<PAGE>
1999/2000
File No. 69-78
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM U-3A-2
Statement by Holding Company Claiming Exemption Under
Rule U-3A-2 from the Provisions of the Public Utility
Holding Company Act of 1935
To Be Filed Annually Prior to March 1
MINNESOTA POWER, INC.
---------------------
(Name of company)
hereby files with the Securities Exchange Commission pursuant to Rule 2,its
statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof, other than any exempt wholesale generator
(EWG) or foreign utility company in which claimant directly or indirectly holds
an interest.
<TABLE>
<CAPTION>
State of
Name Organization Location Nature of Business
- ---- ------------ -------- ------------------
<S> <C> <C> <C>
Minnesota Power, Inc. Minnesota Duluth, MN Multi-Services Company
Superior Water, Light and Power Wisconsin Superior, WI Electric, Gas and
Company <F1> Water Utility
Energy Land, Incorporated <F1> Wisconsin Duluth, MN Inactive
MP Investments, Inc. <F1><F2> Delaware Duluth, MN Investments
RendField Land Company, Inc. <F1> Minnesota Duluth, MN Land Holding
UtilEquip, Incorporated <F3> Minnesota Duluth, MN Inactive
Lakeview Financial Corporation I <F1> Minnesota Duluth, MN Inactive
Lakeview Financial Corporation II <F1> Minnesota Duluth, MN Inactive
MP&L Capital I <F1> Minnesota Duluth, MN Trust
PCUC Acquisition Sub, Inc. <F1> Minnesota Duluth, MN Inactive
Minnesota Power Enterprises, Minnesota Duluth, MN Product and Marketing
Inc. <F1> Coordination
BNI Coal, Ltd. <F4> North Dakota Bismarck, ND Coal Mining
MP Affiliate Resources, Inc. <F4> Minnesota Duluth, MN Administrative
Operations
Minnesota Power Telecom, Minnesota Duluth, MN Telecommunications
Inc. <F4>
Rainy River Energy Corporation <F4> Minnesota Duluth, MN Contract Services
-1-
<PAGE>
<CAPTION>
State of
Name Organization Location Nature of Business
- ---- ------------ -------- ------------------
<S> <C> <C> <C>
Synertec, Incorporated <F4> Minnesota Duluth, MN Contract Services
Upper Minnesota Properties, Minnesota Duluth, MN Affordable Housing
Inc. <F4> Projects and Economic
Development
Upper Minnesota Properties- Minnesota Duluth, MN Affordable Housing
Meadowlands, Inc. <F5><F6> Project
Upper Minnesota Properties- Minnesota Duluth, MN Affordable Housing
Irving, Inc. <F5> Project
Upper Minnesota Properties- Minnesota Duluth, MN Economic Development
Development, Inc. <F5><F7>
Minnesota Power Services Group, Minnesota Duluth, MN Product Development
Inc. <F4>
Electric Outlet, Inc. <F8> Minnesota Duluth, MN Retailer
MP Water Resources Group, Minnesota Orlando, FL Water and Wastewater
Inc. <F1>
Heater Utilities, Inc. <F9><F10> South Carolina Cary, NC Water and Wastewater
Treatment Utility
LaGrange Waterworks Corporation North Carolina Fayetteville, NC Water Utility
<F11>
Brookwood Water Corporation <F11> North Carolina Fayetteville, NC Water Utility
Florida Water Services Florida Orlando, FL Water and Wastewater
Corporation <F9> Treatment Utility
Florida Gas Services Corporation Florida Orlando, FL Inactive
<F9>
U.S. Maintenance and Management Florida Orlando, FL Full Maintenance
Services Corporation <F9> Services
Vibration Correction Services, Inc. Minnesota Duluth, MN Predictive Maintenance
<F9> Services
Americas' Water Services Florida Chicago, IL Contract Operations
Corporation <F9> Services
Florida Water Consumer Products Florida Orlando, FL Inactive
Corporation <F9>
Instrumentation Services, Inc. <F9> Florida Orlando, FL Predictive Maintenance
Services
Predictive Maintenance and North Carolina Orlando, FL Inactive
Operational Services, Inc. <F12>
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<PAGE>
<CAPTION>
State of
Name Organization Location Nature of Business
- ---- ------------ -------- ------------------
<S> <C> <C> <C>
