Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1999 and Ending December 31, 1999
--------------- -----------------
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
OF
GPU NUCLEAR, INC.
-----------------
(Exact Name of Reporting Company)
A Subsidiary Service Company
----------
("Mutual" or "Subsidiary")
Date of Incorporation September 11, 1980. If not Incorporated, Date of
Organization. ------------------
State or Sovereign Power under which Incorporated or Organized New Jersey
-----------
1 Upper Pond Road
Location of Principal Executive Offices of Reporting Co. Parsippany, NJ 07054
---------------------
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Comptroller 1 Upper Pond Road
D. M. Furlong Financial and Planning Services Parsippany, NJ 07054
- -----------------------------------------------------------------------------
(Name) (Title) (Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
GPU, INC.
---------
<PAGE>
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.- Rule 94 provides that on or before the first day of May
in each calendar year, each mutual service company and each subsidiary service
company as to which the Commission shall have made a favorable finding pursuant
to Rule 88, and every service company whose application for approval or
declaration pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instructions for that
form.
2. Number of Copies.- Each annual report shall be filed in duplicate. The
company should prepare and retain at least one extra copy for itself in case
correspondence with reference to the report become necessary.
3. Period Covered by Report.- The first report filed by any company shall
cover the period from the date the Uniform System of Accounts was required to be
made effective as to that company under Rules 82 and 93 to the end of that
calendar year. Subsequent reports should cover a calendar year.
4. Report Format.- Reports shall be submitted on the forms prepared by the
Commission. If the space provided on any sheet of such form is inadequate,
additional sheets may be inserted of the same size as a sheet of the form or
folded to such size.
5. Money Amounts Displayed.- All money amounts required to be shown in
financial statements may be expressed in whole dollars, in thousands of dollars
or in hundred thousands of dollars, as appropriate and subject to provisions of
Regulation S-X (S210.3-01(b)).
6. Deficits Displayed.- Deficits and other like entries shall be indicated
by the use of either brackets or a parenthesis with corresponding reference in
footnotes. (Regulation S-X, S210.3-01(c))
7. Major Amendments or Corrections.- Any company desiring to amend or
correct a major omission or error in a report after it has been filed with the
Commission shall submit an amended report including only those pages, schedules,
and entries that are to be amended or corrected. A cover letter shall be
submitted requesting the Commission to incorporate the amended report changes
and shall be signed by a duly authorized officer of the company.
8. Definitions.- Definitions contained in Instruction 01-8 to the Uniform
System of Accounts for Mutual Service Companies and Subsidiary Service
Companies, Public Utility Holding Company Act of 1935, as amended February 2,
1979 shall be applicable to words or terms used specifically within this Form
U-13-60.
9. Organization Chart.- The service company shall submit with each annual
report a copy of its current organization chart.
10. Methods of Allocation.- The service company shall submit with each
annual report a listing of the currently effective methods of allocation being
used by the service company and on file with the Securities and Exchange
Commission pursuant to the Public Utility Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.- The service
company shall submit with each annual report a copy of the annual statement
supplied to each associate company in support of the amount of compensation for
use of capital billed during the calendar year.
<PAGE>
2
- --------------------------------------------------------------------------------
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS Page
--------------------------------------------- Number
- --------------------------------------------------------------------------------
Description of Schedules and Accounts Schedule or
Account Number
- --------------------------------------------------------------------------------
COMPARATIVE BALANCE SHEET Schedule I 4-5
- -------------------------
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE STATEMENT OF INCOME Schedule XV 20
- -------------------------------
ANALYSIS OF BILLING - ASSOCIATE COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE
AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT
OR SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27-27D
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
<PAGE>
3
- --------------------------------------------------------------------------------
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Page
- -------------------------------------------- Number
- --------------------------------------------------------------------------------
Description of Reports or Statements
- --------------------------------------------------------------------------------
ORGANIZATION CHART 36
- ------------------
METHODS OF ALLOCATION 37
- ---------------------
ANNUAL STATEMENT OF COMPENSATION FOR USE 38
- ----------------------------------------
OF CAPITAL BILLED
- -----------------
VENTURE DISCLOSURES 39
- -------------------
FINANCIAL DATA SCHEDULE - FILED VIA EDGAR
- -----------------------
NOTE: Dollar figures in this report are shown in thousands unless otherwise
noted.
<PAGE>
4
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
- --------------------------------------------------------------------------------
SCHEDULE I - COMPARATIVE BALANCE SHEET
--------------------------------------
Give balance sheet of the Company as of December 31 of the current and prior
year.
- -------------------------------------------------------------------------------
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
- -------------------------------------------------------------------------------
CURRENT PRIOR
----------- ------
SERVICE COMPANY PROPERTY
------------------------
101 Service company property (Schedule II) $ - $ -
107 Construction work in progress (Schedule II) - -
------ ------
Total Property - -
------ ------
108 Less accumulated provision for depreciation
and amortization of service company
property (Schedule III) - -
------ ------
Net Service Company Property - -
------ ------
INVESTMENTS
-----------
123 Investment in associate companies (Schedule IV) - -
124 Other investments (Schedule IV) 1,436 1,467
----- ------
Total Investments 1,436 1,467
----- -----
CURRENT AND ACCRUED ASSETS
--------------------------
131 Cash - -
134 Special deposits 169 317
135 Working funds 43 55
136 Temporary cash investments (Schedule IV) - -
141 Notes receivable - -
143 Accounts receivable 425 2,714
144 Accumulated provision for uncollectible
accounts - -
146 Accounts receivable from associate
companies (Schedule V) 63,210 61,730
152 Fuel stock expenses undistributed (Schedule VI) - -
154 Materials and supplies - -
163 Stores expense undistributed (Schedule VII) - -
165 Prepayments - -
174 Miscellaneous current and accrued
assets (Schedule VIII) - -
------ ------
Total Current and Accrued Assets 63,847 64,816
------ ------
DEFERRED DEBITS
---------------
181 Unamortized debt expense - -
184 Clearing accounts 53 84
186 Miscellaneous deferred debits (Schedule IX) 1,447 1,312
188 Research, development, or demonstration
expenditures (Schedule X) - -
190 Accumulated deferred income taxes 31,655 31,876
------ ------
Total Deferred Debits 33,155 33,272
------ ------
TOTAL ASSETS AND OTHER DEBITS $ 98,438 $ 99,555
====== ======
================================================================================
<PAGE>
5
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
- --------------------------------------------------------------------------------
SCHEDULE I - COMPARATIVE BALANCE SHEET
---------------------------------------
Give balance sheet of the Company as of December 31 of the current and prior
year.
