FORM U-3A-2
File No. 69-278
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
DOMINION RESOURCES, INC.
(Name of Company)
hereby files with the Securities and Exchange Commission ("SEC"), pursuant to
Rule 2, its statement claiming exemption as a holding company from the
provisions of the Public Utility Holding Company Act of 1935 ("the Holding
Company Act"), and submits the following information:
1. Name, State of organization, location and nature of business of
claimant and each subsidiary thereof, other than any exempt wholesale
generator (EWG) or foreign utility company in which claimant directly or
indirectly holds an interest.
State of Location and
Name Organization Nature of Business
Dominion Resources, Inc. (DRI) Virginia Richmond, Virginia - Holding
Company
Subsidiaries of Dominion Resources, Inc.
Virginia Electric and Power Virginia Virginia and North Carolina-
Company (1) Electric Utility
Dominion Capital, Inc. (2) Virginia Richmond, Virginia -
Financial Services, Land
Development
Dominion Energy, Inc. (2) Virginia Richmond, Virginia -
Nonutility Power Production
and Gas and Oil Development
Dominion Resources Black Delaware Richmond, Virginia - Fixed
Warrior Trust investment trust holding
royalty interests in natural
gas properties in Alabama
Subsidiaries of Dominion Capital, Inc.
Rincon Securities Inc. New York Richmond, Virginia -
Investment Company
Dominion Financing, Inc. Virginia Richmond, Virginia - Special
Purpose Medium-Term
Financing Subsidiary
Blue Ridge Investments, Inc. Virginia Richmond, Virginia -
Investment Company
Louisiana Hydroelectric Virginia Richmond, Virginia -
Capital Corporation Investment Company
State of Location and
Name Organization Nature of Business
Subsidiaries of Dominion Capital, Inc. (continued)
Vidalia Audit, Inc. Virginia Richmond, Virginia - Audit
company for hydroelectric
project
America's Utility Fund Virginia Richmond, Virginia - Mutual
Service Company Fund administrator
Project America, Inc. Virginia Richmond, Virginia - Mutual
Fund broker-dealer
Hillcrest/DCI Properties, Virginia Richmond, Virginia - Real
Inc. estate investment
Rosemont/DCI Properties, Inc. Virginia Richmond, Virginia - Real
estate investment
Shoulders Hill/DCI Properties, Virginia Richmond, Virginia - Real
Inc. estate investment
Harbour Center/DCI Properties, Virginia Richmond, Virginia - Real
Inc. estate development
Edgen, Inc. Delaware Richmond, Virginia - Real
estate holding company
Stanton Associates, Inc. Virginia Norfolk, Virginia - Real
estate holding company
Williams Court/DCI Properties, Virginia Richmond, Virginia - Real
Inc. estate investments
Dominion Lands, Inc. Virginia Richmond, Virginia - Land
development
Virginia Financial Ventures, Virginia Richmond, Virginia -
Inc. Commercial finance
Subsidiary of Stanton Associates, Inc.
Goodman Segar Hogan, Inc. Virginia Norfolk, Virginia - Real
estate company
Subsidiaries of Goodman Segar Hogan, Inc.
Stanton Associates One Virginia Norfolk, Virginia - Real
estate investment
Goodman Segar Hogan Hoffler,Virginia Norfolk, Virginia - Real
Inc. estate company
Denbigh Shopping Center Virginia Norfolk, Virginia - Real
Associates estate investment
GSH/Stanton Associates, L.P. Virginia Norfolk, Virginia - Real
estate investment
Stanton Associates Two Virginia Norfolk, Virginia - Real
estate investment
Hogan Stanton, Inc. Virginia Norfolk, Virginia - Real
estate investment
Hogan Stanton Properties, Inc. Virginia Norfolk, Virginia - Real
estate investment
Hogan Stanton Investment, Inc. Virginia Norfolk, Virginia - Real
estate investment
Goodman Segar Hogan of Great Virginia Norfolk, Virginia - Real
Bridge, Inc. estate investment
State of Location and
Name Organization Nature of Business
Subsidiaries of Goodman Segar Hogan, Inc. (continued)
Air Cargo Associates Virginia Norfolk, Virginia -
Operating Partnership-Real
estate
Air Cargo Associates II Virginia Norfolk, Virginia -
Operating Partnership-Real
estate
Monroe Construction Virginia Norfolk, Virginia -
Management, Inc. Construction company
Arcade, Inc. Virginia Norfolk, Virginia - Real
estate investment
Goodman Segar Hogan of Virginia Norfolk, Virginia - Real
Little Neck, Inc. estate investment
Riverside Development Joint Virginia Norfolk, Virginia -
Venture Operating Partnership-Real
estate
Baxter Road Associates Virginia Norfolk, Virginia -
Operating Partnership-Real
estate
Goodman Segar Hogan of Virginia Norfolk, Virginia - Real
Orlando, Inc. estate investment
Historic Towne Square Company Virginia Norfolk, Virginia -
Operating Partnership-Real
estate
American Storage Properties, Virginia Norfolk, Virginia - Real
Inc. estate investment
Goodman Segan Hogan of Virginia Norfolk, Virginia - Real
World Trade Center, Inc. estate investment
World Trade Center Associates, Virginia Norfolk, Virginia -
L.P. Operating Partnership- Real
estate
Azalea Richmond Self-Storage, Virginia Norfolk, Virginia - Real
Inc. estate investment
Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll
North Carolina, Inc. Tax Conduit
Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll
Virginia, Inc. Tax Conduit
GSH Maintenance Corporation Virginia Norfolk, Virginia - Payroll
Tax Conduit
Goodman Segar Hogan of Virginia Norfolk, Virginia - Payroll
Atlanta, Inc. Tax Conduit
Madison Property Services, Inc.Virginia Norfolk, Virginia - Provides
insurance services
Goodman Segar Hogan Parking Virginia Norfolk, Virginia - Parking
Management, Inc. lot Management
Shoulders Hill Investors, L.P. Virginia Norfolk, Virginia - Dormant
partnership
<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiary of Stanton Associates One
Brown Farm Associates Virginia Norfolk, Virginia -
Operating partnership-Real
estate
Subsidiary of Denbigh Shopping Center Associates
Turnbarr Associates Virginia Norfolk, Virginia -
Operating partnership-Real
estate
Subsidiary of Stanton Associates Two
Salem Lakes Commercial Virginia Norfolk, Virginia -
Associates Operating partnership-Real
estate
Subsidiary of Hogan Stanton, Inc.
HS Advisors, Ltd. Virginia Norfolk, Virginia - Real
estate investment
Subsidiary of Hogan Stanton Properties, Inc.
HS Advisors II, Ltd. Virginia Norfolk, Virginia - Real
estate investment
Subsidiary of Hogan Stanton Investments, Inc.
HS Advisors III, Ltd. Virginia Norfolk, Virginia - Real
estate investment
Subsidiary of Arcade, Inc.
Selden Associates Virginia Norfolk, Virginia -
Operating partnership- Real
estate
Subsidiary of American Storage Properties, Inc.
GSH/American Storage Virginia Norfolk, Virginia - Real
Properties Associates, L.P. estate investment
Subsidiary of Goodman Segar Hogan, Inc. and
Goodman Segar Hogan Hoffler, Inc.
Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real
L.P. estate brokerage, leasing
and management
Subsidiary of Goodman Segar Hogan Hoffler, Inc.
Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real
Construction, Inc. estate construction general
partner
<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiary of Goodman Segar Hogan Hoffler Construction L.P. and
Goodman Segar Hogan Hoffler L. P.
Goodman Segar Hogan Hoffler Virginia Norfolk, Virginia - Real
Construction, L.P. estate construction
Subsidiary of Edgen, Inc.
H-W Properties, Inc. Delaware Houston, Texas - Real
estate investment
Subsidiary of H-W Properties, Inc.
Waterford Harbor Realty, Inc. Texas Houston, Texas - Real estate
management
Subsidiary of Virginia Financial Ventures, Inc.
First Source Financial LLP Illinois Prospects Heights, Illinois
- Middle market commerical
lending
Subsidiaries of Dominion Lands, Inc.
Widewater Associates Virginia Stafford County, Virginia -
Land Development
Lake Badin Associates Virginia Montgomery County, North
Carolina - Land Development
Dominion Lands-Williamsburg, Virginia James City County, Virginia
Inc. - Land Development
Chesterfield Land Associate Virginia Chesterfield County,
Virginia - Land Development
Harborside Condominium Unit Virginia Alexandria, Virginia -
Owners Association Condominium Owners
Association
Subsidiairies of Lake Badin Associates
Uwharrie Point Community North Montgomery County,
Association, Inc. Carolina North Carolina - Homeowners
Association
Millingport Community North Montgomery County,
Association, Inc. Carolina North Carolina -
Neighborhood Association
Subsidiaries of Dominion Lands, Inc. and
Dominion Lands-Williamsburg, Inc.
Governor's Land Associates Virginia James City County, Virginia
- Land Development
Subsidiaries of Governor's Land Associates
Governor's Land Foundation Virginia James City County, Virginia
- Homeowners Association
Two Rivers Club Delaware James City County, Virginia
- Country Club
<PAGE>
State of Location and
Name Organization Nature of Business
Governor's Land Management Virginia James City County, Virginia
Company, Inc. - Operation and maintenance
services for land and club
development projects
Subsidiaries of Dominion Energy, Inc.
Dominion Cogen, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration
Dominion Cogen CA, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
state of California
Dominion Cogen WV, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
state of West Virginia
Dominion Cogen NY, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration and
small power production in
state of New York
Dominion Cogen DC, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
DC
Dominion Reserves, Inc. Virginia Richmond, Virginia - Gas and
Oil Development
Dominion Energy Services Virginia Richmond, Virginia -
Company, Inc. (operates in West Operation and maintenance
Virginia as DE Services services for nonutility
Company, Inc.) power projects
Dominion Demand Side Virginia Headquarters in Richmond,
Services, Inc. Virginia - Energy
Conservation
Tech Resources, Inc. Delaware Columbus, Ohio - Energy
Conservation
Dominion Generating S.A. Argentina Buenos Aires, Argentina -
Electric power production in
Argentina
Dominion Black Warrior Basin, Alabama Tuscaloosa, Alabama -
Inc. Methane gas production
Dominion Reserves-Utah, Inc. Utah Headquarters in Richmond,
Virginia - Methane gas
production in Utah
Dominion Energy Central Belize, C.A. Belize City, Belize - Equity
America, Inc. holding
Caithness BLM Group L.P. New Jersey Ridgecrest, California -
Geothermal electric
generation
Caithness Navy II Group L.P. New Jersey Inyo County, California -
Geothermal electric
generation
Rumford Cogeneration Maine Rumford, Maine-Cogeneration
Company, Ltd.
<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiaries of Dominion Energy, Inc. (continued)
Luz Solar Partners Ltd., VII California Los Angeles, California -
L.P. Solar electric generation
Subsidiary of Dominion Cogen, Inc.
Enron/Dominion Cogen Corp. Delaware Houston, Texas -Cogeneration
Subsidiaries of Enron/Dominion Cogen Corp.
Enron Cogeneration One Delaware Houston, Texas-Cogeneration
Company
Enron Cogeneration Three Delaware Houston, Texas-Cogeneration
Company
Enron Cogeneration Five Delaware Houston, Texas-Cogeneration
Company
Enron Bayou Cogeneration, Inc. Delaware Houston, Texas-Cogeneration
Subsidiary of Enron Cogeneration One Company
Cogenron Inc. Delaware Texas City, Texas -
Cogeneration Plant
Subsidiary of Enron/Dominion Cogen Corp. and
Enron Cogeneration Three Company
Clear Lake Cogeneration Texas Bayport, Texas -
Limited Partnership Cogeneration Plant
Subsidiaries of Dominion Cogen CA, Inc.
Chalk Cliff Limited Texas Headquarters in Houston,
Texas - Cogeneration in
state of California
San Joaquin Cogen Limited Texas Headquarters in Houston,
Texas - Cogeneration in
state of California
Subsidiary of Dominion Cogen DC, Inc.
Georgetown Cogeneration, L.P. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
D.C.
Subsidiary of Dominion Cogen WV, Inc.
Morgantown Energy Associates West Virginia Morgantown, WV -
Cogeneration
Subsidiaries of Dominion Cogen NY, Inc.
Warrensburg Hydro Power New York Glens Falls, New York -
Limited Partnership Small Power Producer
Middle Falls Limited Partnership New York Glens Falls, New York -
Small Power Producer
Sissonville Limited Partnership New York Glens Falls, New York -
Small Power Producer
NYSD Limited Partnership New York Glens Falls, New York -
Small Power Producer
State of Location and
Name Organization Nature of Business
Subsidiary of Dominion Reserves, Inc.
Dominion Gas Processing MI, Inc. Virginia Headquarters in Richmond,
Virginia - natural gas
processing in Michigan
Dominion Southern Michigan, Inc. Delaware Headquarters in Richmond,
Virginia - Oil and gas
development in Michigan
Subsidiary of Dominion Gas Proce ssing MI, Inc.
Frederic HOF L.P. Virginia Gaylord, Michigan - natural
gas processing
Wilderness Energy, L.C. Michigan Gaylord, Michigan - Oil and
gas gathering and
development
Subsidiary of Wilderness Energy, L.C. and
Dominion Gas Processing MI, Inc.
Wilderness Energy Services Michigan Gaylord, Michigan - Oil and
L.P. gas gathering and
development
Subsidiary of Dominion Demand Side Services, Inc. and
Tech Resources, Inc.
Tech Resources, L.P. Delaware Columbus, Ohio - Energy
Conservation
Subsidiaries of Dominion Generating S.A.
A. V. Holding S.A. Argentina Buenos Aires, Argentina -
Equity holdings in Argentina
Patagonia Holding, S.A. Argentina Buenos Aires, Argentina -
Equity holdings in Argentina
CUYO Holding S.A. Argentina Buenos Aires, Argentina -
Shell corporation
Diamante Holding S.A. Argentina Buenos Aires, Argentina -
Shell corporation
___________________
(1) Virginia Electric and Power Company owns certain properties in West
Virginia but since March 1, 1987 has not provided electric service in that
state.
