SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
File No. 69-278
FISCAL YEAR ENDED DECEMBER 31, 1995
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
DOMINION RESOURCES, INC.
(Name of Company)
hereby files with the Securities and 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.
State of Location and
Name Organization Nature of Business
Dominion Resources, Inc. Virginia Richmond, Virginia - Holding
Company
Subsidiaries of Dominion Resources, Inc.
Virginia Electric and Power Company Virginia Virginia and North Carolina-
Electric utility
Dominion Capital, Inc. (1) Virginia Richmond, Virginia -
Financial services, land
development
Dominion Energy, Inc. (1) Virginia Richmond, Virginia -
Nonutility power production
and gas and oil development
Subsidiaries of Virginia Electric and Power Company
Virginia Power Fuel Corporation Virginia Richmond, Virginia - Nuclear
fuel procurement
Virginia Power SPC-I, Inc. Virginia Richmond, Virginia - Special
purpose corporation
A&C Enercom, Inc. Virginia Richmond, Virginia - Sales
of energy services
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 Securities, Inc. Virginia Richmond, Virginia -
Investment company
Louisiana Hydroelectric Virginia Richmond, Virginia -
Capital Corporation Investment company
Vidalia Audit, Inc. Virginia Richmond, Virginia - Audit
company for hydroelectric
project<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiaries of Dominion Capital, Inc. (continued)
America's Utility Fund Service Virginia Richmond, Virginia - Mutual
Company Fund administrator
Project America, Inc. Virginia Richmond, Virginia - Mutual
Fund broker-dealer
Rosemont/DCI Properties, Inc. Virginia Richmond, Virginia - Real
estate investment
Shoulders Hill/DCI Properties, Inc. Virginia Richmond, Virginia - Real
estate investment
Edgen, Inc. Delaware Richmond, Virginia - Real
estate holding company
Stanton Associates, Inc. Virginia Norfolk, Virginia - Real
estate holding company
Williams Court/DCI Properties, Inc. Virginia Richmond, Virginia - Real
estate investments
Dominion Lands, Inc. Virginia Richmond, Virginia - Land
development
Virginia Financial Ventures, Inc. Virginia Richmond, Virginia -
Commercial finance
Dominion Land Management Company Virginia Richmond, Virginia - Real
estate development
Trilon Dominion Partners, L.L.C. Delaware New York, New York - Venture
capital investments
Dominion Venture Investments, Inc. Virginia Richmond, Virginia - Middle
market commercial lending
Catalyst Old River Hydroelectric Louisiana Vidalia, Louisiana -
Limited Partnership Electric power production
Credit Depot Corporation Delaware Atlanta, Georgia -
Residential financial
services
Electronic Lighting, Inc. Delaware Menlo Park, California -
Lighting control systems
Subsidiaries of Dominion Land Management Company
Bridgeway Management Company Virginia Suffolk, Virginia - Real
estate management
Governor's Land Management Virginia James City County, Virginia
Company, Inc. - Operation and maintenance
services for land and club
development projects
Old North State Management Company Virginia New London, North Carolina -
Real estate management
Stonehouse Management Company Virginia Williamsburg, Virginia -
Real estate management
Waterford Management Company Virginia Houston, Texas - Real estate
management
Subsidiaries of Trilon Dominion Partners, L.L.C.
IMProCOM, Inc. Nevada Ormond Beach, Florida -
Digital imaging software
Advanced Materials Group, Inc. Nevada Carson, California -
Packaging and container
products
Caldera Environmental Corp. Canada Rosemont, Illinois - Water
treatment systems
Wilshire Technologies, Inc. California Carlsbad, California -
Medical supplies
Accessware, Inc. Delaware Houston, Texas - Modular
software
<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiaries of Trilon Dominion Partners, L.L.C. (continued)
EPL Technologies, Inc. Colorado West Conshohocken,
Pennsylvania - Food
processing technologies
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, Inc. Virginia Norfolk, Virginia - Real
estate company
Denbigh Shopping Center Associates Virginia Norfolk, Virginia - Real
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
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, Inc. Virginia Norfolk, Virginia - Real
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, Inc. Virginia Norfolk, Virginia - Real
estate investment
State of Location and
Name Organization Nature of Business
Subsidiaries of Goodman Segar Hogan, Inc. (continued)
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 -
Insurance services
Goodman Segar Hogan Parking Virginia Norfolk, Virginia - Parking
Management, Inc. lot Management
Shoulders Hill Investors, L.P. Virginia Norfolk, Virginia - Dormant
partnership
Goodman Segar Hogan of
Southern Shopping Center Virginia Norfolk, Virginia - Real
estate investment
Subsidiaries of Goodman Segar Hogan of Orlando, Inc.
Curry Ford Florida Orlando, Florida - Real
estate investment
University Square Florida Orlando, Florida - Real
estate investment
Subsidiary of Azalea Richmond Self-Storage, Inc.
Azalea Richmond Self-Storage Virginia Norfolk, Virginia - Real
estate investment
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 Associates Virginia Norfolk, Virginia -
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
State of Location and
Name Organization Nature of Business
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 L.P. Virginia Norfolk, Virginia - Real
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
Subsidiary of Goodman Segar Hogan Hoffler Construction, Inc. 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
Subsidiaries of H-W Properties, Inc.
Waterford Harbor Realty, Inc. Texas Houston, Texas - Real estate
management
Crystal Park Investors, Inc. Texas Houston, Texas - Real estate
investment
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
Dominion Lands-Williamsburg, Inc. Virginia James City County, Virginia
- Land Development
Harborside Condominium Unit Virginia Alexandria, Virginia -
Owners Association Condominium Owners
Association
Chesterfield Land, Inc. Virginia Chesterfield County,
Virginia - Land development
Old North, Inc. Virginia New London, North Carolina -
Real estate development
Subsidiary of Dominion Lands, Inc. and Chesterfield Land, Inc.
Chesterfield Land Associates Virginia Chesterfield County,
Virginia - Land development
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
State of Location and
Name Organization Nature of Business
Subsidiary 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
Subsidiary of Dominion Lands, Inc. and Old North, Inc.
Lake Badin Associates Virginia Montgomery County, North
Carolina - Land Development
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 DC, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
Washington, DC
Dominion Cogen NY, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration and
small power production in
state of New York
Dominion Cogen WV, Inc. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
state of West Virginia
Dominion Energy Services Virginia Richmond, Virginia -
Company, Inc. (operates in Operation and maintenance
West Virginia as DE Services services for nonutility
Company, Inc.) power projects
Dominion Demand Side Virginia Headquarters in Richmond,
Services, Inc. Virginia - Energy
Conservation
Dominion Generating S.A. Argentina Buenos Aires, Argentina -
Electric power production in
Argentina
Dominion Black Warrior Basin, Inc. Alabama Tuscaloosa, Alabama -
Methane gas production
DEI U.K., Inc. Virginia Richmond, Virginia - Equity
holding
DEI Texas, Inc. Virginia Richmond, Virginia - Shell
company
Dominion Energy U.K., Inc. Virginia Richmond, Virginia - Equity
holding
Dominion Management Argentina S.A. Argentina Buenos Aires, Argentina -
Operation and maintenance
services for electric power
production
Dominion Reserves, Inc. Virginia Richmond, Virginia - Gas and
oil development
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
State of Location and
Name Organization Nature of Business
Subsidiaries of Dominion Energy, Inc. (continued)
Dominion U.K. Limited United Kingdom United Kingdom - Equity
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 Company, Ltd. Maine Rumford, Maine-Cogeneration
Luz Solar Partners Ltd., VII L.P. California Los Angeles, California -
Solar electric generation
Subsidiary of Dominion Energy Central America, Inc.
