File No. 69-344
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
FORM U-3A-2
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
EDISON INTERNATIONAL
[formerly SCEcorp]
(Name of Company)
hereby files with the Securities 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:
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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.
EDISON INTERNATIONAL (formerly SCEcorp) is a corporation organized under
the laws of the State of California and having its principal place of
business at 2244 Walnut Grove Avenue (P.O. Box 999), Rosemead, California
91770. It was organized principally to acquire and hold securities of
other corporations for investment purposes. Edison International has the
following subsidiaries:
01 SOUTHERN CALIFORNIA EDISON COMPANY ("SCE") is a California
corporation having its principal place of business at 2244 Walnut
Grove Avenue (P.O. Box 800), Rosemead, California 91770. SCE is a
public utility primarily engaged in the business of supplying
electric energy to portions of central and southern California,
excluding the City of Los Angeles and certain other cities. Its
subsidiaries have the same principal place of business as Southern
California Edison Company:
02 CALIFORNIA ELECTRIC POWER COMPANY is an inactive California
corporation that remains from a 1964 merger with SCE.
02 CONSERVATION FINANCING CORPORATION is an inactive California
corporation that was originally formed to carry out residential
conservation financing programs.
02 ENERGY SERVICES, INC. is a California corporation engaged in the
business of assisting SCE in optimizing the use of its resources
for the benefit of its ratepayers by marketing SCE's
capabilities, facilities, products, information, and copyrighted
materials to third parties. Energy Services, Inc. does not
engage in any activities that would constitute owning or
operating facilities used for the generation, transmission, or
distribution of electric energy for sale.
02 MONO POWER COMPANY is an inactive California corporation that has
been engaged in the business of exploring for and developing fuel
resources.
03 THE BEAR CREEK URANIUM COMPANY is an inactive California
partnership between Mono Power Company (50%) and Union Pacific
Resources (50%) that has been engaged in reclamation of an
integrated uranium mining and milling complex in Wyoming.
02 SCE CAPITAL COMPANY is a Delaware corporation that acts as a
funding vehicle for financing of fuels, balancing accounts and
other corporate purposes of SCE.
02 SOUTHERN STATES REALTY is a California corporation engaged in
providing real estate and consulting services to SCE and third
parties.
01 EDISON ENTERPRISES is a California corporation having its principal
place of business at 2244 Walnut Grove Avenue, Rosemead, California
91770, which was organized to own the stock and coordinate the
activities of energy-related nonutility companies. The subsidiaries
of Edison Enterprises are as follows:
02 EDISON TRANSENERGY is a California corporation engaged in the
business of providing energy transportation development services.
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01 THE MISSION GROUP is a California corporation having its principal
place of business at 18101 Von Karman Avenue, Suite 1700, Irvine,
California 92612-1046, which was organized to own the stock and
coordinate the activities of nonutility companies. The subsidiaries
of The Mission Group are as follows:
02 EDISON EV is a California corporation having its principal place
of business at 515 South Figueroa Street, Suite 950, Los Angeles,
California 90071. It is engaged in the business of providing
services related to electric vehicles, including the distribution
and installation of electric vehicle charging equipment.
02 EDISON SOURCE is a California corporation having its principal
place of business at 13191 Crossroads Parkway North, City of
Industry, California 91746. It is engaged in the business of
integrated energy services and wholesale power marketing.
02 EDISON SELECT (formerly Edison Spectrum) is a California
corporation having its principal place of business 13191
Crossroads Parkway North, City of Industry, California 91746.
It is engaged in the business of providing consumer products and
services.
02 EDISON ENERGY (inactive)
02 EDISON CAPITAL (formerly Mission First Financial) is a California
corporation having its principal place of business at 18101 Von
Karman Avenue, Suite 1700, Irvine, California 92612-1046. It is
engaged in the business of leveraged-leasing transactions and
other project financings, either directly or through
subsidiaries. Edison Capital owns a group of subsidiaries and
has interests in various partnerships through its subsidiaries.
The subsidiaries and partnerships of Edison Capital are listed
below. Unless otherwise indicated, all entities are
corporations, are organized under the laws of the State of
California, and have the same principal place of business as
Edison Capital.
03 BURLINGTON APARTMENTS, INC.
04 Burlington Arboretum L.P. (partnership) 94.6%
03 Edison Capital Europe Limited
03 EDISON FUNDING COMPANY (formerly Mission Funding Company)
04 EDISON CAPITAL LATIN AMERICAN INVESTMENTS HOLDINGS COMPANY (Delaware
corporation)
04 EDISON FUNDING OMICRON
05 Olive Court Apartments L.P. (partnership) 0.1%
05 Ontario Senior Housing L.P. (Ontario Plaza) (partnership) 0.1%
04 EDISON INTEGRATED ENERGY SERVICES (formerly Mission Integrated
Energy Services)
04 EDISON CAPITAL HOUSING INVESTMENTS (formerly Edison Housing
Investments and Mission Housing Investments)
05 Admiralty Heights Associates II 1995 L.P. (Kent Manor)
(commitment) 99%
05 AE Associates L.P. (Avenida Espana) (partnership) 99%
05 Alma Place Associates L.P. (commitment) 99%
05 Altamont Hotel Associates L.P. (partnership) 99%
05 Argyle Redevelopment Partnership, Ltd. (Colorado partnership) 99%
05 Avalon Courtyard L.P. (Carson Senior Housing) (partnership) 3%
05 Bartlett Hill Associates L.P. (partnership) 70%; 100% w/ MBHCo.
05 Beacon Manor Associates L.P. (commitment) 99%
05 Bodega Hills Investors L.P. (commitment) 99%
05 Bush Hotel L.P. (commitment) 99%
05 Cedarshores L.P. (partnership) 99%
05 Centertown Associates Ltd. (partnership) 99%
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05 Centro Partners L.P. (El Centro) (partnership) 99%
05 Cochrane Village Apartments L.P. (commitment) 99%
05 Community House Apartments (commitment) 99%
05 Cottonwood Affordable Housing L.P. (commitment) 99%
05 Coyote Springs Apartments Associates L.P. (partnership) 99%
05 Cypress Cove Associates (partnership) 99%
05 Delta Plaza Apartments (partnership) 99%
05 Double X Associates 1995 L.P. (Terrace Manor) (commitment) 99%
05 EAH Larkspur Creekside Associates L.P. (partnership) 99%
05 EAST COAST CAPITAL, INC.
05 East Cotati Avenue Partners L.P. (partnership) 99%
05 EC ASSET SERVICES, INC.
05 EC PROPERTIES, INC.
06 Corporations for Affordable Housing L.P. (partnership) 1%
07 Arbor Lane Associates Phase II L.P. (Timberwood)
(partnership) 99%
07 Arroyo Vista Associates L.P. (partnership) 99%
07 Artloft Associates L.P. (partnership) 35.6%
07 Caleb Affordable Housing Associates L.P. (Ledges/Pinebrook)
(partnership) 99%
07 The Carlin L.P. (partnership) 99%
07 Diamond Phase III Venture L.P. (partnership) 99%
07 Fairmount Hotel Urban Renewal Associates L.P. (partnership)
99%
07 Mackenzie Park Associates L.P. (partnership) 99%
07 Parkside Associates L.P. (Parkside Garden) (partnership)
99%
07 Pines Housing L.P. (partnership) 99%
07 Pines Housing II, L.P. (partnership) 99%
07 Smyrna Gardens Associates L.P. (partnership) 99%
07 Tioga Gardens L.P. (partnership) 99%
07 Walden Pond, Ltd. L.P. (Hamlet) (partnership) 99%
06 Corporations for Affordable Housing L.P. II (partnership) 1%
07 2601 North Board Street Associates L.P. (Station House)
(partnership) 99%
07 Artloft Associates L.P. (partnership) 53.43%
07 Brookline Housing Associates LLC (Bridgewater)
(partnership) 99%
07 EDA L.P. (Eagle's Nest) (partnership) 99%
07 Edgewood Manor Associates II L.P. (partnership) 99%
07 Gateway Housing L.P. (partnership) 99%
07 Homestead Village Associates L.P. (partnership) 99%
07 Junction City Apartments L.P. (Green Park) (partnership)
99%
07 Liberty House Associates L.P. (partnership) 99%
07 Maple Ridge Development Associates L.P. (partnership) 99%
07 Parsonage Cottage Senior Residence L.P. (partnership) 99%
07 Rittenhouse School L.P. (partnership) 99%
07 Silver City Housing L.P. (partnership) 99%
07 South 55th Street, L.P. (partnership) 99%
07 W. M. Housing Associates L.P. (Williamsport Manor)
(partnership) 99%
07 Winnsboro Apartments L.P. (Deer Wood) (partnership) 99%
05 EC PROPERTIES III, INC.
06 Corporations for Affordable Housing L.P. III (partnership)
1%
07 Park Vista (partnership) 99%
07 Piedmont Housing Associates (partnership) 99%
07 Salem-Lafayette Urban Renewal Associates, L.P.
(partnership) 99%
07 Stevenson Housing Associates (partnerhip) 99%
05 EC-SLP, INC.
05 EDISON CAPITAL HOUSING FLORIDA
06 Affordable/Citrus Glenn Phase II,Ltd. (Citrus Glenn Apts.
Phase II) (commitment) 99%
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06 Timber Sound, Ltd. (commitment) 99%
