10
FORM U-3A-2/A
Adopted November 9, 1939
File No._____
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
Statement by Holding Company Claiming Exemption
Under Rule U-2 from the Provisions
of the Public Utility Holding Company Act of 1935
To be filed annually prior to March 1
ILLINOIS POWER COMPANY
(Name of Company)
hereby files with the Securities and Exchange Commission,
pursuant to Rule U-2, its statement claiming exemption as a
holding company from the provisions of the Public Utility
Holding Company Act of 1935. In support of such claim for
exemption the following information is submitted:
1. Name, State of organization, location and nature of
business of claimant and every subsidiary thereof.
Name of Company State of Location Nature of
Organization Business
Illinois Power Illinois Decatur, Electric and Gas
Company Illinois Utility
Electric Energy, Illinois Joppa, Illinois Electric
Inc. Generation (1)
IP Gas Supply Illinois Decatur, Gas Exploration
Company Illinois (2)
Illinois Power Illinois Decatur, Lessor of
Fuel Company Illinois Nuclear Fuel (3)
IP Group, Inc. Illinois Decatur, Participation in
Illinois Independent
Power Generation
Market and Other
Unregulated
Energy-Related
Activities (4)
Illinova Illinois Decatur, None (5)
Corporation Illinois
IP Merging Illinois Decatur, None (6)
Corporation Illinois
IPG Dominguez, Illinois Decatur, Participation in
Co. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Lap Cogen, Illinois Decatur, Participation in
Inc. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Aztec, Co. Illinois Decatur, Participation in
Illinois Specific
Projects in
Independent
Power Market (7)
IPG Panorama, Illinois Decatur, Participation in
Co. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Canfield, Illinois Decatur, Participation in
Co. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Western, Illinois Decatur, Participation in
Inc. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Eastern, Illinois Decatur, Participation in
Inc. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Ferndale, Illinois Decatur, Participation in
Inc. Illinois Specific
Projects in
Independent
Power Market (7)
IPG Illinois Decatur, Participation in
Frederickson, Illinois Specific
Inc. Projects in
Independent
Power Market (7)
IPG Sterling, Illinois Decatur, Participation in
Co. Illinois Specific
Projects in
Independent
Power Market (7)
(1)Illinois Power Company ("the Company") owns 20% of the
capital stock of Electric Energy, Inc.("EEI"). The
remainder of EEI's capital stock is owned by three other
public utility companies. The Company disclaims
existence of control over EEI.
(2)The Company's total investment in IP Gas Supply Co., a
wholly owned subsidiary is approximately $630,000, which
is accounted for under the equity accounting method.
The investment was made for the purpose of acquiring
interests in gas and oil leases. The Company, through
such investment, is attempting to increase the supplies
of gas available to it through its pipeline supplier,
Natural Gas Pipeline Company of America, by
participating, together with a subsidiary of Natural Gas
Pipeline Company of America and other gas distribution
utility customers of such pipeline supplier, in the
acquisition of such leases.
(3) The Company owns 50% of the capital stock
of Illinois Power Fuel Company. The remainder of its
capital stock is owned by one other entity which is not
a public utility company. Illinois Power Fuel Company
was formed for the purpose of leasing nuclear fuel and
facilities incidental thereto to the Company and is
deemed not to be an electric utility company pursuant to
Rule 7(d)(6) under the Public Utility Holding Company
Act of 1935.
(4)The Company owns 100% of the capital stock of IP Group,
Inc., an Illinois corporation which was incorporated on
October 5, 1992, and therefore, IP Group, Inc. is an
"affiliated interest" of the Company as defined in
Section 7-101 of the Illinois Public Utilities Act. IP
Group, Inc. was formed primarily for the purpose of
investing and participating in energy-related projects
and in the independent power generation market and is
deemed not to be an electric utility company pursuant to
Rule 7(d)(6) under the Public Utility Holding Company
Act of 1935.
(5)The Company owns 100% of the capital stock of Illinova
Corporation, formerly provisionally named IP Holding
Company. Illinova currently engages in no business and
has no material assets. It was created for the purpose
of effecting a reverse triangular merger in which it
will become the owner of all of the Company's common
stock. The proposed merger was approved by the
shareholders of the Company on February 9, 1994.