Belize Electric Company, Ltd Belize Belize - Hydro electric
generation
Subsidiary of Dominion Energy, Inc. And Dominion Reserves, Inc.
Dominion Energy Pty Ltd Australia Queensland, Australia -
Equity holding
Subsidiary of Dominion U.K. Limited
Dominion First Hydro Limited U.K. United United Kingdom - Equity
Kingdom holding
Subsidiaries of Dominion Energy Pty Ltd
Beaconsfield Energy Development Australia Queensland, Australia -
Pty Ltd Oil and gas development
Dry Creek Transmission Pty Ltd Australia Queensland, Australia -
Equity holding
Subsidiary of Dry Creek Transmission Pty Ltd
South Australian Pipeline Company Australia Australia - Shell company
Pty Ltd
Subsidiary of Dominion Cogen, Inc.
Enron/Dominion Cogen Corp. Delaware Houston, Texas -Cogeneration
Subsidiaries of Enron/Dominion Cogen Corp.
Enron Cogeneration One Company Delaware Houston, Texas-Cogeneration
Enron Cogeneration Three Company Delaware Houston, Texas-Cogeneration
Enron Cogeneration Five Company 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 L.P. Texas Bayport, Texas -Cogeneration
Plant
Subsidiary of Enron Cogeneration Five Company
Cogen Technologies NJ Venture New Jersey Bayonne, NJ - Cogeneration
plant
Subsidiaries of Dominion Energy, Inc. and Dominion Cogen CA, Inc.
Chalk Cliff Limited Texas Headquarters in Houston,
Texas - Cogeneration in
state of California
State of Location and
Name Organization Nature of Business
Subsidiaries of Dominion Energy, Inc. and Dominion Cogen CA, Inc. (continued)
San Joaquin Cogen Limited Texas Headquarters in Houston,
Texas - Cogeneration in
state of California
Subsidiaries of Dominion Energy, Inc. and Dominion Cogen NY, Inc.
Warrensburg Hydro Power L. P. New York Glens Falls, New York -
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
Subsidiary of Dominion Cogen DC, Inc.
Georgetown Cogeneration, L.P. Virginia Headquarters in Richmond,
Virginia - Cogeneration in
Washington, D.C.
Subsidiary of Dominion Cogen WV, Inc.
Morgantown Energy Associates West Virginia Morgantown, WV -
Cogeneration
Subsidiaries of Dominion Reserves, Inc.
Chesterfield Energy Corporation Delaware Clarksburg, West Virginia -
Oil and gas development
Dominion Appalachian Development, Virginia Clarksburg, West Virginia -
Inc. Oil and gas development
Dominion Appalachian Development Virginia Clarksburg, West Virginia -
Properties, L.L.C. Oil and gas development
Dominion Gas Processing MI, Inc. Virginia Headquarters in Richmond,
Virginia - Natural gas
processing in Michigan
Dominion Reserves - Indiana, Inc. Virginia Indiana - Oil and gas
development
Dominion Southern Michigan, Inc. Delaware Headquarters in Richmond,
Virginia - Oil and gas
development in Michigan
Gas Exploration and Development West Clarksburg, West Virginia -
Company Virginia Oil and gas development
Stonewall Gas Company Virginia Clarksburg, West Virginia -
Oil and gas development
Subsidiary of Dominion Gas Processing MI, Inc.
Frederic HOF L.P. Virginia Gaylord, Michigan - Natural
gas processing
Wilderness Energy, L.C. Michigan Gaylord, Michigan - Oil and
gas gathering and processing
Subsidiary of Wilderness Energy, L.C. and Dominion Gas Processing MI, Inc.
Wilderness Energy Services L.P. Michigan Gaylord, Michigan - Oil and
gas gathering and processing
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
<PAGE>
State of Location and
Name Organization Nature of Business
Subsidiary of A. V. Holding S.A.
Central Termica Alto Valle, S.A. Argentina Buenos Aires, Argentina -
Electric power production
Subsidiary of Patagonia Holding, S.A.
Hidroelectrica Cerros Colorados S.A. Argentina Buenos Aires, Argentina -
Electric power production
Subsidiary of Dominion Energy, Inc., Dominion Reserves, Inc.,
and Dominion Cogen, Inc.
Inversiones Dominion Bolivia S.A. Bolivia Bolivia - Equity holding
Subsidiary of Inversiones Dominion Bolivia S.A.
Empresa Electrica Corani S.A. Bolivia Cochabama, Bolivia -
Electric power production
____________________________
(1) For the calendar year 1995, the revenues and income and net income of
Dominion Capital, Inc. (Dominion Capital), Dominion Energy, Inc. (Dominion
Energy) 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
Dominion Capital 2.4 4.1
Dominion Energy 3.9 8.2
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, 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.
Dominion Capital 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. Dominion Energy 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. Dominion Energy
has also purchased interests in a gas-fired, and hydroelectric generating
facilities in Argentina, Belize and Bolivia and operates these facilities, all
through Exempt Wholesale Generators. Dominion Reserves, Inc., a subsidiary of
Dominion Energy is a participant in 93 oil and natural gas development
programs in Arkansas, Colorado, the Gulf of Mexico, Kansas, Louisiana,
Michigan, Montana, Nevada, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas,
Utah, Virginia, West Virginia and Wyoming.
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, 1994 which is on file with the SEC and incorporated herein
by this reference.
3. The following information for the last calendar year (1995) with respect
to claimant and each of its subsidiary public utility companies is provided
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
Electric
(a) Number of kwh of electric energy sold. 68,952,528,000
(b) Number of kwh of electric energy distributed 3,004,008,000
at retail outside the State of Virginia.
(c) Number of kwh of electric energy sold at 883,047,399
wholesale outside the State of Virginia,
or at the State line.
(d) Number of kwh of electric energy purchased 8,854,227,000
outside the State of Virginia or at the State
line.
Gas
(a) Number of Mcf of natural or manufactured gas -0-
distributed at retail
(b) Number of Mcf of natural or manufactured gas -0-
distributed at retail outside the State of Virginia
(c) Number of Mcf or natural or manufactured gas 1,142,096
sold at wholesale outside the State of Virginia
or at the State line
(d) Number of Mcf of natural or manufactured gas 13,253,950
purchased 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
western Belize, C.A. on the Macal River. The project,
consists of a diversion dam, a 2.5 mile power tunnel,
and a powerhouse which contains three 8400 KW turbine
generators. The diversion dam impounds 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.
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.
<PAGE>
4. Name: Empresa Electrica Corani S.A.
Location: The facilioty is located 50 miles northeast of the city
of Cochabamba, Bolivia.
Business Address: Empresa Electrica Corani S.A.
Av. Oquendo N-0654
Las Torres Sofer I, Piso 9
Cochabamba, Bolivia
Description: These hydroelectric generating facilities have a
nominal power production capacity of 126 Mw. The
facilities consist of a 72 Mw hydroelectric generating
station consisting of four 18 Mw turbogenerators and
related structures and a 54 Mw hydroelectric
generating station consisting of four 13.5 Mw
turbogenerators and related structures. The
facilities also include a mixed earthen and rock-filled
dam creating the Corani Reservoir from the
waters of the Corani, Malaga and Candilaria Rivers.
The facilities are interconnected with the Systema
Interconectado National, the Bolivian wholesale
transmission grid.
(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.
100% ownership interest in
Inversiones Dominion Bolivia S.A.