05 EDISON CAPITAL HOUSING NEW JERSEY
06 El Barrio Academy Urban Renewal Associates, L.P.
(partnership) 99%
06 Pellettieri Homes Urban Renewal Associates, L.P.
(partnership) 99%
05 EDISON CAPITAL HOUSING PENNSYLVANIA
06 McFarland Press Associates (partnership) 99%
06 Villa Maria Housing Partnership (partnership) 99%
05 EDISON HOUSING GEORGIA
06 HMB-Atlanta I L.P. (Spring Branch) (partnership) 99%
05 EDISON HOUSING NORTH CAROLINA
06 MAS-WT, L.P. (Washington Terrace) (partnership) 99%
05 EDISON HOUSING OREGON, INC.
05 EDISON HOUSING SOUTH CAROLINA
06 Vista Properties LLC (Vista View) (partnership) 99%
05 Edmundson Associates L.P. (Willows) (partnership) 99%
05 EHI DEVELOPMENT FUND (formerly MHI Development Fund)
05 EHI DEVELOPMENT COMPANY (formerly MHI Development Company)
05 Elizabeth West & East L.P. (commitment) 99%
05 Farm (The) Associates L.P. (partnership) 99%
05 Fifth & Wilshire (commitment) 99%
05 Flagstaff Affordable Housing II, L.P. (Forest View Apts.)
(partnership) 99%
05 Florence Apartments LLC (partnership) 99%
05 Gilroy Redwood Associates L.P. (Redwoods) (partnership) 99%
05 Ginzton Associates L.P. (partnership) 99%
05 Grandy Lake 1996 L.P. (commitment) 99%
05 Grossman Apartments Investors L.P. (partnership) 99%
05 Hamilton Place Apartments L.P. (Larkin Place) (partnership) 99%
05 Hamilton Place Senior Living L.P. (partnership) 99%
05 Hearthstone Group 3 L.P. (Evergreen Court) (commitment) 99%
05 Heartland-Wisconsin Rapids Timber Trails LLC (partnership) 99%
05 Heather Glen Associates L.P. (partnership) 99%
05 Holy Family Associates L.P. (partnership) 99%
05 Kennedy Lofts Associates L.P. (Massachusetts partnership) 97%
05 Lackawana Housing Associates LLC (Goodwill Neighborhood
Residences) (partnership) 99%
05 Las Brisas Apartments L.P. (commitment) 99%
05 LINC-Bristol Associates I, L.P. (City Gardens) (partnership)
99%
05 Mar Associates L.P. (partnership) 99%
05 Mercy Housing California IV L.P. (Vista Grande) (partnership)
99%
05 Mercy Housing California IX L.P. (Sycamore) (commitment) 99%
05 Merrill Road Associates L.P. (partnership) 99%
05 MH I L.P. (partnership) 1%
06 California Park Apartments L.P. (partnership) 1% of 99%
05 MH II L.P. (partnership) 1%
06 5363 Dent Avenue Associates L.P. (partnership) 1% of 99%
05 MH III L.P. (partnership) 1%
06 DeRose Housing Associates L.P. (partnership) 1% of 99%
05 MH IV L.P. (partnership) 1%
06 MPT Apartments L.P. (MacArthur Park) (partnership) 1% of 99%
05 MH V L.P. (partnership) 1%
06 Centennial Place L.P. (partnership) 1% of 99%
05 MHIFED 94 COMPANY
05 MHIFED 94 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX
06 Berry Avenue Associates L.P. (partnership) 1% of 99%
06 Carlton Way Apartments L.P. (partnership) 1% of 99%
06 CDR Senior Housing Associates (Casa del Rio) (partnership) 1%
of 99%
06 Corona Ely/Ranch Associates L.P. (partnership) 1% of 99%
06 Fairview Village Associates L.P. (partnership) 1% of 99%
06 Fell Street Housing Associates L.P. (partnership) 1% of 99%
06 Hope West Apartments L.P. (partnership) 1% of 99%
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06 Morrone Gardens Associates L.P. (partnership) 1% of 99%
06 Pajaro Court Associates L.P. (partnership) 1% of 99%
06 Tierra Linda Associates L.P. (partnership) 1% of 99%
06 Tlaquepaque Housing Associates L.P. (partnership) 1% of 99%
05 MHIFED 95 COMPANY
05 MHIFED 95 L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX
06 Avalon Courtyard L.P. (Carson Senior Housing) (partnership)
1% of 95%
06 Hollywood El Centro L.P. (partnership) 1% of 99%
06 La Brea/Franklin L.P. (partnership) 1% of 99%
06 Larkin Pine L.P. (partnership) 1% of 99%
06 Mercy Housing California III L.P. (3rd & Reed) (partnership)
1% of 99%
06 Pinole Grove Associates L.P. (partnership) 1% of 99%
06 Second Street Center L.P. (Santa Monica) (partnership) 1% of
99%
06 Solinas Village Partners L.P. (partnership) 1% of 99%
06 Three Oaks Housing L.P. (partnership) 1% of 99%
06 1101 Howard Street Associates L.P. (partnership) 1% of 99%
05 MHIFED 95C COMPANY
06 MHIFED 95C L.P. (Delaware partnership) 99%LP
07 Park Place Terrace L.P. (partnership) 99% of 99%
05 MHIFED 95C L.P. (Delaware partnership) 1%GP
06 Park Place Terrace L.P. (partnership) 1% of 99%
05 MHIFED 96 COMPANY
05 MHIFED 96 L.P. (Delaware partnership) 5%GP; 95%LP to Cargill
06 Lavell Village Associates L.P. (partnership) 5% of 99%
06 North Town Housing Partners L.P. (Villa del Norte Village)
(partnership) 5% of 99%
06 Poco Way Associates L.P. (partnership) 5% of 99%
06 Seasons Affordable Senior Housing L.P. (partnership) 5% of
99%
05 MHIFED 96A COMPANY
05 MHIFED 96A L.P. (Delaware partnership) 1%GP; 99%LP to NYNEX
06 Good Samaritan Associates L.P. (partnership) 1% of 99%
06 Reseda Village L.P. (partnership) 1% of 99%
06 Oxnard Housing Associates L.P. (partnership) 1% of 99%
06 Metro Senior Associates L.P. (partnership) 1% of 99%
06 Round Walk Village Apartments L.P. (partnership) 1% of 99%
06 Santa Alicia Partnership (partnership) 1% of 99%
06 Vine Street Court L.P. (partnership) 1% of 99%
06 Vine Street Court L.P. II (partnership) 1% of 99%
05 MHIFED 97 COMPANY
06 MHIFED 97 L.P. (Delaware partnership) 99%LP
05 MHIFED 97 L.P. (Delaware partnership) 1%GP
05 MHICAL 94 COMPANY
06 MHICAL 94 L.P. (Delaware partnership) 99%LP
07 Mayacamas Village Associates L.P. (partnership) 99% of 99%
07 Rincon De Los Esteros Associates L.P. (partnership) 99% of
99%
07 West Capital Courtyard L.P. (partnership) 99% of 99%
07 Winfield Hill Associates L.P. (partnership) 99% of 99%
05 MHICAL 94 L.P. (Delaware partnership) 1%GP
06 Mayacamas Village Associates L.P. (partnership) 1% of 99%
06 Rincon De Los Esteros Associates L.P. (partnership) 1% of 99%
06 West Capital Courtyard L.P. (partnership) 1% of 99%
06 Winfield Hill Associates L.P. (partnership) 1% of 99%
05 MHICAL 95 COMPANY
06 MHICAL 95 L.P. (Delaware partnership) 99%LP
07 Abby Associates L.P. (Windmere) (partnership) 99% of 99%
07 Antelope Associates L.P. (partnership) 99% of 99%
07 Baker Park Associates L.P. (partnership) 99% of 99%
07 Bracher Associates L.P. (partnership) 99% of 99%
07 Catalonia Associates L.P. (partnership) 99% of 99%
07 Colina Vista L.P. (partnership) 99% of 99%
07 Florin Woods Associates L.P. (partnership) 99% of 99%
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07 Mercy Housing California VI L.P. (205 Jones) (partnership)
99% of 99%
07 Pinmore Associates L.P. (partnership) 99% of 99%
07 Sunset Creek Partners L.P. (partnership) 99% of 99%
05 MHICAL 95 L.P. (Delaware partnership) 1%GP
06 Abby Associates L.P. (Windmere) (partnership) 1% of 99%
06 Antelope Associates L.P. (partnership) 1% of 99%
06 Baker Park Associates L.P. (partnership) 1% of 99%
06 Bracher Associates L.P. (partnership) 1% of 99%
06 Catalonia Associates L.P. (partnership) 1% of 99%
06 Colina Vista L.P. (partnership) 1% of 99%
06 Florin Woods Associates L.P. (partnership) 1% of 99%
06 Mercy Housing California VI L.P. (205 Jones) (partnership) 1%
of 99%
06 Pinmore Associates L.P. (partnership) 1% of 99%
06 Sunset Creek Partners L.P. (partnership) 1% of 99%
05 MHICAL 96 COMPANY
06 MHICAL 96 L.P. (Delaware partnership) 99%LP
07 C-Court L.P. (Cawelti Court) (partnership) 99% of 99%
07 Greenway Village Associates L.P. (partnership) 99% of 99%
07 Huff Avenue Associates L.P. (partnership) 99% of 99%
07 Kennedy Court Partners L.P. (partnership) 99% of 99%
07 Klamath Associates L.P. (partnership) 99% of 99%
07 Sky Parkway Housing Associates L.P. (partnership) 99% of
99%
07 Strobridge Housing Associates L.P. (partnership) 99% of 99%
07 Westgate Townhomes Associates L.P. (partnership) 99% of 99%
07 1010 SVN Associates L.P. (partnership) 99% of 99%
05 MHICAL 96 L.P. (Delaware partnership) 1%GP
06 C-Court L.P. (Cawelti Court) (partnership) 1% of 99%
06 Greenway Village Associates L.P. (partnership) 1% of 99%
06 Huff Avenue Associates L.P. (partnership) 1% of 99%
06 Kennedy Court Partners L.P. (partnership) 1% of 99%
06 Klamath Associates L.P. (partnership) 1% of 99%
06 Sky Parkway Housing Associates L.P. (partnership) 1% of 99%
06 Strobridge Housing Associates L.P. (partnership) 1% of 99%
06 Westgate Townhomes Associates L.P. (partnership) 1% of 99%
06 1010 SVN Associates L.P. (partnership) 1% of 99%
05 MHICAL 97 COMPANY
05 MHICAL 97 L.P.
05 Mid-Peninsula Century Village Associates L.P. (Century Village)
(partnership) 99%
05 Mid-Peninsula Sharmon Palms Associates L.P. (Sharmon Palms)
(partnership) 99%
05 Mission Capp L.P. (partnership) 99%
05 MISSION HOUSING ALPHA
06 Lee Park Investors L.P. (Pennsylvania partnership) 99%
05 MISSION HOUSING BETA
06 Richmond City Center Associates L.P. (partnership) 99%
05 MISSION HOUSING DELTA
06 MH I L.P. (partnership) 99%
07 California Park Apartments L.P. (partnership) 99% of 99%
06 MH II L.P. (partnership) 99%
07 5363 Dent Avenue Associates L.P. (partnership) 99% of 99%
06 MH III L.P. (partnership) 99%
07 DeRose Housing Associates L.P. (partnership) 99% of 99%
06 MH IV L.P. (partnership) 99%
07 MPT Apartments L.P. (MacArthur Park) (partnership) 99% of
99%
06 MH V L.P. (partnership) 99%
07 Centennial Place L.P. (partnership) 99% of 99%
05 MISSION HOUSING DENVER
06 Mercantile Square L.P. (partnership) 99%
06 North Park Village LLC (partnership) 99%
05 MISSION HOUSING EPSILON
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06 Riverside/Liebrandt Partners L.P. (La Playa) (partnership)
99%
05 MISSION HOUSING GAMMA
06 Del Carlo Court Associates L.P. (partnership) 99%
05 MISSION HOUSING HOLDINGS (formerly MHIFED 95B Company)
06 Mission Housing Partnership 1996 L.P. 99%LP (formerly MHIFED
95B L.P.) (Delaware partnership)
07 La Terraza Associates L.P. (Carlsbad Villas at Camino Real)
(partnership) 99% of 99%
05 Mission Housing Partnership 1996 L.P. 1%GP (formerly MHIFED 95B
L.P.) (Delaware partnership)
06 La Terraza Associates L.P. (Carlsbad Villas at Camino Real)
(partnership) 1% of 99%
05 MISSION HOUSING THETA
06 Mission Housing Investors Partnership 5%GP; 95%LP to GECC
07 Forest Winds Associates L.P. (partnership) 5% of 99%
07 Glen Eden Associates L.P. (partnership) 5% of 99%
07 Gray's Meadows Investors L.P. (partnership) 5% of 99%
07 Prince Bozzuto L.P. (Fairground Commons) (Maryland
partnership) 5% of 99%
07 Rancho Park Associates L.P. (partnership) 5% of 99%
07 Rustic Gardens Associates L.P. (partnership) 5% of 99%
07 Sea Ranch Apartments L.P. (partnership) 5% of 99%
07 Springdale Kresson Associates L.P. (Jewish Federation) (New
Jersey partnership) 5% of 99%
07 1028 Howard Street Associates L.P. (partnership) 5% of 99%
05 MISSION HOUSING ZETA
06 Fremont Building L.P. (Crescent Arms) (partnership) 99%
05 MISSION SA COMPANY
05 Morgan Hill Ranch Housing L.P. (commitment) 99%
05 Mountain View Townhomes L.P. (commitment) 99%
05 Neary Lagoon Partners L.P. (partnership) 99%
05 New Harbor Vista Apartments (commitment) 99%
05 Northwood Manor Associates L.P. (commitment) 99%
05 Oak Forest Associates L.P. (commitment) 99%
05 Oceanside Gardens L.P. (partnership) 99%
05 Ohlone Housing Associates L.P. (partnership) 99%
05 Olive Court Apartments L.P. (partnership) 98.9%
05 Ontario Senior Housing L.P. (Ontario Plaza) (partnership) 98.9%
05 Open Doors Associates L.P. (West Valley) (partnership) 99%
05 Palmer House L.P. (partnership) 99%
05 Paradise Road Partners L.P. (Gateway Village) (partnership) 99%
05 Pier A Historic Rehabilitation at Battery Park (commitment) 99%
05 Pilot Grove L.P. (Massachusetts partnership) 99%
05 Post Office Plaza L.P. (Ohio partnership) 99%
05 River Walk Apartments Homes L.P. (partnership) 99%
05 Rosebloom Associates L.P. (Oakshade) (partnership) 99%
05 San Diego Golden Villa Partners L.P. (commitment) 99%
05 San Juan Commons 1996 L.P. (commitment) 99%
05 San Pablo Senior Housing Associates L.P. (partnership) 99%
05 San Pedro Gardens Associates L.P. (partnership) 99%
05 Santa Alicia Gardens Townhomes L.P. (The Gardens) (partnership)
99%
05 Santa Paulan Senior Apartments Associates L.P.(partnership) 99%
05 South Beach Housing Associates L.P. (Steamboat) (partnership)
99%
05 South Winery Associates L.P. (The Winery Apartments)
(commitment) 99%
05 Stoney Creek Associates L.P. (partnership) 99%
05 Studebaker Building L.P. (partnership) 99%
05 Sultana Acres Associates L.P. (partnership) 99%
05 Sunshine Terrace L.P. (commitment) 99%
05 Tabor Grand L.P. (Colorado partnership) 99%
05 The Josephinum Associates L.P. (Washington partnership) 99%
05 Thomson Rental Housing, L.P. (Washington Place) (partnership)
99%
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05 Tuscany Associates L.P. (Tuscany Villa) (partnership) 99%
05 University Park Properties L.P. (commitment)99%
05 Upland Senior Housing L.P. (Coy D. Estes) (partnership) 99%
05 Vista Verde Apartments LLC (partnership) 99%
05 Washington Creek Associates L.P. (partnership) 99%
05 Westport Village Homes Associates L.P. (partnership) 99%
05 Wheeler Manor Associates L.P. (partnership) 99%
05 Woodland Arms Apartments, Ltd. (commitment) 99%
05 YWCA Villa Nueva Partners L.P. (partnership) 99%
05 16th & Church Street Associates L.P. (partnership) 99%
05 1856 Wells Court Partners, L.P. (Wells Court) (partnership) 99%
05 210 Washington Avenue Associates (Renaissance Plaza)
(Connecticut partnership) 99%
05 2814 Fifth Street Associates L.P. (Land Park Woods)
(partnership) 99%
04 MISSION FIRST ASSET INVESTMENT
04 MISSION FUNDING BETA
04 MISSION FUNDING EPSILON
05 Edison Capital (Bermuda) Investments, Ltd. (formerly Mission
(Bermuda) Investments Pi, Ltd.) (Bermuda corporation)
Address: Clarendon House, 2 Church Street,
Hamilton HM CX, Bermuda
05 GEM Energy Company (New York partnership)
05 MISSION FUNDING ALPHA
06 MISSION FUNDING MU
07 EPZ Mission Funding Mu Trust (equity interest in foreign
utility company) [see 4.01]
05 MISSION FUNDING DELTA
06 MISSION FUNDING NU
07 EPZ Mission Funding Nu Trust (equity interest in foreign
utility company) [see 4.02]
05 Mission Investments, Inc. (U.S. Virgin Islands corporation)
Address: ABN Trustcompany, Guardian Building, Havensight,
2nd Floor, St. Thomas, U.S. Virgin Islands
05 Mission (Bermuda) Investments, Ltd. (Bermuda corporation)
Address: Clarendon House, 2 Church Street,
Hamilton HM CX, Bermuda
04 MISSION FUNDING GAMMA
04 MISSION FUNDING KAPPA
05 ABB Funding Partners, L.P. (partnership)
04 MISSION FUNDING THETA
05 MAS-WT, L.P. (Washington Terrace) (partnership) 0.01%
04 MISSION FUNDING ZETA
05 Huntington L.P. (New York partnership) 50%
03 EDISON MORTGAGE COMPANY
03 MISSION BARTLETT HILL COMPANY
04 Bartlett Hill Associates L.P. (partnership) 30% [29%LP, 1%GP];
100% w/ EHI
03 MISSION INTERNATIONAL CAPITAL, INC.
03 RENEWABLE ENERGY CAPITAL COMPANY
02 MISSION LAND COMPANY is a California corporation having its
principal place of business at 3281 East Guasti Road, Suite 550,
Ontario, California 91761. It is engaged, directly and through
its subsidiaries, in the business of owning, managing and selling
industrial parks and other real property investments. The
subsidiaries and partnerships of Mission Land Company are listed
below. Unless otherwise indicated, all entities are corporations,
are organized under the laws of the State of California, and have
the same principal place of business as Mission Land Company.