Regulatory approval filings, including an application to
the SEC under Section 9 (a)(2) of the Public Utility
Holding Company Act of 1935, are pending.
(6)Illinova Corporation owns 100% of the capital stock of
IP Merging Corporation, which has no material assets and
was created to effect the merger described in note (5)
above. If the merger is consummated, IP Merging
Corporation will merge into and with the Company, and
cease to exist.
(7)IP Group, Inc. owns 100% of the capital stock of this
Illinois corporation. The corporation was formed to
participate in a specific energy related project. The
corporation is an "affiliated interest" of Illinois
Power Company as defined in Section 7-101 of the
Illinois Public Utilities Act. The corporation is
deemed not to be an electric utility company pursuant to
Rule 7(d)(6) under the Public Utility Holding Company
Act of 1935.
2. A brief description of the properties of claimant and
each of its subsidiary public utility companies used for the
generation, transmission and distribution of electric energy
for sale, or for the production, transmission, and
distribution of natural or manufactured gas, indicating the
location of principal generating plants, transmission lines,
producing fields, gas manufacturing plants, and electric and
gas distribution facilities, including all such properties
which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines
which deliver or receive electric energy or gas at the
borders of such State.
The Company is predominantly an electric and gas utility
company whose operations do not extend beyond the State of
Illinois in which it is organized.
The Company supplies electric service at retail in 310
incorporated municipalities, adjacent suburban areas,
numerous unincorporated communities, and rural areas in the
State of Illinois. Electric service at wholesale is
supplied for resale to one electric utility and the Illinois
Municipal Electric Agency as agent for 11 municipalities.
The Company provided interchange power to 13 utilities for
resale. The Company provides power to Soyland Power
Cooperative, Inc. ("Soyland") under a Power Coordination
Agreement; revenues received from Soyland are reported as
electric interchange.
The Company supplies natural gas service at retail in 257
incorporated municipalities, adjacent suburban areas and
numerous unincorporated communities in the State of
Illinois. It does not sell gas for resale. The Company
purchases gas from five interstate pipelines and on the spot
market. During 1993, the Company purchased 70% of its gas
from interstate pipeline suppliers and 30% from pipelines'
special marketing programs and spot market purchases. The
Company also transports gas for industrial and commercial
customers who have contracted to purchase gas through a
broker or a producer.
The Company owns and operates electric generating stations
at Havana, Wood River, Hennepin, Baldwin, and near Danville,
Illinois (designated as Vermilion Plant) having net summer
output capabilities, respectively, of 666,000 kilowatts,
603,000 kilowatts, 286,000 kilowatts, 1,740,000 kilowatts
and 165,000 kilowatts. The Company also has an 86.79%
ownership interest in the Clinton Power Station (Clinton)
and Soyland owns the remaining 13.21%. The Company's
portion of net summer output capabilities of Clinton is
810,000 kilowatts. The Company also owns other generating
facilities with an aggregate capability of 146,000
kilowatts, including gas turbine units at three locations
which provide peaking service. Havana Units 1 - 5 and Wood
River Units 1 - 3 are currently not staffed, but are
available to meet reserve requirements with a maximum of
four months notice. The Company owns an interconnected
transmission system of approximately 2,800 circuit miles,
operating at from 69,000 to 345,000 volts and a distribution
system which includes about 36,900 circuit miles of overhead
and underground lines.
The Company has eight underground gas storage fields in
Illinois having a total deliverability on a peak day of
about 347,000 Mcf.
The Company owns liquefied petroleum gas plants at
Champaign, Freeburg and Jacksonville having daily
deliverability of 20,000 Mcf., 20,000 Mcf. and 10,000 Mcf.,
respectively, of 1,000 Btu gas for peak shaving purposes.
The Company also owns inactive gas plants at Danville and
Galesburg. Gas properties include approximately 7,600 miles
of mains.
The Company owns 20% of the capital stock of Electric
Energy, Inc., an Illinois corporation, which was organized
to own and operate a steam electric generating station and
related transmission facilities near Joppa, Illinois to
supply electric energy to the Department of Energy for its
project near Paducah, Kentucky.