<PAGE>
(2) For the calendar year 1994, the revenues and income and net income of
Dominion Capital, Inc. (DCI), Dominion Energy, Inc. (DEI) and their
subsidiaries, as percentages of claimant's consolidated revenues and income
and net income, are as follows:
Revenues and
income as % of Net income as %
consolidated of consolidated
DCI 2.2 3.9
DEI 4.7 12.5
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 lines or pipelines which
deliver or receive electric energy or gas at the borders of such State, is as
follows:
The claimant owns all of the issued and outstanding common stock of
Virginia Electric and Power Company (which, including all of its businesses,
wherever located, is hereinafter referred to as "Virginia Power"), a Virginia
public service corporation. Virginia Power is a regulated public utility
engaged in the generation, transmission, distribution and sale of electric
energy in a 30,000 square mile service area in Virginia and northeastern North
Carolina and consequently has generation, transmission and distribution
facilities in each of those states. Virginia Power also owns a fuel pier that
extends into navigable waters within the boundaries of Maryland and owns
generation and transmission facilities located in West Virginia. In its
service area it sells electricity to retail customers, including governmental
agencies, and to wholesale customers such as rural electric cooperatives and
municipalities. Virginia Power's service area comprises about 65% of
Virginia's total land area, but accounts for over 80% of its population. DCI
owns, in accordance with a no-action letter from the SEC Office of Public
Utility Regulation dated December 22, 1987, a limited partnership interest in
Catalyst Old River Hydroelectric Limited Partnership, which is the lessee of a
hydro facility in Louisiana. DEI has interests in various cogeneration and
small power production facilities in various states of the United States, but
all of such facilities are Qualifying Facilities under the Public Utility
Regulatory Policies Act. In addition, DEI owns an interest in a hydroelectric
power project that is under construction in Belize and that will be held and
operated by an Exempt Wholesale Generator under the Energy Policy Act of 1992.
DEI has also purchased interests in a gas-fired, and a hydroelectric
generating facility in Argentina, and operates these facilities, all through
Exempt Wholesale Generators. Dominion Reserves, Inc., a subsidiary of Dominion
Energy, Inc. is a participant in 86 oil and natural gas development programs
in Arkansas, Colorado, Georgia, the Gulf of Mexico, Kansas, Louisiana,
Michigan, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas, Virginia, West
Virginia and Wyoming.
<PAGE>
A more detailed description of the properties of, and a discussion of
the business of the claimant and its subsidiaries, is found in the Annual
Report on Form 10-K of the claimant (File No. 1-8489) for the fiscal year
ended December 31, 1993 which is on file with the SEC and incorporated herein
by this reference.
3. The following information for the last calendar year (1994) with
respect to claimant and each of its subsidiary public utility companies is
provided in the chart below:
(a) Number of kwh of electric energy sold (at retail or wholesale),
and MCF of natural or manufactured gas distributed at retail.
(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.
(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.
(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.
Virginia Power
(a) Number of kwh of electric energy sold. 65,740,635,000
(b) Number of kwh of electric energy distributed 2,838,978,000
at retail outside the State of Virginia.
(c) Number of kwh of electric energy sold at 816,607,000
wholesale outside the State of Virginia,
or at the State line.
(d) Number of kwh of electric energy purchased 7,857,300,000
outside the State of Virginia or at the 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:
<PAGE>
(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 sale or for the distribution at retail
of natural or manufactured gas.
1. Name: Mollejon Hydroelectric Project
Location: The facility is located on the Macal River in Cayo
District, Belize, Central America.
Business Address: Belize Electric Company Limited
37 Regent Street
Belize City, Belize
Description: This 25.2 MW hydroelectric facility is located in west
Belize, C.A. on the Macal River. The project, which
is currently under construction, will consist of a
diversion dam, a 2.5 mile power tunnel, and a
powerhouse which will contain three 8400 KW turbine
generators. The diversion dam will impound sufficient
water to allow daily regulation.
2. Name: Hidroelectrica Cerros Colorados Power Plant
Location: The facility is located 50 miles west of the city of
Neuquen on the Neuquen River in Neuquen Province,
Argentina.
Business Address: Hidroelectrica Cerros Colorados S.A.
Leandro N. Alem 690
Piso 12
Buenos Aires, Argentina
Description: This hydroelectric generating facility has a nominal
power production capacity of 450 MW. It consists of
two 225 MW turbogenerators with associated equipment
and five dams. The generating plant dam is
earthen-filled, and the other four dams consist of one
earthen-filled diversion structure, two earthen-filled
flow regulating structures and one concrete flow
regulating structure.
3. Name: Central Termica Alto Valle Power Plant
Location: The facility is located in the city of Neuquen,
Argentina.
Business Address: Central Termica Alto Valle S.A.
Leandro N. Alem 690
Piso 12
Buenos Aires, Agentina.
<PAGE>
Description: The Alto Valle Station has a nominal power production
capacity of 98 MW. The Station consists of five
turbines: two 15 MW steam turbines, one 18 MW gas
turbine and two 25 MW gas turbines. The Station is
interconnected with Compania Administradora del
Mercado Mayorista Electrico Sociedad Anonima, which is
the Argentine spot market for electric energy, by four
transmission lines.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company, and description of the interest held.
Name Description of Interest Held
Dominion Resources, Inc. 100% Ownership of Dominion Energy,
Inc.
Dominion Energy, Inc. 99.916% ownership interest in
Dominion Generating S.A.
100% ownership interest in Dominion
Energy Central America, Inc.
99.916% ownership interest in
Dominion Management Argentina
S.A., EWG# EG93-60-000 and EWG#
EG93-53-000.
Dominion Generating S.A. 65% ownership interest in Patagonia
Holding S.A.
60% ownership interest in A.V.
Holding S.A.
Dominion Energy Central 95% ownership interest in
America, Inc. Belize Electric Company Limited,
EWG# EG93-45-000.
Patagonia Holding S.A. 59% ownership interest in
Hidroelectrica Cerros Colorados S.A.,
EWG# EG93-58-000.
A.V. Holding S.A. 90% ownership interest in Central
Termica Alto Valle S.A., EWG#
E93-93-000.
(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.
<PAGE>
DOMINION RESOURCES, INC.
ANALYSIS OF FOREIGN INVESTMENTS
AS OF DECEMBER 31, 1994
US$
DOMINION RESOURCES
INVESTMENT INVESTMENT
TYPE AMOUNT DIRECT/INDIRECT
Belize Projects:
Stock $10,047,500 Indirect
Debt 17,935,432 Indirect
__________
$27,982,932
==========
Argentine Projects:
Stock $13,317,044 Indirect
Debt 56,772,544 Indirect
Letter-of-Credit 6,000,000 Indirect
__________
$76,089,588
==========
The above investments were established through Dominion Resources'
wholly-owned subsidiary, Dominion Energy, Inc. The Letter-of-Credit is a
Dominion Energy guarantee of debt for the Central Termica Alto Valle Project.
(d) Capitalization and earnings of the EWG or foreign utility company
during the reporting period.
Capitalization:
Central Termica Alto Valle S.A.:
Stock $11,013,300
Letter-of-Credit 6,000,000
__________
$17,013,300
==========
Hidroelectrica Cerros Colorados S.A.:
Stock $47,209,703
==========
Dominion Management Argentina S.A.:
Stock $ 12,000
======
Belize Electric Company Limited:
Stock $12,730,000
Debt 3,211,269
__________
$15,941,269
==========
Earnings:
Central Termica Alto Valle S.A. $614,747
Hidroelectrica Cerros Colorados S.A. 4,299,783
Dominion Management Argentina S.A. (830,830)
Belize Electric Company Limited 3,337
_________
$4,087,037
=========
(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).