- --------------------------------------------------------------------------------
ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL AS OF DECEMBER 31
- --------------------------------------------------------------------------------
CURRENT PRIOR
----------- --------
PROPRIETARY CAPITAL
-------------------
201 Common stock issued (Schedule XI) $ 50 $ 50
211 Miscellaneous paid-in-capital (Schedule XI) - -
215 Appropriated retained earnings (Schedule XI) 4 -
216 Unappropriated retained earnings (Schedule XI) - -
------ ------
Total Proprietary Capital 54 50
------ ------
LONG-TERM DEBT
--------------
223 Advances from associate companies (Schedule XII) - -
224 Other long-term debt (Schedule XII) - -
225 Unamortized premium on long-term debt - -
226 Unamortized discount on long-term debt-debit - -
------ ------
Total Long-term Debt - -
------ ------
CURRENT AND ACCRUED LIABILITIES
-------------------------------
231 Notes payable - -
232 Accounts payable 36,982 42,457
233 Notes payable to associate
companies (Schedule XIII) - -
234 Accounts payable to associate
companies (Schedule XIII) 11,404 12,362
236 Taxes accrued 572 2,149
237 Interest accrued 451 718
238 Dividends declared - -
241 Tax collections payable 243 180
242 Miscellaneous current and accrued
liabilities (Schedule XIII) 24,463 21,025
------ ------
Total Current and Accrued Liabilities 74,115 78,891
------ ------
DEFERRED CREDITS
----------------
253 Other deferred credits 23,598 19,946
255 Accumulated deferred investment tax credits - -
------ ------
Total Deferred Credits 23,598 19,946
------ ------
282 ACCUMULATED DEFERRED INCOME TAXES 671 668
--------------------------------- ------ ------
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL $98,438 $99,555
====== ======
<PAGE>
6
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE II - SERVICE COMPANY PROPERTY
- --------------------------------------------------------------------------------
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES -- YEAR
- -------------------------------------------------------------------------------
SERVICE COMPANY PROPERTY
- ------------------------
Account
301 ORGANIZATION $ - $ - $ - $ - $ -
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT 2/ - - - - -
-
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY 3/
- ----- ---- ---- ---- ----
SUB-TOTAL - - - - -
----- ---- ---- ---- ----
107 CONSTRUCTION WORK
IN PROGRESS 4/
-
----- ---- ---- ---- ----
TOTAL $ - $ - $ - $ - $ -
===== ==== ==== ==== ====
- --------------------------------------------------------------------------------
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
-
- --------------------------------------------------------------------------------
<PAGE>
7
- --------------------------------------------------------------------------------
SCHEDULE II - SERVICE COMPANY PROPERTY - CONTINUED
--------------------------------------------------
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE
COMPANY SHALL PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING
THE YEAR AND THE BALANCE AT THE CLOSE OF THE YEAR:
- --------------------------------------------------------------------------------
BALANCE AT
CLOSE OF
S U B A C C O U N T D E S C R I P T I O N ADDITIONS YEAR
- -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
- -
N/A
- --------------------------------------------------------------------------------
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
- -
N/A
- --------------------------------------------------------------------------------
<PAGE>
8
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
------------------
- --------------------------------------------------------------------------------
SCHEDULE III - ACCUMULATED PROVISION FOR DEPRECIATION AND
---------------------------------------------------------
AMORTIZATION OF SERVICE COMPANY PROPERTY
----------------------------------------
- --------------------------------------------------------------------------------
BALANCE AT ADDITIONS BALANCE
BEGINNING CHARGED OTHER CHANGES CLOSE OF
DESCRIPTION OF YEAR TO RETIREMENTS ADD (DEDUCT)1/ YEAR
ACCOUNT 403 -
- --------------------------------------------------------------------------------
Account
- -------
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT
308 OFFICE FURNITURE
AND EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND
RELATED GARAGE
EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER SERVICE
COMPANY PROPERTY
- --------------------------------------------------------------------------------
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
- -
N/A
- --------------------------------------------------------------------------------
<PAGE>
9
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE IV - INVESTMENTS
-------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
- --------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- -------------------------------------------------------------------------------
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES
NONE
ACCOUNT 124 - OTHER INVESTMENTS
COMPANY OWNED LIFE INSURANCE - $ 303 $ 303
CASH SURRENDER VALUE
RABBI TRUST 950 954
HEALTH CARE RESERVE 214 179
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
NONE
----- -----
TOTAL $1,467 $1,436
===== =====
- --------------------------------------------------------------------------------
<PAGE>
10
- --------------------------------------------------------------------------------
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
---------------------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided
accommodation or convenience payments for associate companies, a
separate listing of total payments for each associate company by
subaccount should be provided.
- --------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- ---------------------------------------------------------------------------
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES
JERSEY CENTRAL POWER & LIGHT COMPANY $15,581 $ -
METROPOLITAN EDISON COMPANY 36,934 53,571
PENNSYLVANIA ELECTRIC COMPANY 5,926 4,477
GPU, INC. - 152
GPU SERVICE, INC. 3,153 4,942
GPU INTERNATIONAL, INC. 136 68
----- ------
TOTAL $61,730 $63,210
====== ======
- --------------------------------------------------------------------------------
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
--------
NONE
- --------------------------------------------------------------------------------
<PAGE>
11
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
-----------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
fuel stock expenses during the year and indicate amount
attributable to each associate company. Under the section headed
"Summary" listed below give an overall report of the fuel
functions performed by the service company.
- --------------------------------------------------------------------------------
D E S C R I P T I O N LABOR EXPENSES TOTAL
- --------------------------------------------------------------------------------
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
NONE
- --------------------------------------------------------------------------------
SUMMARY:
- --------------------------------------------------------------------------------
<PAGE>
12
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
-------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable
to each associate company.
- --------------------------------------------------------------------------------
D E S C R I P T I O N LABOR EXPENSES TOTAL
- --------------------------------------------------------------------------------
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED $ 4,860 $ 958 $ 5,818
JERSEY CENTRAL POWER & LIGHT CO. (2,951) (458) (3,409)
METROPOLITAN EDISON CO. (1,273) (333) (1,606)
PENNSYLVANIA ELECTRIC CO. (636) (167) (803)
NOTE: Stores expenses are billed back to the
associated companies in the month incurred.
----- ------ ------
TOTAL $ - $ - $ -
====== ====== =====
- --------------------------------------------------------------------------------
<PAGE>
13
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE VIII - MISCELLANEOUS CURRENT AND ACCRUED ASSETS
--------------------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
- --------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- ------------------------------------------------------------------------------
ACCOUNT 174 - MISCELLANEOUS CURRENT AND ACCRUED
ASSETS
NONE
- --------------------------------------------------------------------------------
<PAGE>
14
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
-------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class showing the number of items in each
class.