All of the electric and gas properties of the Company are
located within the State of Illinois. A 345,000 volt
transmission line running from a point at the Indiana state
border to a site near Sidney, Illinois delivers and receives
electric energy at the eastern edge of the State of
Illinois. This line is an interconnection with Indiana
Michigan Power Company. A second 345,000 volt line running
from a point at the Kentucky state border to a site near Mt.
Vernon, Illinois (a portion of such line is owned by Central
Illinois Public Service Company) delivers and receives
electric energy at the southern end of the State of
Illinois. This line is an interconnection with Tennessee
Valley Authority.
3. The following information for the last calendar year with
respect to claimant and each of its subsidiary public
utility companies:
(a) Number of Kwh. of electric energy sold (at
retail or wholesale) and Mcf. of natural or
manufactured gas distributed at retail.
Company Total Electric Sales Retail Gas Sales
(Kwh.) (Mcf.)
Illinois Power 22,264,496,773 60,426,711
Company
Electric Energy, Inc. 13,511,883,904 None
(b) Number of Kwh. of electric energy and Mcf.
of natural or manufactured gas distributed at
retail outside the State in which each such
company is organized.
In 1993, EEI billed the Department of Energy for
11,928,093,904 Kwh. of electric energy delivered to the
Department of Energy project near Paducah, Kentucky. Gas is
distributed by the Company only within the State of
Illinois.
(c) Number of Kwh. of electric energy and Mcf.
of natural or manufactured gas sold at wholesale
outside the State in which each such company is
organized, or at the State line.
Company Electric Sales (Kwh.) Gas Sales (Mcf.)
Illinois Power 1,380,403,000 (*) None
Company
(*)Sold 102,307,000 kilowatt-hours to Indiana-Michigan
Power Company at the Illinois-Indiana state line,
1,219,156,000 kilowatt-hours to the Tennessee Valley
Authority at the Illinois-Kentucky state line and
58,940,000 kilowatt-hours to Kentucky Utilities at the
Illinois-Kentucky state line.
(d) Number of Kwh. of electric energy and Mcf.
of natural or manufactured gas purchased outside
the State in which each such company is organized
or at the State line.
Company Electric Purchases Gas Purchases (Mcf.)
(Kwh.)
Illinois Power 111,270,000 (**) None
Company
(**)Purchased 55,721,000 kilowatt-hours from Indiana-
Michigan Power Company at the Illinois-Indiana state
line, 55,099,000 kilowatt-hours from the Tennessee
Valley Authority at the Illinois-Kentucky state line and
450,000 kilowatt-hours from Kentucky Utilities at the
Illinois-Kentucky state line.
4. The following information for the reporting period with
respect to claimant and each interest it holds directly or
indirectly in an EWG or a foreign utility company, stating
monetary amounts in United States dollars:
(a)Name, location, business address and
description of the facilities used by the EWG or
foreign utility company for the generation,
transmission and distribution of electric energy
for sell or for the distribution at retail of
natural or manufactured gas.
None
(b)Name of each system company that holds an
interest in such EWG or foreign utility company;
and description of the interest held.
None
(c)Type and amount of capital invested, directly
or indirectly, by the holding company claiming
exemption; any direct or indirect guarantee of the
security of the EWG or foreign utility company by
the holding company claiming exemption; and any
debt or other financial obligation for which there
is recourse, directly or indirectly, to the
holding company claiming exemption or another
system company, other than the EWG or foreign
utility company.
None
(d)Capitalization and earnings of the EWG or
foreign utility company during the reporting
period.
None
(e)Identify any service, sales or construction
contract(s) between the EWG or foreign utility
company and a system company, and describe the
services to be rendered or goods sold and fees or
revenues under such agreement(s).
None
The above-named claimant has caused this statement to be
duly executed on its behalf by its authorized officer on the
28th day of April, 1994.
ILLINOIS POWER COMPANY
By
Alec G. Dreyer
Controller
Corporate Seal
Attest:
Leah Manning Stetzner
Vice President,
General Counsel and
Corporate Secretary
Name, title and address of officer to whom notices and
correspondence concerning this statement should be
addressed:
Alec G. Dreyer
Controller
Illinois Power Company
500 South 27th Street
Decatur, Illinois 62525-1805
EXHIBIT A
A consolidating of statement of income and retained earnings
(deficit) of the claimant and its subsidiary companies for
the last calendar year, together with a consolidating
balance sheet of claimant and its subsidiary companies as of
the close of such calendar year.
