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Previous: DEFINED ASSET FUNDS MUNICIPAL INVT TR FD PENNSYLVANIA SER 23, 24F-2NT, 1998-03-02 |
Next: KEMPER TAX EXEMPT INSURED INCOME TRUST SERIES A-51, NSAR-U, 1998-03-02 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM U-3A-2
File No. 69-278
FOR FISCAL YEAR ENDED DECEMBER 31, 1997
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 as of December 31, 1997.
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 Company Virginia Virginia and
North Carolina-
Electric utility
Dominion Capital, Inc. (*)(DCI) Virginia Richmond,
Virginia -
Financial
services, land
development
Dominion Energy, Inc.(*) (DEI) Virginia Richmond,
Virginia -
Nonutility power
production and
gas and oil
development
Dominion Resources Capital Trust I Delaware Wilmington,
Delaware -
Business Trust
Dominion U.K. Holding, Inc. (DOMUK) Virginia Richmond,
Virginia -
Holding company<PAGE>
Subsidiaries of Dominion U.K. Holding, Inc.
DEI U.K., Inc. Virginia Richmond,
Virginia-
Equity holding
Dominion Energy U.K., Inc. Virginia Queensland,
Australia-
Equity holding<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiary of DEI U.K., Inc. and Dominion Energy U.K., Inc.
DR Group Holdings United Kingdom United Kingdom -
Financing/Holdin
g company
Subsidiary of DEI U.K. and DR Group Holdings
DR Nottingham Investments United Kingdom United Kingdom -
Financing/Holdin
g company
Subsidiary of DR Group Holdings
DR Corby Limited United Kingdom United Kingdom -
Holding company
Subsidiary of DR Corby Limited
EME Generation (Corby) Ltd United Kingdom United Kingdom -
Holding company
Subsidiary of EME Generation (Corby) Ltd
Corby Power Ltd United Kingdom United Kingdom -
Gas electric
generation
Subsidiary of Dominion Energy U.K., Inc., DEI U.K., Inc. and
DR Nottingham Investments
DR Investments United Kingdom United Kingdom -
Financing
company
Subsidiary of DR Investments
DR Investments (UK) PLC United Kingdom United Kingdom -
Holding company
and issuer of
debt securities
Subsidiary of DR Investments (UK) PLC
East Midlands Electricity plc United Kingdom United Kingdom -
Electric power
distribution and
supply
Subsidiaries of East Midlands Electricity plc
Coppice Insurance Co. Lt Guernsey United Kingdom -
Trustee company
Charnwood Insurance Co. Ltd Guernsey United Kingdom -
Insurance
company
East Midlands Electricity
(IT) Lt United Kingdom United Kingdom -
Information
technology
services company
East Midlands Electricity Share
Scheme Trustees Ltd United Kingdom United Kingdom -
Trustee company
Lincoln Green Energy Ltd United Kingdom United Kingdom -
Energy services
and project
management
company
Sterling Gas Ltd United Kingdom United Kingdom -
Supply company
3<PAGE>
4<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of East Midlands Electricity plc (continued)
East Midlands Electricity Generation
(Non-Fossil) Ltd United Kingdom United Kingdom -
Electric
generation
Subsidiary of Sterling Gas Ltd
EME Industrial Shipping Ltd United Kingdom United Kingdom -
Gas
transportation
Subsidiaries of East Midlands Electricity Generation (Non-
Fossil) Ltd
Biogas Generation Ltd United Kingdom United Kingdom -
Electric
generation
Biogeneration Ltd United Kingdom United Kingdom -
Electric
generation
East Midlands Electricity
Generation (IPG) Ltd United Kingdom United Kingdom -
Electric
generation
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
Virginia Power SPC-II, Inc. Virginia Richmond,
Virginia -
Special purpose
corporation
VPS Communications, Inc. Virginia Richmond,
Virginia -
Telecommunicatio
n services
Virginia Power Services, Inc. Virginia Richmond,
Virginia - Shell
company
Subsidiary of Virginia Power Services, Inc.
Virginia Power Nuclear Services
Company Virginia Richmond,
Virginia -
Nuclear
management and
operations
services
Subsidiaries of Dominion Capital, Inc.
Catalyst Old River
Hydroelectric LP Louisiana Vidalia,
Louisiana -
Electric power
production
5<PAGE>
Dominion Financing, Inc. Virginia Richmond,
Virginia -
Special purpose
medium-term
financing
subsidiary
Dominion Land Management Company Virginia Richmond,
Virginia - Real
estate
management
6<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Dominion Capital, Inc. (continued)
Dominion Lands, Inc. Virginia Richmond,
Virginia - Land
development
Dominion Mortgage Services, Inc. Virginia Richmond,
Virginia -
Mortgage
services
Dominion Venture Investments, Inc. Virginia Richmond,
Virginia -
Middle market
commercial
lending
Edgen, Inc. Delaware Richmond,
Virginia - Real
estate holding
company
Louisiana Hydroelectric Capital
Corporation Virginia Richmond,
Virginia -
Investment
company
Project America, Inc. Virginia Richmond,
Virginia -
Mutual Fund
broker-dealer
Rincon Securities Inc. New York Richmond,
Virginia -
Investment
company
Rosemont/DCI Properties, Inc. Virginia Richmond,
Virginia - Real
estate
investment
Shoulders Hill/DCI Properties, Inc. Virginia Richmond,
Virginia - Real
estate
investment
Stanton Associates, Inc. Virginia Norfolk,
Virginia - Real
estate holding
company
Trilon Dominion Partners, L.L.C. Delaware New York, New
York - Venture
capital
investments
Electronic Lighting, Inc. Delaware Menlo Park,
California -
Lighting control
systems
OptaCor Financial Services Company Virginia Linthicum,
Maryland -
Direct mail
7<PAGE>
unsecured
consumer loans
Stonehouse L.L.C. Virginia Toano, Virginia
- Real estate
investment
Virginia Financial Ventures, Inc. Virginia Richmond,
Virginia -
Commercial
finance
Vidalia Audit, Inc. Virginia Richmond,
Virginia - Audit
company for
hydroelectric
project
8<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Dominion Capital, Inc. (continued)
Williams Court/DCI Properties, Inc. Virginia Richmond,
Virginia - Real
estate
investments
Dominion Capital Financial, Inc. Virginia Richmond,
Virginia -
Financial
services
Dominion Capital Ventures
Corporation Virginia Richmond,
Virginia -
Middle market
commercial
lending
First Source Financial, Inc. Delaware Prospect
Heights,
Illinois -
Middle market
commercial
lending
NH Capital, Inc. Delaware Richmond,
Virginia - Shell
company
Subsidiary of Dominion Capital Ventures Corporation
First Dominion Capital, L.L.C. Delaware New York, New
York - Middle
market
commercial
lending
Subsidiary of Stonehouse, L.L.C.