1. Dominion Energy, Inc. (Dominion Energy) has a support services
contract with Dominion Management Argentina S.A. (Manager) dated December 1,
1993 to provide personnel, supervision, technical expertise and other services
as Manager may request from time to time for the purpose of assisting Manager
to fulfill its obligation to Central Termica Alto Valle S.A. and
Hidroelectrica Cerros Colorados. Dominion Energy is reimbursed for costs
associated with services it provides.
2. Dominion Management Argentina S.A. (DMASA) has a contract with Central
Termica Alto Valle S.A. (CTAV) dated August 26, 1992 to provide the management
of operations and maintenance for the Central Termica Alto Valle Plant. In
addition, DMASA is reimbursed for the cost it incurs associated with
fulfilling its obligations under this contract. DMASA receives a management
fee of 2% of the gross revenue of the energy sales from the facility.
Operations and maintenance costs are paid by CTAV.
3. Dominion Management Argentina S.A. (DMASA) has a contract with
Hidroelectrica Cerros Colorados S.A. (HCC) dated September 1, 1993 to provide
management of operations and maintenance for the Hidroelectrica Cerros
Colorados Plant. DMASA receives a management fee of 1.5% of the gross revenue
from the sale of energy from the facility. Operations and maintenance costs
are paid by HCC.
4. Dominion Energy Services Company, Inc. (DESCO), a wholly-owned
subsidiary of Dominion Energy, Inc., has a contract, dated January 1, 1994, to
provide the management, operation and maintenance services to Belize Electric
Company Limited.
DESCO will be reimbursed for the costs it incurs related to this
obligation and be paid a fee equal to 2% of gross revenue from the sale of
energy from the facility. DESCO will seek certification as an Exempt
Wholesale Generator prior to completion of the facility.
<PAGE>
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year (1994), together with a
consolidating balance sheet of claimant and its subsidiary companies as of the
close of such calendar year, are submitted as Exhibit A hereto.
The above-named claimant has caused this statement to be duly executed on
its behalf by its authorized officer on the 1st day of March 1995.
DOMINION RESOURCES, INC.
BY: JAMES L. TRUEHEART
____________________________
James L. Trueheart
Vice President and Controller
Corporate Seal
Attest:
BY: LINWOOD R. ROBERTSON
___________________________________
Linwood R. Robertson
Senior Vice President and Chief Financial Officer
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Linwood R. Robertson, Senior Vice President and Chief Financial Officer
_______________________________________________________________________
(Name) (Title)
901 E. Byrd Street
P. O. Box 26532
Richmond, Virginia 23261
(804) 775-5895
<PAGE>
<TABLE>
Exhibit A page 1 of 15
DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1994 (thousands)
<CAPTION>
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY
ASSETS RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED
- -------------------------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Current
Cash $553 $10,106 $3,671 $13,311 $27,641
Temporary investments 103,600 15,500 119,100
Short-term market. securities 76,000 34,828 110,828
Customer accts. receivable, net 202,732 202,732
Other accounts receivable 24,211 8,340 28,150 53,207 (30,692) 83,216
Accrued unbilled revenues 97,399 97,399
Accrued taxes 1,049 10,863 14,902 26,814
Materials & supplies:
Plant and general 186,600 186,600
Fossil fuel 122,949 122,949
Other 26,175 13,352 19,204 51,717 (1,204) 109,244
-------------- -------------- -------------- -------------- -------------- --------------
231,588 77,489 65,927 743,415 (31,896) 1,086,523
-------------- -------------- -------------- -------------- -------------- --------------
Investments
Invest. in affiliates & part. 4,391,328 72,640 210,186 (4,391,328) 282,826
Inter-company advances 199,759 (199,759) 0
Marketable securities 6,433 263,737 16,319 0 286,489
Nuclear decomm. trust funds 260,870 260,870
Pollution control project funds 20,281 20,281
Investment in real estate 107,526 107,526
Other 5,083 175,870 13,594 21,091 (13,626) 202,012
-------------- -------------- -------------- -------------- -------------- --------------
4,602,603 619,773 240,099 302,242 (4,604,713) 1,160,004
-------------- -------------- -------------- -------------- -------------- --------------
Property, Plant and Equipment
Utility plant & nuclear fuel 14,713,825 14,713,825
Nonutility property 46,606 16,727 631,330 6,972 701,635
Less accumulated depreciation
and amortization 10,917 2,155 65,562 5,090,401 1,031 5,170,066
-------------- -------------- -------------- -------------- -------------- --------------
35,689 14,572 565,768 9,623,424 5,941 10,245,394
-------------- -------------- -------------- -------------- -------------- --------------
Deferred Charges & Other Assets
Regulatory Assets:
Income taxes recoverable 488,178 488,178
Deferred capacity expenses 3,353 3,353
Terminated contruction project
costs, net 128,517 128,517
Other regulatory assets 250,952 250,952
Other 1,472 67,315 47,596 107,815 (24,969) 199,229
-------------- -------------- -------------- -------------- -------------- --------------
1,472 67,315 47,596 978,815 (24,969) 1,070,229
-------------- -------------- -------------- -------------- -------------- --------------
TOTAL ASSETS $4,871,352 $779,149 $919,390 $11,647,896 ($4,655,637) $13,562,150
============== ============== ============== ============== ============== ==============
/TABLE
<PAGE>
<TABLE>
Exhibit A page 2 of 15
DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1994 (thousands)
<CAPTION>
LIABILITIES AND DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY
STOCKHOLDERS' EQUITY RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED
- -------------------------------- -------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
Current
Securities due within one year $875 $66,104 $20,000 $312,250 $0 399,229
Short-term debt 63,990 658 81,324 0 145,972
Accounts payable, trade 13,288 5,935 36,678 318,333 (30,692) 343,542
Accrued interest 632 4,009 6,618 96,233 (1,204) 106,288
Accrued taxes 0
Customer deposits 54,966 54,966
Accrued payroll 59,543 59,543
Provision for rate refunds 12,189 12,189
Other 17,974 4,087 3,137 95,555 (5,008) 115,745
-------------- -------------- -------------- -------------- -------------- --------------
96,759 80,793 147,757 949,069 (36,904) 1,237,474
-------------- -------------- -------------- -------------- -------------- --------------
Long-Term Debt
Inter-company borrowings 144,378 55,381 (199,759) 0
Utility 3,910,424 3,910,424
Nonrecourse-nonregulated 21,752 393,558 224,787 640,097
Other 160,000 160,000
-------------- -------------- -------------- -------------- -------------- --------------
181,752 537,936 280,168 3,910,424 (199,759) 4,710,521
-------------- -------------- -------------- -------------- -------------- --------------
Deferred Credits and
Other Liabilities
Deferred income taxes 2,936 36,797 108,301 1,466,676 (1,139) 1,613,571
Investment tax credits 289,182 289,182
Capital lease obligation, non-current 0
Deferred fuel expenses 51,461 51,461
Other 57 32,456 119,349 129,789 (23,897) 257,754
-------------- -------------- -------------- -------------- -------------- --------------
2,993 69,253 227,650 1,937,108 (25,036) 2,211,968
-------------- -------------- -------------- -------------- -------------- --------------
Preferred Stock Subject
To Mandatory Redemption 372 221,732 222,104
-------------- -------------- -------------- -------------- -------------- --------------
Preferred Stock Not Subject
To Mandatory Redemption 594,014 0 594,014
-------------- -------------- -------------- -------------- -------------- --------------
Stockholders' Equity
Common stock 3,157,558 8 208 2,737,407 (2,737,623) 3,157,558
Other paid-in capital 21,113 79,389 200,805 20,357 (300,551) 21,113
Allowance on marketable securities (47,827) (46,478) (335) 46,813 (47,827)
Retained earnings 1,459,004 57,876 63,137 1,277,785 (1,402,577) 1,455,225
----------------------------- -------------- -------------- -------------- --------------
4,589,848 90,795 263,815 4,035,549 (4,393,938) 4,586,069
-------------- -------------- -------------- -------------- -------------- --------------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $4,871,352 $779,149 $919,390 $11,647,896 ($4,655,637) $13,562,150
============== ============== ============== ============== ============== ==============
/TABLE
<PAGE>
<TABLE>
Exhibit A page 3 of 15
DOMINION RESOURCES, INC.