Consolidating statements are furnished with respect to
Illinois Power Company and IP Group, Inc.
Consolidating statements have not been furnished with
respect to the Company and IP Gas Supply Company, Illinois
Power Fuel Company and Electric Energy, Inc., inasmuch as
the Company accounts for these investments under the equity
accounting method.
Attached are the balance sheets as of December 31, 1993, and
income statements and statements of retained earnings
(deficit) for the twelve months ended December 31, 1993, for
the Company, as consolidated.
Illinois Power Company
Consolidated Balance Sheet
As of December 31, 1993
Exhibit A to
(Thousands of Dollars)
Form U-3A-2
<TABLE>
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Balance
Company Inc. Entries Sheet
Assets
Utility Plant, at original cost
Electric (includes construction work in progress of $218,696)$ 5,889,401 $ - $ - $5,889,401
Gas (includes construction work in progress of $18,761) 589,850 589,850
6,479,251 6,479,251
Less-Accumulated depreciation 1,974,581 1,974,581
4,504,670 4,504,670
Nuclear fuel in process 6,623 6,623
Nuclear fuel under capital lease 128,509 128,509
4,639,802 4,639,802
Investments and Other Assets 21,755 4,700 (6,387) 20,068
Current Assets
Cash and cash equivalents 9,325 597 - 9,922
Accounts receivable (less allowance for doubtful
accounts of $4,000)
Service 85,154 85,154
Other 37,453 137 (116) 37,474
Accrued unbilled revenue 49,037 49,037
Materials and supplies, at average cost 131,609 131,609
Prepaid and refundable income taxes 14,690 14,690
Prepayments and other 16,963 94 - 17,057
344,231 828 (116) 344,943
Deferred Charges
Deferred Clinton costs 114,327 114,327
Recoverable income taxes 108,046 108,046
Unamortized debt expense 105,014 105,014
Other 90,081 1,183 - 91,264
417,468 1,183 - 418,651
$ 5,423,256 $ 6,711 $ (6,503) $5,423,464
</TABLE>
<TABLE>
Illinois Power Company
Consolidated Balance Sheet
As of December 31, 1993 Exhibit A to
(Thousands of Dollars) Form U-3A-2
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Balance
Company Inc. Entries Sheet
Capital and Liabilities
Capitalization
Common stock equity (1) -
No par value 100,000,000 shares authorized 75,643,937
shares outstanding, stated at $1,424,607 $ - $ - $1,424,607
No par value, 1,000 shares authorized, issued and
outstanding at - 1 (1) -
Less - Deferred compensation - ESOP 28,219 28,219
Retained earnings (deficit) (64,568) 287 (287) (64,568)
Less - Capital stock expense 10,790 10,790
Total common stock equity 1,321,030 288 (288) 1,321,030
Serial preferred stock, cumulative, $50 par value (1)
Authorized 5,000,000 shares, 4,150,000 shares outstanding -
4.08% series, 300,000 shares 15,000 15,000
4.26% series, 150,000 shares 7,500 7,500
4.70% series, 200,000 shares 10,000 10,000
4.42% series, 150,000 shares 7,500 7,500
4.20% series, 180,000 shares 9,000 9,000
8.24% series, 600,000 shares 30,000 30,000
7.56% series, 700,000 shares 35,000 35,000
8.00% series, 1,000,000 shares 50,000 50,000
7.75% series, 870,000 shares 43,500 43,500
Premium on preferred stock 1,071 1,071
Discount on preferred stock (381) (381)
Serial preferred stock, cumulative, without par value (1) -
Authorized 5,000,000 shares, 2,390,300 shares outstanding
(including 480,000 shares of redeemable preferred stock)
A Series, 1,000,000 shares (2) 50,000 50,000
B Series, 910,300 shares (3) 45,515 45,515
Mandatorily redeemable serial preferred stock, cumulative (1) -
8.00% series, 480,000 shares 48,000 48,000
</TABLE>
<TABLE>
Illinois Power Company
Consolidated Balance Sheet
As of December 31, 1993 Exhibit A to
(Thousands of Dollars) Form U-3A-2
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Balance
Company Inc. Entries Sheet
Capital and Liabilities
