SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-3A-2/A
File No. 69-278
FOR FISCAL YEAR ENDED DECEMBER 31, 1996
Amendment No. 1 to Statement by Holding Company Claiming Exemption Under Rule
U-3A-2 from the Provisions of the Public Utility Holding Company Act of 1935.
DOMINION RESOURCES, INC.
(Name of company)
Name, title, and address of officer to whom notices and correspondence
concerning this amendment should be addressed:
James L. Trueheart, Vice President and Controller
(Name) (Title)
901 East Byrd Street
P. O. Box 26532
Richmond, Virginia 23261-6532
The undersigned hereby files Amendment No. 1 to Form U-3A-2 as follows:
Exhibit A to Form U-3A-2 (dated February 28, 1997) is hereby amended to
include the Consolidating Financial Statements for Dominion Energy, Inc.,
Dominion Capital, Inc. and Dominion Resources, Inc. as shown on the attached
Amendment No. 1 to Exhibit A.
SIGNATURE
The company has caused this Amendment No. 1 to Form U-3A-2 to be duly
executed on its behalf by its authorized officer on the 27th day of May, 1997.
DOMINION RESOURCES, INC.
BY: /s/JAMES L. TRUEHEART
James L. Trueheart
Corporate Seal Vice President and Controller
Attest:
BY: /s/PATRICIA A. WILKERSON
Patricia A. Wilkerson
Corporate Secretary
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DOMINION ENERGY, INC. Exhibit A
CONSOLIDATING INCOME STATEMENT Amendment No. 1
YEAR-TO-DATE ENDED DECEMBER 31, 1996 Page 1 of 7
<CAPTION>
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL DOMINION
ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY
<S> <C> <C> <C> <C> <C> <C>
Revenues: $62,296,260 $14,384,236 $118,196,779 $130,142,097 ($57,896,460) $267,122,912
62,296,260 14,384,236 118,196,779 130,142,097 (57,896,460) 267,122,912
Expenses:
Operating expenses 0 0 47,708,368 55,746,626 103,454,994
Contractual services 1,183,391 176,141 1,115,652 2,612,890 5,088,074
Administrative and general 13,267,229 2,994,449 4,991,536 4,832,639 26,085,853
Depreciation and amortization 371,864 76,012 21,167,053 48,285,261 69,900,190
Interest charges 20,635,642 2,412,435 13,514,638 14,152,417 (20,854,038) 29,861,094
Other taxes 797,923 458,329 4,701,647 5,681,881 4,249,446 15,889,226
Minority interest 0 12,154,977 156,515 1,075,019 13,386,511
36,256,049 6,117,366 105,353,871 131,468,229 (15,529,573) 263,665,942
Income before provision for
income taxes 26,040,211 8,266,870 12,842,908 (1,326,132) (42,366,887) 3,456,970
Provision for income taxes (6,052,543) 1,114,084 4,249,446 (24,397,325) (4,004,446) (29,090,784)
Net income (loss) $32,092,754 $7,152,786 $8,593,462 $23,071,193 ($38,362,441) $32,547,754
Retained earnings at Jan. 1, 1996 63,151,320 2,951,492 7,934,402 62,758,782 (72,539,676) 64,256,320
Net income (loss) 32,092,754 7,152,786 8,593,462 23,071,193 (38,362,441) 32,547,754
Dividends (43,330,631) (43,330,631)
Other 508,832 (75,272) 310,731 1,161,354 (1,396,813) 508,832
Retained earnings at Dec 31, 1996 $52,422,275 $10,029,006 $16,838,595 $86,991,329 ($112,298,930) $53,982,275
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Exhibit A
Amendment No. 1
Page 2 of 7
DOMINION ENERGY, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 (THOUSANDS)
<CAPTION>
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL DOMINION
ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Current Assets
Cash & cash equivalents $109 $6 $32,277 $1,348 $33,740
Accounts receivable 3,517 5,748 35,385 43,567 ($3,945) 84,272