MP Real Estate Holdings, Inc. <F1><F13> Minnesota Lehigh Acres, FL Real Estate
Cape Coral Holdings, Inc. <F14><F15> Florida Cape Coral, FL Real Estate
Cape Properties, Inc. <F14><F15> Florida Cape Coral, FL Golf and Tennis Resort
Marina Resources, Inc. <F14><F15> Florida Cape Coral, FL Marina Operations
Lehigh Acquisition Corporation <F14> Delaware Lehigh Acres, FL Subdivider, Developer
Interlachen Lakes Estates, Inc. <F16> Florida Interlachen, FL Subdivider, Developer
Sundowner Properties, Inc. <F16> Pennsylvania Williston, FL Subdivider, Developer
SRC of Florida, Inc. <F16> Florida Lehigh Acres, FL Subdivider, Developer
Lehigh Corporation <F16><F18> Florida Lehigh Acres, FL Subdivider, Developer
Lehigh Land & Investment, Inc. <F17> Florida Lehigh Acres, FL Inactive
Cliffside Properties, Inc. <F17> California Lehigh Acres, FL Inactive
Palm Coast Holdings, Inc. <F17> Florida Palm Coast, FL Subdivider, Developer
Sugarmill Woods Communities, Inc. Florida Homosassa, FL Subdivider, Developer
<F17>
Enterprise Lehigh, Inc. <F17> Florida Lehigh Acres, FL Subdivider, Developer
MP Automotive Services, Inc. <F1><F19> Minnesota Duluth, MN Automotive Services
AutoVIN, Inc. <F19><F20> Indiana Roswell, GA Field Information
Services
ADESA Corporation <F20><F22> Indiana Indianapolis, IN Vehicle Redistribution -
Corporate Operation
ADESA Ark-La-Tex, Inc. <F21><F23> Louisiana Shreveport, LA Vehicle Auction
ADESA Birmingham, Inc. <F21> Alabama Moody, AL Vehicle Auction
ADESA California, Inc. <F21><F24> California Sacramento, CA Vehicle Auction
ADESA Charlotte, Inc. <F21> North Carolina Charlotte, NC Vehicle Auction
ADESA Des Moines, Inc. <F21> Iowa Des Moines, IA Vehicle Auction
ADESA Houston, Inc. <F21> Texas Houston, TX Vehicle Auction
ADESA Lansing, Inc. <F21> Michigan Dimondale, MI Vehicle Auction
ADESA Lexington, Inc. <F21> Kentucky Lexington, KY Vehicle Auction
ADESA New Jersey, Inc. <F21> New Jersey Manville, NJ Vehicle Auction
ADESA New York, Inc. <F21><F25> New York Akron, NY Vehicle Auction
-3-
<PAGE>
<CAPTION>
State of
Name Organization Location Nature of Business
- ---- ------------ -------- ------------------
<S> <C> <C> <C>
ADESA Ohio, Inc. <F21> Ohio Northfield, OH Vehicle Auction
Franklin, OH
ADESA Pennsylvania, Inc. <F21> Pennsylvania Mercer, PA Vehicle Auction
ADESA San Antonio, Inc. <F21> Texas San Antonio, TX Vehicle Auction
ADESA Southern Indiana, Inc. <F21><F22> Indiana Columbus, IN Vehicle Auction
ADESA St. Louis, Inc. <F21> Missouri Barnhart, MO Vehicle Auction
ADESA Texas, Inc. <F21> Texas Austin, TX Vehicle Auction
Mesquite, TX
ADESA Wisconsin, Inc. <F21> Wisconsin Portage, WI Vehicle Auction
Auto Dealers Exchange of Massachusetts Framingham, MA Vehicle Auction
Concord, Inc. <F21>
Auto Dealers Exchange of Tennessee Memphis, TN Vehicle Auction
Memphis, Inc. <F21>
A.D.E. of Knoxville, Inc. <F21> Tennessee Lenoir City, TN Vehicle Auction
ADESA Funding Corporation <F21> Indiana Indianapolis, IN Inactive
Auto Banc Corporation <F21> New Jersey Manville, NJ Wholesale Vehicle
Redistributor
A.D.E. Management Company <F21> Indiana Indianapolis, IN Vehicle Auction
Management Company
A.D.E. of Jacksonville, Inc. <F27> Florida Jacksonville, FL Vehicle Auction
ADESA Indianapolis, Inc. <F21><F28> Indiana Plainfield, IN Vehicle Auction
Great Rigs Incorporated <F21><F22><F28> Indiana Moody, AL Vehicle Transport
Automotive Finance Corporation <F21> Indiana Indianapolis, IN Financial Services
AFC Funding Corporation <F26> Indiana Indianapolis, IN Financial Services
Automotive Floorplan Corporation <F26> Indiana Indianapolis, IN Financial Services
RAP Co., Inc. <F26> Indiana Indianapolis, IN Financial Services
Automotive Finance Canada Inc. Ontario New Westminster, Financial Services
<F26><F29> British Columbia,