03 ASSOCIATED SOUTHERN INVESTMENT COMPANY
04 Calabasas Park Company (partnership) (inactive) 79%GP
05 Central Valley/Calabasas L.P. (partnership) [in dissolution]
50%LP
PAGE 9
<PAGE>
03 CALABASAS PALATINO, INC.
04 Central Valley/Calabasas L.P. (partnership) [in dissolution] 50%GP
03 Carol Stream Developers G.P. (Illinois partnership) 60%GP
03 Centrelake Partners, L.P. (limited partnership) 98%GP
03 Corona Partners L.P. (limited partnership) 99%LP
03 IRWINDALE LAND COMPANY
04 Mission-Koll I (limited partnership) 4%GP
03 MISSION AIRPORT PARK DEVELOPMENT CO.
04 Carol Stream Developers G.P. (Illinois partnership) 40%GP
04 Centrelake Partners, L.P. (limited partnership) 2%LP
04 Corona Partners L.P. (limited partnership) 1%GP
04 Mission-Nexus II, L.P. (limited partnership) 50%GP
04 Mission Vacaville L.P. (limited partnership) (formerly Mission-
Messenger Vacaville G.P.) 1%GP
03 MISSION INDUSTRIAL CONSTRUCTORS, INC. (inactive)
03 Mission-Koll I (limited partnership) 96%LP
03 Mission-Nexus II, L.P. (limited partnership) 50%LP
03 Mission-Oceangate (partnership) (formerly Mission Comstock Crosser
Hickey) 75%GP
03 MISSION/ONTARIO, INC.
03 MISSION SOUTH BAY COMPANY (inactive)
04 Mission-Oceangate (partnership) (formerly Mission Comstock,
Crosser Hickey G.P.) 25%GP
03 MISSION TEXAS PROPERTY HOLDINGS, INC.
03 Mission Vacaville L.P. (limited partnership) (formerly Mission-
Messenger Vacaville G.P.) 99%LP
03 Mission-701 Minnesota (limited partnership) (equity) 70.3%LP
02 MISSION POWER ENGINEERING COMPANY is a California corporation
having its principal place of business at 18101 Von Karman Avenue,
Suite 1700, Irvine, California 92612-1046. It is currently an
inactive company. The subsidiaries of Mission Power Engineering
Company are listed below. Unless otherwise indicated, all
entities are corporations, are organized under the laws of the
State of California, and have the same principal place of business
as Mission Power Engineering Company.
03 ASSOCIATED SOUTHERN ENGINEERING COMPANY (inactive)
02 EDISON MISSION ENERGY (formerly Mission Energy Company) is a
California corporation having its principal place of business at
18101 Von Karman Avenue, Suite 1700, Irvine, California 92612-
1046. Edison Mission Energy owns the stock of a group of
corporations which, primarily through partnerships with non-
affiliated entities, are engaged in the business of developing,
owning and/or operating cogeneration, geothermal and other energy
or energy-related projects pursuant to the Public Utility
Regulatory Policies Act of 1978. Edison Mission Energy, through
wholly owned subsidiaries, also has ownership interests in a
number of independent power projects in operation or under
development that either have been reviewed by the Commission's
staff for compliance with the Act or are or will be exempt
wholesale generators under the Energy Policy Act of 1992. In
addition, some Edison Mission Energy subsidiaries have made fuel-
related investments and a limited number of non-energy related
investments. The subsidiaries and partnerships of Edison Mission
Energy are listed below. Unless otherwise indicated, all entities
are corporations, are organized under the laws of the State of
California and have the same principal place of business as Edison
Mission Energy.
PAGE 10
<PAGE>
DOMESTIC:
03 AGUILA ENERGY COMPANY (LP)
04 American Bituminous Power Partners, L.P. (Delaware limited
partnership) 49.5%; 50% with Pleasant Valley
05 American Kiln Partners, L.P. (Delaware limited partnership)
03 ANACAPA ENERGY COMPANY (GP)
04 Salinas River Cogeneration Company (partnership) 50%
03 ARROWHEAD ENERGY COMPANY
04 Crown Energy, L.P. (New Jersey partnership) 50%LP; 100% w/
Mission/Eagle and Thorofare
05 Crown Vista Urban Renewal Corporation (New Jersey corporation)
50%; 100% with Vista Energy
03 BALBOA ENERGY COMPANY (GP)
04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100%
w/Kingspark
03 BERGEN POINT ENERGY COMPANY (GP)
04 TEVCO/Mission Bayonne Partnership (Delaware G.P.) 50%
03 BLUE RIDGE ENERGY COMPANY (GP)
04 Bretton Woods Cogeneration, L.P. (Delaware limited partnership)
50%; 100% w/Bretton Woods
03 BRETTON WOODS ENERGY COMPANY (GP & LP)
04 Bretton Woods Cogeneration, L.P. (Delaware L.P.) 50%; 100% w/Blue
Ridge
03 CAMINO ENERGY COMPANY (GP)
04 Watson Cogeneration Company (general partnership) 49%
03 CAPISTRANO COGENERATION COMPANY (GP)
04 James River Cogeneration Company (North Carolina partnership) 50%
03 CENTERPORT ENERGY COMPANY (GP & LP)
04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100%
w/Ridgecrest
03 CHESAPEAKE BAY ENERGY COMPANY (formerly Woodland Energy Company)
(GP)
04 Delaware Clean Energy Project (Delaware general partnership) 50%
03 CHESTER ENERGY COMPANY (no partners; option Chesapeake,VA)
03 CLAYVILLE ENERGY COMPANY
04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Coronado
03 COLONIAL ENERGY COMPANY (formerly Hentland Energy Company)
(inactive)
03 CORONADO ENERGY COMPANY
04 Oconee Energy, L.P. (Delaware L.P.) 50%; 100% w/Clayville
03 CRESCENT VALLEY ENERGY COMPANY (GP)
04 Beowawe Geothermal Power Company (general partnership) 50%
03 DEL MAR ENERGY COMPANY (GP)
04 Mid-Set Cogeneration Company (partnership) 50%
03 DELAWARE ENERGY CONSERVERS, INC. (Delaware corporation) (inactive)
03 DESERT SUNRISE ENERGY COMPANY (Nevada corporation) (inactive)
03 DEVEREAUX ENERGY COMPANY (LP)
04 Auburndale Power Partners, L.P. (Delaware L.P.) 49%; 50% w/El
Dorado
03 EASTERN SIERRA ENERGY COMPANY (GP & LP)
04 Saguaro Power Company, L.P. (partnership) 50%
03 EAST MAINE ENERGY COMPANY (inactive) [dissolving]
03 EDISON MISSION ENERGY FUNDING CORP. (Delaware corporation) 1%
03 EDISON MISSION OPERATION & MAINTENANCE, INC. (formerly Mission
Operation and Maintenance, Incorporated) (no partnership)
04 Mission Operations de Mexico, S.A. de C.V. 95%
03 EL DORADO ENERGY COMPANY (GP)
04 Auburndale Power Partners, L.P. (Delaware L.P.) 1%; 50% w/
Devereaux
03 EMP, INC. (Oregon corporation) (GP & LP)
04 GEO East Mesa Limited Partnership (partnership) 50%
05 GEO East Mesa Electric Co. (Nevada corp.) (McCabe Plant) 100%
03 FOUR COUNTIES GAS COMPANY (inactive)
03 HANOVER ENERGY COMPANY
04 Chickahominy River Energy Corp. (Virginia corporation) (GP & LP)
PAGE 11
<PAGE>
05 Commonwealth Atlantic L.P. (Delaware partnership) [see 4.03]
50%
03 HOLTSVILLE ENERGY COMPANY (GP & LP) (formerly Brookhaven Energy
Company)
04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100%
w/Madera
03 INDIAN BAY ENERGY COMPANY (GP & LP)
04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100%
w/Santa Ana
03 JEFFERSON ENERGY COMPANY (GP & LP) (inactive)
03 KINGS CANYON ENERGY COMPANY (inactive)
03 KINGSPARK ENERGY COMPANY (GP & LP)
04 Smithtown Cogeneration, L.P. (Delaware partnership) 50%; 100%
w/Balboa
03 LAGUNA ENERGY COMPANY (inactive) (former interest in Ambit)
03 LA JOLLA ENERGY COMPANY (inactive) (used for Belridge)
03 LAKE GROVE ENERGY COMPANY (former Mid-County subsidiary) (inactive)
03 LAKEVIEW ENERGY COMPANY
04 Georgia Peaker, L.P. (Delaware L.P.) 50%; 100% w/Silver Springs
03 LEHIGH RIVER ENERGY COMPANY (GP)
04 TEVCO/Mission Assets Partnership (Delaware G.P.) 50%
05 Continental Energy Associates, L.P. (Mass. partnership) 22.5%
03 LONGVIEW COGENERATION COMPANY (formerly Columbia River Cogeneration
Company, formerly Cabrillo Energy Company) (held for Weyerhauser)
03 MADERA ENERGY COMPANY (GP)
04 Brookhaven Cogeneration, L.P. (Delaware partnership) 50%; 100%
w/Holtsville
03 MADISON ENERGY COMPANY (formerly Sunshine Generators, Inc.) (LP)
04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.04] 49%;
50% w/Rapidan
03 Mission Capital, L.P. (Delaware L.P.) 3%; MIPS partnership
03 MISSION/EAGLE ENERGY COMPANY
04 Crown Energy, L.P. (New Jersey partnership) 2%GP; 100% w/
Arrowhead and Thorofare
05 Crown Vista Urban Renewal Corporation (New Jersey corporation)
50%; 100% with Vista Energy
03 Mission Energy Canada Corporation (British Columbia company)
04 B.C. Star Partners (British Columbia partnership) 50%
04 The Mission Interface Partnership (Province of Ontario G.P.) 50%
03 MISSION ENERGY CONSTRUCTION SERVICES, INC. (formerly Glenwood
Springs Property, Inc.)
03 MISSION ENERGY FUEL COMPANY
04 MISSION ENERGY OIL AND GAS COMPANY
05 Four Star Oil & Gas Company (partnership) 46.85% (owns Lost
Hills Cogeneration Facility)