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.
Name Description of Interest Held
Inversiones Dominion
Bolivia S.A. 50% ownership interest in Empresa
Electrica Corani S.A. EWG# E95-59-000
(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, 1995
US$
DOMINION RESOURCES
INVESTMENT INVESTMENT
TYPE AMOUNTDIRECT/INDIRECT
Belize Projects:
Stock $15,760,108 Indirect
Debt 6,656,470 Indirect
__________
$22,416,578
==========
Argentine Projects:
Stock $75,155,198 Indirect
Debt 24,365,740 Indirect
Letter-of-Credit 6,000,000 Indirect
___________
$105,520,938
===========
Bolivian Projects:
Stock $59,173,395 Indirect
==========
Australian Projects:
Stock $3,122,482 Indirect
=========
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
Debt 24,365,740
__________
$41,379,040
==========
Hidroelectrica Cerros Colorados S.A.:
Stock $47,256,960
==========
Dominion Management Argentina S.A.:
Stock $1,630,878
=========
Belize Electric Company Limited:
Stock $12,730,000
Debt Due DEI 6,656,470
__________
$19,386,470
==========
Empresa Electrica Corani S.A.:
Stock $45,913,318
==========
Beaconsfield Energy Development Pty Ltd:
Stock $3,122,482
=========
<PAGE>
Earnings:
Central Termica Alto Valle S.A. $(1,056,897)
Hidroelectrica Cerros Colorados S.A. 2,171,659
Dominion Management Argentina S.A. (550,900)
Belize Electric Company Limited 43,363
Empresa Electrica Corani S.A. 2,897,190
_________
$3,504,415
=========
(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 (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. 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 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.
5. Inversiones Dominion Bolivia S.A. (IDB), a wholly owned subsidiary of
Dominion Energy and Empresa Electrica Corani S.A. have entered into an
agreement, effective August 1, 1995, pursuant to which IDB provides management
services to Empresa Electrica Corani S.A. for a monthly fee of $27,000, plus
value added taxes, as adjusted from time to time based upon the agreement of
the parties.<PAGE>
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year (1995), 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 28th day of February 1996.
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 23261-6532
<PAGE>
<TABLE>
Exhibit A page 1 of 21
DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (thousands)
<CAPTION>
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY
ASSETS RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C>
Current
Cash $4,945 $8,154 $8,035 $18,777 $39,911
Temporary investments 15,785 11,000 26,785
Short-term market. securitie 0 10,778 10,778
Customer accts. receivable, net 362,645 362,645
Other accounts receivable 1,761 7,414 37,687 58,321 (967) 104,216
Accrued unbilled revenues 179,502 179,502
Accrued taxes 6,745 906 9,523 17,174
Materials & supplies:
Plant and general 160,238 160,238
Fossil fuel 71,185 71,185
Other 17,167 14,093 29,636 75,135 (11,811) 124,220
-----------------------------------------------------------------------
46,403 41,345 84,881 936,803 (12,778) 1,096,654
-----------------------------------------------------------------------
Investments
Invest. in affiliates & part 4,718,031 224,069 212,113 (4,718,031) 436,182
Inter-company advances 180,045 (180,045) 0
Marketable securities 6,495 279,044 285,539
Nuclear decomm. trust funds 351,395 351,395
Pollution control project funds 11,864 11,864
Investment in real estate 132,960 132,960
Other 4,120 129,788 84,452 21,035 (14,616) 224,779
-----------------------------------------------------------------------
4,908,691 765,861 296,565 384,294 (4,912,692) 1,442,719
-----------------------------------------------------------------------
Property, Plant and Equipment
Utility plant & nuclear fuel 15,037,654 15,037,654
Nonutility property 46,981 23,984 859,489 9,360 939,814
Less accumulated depreciation
and amortization 12,779 3,228 173,342 5,464,522 1,272 5,655,143
-----------------------------------------------------------------------
34,202 20,756 686,147 9,573,132 8,088 10,322,325
-----------------------------------------------------------------------
Deferred Charges & Other Assets
Regulatory Assets:
Income taxes recoverable 484,471 484,471
Deferred capacity expenses 0
Terminated contruction project
costs, net 101,833 101,833
Other regulatory assets 230,005 230,005
Other 1,740 54,836 75,494 117,157 (23,897) 225,330
-----------------------------------------------------------------------
1,740 54,836 75,494 933,466 (23,897) 1,041,639
-----------------------------------------------------------------------
TOTAL ASSETS $4,991,036 $882,798 $1,143,087 $11,827,695 ($4,941,279) $13,903,337
======================================================================
/TABLE
<PAGE>
<TABLE>
Exhibit A page 2 of 21
DOMINION RESOURCES, INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (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 $959 $52,388 $107,920 $259,580 $0 420,847
Short-term debt 0 950 77,510 169,000 (10,820) 236,640
Accounts payable, trade 8,075 4,066 14,865 310,700 (967) 336,739
Accrued interest 442 2,275 7,050 101,828 (1,121) 110,474
Accrued taxes 24,321 24,321
Customer deposits 55,358 55,358
Accrued payroll 120,200 120,200
Other 12,643 3,225 4,149 74,763 (5,175) 89,605
----------------------------------------------------------------------
22,119 62,904 211,494 1,115,750 (18,083) 1,394,184
Long-Term Debt
Inter-company borrowings 92,294 87,751 (180,045) 0
Utility 3,889,426 3,889,426
Nonrecourse-nonregulated 20,799 378,187 124,488 523,474
Other 199,045 199,045
----------------------------------------------------------------------
219,844 470,481 212,239 3,889,426 (180,045) 4,611,945
Deferred Credits and
Other Liabilities
Deferred income taxes 3,899 41,499 117,646 1,498,766 (674) 1,661,136
Investment tax credits 272,245 272,245
Capital lease, noncurrent 23,601 (22,737) 864
Deferred fuel expenses 57,702 57,702
Other (379) 33,081 187,164 119,428 0 339,294
----------------------------------------------------------------------
3,520 74,580 304,810 1,971,742 (23,411) 2,331,241
----------------------------------------------------------------------
Preferred Stock Subject
To Mandatory Redemption 180,000 180,000
----------------------------------------------------------------------
Preferred Stock Not Subject
To Mandatory Redemption 509,014 509,014
----------------------------------------------------------------------
Preferred Securities of Sub. Trust 135,000 135,000
----------------------------------------------------------------------
Stockholders' Equity
Common stock 3,303,497 8 208 2,737,407 (2,737,623) 3,303,497
Other paid-in capital 17,642 229,418 350,080 16,886 (596,384) 17,642
Allowance on marketable
securities (6,755) (6,531) 6,531 (6,755)
Retained earnings 1,431,169 51,938 64,256 1,272,470 (1,392,264) 1,427,569
----------------------------------------------------------------------
4,745,553 274,833 414,544 4,026,763 (4,719,740) 4,741,953
----------------------------------------------------------------------
TOTAL LIABILITIES AND $4,991,036 $882,798 $1,143,087 $11,827,695($4,941,279) $13,903,337
STOCKHOLDERS' EQUITY =====================================================================
</TABLE>
<TABLE>
Exhibit A page 3 of 21
DOMINION RESOURCES, INC.