- --------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- --------------------------------------------------------------------------------
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Payments made to vendors which
will be distributed to various
expense accounts in subsequent
months $ - $ 322
Restricted Stock Program - Deferral 681 726
Accumulated provision for injuries
and damages-worker's compensation - 382
Babcock & Wilcox Owners' Group -
Deferred Costs 17 17
Provide Services to Public Service
of Colorado in connection with
Ft. St. Vrain - Deferred Costs 11 -
TMI-1 Divestiture Incremental Cost 603 -
---- -----
TOTAL $1,312 $1,447
===== =====
- --------------------------------------------------------------------------------
<PAGE>
15
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE X - RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
----------------------------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide a description of each material research, development, or
demonstration project which incurred costs by the service
corporation during the year.
- --------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- --------------------------------------------------------------------------------
ACCOUNT 188-RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
B&W Owners Group Activities $ 1,581
EPRI 1,213
BWR Owners Group Activities 198
PWR Materials Reliability Project 59
Jersey Central Power & Light Company (1,225)
Metropolitan Edison Company (1,217)
Pennsylvania Electric Company (609)
NOTE: Research and development expenses are
billed back to the associate companies
in the month incurred.
------
TOTAL $ -
======
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
16
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -----------------------------------------------------------------------------------------------------------------------
SCHEDULE XI - PROPRIETARY CAPITAL
---------------------------------
- -----------------------------------------------------------------------------------------------------------------------
NUMBER OF PAR OR STATED
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE OUTSTANDING CLOSE OF PERIOD
----------------------------
AUTHORIZED PER SHARE NO.OF SHARES TOTAL AMOUNT
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 2,500 $20* 2,500 $50
===== == ===== ===
<FN>
- -----------------------------------------------------------------------------------------------------------------------
INSTRUCTIONS: Classify amounts in each account with brief explanation,
disclosing the general nature of transactions which gave rise to
the reported amounts.
</FN>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
ACCOUNT 211 -- MISCELLANEOUS PAID-IN CAPITAL NONE
ACCOUNT 215 -- APPROPRIATED RETAINED EARNINGS
Net unrealized gain on investment (Rabbi Trust) $ 4
- -----------------------------------------------------------------------------------------------------------------------
<FN>
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year,
distinguishing between compensation for the use of capital owed
or net loss remaining from servicing nonassociates per the
General Instructions of the Uniform System of Accounts. For
dividends paid during the year in cash or otherwise, provide rate
percentage, amount of dividend, date declared and date paid.
</FN>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
BALANCE AT NET INCOME BALANCE AT
D E S C R I P T I O N BEGINNING OR DIVIDENDS CLOSE OF
OF YEAR (LOSS) PAID YEAR
- -----------------------------------------------------------------------------------------------------------------------
ACCOUNT 216 -- UNAPPROPRIATED RETAINED EARNINGS
NONE
* In Whole Dollars
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
17
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- ---------------------------------------------------------------------------------------------------------------------------------
SCHEDULE XII- LONG-TERM DEBT
- ---------------------------------------------------------------------------------------------------------------------------------
<FN>
INSTRUCTIONS: Advances from associate companies should be reported separately
for advances on notes, and advances on open account. Names of
associate companies from which advances were received shall be
shown under the class and series of obligation column. For
Account 224 - Other long term debt provide the name of creditor
company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and
outstanding.
</FN>
- ---------------------------------------------------------------------------------------------------------------------------------
TERMS OF OBLIG DATE BALANCE AT BALANCE AT
NAME OF CREDITOR CLASS & SERIES OF INTEREST AMOUNT BEGINNING 1/ CLOSE
OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS DEDUCTIONS OF YEAR
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C>
ACCOUNT 223 -- ADVANCES FROM ASSOCIATE
COMPANIES:
NONE
ACCOUNT 224 -- OTHER LONG-TERM DEBT:
NONE
- ---------------------------------------------------------------------------------------------------------------------------------
1/ GIVE AN EXPLANATION OF DEDUCTIONS:
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
18
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
-----------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current and
accrued liabilities. Items less than $10,000 may be grouped,
showing the number of items in each group.
- --------------------------------------------------------------------------------
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE OF
OF YEAR YEAR
- --------------------------------------------------------------------------------
ACCOUNT 233 --NOTES PAYABLE TO ASSOCIATE COMPANIES
NONE
- --------------------------------------------------------------------------------
ACCOUNT 234 --ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
JERSEY CENTRAL POWER & LIGHT CO. - $ 9,343
GPU SERVICE, INC. $12,343 2,061
GPU, INC. 19 -
TOTAL $12,362 $11,404
====== ======
- --------------------------------------------------------------------------------
ACCOUNT 242 -- MISCELLANEOUS CURRENT AND ACCRUED
LIABILITIES
ACCRUALS -- OFFICERS DEFERRED COMPENSATION $ 1,214 $ 1,062
-- INSURANCE (397) 371
-- VACATION PAY 11,607 5,947
-- SICK PAY 888 506
-- BONUS PAY/INCENTIVE COMPENSATION 7,611 14,589
-- SEVERANCE PAY 102 1,988
------ ------
TOTAL $21,025 $24,463
====== ======
- --------------------------------------------------------------------------------
<PAGE>
19
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS
--------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: The space below is provided for important notes regarding the
financial statements or any account thereof. Furnish particulars
as to any significant contingent assets or liabilities existing
at the end of the year. Notes relating to financial statements
shown elsewhere in this report may be indicated here by
reference.
- --------------------------------------------------------------------------------
In 1999, GPU sold its Three Mile Island Unit 1 nuclear generating station to
AmerGen Energy Company, LLC (AmerGen), a joint venture of PECO Energy and
British Energy, for a total purchase price of approximately $100 million.
In October 1999, GPU agreed to sell the Oyster Creek nuclear generating station
to AmerGen for $10 million and reimbursement of the cost (estimated at $88
million) of the next refueling outage. This transaction is subject to the
receipt of various federal and state regulatory approvals.