CONSOLIDATING STATEMENT OF INCOME
YEAR-TO-DATE ENDED DECEMBER 31, 1994
<CAPTION>
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY
RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED
-------------- -------------- -------------- -------------- -------------- --------------
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Electric $4,170,838,785 $4,170,838,785
Nonutility $19,242,053 $99,192,282 $210,641,458 (8,827,636) 320,248,157
-------------- -------------- -------------- -------------- -------------- --------------
Total operating revenues and income 19,242,053 99,192,282 210,641,458 4,170,838,785 (8,827,636) 4,491,086,942
OPERATING EXPENSES
Fuel used in current generation 593,363,627 593,363,627
Purchased power fuel expenses 382,227,360 382,227,360
Purchased power capacity expenses 642,893,802 642,893,802
Deferred fuel expenses (2,589,280) (2,589,280)
Deferred capacity expenses 26,478,526 26,478,526
Other operation 15,843,349 62,578,534 83,715,484 577,416,437 739,553,804
Maintenance 263,187,964 263,187,964
Depreciation, depletion & amort. 1,946,791 2,760,135 47,711,222 480,695,650 533,113,798
Other taxes 675,377 1,162,658 16,977,123 255,826,981 274,642,139
-------------- -------------- -------------- -------------- -------------- --------------
Total operating expenses 18,465,517 66,501,327 148,403,829 3,219,501,067 0 3,452,871,740
-------------- -------------- -------------- -------------- -------------- --------------
Operating income 776,536 32,690,955 62,237,629 951,337,718 (8,827,636) 1,038,215,202
-------------- -------------- -------------- -------------- -------------- --------------
OTHER INCOME
Utility 7,164,335 7,164,335
Nonutility
Allowance for other funds 6,421,409 6,421,409
-------------- -------------- -------------- -------------- -------------- --------------
Total other income 0 0 0 13,585,744 0 13,585,744
-------------- -------------- -------------- -------------- -------------- --------------
Income before fixed charges and
federal income taxes 776,536 32,690,955 62,237,629 964,923,462 (8,827,636) 1,051,800,946
-------------- -------------- -------------- -------------- -------------- --------------
FIXED CHARGES
Interest charges, net 12,778,505 36,770,637 24,314,086 295,209,599 (8,827,636) 360,245,191
Preferred dividends of Va. Power 42,274,038 42,274,038
-------------- -------------- -------------- -------------- -------------- --------------
Total fixed charges 12,778,505 36,770,637 24,314,086 337,483,637 (8,827,636) 402,519,229
-------------- -------------- -------------- -------------- -------------- --------------
Income before provision for federal
income taxes (12,001,969) (4,079,682) 37,923,543 627,439,825 0 649,281,717
Provision for federal income taxes (6,859,970) (22,962,229) (21,710,920) 222,569,983 171,036,864
-------------- -------------- -------------- -------------- -------------- --------------
Net income ($5,141,999) $18,882,547 $59,634,463 $404,869,842 $0 $478,244,853
============== ============== ============== ============== ============== ==============
Earnings per share ($0.030) $0.111 $0.350 $2.377 $2.808
/TABLE
<PAGE>
<TABLE>
Exhibit A page 4 of 15
DOMINION ENERGY, INC
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1994
(In Thousands)
<CAPTION>
BLACK DOMINION
DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION
ENERGY RESERVES BASIN - UTAH DOMCO DESCO DDSS COGEN CA COGEN NY
ASSETS
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current Assets
Cash & cash equivalents $27 $962 $1,956 $10 $0 $8 $0 $1 $3
Accounts receivable 2,277 9,515 390 204 0 3,834 0 0 0
Interest receivable 1,268 0 0 0 0 107 0 0 1
Notes receivable 4,536 0 0 0 0 0 0 0 0
Other 885 11,755 1,631 532 0 57 0 0 0
___________________________________________________________________________________
8,993 22,232 3,977 745 0 4,006 0 1 4
___________________________________________________________________________________
Investments
Investment in subsidiaries 198,584 0 0 0 86,182 0 0 0 0
Investment in partnerships 104,039 3,248 0 0 0 0 150 1,451 (37)
Inter-company advances 218,731 0 4,176 0 0 0 0 41 284
Other 6,762 3,097 16,319 0 6,634 0 0 0 0
___________________________________________________________________________________
528,117 6,345 20,495 0 92,815 0 150 1,492 247
___________________________________________________________________________________
Properties, Plant and Equipment 549 314,111 1,773 15,703 0 0 0 0 0
Less accumulated dep & amort 363 50,720 496 1,049 0 0 0 0 0
___________________________________________________________________________________
186 263,391 1,277 14,654 0 0 0 0 0
___________________________________________________________________________________
Deferred Charges and Other Assets
Other 5,518 3,137 0 56 16,320 0 0 0 0
___________________________________________________________________________________
Total Assets $542,813 $295,105 $25,749 $15,455 $109,135 $4,006 $150 $1,493 $251
___________________________________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 5 of 15
DOMINION ENERGY, INC
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1994
(In Thousands)
<CAPTION>
DOMINION DOM ENERGY
DOMINION DOMINION MANAGEMENT CENTRAL TOTAL
COGEN WV GENERATING ARGENTINA AMERICA ELIMINATIONS CONSOLIDATED
ASSETS
<S> <C> <C> <C> <C> <C> <C>
Current Assets
Cash & cash equivalents $2 $406 $44 $252 $0 $3,671
Accounts receivable 0 11,758 865 0 (2,213) 26,629
Interest receivable 42 0 0 0 (1,222) 198
Notes receivable 0 0 0 0 (3,211) 1,324
Other 0 4,344 0 0 0 19,204
____________________________________________________________________
44 16,508 909 252 (6,646) 51,025
____________________________________________________________________
Investments
Investment in subsidiaries 0 0 0 0 (198,584) 86,182
Investment in partnerships 15,153 0 0 0 0 124,004
Inter-company advances 8,394 0 0 0 (231,626) 0
Other 0 0 0 500 (3,398) 29,913
____________________________________________________________________
23,547 0 0 500 (433,608) 240,099
____________________________________________________________________
Properties, Plant and Equipment 0 252,950 625 45,619 0 631,330
Less accumulated dep & amort 0 12,924 10 0 0 65,562
____________________________________________________________________
0 240,026 615 45,619 0 565,769
____________________________________________________________________
Deferred Charges and Other Assets
Other 0 22,565 0 0 0 47,595
____________________________________________________________________
Total Assets $23,591 $279,099 $1,525 $46,371 ($440,254) $904,488
____________________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 6 of 15
DOMINION ENERGY, INC
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1994
(In Thousands)
<CAPTION>
BLACK DOMINION
DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION
ENERGY RESERVES BASIN - UTAH DOMCO DESCO DDSS COGEN CA COGEN NY
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Liabilities
Current Liabilities