CONSOLIDATING STATEMENT OF INCOME
YEAR-TO-DATE ENDED DECEMBER 31, 1995
<CAPTION>
DOMINION DOMINION DOMINION VIRGINIA INTERCOMPANY
RESOURCES CAPITAL ENERGY POWER ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Electric $4,350,416,173 $4,350,416,173
Nonutility $19,247,777 $111,849,636 $182,318,338 (12,129,775) 301,285,976
--------------------------------------------------------------------------------
Total operating revenues and
income 19,247,777 111,849,636 182,318,338 4,350,416,173 (12,129,775) 4,651,702,149
OPERATING EXPENSES
Fuel used in current generation 593,498,799 593,498,799
Purchased power fuel expenses 407,133,890 407,133,890
Purchased power capacity expenses 677,403,313 677,403,313
Deferred fuel expenses 6,241,289 6,241,289
Deferred capacity expenses 10,997,075 10,997,075
Restructuring 3,580,232 117,884,548 121,464,780
Other operation 24,844,153 58,026,182 95,093,491 546,133,541 724,097,367
Maintenance 260,487,093 260,487,093
Deprec., depletion & amort. 1,949,811 2,977,404 42,567,379 503,507,816 551,002,410
Other taxes 760,223 1,350,097 13,427,950 258,258,262 273,796,532
--------------------------------------------------------------------------------
Total operating expenses 31,134,419 62,353,683 151,088,820 3,381,545,626 0 3,626,122,548
Operating income (11,886,642) 49,495,953 31,229,518 968,870,547 (12,129,775) 1,025,579,601
OTHER INCOME
Utility 609,680 609,680
Allowance for other funds 6,726,104 6,726,104
--------------------------------------------------------------------------------
Total other income 0 0 0 7,335,784 0 7,335,784
--------------------------------------------------------------------------------
Income before fixed charges and
federal income taxes (11,886,642) 49,495,953 31,229,518 976,206,331 (12,129,775) 1,032,915,385
--------------------------------------------------------------------------------
FIXED CHARGES
Interest charges, net 15,297,451 36,524,818 24,176,043 317,958,670 (12,259,775) 381,697,207
Preferred dividends of Va. Power 44,124,159 44,124,159
--------------------------------------------------------------------------------
Total fixed charges 15,297,451 36,524,818 24,176,043 362,082,829 (12,259,775) 425,821,366
--------------------------------------------------------------------------------
Income before provision for federal
income taxes (27,184,093) 12,971,135 7,053,475 614,123,502 130,000 607,094,019
Provision for federal income
tax (10,778,592) (4,591,725) (27,989,347) 225,404,081 45,500 182,089,917
--------------------------------------------------------------------------------
Net income ($16,405,501) $17,562,860 $35,042,822 $388,719,421 $84,500 $425,004,102
================================================================================
Earnings per share ($0.094) $0.101 $0.202 $2.236 $2.445
</TABLE>
<TABLE>
Exhibit A page 4 of 21
DOMINION ENERGY, INC.
DOMESTIC COGEN SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
DOMESTIC
DOMINION DOMINION DOMINION DOMINION DEI COGEN
COGEN DESCO DDSS COGEN CA COGEN NY COGEN WV TEXAS COMBINED
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Current Assets
Cash & cash equivalents $0 $17 $0 $1 $1 $0 $0 $19
Accounts receivable 0 4,271 0 0 0 0 1 4,272
Interest receivable 0 152 0 1 2 57 0 212
Notes receivable 0 0 0 0 0 0 0 0
Other 0 82 0 0 0 0 0 82
0 4,522 0 2 3 57 1 4,585
Investments
Investment in subsidiaries 91,576 0 0 0 0 0 0 91,576
Investment in partnerships 0 0 0 1,622 (76) 12,366 0 13,912
Intercompany advances 0 0 0 155 334 11,365 0 11,854
Marketable Securities 0 0 0 0 0 0 0 0
Other 5,209 0 0 0 0 0 0 5,209
96,785 0 0 1,777 258 23,731 0 122,551
Properties, Plant and Equipme 0 0 0 0 0 0 0 0
Less: accumulated dep & amort 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
Deferred Charges and Other Assets
Other 13,647 0 0 0 0 0 0 13,647
13,647 0 0 0 0 0 0 13,647
Total Assets $110,432 $4,522 $0 $1,779 $261 $23,788 $1 $140,783
/TABLE
<PAGE>
<TABLE>
Exhibit A page 5 of 21
DOMINION ENERGY, INC.
DOMESTIC COGEN SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
DOMESTIC
DOMINION DOMINION DOMINION DOMINION DEI COGEN
COGEN DESCO DDSS COGEN CA COGEN NY COGEN WV TEXAS COMBINED
<S> <C> <C> <C> <C> <C> <C> <C> <C>
LIABILITIES
Current liabilities
Accounts payable $0 $86 $0 $0 $0 $0 $0 $86
Dividends payable 0 0 0 0 0 0 0 0
Short-term debt 0 0 0 0 0 0 0 0
Interest accrued 1,639 11 0 0 0 0 0 1,650
Taxes accrued 5,782 175 (137) (137) (44) (527) 0 5,112
Other 0 371 0 0 0 1 0 372
7,421 643 (137) (137) (44) (526) 0 7,220
Long-term Debt
Intercompany borrowings (20,164) 2,216 0 0 0 0 0 (17,948)
Other 68,645 0 0 0 0 0 0 68,645
48,481 2,216 0 0 0 0 0 50,697
Deferred Credits & Other Liab.
Deferred income taxes (3,985) (123) 0 1,225 341 7,392 0 4,850
Minority interest 0 0 0 0 0 0 0 0
Other 14,750 434 0 0 0 0 0 15,184
10,765 311 0 1,225 341 7,392 0 20,034
Total Liabilities 66,667 3,170 (137) 1,088 297 6,866 0 77,951
COMMON STOCKHOLDER'S EQUITY
Common stock 35,000 1 10 1 1 1 1 35,015
Other paid-in capital 1,723 0 1,100 0 46 21,997 0 24,866
Valuation allowance 0 0 0 0 0 0 0 0
Retained earnings 7,041 1,352 (973) 690 (84) (5,075) 0 2,951
Total Common Stockholder's
Equity 43,764 1,353 137 691 (37) 16,923 1 62,832
Total Liab. & Stockholder's
Equity $110,431 $4,523 $0 $1,779 $260 $23,789 $1 $140,783
/TABLE
<PAGE>
<TABLE>
Exhibit A page 6 of 21
DOMINION ENERGY, INC.
FOREIGN COGEN SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
DOMINION
DOMINION ENERGY INVERSIONES FOREIGN
DOMINION MANAGEMENT COMBINED CENTRAL DOMINION COGEN
GENERATING ARGENTINA ARGENTINA AMERICA BOLIVIA COMBINED
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Current Assets
Cash & cash equivalents $469 $55 $524 $452 $5,577 $6,553
Accounts receivable 11,744 433 12,177 2,889 4,009 19,075
Interest receivable 0 0 0 0 0 0
Notes receivable 0 0 0 0 0 0
Other 4,985 109 5,094 475 1,434 7,003
17,198 597 17,795 3,816 11,020 32,631
Investments
Investment in subsidiaries 0 0 0 0 0 0
Investment in partnerships 0 0 0 0 0 0
Intercompany advances 0 0 0 0 0 0
Marketable Securities 0 0 0 0 0 0
Other 0 0 0 500 60,179 60,679
0 0 0 500 60,179 60,679
Properties, Plant and Equipment 262,123 806 262,929 36,836 162,931 462,696
Less: accumulated dep & amort 21,584 49 21,633 168 70,056 91,857
240,539 757 241,296 36,668 92,875 370,839
Deferred Charges and Other Assets
Other 24,777 69 24,846 19,084 12,569 56,499
24,777 69 24,846 19,084 12,569 56,499
Total Assets $282,514 $1,423 $283,937 $60,068 $176,643 $520,648
/TABLE
<PAGE>
<TABLE>
Exhibit A page 7 of 21
DOMINION ENERGY, INC.