Interest receivable 2,288 279 0 158 (1,807) 918
Notes receivable 12,702 0 0 3,000 (12,502) 3,200
Other 2,078 81 12,148 18,295 32,602
20,694 6,114 79,810 66,368 (18,254) 154,732
Investments
Investment in subsidiaries 590,921 92,355 0 0 (590,921) 92,355
Investment in partnerships 100,576 13,437 0 8,335 122,348
Intercompany advances 295,749 14,604 0 9,154 (319,507) 0
Other 27,951 4,141 59,296 7,118 (14,195) 84,311
1,015,197 124,537 59,296 24,607 (924,623) 299,014
Properties, Plant and Equipment 1,740 0 869,229 492,376 1,363,345
Less: accumulated dep & amort 693 0 235,083 125,633 361,409
1,047 0 634,146 366,743 0 1,001,936
Deferred Charges and Other Assets
Other 157 0 110,179 10,886 121,222
157 0 110,179 10,886 121,222
Total Assets $1,037,095 $130,651 $883,431 $468,604 ($942,877) $1,576,904
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Exhibit A
Amendment No. 1
Page 3 of 7
<CAPTION>
DOMINION ENERGY, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 (THOUSANDS)
COMBINED COMBINED COMBINED CONSOLIDATED
DOMINION DOMESTIC FOREIGN OIL DOMINION
ENERGY COGEN COGEN AND GAS ELIMINATIONS ENERGY
<S> <C> <C> <C> <C> <C> <C>
LIABILITIES
Current liabilities
Accounts payable $1,145 $76 $14,982 $20,794 ($3,945) $33,052
Securities due within one year 22,500 22,500
Short-term debt 0 0 70,256 0 (12,502) 57,754
Interest accrued 6,008 163 2,994 3,176 (4,534) 7,807
Taxes accrued (400) (587) 735 1,392 1,140
Other 2,777 641 3,332 591 7,341
9,530 293 92,299 25,953 1,519 129,594
Long-term Debt
Intercompany borrowings 131,261 42,390 26,287 253,359 (345,794) 107,503
Other 355,000 0 85,487 0 (22,500) 417,987
486,261 42,390 111,774 253,359 (368,294) 525,490
Deferred Credits & Other Liab.
Deferred income taxes 52,766 7,518 4,285 57,470 840 122,879
Minority interest 0 0 279,018 1,584 12,419 293,021
Other 398 10,897 579 4,476 16,350
53,164 18,415 283,882 63,530 13,259 432,250
Total Liabilities 548,955 61,098 487,955 342,842 (353,516) 1,087,334
COMMON STOCKHOLDER'S EQUITY
Common stock 208 35,015 58,825 0 (93,840) 208
Other paid-in capital 434,998 24,509 319,811 38,902 (383,222) 434,998
Accumulated translation adjustments (130) (130)
Valuation allowance 512 0 0 0 512
Retained earnings 52,422 10,029 16,840 86,990 (112,299) 53,982
Total Common Stockholder's Equity 488,140 69,553 395,476 125,762 (589,361) 489,570
Total Liab.&Stockholder's Equity$1,037,095 $130,651 $883,431 $468,604 ($942,877) $1,576,904
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DOMINION CAPITAL, INC. Exhibit A
CONSOLIDATING INCOME STATEMENT Amendment No. 1
YEAR-TO-DATE DECEMBER, 1996 Page 4 of 7
(in thousands)
<CAPTION>
DOMINION
DOMINION REAL ESTATE & FINANCIAL CAPITAL
CAPITAL INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME $48,775 $102,241 $67,401 ($32,113) $186,304
EXPENSES
Administrative and general 7,551 13,120 11,880 (71) 32,480
Depreciation and amortization 1,345 2,692 2,798 0 6,836
Interest charges 16,665 24,342 10,304 (6,838) 44,473
Other taxes 534 965 1,156 0 2,655
Real estate operations 0 68,235 0 0 68,235
Captilized project epenses 0 (4,111) 0 0 (4,111)
26,095 105,243 26,138 (6,909) 150,566
INCOME BEFORE PROVISION FOR
INCOME TAXES 22,680 (3,002) 41,263 (25,204) 35,737
PROVISION FOR INCOME TAXES (5,564) (1,864) 14,520 118 7,210
NET INCOME (LOSS) $28,244 ($1,138) $26,743 ($25,322) $28,527
Retained Earnings at Jan. 1, 1996 52,044 79,414 5,178 (84,699) 51,937
Net Income (Loss) 28,244 (1,138) 26,743 (25,322) 28,527
Deduct Dividends (30,682) 0 0 0 (30,682)