04 MISSION ENERGY PETROLEUM COMPANY (Gas contracts w/ Tex. Gas Mktg)
04 POCONO FUELS COMPANY (inactive)
04 SOUTHERN SIERRA GAS COMPANY
05 TM Star Fuel Company (general partnership) 50%
03 MISSION ENERGY HOLDINGS, INC.
04 Mission Capital, L.P. (Delaware L.P.) 97%; MIPS partnership
03 MISSION ENERGY HOLDINGS INTERNATIONAL, INC. (formerly Patapsco
Energy Company) [holds all the issued and outstanding stock of MEC
International B.V.--see INTERNATIONAL section]
03 MISSION ENERGY INDONESIA (formerly Chula Energy Company)
03 MISSION ENERGY MEXICO (inactive) formerly the branch office in
Mexico (no partnership)
03 MISSION ENERGY NEW YORK, INC. (formerly Allegheny Energy Company)
(GP & LP)
04 Brooklyn Navy Yard Cogeneration Partners, L.P. (Delaware
partnership) [see 4.05] 50%
03 MISSION ENERGY WALES COMPANY (formerly San Jacinto Energy Company)
04 Mission Hydro L.P. (UK limited partnership) 30%
05 First Hydro Holdings Company 99%
06 First Hydro Finance plc
07 First Hydro Company [see 4.14]
PAGE 12
<PAGE>
03 MISSION ENERGY WESTSIDE, INC. (formerly Sun Coast Energy Company)
03 Mission Operations de Mexico, S.A. de C.V. 5%
03 MISSION TRIPLE CYCLE SYSTEMS COMPANY (GP)
04 Triple Cycle Partnership (Texas G.P.) 50%
03 NORTH JACKSON ENERGY COMPANY (inactive) [held for Akso Salt Proj]
03 NORTHERN SIERRA ENERGY COMPANY (GP)
04 Sobel Cogeneration Company (general partnership) 50%
03 ORTEGA ENERGY COMPANY (Mid-County Cogen gas contracts)
03 PANTHER TIMBER COMPANY (GP)
04 American Kiln Partners, L.P. (Delaware limited partnership) 2%
03 PARADISE ENERGY COMPANY
04 Vista Energy, L.P. (New Jersey limited partnership) 50%LP; 100%
with Vista Energy Company
05 Crown Vista Urban Renewal Corporation (New Jersey corporation)
50%; 100% w/Crown Energy
03 PLEASANT VALLEY ENERGY COMPANY (GP)
04 American Bituminous Power Partners, L.P. (Delaware limited
partnership) 0.5%; 50% w/Aguila
05 American Kiln Partners, L.P. (Delaware Limited Partnership)
03 PRINCE GEORGE ENERGY COMPANY (LP)
04 Hopewell Cogeneration Limited Partnership (Delaware limited
partnership) 24.75%
04 Hopewell Cogeneration Inc. (Delaware corporation) 25%
05 Hopewell Cogeneration Limited Partnership (Delaware limited
partnership) 1%
03 QUARTZ PEAK ENERGY COMPANY (LP)
04 Nevada Sun-Peak L.P. (Nevada partnership) [see 4.06] 50%
03 RAPIDAN ENERGY COMPANY (GP)
04 Gordonsville Energy, L.P. (Delaware partnership) [see 4.04] 1%;
50% w/Madison
03 REEVES BAY ENERGY COMPANY (GP & LP)
04 North Shore Energy L.P. (Delaware partnership) 50%; 100% w/Santa
Clara
05 Northville Energy Corporation (New York corporation) 100%
03 RIDGECREST ENERGY COMPANY (GP)
04 Riverhead Cogeneration I, L.P. (Delaware partnership) 50%; 100%
w/Centerport
03 RIO ESCONDIDO ENERGY COMPANY
03 RIVERPORT ENERGY COMPANY (GP & LP)
04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100%
w/San Pedro
03 SAN GABRIEL ENERGY COMPANY (inactive) (McKenzie gas contracts)
03 SAN JOAQUIN ENERGY COMPANY (GP)
04 Midway-Sunset Cogeneration Company, L.P. (partnership) 50%
03 SAN JUAN ENERGY COMPANY (GP)
04 March Point Cogeneration Company (partnership) 50%
03 SAN PEDRO ENERGY COMPANY (GP)
04 Riverhead Cogeneration II, L.P. (Delaware partnership) 50%; 100%
w/Riverport
03 SANTA ANA ENERGY COMPANY (GP)
04 Riverhead Cogeneration III, L.P. (Delaware partnership) 50%; 100%
w/Indian Bay
03 SANTA CLARA ENERGY COMPANY (GP)
04 North Shore Energy, L.P. (Delaware partnership) 50%; 100% w/Reeves
Bay
05 Northville Energy Corporation (New York corporation) 100%
03 SILVERADO ENERGY COMPANY (GP)
04 Coalinga Cogeneration Company (partnership) 50%
03 SILVER SPRINGS ENERGY COMPANY
04 Georgia Peaker, L.P. (Delaware limited partnership) 50%; 100%
w/Lakeview
03 SONOMA GEOTHERMAL COMPANY (GP & LP)
04 Geothermal Energy Partners Ltd. (partnership) (Aidlin) 5%LP
03 SOUTH COAST ENERGY COMPANY (GP)
04 Harbor Cogeneration Company (partnership) 30%
03 SOUTHERN SIERRA ENERGY COMPANY (GP)
PAGE 13
<PAGE>
04 Kern River Cogeneration Company (general partnership) 50%
03 THOROFARE ENERGY COMPANY
04 Crown Energy, L.P. (New Jersey partnership) 48%; 100% w/ Arrowhead
and Mission/Eagle
05 Crown Vista Urban Renewal Corporation (New Jersey corporation)
50%; 100% w/ Vista Energy
03 VIEJO ENERGY COMPANY (GP)
04 Sargent Canyon Cogeneration Company (partnership) 50%
03 VISTA ENERGY COMPANY (New Jersey corporation) (GP & LP)
04 Vista Energy, L.P. (New Jersey limited partnership) 50%GP; 100% w/
Paradise
05 Crown Vista Urban Renewal Corporation (New Jersey corporation)
50%; 100% w/Crown Energy
03 WESTERN SIERRA ENERGY COMPANY (GP)
04 Sycamore Cogeneration Company (general partnership) 50%
INTERNATIONAL:
04 MEC International B.V. (Netherlands corporation) (Holding Company
100% owned by MEC Holdings International, Inc. (California corp.))
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
05 Edison Mission Energy Asia Company (formerly Asia Power
Development Company) (Cayman Island) 99%
Branch Offices Address:
391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
06 Mission China Holdings Company (Cayman Island) 99%
Address: 391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
06 Mission Ningbo Holdings Company (Cayman Island) 99%
Address: 391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
05 Edison Mission Energy Asia Pte Ltd. (formerly Mission Energy
Asia Pte Ltd.) (Singapore private company limited by shares)
100% (EME's Regional Asia Pacific Headquarters)
Address: 391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
06 Edison Mission Energy Asia Pacific Pte Ltd. (Singapore
corporation) 100% (formed to hold employees who frequently
travel to Thailand)
Address: 391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
06 Edison Mission Energy Fuel Company Pte Ltd. (Singapore
corporation) 100% (formed to supply coal and other fuel to
power projects)
Address: 391-B Orchard Road, Ngee Ann City, Tower B,
14th Floor, #14-08/10, Singapore 238874
06 P.T. Mission Operation and Maintenance Indonesia (Indonesian
company) 99%
Address: Jl. Gen. A Yani No. 54
Probolinggo, East Java, Indonesia
05 Edison Mission Energy Holdings Pty Ltd (formerly Mission Energy
Holdings Pty. Ltd.) (Australian corporation) 100%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
06 Edison Mission Operation & Maintenance Kwinana Pty Ltd
(formerly Mission Operations (Kwinana) Pty Ltd) (Australia)
100% (Operator of Kwinana Project)
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
06 Edison Mission Operation & Maintenance Loy Yang Pty Ltd
(formerly Mission Energy Management Australia Pty. Ltd.)
(Australian corporation) 100%
Address: P.O. Box 1792, Traralgon, Victoria 3844,Australia
06 Mission Energy Development Australia Pty. Ltd. (Australian
corporation) 100%
PAGE 14
<PAGE>
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
06 Mission Energy Holdings Superannuation Fund Pty Ltd.
(retirement fund required by Australia law) 100%
06 Mission Energy (Kwinana) Pty Ltd (Australia) 100%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
07 Kwinana Power Partnership (Australian G.P.) 1%
Address: Level 23, St. Martins Tower
44 St George's Terrace, Perth WA 6000
05 Edison Mission Energy International B.V. (formerly MEC Mission
B.V.) (Netherlands company) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
05 Hydro Energy B.V. (Netherlands limited liability company)
(formerly Continfin Management B.V.) 10%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 Edison Mission Energy Espana (formerly Energias Hidraulicas,
S.A.) (Spain corporation) (equity)
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
07 Saltos del Porma, S.A. 0.01%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
06 Iberica de Energias, S.A. (Spain corp) 100% (equity) [see
4.07]
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
07 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain
corporation) (equity) [see 4.08] 91%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
08 Monasterio de Rueda, S.L. (Spain) 100%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
05 Iberian Hy-Power Amsterdam B.V. (Netherlands limited liability
company) 100%
Address: Strawinskylaan 1725, Amsterdam, NOORD-HOLL 1077 XX
06 Aprohiso S.A. (Spain corporation) (inactive) 100%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
06 Hidroelectrica de Olvera, S.A. (Spain corporation) [see 4.09]
100%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
06 Hidroelectrica del Sossis, S.A. (Spain corporation) [see
4.10] 100%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
07 Saltos del Porma, S.A. 0.01%
06 Hydro Energy B.V. (Netherlands company) 90%
07 Edison Mission Energy Espana (formerly Energias
Hidraulicas, S.A.) (Spain corporation)
08 Saltos del Porma, S.A. 0.01%
07 Iberica de Energias, S.A. (Spain corporation) 100% [see
4.07]
08 Electrometalurgica del Ebro, S.A. ("EMESA") (Spain
corporation) [see 4.08] 91%
09 Monasterio de Rueda, S.L. (Spain) 100%
06 Saltos del Porma, S.A. 99.98%
Address: Paseo de Gracia 18, Planta 4, 08007,
Barcelona, Spain
05 Latrobe Power Pty. Ltd. (Australian corporation) 50%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
PAGE 15
<PAGE>
06 Mission Victoria Partnership (Australian partnership) 52.31%
(100% w/ Traralgon PPL 46.69% and MEVALP 1%)
07 Latrobe Power Partnership (Australian partnership) 99%
08 Loy Yang B Joint Venture (Australian joint venture) [see
4.11] 51%; 49% to outside partner
05 Loy Yang Holdings Pty. Ltd. (Australian corporation) 100%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
06 Edison Mission Energy Australia Ltd. (formerly Mission Energy
Australia Ltd.) (Australian public company) 100%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
07 Latrobe Power Partnership (Australian partnership) 1%
08 Loy Yang B Joint Venture (Australian J.V.) [see 4.11]
06 Latrobe Power Pty. Ltd. (Australian corporation) 50%
07 Mission Victoria Partnership (Australian partnership)
08 Latrobe Power Partnership (Australian partnership)
09 Loy Yang B Joint Venture (Australian J.V.) [see 4.11]
06 Mission Energy Ventures Australia Pty. Ltd. (Australian
company) 100%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
07 Mission Victoria Partnership (Australian partnership) 1%
08 Latrobe Power Partnership (Australian partnership)
09 Loy Yang B Joint Venture (Australian J.V.) [see 4.11]
06 Traralgon Power Pty. Ltd. (Australian corporation) 50%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
07 Mission Victoria Partnership (Australian partnership)
46.69%
08 Latrobe Power Partnership (Australian partnership)
09 Loy Yang B Joint Venture (Australian J.V.) [see 4.11]
05 MEC Colombia B.V. (Netherlands company) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
05 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 Doga Enerji Uretim Sanayi ve Ticaret Anomin Sirketi (Turkish
corporation) 80%
Address: Merkez Man, Mahallesi Caddesi 11/8,
Esenyurt, Istanbul, Turkey
05 MEC IES B.V. (formerly MEC ESA B.V.) (Netherlands company)
(ISAB Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 ISAB Energy Services s.r.l. 49% (services co ISAB Project)
05 MEC India B.V. (Netherlands company) (Jojobera Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 Edison Mission Energy Power (Mauritius corporation) (formerly
Mission Energy, formerly Mission Energy Jojobera) (Branch
office in India)
Address: Louis Leconte Street, Curepipe, Mauritius
05 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 P. T. Adaro Indonesia 10%
Address: Suite 704, World Trade Centre, Jl. Jend.
Sudirman Kav. 31, Jakarta 12920 Indonesia
05 MEC Indonesia B.V. (Netherlands company) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 P. T. Paiton Energy Company (Indonesia company) (equity)
(Paiton Project) [see 4.12] 40%
Address: Mid Plaza 2, 15th Floor, Jl. Jend.
Sudirman Kav. 10-11, Jakarta 10220 Indonesia
05 MEC International Holdings B.V. (Netherlands corp) 100%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
PAGE 16
<PAGE>
06 Edison Mission Energy Asia Company (formerly Asia Power
Development Company) (Cayman Island) (inactive) 1%
07 Mission China Holdings Company (Cayman Island) (inactive)
07 Mission Ningbo Holdings Company (Cayman Island) (inactive)
06 Edison Mission Energy International B.V. (formerly MEC
Mission B.V.) (Netherlands company) 1%
06 MEC Colombia B.V. (Netherlands company) 1%
06 MEC Esenyurt B.V. (Netherlands company) (Doga Project) 1%
07 Doga Enerji Uretim Sanayi ve Ticaret A.S. (Turkish
corporation)
06 MEC IES B.V. (Netherlands company) (ISAB Project) 1%
07 ISAB Energy Services s.r.l.
06 MEC India B.V. (Netherlands company) 1%
07 Edison Mission Energy Power (Mauritius corporation)
(formerly Mission Energy, formerly Mission Energy
Jojobera)
06 MEC Indo Coal B.V. (Netherlands company) (Adaro Project) 1%
07 P. T. Adaro Indonesia 10%
06 MEC Indonesia B.V. (Netherlands company) 1%
07 P. T. Paiton Energy Company (Indonesia company) (equity)
(Paiton Project) [see 4.12] 40%
06 MEC Laguna Power B.V. (Netherlands company) (Thailand
Project) 1%
07 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40%
06 MEC Perth B.V. (Netherlands company) (Kwinana Project) 1%
07 Kwinana Power Partnership (Australian G.P.) [See 4.17]
06 MEC Priolo B.V. (Netherlands company) (ISAB Project) 1%
07 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see
4.13] 1% of 49% (quota, not shares)