Alberta and Halifax,
Nova Scotia, Vars,
Ontario, Canada
ADESA Properties, Inc. <F21> Delaware Wilmington, DE Financial Services
ADESA Properties Canada Inc. <F30><F31> Delaware Wilmington, DE Financial Services
-4-
<PAGE>
<CAPTION>
State of
Name Organization Location Nature of Business
- ---- ------------ -------- ------------------
<S> <C> <C> <C>
ADESA Automotive Services Nova Scotia Toronto, Ontario Inactive
Corporation <F30> Canada
PAR, Inc. <F21><F32> Indiana Indianapolis, IN Vehicle Remarketing
ADESA Finance Canada Inc. <F21><F33> Nova Scotia Halifax, Financial Services
Nova Scotia,
Canada
ADESA Canada Inc. <F21><F37><F38> Quebec Toronto, Ontario, Holding Company
Canada
3095-1115 Quebec Inc. <F34> Quebec St. Eustache, Inactive
Quebec, Canada
ADESA Auctions Canada Corporation Nova Scotia New Westminster, Vehicle Auctions
<F34><F35> British Columbia,
Alberta and Halifax,
Nova Scotia, Vars,
Ontario, Canada
ADESA Remarketing Services Inc. Ontario Vars, Ontario, Vehicle Remarketing
<F36> Canada
ADESA Montreal Inc. <F36> Quebec St. Eustache, Inactive
Quebec, Canada
Bytown Car Carriers Inc. <F34><F39> Ontario Ottawa, Ontario, Vehicle Transportation
Canada
Impact Auto Auctions Ltd. <F34><F38> Ontario New Westminster, Salvage Auctions
British Columbia,
Alberta and Halifax,
Nova Scotia, Vars,
Ontario, Canada
Suburban Auto Parts Inc. <F34><F38> Ontario New Westminster, Salvage Auctions
British Columbia,
Alberta and Halifax,
Nova Scotia, Vars,
Ontario, Canada
1109597 Ontario Inc. <F34><F38> Ontario Toronto, Ontario Holding Company
Canada
<FN>
Footnotes
<F1> Subsidiary of Minnesota Power, Inc.
<F2> MP Investments, Inc. had a 20 percent ownership interest in Capital Re
Corporation (Capital Re). As a result of the merger of Capital Re with
ACE Limited, MP Investments, Inc. held a 2 percent ownership in ACE
Limited at December 31, 1999.
<F3> Subsidiary of RendField Land Company, Inc.
<F4> Subsidiary of Minnesota Power Enterprises, Inc.
-5-
<PAGE>
<F5> Subsidiary of Upper Minnesota Properties, Inc.
<F6> Upper Minnesota Properties-Meadowlands, Inc. is a 99.5 percent partner
in Meadowlands Affordable Housing Limited Partnership.
<F7> Upper Minnesota Properties-Development, Inc. is a 50 percent partner in
Blackwater Properties, LLP.
<F8> Subsidiary of Minnesota Power Services Group, Inc.
<F9> Subsidiary of MP Water Resources Group, Inc.
<F10> Heater Utilities, Inc. is, at the request of the North Carolina
Utilities Commission, the emergency operator of Scotsdale Water and
Sewer, Inc., Mobile Hills Estates and Pine Country Estates. All are
small water utilities in North Carolina.
<F11> Subsidiary of Heater Utilities, Inc.
<F12> Subsidiary of Instrumentation Services, Inc.
<F13> MP Real Estate Holdings, Inc. owns 80 percent of Lehigh Acquisition
Corporation.
<F14> Subsidiary of MP Real Estate Holdings, Inc.
<F15> Cape Coral Holdings, Inc. purchased real estate properties in June
1999. These properties are held by Cape Coral Holdings, Inc., Cape
Properties, Inc. and Marina Resources, Inc.
<F16> Subsidiary of Lehigh Acquisition Corporation.
<F17> Subsidiary of Lehigh Corporation.
<F18> Lehigh Corporation owns 100 percent of J.W. Ford, Inc., an investment
accounted for under the equity method that is currently inactive.
<F19> MP Automotive Services, Inc. owns 90 percent of AutoVIN, Inc. AutoVIN,
Inc. was purchased on September 30, 1999.
<F20> Subsidiary of MP Automotive Services, Inc.
<F21> Subsidiary of ADESA Corporation.
<F22> ADESA Corporation owns 46 percent of ADESA South Florida, LLC which is
a vehicle auction in Opa-Locka, FL, 95 percent of Great Rigs
Incorporated and 80 percent of ADESA Southern Indiana, Inc.
<F23> ADESA Ark-La-Tex, Inc. owns 100 percent of ADESA Ark-La-Tex, LLC which
is the auction business in Shreveport, LA.
