp Prairie Creek Unit Train 825,000.00
WPL GATX Sutherland 483,600.00
WPL The CIT Group Unit Train Lease 397,988.08
WPL Unitrain Inc. Unit Train Lease 282,138.83
</TABLE>
58
<PAGE> 59
<TABLE>
<S> <C> <C> <C>
WPL City of Madison Parking - Civic Center 96,900.00
WPL Hovde Bldg LLC Parking - Hovde Building 51,720.00
WPL Dane County Parking 129,960.00
WPL West Washington Associates LLC Parking - Madison General Office 270,567.84
WPL Lot 6 Joint Venture II Annex 2 Warehouse 50,888.88
WPL Kurt Brose Local Office - Beloit 58,900.20
WPL One Parker Place, Partnership Customer Service Center & Dispatch - Janesville 152,232.48
WPL Evergreen Joint Venture I Annex 1 Warehouse 171,135.00
WPL Hovde Bldg LLC Hovde Building Lease 302,668.14
WPL West Washington Associates LLC Madison General Office Lease 1,887,693.65
IPC First National Bank of Maryland Lease of Coal Dozers 206,580.00
IPC IBM Lease of IBM Hardware and Software 187,173.00
IPC Dome Pipeline Corporation Lease of Pipeline Crossing Mississippi River 120,000.00
</TABLE>
<TABLE>
<S> <C> <C> <C>
HDC Wisconsin Power & Light Office Space 59,948
HDC Clairmont, Ltd. Office Space 207,470
HEG Bank One Building Office Space 78,994
HPI Meriter Office Space 141,978
HEHC Trizec Office Space 68,888
HEHC The Plymouth Woods Office Space 78,042
HEHC Miller Investments Office Space 71,280
HEHC National Plaza III Office Space 90,082
HEHC Seymour Logan Office Space 59,083
HEHC Great Lakes Reit Office Space 103,073
HEHC Highland Industrial Property Office Space 163,054
HEHC Caine Co Office Space 380,325
HEHC Centennial Office Space 60,689
HEHC Five Oaks Office Space 125,750
HEHC RS Property Fund Office Space 494,044
HEHC Atrium 10 Tower Office Space 79,211
HEHC Ares, Inc(WHMNY Real Estate) Office Space 57,510
HEHC Winthrop Computer Equipment 1,176,772
HEHC Xerox Copiers 84,848
</TABLE>
SECURITIES SOLD
13. If, during the last five years, the registrant or any subsidiary company
thereof has issued, sold or exchanged either publicly or privately any
securities having a principal amount, par, stated or declared value
exceeding $1,000,000 or exceeding an amount equal to 10% of the total
liabilities as shown by the balance sheet of issuer at the time of such
issue (whichever of such sums is the lesser), give the following
information with respect to each such issue or sale: (Note: By permission
of the staff, this item includes only issuances, sales and exchanges of
securities with a principal amount, par, stated or declared value exceeding
the greater of (i) $1,000,000 and (ii) an amount equal to 10% of the total
liabilities as shown by the balance sheet of issuer at the time of such
issue).
59
<PAGE> 60
IPC SECURITIES SOLD 1/1/93-12/31/97
<TABLE>
<CAPTION>
PROCEEDS RECEIVED APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS
AMOUNT ISSUED BY ISSUER PER $100 EXPENSES OF UNDERWRITERS INITIAL
TITLE OF ISSUE OR SOLD (BEFORE EXPENSES) ISSUER PER $100 OR PURCHASERS OFFERING PRICE
<S> <C> <C> <C> <C> <C>
First Mortgage Bonds
a) 7 5/8% Series $94,000,000 $97.673 $0.315 Salomon Brothers, Inc. 98.126%
Pollution Control Bonds
a) 6.35% Clinton 1994-A 5,650,000 100.000 2.500 Smith Barney Shearson 100.000%
b) 6.30% Lansing 1994-A 5,600,000 100.000 2.500 Smith Barney Shearson 100.000%
c) 6.25% Clinton 1994-B 1,000,000 100.000 2.500 Smith Barney Shearson 100.000%
d) 5.75% Lansing 1994-B 1,000,000 100.000 2.500 Smith Barney Shearson 100.000%
Preferred Stock
a) 6.40% 545,000 shares 27,250,000 92.112 0.425 Lehman Brothers 100.000%
Common Stock
a) DRP only* 463,073 NA NA NA NA
</TABLE>
WPLH SECURITIES SOLD
1/1/93-12/31/97
<TABLE>
<CAPTION>
PROCEEDS RECEIVED APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS
AMOUNT ISSUED BY ISSUER PER $100 EXPENSES OF UNDERWRITERS INITIAL
TITLE OF ISSUE OR SOLD (BEFORE EXPENSES) ISSUER PER $100 OR PURCHASERS OFFERING PRICE
<S> <C> <C> <C> <C> <C>
7% Debentures $105,000,000 $99.065 $0.183 Merrill Lynch & Co. $99.715
6.20% Preferred Stock $ 15,000,000 $99.125 $0.437 Goldman, Sachs & Co. $100.00
6.50% Preferred Stock $ 14,986,500 $97.000 $0.447 Robert W. Baird & Co. $100.00
Common Stock $ 53,250,000 $51,720,000 $0.290 Merrill Lynch $ 35.50/share
1,500,000 shares Total Proceeds
Received
$0.01/share par value
</TABLE>
60
<PAGE> 61
<TABLE>
<CAPTION>
PROCEEDS
RECEIVED BY APPROXIMATE UNDERWRITERS
ISSUER PER EXPENSES OF INITIAL
AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING
TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
<C> <C> <C> <C> <C> <C>
ISSUER == IES UTILITIES INC.