Stonehouse Realty Company Virginia Toano, Virginia-
Real estate
sales/marketing
Subsidiaries of Dominion Venture Investments,Inc.
Cambrian Capital Partners L.P. Delaware Houston, Texas -
Oil/Gas
financial
lending
Cambrian Capital Corporation Delaware Houston, Texas -
Oil/Gas
financial
lending
Subsidiary of Cambrian Capital Corporation
Triassic Energy Corporation Delaware Houston, Texas -
Oil/Gas
financial
lending
Subsidiary of Cambrian Capital Partners L.P. and Triassic
Energy Corporation
Triassic Energy Partners L.P. Delaware Houston, Texas -
Oil/gas
financial
lending
9<PAGE>
Subsidiaries of Dominion Mortgage Services, Inc.
America's MoneyLine, Inc. Virginia Richmond,
Virginia -
Direct marketing
Meritech Mortgage Services, Inc. Texas Fort Worth,
Texas - Services
mortgage loans
Mortgage Finance, Inc. Virginia Richmond,
Virginia -
Broker/lender
services
Saxon Asset Securities Company Virginia Richmond,
Virginia -
Securitization
Saxon Holding, Inc. Virginia Richmond,
Virginia - Shell
company
State of Location and
Name Organization Nature of
Business
Subsidiary of Saxon Holding, Inc.
Saxon Mortgage, Inc. Virginia Richmond,
Virginia -
Mortgage
originations
Subsidiary of Saxon Mortgage, Inc.
Saxon Asset Allocation Corporation Virginia Richmond,
Virginia -
Mortgage loans
Subsidiaries of Dominion Land Management Company
Bridgeway Management Company Virginia Suffolk,
Virginia - Real
estate
management
Dominion Land Management
Company - Williamsburg Virginia James City
County, Virginia
- Real estate
management
Old North State Management Company Virginia New London,
North Carolina -
Real estate
management
Stonehouse Management Company Virginia Toano, Virginia
- Real estate
management
Waterford Management Company Virginia Houston, Texas -
Real estate
management
Subsidiaries of Trilon Dominion Partners, L.L.C.
Shepherd Surveillance Solutions, Inc. Nevada Manchester, New
Hampshire -
Digital imaging
software
Caldera Technologies Corp. Canada Covington,
10<PAGE>
Louisiana -
Water treatment
systems
Wilshire Technologies, Inc. California Carlsbad,
California -
Medical supplies
EPL Technologies, Inc. Colorado West
Conshohocken,
Pennsylvania -
Food processing
technologies
NutriCept, Inc. Delaware Dallas, Texas -
Nutriceuticals
Morrison International Pennsylvania Sarasota,
Florida -
Manufacture/
market vision
correction
systems
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
11<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Goodman Segar Hogan, Inc. (continued)
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
Air Cargo Associates Virginia Norfolk,
Virginia -
Operating
Partnership-Real
estate
Baxter Road Associates Virginia Norfolk,
Virginia -
Operating
Partnership-Real
estate
Goodman Segar Hogan of
Orlando, Inc. Virginia Norfolk,
Virginia -
Operating
partnership -
Real estate
Historic Towne Square Company Virginia Norfolk,
Virginia -
Operating
Partnership-Real
estate
American Storage Properties, Inc. Virginia Norfolk,
Virginia - Real
estate
investment
12<PAGE>
Goodman Segar Hogan of Virginia Norfolk,
Virginia
World Trade Center, Inc. - Real estate
investment
Goodman Segar Hogan of World
Trade Center Associates, L.P. Virginia Norfolk,
Virginia -
Operating
Partnership-
Real estate
Goodman Segar Hogan of Virginia Norfolk,
Virginia
Southern Shopping Center - Real estate
investment
13<PAGE>
State of Location and
Name Organization Nature of
Business
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 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 Investments, Inc.
HS Advisors III, Ltd. Virginia Norfolk,
Virginia - Real
estate
investment
Subsidiary of American Storage Properties, Inc.
GSH/American Storage Virginia Norfolk,
Virginia
Properties Associates, L.P. - Real 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, and
management
Subsidiary of Goodman Segar Hogan Hoffler, Inc.
GSHH Construction, Inc. Virginia Norfolk,
Virginia - Real
estate
construction
general partner
14<PAGE>
Subsidiary of GSHH Construction, Inc. and
Goodman Segar Hogan Hoffler L.P.
Goodman Segar Hogan Hoffler Virginia Norfolk,
Virginia
Construction, L.P. - Real estate
construction
Subsidiary of Edgen, Inc.
H-W Properties, Inc. Delaware Houston, Texas -
Real estate
investment
15<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiary of H-W Properties, Inc.
Waterford Harbor Realty, Inc. Texas Houston, Texas -
Real estate
management
Subsidiary of Virginia Financial Ventures, Inc. and NH
Capital, 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
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
Association, Inc. North Carolina New London,
North Carolina -
Homeowners
Association
Old North Builders, LLC Virginia New London,
North Carolina -
Construction
Management
Subsidiary of Dominion Lands, Inc. and Dominion
Lands-Williamsburg, Inc.