Preference stock, cumulative, without par value -
Authorized 5,000,000 shares; none outstanding $ - $- $ - $
Total serial preferred, mandatorily redeemable serial
preferred and preference stock 351,705 351,705
Additional paid-in capital - 6,099 (6,099) -
351,705 6,099 (6,099) 351,705
Long-term debt -
First and New Mortgage Bonds -
5.85 % series due 1996 40,000 40,000
6 1/2% series due 1999 72,000 72,000
6 1/8% series due 2000 40,000 40,000
5 5/8% series due 2000 110,000 110,000
6 1/2% series due 2003 100,000 100,000
6.60 % series due 2004 (Pollution Control Series A) 7,200 7,200
9 7/8% series due 2004 10,000 10,000
7.95 % series due 2004 72,000 72,000
6 3/4% series due 2005 70,000 70,000
6.00 % series due 2007 (Pollution Control Series B) 18,700 18,700
11 5/8% series due 2014 (Pollution Control Series D) 35,615 35,615
10 3/4% series due 2015 (Pollution Control Series E) 84,150 84,150
7 5/8% series due 2016 (Pollution Control
Series F, G and H) 150,000 150,000
8.30 % series due 2017 (Pollution Control Series I) 33,755 33,755
7 3/8% series due 2021 (Pollution Control Series A) 84,710 84,710
8 3/4% series due 2021 125,000 125,000
8.00% series due 2023 235,000 235,000
7 1/2% series due 2025 (4) 200,000 200,000
Variable % due 2028 (Pollution Control Series M, N, and O) 111,770 111,770
Total first mortgage bonds $ 1,599,900 $ - $ - $ 1,599,900
</TABLE>
<TABLE>
Illinois Power Company
Consolidated Balance Sheet
As of December 31, 1993 Exhibit A to
(Thousands of Dollars) Form U-3A-2
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Balance
Company Inc. Entries Sheet
Capital and Liabilities
Short-term debt to be refinanced as long-term debt (5)$ 125,000 $ - $- $ 125,000
8 1/2% debt securities due 1994 100,000 100,000 100,000
Medium-term notes, series A (6) 100,000 100,000 100,000
Variable rate long-term debt due 2017 (7) 75,000 75,000
1,999,990 1,999,900
Unamortized discount on debt (15,411) (15,411)
1,984,489 1,984,489
Obligation under capital leases 129,513 129,513
2,114,002 2,114,002
Long-term debt and lease obligations maturing within one year (187,655) (187,655)
Total long-term debt 1,926,347 1,926,347
Total capitalization 3,599,082 6,387 (6,387) 3,599,082
Current Liabilities
Accounts payable 128,357 564 (116) 128,805
Notes payable 92,285 92,285
Long-term debt and lease obligations maturing within one year 187,655 187,655
Dividends declared 49,964 49,964
Taxes accrued 31,966 31,966
Interest accrued 64,608 64,608
Other 51,418 - - 51,418
606,253 564 (116) 606,701
Deferred Credits
Accumulated deferred income taxes 906,583 (240) - 906,343
Accumulated deferred investment tax credits 230,499 230,499
Other 80,839 80,839
1,217,921 (240) - 1,217,681
$5,423,256 $ 6,711 $(6,503) $5,423,464
</TABLE>
Illinois Power Company
Consolidated Balance Sheet
As of December 31, 1993
Exhibit A to Form
U-3A-2
CAPITAL AND LIABILITIES (continued)
(1)In February and April 1993, the Board of Directors declared first and second
quarters common and preferred stock dividends, respectively for 1994.
Dividends will be paid on the normal payment dates on shares outstanding on
applicable record dates. The rates for the Adjustable Rate Series A & B
were declared on the basis of $1.00 and $1.125 per share, respectively, for
each of the two quarters. However, the actual amounts paid may vary, based
on market interest rates on the normal declaration dates.
(2)Quarterly dividend rates are determined based on market interest rates of
certain U.S. Treasury securities. Rates for dividends declared in 1993 were
$1.00 for each quarter.
(3)Quarterly dividend rates are determined based on market interest rates of
certain U.S. Treasury securities. Rates for dividends declared in 1993 were
$1.1250 for each quarter.
