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Exhibit A
Page 1 of 3
MYR GROUP INC.
Consolidated Balance Sheet
As of September 30, 2000
---------------------
(Unaudited)
Assets
Current Assets:
Accounts receivable:
Contract $112,296,483
Other 1,506,910
Cost and estimated earnings in excess
of billings on uncompleted contracts 28,845,918
Prepaid deferred taxes 9,152,339
Other 807,216
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Total current assets 152,608,866
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Fixed Assets:
Land 930,807
Building and improvements 4,345,317
Construction equipment 48,835,729
Office equipment 5,989,580
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Total fixed assets 60,101,433
Accumulated depreciation (43,387,822)
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Net fixed assets 16,713,611
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Goodwill, net 162,829,302
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Deferred Debits and Other Assets 3,611,949
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Total Assets $335,763,728
===========
<PAGE>
Exhibit A
Page 2 of 3
MYR GROUP INC.
Consolidated Balance Sheet
As of September 30, 2000
---------------------
(Unaudited)
Liabilities and Stockholder's Equity
Current Liabilities:
Notes payable $ 11,725,576
Accounts payable 18,201,753
Billings in excess of cost and estimated
earnings on uncompleted contracts 21,751,226
Income taxes payable 4,754,989
Other 31,559,935
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Total current liabilities 87,993,479
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Long-Term Liabilities:
Deferred income taxes 1,924,288
Due to parent company - GPU 17,300,000
Other 381,167
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Total long-term liabilities 19,605,455
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Stockholder's Equity:
Common stock 67,143
Capital surplus 224,201,801
Retained earnings 3,895,850
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Total stockholder's equity 228,164,794
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Total Liabilities and Stockholder's Equity $335,763,728
===========
<PAGE>
Exhibit A
Page 3 of 3
MYR GROUP INC.
Consolidated Statement of Income
For the Period of April 26, 2000 through September 30, 2000
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(Unaudited)
Operating Revenues $273,087,216
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Operating Expenses:
Operation and maintenance 243,386,300
Depreciation and amortization 3,450,595
Taxes, other than income taxes 18,501,542
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Total operating expenses 265,338,437
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Operating Income 7,748,779
Other income/(expense), net 374,141
Interest charges (500,970)
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Income Before Income Taxes 7,621,950
Income taxes 3,726,114
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Net Income $ 3,895,836
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