Governor's Land Associates Virginia Williamsburg,
Virginia - Land
Development
Subsidiaries of Governor's Land Associates
Dominion Construction Management
Company, LLC Virginia Williamsburg,
Virginia -
Construction
16<PAGE>
Company
The Governor's Land Foundation Virginia Williamsburg,
Virginia -
Homeowners
Association
17<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Governor's Land Associates (continued)
Two Rivers Club at The
Governor's Land Foundation Delaware Williamsburg,
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 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 Construction
Company Virginia Richmond,
Virginia -
General
contractor for
Kincaid
Dominion Energy Services Virginia Richmond,
Virginia
Company, Inc. (operates in - Operation and
West Virginia as DE Services maintenance
Company, Inc.) services for
nonutility power
projects
Dominion Demand Side Services, Inc. Virginia Richmond,
Virginia -
Energy
Conservation
Dominion Generating S.A. Argentina Buenos Aires,
18<PAGE>
Argentina -
Electric power
production in
Argentina
Dominion Black Warrior Basin, Inc. Alabama Tuscaloosa,
Alabama -
Methane gas
production
DEI Texas, Inc. Virginia Richmond,
Virginia - Shell
company
19<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Dominion Energy, Inc. (continued)
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
America, Inc. Belize, C.A. Belize City,
Belize - Equity
holding
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-Cogenerati
on
Luz Solar Partners Ltd., VII L.P. California Los Angeles,
California -
Solar electric
generation
Carthage Energy Services, Inc. Michigan Traverse City,
Michigan - Gas
marketing
Dominion Energy Peru Holdings, Inc. Virginia Peru - Equity
holding
Dominion Kincaid, Inc. Virginia Richmond,
Virginia -
Equity holding
Dominion Storage, Inc. Virginia Richmond,
Virginia -
Equity holding
20<PAGE>
company
Niton US, Inc. Virginia Richmond,
Virginia -
Equity holding
company
Inversiones Dominion Peru S.A. Peru Peru - Equity
holding company
21<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiary of Inversiones Dominion Peru S.A.
Egenor S.A. Peru Peru - Electric
power production
Subsidiary of Dominion Storage, Inc. and Niton US, Inc.
Niton Hub Services Company Canada Alberta, Canada
- Gas storage
facilities
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 Energy, Inc. and Dominion Kincaid, Inc.
Kincaid Generation, L.L.C. Virginia Kincaid,
Illinois - Power
generation in
the state of
Illinois
Subsidiaries of Dominion Energy Pty Ltd
Beaconsfield Energy Development
Pty Ltd Australia Queensland,
Australia - Oil
and gas
development
Dry Creek Transmission Pty Ltd Australia Queensland,
Australia -
Equity holding
Subsidiary of Dominion Cogen, Inc.
Texas Cogeneration Company Delaware Houston, Texas -
Cogeneration
Subsidiaries of Texas Cogeneration Company
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 Cogenron, Inc.
Texas Cogeneration Five Company Delaware Texas City,
Texas -
Cogeneration
plant
22<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiary of Enron Cogeneration One Company and Texas
Cogeneration Five Company
Texas City Cogeneration, L.P. Texas Texas City,
Texas -
Cogeneration
plant
Subsidiary of Texas Cogeneration Company 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
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 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 WV, Inc.
Morgantown Energy Associates West Virginia Morgantown, WV -
Cogeneration
Subsidiaries of Dominion Reserves, Inc.
Chesterfield Energy Corporation Delaware Jane Lew, West
Virginia - Oil
and gas
development
Dominion Appalachian
Development, Inc. Virginia Jane Lew, West
Virginia - Oil
and gas
23<PAGE>
development
Dominion Appalachian Development
Properties, LLC Virginia Jane Lew, West
Virginia - Oil
and gas
development
24<PAGE>
State of Location and
Name Organization Nature of
Business
Subsidiaries of Dominion Reserves, Inc. (continued)
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
Company West Virginia Clarksburg, West
Virginia - Oil
and gas
development
Stonewall Gas Company Virginia Clarksburg, West
Virginia - Oil
and gas
development
Cypress Energy, Inc. Virginia Richmond,
Virginia -
Oil/gas
development in
Louisiana
Dominion Reserves Gulf Coast, Inc. Virginia Richmond,
Virginia -
Offshore
investments in
oil and gas
exploration/dril
ling
Great Lakes Compression, Inc. Michigan Grand Rapids,
(DBA Wolverine Services Co.) Michigan - Oil
and gas
development
Great Lakes Energy
Development, Inc. Michigan Grand Rapids,
Michigan - Oil
and gas
development
Wolverine Environmental
Protection, Inc. Michigan Grand Rapids,
Michigan - Oil
and gas
development
Dominion Midwest Energy, Inc. Michigan Grand Rapids,
Michigan - Oil
25<PAGE>
and gas
development
Subsidiary of Dominion Reserves - Indiana, Inc.
GTG Pipeline Corporation Virginia Corydon, Indiana
- Gas pipeline
Subsidiary of Great Lakes Energy Development, Inc.
Wolverine Reserves, LLC Michigan Grand Rapids,
Michigan - Oil
and gas
development
26<PAGE>
State of Location and
Name Organization Nature of
Business
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
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 Cochabamba,
Bolivia -
Electric power
production
____________________________
(*) For the fiscal year ended December 31, 1997, the
revenues and income and net income of Dominion Capital, Inc.
(Dominion Capital), Dominion Energy, Inc. (Dominion Energy)
and their subsidiaries, as percentages of Dominion Resources'
consolidated revenues and income and net income, are as
27<PAGE>
follows:
28<PAGE>
Revenues and
income as % of Net income
as %
consolidated of
consolidated
Dominion Capital 3.9 11.3
Dominion Energy 4.3 11.3
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, as of
December 31, 1997 is as follows:
Dominion Resources owns all
of the issued and outstanding common stock of Virginia
Electric and Power Company, 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 has generation,
transmission and distribution facilities in each of those
states. Virginia Power also owns a fuel pier that extends
into navigable waters 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, diesel oil fueled and hydroelectric generating
facilities in Argentina, Belize, Bolivia and Peru and operates
these facilities, all through Exempt Wholesale Generators.
Dominion Reserves, Inc., a subsidiary of Dominion Energy is a
participant in oil and natural gas development programs in
Arkansas, the Gulf of Mexico, Kansas, Louisiana, Michigan,
Nevada, Ohio, Oklahoma, Pennsylvania, South Dakota, Texas,
Utah, West Virginia and Wyoming. East Midlands Electricity
29<PAGE>
plc (East Midlands) was purchased by Dominion Resources in the
first quarter of 1997. East Midlands' primary business is its
regulated electric power distribution and supply business in
an area covering 6,200 square miles. East Midlands is located
in the East Midlands region of the United Kingdom serving 2.3
million customers.
