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Exhibit 99.A
(EXHIBIT A)
December 31, 1999 ORGANIZATION CHART
A.1 Bay State Gas Company (Consolidated)
A.2 Bay State Gas Company
A.3 Northern Utilities, Inc.
<TABLE>
<CAPTION>
A.1 BAY STATE GAS COMPANY
CONSOLIDATED BALANCE SHEET
December 31, 1999
(Dollars in Thousands)
ASSETS
<S> <C>
Utility Plant $1,343,884
Less-Accumulated provision for
depreciation and amortization 255,520
----------
Total Utility Plant 1,088,364
----------
Other property, at cost, less accumulated
provision for depreciation 4,583
----------
Total Property, Plant and Equipment 1,092,947
----------
Investments:
Investments, at cost 34
----------
Total Investments 34
----------
Current Assets:
Cash and accounts receivable 62,379
Gas cost adjustment clause 46,697
Materials and supplies, at average cost 4,828
Natural gas in storage 29,068
Prepayments and other 5,929
----------
Total Current Assets 148,901
----------
Other Assets:
Regulatory assets 17,515
Intangible assets, less accumulated provision
for amortization 5,094
Deferred charges and other 45,357
----------
Total Other Assets 67,966
----------
TOTAL ASSETS $1,309,848
==========
<CAPTION>
CAPITALIZATION AND LIABILITIES
<S> <C>
Capitalization:
Additional paid-in-capital $ 526,772
Retained earnings 2,665
Long-term debt, excluding amounts due within one year 239,834
----------
Total Capitalization 769,271
----------
Current Liabilities:
Current portion of long-term debt 124,333
Accounts payable 44,992
Dividends declared on common stocks 1,000
Customer deposits 2,166
Taxes accrued 4,998
Interest accrued 5,063
Other 48,496
----------
Total Current Liabilities 231,048
----------
Other:
Deferred income taxes 287,649
Deferred investment tax credits, being
amortized over life of related property 4,071
Other noncurrent liabilities 17,809
----------
Total Other 309,529
----------
TOTAL CAPITALIZATION AND LIABILITIES $1,309,848
==========
</TABLE>
<TABLE>
<CAPTION>
A.1 BAY STATE GAS COMPANY
CONSOLIDATED INCOME STATEMENT
For the year ended December 31, 1999
(Dollars in Thousands)
<S> <C>
Gas revenues $ 331,433
Cost of gas sold 193,688
----------
137,745
----------
Transportation revenues 31,540
Other operating revenues 20,626
----------
52,166
----------
Operating Margin 189,911
----------
Operating Expenses and Taxes (except income):
Operation 85,427
Maintenance 8,091
Depreciation and amortization 41,278
Taxes (except income) 13,341
----------
148,137
----------
Operating income 41,774
----------
Other Income (Deductions):
Interest expense, net (21,468)
Other, net 4,731
----------
(16,737)
----------
Income before income taxes 25,037
----------
Income Taxes 10,264
----------
Net Income 14,773
==========
</TABLE>
<TABLE>
<CAPTION>
A.1 BAY STATE GAS COMPANY
CONSOLIDATED STATEMENT OF RETAINED EARNINGS
For the year ended December 31, 1999
(Dollars in Thousands)
<S> <C>
Balance at Beginning of Year $ 226,606
Net Income 14,773
Common shares dividends (8,800)
Merger NiSource Inc. 296,858
----------
Balance at End of Year $ 529,437
==========
</TABLE>
<TABLE>
<CAPTION>
A.2 BAY STATE GAS COMPANY
BALANCE SHEET
December 31, 1999
(Dollars in Thousands)
ASSETS
<S> <C>
Utility Plant $1,105,372
Less-Accumulated provision for
depreciation and amortization 217,867
----------
Total Utility Plant 887,505
----------
Other property, at cost, less accumulated
provision for depreciation 1,285
----------
Total Property, Plant and Equipment 888,790
----------
Investments:
Investments, at equity 109,458
Investments, at cost 32
----------
Total Investments 109,490
----------
Current Assets:
Cash and cash equivalents 2,801
Accounts receivable 62,031
Gas cost adjustment clause 42,193
Materials and supplies, at average cost 3,891
Natural gas in storage 18,884
Prepayments and other 3,756
----------
Total Current Assets 133,556
----------
Other Assets:
Regulatory assets 8,931
Intangible assets 3,686
Deferred charges and other 41,571
----------
Total Other Assets 54,188
----------
TOTAL ASSETS $1,186,024
==========
<CAPTION>
CAPITALIZATION AND LIABILITIES
<S> <C>
Capitalization:
Additional paid-in-capital $ 526,772
Retained earnings 2,665
Long-term debt, excluding amounts due within one year 193,500
----------
Total Capitalization 722,937
----------
Current Liabilities:
Current portion of long-term debt 116,800
Accounts payable 42,491
Customer deposits 1,598
Taxes accrued 2,026
Interest accrued 4,250
Other 36,462
----------
Total Current Liabilities 203,627
----------
Other:
Deferred income taxes 241,829
Deferred investment tax credits 3,734
Other noncurrent liabilities 13,897
----------
Total Other 259,460
----------
TOTAL CAPITALIZATION AND LIABILITIES $1,186,024
==========
</TABLE>
<TABLE>
<CAPTION>
A.2 BAY STATE GAS COMPANY
INCOME STATEMENT
For the year ended December 31, 1999
(Dollars in Thousands)
<S> <C>
Gas revenues $ 266,243
Cost of gas sold 154,821
----------
111,422
----------
Transportation revenues 27,685
Other operating revenues 19,325
----------
47,010
----------
Operating Margin 158,432
----------
Operating Expenses and Taxes (except income):
Operation 70,180
Maintenance 7,033
Depreciation and amortization 33,362
Taxes (except income) 10,240
----------
120,815
----------
Operating income 37,617
----------
Other Income (Deductions):
Interest expense, net (18,233)
Other, net 4,615
----------
(13,618)
----------
Income before income taxes 23,999
----------
Income Taxes 9,226
----------
Net Income 14,773
==========
</TABLE>
<TABLE>
<CAPTION>
A.2 BAY STATE GAS COMPANY
STATEMENT OF RETAINED EARNINGS
For the Year
Ended December 31, 1999 (Dollars in Thousands)
<S> <C>
Balance at Beginning of Year $ 226,606
Net Income 14,773
Common shares dividends (8,800)
Merger NiSource Inc. 296,858
----------
Balance at End of Year $ 529,437
==========
</TABLE>
<TABLE>
<CAPTION>
A.3 NORTHERN UTILITIES, INC.
BALANCE SHEET
December 31, 1999
(Dollars in Thousands)
ASSETS
<S> <C>
Utility Plant $ 238,319
Less-Accumulated provision for
depreciation and amortization 37,645
----------
Total Utility Plant 200,674
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Other property, at cost, less accumulated
provision for depreciation 3,298
----------
Total Property, Plant and Equipment 203,972
----------
Investments:
Investments, at cost 2
----------
Total Investments 2
----------
Current Assets:
Cash and accounts receivable 6,291
Gas cost adjustment clause 4,504
Materials and supplies, at average cost 937
Natural gas in storage 10,183
Prepayments and other 2,173
----------
Total Current Assets 24,088
----------
Other Assets:
Regulatory assets 8,584
Intangible assets 1,408
Deferred charges and other 3,786
----------
Total Other Assets 13,778
----------
TOTAL ASSETS $ 241,840
==========
<CAPTION>
CAPITALIZATION AND LIABILITIES
<S> <C>
Capitalization:
Common shares without par value $ 1
Additional paid-in-capital 109,062
Retained earnings 200
Long-term debt, excluding amounts due within one year 46,333
----------
Total Capitalization 155,596
----------
Current Liabilities:
Current portion of long-term debt 7,533
Accounts payable 11,256
Dividends declared on common stocks 1,000
Customer deposits 568
Taxes accrued 2,971
Interest accrued 813
Other 12,035
----------
Total Current Liabilities 36,176
----------
Other:
Deferred income taxes 45,820
Deferred investment tax credits 337
Other noncurrent liabilities 3,911
----------
Total Other 50,068
----------
TOTAL CAPITALIZATION AND LIABILITIES $ 241,840
==========
</TABLE>
<TABLE>
<CAPTION>
A.3 NORTHERN UTILITIES, INC.
INCOME STATEMENT
For the year ended December 31, 1999
(Dollars in Thousands)
<S> <C>
Gas revenues $ 65,190
Cost of gas sold 38,867
----------
26,323
----------
Transportation revenues 3,855
Other operating revenues 1,290
----------
5,145
----------
Operating Margin 31,468
----------
Operating Expenses and Taxes (except income):
Operation 15,247
Maintenance 1,058
Depreciation and amortization 7,909
Taxes (except income) 3,101
----------
27,315
----------
Operating income 4,153
----------
Other Income (Deductions):
Interest expense, net (3,529)
Other, net 2,132
----------
(1,397)
----------
Income before income taxes 2,756
----------
Income Taxes 1,036
----------
Net Income 1,720
==========
</TABLE>
<TABLE>
<CAPTION>
A.3 NORTHERN UTILITIES, INC.
STATEMENT OF RETAINED EARNINGS
For the year ended December 31, 1999
(Dollars in Thousands)
<S> <C>
Balance at Beginning of Year $ 54,915
Net Income 1,720
Common shares dividends (1,000)
Merger NiSource Inc. 53,627
----------
Balance at End of Year $ 109,262
==========
</TABLE>
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