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
6.625% Senior Debentures due 2009 $ 135,000,000 $ 99.095 $0.542 * Chase Securities Inc., Salomon
Brothers Inc., Smith Barney
Inc., UBS Securities $ 99.595
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
6.875% Collateral Trust Bonds due 2007 $ 55,000,000 $ 99.674 $0.229 * Chase Securities Inc. $ 99.716
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
7.25% Collateral Trust Bonds due 2006 $ 60,000,000 $ 99.403 $0.452 * Citicorp Securities, Inc. $ 99.678
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
7 7/8% Subordinated Debentures due 2025 $ 50,000,000 $ 96.850 $3.733 * Morgan Stanley & Co., Dean
Witter Reynolds Inc., A.G.
Edwards & Sons, Inc., Piper
Jaffray Inc. $100.000
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ ------------
</TABLE>
61
<PAGE> 62
<TABLE>
<CAPTION>
PROCEEDS
RECEIVED BY APPROXIMATE UNDERWRITERS
ISSUER PER EXPENSES OF INITIAL
AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING
TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
<C> <C> <C> <C> <C> <C>
7.65% Collateral Trust Bonds due 2000 $ 50,000,000 $ 100.000 $0.241 * Metropolitan Life Insurance $100.000
Company, Metropolitan
Insurance and Annuity Company,
MetLife Security Insurance
Company of Louisiana
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
6% Collateral Trust Bonds due 2008 $ 50,000,000 $ 98.115 $0.864 * Morgan Stanley & Co,
Bear,Stearns & Co. Inc.,
Kemper Securities, Inc. $ 98.544
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
7% Collateral Trust Bonds due 2023 $ 50,000,000 $ 98.156 $0.719 * Morgan Stanley & Co, Kemper
Securities, Inc. $ 98.500
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
5.50% Collateral Trust Bonds due 2023 $ 19,400,000 $ 98.554 $3.055 * The First National Bank of
Chicago $100.000
Issued pursuant to financing agreements
with municipalities
- --------------------------------------- ------------- ------------ ----------- ------------------------------------ -----------
</TABLE>
<TABLE>
<CAPTION>
PROCEEDS
RECEIVED BY APPROXIMATE UNDERWRITERS
ISSUER PER EXPENSES OF INITIAL
AMOUNT ISSUED $100 (BEFORE ISSUER NAME OF PRINCIPAL UNDERWRITERS OFFERING
TITLE OF ISSUE OR SOLD EXPENSES) PER $100 OR PURCHASERS PRICE
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
<C> <C> <C> <C> <C> <C>
ISSUER = IES DIVERSIFIED INC.
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Variable Rate Credit Facility $ 25,000,000
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Variable Rate Credit Facility $ 48,500,000
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Variable Rate Credit Facility $ 43,745,000
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Variable Rate Credit Facility $ 47,860,000
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Variable Rate Credit Facility $ 9,908,000
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
ISSUER = 2060 PARTNERSHIP
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
7.75% Mortgage loan $ 10,000,000 $ 100.000 Firstar Corporation $100.00
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
ISSUER = 2002 DEVELOPMENT CORPORATION
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
8.69 % Mortgage loan $ 1,639,792 $ 100.000 Brenton Bank & Trust $100.00
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
Issuer = Center Place Limited
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
8.125% Mortgage $ 1,100,000 $ 100.000 Norwest Bank Iowa $100.00
- --------------------------------------- ------------- ------------ ----------- ------------------------------- ------------
</TABLE>
62
<PAGE> 63
Issuer: IES Industries Inc.