FOREIGN COGEN SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
DOMINION
DOMINION ENERGY INVERSIONES FOREIGN
DOMINION MANAGEMENT COMBINED CENTRAL DOMINION COGEN
GENERATING ARGENTINA ARGENTINA AMERICA BOLIVIA COMBINED
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES
Current liabilities
Accounts payable $8,460 $955 $9,415 $506 $2,392 $12,313
Dividends payable 0 0 0 0 0 0
Short-term debt 66,252 0 66,252 6,656 0 72,908
Interest accrued 1,192 0 1,192 1,316 187 2,695
Taxes accrued (4,838) (191) (5,029) 0 2,025 (3,004)
Other 1,468 62 1,530 0 100 1,630
72,534 826 73,360 8,478 4,704 86,542
Long-term Debt
Intercompany borrowings 24,363 0 24,363 0 0 24,363
Other 0 0 0 35,000 59,763 94,763
24,363 0 24,363 35,000 59,763 119,126
Deferred Credits & Other Liab.
Deferred income taxes 1,027 (147) 880 0 0 880
Minority interest 105,172 0 105,172 673 49,619 155,464
Other 0 0 0 0 613 613
106,199 (147) 106,052 673 50,232 156,957
Total Liabilities 203,096 679 203,775 44,151 114,699 362,625
COMMON STOCKHOLDER'S EQUITY
Common stock 12 12 24 5 58,796 58,825
Other paid-in capital 73,512 1,619 75,131 15,755 377 91,263
Valuation allowance 0 0 0 0 0 0
Retained earnings 5,891 (887) 5,004 157 2,773 7,934
Total Common Stockholder's
Equity 79,415 744 80,159 15,917 61,946 158,022
Total Liab. & Stockholder's
Equity $282,511 $1,423 $283,934 $60,068 $176,645 $520,647
/TABLE
<PAGE>
<TABLE>
Exhibit A page 8 of 21
DOMINION ENERGY, INC.
OIL AND GAS SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
BLACK DOMINION DOMINION DOMESTIC DOMINION OIL AND
DOMINION WARRIOR RESERVES RESERVES OIL AND GAS ENERGY GAS
RESERVES BASIN - UTAH - INDIANA COMBINED PTY LTD COMBINED
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Current Assets
Cash & cash equivalents $85 $1,778 ($1) ($432) $1,430 $0 $1,430
Accounts receivable 14,152 3 458 0 14,613 0 14,613
Interest receivable 117 16 0 0 133 0 133
Notes receivable 4,000 0 0 0 4,000 0 4,000
Other 10,899 1,756 126 2,958 15,739 1,182 16,921
29,253 3,553 583 2,526 35,915 1,182 37,097
Investments
Investment in subsidiaries 0 0 0 0 0 0 0
Investment in partnerships 2,109 0 0 0 2,109 0 2,109
Intercompany advances 0 7,870 0 0 7,870 0 7,870
Marketable Securities 0 0 0 0 0 0 0
Other 6,013 0 0 0 6,013 0 6,013
8,122 7,870 0 0 15,992 0 15,992
Properties, Plant and
Equipment 364,568 5,736 19,319 5,195 394,818 897 395,715
Less: accumulated dep &
amort. 76,655 1,369 2,997 0 81,021 0 81,021
287,913 4,367 16,322 5,195 313,797 897 314,694
Deferred Charges and Other Assets
Other 4,232 0 65 80 4,377 869 5,246
4,232 0 65 80 4,377 869 5,246
Total Assets $329,520 $15,790 $16,970 $7,801 $370,081 $2,948 $373,029
/TABLE
<PAGE>
<TABLE>
Exhibit A page 9 of 21
DOMINION ENERGY, INC.
OIL AND GAS SUBSIDIARIES
COMBINED BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
BLACK DOMINION DOMINION DOMESTIC DOMINION OIL AND
DOMINION WARRIOR RESERVES RESERVES OIL AND GAS ENERGY GAS
RESERVES BASIN - UTAH - INDIANA COMBINED PTY LTD COMBINED
<S> <C> <C> <C> <C> <C> <C> <C>
LIABILITIES
Current liabilities
Accounts payable $2,951 $1,776 $0 $0 $4,727 $0 $4,727
Dividends payable 0 0 0 0 0 0 0
Short-term debt 0 438 0 0 438 0 438
Interest accrued 2,437 0 59 38 2,534 0 2,534
Taxes accrued (3,012) (739) (508) (468) (4,727) 0 (4,727)
Other 119 0 0 0 119 0 119
2,495 1,475 (449) (430) 3,091 0 3,091
Long-term Debt
Intercompany borrowings 205,740 0 11,054 7,113 223,907 0 223,907
Other 0 0 0 0 0 0 0
205,740 0 11,054 7,113 223,907 0 223,907
Deferred Credits & Other Liab.
Deferred income taxes 51,305 (4,310) 2,542 468 50,005 0 50,005
Minority interest 1,644 0 0 0 1,644 0 1,644
Other 2,569 0 0 0 2,569 0 2,569
55,518 (4,310) 2,542 468 54,218 0 54,218
Total Liabilities 263,753 (2,835) 13,147 7,151 281,216 0 281,216
COMMON STOCKHOLDER'S EQUITY
Common stock 0 0 0 0 0 0 0
Other paid-in capital 21,781 0 3,500 649 25,930 3,122 29,052
Valuation allowance 0 0 0 0 0 0 0
Retained earnings 43,987 18,624 322 0 62,933 (174) 62,759
Total Common Stockholder's
Equity 65,768 18,624 3,822 649 88,863 2,948 91,811
Total Liab. & Stockholder's
Equity $329,521 $15,789 $16,969 $7,800 $370,079 $2,948 $373,027
/TABLE
<PAGE>
<TABLE>
Exhibit A page 10 of 21
DOMINION ENERGY, INC.
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL ELIMINATIONS DOMINION
ENERGY COGEN COGEN AND GAS DEBIT CREDIT ENERGY
<S> <C> <C> <C> <C> <C> <C> <C>
ASSETS
Current Assets
Cash & cash equivalents $33 $19 $6,553 $1,430 $8,035
Accounts receivable 3,103 4,272 19,075 14,613 3,376 37,687
Interest receivable 1,607 212 0 133 1,421 531
Notes receivable 6,856 0 0 4,000 6,656 4,200
Other 899 82 7,003 16,921 24,905
12,498 4,585 32,631 37,097 0 11,453 75,358
Investments
Investment in subsidiaries 312,667 91,576 0 0 312,665 91,578
Investment in partnerships 104,515 13,912 0 2,109 120,536
Intercompany advances 205,959 11,854 0 7,870 225,683 0
Marketable Securities 0 0 0 0 0
Other 25,707 5,209 60,679 6,013 13,156 84,452
648,848 122,551 60,679 15,992 0 551,504 296,566
Properties, Plant and Equipment 1,078 0 462,696 395,715 859,489
Less: accumulated dep & amort 464 0 91,857 81,021 173,342
614 0 370,839 314,694 0 0 686,147
Deferred Charges and Other Assets
Other 102 13,647 56,499 5,246 75,494
102 13,647 56,499 5,246 0 0 75,494
Total Assets $662,062 $140,783 $520,648 $373,029 $0 $562,957 $1,133,565
/TABLE
<PAGE>
<TABLE>
Exhibit A page 11 of 21
DOMINION ENERGY, INC.