(4)Effective July 19, 1993, the Company entered into an interest rate swap
agreement for $50 million for six months paying a fixed rate of 5.5% and
receiving a floating rate.
(5)Short-term debt to be refinanced as long-term debt consists of commercial
paper and other short-term instruments that will be renewed regularly on a
long-term basis. Ongoing credit support is provided by the Company's $200
million revolving credit agreements.
(6)In 1989 and 1991, the Company entered a series of fixed rate medium-term
notes. At December 31, 1993, the maturity dates on these notes ranged from
1996 to 1998 and the interest rates ranged from 9.00% to 9.31%.
(7)Interest rates adjusted weekly and ranged from 2.90% to 3.30% at December
31, 1993.
<TABLE>
Illinois Power Company
Consolidated Income Statement
For the Year Ended December 31, 1993 Exhibit A to
(Thousands of Dollars) Form U-3A-2
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Income
Company Inc. Entries Statement
Operating Revenues
Electric $1,135,572 $ - $ - $ 1,135,572
Electric Interchange 130,785 130,785
Gas 314,833 314,833
Total 1,581,190 1,581,190
Operating Expenses and Taxes
Fuel for electric plants 235,092 235,092
Power purchased 78,540 78,540
Gas purchased for resale 187,343 187,343
Other operating expenses 269,165 269,165
Maintenance 100,834 100,834
Depreciation 169,190 169,190
Amortization of excess unprotected deferred taxes (5,620) (5,620)
General taxes 125,585 125,585
Deferred Clinton costs 9,257 9,257
Income taxes 106,535 106,535
Total 1,275,921 1,275,921
Operating income 305,269 305,269
Other Income and Deductions
Allowance for equity funds used during
construction 2,702 2,702
Disallowed Clinton costs ( 270,956) ( 270,956)
Income tax effects of disallowed costs 70,638 70,638
Miscellaneous - net ( 3,059) 287 (287)( 3,059)
Total ( 200,675) 287 (287)( 200,675)
Income before interest charges 104,594 287 (287) 104,594
Interest Charges
Interest on long-term debt 154,110 154,110
Other interest charges 10,800 10,800
Allowance for borrowed funds used during
construction ( 4,565) ( 4,565)
Total 160,345 160,345
Net Income (loss) $( 55,751) $ 287 $( 287)$( 55,751)
</TABLE>
<TABLE>
Illinois Power Company
Consolidated Statement of Retained Earnings (Deficit)
For the Year Ended December 31, 1993
(Thousands of Dollars)
Exhibit A to
Form U-3A-2
<S> <C> <C> <C> <C>
Illinois IP Consolidating Consolidated
Power Group & Eliminating Retained
Company Inc. Entries Earnings
Balance at beginning of year $ 41,004 $ - $ - $ 41,004
Net income (loss) (55,750) 287 (287) ( 55,750)
(14,746) 287 (287) ( 14,746)
Less -
Dividends -
Preferred stock 20,105 20,105
Common stock 29,717 29,717
49,822 49,822
Balance (Deficit) at end of year $ (64,568) $ 287 $ (287) $ (64,568)
</TABLE>
IP Gas Supply Company
Balance Sheet
As of December 31, 1993
(Thousands of Dollars )
(Unaudited)
Exhibit A to
Form U-3A-2
ASSETS
Cash $ 251
Accounts receivable - Illinois Power Company 5,204
Preliminary survey and investigation charges 373
Incorporation fees 7
Total assets $5,835
LIABILITIES AND STOCKHOLDERS' EQUITY
Taxes accrued $ 1
Common stock, par value $100 4,100
Retained earnings 1,734
Total liabilities and stockholders' equity $5,835
IP Gas Supply Company
Income Statement
For the Year Ended December 31, 1993
(Unaudited)
Operating revenues $ 168
Operating expenses and taxes 77
Operating income 91
Other income (deductions) -
Net income $ 91
IP Gas Supply Company
Statement of Retained Earnings
For the Year Ended December 31, 1993
(Unaudited)
Balance at beginning of year $1,643
Net income 91
Balance at end of year $1,734
Illinois Power Fuel Company
Balance Sheet
As of December 31, 1993
(Thousands of Dollars)
(Unaudited)
Exhibit A to
Form U-3A-2
ASSETS
Current Assets
Cash and cash equivalents $ 799
Accounts receivable from Illinois Power Company 1,559