<TABLE>
<CAPTION>
PROCEEDS
RECEIVED BY APPROXIMATE NAME OF PRINCIPAL UNDERWRITERS
AMOUNT ISSUED OR ISSUER PER $100 EXPENSES OF UNDERWRITERS OR INITIAL
YEAR TITLE OF ISSUE SOLD (SHARES) (BEFORE EXPENSES) ISSUER PER $100 PURCHASERS OFFERING PRICE
- ---- --------------------------- ---------------- ----------------- --------------- ----------------- --------------
<S> <C> <C> <C> <C> <C> <C>
1993 Common Stock-No Par Value 2,300,000 $ 96.77 $0.3205 Morgan Stanley & Co., $100.00
Merrill Lynch & Co.,
Piper Jaffray Inc.
($29.03 per share) ($30.00 per share)
- ---------------------------------------------------------------------------------------- ---------------------------------------
1994 Common Stock-No Par Value 139,102 $100.00 Issued in exchange for $100.00
- ---------------------------------------------------------------------------------------- shares in an acquired
1995 Common Stock-No Par Value 75,638 $100.00 company
- -----------------------------------------------------------------------------------------------------------------------------------
Issued in exchange for $100.00
Shares issued under the following certain oil & gas
plans: properties
Dividend Reinvestment and Stock ---------------------------------------
Purchase Plan
Employee Stock Purchase Plan
Employee Savings Plan
Long-Term Incentive Plan
IES Bonus Stock Ownership Plan
Whiting Stock Option Plans
1993 447,225 $13,936,000
1994 547,056 $15,395,000
1995 655,731 $15,854,000
1996 578,245 $16,635,000
1997 502,854 $14,961,000
</TABLE>
63
<PAGE> 64
AGREEMENT FOR FUTURE DISTRIBUTION OF SECURITIES
14.(a) Summarize the terms of any existing agreement to which the
registrant or any associate or affiliate company thereof is a party or in which
any such company has a beneficial interest with respect to future distribution
of securities of the registrant or of any subsidiary.
Certain information regarding agreements with respect to future
distribution of securities of IEC and its Subsidiaries is set forth in the
following documents:
(i) Interstate Energy Corporation Long-Term Equity Incentive Plan
(incorporated by reference to Exhibit 4.1 to Interstate Energy Corporation's
Quarterly Report on Form 10-Q for the quarter ended June 30, 1994).
(ii) Rights Agreement, dated February 22, 1989, between Interstate
Energy Corporation (f/k/a WPL Holdings, Inc.) and Morgan Shareholder Services
Trust Company (incorporated by reference to Exhibit 4 to Interstate Energy
Corporation's Current Report on Form 8-K, dated February 27, 1989).
(iii) Interstate Energy Corporation Shareowner Direct Plan
(incorporated by reference to Interstate Energy Corporation's Registration
Statement on Form S-3 (Registration No. 333-26627)).
(iv) Interstate Energy Corporation 401(k) Savings Plan (incorporated
by reference to Exhibit 4.1 to Interstate Energy Corporation's Registration
Statement on Form S-8 (Registration No. 333-46735)).
64
<PAGE> 65
(b) Describe briefly the nature of any financial interest (other than the
ownership of securities acquired as a dealer for the purpose of
resale) which any person with whom such agreement exists, has in the
registrant or in any associate or affiliate company thereof.
The beneficiaries of the stock-based employee benefit plans referred
to above may be deemed to have a financial interest in the registrant
or associate or affiliate companies thereof by virtue of their
employment relationship with the registrant or such other companies,
and compensation, benefit and severance agreements and arrangements
relating to such employment.
TWENTY LARGEST HOLDERS OF CAPITAL STOCKS
15. As of a recent date (indicating such date for each class) give the
following information with respect to the holders of each class of
stock and/or certificates of beneficial interest of the registrant:
(a) The twenty largest registered holders of the common stock of
Interstate Energy Corporation, as of its most recent dividend
record date:
IEC shares can be held by certificate, through
dividend reinvestment plans, through employee investment
plans, through investment companies, and otherstreet name and
nominee accounts. Absent an unreasonable expenditure of time
and money, IEC has no way to determine the number of shares
held by each holder of beneficial interest. Accordingly, IEC
is only able to provide information as to shares registered
with IEC.