06 MEC San Pascual B.V. (Netherlands company) 1%
07 San Pascual Cogeneration Company International B.V.
06 MEC Turkey B.V. (Netherlands company) 1%
06 MEC Wales B.V. (formerly MEC Global Services B.V.)
(Netherlands Company) 1%
07 First Hydro Holdings Company
08 First Hydro Finance plc
09 First Hydro Company [see 4.14]
07 Mission Hydro Limited Partnership (UK limited partnership)
08 First Hydro Holdings Company
09 First Hydro Finance plc
10 First Hydro Company [see 4.14]
06 Mission Energy Italia s.r.l. 1% (Office in Italy)
06 P.T. Mission Operation & Maintenance Indonesia (Indonesian
company) 1%
05 MEC Laguna Power B.V. (Netherlands co) (Malaya Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 Gulf Power Generation Co. Ltd. (Bangkok corporation) 40%
Address: 888/101 Mahatun Plaza Tower, 10th Floor, Ploenchit,
Lumphini, Patumwan, Bangkok 10330
05 MEC Perth B.V. (Netherlands company) (Kwinana Project) 99%
06 Kwinana Power Partnership (Australian G.P.) 99% [See 4.17]
Address: Level 23, St. Martins Tower
44 St George's Terrace, Perth WA 6000
05 MEC Priolo B.V. (Netherlands company) (ISAB Project) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
06 ISAB Energy, s.r.l. (Italian J.V. company) (equity) [see
4.13] 99% of 49% (quota, not shares)
Address: Corso Gelone No. 103, Siracusa, Sicily, Italy
05 MEC San Pascual B.V. (Netherlands company) 99%
Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands
06 San Pascual Cogeneration Company International B.V. 50%
Address: Croeselaan 18, 3521 GT Utrecht, The Netherlands
05 MEC Turkey B.V. (Netherlands company) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
05 MEC Wales B.V. (formerly MEC Global Services, B.V.)(Netherlands
company) 99%
Address: Croeselaan 18, 3500 GT Utrecht, The Netherlands
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06 First Hydro Holdings Company 1%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
07 First Hydro Finance plc 99%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
08 First Hydro Company [see 4.14]
Address: Bala House, St. David's Park
Ewloe, Dlwyd, Wales CH5 3XJ
06 Mission Hydro Limited Partnership 69%LP
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
07 First Hydro Holdings Company 99%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
08 First Hydro Finance plc 99%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
09 First Hydro Company [see 4.14]
Address: Bala House, St. David's Park
Ewloe, Dlwyd, Wales CH5 3XJ
05 Mission Energy Company (UK) Limited (United Kingdom private
limited company) 100%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Derwent Cogeneration Limited (United Kingdom private limited
liability company) (equity) [see 4.15] 33%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Edison Mission Energy Limited (formerly Mission Energy
Limited) (UK private limited company)
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Edison Mission Operation & Maintenance Limited (a United
Kingdom corporation)
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Mission Energy Services Limited (UK private limited company)
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Mission Hydro (UK) Limited
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
07 First Hydro Holdings Company 1%
08 First Hydro Finance plc 1%
09 First Hydro Company [see 4.14]
07 Mission Hydro Limited Partnership 1%GP
08 First Hydro Holdings Company 99%
09 First Hydro Finance plc
10 First Hydro Company [see 4.14]
06 Mission (No. 2) Limited (UK private limited company)
(formerly Mowlem Power Ltd.)
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Pride Hold Limited (United Kingdom corporation) 99%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
07 Lakeland Power Ltd. (United Kingdom private limited
liability company) [see 4.16] 80%
Address: Roosecote Power Station, Barrow-In-Furness,
Cumbria, England LA13 OPX
07 Lakeland Power Development Company (UK corporation) 100%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
05 Mission Energy Italia s.r.l. 90% Representative Office in Italy
Address: Villa Brasini, Via Flaminia 497, 00191 Rome Italy
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05 Pride Hold Limited (United Kingdom corporation) 1%
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
06 Lakeland Power Ltd. (United Kingdom private limited liability
company) [see 4.16]
Address: Roosecote Power Station, Barrow-In-Furness,
Cumbria, England LA13 OPX
06 Lakeland Power Development Company (UK corporation)
Address: Lansdowne House, Berkeley Square,
London W1X5DH England
05 Traralgon Power Pty. Ltd. (Australian corporation) 50%
Address: Southgate Complex, Level 20, Tower East,
40 City Road, South Melbourne, Victoria 3205
06 Mission Victoria Partnership (Australian partnership) 46.69%
07 Latrobe Power Partnership (Australian partnership)
08 Loy Yang B Joint Venture (Australian J.V.) [see 4.11]
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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.
Claimant is not a "public utility company" as that term is defined in
the Public Utility Holding Company Act of 1935 (the "Act") and does not
own any properties used for the generation, transmission and distribution
of electric energy for sale, or for the production, transmission and
distribution of natural or manufactured gas. None of Claimant's
subsidiaries, other than SCE, is a public utility company. SCE is an
"electric utility company" as defined in the Act and owns properties used
for the generation, transmission and distribution of electric energy for
sale, as described herein.
SCE owns and operates 12 oil- and gas-fueled generating plants, one
diesel-fueled generating plant, 38 hydroelectric plants and an undivided
75.05% interest in Units 2 and 3 of the San Onofre Nuclear Generating
Station. These plants are located in Central and Southern California and
the oil- and gas-fueled generating plants are supported by a fuel pipeline
and storage system. Of the above mentioned hydroelectric plants, one of
them, along with the diesel-fueled generating plant, serve isolated load
on Catalina Island. SCE also owns an undivided 15.8% interest in Units 1,
2 and 3 of the Palo Verde Nuclear Generating Station, located near
Phoenix, Arizona; and an undivided 48% interest in Units 4 and 5 of the
Four Corners Project, a coal-fueled steam electric generating plant in New
Mexico; all of which are operated by other utilities. SCE operates and
owns a 56% undivided interest in two coal-fueled steam electric generating
units at the Mohave Project in Clark County, Nevada. Schedule I attached
hereto contains a list of all of the SCE-owned generating plants with
their locations, initial dates of operation and generator nameplate
ratings.
SCE's transmission facilities consist of approximately 7,235 circuit
miles of 33kV, 55kV, 66kV, 115kV and 161kV lines, 3,470 circuit miles of
220kV lines, and 500kV line circuit miles consisting of 999.7 miles in
California, 125 miles in Nevada and 112 miles in Arizona, for a total
500kV miles of 1,236.7. SCE's distribution facilities consist of
approximately 61,319 overhead circuit miles and 30,080 underground circuit
miles, and 506 distribution substations, all of which are located in
California.
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<PAGE>
3. THE FOLLOWING INFORMATION FOR THE LAST CALENDAR YEAR WITH RESPECT TO
CLAIMANT AND EACH OF ITS SUBSIDIARY PUBLIC UTILITY COMPANIES:
(a) NUMBER OF KWH OF ELECTRIC ENERGY SOLD (AT RETAIL OR WHOLESALE),
AND MCF OF NATURAL OR MANUFACTURED GAS DISTRIBUTED AT RETAIL.
Claimant: None.
SCE: 73,784,170,000 kwh of electric energy sold at
retail or wholesale.
(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.
Claimant: None.
SCE: None.
(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.
Claimant: None.
SCE: 901,922,000 kwh of electric energy sold at
wholesale outside California 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.
Claimant: None.
SCE: 10,019,343,100 kwh of electric energy purchased
outside California or at the state line.
4. THE FOLLOWING INFORMATION FOR THE REPORTING PERIOD WITH RESPECT TO
CLAIMANT AND EACH INTEREST IT HOLDS DIRECTLY OR INDIRECTLY IN
AN EWG OR A FOREIGN UTILITY COMPANY, STATING MONETARY AMOUNTS
IN UNITED STATES DOLLARS:
(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.
(b) NAME OF EACH SYSTEM COMPANY THAT HOLDS AN INTEREST IN SUCH EWG
OR FOREIGN UTILITY COMPANY; AND DESCRIPTION OF THE INTEREST
HELD.
(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.
(d) CAPITALIZATION AND EARNINGS OF THE EWG OR FOREIGN UTILITY
COMPANY DURING THE REPORTING PERIOD.
(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).
<PAGE 21>
<PAGE>
4.01 EPZ MISSION FUNDING MU TRUST [FUCO]
(a) EPZ Mission Funding MU Trust ("EPZMFMT")
c/o Wilmington Trust Company, Rodney Square North,
1100 North Market Square, Wilmington, Delaware 19890-0004
EPZMFMT owns a 7.88% interest in the Amercentrale Power Station
Unit 9, which is leased to N.V. Elektriciteits-
Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands
Public Utility. The Amercentrale Power Station Unit 9 is a 600
megawatt (net) coal-fired cogeneration facility, with natural
gas back-up capability, located on 50 hectares (approximately
125 acres) at the Brabandt site in Geertruidenberg,
approximately 50 kilometers southeast of Rotterdam, The
Netherlands.
EPZMFMT has also acquired an undivided interest in or the right
to use certain transmission facilities leading from the
Amercentrale Power Station to the 150 kV grid owned by
Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the
distribution company that receives the power from Unit 9.
EPZMFMT also owns an interest in or rights to use transformers
and associated equipment of EPZ designed to step up the power
from the 21 kV level at the generator to the 150 kV level
required to enter the PNEM system. EPZMFMT has also acquired
rights to use certain other common facilities necessary to
permit operation of Unit 9.
(b) Edison International owns 100% of The Mission Group; The
Mission Group owns 100% of Edison Capital, which owns 100% of
Edison Funding Company, which owns 100% of Mission Funding
Epsilon, which owns 100% of Mission Funding Alpha, which owns
100% of Mission Funding Mu. EPZMFMT is a business trust
created under the laws of the State of Delaware. Mission
Funding Mu is the 100% beneficial owner of the beneficial
interest in EPZMFMT. Wilmington Trust Company is the trustee
of the Trust.
(c) Mission Funding Mu made a $13,000,000 equity investment in the
sale/leaseback, and funds were borrowed on a non-recourse basis
in the amount of $87,000,000, in order to acquire the interest
in the asset with a total cost of $100,000,000. Mission
Funding Mu also incurred out-of-pocket costs and fees of
approximately $1,750,000.
The Mission Funding Mu investment and the related obligations
have been guaranteed by its parent, Mission Funding Alpha.
(d) Capitalization or total equity = $13,000,000
Net income after taxes for 1996 = $1,219,234
(e) There are no contracts between EPZ and any system company.
4.02 EPZ MISSION FUNDING NU TRUST [FUCO]
(a) EPZ Mission Funding Nu Trust ("EPZMFNT")
c/o Wilmington Trust Company, Rodney Square North,
1100 North Market Square, Wilmington, Delaware 19890-0004
EPZMFNT owns a 17.72% interest in the Amercentrale Power
Station Unit 9, which is leased to N.V. Elektriciteits-
Produktiemaatshappij Zuid-Nederland ("EPZ"), a Netherlands
Public Utility. The Amercentrale Power Station Unit 9 is a 600
megawatt (net) coal-fired cogeneration facility, with natural
gas back-up capability, located on 50 hectares (approximately
PAGE 22
<PAGE>
125 acres) at the Brabandt site in Geertruidenberg,
approximately 50 kilometers southeast of Rotterdam, The
Netherlands.
EPZMFNT has also acquired an undivided interest in or the right
to use certain transmission facilities leading from the
Amercentrale Power Station to the 150 kV grid owned by
Provinciale Noordbrabantse Energie-Maatschappij ("PNEM"), the
distribution company that receives the power from Unit 9.
EPZMFNT also owns an interest in or rights to use transformers
and associated equipment of EPZ designed to step up the power
from the 21 kV level at the generator to the 150 kV level
required to enter the PNEM system. EPZMFNT has also acquired
rights to use certain other common facilities necessary to
permit operation of Unit 9.
(b) Edison International owns 100% of The Mission Group; The
Mission Group owns 100% of Edison Capital, which owns 100% of
Edison Funding Company, which owns 100% of Mission Funding
Epsilon, which owns 100% of Mission Funding Delta, which owns
100% of Mission Funding Nu. EPZMFNT is a business trust
created under the laws of the State of Delaware. Mission
Funding Nu is the 100% beneficial owner of the beneficial
interest in EPZMFNT. Wilmington Trust Company is the trustee
of the Trust.
(c) Mission Funding Nu made a $29,250,000 equity investment in the
sale/leaseback, and funds were borrowed on a non-recourse basis
in the amount of $195,750,000, in order to acquire the interest
in the asset with a total cost of $225,000,000. Mission
Funding Nu also incurred out-of-pocket costs and fees of
approximately $3,937,500.
The Mission Funding Nu investment and the related obligations
have been guaranteed by an affiliate, Mission Housing
Investments.
(d) Capitalization or total equity = $29,250,000
Net income after taxes for 1996 = $2,683,605
(e) There are no contracts between EPZ and any system company.
4.03 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG]
(a) Commonwealth Atlantic Limited Partnership ("CALP")
2837 South Military Highway, Chesapeake, VA 23323-0286
CALP is a 340 MW natural gas and distillate oil fired peaking
power generation facility selling power to Virginia Power (the
"Facility").
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which through its
subsidiary Hanover Energy Company owns Chickahominy River
Energy Corp. which in turn owns a 1% general partner interest
and a 49% limited partner interest in CALP.
(c) Chickahominy River Energy Corp. made a capital contribution of
$14,000,000 to CALP. Edison Mission Energy owns a 50% interest
through its wholly owned subsidiary Hanover Energy Company, in
CALP, which is the owner of the Facility. The Facility went
into operation on June 4, 1992.
(d) Capitalization or total equity = $14,000,000
Net income after taxes for 1996 = $642,081
PAGE 23
<PAGE>
(e) There are no contracts between CALP and any system company.
4.04 GORDONSVILLE ENERGY, L.P. [EWG]
(a) Gordonsville Energy, L.P. ("GELP")
115 Red Hill Road, Gordonsville, VA 22942
GELP is a gas fired cogeneration facility with the anticipated
net capacity during the winter months of 290 megawatts and 220
megawatts during the summer months. The electricity generated
by the facility will be sold to Virginia Electric & Power
Company under two executed 30-year Power Purchase Agreements.
The steam generated by the facility is sold to Rapidan Service
Authority. This facility is located one mile southwest of
Gordonsville, Virginia in Louisa County. GELP went into
operation on June 1, 1994.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which through its
subsidiaries Madison Energy Company ("Madison") and Rapidan
Energy Company ("Rapidan") owns 49% (LP) and 1% (GP)
respectively in GELP.