- --------------------------------------------------------------------------------
<PAGE>
20
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE XV - COMPARATIVE STATEMENT OF INCOME
---------------------------------------------
- --------------------------------------------------------------------------------
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
- --------------------------------------------------------------------------------
INCOME
------
457 Services rendered to associate companies $355,622 $368,742
458 Services rendered to nonassociate
companies 424 157
421 Miscellaneous income or loss 151 102
------- -------
Total Income 356,197 369,001
------- -------
EXPENSE
-------
920 Salaries and wages 124,984 116,639
921 Office supplies and expenses 89,924 100,907
922 Administrative expense transferred --
credit 35,093 32,874
923 Outside services employed 70,122 65,105
924 Property insurance - 8
925 Injuries and damages (863) 747
926 Employee pensions and benefits 13,716 28,910
928 Regulatory commission expense - -
930.1 General advertising expenses - -
930.2 Miscellaneous general expenses 10,273 10,234
931 Rents 4,266 4,475
932 Maintenance of structures and equipment - -
403 Depreciation and amortization expense - -
408 Taxes other than income taxes 7,749 8,557
409 Income taxes 71 2,825
410 Provision for deferred income taxes 4,988 2,379
411 Provision for deferred income taxes --
credit (4,764) (5,618)
411.5 Investment tax credit - -
426.1 Donations 190 183
426.5 Other deductions 157 377
427 Interest on long-term debt - -
430 Interest on debt to associate
companies - -
431 Other interest expense 291 399
------- -------
Total Expense 356,197 369,001
------- -------
Net Income or (Loss) $ - $ -
======= =======
<PAGE>
21
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 457 - ANALYSIS OF BILLING - ASSOCIATE COMPANIES
-------------------------------------------------------
- --------------------------------------------------------------------------------
DIRECT INDIRECT COMPENSATION TOTAL
COSTS COSTS FOR USE AMOUNT
NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED
------- -------- ------------ ------
457-1 457-2 457-3
- --------------------------------------------------------------------------------
NUCLEAR RELATED ACTIVITIES
- --------------------------
GPU SERVICE, INC. $ 240 $ - $ - $ 240
GPU GENERATION, INC. 255 21 - 276
JERSEY CENTRAL POWER
& LIGHT COMPANY 177,522 17,740 - 195,262
METROPOLITAN EDISON COMPANY 94,541 7,306 - 101,847
PENNSYLVANIA ELECTRIC COMPANY 47,508 3,653 - 51,161
SAXTON NUCLEAR EXP. CORP. 4,894 158 - 5,052
------- ------ ------ -------
SUBTOTAL 324,960 28,878 - 353,838
NON-NUCLEAR RELATED ACTIVITIES
- ------------------------------
GPU GENERATION, INC. 1,323 171 - 1,494
JERSEY CENTRAL POWER
& LIGHT COMPANY 66 8 - 74
METROPOLITAN EDISON COMPANY 61 7 - 68
PENNSYLVANIA ELECTRIC COMPANY 132 16 - 148
------- ------ ------ -------
SUBTOTAL 1,582 202 - 1,784
------- ------ ------ -------
TOTAL $326,542 $29,080 $ - $355,622
======= ====== ====== =======
<PAGE>
<TABLE>
<CAPTION>
22
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -----------------------------------------------------------------------------------------------------------
ACCOUNT 458 - ANALYSIS OF BILLING - NONASSOCIATE COMPANIES
----------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------
DIRECT INDIRECT COMPENSATION EXCESS
COSTS COSTS FOR USE TOTAL OR
NAME OF NONASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY TOTAL
------- ------- ------------ ---- ---------- AMOUNT
458-1 458-2 458-3 458-4 BILLED
- -----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
* PECO/Limerick Outage Support $258 $36 - $294 $ - $294
* PECO/Environmental Radioactivity
Laboratory Analyses
and Dosimetry Services 59 10 - 69 (33) 36
* Edison Mission Energy/Homer
City Work 29 - - 29 - 29
Various - Including Other Environmental
Radioactivity Laboratory Analyses
and Dosimetry Services 43 - - 43 22 65
------- ------- ------------ ---- ---------- ------
$389 $46 - $435 $(11) $424
======= ======= =========== ===== ========= =======
- -----------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
23
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------------------------------------------------
SCHEDULE XVI - ANALYSIS OF CHARGES FOR SERVICE - ASSOCIATE AND NONASSOCIATE COMPANIES
-------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES TOTAL CHARGES FOR SERVICE
---------------------------- ---------------------------- ---------------------------
DIRECT INDIRECT DIRECT INDIRECT DIRECT INDIRECT
DESCRIPTION OF ITEMS COST COST TOTAL COST COST TOTAL COST COST TOTAL
- ----------------------------------------------------------------------------------------------------------------------------------
<S>> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $118,581 $ 5,985 $124,566 $374 $44 $418 $118,955 $ 6,029 $124,984
921 OFFICE SUPPLIES AND EXPENSES 86,962 2,945 89,907 15 2 17 86,977 2,947 89,924
922 ADMINISTRATIVE EXPENSE
TRANSFERRED - CREDIT 27,760 7,333 35,093 - - - 27,760 7,333 35,093
923 OUTSIDE SERVICES EMPLOYED 59,698 10,424 70,122 - - - 59,698 10,424 70,122
924 PROPERTY INSURANCE - - - - - - - - -
925 INJURIES AND DAMAGES (813) (50) (863) - - - (813) (50) (863)
926 EMPLOYEE PENSIONS AND BENEFITS 12,667 1,049 13,716 - - - 12,667 1,049 13,716
928 REGULATORY COMMISSION EXPENSE - - - - - - - - -
930.1 GENERAL ADVERTISING EXPENSES - - - - - - - - -
930.2 MISCELLANEOUS GENERAL EXPENSES 10,266 7 10,273 - - - 10,266 7 10,273
931 RENTS 4,223 43 4,266 - - - 4,223 43 4,266
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT - - - - - - - - -
403 DEPRECIATION AND AMORTIZATION
EXPENSE - - - - - - - - -
408 TAXES OTHER THAN INCOME TAXES 6,991 758 7,749 - - - 6,991 758 7,749
409 INCOME TAXES - 71 71 - - - - 71 71
410 PROVISION FOR DEFERRED INCOME
TAXES - 4,988 4,988 - - - - 4,988 4,988
411 PROVISION FOR DEFERRED INCOME
TAXES - CREDIT - (4,764) (4,764) - - - - (4,764) (4,764)
411.5 INVESTMENT TAX CREDIT - - - - - - - - -
426.1 DONATIONS 190 - 190 - - - 190 - 190
426.5 OTHER DEDUCTIONS 157 - 157 - - - 157 - 157
427 INTEREST ON LONG-TERM DEBT - - - - - - - - -
431 OTHER INTEREST EXPENSE - 291 291 - - - - 291 291
<FN>
- ------------------------------------
INSTRUCTION: Total cost of service will equal
for associate and nonassociate
companies the total amount billed
under their separate analysis of
billing schedules.