The following table sets forth IEC's Twenty largest
registered shareholders on the books as of March 31, 1998:
<TABLE>
<CAPTION>
PERCENTAGE OF
TOTAL
SHARES REGISTRATION SHARES OUTSTANDING
- ------------- ------------------------- ------------------
<S> <C> <C> <C>
46,683,509 CEDE & Co New York, NY 60.73
13,928,643 Shareowner Direct Plan Madison, WI 18.12
243,092 Thomas M Atkinson Tulsa, OK 0.32
166,400 Hart Securities Ltd Washington, DC 0.22
114,000 Allen W Pike Exeter, NH 0.15
100,879 James A Cape Atlanta, GA 0.13
62,000 Firstbank Co Ames, IA 0.08
61,229 Eureka Oil Co Denver, CO 0.08
56,655 C Dean Alford Conyers, GA 0.07
56,617(1) Lee Liu Cedar Rapids, IA 0.07
35,714 E Jane Lyons Rockford, IL 0.05
33,880 Dorothy P Erickson Des Moines, IA 0.04
33,703(1) Erroll B Davis Jr Madison, WI 0.04
32,262 Grob Inc Grafton WI 0.04
31,661 Edwin L Barnhart Fripp Island, SC 0.04
30,944 FMI Co Lincoln, NE 0.04
30,762 Statecenco a Partnership Keokuk, IA 0.04
29,159 Lance W Ahearn Fox Point, WI 0.04
26,722 C Dan Alford Conyers, GA 0.04
25,013 Citbanco a Partnership Storm Lake, IA 0.03
</TABLE>
65
<PAGE> 66
(1) per Interstate Energy Proxy Statement 5/22/98
(b) Number of shareholders of record each holding 1,000 shares or
more, and aggregate number of shares so held.
At the most recent record date, there were 7,247 shareholders
holding 1,000 shares or more. The aggregate number of shares
held by the shareholders was 61,946,348.
(c) Number of shareholders of record each holding less than 1,000
shares and the aggregate number of shares so held.
At the most recent record date, there were 69,307 shareholders
holding 1,000 shares or less. The aggregate number of shares
held by these shareholders was 14,961,151.
OFFICERS, DIRECTORS AND EMPLOYEES
16.(a) Positions and Compensation of Officers and Directors. Give
name and address of each director and officer (including any
person who performs similar functions) of the registrant, of
each subsidiary company thereof, and of each mutual service
company which is a member of the same holding company system.
Opposite the name of each such individual give the title of
every such position held by him and briefly describe each
other employment of such individual by each such company.
State the present rate of compensation on an annual basis for
each director whose aggregate compensation from all such
companies exceeds $1,000 per year, and of each officer whose
aggregate compensation from such companies is at the rate of
$20,000 or more per year. In the event any officer devotes
only part of his time to a company or companies in the system
this fact should be indicated by appropriate footnote. Such
compensation for such part time should be computed on an
annual rate and if such annual rate exceeds $20,000 the actual
compensation as well as annual rate should also be reported.
(b) Compensation of Certain Employees. As to regular employees of
such companies who are not directors or officers of any one of
them, list the name, address and aggregate annual rate of
compensation of all those who receive $20,000 or more per year
from all such companies.
66
<PAGE> 67
(c) Indebtedness to System Companies. As to every such director,
trustee or officer as aforesaid, who is indebted to any one of
such companies, or on whose behalf any such company has now
outstanding and effective any obligation to assume or
guarantee payment of any indebtedness to another, and whose
total direct and contingent liability to such company exceeds
the sum of $1,000, give the name of such director, trustee, or
officer, the name of such company and describe briefly the
nature and amount of such direct and contingent obligations.
(d) Contracts. If any such director, trustee or officer as
aforesaid:
(1) has an existing contract with any such company
(exclusive of an employment contract which provides
for no compensation other than that set forth in
paragraph (a) of this Item); or,
(2) either individually or together with the members of
his immediate family, owns, directly or indirectly,
5% or more of the voting securities of any third
person with whom any such company has an existing
contract; or,
(3) has any other beneficial interest in an existing
contract to which any such company is a party;
describe briefly the nature of such contract, the
names of the parties thereto, the terms thereof and
the interest of such officer, trustee or director
therein.