(c) Madison made a capital contribution of $25,823,000 and Rapidan
made a capital contribution of $527,000, providing a total
amount of $26,350,000. As a condition to receiving the
extension of credit necessary to develop GELP, Madison, Rapidan
and Jefferson Energy Company ("Jefferson"), a wholly owned
subsidiary of Edison Mission Energy which sold its interest to
Northern Hydro Limited, entered into separate Equity
Subscription Agreements with GELP with the condition that
Edison Mission Energy guaranty the obligations under such
agreements by entering into an Equity Subscription Agreement
Guaranty for each of Madison, Rapidan and Jefferson in an
amount not to exceed an aggregate of $55,250,000.
(d) Capitalization or total equity = $25,752,500
Net income after taxes for 1996 = $1,723,593
(e) Edison Mission Operation & Maintenance, Inc. ("MOMI") operates
this facility. MOMI received $728,000 in compensation as
operator in 1996.
4.05 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG]
(a) Brooklyn Navy Yard Cogeneration Partners, L.P. ("BNY")
366 Madison Avenue, Suite 1003, New York, NY 10017
BNY's facilities will consist of a 286MW combined cycle
cogeneration facility utilizing two Siemens V84.2 dual fuel
combustion turbines and one or two automatic extraction steam
turbines to be located within the existing Building 41 at
Brooklyn Navy Yard Industrial Park in Brooklyn, NY.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which through its
wholly owned subsidiary Mission Energy New York, Inc., owns 50%
of Brooklyn Navy Yard Cogeneration Partners, L.P.
(c) Capital contribution made by Edison Mission Energy through its
subsidiary Mission Energy New York, Inc., was in the amount of
$33,158,043. BNY obtained certain tax exempt bonds to finance
the BNY project ("Financing"). In connection with the
PAGE 24
<PAGE>
Financing, BNY entered into two reimbursement agreements with
Bank of America NT&SA and certain other lenders for two letters
of credit issued by BofA (i) to secure payment of the bonds
issued in the amount of $253,945,700 plus interest and (ii) to
secure BNY's indemnity to the New York City Industrial
Development Agency in connection with the actions taken by or
on behalf of the NYCIDA with respect to the BNY facility and
the Financing in the amount of $40,000,000 ("Reimbursement
Agreements"). As a condition of the issuance of the letters of
credit, Edison Mission Energy guaranteed the obligations of BNY
pursuant to the Reimbursement Agreements.
(d) Capitalization or total equity = $33,158,043
Net loss after taxes for 1996= ($23,191,192)
(e) Other than with respect to the Edison Mission Energy guarantee
as listed in Item (c) above, there are no contracts between BNY
and any system company.
4.06 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG]
(a) Nevada Sun-Peak Limited Partnership
200 South Virginia Street, Reno, Nevada 89501
Nevada Sun-Peak L.P. owns a three unit, natural gas and oil
fired combustion turbine generation facility designed to
produce a net output of approximately 210 MW. The combustion
turbines (General Electric PG 7111-EA-CTGs) are capable of
operating on either natural gas or No. 2 distillate fuel oil.
The transmission facilities associated with the plant are
owned by Nevada Power Company. The facility is located near
Las Vegas, Nevada. Commercial operation began on June 8,
1991.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Quartz Peak Energy Company, which in turn owns Nevada Sun-Peak
Limited Partnership, the exempt wholesale generator.
(c) The capital contribution of $8,125,500 was made by Quartz Peak
Energy Company.
(d) Capitalization or total equity = $8,125,500
Net income after taxes for 1996 = $641,285
(e) There are no contracts between Nevada Sun-Peak and any system
company.
4.07 IBERICA DE ENERGIAS, S.A. [FUCO]
(a) Iberica de Energias, S.A. ("Iberica")
Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain
Iberica's facilities consist of the following thirteen
mini-hydroelectric facilities which are capable of producing a
total of 40.82 MW:
1. Quintana: 1.48MW facility in Herrera de Valdecana,
Palencia
2. La Flecha: 2.66MW facility in Arroyo Encomienda,
Valladolid
3. Toro: 4.50MW facility in Toro, Zamora
4. Tudela: 1.48MW facility in Tudela de Duero, Valladolid
5. Sardon Bajo: 1.60MW facility in Villabanez, Valladolid
6. Bocos: 1.60MW facility in Bocos de Duero, Valladolid
7. Monasterio: 1.60MW facility in Quintanilla de Arriba,
Valladolid
PAGE 25
<PAGE>
8. Logrono: 3.68MW facility in Logrono, La Rioja
9. Mendavia: 5.60MW facility in Mendavia, Navarra
10. La Ribera: 4.40MW facility in Pradejon, La Rioja
11. Gelsa: 7.20MW facility in Gelsa, Zaragoza
12. Alos: 4.80MW facility in Alos de Balaguer, Lerida
13. Castellas: 2.25MW facility in Valls de Aguilar, Lerida
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which owns 100% of Iberian Hy-Power
Amsterdam B.V., which owns 90% of Hydro Energy B.V., which in
turns owns 100% of Iberica. MECI also owns directly 10% of
Hydro Energy B.V.
(c) The capital contribution made by MECI through Iberian Hy-Power
Amsterdam B.V. was $3,069,053. In August, 1993, MECI, through
its 34% ownership interest and its direct ownership interest in
Hydro Energy B.V., acquired an aggregate 40.6% interest in
Energias Hidraulicas, S.A. ("EH") from Energies, S.A., the
hydroelectric development subsidiary of Compagne Generale des
Eaux ("CGE"). Subsequently, EH sold Iberica and Mediterranea
to Hydro Energy B.V. CGE is a French water utility company.
EH is a Spanish holding company which will develop water right
concessions, but has no operating facilities. During 1996, the
five facilities previously owned by Compania Mediterranea de
Energias, S.A., were merged into Iberica. Also in 1996,
Energias Hidraulicas' name was changed to Edison Mission Energy
Espana, S.A.
In connection with the acquisition of EH, CGE provided to
Iberica and Mediterranea a 10-year limited revenue guaranty,
which allowed Iberica and Mediterranea to secure non-recourse
project financing. Consideration to CGE for the acquisition
of Iberica and Mediterranea included the assumption by Hydro
Energy B.V. of an existing loan with deferred payments to CGE
beginning in 1999 and ending in 2003. Edison Mission Energy
has provided a guaranty for any such deferred payments which
are outstanding as of September 30, 2003 (six months after the
due date for all such deferred payments). The guaranty by
Edison Mission Energy provides for no rights of acceleration by
CGE under any circumstances. At December 31, 1995, the present
value of the deferred payments will amount to $19.2 million
($46.6 million face value discounted at 11.5%).
(d) Capitalization or total equity = $25,922,000
Net Income after taxes for 1996 = $9,736,000
(e) There are no contracts between Iberica and any system company.
4.08 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO]
(a) Electrometalurgica del Ebro, S.A. ("EMESA")
Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain
EMESA's facilities consist of three mini-hydroelectric
facilities (Sastago I, Sastago II and Menza) all located near
the Ebro River in Zaragoza. The three mini-facilities are
masonry weir, concrete intake structures capable of producing
3 MW, 17.3 MW and 16.5 MW, respectively.
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<PAGE>
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which owns 100% of Iberian Hy-Power
Amsterdam B.V., which through its 90% interest in Hydro Energy
B.V. owns 100% of Iberica, which owns 91.4% of EMESA. MECI
also directly owns 10% of Hydro Energy B.V., which owns 100% of
Iberica, which owns 91.4% of EMESA.
(c) The capital contribution made by MECI through Iberian Hy-Power
Amsterdam B.V. was $3,140,000.
(d) Capitalization or total equity = $83,000
Net Loss after taxes for 1996 = ($355,000)
(e) There are no contracts between EMESA and any system company.
4.09 HIDROELECTRICA DE OLVERA, S.A. [FUCO]
(a) Hidroelectrica de Olvera, S.A. ("Olvera")
Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain
Olvera's facilities consist of a 2.2 MW mini-hydroelectric,
concrete dam facility located near the Guadalimar River, east
of Linares (Jaen).
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which owns 100% of Iberian Hy-Power
Amsterdam B.V., which owns 100% of Olvera.
(c) The capital contribution made by MECI through Iberian Hy-Power
Amsterdam B.V. was $142,733.
(d) Capitalization or total equity = $83,000
Net Loss after taxes for 1996 = ($354,000)
(e) There are no contracts between Olvera and any system company.
4.10 HIDROELECTRICA DEL SOSSIS, S.A. [FUCO]
(a) Hidroelectrica del Sossis, S.A. ("Sossis")
Paseo de Gracia 18, Planta 4, 08007, Barcelona, Spain
Sossis' facilities consist of a 3.75 MW concrete weir,
mini-hydroelectric facility located in Noguera Pallovesa, north
of Lerida, Catalonia.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which owns 100% of Iberian Hy-Power
Amsterdam B.V., which owns 100% of Sossis.
(c) The capital contribution made by MECI through Iberian Hy-Power
Amsterdam B.V. was $892,083.
(d) Capitalization or total equity = $1,788,000
Net Income after taxes for 1996 = $434,000
(e) There are no contracts between Sossis and any system company.
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4.11 LOY YANG B JOINT VENTURE [FUCO]
(a) Loy Yang B Joint Venture ("LYBJV")
Bartons Lane, Loy Yang, Victoria, Australia 3844
LYBJV owns two coal-fired generating units with generator name
plate ratings of 500,000 kW each, located in the Latrobe
Valley in the State of Victoria, Australia. Unit 1 began
commercial operation on September 30, 1993, and Unit 2 began
commercial operation on September 30, 1996.
(b) Edison International owns 100% of The Mission Group; The
Mission Group owns 100% of Edison Mission Energy, which owns
100% of Mission Energy Holdings International, Inc., which
owns 100% of MEC International B.V.; indirect, wholly owned
subsidiaries of MEC International B.V. collectively own 51%
of the interests in Loy Yang B Joint Venture, the foreign
utility company, as explained below.
The system-owned venturer is Latrobe Power Partnership
("LPP"), which owns the 51% interest. LPP is 1% owned by
Edison Mission Energy Australia Ltd (the managing general
partner) and 99% owned by Mission Victoria Partnership (a
general partner).
Edison Mission Energy Australia Ltd is wholly owned by Loy
Yang Holdings Pty Ltd, which is a wholly owned subsidiary of
MEC International B.V.
Mission Victoria Partnership is 52.31% owned by Latrobe Power
Pty Ltd (general partner), 46.69% owned by Traralgon Power Pty
Ltd (general partner), and 1% owned by Mission Energy Ventures
Australia Pty Ltd (managing general partner). Latrobe Power
Pty Ltd and Traralgon Power Pty Ltd are both owned 50% by MEC
International B.V. and 50% by Loy Yang Holdings Pty Ltd.
Mission Energy Ventures Australia Pty Ltd is wholly owned by
Loy Yang Holdings Pty Ltd, which is owned as described above.
(c) LPP's capital contribution = US$285,003,038
Guarantees
1. EME Undertaking
In the document between Edison Mission Energy and the Bank
Group entitled "MEC Undertaking," Edison Mission Energy is
obligated (i) to support all performance obligations of
Edison Mission Operation & Maintenance Loy Yang Pty Ltd
("EMOMILY") (the Operator under the Operation and
Maintenance Agreement) and (ii) to provide up to
US$3,381,000 in any year to EMOMILY in the event that
EMOMILY incurs certain liabilities under the Operation and
Maintenance Agreement.
2. Guarantees Related to Equity Infusion
In the following described document, EME has basically
guaranteed, inter alia, the same obligations of LLP
contained in the Credit Facility to provide equity:
a. Equity Support Guarantee
In the document between Edison Mission Energy and the Bank
Group entitled "Equity Support Guarantee," Edison Mission
Energy is obligated to provide equity during or at the end
of the construction period to meet shortfalls or financial
ratios in the event the amount contributed under the equity
subscription deed is insufficient to meet such shortfalls
or ratios. This document contains the following separate
obligations:
PAGE 28
<PAGE>
(1) The obligation to provide the greater of 25% of the
maximum aggregate loan commitments under the Credit
Facilities upon completion of construction of Unit 2
of the Loy Yang B Project or an amount that provides
a loan life cover ratio of 1.35 plus (2) six months
interest on the (1) amount.
(2) The obligation to provide an amount equal to the
difference between forecast project revenues based
on an adjusted tariff, in the situation where the
tariff adjustment results from a decrease in
construction costs due to construction drawdowns
occurring slower than scheduled.
(d) LPP's Net Income after taxes for 1966 = US$25,199,727
LPP's Equity = US$285,003,038
(e) An indirect, wholly owned subsidiary of MEC International B.V.,
Edison Mission Operation & Maintenance, Inc., operates the
generating plant pursuant to an operating and maintenance
contract. The intermediate holding company of Edison Mission
Operation & Maintenance Loy Yang Pty Ltd. is Edison Mission
Energy Holdings Pty Ltd. As operator, Edison Mission Operation
& Maintenance Loy Yang Pty Ltd. performs the following
services: management and supervision of the construction
commissioning, testing, operation and maintenance of the Loy
Yang B power station on behalf of the joint venture
participants.
In 1996, Edison Mission Operation & Maintenance Loy Yang Pty
Ltd was paid as follows: Management Fee -- US$1,800,000;
Operator Performance Incentive -- US$2,100,000
4.12 P. T. PAITON ENERGY COMPANY [FUCO]
(a) P. T. Paiton Energy Company ("Paiton")
Mid Plaza 2, 15th Floor, Jl. Jend. Sudirman Kav. 10-11
Jakarta 10220 Indonesia
Paiton's facilities consist of two coal-fired electric
generating units (under development) in Paiton, Indonesia, on
the northeast Java coast. Each unit has a nominal net design
capacity of 605MW and will be comprised of a boiler and steam
turbine generator with ancillary facilities. The two units
will share a control room.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which directly owns 99% of MEC
Indonesia B.V. and through its wholly owned subsidiary MEC
International Holdings B.V. indirectly owns the remaining 1%
of MEC Indonesia B.V.; MEC Indonesia B.V. owns 40% of P. T.