Other 0 (1) 0 501 500
Retained Earnings at Dec. 31, 1996 $49,606 $78,275 $31,921 ($109,520) $50,282
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Exhibit A
Amendment No. 1
Page 5 of 7
DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996
(in thousands)
<CAPTION>
DOMINION
DOMINION REAL ESTATE FINANCIAL CAPITAL
ASSETS CAPITAL & INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C>
Current
Cash and equivalents $1,015 $7,142 $1,405 $0 $9,562
Accounts receivable 184 10,035 0 (1,904) 8,315
Dividends receivable 33 1,620 0 1,653
Interest receivable 524 9,162 495 (781) 9,400
Short-term investments 4,472 0 0 4,472
Mtg loans in warehouse 0 0 65,825 65,825
Other 111 3,068 26,872 30,051
6,339 31,027 94,597 (2,685) 129,278
Investments
Inv. in subsidiaries 582,453 0 78,996 (418,634) 242,815
Intercompany advances 148,374 90,312 (238,686) 0
Marketable securities 27,368 263,269 58,500 349,137
Invest. in real estate 18,053 89,615 107,668
Other 36,117 84,273 8,610 129,000
812,365 527,469 146,106 (657,320) 828,620
Property, Plant and Equipment 741 34,669 6,264 41,674
Less accumulated deprec
and amortization 198 9,963 1,901 12,062
543 24,706 4,363 0 29,612
Deferred & Other Assets 544 54,255 55,065 4,211 114,075
544 54,255 55,065 4,211 114,075
TOTAL ASSETS $819,791 $637,457 $300,131 ($655,794) $1,101,585
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DOMINION CAPITAL INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1996 Exhibit A
(in thousands) Amendment No. 1
Page 6 of 7
<CAPTION>
DOMINION
LIABILITIES AND DOMINION REAL ESTATE FINANCIAL CAPITAL
STOCKHOLDERS' EQUITY CAPITAL & INVESTMENTS SERVICES ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C>
Current
Sec. due within one year $25,020 $1,587 $66,689 $93,296
Accounts payable 1,552 4,400 0 (1,904) 4,048
Accrued interest 2,702 2,523 1,477 (1,981) 4,721
Accrued taxes 369 877 1,044 2,290
Other 1,787 3,570 1,756 7,113
31,430 12,957 70,966 (3,885) 111,468
Long-Term Debt
Inter-company borrowings 318,770 50,758 41,039 (238,686) 171,881
Other 84,000 268,815 37,736 390,551
402,770 319,573 78,775 (238,686) 562,432
Deferred Credits and
Other Liabilities
Deferred income taxes 22,032 30,471 (2,355) 420 50,568
Other 1,882 12,879 0 14,761
23,914 43,350 (2,355) 420 65,329
Stockholder's Equity
Common stock 8 14,671 0 (14,671) 8
Other paid-in capital 313,394 167,797 120,824 (288,618) 313,397
Allowance on marketable
securities (1,331) 834 0 (834) (1,331)
Retained earnings 49,606 78,275 31,921 (109,520) 50,282
361,677 261,577 152,745 (413,643) 362,356
TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $819,791 $637,457 $300,131 ($655,794) $1,101,585
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DOMINION RESOURCES, INC., CONSOLIDATING STATEMENT OF RETAINED EARNINGS, DECEMBER 31, 1996 Exhibit A
Amendment No. 1
Page 7 of 7
<CAPTION>
DOMINION
DOMINION DOMINION DOMINION UK HOLDING VIRGINIA
DESCRIPTION RESOURCES CAPITAL ENERGY INC. POWER ELIMINATIONS CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C> <C>
Retained earnings at
Jan. 1, 1996 $1,431,169 $51,938 $64,256 $0 $1,272,470 ($1,392,264) $1,427,569
Net income 472,114 28,527 32,548 (315) 421,799 (482,559) 472,114
Dividends (460,060) (30,682) (43,331) (385,830) 459,843 (460,060)
Other (2,214) 499 509 (56) (473) (1,735)
Retained earnings,
Dec. 31, 1996 $1,441,009 $50,282 $53,982 ($315)$1,308,383 ($1,415,453) $1,437,888
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