CONSOLIDATING BALANCE SHEET
AT DECEMBER 31, 1995
<CAPTION>
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL ELIMINATIONS DOMINION
ENERGY COGEN COGEN AND GAS DEBIT CREDIT ENERGY
<S> <C> <C> <C> <C> <C> <C> <C>
LIABILITIES
Current liabilities
Accounts payable $1,115 $86 $12,313 $4,727 $3,376 $14,865
Dividends payable 0 0 0 0 0
Short-term debt 10,820 0 72,908 438 6,656 77,510
Interest accrued 3,377 1,650 2,695 2,534 3,206 7,050
Taxes accrued (6,904) 5,112 (3,004) (4,727) (9,523)
Other 2,028 372 1,630 119 4,149
10,436 7,220 86,542 3,091 13,238 0 94,051
Long-term Debt
Intercompany borrowings 107,475 (17,948) 24,363 223,907 250,046 87,751
Other 69,000 68,645 94,763 0 232,408
176,475 50,697 119,126 223,907 250,046 0 320,159
Deferred Credits & Other Liab.
Deferred income taxes 61,316 4,850 880 50,005 595 117,646
Minority interest 0 0 155,464 1,644 11,292 168,400
Other 396 15,184 614 2,570 18,764
61,712 20,034 156,958 54,219 0 11,887 304,810
Total Liabilities 248,623 77,951 362,626 281,217 263,284 11,887 719,020
COMMON STOCKHOLDER'S EQUITY
Common stock 208 35,015 58,825 0 93,840 208
Other paid-in capital 350,080 24,866 91,263 29,052 145,181 350,080
Valuation allowance 0 0 0 0 0 0
Retained earnings 63,151 2,951 7,934 62,759 73,644 1,105 64,256
Total Common Stockholder's
Equity 413,439 62,832 158,022 91,811 312,665 1,105 414,544
Total Liab. & Stockholder's
Equity $662,062 $140,783 $520,648 $373,028 $575,949 $12,992 $1,133,564
/TABLE
<PAGE>
<TABLE>
Exhibit A page 12 of 21
DOMINION ENERGY, INC.
DOMESTIC COGEN SUBSIDIARIES
COMBINED INCOME STATEMENT
YEAR-TO-DATE ENDED DECEMBER 31, 1995
<CAPTION>
DOMESTIC
DOMINION DOMINION DOMINION DOMINION DEI COGEN
COGEN DESCO DDSS COGEN CA COGEN NY COGEN WV TEXAS COMBINED
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Income from partnerships $0 $0 ($20,400) $271,087 ($39,470) ($2,712,433) $0 ($2,501,216)
Interest income 0 317,970 0 3,786 18,456 591,117 0 931,329
Management fee income 0 3,512,290 0 0 0 0 0 3,512,290
Other income 4,500,000 6,852 0 0 0 0 0 4,506,852
Equity earnings 8,839,192 0 0 0 0 0 0 8,839,192
13,339,192 3,837,112 (20,400) 274,873 (21,014) (2,121,316) 0 15,288,447
Expenses:
Operating expenses 0 0 0 0 0 0 0 0
Contractual services 0 36,559 0 0 0 0 0 36,559
Administrative and general 0 2,722,711 0 (1,023) 330 16,059 0 2,738,077
Depreciation and
amortization 32,808 0 0 0 0 74,400 0 107,208
Interest charges 3,931,091 134,482 19,674 0 0 0 0 4,085,247
Other taxes (3,296) 212,104 (146) (93) 138 (7,492) 0 201,215
3,960,603 3,105,856 19,528 (1,116) 468 82,967 0 7,168,306
Income before provision
for income taxes 9,378,589 731,256 (39,928) 275,989 (21,482) (2,204,283) 0 8,120,141
Provision for income
taxes 436,832 256,095 (13,975) 96,596 (7,519) (771,113) 0 (3,084)
Net income (loss) $8,941,757 $475,161 ($25,953) $179,393 ($13,963) ($1,433,170) $0 $8,123,225
/TABLE
<PAGE>
<TABLE>
Exhibit A page 13 of 21
DOMINION ENERGY, INC.
FOREIGN COGEN SUBSIDIARIES
COMBINED INCOME STATEMENT
YEAR-TO-DATE ENDED DECEMBER 31, 1995
<CAPTION>
FOREIGN
COMBINED COGEN
DGSA DMASA ARGENTINA DECA IDB COMBINED
<S> <C> <C> <C> <C> <C> <C>
Revenues:
Energy revenues $53,233,358 $0 $53,233,358 $1,149,009 $7,014,044 $61,396,411
Interest income (10,083) 0 (10,083) 60,096 1,565,197 1,615,210
Management fee income 0 1,529,943 1,529,943 0 0 1,529,943
Other income (378,573) 167,655 (210,918) 113,111 2,780,841 2,683,034
Equity earnings 0 0 0 0 0 0
52,844,702 1,697,598 54,542,300 1,322,216 11,360,082 67,224,598
Expenses:
Operating expenses 20,441,743 0 20,441,743 216,924 789,392 21,448,059
Contractual services 694,952 814,070 1,509,022 89,587 100,154 1,698,763
Administrative and general 1,680,704 1,132,877 2,813,581 39,149 472,198 3,324,928
Depreciation and amortization 9,461,620 151,032 9,612,652 261,675 1,475,045 11,349,372
Interest charges 9,178,861 18,555 9,197,416 633,807 1,345,856 11,177,079
Other taxes 6,523,403 (9,643) 6,513,760 0 36,587 6,550,347
Minority interest 3,579,795 0 3,579,795 2,283 3,632,203 7,214,281
51,561,078 2,106,891 53,667,969 1,243,425 7,851,435 62,762,829
Income before provision for
income taxes 1,283,624 (409,293) 874,331 78,791 3,508,647 4,461,769
Provision for income taxes 814,773 141,607 956,380 0 735,221 1,691,601
Net income (loss) $468,851 ($550,900) ($82,049) $78,791 $2,773,426 $2,770,168
/TABLE
<PAGE>
<TABLE>
Exhibit A page 14 of 21
DOMINION ENERGY, INC.
OIL AND GAS SUBSIDIARIES
COMBINED INCOME STATEMENT
YEAR-TO-DATE ENDED DECEMBER 31, 1995
<CAPTION>
BLACK DOMINION DOMINION COMBINED DOMINION OIL AND
DOMINION WARRIOR RESERVES RESERVES DOMESTIC ENERGY GAS
RESERVES BASIN - UTAH - INDIANA OIL AND GAS PTY LTD COMBINED
<S> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Oil and gas revenues $54,185,248 $12,347,731 $3,333,660 $0 $69,866,639 $0 $69,866,639
Income from partnerships 399,670 0 0 0 399,670 0 399,670
Interest income 496,284 267,988 0 0 764,272 0 764,272
Other income 10,699,779 8,727,804 0 0 19,427,583 0 19,427,583
Equity earnings 3 0 0 0 3 0 3
65,780,984 21,343,523 3,333,660 0 90,458,167 0 90,458,167
Expenses:
Operating expenses 32,552,474 12,246,863 1,357,224 0 46,156,561 150,944 46,307,505
Contractual services 1,744,813 0 0 0 1,744,813 0 1,744,813
Administrative and general 1,790,563 67,028 20,415 15 1,878,021 13,822 1,891,843
Depreciation and amortization 27,771,164 1,044,161 1,960,897 0 30,776,222 9,598 30,785,820
Interest charges 12,538,996 40,127 651,692 0 13,230,815 0 13,230,815
Other taxes 3,294,214 (268,654) 192,307 0 3,217,867 0 3,217,867
Minority interest 195,065 0 0 0 195,065 0 195,065
79,887,289 13,129,525 4,182,535 15 97,199,364 174,364 97,373,728
Income before provision for
income taxes (14,106,305) 8,213,998 (848,875) (15) (6,741,197) (174,364) (6,915,561)
Provision for income taxes (25,422,910) (4,270,350) (986,175) (5)(30,679,440) 0 (30,679,440)
Net income (loss) $11,316,605 $12,484,348 $137,300 ($10)$23,938,243 ($174,364)$23,763,879
/TABLE
<PAGE>
<TABLE>
Exhibit A page 15 of 21
DOMINION ENERGY, INC.