Prepaid interest 52
Prepayments 3
Net investment in nuclear fuel lease 41,639
44,052
Noncurrent Assets
Net investment in nuclear fuel lease 86,870
$130,922
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable to Illinois Power Company $ 22
Accrued interest 1,287
Notes payable 24,513
Long-term debt maturing within one year 15,000
70,822
Noncurrent Liabilities
Long-term debt 90,000
Stockholders' Equity
Common stock, par value $1
(100,000 shares authorized,
issued and outstanding) 100
Retained earnings -
100
$130,922
Illinois Power Fuel Company
Income Statement
For the Year Ended December 31, 1993
(Thousands of Dollars)
(Unaudited)
Exhibit A to
Form U-3A-2
Revenues
Nuclear fuel lease income $ 44,922
Non-utility operations 16
44,938
Expenses and Taxes
Amortization of nuclear fuel 38,749
Interest expenses, net 6,174
Income taxes 3
44,926
Net income $ 12
Illinois Power Fuel Company
Statement of Retained Earnings
For the Year Ended December 31, 1993
(Unaudited)
Balance at beginning of year $ -
Net income 12
12
Less: Dividends paid 12
Balance at end of year $ -
Electric Energy, Inc.
Balance Sheet
As of December 31, 1993
(Thousands of Dollars)
(Unaudited)
Exhibit A to
Form U-3A-2
ASSETS
Utility Plant
Utility plant in service $ 285,413
Construction work in progress 14,475
299,888
Less - Accumulated depreciation 209,916
89,972
Current Assets
Cash 199
Working funds 28
Customer accounts receivable 17,720
Other accounts receivable 2,881
Receivable from associated companies 17,319
Fuel stock (coal inventory) 4,708
Plant material and operating supplies 5,879
Prepayments 598
49,332
Investments and Deferred Debits
Unamortized debt discount and expense 377
Investments in associated companies 105
Accumulated deferred incomes taxes 5,849
Other 10,935
17,266
$ 156,570
CAPITAL AND LIABILITIES
Capitalization
Capital stock equity -
Common stock $ 6,200
Retained earnings 2,634
Long-term debt 64,660
Total Capitalization 73,494
Current and Accrued Liabilities
Notes payable 40,600
Accounts payable 26,218
Payable to associated companies 4,293
Taxes accrued 3,890
Interest accrued 502
Dividends declared 3,002
Tax collections payable 102
78,607
Deferred Credits
Accumulated deferred income taxes 4,469
$ 156,570
Electric Energy, Inc.
Income Statement
For the Year Ended December 31, 1993
(Thousands of Dollars)
(Unaudited)
Exhibit A to
Form U-3A-2
Operating Revenues
Sales to Department of Energy
Permanent power $ 124,220
Additional power 104,711
Excess Joppa energy 1,744
Firm additional power 5,523
Total sales to Department of Energy 236,198
Sales to other electric utilities 39,406
Total 275,604
Operating Expenses and Taxes
Purchased power 103,885
Operating expense 118,685
Maintenance expense 18,378
Depreciation 7,138
Taxes other than income taxes 1,770
Income taxes - federal 8,894
Income taxes - other 2,088
Income taxes - deferred in prior years (3,567)
Total 257,271
Net operating revenues 18,333
Other Income
Interest and dividends income 608
Misc. non-operating income and income deductions 117
Total 725
Gross income 19,058
Income Deductions
Other interest expenses 6,017
Net income $ 13,041
Electric Energy, Inc.
Statement of Retained Earnings
For the Year Ended December 31, 1993
(Unaudited)
Balance at beginning of year $ 2,634
Net income 13,041
15,675
Deduct -
Dividends on common stock 13,041
Balance at end of year $ 2,634
EXHIBIT B
Below are the Financial Data Schedule items required for
consolidated financial statements.
(Thousands of
Dollars)
1. Total Assets $5,423,464
2. Total Operating Revenues $1,581,190
3. Net Income (Loss) ($55,751)
EXHIBIT C
An organization chart showing the relationship of each EWG
or foreign utility company to associate companies in the
holding-company system is not applicable as reflected in our
responses in Item 4.