</FN>
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TOTAL EXPENSES = 326,682 29,080 355,762 389 46 435 327,071 29,126 356,197
------- ------ ------- ---- -- --- ------- ------- -------
COMPENSATION FOR USE OF
EQUITY CAPITAL = - - - - - - - - -
------- ------ ------- ---- -- --- ------- ------- -------
430 INTEREST ON DEBT TO ASSOCIATE
COMPANIES = - - - - - - - - -
------- ------ ------- ---- -- --- ------- ------- -------
TOTAL COST OF SERVICE = $326,682 $29,080 $355,762 $389 $46 $435 $327,071 $29,126 $356,197
======== ======= ======== ==== === ==== ======== ======= ========
- ------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
24
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
------------------------------------------------------------------------------------------------------
SCHEDULE XVII-SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION
--------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------
D E P A R T M E N T OR S E R V I C E F U N C T I O N
---------------------------------------------------------
TOTAL OFFICE OF OYSTER THREE MILE
D E S C R I P T I O N O F I T E M S AMOUNT OVERHEAD PRESIDENT CREEK ISLAND
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $124,984 $ 6,029 $6,245 $34,633 $33,203
921 OFFICE SUPPLIES AND EXPENSES 89,924 2,947 426 5,507 6,923
922 ADMINISTRATIVE EXPENSE TRANSFERRED -
CREDIT 35,093 7,333 - - -
923 OUTSIDE SERVICES EMPLOYED 70,122 10,424 1,612 5,508 17,468
924 PROPERTY INSURANCE - - - - -
925 INJURIES AND DAMAGES (863) (50) (43) (245) (227)
926 EMPLOYEE PENSIONS AND BENEFITS 13,716 1,049 918 5,409 4,802
928 REGULATORY COMMISSION EXPENSE - - - - -
930.1 GENERAL ADVERTISING EXPENSE - - - - -
930.2 MISCELLANEOUS GENERAL EXPENSES 10,273 7 10,012 9 8
931 RENTS 4,266 43 1 482 531
932 MAINTENANCE OF STRUCTURES AND
EQUIPMENT - - - - -
403 DEPRECIATION AND AMORTIZATION
EXPENSE - - - - -
408 TAXES OTHER THAN INCOME TAXES 7,749 758 362 2,079 1,921
409 INCOME TAXES 71 71 - - -
410 PROVISION FOR DEFERRED INCOME TAXES 4,988 4,988 - - -
411 PROVISION FOR DEFERRED INCOME TAXES
- CREDIT (4,764) (4,764) - - -
411.5 INVESTMENT TAX CREDIT - - - - -
426.1 DONATIONS 190 - 190 - -
426.5 OTHER DEDUCTIONS 157 - - - -
427 INTEREST ON LONG-TERM DEBT - - - - -
430 INTEREST ON DEBT TO ASSOCIATE
COMPANIES - - - - -
431 OTHER INTEREST EXPENSE 291 291 - - -
- ----------------------------
INSTRUCTION: Indicate each department or service
function. (See Instruc- tion 01-3
General Structure of Accounting
System: Uniform System Account)
- ----------------------------
- -------------------------------------------------------------------------------------------------------
TOTAL EXPENSES = $356,197 $29,126 $19,723 $53,382 $64,629
- ---------------------------- ======== ======= ======= ======= =======
</TABLE>
<PAGE>
25
ANNUAL REPORT OF GPU NUCLEAR, INC.
----------------
For the Year Ended December 31, 1999
------------------
- --------------------------------------------------------------------------------
SCHEDULE XVII-SCHEDULE OF EXPENSE DISTRIBUTION BY DEPARTMENT OR SERVICE FUNCTION
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
D E P A R T M E N T OR S E R V I C E F U N C T I O N
- ------------------------------------------------------------------
FINANCIAL HUMAN
ACCOUNT & PLANNING & ADMIN
NUMBER ENGINEERING SERVICES SERVICES
- ---------------------------------------------------------------
920 $ 31,888 $ 175 $12,811
921 24,203 1,191 48,727
922 35,865 - (8,105)
923 29,598 613 4,899
924 - - -
925 (220) 1 (79)
926 5,198 5 (3,665)
928 - - -
930.1 - - -
930.2 260 - (23)
931 745 16 2,448
932 - - -
403 - - -
408 1,964 (7) 672
409 - - -
410 - - -
411 - - -
411.5 - - -
426.1 - - -
426.5 - - 157
427 - - -
430 - - -
431 - - -
- --------------------------------------------------------------
TOTAL $129,501 $ 1,994 $57,842
===== ======== ======= =======
<PAGE>
<TABLE>
<CAPTION>
26
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- ------------------------------------------------------------------------------------------
ACCOUNT 920 - DEPARTMENTAL ANALYSIS OF SALARIES
-----------------------------------------------
- ------------------------------------------------------------------------------------------
DEPARTMENTAL SALARY EXPENSE
----------------------------------------------- NUMBER
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
- ------------------ ----------------------------------- ---------
Indicate each department TOTAL PARENT OTHER NON END OF
or service function. AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Office of President $ 8,267 - $ 8,267 $ - 45
Oyster Creek 34,652 - 34,652 - 426
Three Mile Island 33,196 32,834 362 4
Financial & Planning Services 2,561 - 2,561 - 18
Human & Administrative Services 13,751 - 13,751 - 147
Engineering 32,557 32,501 56 201
------- -- ------- ----- ------
TOTAL $124,984 - $124,566 $ 418 841
======= === ======= ===== =====
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
27
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------------
ACCOUNT 923 - OUTSIDE SERVICES EMPLOYED
---------------------------------------
- -------------------------------------------------------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included
within one subaccount is less than $100,000, only the aggregate
number and amount of all such payments included within the
subaccount need be shown. Provide a subtotal for each type of
service.
- -------------------------------------------------------------------------------------
RELATIONSHIP
--------------
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
- -------------------------------------------------------------------------------------
Legal
- -----
<S> <C> <C> <C>
Berlack, Israels & Liberman Legal Fees Associated with TMI-1 NA $ 283
Divestiture Incremental Costs.
Shaw Pittman Potts & Legal Fees Associated with Oyster NA 224
Trowbridge Creek and TMI-1 Licensing.
Winston and Strawn Legal Fees Associated with Oyster NA 155
Creek and TMI-1 Licensing.
12 Vendors Not Applicable. NA 218
---
(Less than $100,000)
Subtotal 880
---
Engineering
- -----------
Altran Corp. Equipment Reliability Programs TMI-1. NA 221
Andres V. Du Bouchet Mechanical/Structural Support. NA 199
ASTA Engineering, Inc. Year 2000 Compliance. NA 201
Bechtel Power Corp. Prepare Project Plans. NA 111
C.W. Allen Associates, Inc. Final Safety Analysis Report NA 132
Ch.14 Review and Update.
Duke Engineering Services, Engineering Support. NA 882
Inc.
Enercon Services, Inc. Equipment Reliability System Owners, NA 447
Mechanical/Structural Support.