30<PAGE>
A more detailed description of the properties of, and a
discussion of the business of the Dominion Resources and its
subsidiaries (excluding East Midlands) , is found in the
Annual Report on Form 10-K (File No. 1-8489) for the fiscal
year ended December 31, 1996 which is on file with the SEC and
incorporated herein by this reference. A more detailed
description of East Midlands is found in Form 10-Q for the
quarter ended June 30, 1997 (File No. 1-8489) which is on file
with the SEC and incorporated herein by this reference.
3. The following information as
of December 31, 1997 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 85,962,124,000
(b) Number of kwh of electric energy distributed
at retail outside the State of Virginia 3,092,342,000
(c) Number of kwh of electric energy sold at
wholesale outside the State of Virginia
or at the State line 20,623,714,000
(d) Number of kwh of electric energy purchased
outside the State of Virginia or at the State
line 23,922,541,000
Gas
(a) Number of Mcf of natural or manufactured gas
distributed at retail -0-
(b) Number of Mcf of natural or manufactured gas
distributed at retail outside the State of Virginia -0-
(c) Number of Mcf or natural or manufactured gas
sold at wholesale outside the State of Virginia
or at the State line 80,018,845
(d) Number of Mcf of natural or manufactured gas
purchased outside the State of Virginia or at
the State line 99,621,919
4. The following information as of December 31, 1997 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:
31<PAGE>
32<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
Arenal Road
Benque Viejo del Carmen, Belize, C.A.
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 8,400 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.
33<PAGE>
34<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.
4. Name: Empresa Electrica Corani S.A.
Location: The facility 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.
5. Name: Egenor S.A.
Location: The eight generating facilities are located
in the northern portion of Peru.
Business address: Egenor S.A.
Oficina 401
Av. Pardo y Aliaga 699
San Isidro
Lima, Peru
Description: These 405 Mw generating facilities consist of
two 225 Mw run-of-river hydroelectric
stations with reinforced concrete dams, and
six other facilities with an aggregate
nominal power production of 180 Mw consisting
of diesel generators and combustion turbines.
All facilities are interconnected with the
Systemn Interconoctado Centra Norte, the
Peruvian wholesale transmission grid.
35<PAGE>
36<PAGE>
6. Name: East Midlands Electricity plc
Location: East Midlands is located in the east central
region of the United Kingdom, about 60 miles
from London.
Description: East Midlands is primarily a regulated
electric power distribution and supply
company consisting of 2.3 million customers
which are predominately residential, small
commercial and industrial consumers in a
6,200 square mile area.
(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.
51% ownership interest in
Inversiones Dominion Peru S.A.
Dominion Generating S.A. 100% 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.
Dominion U.K. Holding, Inc. 100% ownership interest in
East Midlands Electricity
plc
Patagonia Holding S.A. 59% ownership interest in
37<PAGE>
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# EG93-93-000.
38<PAGE>
Name Description of Interest Held
Inversiones Dominion 50% ownership interest in
Empresa
Bolivia S.A. Electrica Corani S.A. EWG#
EG95-59-000
Inversiones Dominion Peru S.A. 60%
ownership
interest in
Egenor S.A.
EWG# EG96-
79-000
(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.
DOMINION RESOURCES, INC.
ANALYSIS OF FOREIGN INVESTMENTS
AS OF DECEMBER 31, 1997
US$
DOMINION
RESOURCES
INVESTMENT
TYPE INVESTMENT AMOUNT DIRECT/INDIRECT
(Thousands)
Dominion Energy, Inc.
Belize Projects:
Stock $ 15,760 Indirect
Debt 23,372 Indirect
$ 39,132
Argentine Projects:
Stock $103,091 Indirect
Debt 27,787 Indirect
Letter-of-Credit(*) 10,000 Indirect
$140,878
Bolivian Projects:
Stock $ 59,173 Indirect
Peru Projects:
Stock $116,402 Indirect
Dominion U.K. Holding, Inc.
East Midlands
Paid in Capital $ 254,257 Indirect
Debt 857,097 Indirect
$1,111,354
____________
(*) The Letter-of-Credit is a Dominion Energy guarantee of
39<PAGE>
debt for the Central Termica Alto Valle Project.
40<PAGE>
(d) Capitalization and earnings of the EWG or foreign
utility company as of December 31, 1997.
(Thousands)
Capitalization:
Central Termica Alto Valle S.A.:
Stock $11,013
Letter-of-Credit 10,000
Debt 27,787
______
$48,800
======
Hidroelectrica Cerros Colorados S.A.:
Stock $72,703
======
Belize Electric Company Limited:
Stock $12,730
Debt Due Dominion Energy 23,372
_______
$36,102
======
Empresa Electrica Corani S.A.:
Stock $45,913
======
Egenor S.A.:
Stock $84,790
======
East Midlands
Paid in Capital $254,257
======
Earnings:
Central Termica Alto Valle S.A. $(1,435)
Hidroelectrica Cerros Colorados S.A. 2,483
Dominion Management Argentina S.A. (343)
Belize Electric Company Limited 1,439
Empresa Electrica Corani S.A. 7,806
Egenor S.A. 25,540
East Midlands (109,748)
(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).
41<PAGE>
1. 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 S.A. 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 (the Corani Agreement),
effective August 1, 1995, as amended, pursuant to which IDB
provides management services to Empresa Electrica Corani S.A.
for a quarterly fee of $10,286. Dominion Energy and IDB have
entered into an agreement, effective September 1, 1996,
pursuant to which Dominion Energy provides support to IDB for
the performance of IDB's obligations under the Corani
Agreement for a quarterly fee of $10,286.
42<PAGE>
EXHIBIT A
A consolidating statement of income and surplus of the
claimant and its subsidiary companies for the last calendar
year (1997), 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
27th day of February 1998.
DOMINION RESOURCES,
INC.
BY: JAMES L.