Paiton Energy Company.
(c) Capital contribution made by Edison Mission Energy through MEC
Indonesia B.V. to Paiton was in the amount of $38,335,385.43.
Edison International, Edison Mission Energy, MEC Indonesia
B.V., MEC International B.V., and MEC International Holdings
B.V. have entered into an Equity Support Agreement wherein each
jointly and severally guarantees payment of 47.06% of Paiton's
obligations to contribute base equity, overrun equity, and
contingent overrun equity to the Project. The total EME
<PAGE 29> <PAGE>
commitment is $462,000,000. The initial value of said
obligation was $374,275,000; current value as of December 31,
1996, is $337,000,000.
(d) Capitalization or total equity = $38,335,385.43
Paiton is in development stages; anticipated date of operation
is late 1999.
(e) (1) Edison Mission Energy Asia Pte. Ltd., the wholly owned
Singapore corporation of MEC International B.V., has
entered into an Operation and Maintenance Agreement with P.
T. Paiton Energy Company to provide operation and
maintenance services. This Operation and Maintenance
Agreement will be assigned to P.T. Mission Operation &
Maintenance Indonesia, another indirect subsidiary of
Edison Mission Energy.
(2) Mission Energy Construction Services, Inc. ("MECSI"), a
wholly owned subsidiary of Edison Mission Energy, entered
into a Secondment Agreement with Paiton on April 20, 1995
("Agreement"). MECSI is to recruit and second appropriate
personnel to Paiton in connection with the construction of
the Paiton facility. MECSI will receive compensation in
the amount of US$25,000 from Paiton for the provision of
seconded personnel. MECSI executed a letter of
confirmation relating to the Agreement on April 21, 1995,
which states that in the event the salaries, benefits,
wages, taxes and expenses ("Costs") of the seconded
personnel equal an amount less than $6.975 million at the
beginning of the 59th month following the commencement of
construction under the construction contract, Paiton is to
immediately pay the difference to MECSI or its designee in
US dollars. In the event the Costs exceed $6.975 million,
then MECSI shall pay to Paiton the amount of such overage.
(3) MECSI and Paiton entered into an Owner Representative
Agreement on March 31, 1995, wherein MECSI is authorized
to represent Paiton with regard to overseas suppliers and
procurement on the construction of the facility and
interface with the contractor and Perussahan Umum Listrik
Negara, the Indonesian state-owned utility, on technical,
budgeting, and scheduling matters. Under this agreement,
MECSI is to receive compensation in the amount of US$8
million payable in arrears in accordance with a schedule
attached to the Owner Representative Agreement.
4.13 ISAB ENERGY, s.r.l. [FUCO]
(a) ISAB Energy, s.r.l. ("ISAB")
Corso Gelone No. 103, Siracusa, Sicily, Italy
ISAB's facilities will consist of a 512MW integrated
gasification and combined cycle power plant, located in Priolo
Gargallo, 8 km. from Siracusa, Sicily, on approximately 100
hectares of land.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100%
of MEC International B.V., which directly owns 99% of MEC
Priolo B.V. and through its wholly owned subsidiary MEC
International Holdings B.V. indirectly owns the remaining 1%
of MEC Priolo B.V., MEC Priolo B.V. owns 49% of ISAB Energy,
s.r.l.
<PAGE 30>
<PAGE>
(c) Capital contribution made by Edison Mission Energy through
MEC Priolo B.V. was in the amount of US$12,623,000.
(d) Capitalization or total equity = $6,264,247
Net income after taxes for 1996 = $0
ISAB is scheduled to become operational by July 1, 2001.
(e) There are no contracts between ISAB and any system company.
4.14 FIRST HYDRO COMPANY [FUCO]
(a) First Hydro Company ("First Hydro")
Bala House, St. David's Park, Ewloe, Clwyd, Wales CH5 3XJ
The principal assets of First Hydro are two pumped storage
stations located in North Wales at Dinorwig and Ffestiniog
which have a combined registered capacity of 2,088MW. These
facilities were built to provide additional generation for
meeting peak demand throughout the day and to provide rapid
generation response to sudden changes in electricity demands.
(b) Edison International's wholly owned subsidiary The Mission
Group owns 100% of Edison Mission Energy, which through its
subsidiaries (i) wholly owned Mission Energy Wales Company,
owns 30%LP of Mission Hydro Limited Partnership, which in turn
owns 99% of First Hydro Holdings Company, which owns 100% of
First Hydro Finance plc, which owns 1% of First Hydro Company;
(ii) wholly owned Mission Energy Holdings International, Inc.
owns 100% of MEC International B.V., which owns 100% of Mission
Energy Company (UK) Limited, which owns 100% of Mission Hydro
(UK) Limited, which in turn directly owns 1% of First Hydro
Holdings Company and indirectly owns the remaining 99% of First
Hydro Holdings Company through its 1%GP interest in Mission
Hydro Limited Partnership, First Hydro Holdings Company owns
100% of First Hydro Finance plc, which in turn owns 100% of
First Hydro Company; and (iii) the wholly owned subsidiary
Mission Energy Holdings International, Inc. owns 100% of MEC
International B.V. which directly owns 99% of MEC Wales B.V.
and through its wholly owned subsidiary MEC International
Holdings B.V. indirectly owns the remaining 1% of MEC Wales
B.V., MEC Wales B.V. owns 69%LP of Mission Hydro Limited
Partnership which owns 99% of First Hydro Holdings Company,
which owns 100% of First Hydro Finance plc, which owns 100% of
First Hydro Company.
(c) First Hydro Finance plc ("First Hydro Finance"), indirect
subsidiary of Edison Mission Energy, purchased all of the
outstanding shares of First Hydro Company for $1.0 billion plus
$45.7 million as consideration for the working capital of First
Hydro at the date of acquisition. This acquisition was funded
through a combination of (i) a $621.4 million credit facility
with Barclays Bank Plc, (ii) a $350 million capital
contribution from Edison International, and (iii) the remaining
$104.9 came from Edison Mission Energy's working capital.
First Hydro Finance obtained the financing for First Hydro
Holdings Company, a wholly owned indirect subsidiary of Edison
Mission Energy. To support the financing for First Hydro
Finance, Edison Mission Energy issued two letters of credit
from its $400 million corporate revolving credit.
(i) Revenue Support Letter of Credit - This 12 million sterling
pound Letter of Credit was issued in favor of First Hydro
Finance and assigned to Prudential Trustee Company Limited
as security trustee. The Revenue Support Letter of Credit
must be provided during the initial five years of financing
<PAGE 31> <PAGE>
and be issued from the bank in short-term ratings of at
least A-1/P-1. The Revenue Support Letter of Credit may be
used to make up any shortfalls in interest payments owing
and may also be used toward curing any default arising from
interest coverage ratios dropping below 1.05 to 1.0 for
applicable reference periods.
(ii) Debt Service Reserve Letter of Credit - This 16 million
sterling pound Letter of Credit was issued in favor of
First Hydro Finance and issued to Prudential Trustee
Company Limited as security trustee. The Debt Service
Reserve Letter of Credit meets the requirement that the
debt service reserve account contain at least 6 months of
interest under the bank credit facility agreement with
Barclays Bank Plc.
(d) Capital Contribution = $405,513,507
Net income after taxes for 1996 = $39,967,066
(e) There are no contracts between First Hydro and any system
company.
4.15 DERWENT COGENERATION LIMITED [FUCO]
(a) Derwent Cogeneration Limited ("Derwent")
Lansdowne House, Berkeley Square, London W1X5DH England
The 214 MW plant at Spondon, Derbyshire, England, went into
operation in 1995.
(b) Edison International owns 100% of The Mission Group; The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100% of
MEC International B.V.; MEC International B.V. owns 100% of
Mission Energy Company (UK) Limited which owns 33% of Derwent
Cogeneration Limited.
(c) Total capital contribution = US$12,485,130 (approx.)
(d) Capitalization or total equity = US$17,385,018
Net Income after taxes for 1996 = US$2,379,468
(e) Mission Energy Services Limited ("MESL") provided construction
management services to Derwent Cogeneration Limited throughout
the construction phase of the project and is now the operator of
the facility. MESL is to receive a fixed fee of US$381,470 per
year for operation and maintenance services as well as
reimbursement from Derwent for expenditures incurred for
operation and maintenance services; however, in 1995, MESL only
received US$255,584 for nine months of service. MESL received
a one-time fee of US$65,535 in 1995.
4.16 LAKELAND POWER LTD. [FUCO]
(a) Lakeland Power Ltd.
Roosecote Power Station, Barrow-in-Furness
Cumbria, England LA13 OPX
Lakeland's facilities consist of a 220 MW gas fired combined
cycle electricity generation plant.
(b) Edison International owns 100% of The Mission Group; The Mission
Group owns 100% of Edison Mission Energy, which owns 100% of
Mission Energy Holdings International, Inc., which owns 100% of
MEC International B.V.; MEC International B.V. ("MECI"), owns
2 shares (1%) of Pride Hold Limited and 100 shares (100%) of
<PAGE 32> <PAGE>
Mission Energy Company (UK) Limited; Mission Energy Company (UK)
Limited owns 99% of Pride Hold Limited and MECI owns 1%. Pride
Hold Limited owns 80% of Lakeland Power Ltd. Pride Hold Limited
owns 100% of Lakeland Power Development Company.
(c) The capital contribution made by MECI through Pride Hold
Limited was $2,617,149.
(d) Capitalization or total equity = $0.
Net income after taxes for 1996 = US$5,661,269.
(e) There are no contracts between Lakeland and any system company.
4.17 KWINANA POWER PARTNERSHIP
(a) Kwinana Power Partnership ("KPP")
c/o Edison Mission Energy Holdings Pty. Ltd.
Southgate Complex
Level 20, HWT Tower
40 City Road
South Melbourne, Australia
KPP's facilities used for the generation, transmission, or
distribution of electric energy for sale consist of a 116 MW
gas-fired combined cycle cogeneration plant at the oil refinery
owned and operated by British Petroleum Refinery Proprietary
Limited at Kwinana near Perth, Australia, and interconnection
equipment necessary to connect the plant with the refinery and
with KPP's wholesale purchaser, Western Power Corporation. KPP
commenced operation in December 1996.
(b) Edison International owns 100% of The Mission Group; The
Mission Group owns 100% of Edison Mission Energy, which owns
100% of Mission Energy Holdings International, Inc., which owns
100% of MEC International B.V.; indirect, wholly owned
subsidiaries of MEC International B.V. collectively own 100% of
the interests of KPP, the foreign utility company.
(c) The Shareholder and Equity Subscription Agreement provides for
an equity contribution from MEC Perth B.V. to be made upon
conversion from a construction loan to a term loan which is
scheduled for late 1996; Edison Mission Energy is obligated to
contribute the equity required to be paid by its subsidiary.
The equity contribution is approximately $25,000,000. No
capital contribution was made.
(d) Capitalization or total equity = $0
Net loss after taxes for 1996 = ($141,926)
(e) An indirect, wholly owned subsidiary of MEC International B.V.,
Edison Mission Operations (Kwinana) Pty Ltd ("EMOK"), operates
the facility pursuant to an operation and maintenance
agreement. As operator, EMOK received $72,000 in compensation
as operator in 1996.
PAGE 33
<PAGE>
EXHIBIT A
A CONSOLIDATING STATEMENT OF INCOME AND SURPLUS OF THE CLAIMANT AND
ITS SUBSIDIARY COMPANIES FOR THE LAST CALENDAR YEAR, TOGETHER WITH A
CONSOLIDATING BALANCE SHEET OF CLAIMANT AND ITS SUBSIDIARY COMPANIES AS
OF THE CLOSE OF SUCH CALENDAR YEAR.
EXHIBIT B
FINANCIAL DATA SCHEDULE.
EXHIBIT C
AN ORGANIZATIONAL CHART SHOWING THE RELATIONSHIP OF EACH EWG OR
FOREIGN UTILITY COMPANY TO ASSOCIATE COMPANIES IN THE HOLDING COMPANY
SYSTEM.
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 28th day of
February, 1997.