Accounts payable $978 $4,671 $20,819 $0 $0 $123 $0 $0 $0
Dividends payable 0 0 0 0 0 0 0 0 0
Short-term debt 0 0 126 0 0 0 0 0 0
Interest accrued 4,146 1,069 2 56 1,639 11 0 0 0
Taxes accrued (2,579) (6,801) (2,509) (997) (1,062) 191 (46) (46) (3)
Other 2,213 0 0 0 0 519 0 0 0
_____________________________________________________________________________________________
4,758 (1,060) 18,438 (940) 577 843 (46) (46) (3)
_____________________________________________________________________________________________
Long-term Debt
Inter-company borrowings 68,276 204,865 0 10,865 (421) 2,162 1,260 0 0
Other 144,500 0 252 0 71,285 0 0 0 0
_____________________________________________________________________________________________
212,776 204,865 252 10,865 70,864 2,162 1,260 0 0
_____________________________________________________________________________________________
Deferred Credits & Other Liab
Deferred income taxes 61,156 42,915 (6,969) 1,846 1,062 (92) (127) 1,028 277
Other 309 4,105 8,224 0 0 215 0 0 0
_____________________________________________________________________________________________
61,464 47,020 1,255 1,846 1,062 123 (127) 1,028 277
_____________________________________________________________________________________________
Total Liabilities 278,998 250,824 19,945 11,770 72,503 3,128 1,087 981 274
_____________________________________________________________________________________________
Common Stockholders Equity 0
Common stock 208 0 0 0 35,000 1 10 1 1
Other paid-in capital 200,805 10,961 0 3,500 1,723 0 0 0 46
Valuation allowance (335) 0 (335) 0 0 0 0 0 0
Retained earnings 63,137 33,320 6,140 185 (91) 876 (947) 511 (70)
_____________________________________________________________________________________________
263,815 44,281 5,804 3,685 36,632 877 (937) 512 (23)
_____________________________________________________________________________________________
Total Liab & Stockholder's
Equity $542,813 $295,105 $25,749 $15,455 $109,135 $4,006 $150 $1,493 $251
_____________________________________________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 7 of 15
DOMINION ENERGY, INC
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1994
(In Thousands)
<CAPTION>
DOMINION DOM ENERGY
DOMINION DOMINION MANAGEMENT CENTRAL TOTAL
COGEN WV GENERATING ARGENTINA AMERICA ELIMINATION CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C>
Liabilities
Current Liabilities
Accounts payable $0 $9,828 $2,046 $427 ($2,213) $36,678
Dividends payable 0 0 0 0 0 0
Short-term debt 0 81,198 0 3,211 (3,211) 81,324
Interest accrued 0 950 0 0 (1,255) 6,618
Taxes accrued (471) (346) (232) 0 0 (14,902)
Other 2 368 35 0 0 3,137
______________________________________________________________
(469) 91,998 1,849 3,639 (6,680) 112,855
______________________________________________________________
Long-term Debt
Inter-company borrowings 0 0 0 0 (231,626) 55,381
Other 0 6,292 0 28,750 (6,292) 244,787
____________________________________________________________
0 6,292 0 28,750 (237,919) 300,168
______________________________________________________________
Deferred Credits & Other Liab
Deferred income taxes 5,705 1,501 0 0 0 108,301
Other 0 102,895 0 675 2,928 119,350
______________________________________________________________
5,705 104,396 0 675 2,928 227,651
______________________________________________________________
Total Liabilities 5,236 202,686 1,849 33,064 (241,670) 640,674
______________________________________________________________
Common Stockholders Equity
Common stock 1 12 12 5 (35,043) 208
Other paid-in capital 21,997 70,604 0 13,225 (122,056) 200,805
Valuation allowance 0 0 0 0 335 (335)
Retained earnings (3,642) 5,797 (336) 78 (41,820) 63,137
______________________________________________________________
18,355 76,413 (324) 13,308 (198,584) 263,815
______________________________________________________________
Total Liab & Stockholder's
Equity $23,591 $279,099 $1,525 $46,371 ($440,254) $904,488
______________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 8 of 15
DOMINION ENERGY, INC
CONSOLIDATING INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1994
<CAPTION>
BLACK DOMINION
DOMINION DOMINION WARRIOR RESERVES DOMINION DOMINION DOMINION
ENERGY RESERVES BASIN - UTAH COGEN DESCO DDSS COGEN CA COGEN NY
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Oil and gas revenues $0 $46,394,099 $27,310,333 $1,621,075 $0 $0 $0 $0 $0
Energy revenues 0 0 0 0 0 0 0 0 0
Income from partnerships 9,665,428 626,710 0 0 0 0 (231,537) 127,044 42,006
Interest income 11,177,632 74,437 22,670 0 1,091 143,107 171 287 10,653
Other income 162,393 3,667,411 48,511,165 0 0 3,334,637 0 0 0
Equity earnings 60,202,803 0 0 0 5,218,104 0 0 0 0
__________________________________________________________________________________________________
81,208,256 50,762,657 75,844,168 1,621,075 5,219,195 3,477,744 (231,366) 127,331 52,659
__________________________________________________________________________________________________
Expenses:
Operating expenses 0 19,685,980 13,038,559 703,231 0 0 0 0 0
Contractual services (435,976) 1,470,000 0 0 0 0 0 0 0
Administrative and general 8,050,082 394,206 15,295 7,507 0 2,885,919 0 65 59
Depreciation and amortization 316,712 22,949,276 14,114,159 889,295 32,808 0 0 0 0
Interest charges 13,224,013 8,521,332 985,389 319,087 4,208,989 68,551 55,842 5,701 0
Other taxes 875,020 2,517,825 5,977,298 68,643 (3,932) 197,211 (366) (135) 180
Minority interest 0 20,453 0 0 0 0 0 0 0
__________________________________________________________________________________________________
22,029,851 55,559,072 34,130,700 1,987,763 4,237,865 3,151,681 55,476 5,631 239
__________________________________________________________________________________________________
Income before provision for 59,178,405 (4,796,415) 41,713,468 (366,688) 981,330 326,063 (286,842) 121,700 52,420
income taxes
Provision for income taxes (456,057) (19,082,400) 60,478 (501,379) (1,032,110) 114,208 (100,396) 42,595 18,346
__________________________________________________________________________________________________
Net income (loss) $59,634,462 $14,285,985 $41,652,990 $134,691 $2,013,440 $211,855 ($186,446) $79,105 $34,074
__________________________________________________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 9 of 15
DOMINION ENERGY, INC
CONSOLIDATING INCOME STATEMENT
YEAR-TO-DATE DECEMBER 31, 1994
<CAPTION>
DOMINION
DOMINION ENERGY
DOMINION DOMINION MANAGEMENT CENTRAL ELIMINATIONS
COGEN WV GENERATING ARGENTINA AMERICA DEBIT CREDIT CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Oil and gas revenues $0 $0 $0 $0 $75,325,507
Energy revenues 0 61,689,426 0 0 61,689,426
Income from partnerships (2,453,113) 0 0 0 7,776,538
Interest income 304,315 0 0 60,984 $11,105,558 689,789
Other income 0 2,905,736 1,360,752 0 59,942,094
Equity earnings 0 0 0 0 60,202,803 5,218,104