CONSOLIDATING INCOME STATEMENT
YEAR-TO-DATE ENDED DECEMBER 31, 1995
<CAPTION>
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL ELIMINATIONS DOMINION
ENERGY COGEN COGEN AND GAS DEBIT CREDIT ENERGY
<S> <C> <C> <C> <C> <C> <C> <C>
Revenues:
Oil and gas revenues $0 $0 $0 $69,866,639 $0 $0 $69,866,639
Energy revenues 0 61,396,411 61,396,411
Income from partnerships 8,956,511 (2,501,216) 399,670 6,854,965
Interest income 16,258,237 931,329 1,615,210 764,272 15,932,238 39,913 3,676,723
Management fee income 0 3,512,290 1,529,943 5,042,233
Other income 24,681 4,506,852 2,683,034 19,427,583 26,642,150
Equity earnings 34,657,294 8,839,192 0 3 34,657,272 8,839,217
59,896,723 15,288,447 67,224,598 90,458,167 50,589,510 39,913 182,318,338
Expenses:
Operating expenses 0 0 21,448,059 46,307,505 67,755,564
Contractual services (2,717,653) 36,559 1,698,763 1,744,813 762,482
Administrative and general 10,235,146 2,738,077 3,324,928 1,891,843 18,189,994
Depreciation and amort. 324,979 107,208 11,349,372 30,785,820 42,567,379
Interest charges 14,251,332 4,085,247 11,177,079 13,230,815 39,913 18,608,343 24,176,043
Other taxes 1,766,920 201,215 6,550,347 3,217,867 1,691,601 13,427,950
Minority interest 0 7,214,281 195,065 976,105 8,385,451
23,860,724 7,168,306 62,762,829 97,373,728 2,707,619 18,608,343 175,264,863
Income before provision for
income taxes 36,035,999 8,120,141 4,461,769 (6,915,561) 53,297,129 18,648,256 7,053,475
Provision for income taxes 2,098,177 (3,084) 1,691,601 (30,679,440) 595,000 1,691,601 (27,989,347)
Net income (loss) $33,937,822 $8,123,225 $2,770,168 $23,763,879 $53,892,129 $20,339,857 $35,042,822
/TABLE
<PAGE>
<TABLE>
Exhibit A page 16 of 21
DOMINION CAPITAL INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (thousands)
<CAPTION>
DOMINION RINCON VIDALIA LA. PROJECT
ASSETS CAPITAL SECURITIE DFI AUDIT HYDRO BRI AMERICA AUFSC VA FINAN
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current
Cash $234 $608 $1 $1 $1 $260 $237 $100
Temporary investments
Cash and equivalents 234 608 0 1 1 1 260 237 100
Accounts receivable 378 0 535 0 241
Dividends receivable 34 1604 129 0
Interest receivable 359 285 6386 36 0
Income tax benefit
Short-term investments 10,778
Other 130 382 9 7 0
11,913 2,879 0 545 6,387 166 267 478 100
Investments
Invest. in subsidiaries 281,552
Notes receivable 9,447 5,625
Marketable securities 23,583 214,496 40,965 0
Intercompany advances 4,727 53,793 142,500 0 466 6,328
Vidalia Partnership 67,517
Vidalia Lessor interest 62,057
First Source Financial 59,019
Investment in real esta 17,338
Low income housing 31,382
Trilon Dominion 97,533
Venture capital and oth 4,667 15,169
537,746 283,458 142,500 0 62,523 52,918 0 0 59,019
Property, Plant and Equip 497 0 24 27 161
Less accumulated deprec
and amortization 85 0 16 12 98
412 0 0 8 0 0 15 63 0
Deferred & Other Assets 482 7,171 2,195 702 100 278
482 7,171 0 0 2,195 702 0 100 278
TOTAL ASSETS $550,553 $293,508 $142,500 $553 $71,105 $53,786 $282 $641 $59,397
</TABLE>
<PAGE>
<TABLE>
Exhibit A page 17 of 21
DOMINION CAPITAL INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (thousands)
<CAPTION>
CONSOLI-
ASSETS STANT DLI EDGEN TOTAL DR CR DATED
<S> <C> <C> <C> <C> <C> <C> <C>
Current
Cash $2,130 $4,173 $409 $8,154 $8,154
Temporary investments 0 0
Cash and equivalents 2130 4173 409 8,154 0 0 8,154
Accounts receivable 4698 3107 (2) 8,957 1,543 7,414
Dividends receivable 1,767 0 1,767
Interest receivable 10 7,076 352 6,724
Income tax benefit 0 0 0 0 0
Short-term investments 10,778 10,778
Other 1685 3384 5 5,602 5,602
8513 10664 422 42,334 0 1,895 40,439
Investments
Invest. in subsidiaries 0 0 281,552 709 282,261 0
Notes receivable 1347 94 16,513 0 16,513
Marketable securities 279,044 0 279,044
Intercompany advances 207,814 207,814 0
Vidalia Partnership 67,517 67,517
Vidalia Lessor interest 62,057 62,057
First Source Financial 0 59,019 59,019
Investment in real estate 5700 98563 11359 132,960 0 0 132,960
Low income housing 31,382 31,382
Trilon Dominion 97,533 97,533
Venture capital and other 0 19,836 0 19,836
5,700 99,910 11,453 1,255,227 709 490,075 765,861
Property, Plant and
Equipment 5,122 18,112 41 23,984 23,984
Less accumulated deprec
and amortization 0 3,017 3,228 3,228
5,122 15,095 41 20,756 0 0 20,756
Deferred & Other Assets 16,211 24,357 51,496 3,340 54,836
16,211 24,357 0 51,496 3,340 0 54,836
TOTAL ASSETS $35,546 $150,026 $11,916 $1,369,813 $4,049 $491,970 $881,892
/TABLE
<PAGE>
<TABLE>
Exhibit A page 18 of 21
DOMINION CAPITAL INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (thousands)
<CAPTION>
LIABILITIES AND DOMINION RINCON VIDALIA LA. PROJECT
STOCKHOLDERS' EQUITY CAPITAL SECURITIE DFI AUDIT HYDRO BRI AMERICA AUFSC VA FIN VENT
(UNAUDITED)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Current
Sec. due within one year 1,112 6,950 38,500
Accounts payable 1,564 4 15 0 29 54
Dividends payable 0 0
Accrued interest 1,848 386 4 883 11
Accrued taxes (3,363) 271 51 63 81 9 28 1,128
Other 1,033 148 70 0 0 73 8
2,194 7,759 38,500 140 946 81 111 90 1,139
Long-Term Debt
Inter-company borrowing 248,418 0 778 0 2,206
Other 5,020 185,955 104,000 43,645 0
253,438 185,955 104,000 778 43,645 0 0 0 2,206
Deferred Credits and
Other Liabilities
Deferred income taxes 18,721 172 (28) 24,516 648 (8) 7
Investment tax credits
Other 1,933 0
20,654 172 0 (28) 24,516 648 (8) 7 0