TRUEHEART
James L. Trueheart
Vice President and
Controller
Corporate Seal
Attest:
BY: PATRICIA A. WILKERSON
Patricia A. Wilkerson
Corporate Secretary
Name, title, and address of officer to whom notices and
correspondence concerning this statement should be addressed:
James L. Trueheart, Vice President and Controller
______________________________________________________________
__
(Name) (Title)
901 E. Byrd Street
P. O. Box 26532
Richmond, Virginia 23261-6532
43<PAGE>
44<PAGE>
<TABLE>
DOMINION RESOURCES, INC. Exhibit A
CONSOLIDATING STATEMENT OF INCOME - Form U-3A-2 Page 1 of 13
YEAR-TO-DATE ENDED DECEMBER 1997
(thousands)
<CAPTION>
VIRGINIA INTERCO.
DRI DCI DEI DOMUK POWER ELIMIN. CONSOL.
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES AND INCOME
Virginia Power $5,070,035 $5,070,035
East Midlands $1,970,130 1,970,130
Nonutility $295,682 $332,796 628,478
Total operating revenues and income 295,682 332,796 1,970,130 5,079,035 7,677,643
OPERATING EXPENSES
Fuel, net 1,620,697 1,620,697
Purchase power capacity, net 717,510 717,510
Accelerated cost recovery 38,438 38,438
Supply and distribution - East Midlands 1,466,088 1,466,088
Restructuring 18,357 18,357
Other operation and maintenance $15,582 118,231 165,056 126,128 812,713 1,237,710
Depreciation, depletion & amortization 1,189 17,492 85,048 131,275 584,306 819,310
Other taxes 670 2,909 11,271 267,698 282,548
Total operating expenses 17,441 138,632 261,375 1,723,491 4,059,719 6,200,658
Operating income (17,441) 157,050 71,421 246,639 1,019,316 1,476,985
OTHER INCOME AND EXPENSES
Virginia Power 0 14,189 14,189
East Midlands 10,853 10,853
Windfall profits tax 0 (156,641) (156,641)
Nonutility 20,221 4,471 $ ( 8,705
Total other income 20,221 0 4,471 (145,788) 14,189 (15,987) (122,894)
Income before fixed charges and
income taxes 2,780 157,050 75,892 100,851 1,033,505 (15,987) 1,354,091
FIXED CHARGES
Interest charges, net 23,124 91,746 34,903 189,446 304,231 (15,987) 627,463
Preferred dividends of Va. Power 0 35,753 35,753
Distributions-preferred securities of sub. t 1,213 10,868 12,081
Total fixed charges 24,337 91,746 34,903 189,446 350,852 (15,987) 675,297
Income before provision for income taxes
and minority interests (21,557) 65,304 40,989 (88,595) 682,653 678,794
Provision for income taxes (7,093) 20,242 (50,587) 21,153 249,293 233,008
Minority interests 0 46,575 0 46,575
Net income ($14,464) $45,062 $45,001 ($109,748) $433,360 $399,211
Earnings per share ($0.07) $0.24 $0.24 ($0.60) $2.34 $2.15
</TABLE>
<PAGE>
<TABLE>
DOMINION RESOURCES, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1997 (thousands) Exhibit A
Page 2 of 13
<CAPTION>
VIRGINIA INTERCO.
ASSETS DRI DCI DEI DOMUK POWER ELIMIN. CONSOL.
<S> <C> <C> <C> <C> <C> <C> <C>
Current
Cash and cash equivalents $22,263 $40,088 $74,786 $148,497 $36,012 $321,646
Trading securities 11,432 229,268 0 240,700
Customer accounts receivable, net 0 138,583 462,370 600,953
Other accounts receivable 10,381 10,375 83,414 133,082 108,009 (8,735) 336,526
Accrued unbilled revenues 0 245,213 245,213
Materials & supplies: 0
Plant and general 0 18,145 145,167 163,312
Fossil fuel 0 67,403 67,403
Mortgage loans in warehouse 0 88,229 88,229
Other 17,558 27,318 34,353 1,136 134,759 (6,050) 209,074
61,634 395,278 192,553 439,443 1,198,933 (14,785) 2,273,056
Investments
Investment in affiliates and partnerships 5,551,543 189,337 210,999 3,710 (5,551,581) 404,008
Inter-company advances 332,498 (332,498) 0
Available for sale securities 58 189,735 1,015 190,808
Nuclear decommissioning trust funds 569,107 569,107
Loans receivable, net 944,391 14,623 959,014
Investment in real estate 101,487 101,487
Other 2,232 128,703 50,535 449 38,301 (28,659) 191,561
5,886,331 1,553,653 276,157 5,174 607,408 (5,912,738) 2,415,985
Property, Plant and Equipment 65,934 51,977 1,507,445 2,221,451 15,648,519 23,942 19,519,268
Less accumulated depreciation
and amortization 15,631 16,265 439,748 83,945 6,429,351 1,696 6,986,636
50,303 35,712 1,067,697 2,137,506 9,219,168 22,246 12,532,632
Deferred Charges & Other Assets
Regulatory assets 0 776,648 776,648
Goodwill 0 101,250 27,394 1,803,403 1,932,047
Other 21,880 57,241 47,543 5,967 151,230 (21,483) 262,378
21,880 158,491 74,937 1,809,370 927,878 (21,483) 2,971,073
TOTAL ASSETS $6,020,148 $2,143,134 $1,611,344 $4,391,493 $11,953,387 ($5,926,760)$20,192,746
</TABLE>
<PAGE>
<TABLE>
DOMINION RESOURCES, INC., CONSOLIDATING BALANCE SHEET, DECEMBER 31, 1997 (thousands) Exhibit A
Page 3 of 13
<CAPTION>
LIABILITIES AND VIRGINIA INTERCO.
STOCKHOLDERS' EQUITY DRI DCI DEI DOMUK POWER ELIMIN. CONSOL.