__________________________________________________________________________________
(2,148,798) 64,595,162 1,360,752 60,984 71,308,361 0 210,641,458
Expenses:
Operating expenses 0 19,193,595 0 0 52,621,365
Contractual services 0 898,340 1,729,879 0 3,662,243
Administrative and general 3,627 5,227,413 786,957 60 17,371,190
Depreciation and amortization 74,400 9,324,817 9,755 0 47,711,222
Interest charges 0 8,306,913 (14,430) 0 11,367,301 24,314,086
Other taxes (14,906) 6,162,499 40,496 0 1,157,290 16,977,123
Minority interest 0 9,778,315 0 176 261,743 10,060,686
__________________________________________________________________________________
63,121 58,891,892 2,552,657 236 1,419,033 11,367,301 172,717,915
Income before provision for income taxes (2,211,919) 5,703,270 (1,191,905) 60,748 69,889,328 (11,367,301) 37,923,543
Provision for income taxes (774,205) 1,518,365 (361,075) 0 1,157,290 (21,710,920)
__________________________________________________________________________________
Net income (loss) ($1,437,714) $4,184,906 ($830,830) $60,748 $69,889,328 ($12,524,591) $59,634,463
__________________________________________________________________________________
/TABLE
<PAGE>
<TABLE>
Exhibit A page 10 of 15
DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
<CAPTION>
DOMINION RINCON VIDALIA LA. PROJECT VA FIN
ASSETS CAPITAL SECURITIES DFI AUDIT HYDRO BRI AMERICA AUFSC VENT GSH DLI TOTAL
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current
Cash $265 $217 $5 $0 $5 $322 ($35)$5,000 $1,323 $3,004 $10,106
Temporary
investments 0
------------------------------------------------------------------------------------------------
Cash and equivalents 265 217 0 5 0 5 322 (35) 5,000 1,323 3,004 10,106
Accounts receivable 97 0 301 0 474 4,883 4,087 9,842
Dividends receivable 656 2,244 145 0 3,045
Interest receivable 1,455 236 4,399 94 6,184
Income tax benefit receivable 0 0
Short-term
investments 34,828 34,828
Other 1,043 234 7 3 5 3,429 4,721
------------------------------------------------------------------------------------------------
38,344 2,931 0 313 4,399 244 325 444 5,000 6,206 10,520 68,726
------------------------------------------------------------------------------------------------
Investments
Investment in
subsidiaries 141,394 11,230 152,624
Note receivable 8,150 5,238 1,700 15,088
Marketable
securities 56,334 183,181 21,958 2,264 263,737
Intercompany
advances 4,997 44,390 142,500 0 20,567 212,454
Vidalia Partnership 61,410 61,410
Investment in
real estate 22,779 1,970 82,777 107,526
Other 83,479 15,169 62,057 77 160,782
------------------------------------------------------------------------------------------------
378,543 242,740 142,500 0 62,057 47,763 0 2,264 0 2,047 95,707 973,621
------------------------------------------------------------------------------------------------
Property, Plant
and Equipment 100 0 24 27 161 0 16,415 16,727
Less accumulated
depreciation and
amortization 48 0 12 7 66 0 2,022 2,155
------------------------------------------------------------------------------------------------
52 0 0 12 0 0 20 95 0 0 14,393 14,572
------------------------------------------------------------------------------------------------
Deferred Charges &
Other Assets 809 7,510 2,256 667 175 21,815 30,568 63,800
------------------------------------------------------------------------------------------------
809 7,510 2,256 667 175 21,815 30,568 63,800
------------------------------------------------------------------------------------------------
TOTAL ASSETS $417,748 $253,181 $142,500 $325 $68,712 $48,674 $345 $2,978 $5,000 $30,068 $151,188 $1,120,719
================================================================================================
/TABLE
<PAGE>
Exhibit A page 11 of 15
DOMINION CAPITAL INC.
CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
INTERCO. ELIMS. CONSOLI-
ASSETS DR CR DATED
Current
Cash $10,106
Temporary investments 0
----------------------------
Cash and equivalents 0 0 10,106
Accounts receivable 1,502 8,340
Dividends receivable 289 2,756
Interest receivable 309 5,875
Income tax benefit
receivable 10,863 10,863
Short-term investments 34,828
Other 4,721
---------------------------
10,863 2,100 77,489
---------------------------
Investments
Investment in
subsidiaries 534 141,928 11,230
Note receivable 0 15,088
Marketable securities 0 263,737
Intercompany advances 212,454 0
Vidalia Partnership 61,410
Investment in real estate 107,526
Other 0 160,782
---------------------------
534 354,382 619,773
---------------------------
Property, Plant and Equipment 16,727
Less accumulated depreciation
and amortization 2,155
---------------------------
0 0 14,572
---------------------------
Deferred Charges & Other
Assets 3,515 67,315
---------------------------
3,515 67,315
---------------------------
TOTAL ASSETS $14,912 $356,482 $779,149
===========================<PAGE>
<TABLE>
Exhibit A page 12 of 15
DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
<CAPTION>
LIABILITIES AND DOMINION RINCON VIDALIA LA . PROJECT VA FIN
STOCKHOLDERS' EQUITY CAPITAL SECURITIES DFI AUDIT HYDRO BRI AMERICA AUFSC VEN GSH DLI TOTAL
-------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current
Securities due
within one year $3,112 $0 $0 $1,236 $61,756 $66,104
Short term debt 658 658
Accounts payable 3,635 25 13 0 11 112 158 3,483 7,437
Dividends payable 0 0 0 289 289
Accrued interest 2,549 429 3 886 30 421 4,318
Accrued taxes (9,352) (260) 18 5 (639) (38) (95) (1,201) 699 (10,863)
Other 3,217 139 87 0 0 53 75 6 510 4,087
--------------------------------------------------------------------------------------------------
3,161 991 0 121 891 (639) 26 92 0 229 67,158 72,030
--------------------------------------------------------------------------------------------------
Long-Term Debt
Inter-company
borrowings 299,259 0 497 1,638 2,863 52,576 356,833
Other 6,132 191,955 142,500 43,253 0 9,717 393,557
--------------------------------------------------------------------------------------------------
305,391 191,955 142,500 497 44,891 0 0 0 0 12,580 52,576 750,390
--------------------------------------------------------------------------------------------------
Deferred Credits and
Other Liabilities
Deferred income taxes 13,992 284 (8) 21,822 (860) (10) 34 (1,778) 3,321 36,797
Investment tax credits 0
Other 4,317 0 8,365 19,774 32,456
--------------------------------------------------------------------------------------------------
18,309 284 0 (8) 21,822 (860) (10) 34 0 6,587 23,095 69,253
--------------------------------------------------------------------------------------------------
Preferred stock subject
to mandatory redemption 372 372
--------------------------------------------------------------------------------------------------
Stockholder's Equity
Common stock 8 1,000 1 1 763 3,712 11,297 10 16,792
Other paid-in capital 79,389 16,168 38,226 5,000 18,089 156,872
Allowance on marketable