EQE International, Inc. Mechanical/Structural Support. NA 133
Finetech, Inc. Radwaste Augmented Off Gas NA 189
Operations-Oyster Creek.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
27A
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------------
ACCOUNT 923 - OUTSIDE SERVICES EMPLOYED
---------------------------------------
- -------------------------------------------------------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services
employed. If the aggregate amounts paid to any one payee and
included within one subaccount is less than $100,000, only the
aggregate number and amount of all such payments included
within the subaccount need be shown. Provide a subtotal for
each type of service.
- -------------------------------------------------------------------------------------
RELATIONSHIP
-------------
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
- -------------------------------------------------------------------------------------
Engineering (Continued)
-----------------------
<S> <C> <C> <C>
Flowserve Red Corp. Plant Maintenance. NA 130
Framatome Cogema Fuels Nuclear Fuels Activities. NA 277
Framatome Technologies, Inc. Outage Support. NA 7,223
GE International, Inc. Material & Install-High Pressure NA 1,823
Nozzle Plate Replacement.
General Electric Company Plant Maintenance. NA 805
Holtec International Design Engineering. NA 857
The Marley Cooling Tower Co. Engr. & Mngt.-Refurbish/Inspect NA 175
Natural Draft Cooling Tower.
Master-Lee Energy Services Engr.-Main Condenser NA 156
Preserv 13R Outage.
MPR Associates, Inc. Design Engineering. NA 455
Parsons Power Group, Inc. Final Safety Analysis Report NA 852
Ch.14 Review and Update.
Raytheon Engineers & Mechanical/Structural Support. NA 1,026
Constructors
Sargent & Lundy Year 2000 and Equipment Reliability. NA 350
22 Vendors Not Applicable. NA 639
------
(Less than $100,000)
Subtotal 17,283
------
Other Professional/Outside Services
-----------------------------------
Abel Personnel Agency Tool Room Support to 10R Outage. NA 166
Amergen Energy Company, Inc. Radwaste Removal/Amergen Support. NA 1,203
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
27B
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------------
ACCOUNT 923 - OUTSIDE SERVICES EMPLOYED
---------------------------------------
- -------------------------------------------------------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services
employed. If the aggregate amounts paid to any one payee and
included within one subaccount is less than $100,000, only the
aggregate number and amount of all such payments included
within the subaccount need be shown. Provide a subtotal for
each type of service.
- -------------------------------------------------------------------------------------
RELATIONSHIP
-------------
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
- -------------------------------------------------------------------------------------
Other Professional/Outside Services (Continued)
-----------------------------------------------
<S> <C> <C> <C>
American Crane & Equipment Corrective/Preventative Maintenance NA 226
Company TMI-1.
ATG, Inc. Radwaste Removal. NA 2,981
Bartlett Nuclear, Inc. Radcon and Outage Support. NA 1,554
Brady & Associates OP-Special Projects. NA 212
Brand Fire Protection Thermo-Lag Material, Design & NA 630
Services, Inc. Engineering.
Canus Corp. Year 2000 Compliance. NA 155
Cetrom Consulting Electrical Power & Instrumentation NA 132
Engineering, Inc. Configuration Control Support.
CFS Utility Services Year 2000 Compliance. NA 149
Chem-Nuclear Systems, Inc. Low Level Radwaste Storage Building NA 1,502
Operations.
Chem-Nuclear Systems L.L.C. Radwaste Removal. NA 1,275
Chubb Institute HR Educational Assistance. NA 264
Cooperheat - MQS, Inc. 13R Outage Support. NA 174
Deist Associates, Inc. Nuclear Safety & Compliance NA 438
Committee Contractors.
Demag Delaval Turbomachinery Material & Install.-High Pressure NA 816
Corp. Spill Strip and Packing.
Eastern Applications, Inc. TMI-2 Post Defueling Monitored NA 185
Storage.
Ecolochem, Inc. Water treatment - TMI. NA 161
Electro Mechanical Division Material Rotating Element NA 207
Replacement.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
27C
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------------
ACCOUNT 923 - OUTSIDE SERVICES EMPLOYED
---------------------------------------
- -------------------------------------------------------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services
employed. If the aggregate amounts paid to any one payee and
included within one subaccount is less than $100,000, only the
aggregate number and amount of all such payments included
within the subaccount need be shown. Provide a subtotal for
each type of service.
- -------------------------------------------------------------------------------------
RELATIONSHIP
------------
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
- -------------------------------------------------------------------------------------
Other Professional/Outside Services (Continued)
-----------------------------------------------
<S> <C> <C> <C>
Electric Power Research EPRI R&D Program. NA 535
Institute
Frank W. Hake, Inc. Radwaste Removal/Processing. NA 210
Genex Corp. Electrical Power & Instrumentation NA 139
Configuration Control Support.
George B. Skinner Electrical Power & Instrumentation NA 191
Configuration Control Support.
GPU Generation, Inc. Valve Maintenance. A 125
GPU Service, Inc. Corporate & Information Services. A 12,091
GTS Duratek Bear Creek, Inc. Radwaste Processing Services. NA 349
The Hartford Steam Boiler In-Service Inspections. NA 178
Henry B. Shipman, Inc. Install/Rotating Element NA 102
Replacement, Year 2000 Compliance.
IMC International, Inc. Safety & Risk Analysis NA 129
Equipment Reliability Support.
Institute of Nuclear Power Operator Training. NA 152
Operations
Integra Technologies, Inc. High Pressure Turbine and Standards. NA 114
Interim Career Services Inc. Career Succession Planning. NA 197
Interstate Nuclear Services Radwaste Removal. NA 335
J. Davis Consultants, Inc. Consulting Services. NA 1,057
J. Givoo Consultants, Inc. Consulting Services. NA 230
Morgan Stanley & Company, TMI-1 Divestiture Incremental Costs. NA 410
Inc.
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
27D
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------------
ACCOUNT 923 - OUTSIDE SERVICES EMPLOYED
---------------------------------------
- -------------------------------------------------------------------------------------
INSTRUCTIONS: Provide a breakdown by subaccount of outside services
employed. If the aggregate amounts paid to any one payee and
included within one subaccount is less than $100,000, only the
aggregate number and amount of all such payments included
within the subaccount need be shown. Provide a subtotal for
each type of service.
- -------------------------------------------------------------------------------------
RELATIONSHIP
------------
"A"=ASSOCIATE
FROM WHOM PURCHASED TYPE OF SERVICE/LARGEST INVOICE "NA"- NON AMOUNT
ASSOCIATE
- -------------------------------------------------------------------------------------
Other Professional/Outside Services (Continued)
-----------------------------------------------
<S> <C> <C> <C>
NPS Energy Services, Inc. High Pressure Turbine and Standards. NA 828
PECO Energy Company Preventative Maintenance. NA 368
Precision Surveillance Corp. Rev.1, RB Tendon Surveillance. NA 295
Raytheon Nuclear, Inc. Outage Support. NA 12,375
Scientech, Inc. Electrical Power & Instrumentation NA 394
Configuration Control Support.