<S> <C> <C> <C> <C> <C> <C> <C>
Current
Securities due within one year $1,153 $934,127 $19,860 $324,907 $333,500 $0 $1,613,547
Short-term debt 103,415 45,414 226,224 375,053
Accounts payable, trade 7,407 5,598 45,347 177,714 452,007 (8,735) 679,338
Accrued interest 1,939 10,086 11,900 68,963 95,141 (2,955) 185,074
Accrued taxes 0 6,496 12,387 76,043 7,410 102,336
Customer deposits 0 44,567 44,567
Severance costs accrued 0 0
Accrued payroll 0 107,174 107,174
Other 18,979 15,470 16,985 319,262 154,158 (6,240) 518,614
132,893 971,777 151,893 966,889 1,420,181 (17,930) 3,625,703
Long-Term Debt
Inter-company borrowings 200,884 129,924 0 (330,808) 0
Virginia Power 0 3,514,577 3,514,577
East Midlands 0 2,675,290 (1,690) 2,673,600
Nonrecourse-nonregulated 18,611 365,957 323,315 707,883
Other 557,732 (257,732) 300,000
576,343 566,841 453,239 2,675,290 3,514,577 (590,230) 7,196,060
Deferred Credits and Other Liabilities
Deferred income taxes 6,736 61,829 98,543 244,302 1,607,040 0 2,018,450
Investment tax credits 0 238,370 238,370
Other (379) 8,838 13,658 363,003 233,146 (21,469) 596,797
6,357 70,667 112,201 607,305 2,078,556 (21,469) 2,853,617
Total liabilities 715,593 1,609,285 717,333 4,249,484 7,013,314 (629,629) 13,675,380
Minority interest 0 397,231 5,646 402,877
Preferred Stock Subject to 0
Manadatory Redemption 180,000 180,000
Preferred Stock Not Subject to 0
Manadatory Redemption 509,014 509,014
Preferred Securities of Subsidiary Trusts 250,000 135,000 385,000
Stockholders' Equity
Common stock 3,681,336 8 208 2,737,407 (2,745,355) 3,673,604
Other paid-in capital 16,226 475,394 456,372 254,257 16,887 (1,202,910) 16,226
Accumulated translation adjustments (10,660) (9,410) (1,250) 10,660 (10,660)
Allowance on marketable 0 0
securities 7,269 6,908 420 (7,328) 7,269
Retained earnings 1,360,384 51,539 49,190 (116,644) 1,361,765 (1,352,198) 1,354,036
5,054,555 533,849 496,780 136,363 4,116,059 (5,297,131) 5,040,475
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $6,020,148 $2,143,134 $1,611,344 $4,391,493 $11,953,387 ($5,926,760)$20,192,746
</TABLE>
<PAGE>
<TABLE>
Exhibit A
Page 4 of 13
DOMINION RESOURCES, INC., CONSOLIDATING STATEMENT OF RETAINED EARNINGS, DECEMBER 31, 1997
(thousands)
<CAPTION>
VIRGINIA
DRI DCI DEI DOMUK POWER ELIMINATIONS CONSOL.
<S> <C> <C> <C> <C> <C> <C> <C>
Retained earnings at
Janaury 1, 1997 $1,441,009 $50,282 $53,982 ($315) $1,308,383 ($1,415,453) $1,437,888
Net income 398,404 45,062 45,001 (109,748) 433,360 (412,868) 399,211
Dividends (478,021) (43,129) (48,265) (6,581) (379,871) 477,846 (478,021)
Other (1,008) (676) (1,528) (107) (1,723) (5,042)
Retained earnings at
December 31, 1997 $1,360,384 $51,539 $49,190 ($116,644) $1,361,765 ($1,352,198) $1,354,036
</TABLE>
<PAGE>
<TABLE>
Dominion Capital, Inc. Exhibit A
Consolidating Statement of Income Page 5 of 13
Year To Date December 31, 1997
(In Thousands)
<CAPTION>
Financial Real Estate DCI
Services Vidalia Consolidated
<S> <C> <C> <C>
Operating Revenues and Income $249,550 $46,132 $295,682
Expenses:
Interest Charges 75,798 15,948 91,746
Real Estate Operations 0 7,812 7,812
Cost of Sales 1,681 19,537 21,218
Depreciation & Amortization 15,734 1,757 17,492
Administrative and General 88,683 3,428 92,110
Total Expenses 181,896 48,482 230,378
Income Before Provision
For Income Taxes 67,654 (2,350) 65,304
Provision for Income Tax 19,960 282 20,242
Net Income (Loss) 47,694 (2,632) 45,062
Retained Earnings at Beg of Year 67,346 (17,740) 49,606
Net Income (Loss) 47,694 (2,632) 45,062
Dividends Paid (43,129) 0 (43,129)
Retained Earnings at End of Year $71,911 ($20,372) $51,539
</TABLE>
<PAGE>
<TABLE>
Dominion Capital, Inc. Exhibit A
Consolidating Balance Sheet Page 6 of 13
As of December 31, 1997
(In thousands)
<CAPTION>
Financial Real Estate DCI
Services Vidalia Consolidated
<S> <C> <C> <C>
ASSETS:
Cash and Equivalents $37,018 $3,069 $40,088
Interest and Dividends Receivable 13,721 11,089 24,809
Income Tax Benefit 0 0 0
Short Term Marketable Securities 229,268 0 229,268
Loans Receivable 932,185 0 932,185
Mortgage Loans 88,229 0 88,229
Other 8,227 4,657 12,884
Current Assets 1,308,648 18,815 1,327,463
Investment in Subsidiaries 0 0 0
Notes Receivable - Intercompany 0 (0) (0)
Investment in Available for Sale Securities 189,735 0 189,735
Inv In Real Estate 28,600 72,887 101,487
Other 98,366 231,880 330,246
Investments 316,701 304,767 621,468
Property, Plant and Equipment 27,691 24,286 51,977
Accum Deprec PP&E (11,661) (4,604) (16,265)
Net Property, Plant and Equipment 16,030 19,682 35,712
Deferred Charges and Other Assets 153,147 5,344 158,491
Total Assets $1,794,526 $348,608 $2,143,134
</TABLE>
<PAGE>
<TABLE>
Dominion Capital, Inc. Exhibit A
Consolidating Balance Sheet Page 7 of 13
As of December 31, 1997
(In thousands)
<CAPTION>
Financial Real Estate DCI
Services Vidalia Consolidated
<S> <C> <C> <C>
LIABILITIES & SHAREHOLDERS' EQUITY:
Current Portion of Long Term Debt $750,094 $184,032 $934,125
Accrued Interest Payable 7,272 2,815 10,087
Accrued Taxes 1,188 5,308 6,496
Other 16,662 4,405 21,067