Stockholder's Equity
Common stock 8 1,000 1 1 763 1,082
Other paid-in capital 229,418 16,168 35,550 50,408
Allowance on marketable
securities (6,531) (3,337) 1,180
Retained earnings 51,372 85,791 (337) 1,997 16,326 (584) (538) 5,644
274,267 99,622 0 (337) 1,998 53,057 179 544 56,052
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $550,553 $293,508 $142,500 $553 $71,105 $53,786 $282 $641 $59,397
/TABLE
<PAGE>
<TABLE>
Exhibit A page 19 of 21
DOMINION CAPITAL INC., CONSOLIDATED BALANCE SHEET, DECEMBER 31, 1995 (thousands)
<CAPTION>
LIABILITIES AND INTERCELIMS. CONSOLI-
STOCKHOLDERS' EQUITY GSH DLI EDGEN TOTAL DR CR DATED
(UNAUDITED)
<S> <C> <C> <C> <C> <C> <C> <C>
Current
Sec. due within one year 6,776 0 $53,338 53,338
Accounts payable 1,344 2,240 359 5,609 1,543 4,066
Dividends payable 0 0 0 0 0
Accrued interest 125 240 3,497 1,222 2,275
Accrued taxes 437 78 311 (906) 0 (906)
Other 1,367 524 2 3,225 3,225
10,049 3,082 672 64,763 2,765 0 61,998
Long-Term Debt
Inter-company borrowing 1,743 46,963 300,108 207,814 92,294
Other 4,926 34,641 378,187 378,187
6669 81604 0 678,295 207,814 0 470,481
Deferred Credits and
Other Liabilities
Deferred income taxes (2,497) 1,139 (1,475) 41,195 304 41,499
Investment tax credits 0 0
Other 10,191 20,957 33,081 33,081
7694 22096 (1,475) 74,276 0 304 74,580
Stockholder's Equity
Common stock 11,297 10 377 14,539 14,531 8
Other paid-in capital 58,089 11,764 401,397 171,979 229,418
Allowance on marketable 0
securities (8,688) 0 2,157 (6,531)
Retained earnings (163) (14,855) 578 145,231 114,222 20,929 51,938
11,134 43,244 12,719 552,479 300,732 23,086 274,833
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $35,546 $150,026 $11,916 $1,369,813 $511,311 $23,390 $881,892
/TABLE
<PAGE>
<TABLE>
Exhibit A page 20 of 21
DOMINION CAPITAL, INC.
CONSOLIDATING INCOME STATEMENT
YEAR-TO-DATE DECEMBER, 1995
<CAPTION>
DOMINION VIDALIA LA BLUE PROJECT
CAPITAL RINCON AUDIT HYDRO RIDGE AUFSC AMERICA
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Interest income $1,902,235 $3,112,154 24,053 $6,857,027 $846,538 0 0
Dividend income 573,388 16,204,325 2,536,004 73,789 0
Gains and losses 11,647,998 547,865 539,507 207,447 0
Partnership income 6,723,100 0 0 0
Income from Real estate 2,080,896
Amenity income
Other income 362,131 0 255,336 (23,803) 1,073,772 144,000
Equity earnings 12,041,032
35,330,780 19,864,344 279,389 6,857,027 3,898,246 1,355,008 144,000
EXPENSES
Contractural services 1,862,758 37,269 (34,723) 0 0 125,333 0
Administrative and general 4,749,166 595,551 330,721 50 4,398 654,138 349,527
Depreciation and amortizatio 1,423,459 281,033 3,816 59,496 22,096 107,375 4,994
Interest charges 15,488,633 14,607,067 43,224 5,314,603 0 0 0
Other taxes 598,630 42,278 15,064 113,306 (31,841) 1,097 20,981
Cost of Sales
Selling expenses
Amenity operating expenses
Captilized project epenses
24,122,646 15,563,198 358,102 5,487,455 (5,347) 887,943 375,502
INCOME BEFORE PROVISION FOR
INCOME TAXES 11,208,134 4,301,146 (78,713) 1,369,572 3,903,593 467,065 (231,502)
PROVISION FOR INCOME TAXES (5,234,138) (2,295,711) (26,959) 479,350 775,245 145,607 (80,759)
NET INCOME (LOSS) $16,442,272 $6,596,857 ($51,754) $890,222 $3,128,348 $321,458 ($150,743)
/TABLE
<PAGE>
<TABLE>
Exhibit A page 21 of 21
DOMINION CAPITAL, INC.
CONSOLIDATING INCOME STATEMENT
YEAR-TO-DATE DECEMBER, 1995
<CAPTION>
GOODMAN
VA FINAN SEAGAR DOMINION ELIMINATIONS SUB
VENTURES HOGAN LANDS EDGEN DR. CR. TOTAL
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Interest income 68,713 $214,151 3,888,278 $9,136,593
Dividend income 0 19,387,506
Gains and losses 0 $0 12,942,817
Partnership income 8,969,000 15,692,100
Income from Real estate 18,771,557 27,011,668 220,000 48,084,121
Amenity income 3,256,705 3,256,705
Other income 638,358 900,000 3,349,794
Equity earnings 0 12,041,032 0
9,037,713 18,771,557 31,120,882 1,120,000 15,929,310 0 111,849,636
EXPENSES
Contractural services 570 669,669
Administrative and general 15,822,349 7,136,334 16,849 120,357 0 2,660,876
Depreciation and amortizatio 49,085 949,618 76,432 29,779,440
Interest charges 36,944 1,291,037 4,501,588 4,758,278 2,977,404
Other taxes 269,070 0 321,512 36,524,818
Cost of Sales 24,724,882 199,339 1,350,097
Selling expenses 2,765,973 14,447 24,924,221
Amenity operating expenses 4,141,745 2,780,420
Captilized project epenses (6,260,677) 157 4,141,745
(6,260,520)
355,099 18,063,574 38,077,458 230,792 120,357 4,758,278 98,878,501
INCOME BEFORE PROVISION FOR
INCOME TAXES 8,682,614 707,983 (6,956,576) 889,208 (16,049,667) 4,758,278 12,971,135
PROVISION FOR INCOME TAXES 3,038,915 573,295 (2,484,833) 311,223 (207,040) (4,591,725)
NET INCOME (LOSS) $5,643,699 $134,688 ($4,471,743) $577,985 ($16,049,667)$4,965,318 $17,562,860
/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.
Item No. Caption Heading Amount
(Millions)
1 Total Assets 13,903
2 Total Operating Revenues 4,652
3 Net Income 425
<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% 100%
| | | | |
DOMINION DOMINION ENERGY DOMINION GENERATING S.A. DOMINION INVERSIONES
ENERGY CENTRAL AMERICA, INC. | | MANAGEMENT DOMINION
SERVICES | 65% 60% ARGENTINA S.A. BOLIVIA S.A.
COMPANY, INC. 95% | | |
| PATAGONIA A.V. 50%
BELIZE ELECTRIC HOLDING S.A. HOLDING S.A. EMPRESA
COMPANY LIMITED | | ELECTRICA
59% 90% CORANI S.A.
HIDROELECTRICA CENTRAL TERMICA
CERROS ALTO VALLE S.A.
COLORADOS S.A.