S.G. Pinney & Associates Materials & Install-ECCS NA 308
Suction Strainers.
Synergy Consulting Services OP/Special Projects. NA 109
Vanstar Corp. Lease/Maintenance Hardware. NA 138
WD Associates, Inc. Director & Staff/ NA 591
Operator Training-Oyster Creek.
Welding Services, Inc. ISO Condenser Bundle Replacement. NA 120
Westinghouse Electric Corp. Installation Rotating Element/ NA 219
Refurbish Cartridge Seal Assembly.
The Westwind Group, Inc. Operator Training. NA 581
Woodward-Clyde Consultants, Oyster Creek Divestiture Incremental NA 520
Inc. Costs.
Xerox Corp. Reprographics Services. NA 231
YIS, Inc. Instrumentation/Maintenance. NA 161
703 Vendors Not Applicable. NA 5,747
------
(Less than $100,000)
Subtotal 51,959
------
TOTAL $70,122
======
- -------------------------------------------------------------------------------------
</TABLE>
<PAGE>
28
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- -------------------------------------------------------------------------------
ACCOUNT 926 - EMPLOYEE PENSIONS AND BENEFITS
--------------------------------------------
- -------------------------------------------------------------------------------
INSTRUCTIONS: Provide a listing of each pension plan and benefit program
provided by the service company. Such listing should be
limited to $25,000.
- -------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- -------------------------------------------------------------------------------
HOSPITAL, SURGICAL, MEDICAL AND DENTAL INSURANCE $ 6,302
PENSION PLAN (4,379)
O.P.E.B. - HEALTH INSURANCE 4,751
EMPLOYEE SAVINGS PLAN (COMPANY MATCHING) 2,916
LIFE INSURANCE 1,252
LONG-TERM DISABILITY (INCOME/MEDICAL/NJ) (1,014)
O.P.E.B. - LIFE INSURANCE 2,433
EDUCATIONAL ASSISTANCE 724
CAFETERIA SUPPLEMENT 316
EMPLOYEE ASSOCIATIONS & ACTIVITIES 163
EMPLOYEE ASSISTANCE PROGRAM 106
MANAGEMENT INITIATIVES FOR EMPLOYEES 47
OTHER BENEFITS (Under $25,000) 99
TOTAL $13,716
======
<PAGE>
29
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 930.1 - GENERAL ADVERTISING EXPENSES
--------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items
according to the nature of the advertising and as defined in
the account definition. If a particular class includes an
amount in excess of $3,000 applicable to a single payee,
show separately the name of the payee and the aggregate
amount applicable thereto.
- --------------------------------------------------------------------------------
D E S C R I P T I O N NAME OF PAYEE AMOUNT
- --------------------------------------------------------------------------------
NONE
-----
TOTAL -
====
- --------------------------------------------------------------------------------
<PAGE>
30
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 930.2 - MISCELLANEOUS GENERAL EXPENSES
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted
by Section 321 (b) (2) of the Federal Election Campaign Act,
as amended by Public Law 94-283 in 1976 (2 U.S.C.S. 441 (b)
(2) shall be separately classified.
- --------------------------------------------------------------------------------
D E S C R I P T I O N AMOUNT
- --------------------------------------------------------------------------------
Licenses, Permits and Registrations
United States Nuclear Regulatory Commission $ 7,310
Federal Emergency Management Agency 281
Commonwealth of Pennsylvania 189
PA Emergency Management Agency 94
Association Membership Fees and Dues
Institute of Nuclear Power Operations 2,132
Nuclear Energy Institute 267
-------
TOTAL $10,273
======
- --------------------------------------------------------------------------------
<PAGE>
31
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
------------------
- --------------------------------------------------------------------------------
ACCOUNT 931 - RENTS
-------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as
defined in the account definition of the Uniform System of
Accounts.
- --------------------------------------------------------------------------------
T Y P E O F P R O P E R T Y AMOUNT
- --------------------------------------------------------------------------------
BUILDING AND OFFICE SPACE 1,903
COMPUTER EQUIPMENT 936
DUPLICATING EQUIPMENT 428
MOBILE EQUIPMENT 236
MISCELLANEOUS 763
-------
TOTAL $ 4,266
======
- --------------------------------------------------------------------------------
<PAGE>
32
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 408 - TAXES OTHER THAN INCOME TAXES
-------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTION: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other
than U.S. Government taxes, and (2) U.S. Government taxes.
Specify each of the various kinds of taxes and show the
amounts thereof. Provide a subtotal for each class of tax.
- --------------------------------------------------------------------------------
K I N D O F T A X AMOUNT
- --------------------------------------------------------------------------------
(1) OTHER THAN U.S. GOVERNMENT TAXES
--------------------------------
Pennsylvania Sales and Use Tax $ 333
Pennsylvania Unemployment Insurance 227
New Jersey Unemployment Insurance 127
------
Sub Total 687
------
(2) TAXES - U.S. GOVERNMENT
-----------------------
FICA 6,980
Federal Unemployment Insurance 82
------
Sub Total 7,062
------
-------
TOTAL $ 7,749
======
- --------------------------------------------------------------------------------
<PAGE>
33
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 426.1 - DONATIONS
-------------------------
- --------------------------------------------------------------------------------
INSTRUCTION: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000 may
be shown in lieu of details.
- --------------------------------------------------------------------------------
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
- --------------------------------------------------------------------------------
GPU FOUNDATION COMMUNITY SERVICES $ 72
UNITED WAY COMMUNITY SERVICES 22
BLUE AND GOLD CLUB COMMUNITY SERVICES 5
BOYS & GIRLS CLUB OF CENTRAL PA COMMUNITY SERVICES 5
107 0RGANIZATIONS (LESS THAN $3,000) COMMUNITY SERVICES 56
32 INSTITUTIONS (LESS THAN $3,000) EDUCATIONAL 30
---
----
TOTAL $190
===
- --------------------------------------------------------------------------------
<PAGE>
34
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ACCOUNT 426.5 - OTHER DEDUCTIONS
--------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5,
"Other Deductions", classifying such expenses according to
their nature.