(e) Banking Connections. If any such director, trustee or officer,
is an executive officer, director, partner, appointee or
representative of any bank, trust company, investment banker,
or banking association or firm, or of any corporation a
majority of whose stock having the unrestricted right to vote
for the election of directors, is owned by any bank, trust
company, investment banker, or banking association or firm,
state the name of such director or officer, describe briefly
such other positions held by him and indicate which of the
rules under Section 17(c) authorizes the registrant and
subsidiary companies of which he is a director or officer to
retain him in such capacity.
By permission of the Staff, information required to be disclosed in
items 16(a) through 16(e) is not set forth in this filing, but
instead is set forth in the Proxy Statement of IEC distributed in
connection with the 1998 Annual Meeting of Shareholders or in the
Annual Reports on Form 10-K for the year ending December 31, 1997
for WPLH, IESI and IPC, and such information is hereby incorporated
by reference. The Proxy Statement is submitted as Exhibit F-8 to
this filing. The Annual Reports on Form 10-K for WPLH, IESI and IPC
are submitted as Exhibits F-1, F-2 and F-3, respectively.
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<PAGE> 68
INTERESTS OF TRUSTEES IN SYSTEM COMPANIES
17. Describe briefly the nature of any substantial interest which any trustee
under indentures executed in connection with any outstanding issue of securities
of the registrant or any subsidiary thereof, has in either the registrant or
such subsidiary, and any claim which any such trustee may have against
registrant or any subsidiary; provided, however, that it shall not be necessary
to include in such description any evidences of indebtedness owned by such
trustee which were issued pursuant to such an indenture.
To the knowledge of IEC's management, there is no such interest.
SERVICE, SALES AND CONSTRUCTION CONTRACTS
18. As to each service, sales or construction contract (as defined in paragraphs
(19) to (21) of Section 2(a) of the Act) which the registrant and any subsidiary
company thereof has had in effect within the last three months, describe briefly
the nature of such contract, the name and address of the parties thereto, the
dates of execution and expiration, and the compensation to be paid thereunder.
Attach typical forms of any such contracts as an exhibit to this registration
statement. If the other party to any such contract is a mutual service company
or a subsidiary service company which is a member of the same holding company
system as the registrant and as to which the Commission has made a favorable
finding in accordance with Rule 13-22, specific reference may be made to the
application or declaration filed by such company pursuant to Rule 13-22 and no
further details need be given as to such contracts.
See the Utility Service Agreement dated May 24, 1998 by and among WPL, IESU, IPC
and Alliant Services Company filed as Exhibit D-6 to the Application-Declaration
of WPLH, IESI and IPC on Form U-1, as amended, in File No. 70-8891 and approved
by the order of the Commission dated April 14, 1998 with respect thereto, and
the Non-Utility Service Agreement, dated May 24, 1998 by and among Alliant
Industries, Inc., IPC Development Corporation and Alliant Services Company
(filed as Exhibit D-7 to the Application-Declaration of WPLH, IESI and IPC on
Form U-1, as amended, in File No. 70-8891 and approved by the order of the
Commission dated April 14, 1998 with respect thereto). The Non-Utility Service
Agreement is provided as Exhibit H-1 to this filing; the Utility Service
Agreement is provided as Exhibit H-2 to this filing.
As additional agreements are subsequently entered into, copies will be provided
by amendment.
68
<PAGE> 69
LITIGATION
19. Describe briefly any existing litigation of the following descriptions, to
which the registrant or any subsidiary company thereof is a party, or of which
the property of the registrant or any such subsidiary company is the subject,
including the names of the parties and the court in which such litigation is
pending:
(1) Proceedings to enforce or to restrain enforcement of any order
of a State commission or other governmental agency;
(2) Proceedings involving any franchise claimed by any such
company;
(3) Proceedings between any such company and any holder, in his
capacity as such, of any funded indebtedness or capital stock
issued, or guaranteed by such company, or between any such
company and any officer thereof;
(4) Proceedings in which any such company sues in its capacity as
owner of capital stock or funded indebtedness issued or
guaranteed by any other company;
(5) Each other proceeding in which the matter in controversy,
exclusive of interest and costs, exceeds an amount equal to 2%
of the debit accounts shown on the most recent balance sheet
of such company.
Information regarding litigation involving IEC and its subsidiaries is
set forth in the following documents, which are attached as Exhibits F-1, F-2
and F-3, respectively: Item 3 of WPLH's Annual Report on Form 10-K for the
period ending December 31,1997; Item 3 of IESI's Annual Report on Form 10-K for
the period ending December 31, 1997; and Item 3 of IPC's Annual Report on Form
10-K for the period ending December 31, 1997.