<F24> Formerly ADESA Sacramento, Inc.
<F25> Formerly Greater Buffalo Auto Auction, Inc.
<F26> Subsidiary of Automotive Finance Corporation.
<F27> Subsidiary of A.D.E. Management Company. A.D.E. Jacksonville, Inc. owns
5 percent of ADESA South Florida, LLC.
<F28> ADESA Indianapolis, Inc. owns 5 percent of Great Rigs Incorporated.
<F29> Incorporated effective December 30, 1999.
<F30> Subsidiary of ADESA Properties, Inc.
<F31> Incorporated effective December 28, 1999.
<F32> PAR, Inc. owns 20 percent of Entrust Lease End Services, LLC.
-6-
<PAGE>
<F33> Incorporated effective January 14, 2000.
<F34> Subsidiary of ADESA Canada Inc.
<F35> Effective August 1, 1999 ADESA Halifax Inc., ADESA Moncton Inc.,
Professional Auto Remarketing Canada Inc. and ADESA Ottawa Inc. were
amalgamated and converted into ADESA Auctions Canada Inc. Effective
January 1, 2000 ADESA Auctions Canada Inc. was converted to ADESA
Auctions Canada Corporation.
<F36> Subsidiary of ADESA Auctions Canada Corporation.
<F37> ADESA Canada Inc. owns 66.67 percent of 1109597 Ontario Inc.
<F38> ADESA Canada Inc. owns 20 percent of Impact Auto Auctions Ltd. and 20
percent of Suburban Auto Parts Inc. directly. 1109597 Ontario Inc. owns
80 percent of Impact Auto Auctions Ltd. and 80 percent of Suburban Auto
Parts Inc. directly.
<F39> Bytown Car Carriers Inc. was purchased May 28, 1999.
</FN>
</TABLE>
-7-
<PAGE>
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.
Claimant - Minnesota Power, Inc.
Reference is made to Annual Report Form 10-K (File No. 1-3548), filed
by the claimant with the Commission on February 9, 1999, for the fiscal year
ended December 31, 1998, particularly pages 16 through 18, which is hereby
incorporated by reference in this statement.
Subsidiary - Superior Water, Light and Power Company
Same reference as under claimant.
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.
Electricity Gas
Minnesota Power, Inc. 11,344,302,874 None
Superior Water, Light and Power Company 531,150,612 2,271,816
(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.
None
(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.
Electricity Gas
Minnesota Power, Inc. 2,031,862,571 None
Superior Water, Light and Power Company None None
(d) Number of kWh of electric energy and Mcf. of natural or
manufactured gas purchased outside the State in which each company is
organized or at the State line.
Electricity Gas
Minnesota Power, Inc. 4,834,555,775 None
Superior Water, Light and Power Company 547,180,877 2,309,884
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:
Not applicable to Minnesota Power, Inc.
-8-
<PAGE>
Exhibits
[This Exhibit A contains confidential information which has been omitted, but
filed separately with the Securities and Exchange Commission.]
Exhibit B is the Financial Data Schedules.
Exhibit C is not applicable to Minnesota Power, Inc.
-9-
<PAGE>
The above-named claimant has caused this statement to be duly executed
on its behalf by its authorized officer on this 7th day of February 2000.
MINNESOTA POWER, INC.
---------------------------------------
(Name of Claimant)
[CORPORATE SEAL]
By D.G. Gartzke
-------------------------------------
Senior Vice President -
Finance and Chief Financial Officer
Attest:
Mark A. Schober
- ------------------------------------
Controller
Name, title and address of officer to whom notices and correspondence concerning
this statement should be addressed:
David G. Gartzke Senior Vice President - Finance and Chief Financial Officer
---------------- -----------------------------------------------------------
(Name) (Title)
Minnesota Power, Inc.
30 West Superior Street
Duluth, Minnesota 55802-2093
----------------------------
(Address)
-10-
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MINNESOTA
POWER'S CONSOLIDATED BALANCE SHEET AND STATEMENT OF INCOME FOR THE PERIOD ENDED
DECEMBER 31, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,313
<TOTAL-OPERATING-REVENUES> 1,132
<NET-INCOME> 68<F1>
<FN>
<F1>Included a $36.2 million non-cash charge related to the merger of Capital Re
Corporation with ACE Limited. See Note 9 to Minnesota Power's Consolidated
Financial Statements filed as part of the Company's 1999 Form 10-K.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM MINNESOTA
POWER'S CONSOLIDATED BALANCE SHEET AND STATEMENT OF INCOME FOR THE PERIOD ENDED
DECEMBER 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> DEC-31-1998
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,209
<TOTAL-OPERATING-REVENUES> 1,039
<NET-INCOME> 89
</TABLE>