- --------------------------------------------------------------------------------
D E S C R I P T I O N NAME OF PAYEE AMOUNT
- --------------------------------------------------------------------------------
LOBBYING EXPENSES PRIMARILY EMPLOYEE WAGES
& EXPENSES 87
SETTLEMENT CLAIMS VARIOUS EMPLOYEES 58
AUDIT PENALTY ASSESSMENT COMMONWEALTH OF PA 12
TOTAL $157
===
- --------------------------------------------------------------------------------
<PAGE>
35
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
SCHEDULE XVIII - NOTES TO STATEMENT OF INCOME
---------------------------------------------
- --------------------------------------------------------------------------------
INSTRUCTIONS: The space below is provided for important notes regarding the
statement of income or any account thereof. Furnish particulars
as to any significant increase in services rendered or expenses
incurred during the year. Notes relating to financial statements
shown elsewhere in this report may be indicated here by
reference.
- --------------------------------------------------------------------------------
In 1999, GPU sold its Three Mile Island Unit 1 nuclear generating station to
AmerGen Energy Company, LLC (AmerGen), a joint venture of PECO Energy and
British Energy, for a total purchase price of approximately $100 million.
In October 1999, GPU agreed to sell the Oyster Creek nuclear generating station
to AmerGen for $10 million and reimbursement of the cost (estimated at $88
million) of the next refueling outage. This transaction is subject to the
receipt of various federal and state regulatory approvals.
- --------------------------------------------------------------------------------
<PAGE>
36
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ORGANIZATION CHART
------------------
- --------------------------------------------------------------------------------
----------------------------------------
| | |
| | BOARD OF DIRECTORS |
|----| |
| |----------------------------------------|
| | |
|___| PRESIDENT AND |
| | CHIEF EXECUTIVE OFFICER |
| |----------------------------------------|
| | |
|-| DIRECTOR OYSTER CREEK |
| |----------------------------------------|
| | |
|-| COMPTROLLER |
| | FINANCIAL AND PLANNING SERVICES |
| |----------------------------------------|
| | |
|-| DIRECTOR HUMAN AND |
| | ADMINISTRATIVE SERVICES |
| |----------------------------------------|
| | |
|-| DIRECTOR ENGINEERING |
| | DIRECTOR NUCLEAR SAFETY ASSESSMENT |
|-|----------------------------------------|
Note: In 1999, GPU sold its Three Mile Island Unit 1 nuclear generating station
to AmerGen Energy Company, LLC.
- --------------------------------------------------------------------------------
<PAGE>
37
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
METHODS OF ALLOCATION
---------------------
- --------------------------------------------------------------------------------
The allocation of expenses not directly attributable to a particular
nuclear station are based, by division, on the direct charging of that
division's manpower. When corporate costs have been allocated to the plants, a
fixed rate is calculated to apply to total direct costs. This rate is derived by
dividing the estimated corporate costs by the estimated plant direct costs. The
overhead rate is reviewed periodically and revised as appropriate to fully
allocate costs by year-end.
- --------------------------------------------------------------------------------
<PAGE>
38
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
----------------------------------------------------------
- --------------------------------------------------------------------------------
NONE
- --------------------------------------------------------------------------------
<PAGE>
39
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
- --------------------------------------------------------------------------------
VENTURE DISCLOSURES
- --------------------------------------------------------------------------------
Pursuant to the provisions contained in the Securities and Exchange Commission
(SEC) order dated September 14, 1990 for SEC File No. 70-7720, GPU Nuclear
provided certain laboratory services to Jersey Central Power & Light Company,
Metropolitan Edison Company and Pennsylvania Electric Company in 1999 in support
of their generating stations, transmission and distribution divisions and other
non-nuclear functions. This support service ceased with the closing of the
laboratory in August 1999. Revenues realized in 1999 from providing these
services are shown separately under "Non-Nuclear Related Activities" on page 21
of this report.
GPU Nuclear did not enter into any transactions or recognize any revenues in
1999 for activities related to non-nuclear technical, training, management or
consulting services to associated companies, which is authorized in the SEC
order dated May 7, 1997 for SEC File No. 70-8425.
Pursuant to the provisions contained in the SEC orders dated August 29, 1990 for
SEC File No. 70-7675, November 6, 1991 for SEC File No. 70-7847, January 31,
1992 for SEC File No. 70-7905, May 21, 1993 for SEC File No. 70-8115 and October
17, 1994 for SEC File No. 70-8393, the following are descriptions of services
provided to Non-Affiliated Entities. Revenues realized in 1999 from providing
these services are shown separately on page 22 of this report.
Brief Descriptions of Services Rendered to Nonassociated Companies
------------------------------------------------------------------
Nonassociated Company Description
- --------------------- -------------
PECO Energy Company Limerick Outage Support
PECO Energy Company Environmental Radioactivity
Laboratory Analyses and
Dosimetry Services
Edison Mission Energy Homer City Work
Various Including Other Environmental
Radioactivity Laboratory Analyses
and Dosimetry Services.
- --------------------------------------------------------------------------------
<PAGE>
ANNUAL REPORT OF GPU NUCLEAR, INC.
-----------------
For the Year Ended December 31, 1999
-----------------
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and Exchange
Commission issued thereunder, the undersigned company has duly caused this
report to be signed on its behalf by the undersigned officer thereunto duly
authorized.
GPU NUCLEAR, INC.
-----------------
(Name of Reporting Company)
By: /s/ D. M. Furlong
------------------
(Signature of Signing Officer)
D. M. Furlong, Comptroller Financial and Planning Services
----------------------------------------------------------
(Printed Name and Title of Signing Officer)
Date: April 26, 2000
---------------
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000722766
<NAME> GPU NUCLEAR, INC.
<MULTIPLIER> 1,000
<CURRENCY> US DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 0
<TOTAL-INVESTMENTS> 1,436
<TOTAL-CURRENT-ASSETS> 63,847
<TOTAL-DEFERRED-DEBITS> 33,155
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 98,438
<TOTAL-PROPRIETARY-CAPITAL> 54
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 74,115
<TOTAL-DEFERRED-CREDITS> 23,598
<DEFERRED-INCOME-TAX> 671
<TOT-LIABIL-AND-PROPRIET-CAP> 98,438
<SERVICES-ASSOCIATE-COMPANIES> 355,622
<SERVICES-NON-ASSOCIATE-COMP> 424
<MISC-INCOME-OR-LOSS> 151
<TOTAL-INCOME> 356,197
<SALARIES-AND-WAGES> 124,984
<EMPLOYEE-PENSION-AND-BENEFIT> 13,716
<OTHER-EXPENSES> 217,497
<TOTAL-EXPENSES> 356,197
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 327,071
<TOTAL-EXPENSES-INDIRECT-COST> 29,126
<TOT-EXP-DIRECT-AND-INDIRECT> 356,197
<PERSONNEL-END-OF-YEAR> 841 <F1>
<FN>
<F1> ACTUAL.
</FN>
</TABLE>