EXHIBITS
EXHIBIT A. Furnish a corporate chart showing graphically relationships existing
between the registrant and all subsidiary companies thereof as of the same date
as the information furnished in the answer to Item 8. The chart should show the
percentage of each class voting securities of each subsidiary owned by the
registrant and by each subsidiary company. (Note: the chart is based on
information that is more recent than the date of the information used to answer
Item 8). Provided in paper format under cover of Form SE.
EXHIBIT B. With respect to the registrant and each subsidiary company thereof,
furnish a copy of the charter, articles of incorporation, trust agreement,
voting trust agreement, or other fundamental document of organization, and a
copy of its by-laws, rules and regulations, or other instruments corresponding
thereto. If such documents do not set forth fully the rights, priorities and
preferences of the holders of each class of capital stock described in the
answer to Item 8(b) and those of the holders of any warrants, options or other
securities described in the answer to Item 8(d), and of any limitations on such
rights, there shall also be included a copy of each
69
<PAGE> 70
certificate, resolution or other document establishing or defining such rights
and limitations. Each such document shall be in the amended form effective at
the date of filing the registration statement or shall be accompanied by copies
of any amendments to it then in effect.
By permission of the Staff, in lieu of the exhibits required hereunder, the
disclosure requirements for Exhibit B have been limited to (i) the state of
incorporation for the registrant and each of its subsidiary companies and (ii) a
brief description of every subsidiary company of the registrant including a
statement as to whether each such company is active or inactive. Such
Information is set forth in Items 4 and 5 hereof.
EXHIBIT C.
(a) With respect to each class of funded debt shown in the answers to Items
8(a) and 8(c), submit a copy of the indenture or other fundamental
document defining the rights of the holders of such security, and a
copy of each contract or other instrument evidencing the liability of
the registrant or a subsidiary company thereof as endorser or guarantor
of such security. Include a copy of each amendment of such document and
of each supplemental agreement, executed in connection therewith. If
there have been any changes of trustees thereunder, such changes,
unless otherwise shown, should be indicated by notes on the appropriate
documents. No such indenture or other document need be filed in
connection with any such issue if the total amount of securities that
are now, or may at any time hereafter, be issued and outstanding
thereunder does not exceed either $1,000,000 or an amount equal to 10%
of the total of the debit accounts shown on the most recent balance
sheet of the registrant or subsidiary company which issued or
guaranteed such securities or which is the owner of property subject to
the lien of such securities, whichever of said sums is the lesser.
OMITTED BY PERMISSION OF THE STAFF.
(b) As to each outstanding and uncompleted contract or agreement entered
into by registrant or any subsidiary company thereof relating to the
acquisition of any securities, utility assets (as defined in Section
2(a)(18) of the Act), or any other interest in any business, submit a
copy of such contract or agreement and submit details of any
supplementary understandings or arrangements that will assist in
securing an understanding of such transactions.
OMITTED BY PERMISSION OF THE STAFF.
EXHIBIT D. A consolidating statement of income and surplus of the registrant and
its subsidiary companies for its last fiscal year ending prior to the date of
filing this registration statement, together with a consolidating balance sheet
of the registrant and its subsidiary companies as of the close of such fiscal
year.
The consolidating financial statements of IEC and its subsidiaries have been
provided in Exhibit D-1 in paper format under cover of Form SE.
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<PAGE> 71
EXHIBIT E. For each public utility company and natural gas producing and pipe
line property in the holding company system of the registrant, furnish the
following maps (properties of associate companies operating in contiguous or
nearby areas may be shown on the same map, provided property and service areas
of each company are shown distinctively).
(1) Map showing service area in which electric service is
furnished, indicating the names of the companies serving
contiguous areas;
(2) Electric system map showing location of electric property
(exclusive of local distribution lines) owned and/or operated,
and information as follows:
(a) Generating plants--kind and capacity;
(b) Transmission lines--voltage, number of circuits, kind
of supports, kind and size of conductors;
(c) Transmission substations--capacity.
OMITTED BY PERMISSION OF THE STAFF.
(d) Distribution substations--capacity.
OMITTED BY PERMISSION OF THE STAFF.
(e) Points of interconnection with all other electric
utility companies and with all electrical enterprises
operated by municipal or governmental agencies,
giving names of such companies and enterprises;
(3) Map showing service area in which gas service is furnished,
indicating the names of companies serving contiguous areas;
(4) Gas system map showing location of gas property (exclusive of
low pressure local distribution lines) owned and/or operated,
and information as follows:
(a) Generating plants--kind and daily capacity;
OMITTED BY PERMISSION OF THE STAFF.