Total Current Liabilities 775,216 196,560 971,775
Borrowings - Intercompany 162,100 38,783 200,884
Other 321,379 44,579 365,959
Long Term Debt 483,479 83,363 566,842
Deferred Income Taxes 21,403 40,427 61,829
Other 6,530 2,309 8,839
Deferred Credits & Other Liabilities 27,932 42,736 70,668
Total Liabilities 1,286,627 322,658 1,609,285
Common Stock 8 0 8
Paid In Capital 429,072 46,322 475,394
Allowance on Marketable Securities 6,908 0 6,908
Retained Earnings 71,911 (20,372) 51,539
Total Shareholder's Equity 507,899 25,950 533,849
Total Liabilities & Shareholder's Equity $1,794,526 $348,608 $2,143,134
</TABLE>
<PAGE>
<TABLE>
DOMINION ENERGY, INC Exhibit A
CONSOLIDATING INCOME STATEMENT Page 8 of 13
YEAR-TO-DATE ENDED DECEMBER 31, 1997
(thousands)
<CAPTION>
COMBINED COMBINED COMBINED
DOMESTIC FOREIGN OIL AND CONSOLIDATED
DEI COGEN COGEN GAS ELIMINATIONS DEI
<S> <C> <C> <C> <C> <C> <C>
Revenues: $81,887 $9,965 $163,155 $153,461 ($75,672) $332,796
81,887 9,965 163,155 153,461 (75,672) 332,796
Operating Expenses:
Operating expenses 68,163 46,970 (979) 114,154
Contractual services (1,342) 198 1,423 2,536 2,815
Administrative and general 21,529 2,974 11,962 11,621 48,086
Depreciation and amortization (1,377) 1,928 26,281 58,216 85,048
Total Operating Expenses 18,810 5,100 107,829 119,343 (979) 250,103
Operating Income 63,077 4,865 55,326 34,118 (74,693) 82,693
Other Income (Expenses):
Interest charges 28,091 2,500 12,626 12,989 (21,302) 34,904
Other income (21,353) (5,942) (16,415) (2,015) 20,134 (25,591)
Other expenses 18,626 2,494 21,120
Other taxes 476 233 4,011 6,557 11,277
25,840 (3,209) 2,716 17,531 (1,168) 41,710
Income before provision for income taxes 37,237 8,074 52,610 16,587 (73,525) 40,983
Provision for income taxes (7,764) 1,278 (25,659) (18,449) (50,594)
Minority interest 34,290 142 12,144 46,576
Net income 45,001 6,796 43,979 34,894 (85,669) 45,001
Retained earnings at Jan 1, 1997 52,422 10,029 16,839 86,991 (112,299) 53,982
Net income 45,001 6,796 43,979 34,894 (85,669) 45,001
Dividends (48,265) 175 (175) (48,265)
Other 32 (521) (512) (527) (1,528)
Retained earnings at Dec 31, 1997 $49,190 $17,000 $60,297 $121,373 ($198,670) $49,190
</TABLE>
<PAGE>
<TABLE>
DOMINION ENERGY, INC Exhibit A
CONSOLIDATING BALANCE SHEET Page 9 of 13
DECEMBER 31, 1997 (thousands)
<CAPTION>
COMBINED COMBINED COMBINED
DOMESTIC FOREIGN OIL AND CONSOLIDATED
ASSETS DEI COGEN COGEN GAS ELIMINATIONS DEI
<S> <C> <C> <C> <C> <C> <C>
Current Assets
Cash and cash equivalents $447 $196 $65,802 $8,341 $74,786
Accounts receivable 19,126 8,680 23,902 49,496 (17,790) 83,414
Natural gas advances 15,059 15,059
Inventory 7,855 3,338 11,193
Other 1,781 81 2,834 3,405 8,101
21,354 8,957 100,393 79,639 (17,790) 192,553
Investments
Investment in subsidiaries 586,307 (586,307) 0
Investment in unconsolidated entities 83,690 111,923 15,386 210,999
Intercompany advances 305,036 15,439 21,924 (327,776) 14,623
Other 480 3,238 45,767 1,050 50,535
975,513 130,600 45,767 38,360 (914,083) 276,157
Properties, Plant and Equipment 1,915 921,990 583,540 1,507,445
Less: accumulated dep, depl and amort 1,034 247,860 190,854 439,748
881 0 674,130 392,686 0 1,067,697
Deferred Charges and Other Assets
Other 92 60,699 14,146 74,937
92 0 60,699 14,146 0 74,937
Total assets $997,840 $139,557 $880,989 $524,831 ($931,873) $1,611,344
</TABLE>
<PAGE>
<TABLE>
DOMINION ENERGY, INC Exhibit A
CONSOLIDATING BALANCE SHEET Page 10 of 13
DECEMBER 31, 1997 (thousands)
<CAPTION>
COMBINED COMBINED COMBINED
DOMESTIC FOREIGN OIL AND CONSOLIDATED
LIABILITIES DEI COGEN COGEN GAS ELIMINATIONS DEI
<S> <C> <C> <C> <C> <C> <C>
Current Liabilities
Accounts payable $848 $20 $8,405 $39,463 -$3,391 $45,345
Short-term debt 57,950 (12,536) 45,414
Securities due within one year 15,000 4,860 19,860
Accrued interest 7,115 169 3,754 3,380 (2,518) 11,900
Accrued taxes 3,297 (399) 6,702 2,787 12,387
Other 7,778 695 4,881 3,633 16,987
34,038 485 86,552 49,263 (18,445) 151,893
Long-term Debt
Intercompany borrowings 166,771 49,448 38,623 216,993 (341,909) 129,926
Other 255,000 60,370 7,943 323,313
421,771 49,448 98,993 224,936 (341,909) 453,239
Deferred Credits and Other Liab
Deferred income taxes 44,877 6,006 (13,006) 60,666 98,543
Other 374 7,444 817 5,023 13,658
45,251 13,450 (12,189) 65,689 0 112,201
Total liabilities 501,060 63,383 173,356 339,888 (360,354) 717,333
Minority interest 0 0 258,895 1,249 137,087 397,231
COMMON STOCKHOLDER'S EQUITY
Common stock 208 35,015 58,825 0 (93,840) 208
Other paid-in capital 456,371 24,509 347,439 62,220 (434,168) 456,371
Valuation allowance 420 420 (420) 420
Translation adjustments (9,409) (17,823) (320) 18,143 (9,409)
Retained earnings 49,190 16,650 60,297 121,374 (198,321) 49,190
Total Common Stockholder's Equity 496,780 76,174 448,738 183,694 (708,606) 496,780
Total Liab. & Stockholder's Equity $997,840 $139,557 $880,989 $524,831 ($931,873) $1,611,344
</TABLE>
<PAGE>
<TABLE>
DOMINION U.K. HOLDING. INC. Exhibit A
CONSOLIDATING STATEMENT OF INCOME Page 11 of 13
YEAR-TO-DATE ENDED DECEMBER 1997
(thousands)
<CAPTION>
Dominion U.K.