securities (46,478) (36,411) (1,624) (84,513)
Retained earnings 57,968 79,194 (285) 1,107 13,198 (434) (860) (625) (9,740) 139,523
--------------------------------------------------------------------------------------------------
90,887 59,951 0 (285) 1,108 49,801 329 2,852 5,000 10,672 8,359 228,674
--------------------------------------------------------------------------------------------------
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $417,748 $253,181 $142,500 $325 $68,712 $48,674 $345 $2,978 $5,000 $30,068 $151,188 $1,120,719
=====================================================================================================
/TABLE
<PAGE>
Exhibit A page 13 of 15
DOMINION CAPITAL INC.,
CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1994 (thousands)
INTERCO. ELIMS. CONSOLI-
DR CR DATED
------ ------ --------
Current
Securities due within one year $66,104
Short term debt 658
Accounts payable $1,502 5,935
Dividends payable 289 0
Accrued interest 309 4,009
Accrued taxes $10,863 0
Other 4,087
---------------------------------
2,100 10,863 80,793
---------------------------------
Long-Term Debt
Inter-company borrowings 212,454 144,379
Other 393,557
---------------------------------
212,454 0 537,936
---------------------------------
Deferred Credits and
Other Liabilities
Deferred income taxes 36,797
Investment tax credits 0
Other 0 32,456
---------------------------------
0 0 69,253
---------------------------------
Preferred stock subject to mandatory
redemption 0 372
---------------------------------
Stockholder's Equity
Common stock 16,784 8
Other paid-in capital 77,483 79,389
Allowance on marketable
securities 0 38,035 (46,478)
Retained earnings 97,015 15,368 57,876
---------------------------------
191,282 53,403 90,795
---------------------------------
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $405,836 $64,266 $779,149
==================================<PAGE>
<TABLE>
Exhibit A page 14 of 15
DOMINION CAPITAL, INC. CONSOLIDATING INCOME SATEMENT YEAR-TO-DATE DECEMBER 31, 1994
<CAPTION>
DOMINION VIDALIA LA. BLUE PROJECT
CAPITAL RINCON AUDIT HYDRO RIDGE AUFSC AMERICA GSH
-------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Interest income $4,076,863 $1,916,688 $6,814,282 $739,817 233 0
Dividend income 1,158,370 17,085,229 1,055,688 84,714 71
Gains and losses 9,481,203 600,455 126,347 0
Partnership income 6,983,600 0 0 0
Other income (1,512,538) 2,495 243,180 1,093,462 1,174,765 328,621 14,777,936
Dominion Lands revenues
Equity earnings 20,225,341
-----------------------------------------------------------------------------------------------
40,412,839 19,604,867 243,180 6,814,282 3,015,314 1,259,712 328,692 14,777,936
EXPENSES
Contractural services 1,760,101 45,139 (164,521) 0 0 177,665 0 0
Administrative and general 4,229,586 563,623 450,975 50 2,130,412 996,440 348,712 12,995,410
Depreciation and amortization 1,511,791 322,995 3,816 59,496 287,197 159,338 5,284 334,795
Interest charges 15,378,714 13,348,939 19,987 5,406,102 2,230,784 0 0 926,700
Other taxes 630,114 10,858 13,748 102,927 1,227 17,992 11,913 0
Dominion Lands operating
expenses
-----------------------------------------------------------------------------------------------
23,510,306 14,291,554 324,005 5,568,575 4,649,620 1,351,435 365,909 14,256,905
-----------------------------------------------------------------------------------------------
INCOME BEFORE PROVISION FOR
INCOME TAXES 16,902,533 5,313,313 (80,825) 1,245,707 (1,634,306) (91,723) (37,217) 521,031
PROVISION FOR INCOME
TAXES (6,075,846) (2,360,554) (28,602) 435,997 (11,995,059) (54,721) (12,453) (973,969)
-----------------------------------------------------------------------------------------------
NET INCOME (LOSS) $22,978,379 $7,673,867 ($52,223) $809,710 $10,360,753 ($37,002) ($24,764) $1,495,000
===============================================================================================
/TABLE
<PAGE>
<TABLE>
Exhibit A page 15 of 15
DOMINION CAPITAL, INC. CONSOLIDATING INCOME SATEMENT YEAR-TO-DATE DECEMBER 31, 1994
<CAPTION>
ELIMINATIONS CONSOLI-
DR CR SUBTOTAL DLI DATED
-------- ------ --------- ----- ---------
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Interest income $2,918,236 $10,629,647 $10,629,647
Dividend income 19,384,072 19,384,072
Gains and losses 10,208,005 10,208,005
Partnership income 6,983,600 6,983,600
Other income 0 16,107,921 16,107,921
Dominion Lands revenues 0 35,879,037 35,879,037
Equity earnings 20,225,341 0 0
-----------------------------------------------------------------------------
23,143,577 0 63,313,245 35,879,037 99,192,282
EXPENSES
Contractural services 1,818,384 1,818,384
Administrative and general 88,575 21,803,783 21,803,783
Depreciation and amortization 2,684,712 75,423 2,760,135
Interest charges 2,918,236 34,392,990 2,377,648 36,770,638
Other taxes 788,779 373,879 1,162,658
Dominion Lands operating
expenses 38,956,366 38,956,366
-----------------------------------------------------------------------------
88,575 2,918,236 61,488,648 41,783,316 103,271,964
-----------------------------------------------------------------------------
INCOME BEFORE PROVISION FOR
INCOME TAXES 23,232,152 2,918,236 1,824,597 (5,904,279) (4,079,682)
PROVISION FOR INCOME
TAXES (165,575) (20,899,632) (2,062,596) (22,962,228)
-----------------------------------------------------------------------------
NET INCOME (LOSS) $23,232,152 $2,752,661 $22,724,229 ($3,841,683) $18,882,546
=============================================================================
/TABLE
<PAGE>
EXHIBIT B. Financial Data Schedule
If, at the time a report on this form is filed, the registrant is required to
submit this report and any amendments thereto electronically via EDGAR, the
registrant shall furnish a Financial Data Schedule. The Schedule shall set
forth the financial and other data specified below that are applicable to the
registrant on a consolidated basis. See Exhibit 27 filed herewith.
Item No. Caption Heading
1 Total Assets
2 Total Operating Revenues
3 Net Income
<PAGE>
EXHIBIT C
An organizational chart showing the relationship of each EWG or foreign utility
company to associate companies in the holding company system.
ORGANIZATIONAL CHART
DOMINION RESOURCES, INC.
________________________
|
|
(100%)
|
|
DOMINION ENERGY, INC.
_____________________
|
|
|
_________________________________|_________________________________
| | | |
100% 100% 99.916% 99.916%
| | | |
DOMINION DOMINION ENERGY DOMINION GENERATING S.A. DOMINION
ENERGY CENTRAL AMERICA, INC. | | MANAGEMENT
SERVICES | 65% 60% ARGENTINA S.A.
COMPANY, INC. 95% | |
| PATAGONIA A.V.
BELIZE ELECTRIC HOLDING S.A. HOLDING S.A.
COMPANY LIMITED | |
59% 90%
HIDROELECTRICA CENTRAL TERMICA
CERROS ALTO VALLE S.A.
COLORADOS S.A.
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1,000,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 13,562
<TOTAL-OPERATING-REVENUES> 3,453
<NET-INCOME> 478
</TABLE>