(b) Holders--kind and capacity;
OMITTED BY PERMISSION OF THE STAFF.
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<PAGE> 72
(c) Compressor stations--capacity in horsepower;
OMITTED BY PERMISSION OF THE STAFF.
(d) Transmission pipe lines--size, approximate average
transmission pressure and the estimated daily
delivery capacity of the system;
(e) Points of interconnection with all other private and
public gas utilities, pipe lines or producing
enterprises; giving names of such companies and other
enterprises;
(f) General location and outline of gas producing and
reserve areas and diagrammatic location of gathering
lines.
The available maps have been provided as Exhibits E-1 through E-5 in paper
format under cover of Form SE. Please note that IEC is currently still
developing the gas system maps that will be responsive to the request for
information in this Form and will file such updated maps with the SEC as soon as
they are completed as supplemental Exhibits to this filing.
EXHIBIT F. Furnish an accurate copy of each annual report for the last fiscal
year ending prior to the date of the filing of this registration statement,
which the registrant and each subsidiary company thereof has previously
submitted to its stockholders. For companies for which no reports are submitted
the reason for omission should be indicated; provided that electronic filers
shall submit such reports in paper format only under cover of Form SE.
Annual Reports on Forms 10-K for WPLH, IESI, IPC, WPL and IESU have been
provided hereto as Exhibits F-1, F-2, F-3, F-4 and F-5, respectively.
EXHIBIT G. Furnish a copy of each annual report which the registrant and each
public utility subsidiary company thereof shall have filed with any State
commission having jurisdiction to regulate public utility companies for the last
fiscal year ending prior to the date of filing this registration statement. If
any such company shall have filed similar reports with more than one such State
commission, the registrant need file a copy of only one of such reports provided
that notation is made of such fact, giving the names of the different
commissions with which such report was filed, and setting forth any differences
between the copy submitted and the copies filed with such other commissions. In
the event any company submits an annual report to the Federal Power Commission
but not to a State commission, a copy of such report should be furnished. In the
case of a registrant or any public utility subsidiary company for which no
report is appended the reasons for such omission should be indicated such as "No
such reports required or filed;" provided that electronic filers shall submit
such reports in paper format only under cover of Form SE.
72
<PAGE> 73
EXHIBIT H. Typical forms of service, sales or construction contracts described
in answer to Item 18.
This registration statement comprises:
(a) Pages numbered 1 to 75, consecutively.
(b) The following Exhibits: the Exhibits shown on the attached exhibit
index.
73
<PAGE> 74
INDEX OF EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
A-1 Intentionally left blank
A-2 Corporate chart of IEC and its subsidiary companies
EXHIBIT LIST
<TABLE>
<CAPTION>
Exhibit
Number Exhibit (Note that all exhibits were
- ------ ------- submitted in paper format
under cover of Form SE)
<S> <C>
D-1 WPL Holdings, Inc., IES Industries Inc. and Interstate Power
Company, "1997 Financial Information," includes Consolidated
Financial Statements and accompanying notes as of December 31,
1997 (pages 30-48).
E-1 Map of Alliant Service Territory (showing electric, gas and
combined electric and gas service territories).
E-2 Map of Alliant Service Territory.
E-3 Map of Electric Transmission Lines of Wisconsin Power and Light
Company.
E-4 Map of Electric Transmission Lines of Interstate Power Company.
E-5 Map of Electric Transmission Lines of IES Utilities Inc.
E-6 Wisconson Power and Light Gas System Maps
E-7 Gas Service Area of Wisconsin Power and Light Company as
portrayed in ANR Pipeline Company Map, dated September,
1991
E-8 Alliant Electric & Gas Utility Map (showing locations of gas
facilities of Alliant by township), dated June 9, 1998
E-9 Alliant Gas Service by Municipality-Illinois, Iowa, Minnesota
and Wisconsin, April 1998
E-10 Alliant Gas Service by Municipality-Illinois, Iowa, Minnesota
and Wisconsin, April 1998, version 2 showing certain pipelines
of competitors
E-11 IES Utilities Inc.-Gas Service Area and Pipeline Map
F-1 Annual Report of WPL Holdings, Inc. on Form 10-K, December 31,
1997.
F-2 Annual Report of IES Industries Inc. on Form 10-K, December 31,
1997.