Dominion DR Group Holding, Inc.
DOMUK Energy - U.KDEI U.K. Holdings Eliminations Consolidated
<S> <C> <C> <C> <C> <C> <C>
OPERATING REVENUES $0 $0 $0 $1,970,130 $1,970,130
OPERATING EXPENSES
Supply and distribution 1,466,088 1,466,088
Other operation and maintenance 126,128 126,128
Depreciation, depletion & amortization 131,275 131,275
Total operating expenses 1,723,491 1,723,491
Operating income 246,639 246,639
OTHER INCOME AND EXPENSES
Other income (109,748) 81 82 10,853 109,585 10,853
Windfall profits tax (156,641) (156,641)
Total other income (109,748) 81 82 (145,788) 109,585 (145,788)
Income before interest charges and
income taxes (109,748) 81 82 100,851 109,585 100,851
Interest charges 189,446 189,446
Income before provision for income taxes
and minority interests (109,748) 81 82 (88,595) 109,585 (88,595)
Provision for income taxes 21,153 21,153
Minority interests 0 0
. .
Net income (109,748) 81 82 (109,748) 109,585 (109,748)
Retained earnings at January 1, 1997 (315) 0 0 (315) 315 (315)
Net Income (109,748) 81 82 (109,748) 109,585 (109,748)
Dividends (6,581) (6,581)
Retained earnings at December 31, 1997 ($116,644) $81 $82 ($110,063) $109,900 ($116,644)
</TABLE>
<PAGE>
<TABLE>
DOMINION U.K. HOLDING, INC. Exhibit A
BALANCE SHEET - Form U-3A-2 Page 12 of 13
Dececember 31, 1997
(thousands)
<CAPTION>
DR Dominion U.K.
Dominion U.KDominion Group Holding, Inc.
ASSETS Holding, IncEnergy - UKDEI - UK Holdings Eliminations Consolidated
<S> <C> <C> <C> <C> <C> <C>
Current
Cash and cash equivalents $0 $0 $0 $148,497 $0 $148,497
Stocks & work-in-progress 18,145 18,145
Interest receivable 973 973
Taxes receivable 81 82 163
Trade debtors 138,583 138,583
Other debtors 133,082 133,082
0 81 82 439,280 0 439,443
Investments
Associated companies 138,053 26,357 221,797 3,710 (386,207) 3,710
Due from parent 606 606 (1,212) 0
Marketable securities 1,015 1,015
Other investments 449 449
138,053 26,963 222,403 5,174 (387,419) 5,174
Fixed Assets
At cost 2,221,451 2,221,451
Accumulated depreciation (83,945) (83,945)
0 0 0 2,137,506 0 2,137,506
Deferred Charges and Other Assets
Deferred charges 5,967 5,967
Goodwill 1,803,403 1,803,403
0 0 0 1,809,370 0 1,809,370
TOTAL ASSETS $138,053 $27,044 $222,485 $4,391,330 ($387,419) $4,391,493
</TABLE>
<PAGE>
<TABLE>
DOMINION U.K. HOLDING, INC. Exhibit A
BALANCE SHEET - Form U-3A-2 Page 13 of 13
Dececember 31, 1997
(thousands)
<CAPTION>
DR
LIABILITIES AND Dominion U.KDominion Group
SHAREHOLDERS' EQUITY Holding, IncEnergy - UKDEI - UK Holdings Eliminations Consol.
<S> <C> <C> <C> <C> <C> <C>
Current
Interest payable $0 $0 $0 $68,963 $0 $68,963
Trade payables 177,714 177,714
Tax payable 76,043 76,043
Provisions 155,396 155,396
Other liabilities 165,078 (1,212) 163,866
0 0 0 643,194 (1,212) 641,982
Long-Term Debt
Long-term debt 2,726,579 2,726,579
Other borrowings 1,690 271,928 273,618
1,690 0 0 2,998,507 0 3,000,197
Deferred Taxes and Other Liabilties
Deferred taxes 244,302 244,302
Other liabilties 363,003 363,003
0 0 0 607,305 0 607,305
Minority Interest 33,768 (28,122) 5,646
Shareholders' Equity
Share capital 219,869 (219,869) 0
Paid in capital 254,257 26,963 222,403 (249,366) 254,257
Translation adjustment (1,250) (1,250) 1,250 (1,250)
Retained earnings (116,644) 81 82 (110,063) 109,900 (116,644)
136,363 27,044 222,485 108,556 (358,085) 136,363
TOTAL LIABILITIES
AND SHAREHOLDER'S EQUITY $138,053 $27,044 $222,485 $4,391,330 ($387,419) $4,391,493
</TABLE>
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 $20,193
2 Total Operating Revenue 7,678
3 Net Income 399<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.
DOMINION ENERGY, INC. 100%
Dominion Energy Services Company, Inc. 100%
Dominion Energy Central America, Inc. 100%
Belize Electric Company Limited 95%
Dominion Generating S.A. 99.916%
Patagonia Holding S.A. 100%
Hidroelectrica Cerros Colorados S.A. 59%
A.V. Holding S.A. 60%
Central Termica Alto Valle S.A. 90%
Dominion Management Argentina S.A. 99.916%
Inversiones Dominion Bolivia S.A. 100%
Empresa Electrica Corani S.A. 50%
Inversiones Dominion Peru S.A. 51%
Dominion Energy Peru Holdings, Inc. 100%
Inversiones Dominion Peru S.A. 97.6%
EGENOR S.A. 60%
DOMINION U.K. HOLDING, INC. 100%
East Midlands Electricity plc 100%<PAGE>
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