F-3 Annual Report of Interstate Power Company on Form 10-K, December
31, 1997.
F-4 Annual Report of Wisconsin Power and Light Company on Form 10-K,
December 31, 1997.
F-5 Annual Report of IES Utilities Inc. on Form 10-K, December 31,
1997.
F-6 Alliant Corporation Annual Report to Shareholders, December 31,
1997.
F-7 Wisconsin Power and Light Company Proxy Statement distributed for
July 17, 1998 Annual Meeting of Shareholders, dated May 27, 1998.
F-8 Interstate Energy Corporation Proxy Statement distributed for June
24, 1998 Annual Meeting of Shareholders, dated May 22, 1998.
F-9 Quarterly Report of Interstate Energy Corporation (WPL Holdings,
Inc.) on Form 10-Q, March 31, 1998.
F-10 Quarterly Report of Interstate Energy Corporation on Form 10-Q,
June 30, 1998.
F-11 Quarterly Report of Wisconsin Power and Light Company on Form
10-Q, March 31, 1998.
F-12 Quarterly Report of IES Utilities Inc. on Form 10-Q, March 31,
1998.
G-1 FERC Form No. 1, IES Utilities Inc., December 31, 1997
G-2 FERC Form No. 1, Wisconsin Power and Light Company, December 31,
1997
G-3 FERC Form No. 1, South Beloit Water, Gas and Electric Company,
December 31, 1997
</TABLE>
Page 2
<TABLE>
<CAPTION>
Exhibit
Number Exhibit
- ------ -------
<S> <C>
G-4 FERC Form No. 1, Interstate Power Company, December 31, 1997
G-5 FERC Form No. 2, IES Utilities Inc., December 31, 1997.
G-6 FERC Form No. 2, Interstate Power Company, December 31, 1997.
G-7 Annual Report of Wisconsin Power and Light Company to Public
Service Commission of Wisconsin, December 31, 1997
G-8 Annual Report of Rate Regulated Electric Utilities on Form IE-1 of
IES Utilities Inc. to the Iowa Utilities Board, December 31, 1997.
G-9 Annual Report of Rate Regulated Electric Utilities on Form IE-1 of
Interstate Power Company to the Iowa Utilities Board, December 31,
1997.
G-10 Annual Report of Rate Regulated Gas Utilities on Form IG-1 of IES
Utilities Inc., December 31, 1997.
G-11 Annual Report of Rate Regulated Gas Utilities on Form IG-1 of
Interstate Power Company, December 31, 1997.
G-12 Electric Jurisdictional Annual Report of Interstate Power Company
to the State of Minnesota Department of Public Service, December
31, 1997.
G-13 Gas Jurisdictional Annual Report of Interstate Power Company to
the State of Minnesota Department of Public Service, December 31,
1997.
G-14 Annual Report of Licensees and/or Natural Gas Utilities to the
Illinois Commerce Commission filed by Interstate Power Company,
December 31, 1997.
G-15 Annual Report of Licensees and/or Natural Gas Utilities to the
Illinois Commerce Commission filed by South Beloit Water, Gas and
Electric Company, December 31, 1997.
H-1 Non-Utility Service Agreement, dated May 24, 1998.
H-2 Utility Service Agreement, dated May 24, 1998.
</TABLE>
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<PAGE> 75
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the registrant has caused this registration statement to be
duly signed on its behalf in the City of Madison and State of Wisconsin on the
2nd day of September, 1998.
Interstate Energy Corporation
By /s/ Erroll B. Davis, Jr.
-----------------------------------------
Erroll B. Davis, Jr.
President and Chief Executive Officer
Attest:
/s/ Edward M. Gleason
- --------------------------
Edward M. Gleason
Secretary
VERIFICATION
State of Wisconsin )
) ss.
County of Dane )
The undersigned, being duly sworn, deposes and says that he
has duly executed the attached registration statement dated September 2, 1998,
for and on behalf of Interstate Energy Corporation; that he is the President
and Chief Executive Officer of such company; and that all action by
shareholders, directors, and other bodies necessary to authorize deponent to
execute and file such instrument has been taken. Deponent further says that he
is familiar with such instrument and the contents thereof, and that the facts
therein set forth are true to the best of his knowledge, information and
belief.
/s/ Erroll B. Davis, Jr.
-------------------------------------
Erroll B. Davis, Jr.
President and Chief Executive Officer
Subscribed and sworn to before me
this 2nd day of September, 1998.
/s/ Barbara J. Swan
- -----------------------------------
Barbara J. Swan
75
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