EDISON INTERNATIONAL
By Kenneth S. Stewart
-----------------------------
Kenneth S. Stewart
Assistant General Counsel
Corporate Seal
Attest:
Bonita J. Smith
- ----------------------------
Bonita J. Smith
Assistant Secretary
NAME, TITLE AND ADDRESS OF OFFICER TO WHOM NOTICES AND CORRESPONDENCE
CONCERNING THIS STATEMENT SHOULD BE ADDRESSED:
Kenneth S. Stewart Assistant General Counsel
- ------------------------------------------------------------------------
(Name) (Title)
2244 Walnut Grove Avenue, Post Office Box 999, Rosemead, CA 91770
- ------------------------------------------------------------------------
(Address)
<PAGE 34>
<PAGE>
Schedule I
Southern California Edison Company
MAIN SYSTEM Electric Generating Properties
- -----------
SCE OWNED
- ------------
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
OIL & GAS:
- ----------
<S> <C> <C> <C> <C>
Alamitos Los Angeles 1 Sep 11, 1956 163,200
2 Feb 19, 1957 163,200
3 Dec 04, 1961 333,000
4 Jun 01, 1962 333,000
5 Mar 05, 1966 495,000
6 Sep 06, 1966 495,000
7CT Jul 01, 1969 138,125
-----------
TOTAL PLANT 2,120,525
Cool Water San Bernardino 1 Jun 15, 1961 65,280
2 May 01, 1964 81,600
3CC May 31, 1978 290,000
4CC Aug 31, 1978 290,000
----------
TOTAL PLANT 726,880
Ellwood Santa Barbara 1CT Aug 01, 1974 56,700
El Segundo Los Angeles 1 May 25, 1955 156,250
2 Aug 27, 1956 156,250
3 Aug 01, 1964 342,000
4 Apr 01, 1965 342,000
----------
TOTAL PLANT 996,500
Etiwanda San Bernardino 1 Jul 09, 1953 122,500
2 Nov 23, 1953 122,500
3 May 01, 1963 333,000
4 Oct 18, 1963 333,000
5CT Jan 01, 1969 138,125
----------
TOTAL PLANT 1,049,125
Highgrove San Bernardino 1 Aug 01, 1952 34,500
2 Jul 01, 1952 34,500
3 Nov 20, 1953 50,000
4 Oct 23, 1955 50,000
----------
TOTAL PLANT 169,000
Huntington Beach Orange 1 Jun 30, 1958 217,600
2 Dec 05, 1958 217,600
3 May 22, 1961 217,600
4 Jul 09, 1961 217,600
5CT Apr 01, 1969 138,125
----------
TOTAL PLANT 1,008,525
</TABLE>
<PAGE 35>
<PAGE>
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
OIL & GAS: (continued)
- ----------------------
<S> <C> <C> <C> <C>
Long Beach Los Angeles 8CC Dec 31, 1976 334,500
9CC Apr 30, 1977 252,000
----------
TOTAL PLANT 586,500
Mandalay Ventura 1 May 15, 1959 217,600
2 Aug 27, 1959 217,600
3CT Apr 01, 1970 138,125
----------
TOTAL PLANT 573,325
Ormond Beach Ventura 1 Dec 14, 1971 806,400
2 Jun 01, 1973 806,400
----------
TOTAL PLANT 1,612,800
Redondo Los Angeles 1 Mar 01, 1948 66,000
2 Apr 17, 1948 69,000
3 Aug 31, 1949 66,000
4 Oct 10, 1949 69,000
5 Oct 11, 1954 156,250
6 Jul 15, 1957 163,200
7 Feb 01, 1967 495,000
8 Jul 01, 1967 495,000
----------
TOTAL PLANT 1,579,450
San Bernardino San Bernardino 1 Jun 15, 1957 65,280
2 Jul 01, 1958 65,280
----------
TOTAL PLANT 130,560
==========
TOTAL OIL & GAS: 10,609,890
----------------
COAL:
----
Four Corners San Juan, NM 4 Jul 01, 1969 818,100
Owned by Others - 52% (425,412)
----------
Owned by SCE - 48% 392,688
5 Jul 01, 1970 818,100
Owned by Others - 52% (425,412)
----------
Owned by SCE - 48% 392,688
==========
TOTAL SCE 785,376
Mohave Clark, NV 1 Apr 01, 1971 818,100
Owned by Others - 44% (359,964)
----------
Owned by SCE - 56% 458,136
2 Oct 01, 1971 818,100
Owned by Others - 44% (359,964)
----------
Owned by SCE - 56% 458,136
==========
TOTAL SCE 916,272
==========
TOTAL COAL: 1,701,648
----------
</TABLE>
<PAGE 36>
<PAGE>
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
NUCLEAR:
- --------
<S> <C> <C> <C> <C>
San Onofre San Diego 1 Jan 01, 1968 0
Owned by Others - 20% 0
----------
Owned by SCE - 80% 0
2 Aug 08, 1983 1,127,000
Owned by Others - 24.95% (281,185)
----------
Owned by SCE - 75.05% 845,815
3 Apr 01, 1984 1,127,000
Owned by Others - 24.95% (281,185)
----------
Owned by SCE - 75.05% 845,815
==========
TOTAL SCE 1,691,630
Palo Verde Maricopa, AZ 1 Feb 01, 1986 1,403,100
Owned by Others - 84.2% (1,181,410)
----------
Owned by SCE - 15.8% 221,690
2 Sep 19, 1986 1,403,100
Owned by Others - 84.2% (1,181,410)
----------
Owned by SCE - 15.8% 221,690
3 Jan 20, 1988 1,403,100
Owned by Others - 84.2% (1,181,410)
----------
Owned by SCE - 15.8% 221,690
==========
TOTAL SCE 665,070
==========
TOTAL NUCLEAR: 2,356,700
-------------
HYDRO:
- ------
NORTHERN REGION HYDROELECTRIC PLANTS:
- ------------------------------------
Big Creek #1 Fresno 1 Nov 08, 1913 19,800
2 Nov 08, 1913 15,750
3 Jul 12, 1923 21,600
4 Jun 08, 1925 28,000
----------
TOTAL PLANT 85,150
Big Creek #2 Fresno 3 Dec 18, 1913 15,750
4 Jan 11, 1914 15,750
5 Feb 01, 1921 17,500
6 Mar 31, 1925 17,500
----------
TOTAL PLANT 66,500
Big Creek #2A Fresno 1 Aug 06, 1928 55,000
2 Dec 21, 1928 55,000
----------
TOTAL PLANT 110,000
Big Creek #3 Fresno & Madera 1 Oct 03, 1923 34,000
2 Sep 30, 1923 34,000
3 Oct 05, 1923 34,000
4 Apr 28, 1948 36,000
5 Feb 24, 1980 36,450
----------
TOTAL PLANT 174,450
</TABLE>
<PAGE 37>
<PAGE>
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
NORTHERN REGION HYDROELECTRIC PLANTS: (continued)
- ------------------------------------
<S> <C> <C> <C> <C>
Big Creek #4 Fresno & Madera 1 Jun 12, 1951 50,000
2 Jul 02, 1951 50,000
----------
TOTAL PLANT 100,000
Big Creek #8 Fresno 1 Aug 16, 1921 30,000
2 Jun 08, 1929 45,000
----------
TOTAL PLANT 75,000
Kaweah #1 Tulare 1 May 25, 1929 2,250
Kaweah #2 Tulare 2 Sep 13, 1929 1,800
Kaweah #3 Tulare 1 May 29, 1913 2,400
2 May 29, 1913 2,400
----------
TOTAL PLANT 4,800
Mammoth Pool Madera 1 Mar 28, 1960 95,000
2 Mar 28, 1960 95,000
----------
TOTAL PLANT 190,000
Portal Fresno 1 Dec 22, 1956 10,800
John S. Eastwood Fresno 1 Dec 01, 1987 199,800
Tule River Tulare 1 Sep 14, 1909 1,260
2 Sep 14, 1909 1,260
----------
TOTAL PLANT 2,520
==========
TOTAL NORTHERN REGION HYDRO PLANTS 1,023,070
----------------------------------
EASTERN REGION HYDROELECTRIC PLANTS:
- -----------------------------------
Fontana San Bernardino 1 Dec 22, 1917 1,475
2 Dec 22, 1917 1,475
----------
TOTAL PLANT 2,950
Kern River #1 Kern 1 May 19, 1907 6,570
2 Jun 07, 1907 6,570
3 Jul 29, 1907 6,200
4 Jun 27, 1907 6,570
----------
TOTAL PLANT 25,910
Kern River #3 Kern 1 May 13, 1921 20,500
2 Mar 22, 1921 19,670
----------
TOTAL PLANT 40,170
Kern River-Borel Kern 1 Dec 31, 1904 3,000
2 Dec 31, 1904 3,000
3 Jan 23, 1932 6,000
----------
TOTAL PLANT 12,000
</TABLE>
PAGE 38
<PAGE>
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
EASTERN REGION HYDROELECTRIC PLANTS: (continued)
- -----------------------------------
<S> <C> <C> <C> <C>
Lytle Creek San Bernardino 1 Oct 23, 1904 250
2 Sep 15, 1904 250
----------
TOTAL PLANT 500
Ontario #1 Los Angeles 1 Dec 00, 1902 200
2 Dec 00, 1902 200
3 Dec 00, 1902 200
----------
TOTAL PLANT 600
Ontario #2 Los Angeles 1 Jun 13, 1963 320
San Gorgonio #1 Riverside 1 Dec 05, 1923 1,500
San Gorgonio #2 Riverside 1 Dec 17, 1923 938
Santa Ana #1 San Bernardino 1 Feb 14, 1899 800
2 Feb 10, 1899 800
3 Jan 09, 1899 800
4 Jan 10, 1899 800
----------
TOTAL PLANT 3,200
Santa Ana #2 San Bernardino 1 Jun 07, 1905 400
2 May 20, 1905 400
----------
TOTAL PLANT 800
Santa Ana #3 San Bernardino 1 Apr 01, 1947 1,200
Sierra Los Angeles 1 Jan 12, 1922 240
2 Feb 16, 1922 240
----------
TOTAL PLANT 480
Mill Creek #1 San Bernardino 1 Sep 07, 1893 800
Mill Creek #2 San Bernardino 1 Aug 03, 1904 250
Mill Creek #3 San Bernardino 3 Mar 20, 1903 1,000
4 Jan 23, 1904 1,000
5 Mar 03, 1904 1,000
----------
TOTAL PLANT 3,000
Bishop Creek #2 Inyo 1 Nov 00, 1908 2,500
2 Nov 00, 1908 2,500
3 Jun 00, 1911 2,320
----------
TOTAL PLANT 7,320
Bishop Creek #3 Inyo 1 Jun 12, 1913 2,750
2 Jun 12, 1913 2,340
3 Jun 12, 1913 2,500
----------
TOTAL PLANT 7,590
</TABLE>
PAGE 39
<PAGE>
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
EASTERN REGION HYDRO PLANTS:(continued)
- ---------------------------------------
<S> <C> <C> <C> <C>
Bishop Creek #4 Inyo 1 Sep 20, 1905 1,000
2 Sep 20, 1905 1,000
3 1906 1,985
4 Oct 01, 1907 1,985
5 1909 1,985
----------
TOTAL PLANT 7,955
Bishop Creek #5 Inyo 1 May 30, 1943 2,000
2 Jun 01, 1919 2,532
----------
TOTAL PLANT 4,532
Bishop Creek #6 Inyo 1 Mar 12, 1913 1,600
Lundy Mono 1 Dec 09, 1911 1,500
2 Feb 02, 1912 1,500
----------
TOTAL PLANT 3,000
Poole Mono 1 1924 11,250
Rush Creek Mono 1 Oct 17, 1916 4,400
2 Dec 11, 1917 4,000
----------
TOTAL PLANT 8,400
==========
TOTAL EASTERN REGION HYDROELECTRIC PLANTS 146,265
-----------------------------------------
TOTAL HYDROELECTRIC PLANTS 1,169,335
- -------------------------- ==========
OTHER:
- ------
SYN FUEL,IGCC - DEMO:
---------------------
Cool Water Coal San Bernardino 1 Jun 24, 1984 100,000
BATTERY STORAGE:
----------------
Chino Battery StorageChino 1 Jan 03, 1991 10,000
----------
TOTAL OTHER: 110,000
- ------------
TOTAL SCE OWNED RESOURCES (MAIN SYSTEM): 15,946,778
========================================== ==========
</TABLE>
PAGE 40
<PAGE>
ISOLATED SYSTEMS:
- -----------------
<TABLE>
<CAPTION>
Generator Name
Location Unit Date of Plate Rating
Name of Plant County No. Operation kW
- ------------- -------- ---- --------- -----------
<S> <C> <C> <C> <C>
Pebbly Beach (Diesel)Los Angeles 7 Jul 03, 1958 1,000
(Catalina) 8 Jun 26, 1963 1,500
10 Jul 25, 1966 1,125
12 Jun 18, 1976 1,550
14 Oct 24, 1986 1,400
15 Dec 31, 1995 2,800
----------
9,375
Catalina Hydro Los Angeles 1 May 05, 1983 30
(Catalina) 2 Jul 24, 1985 22
3 Jul 24, 1985 57
----------
109
==========
TOTAL SCE OWNED RESOURCES: 9,484
- -----------------------------
TOTAL ISOLATED SYSTEMS RESOURCES: 9,484
================================ ==========
</TABLE>
<PAGE 41>
<PAGE>
Attached hereto as Exhibit A are the following financial statements
dated as of December 31, 1996, or for the year then ended:
A.1. Edison International and Subsidiaries Consolidating Balance Sheet.
[Pages 44-47]
A.2. Edison International and Subsidiaries Consolidating Statements of
Income and Retained Earnings. [Pages 48-49]
A.3. Southern California Edison Company and Subsidiaries Consolidating
Balance Sheet. [Pages 50-55]
A.4. Southern California Edison Company and Subsidiaries Consolidating
Statements of Income and Retained Earnings. [Pages 56-58]
A.5. Southern California Edison Company and Subsidiaries Equity
Investments. [Page 59]
A.6. Edison Enterprises and Subsidiaries Consolidating Balance Sheet.
[Pages 60-61]
A.7. Edison Enterprises and Subsidiaries Consolidating Statement of
Income and Retained Earnings. [Page 62]
A.8. The Mission Group Consolidating Balance Sheet. [Pages 63-68]
A.9. The Mission Group Consolidating Statements of Income and Retained
Earnings. [Pages 69-71]
A.10. Edison Capital and Subsidiaries Consolidating Balance Sheet.
(ASSETS) [Pages 72-97] (LIABILITIES) [Pages 92-123]
A.11. Edison Capital and Subsidiaries Consolidating Statements of Income
and Retained Earnings. [Pages 124-149]
A.12. Edison Capital Equity Investments in Real Estate Limited
Partnerships. [Pages 150-190]
A.13. Mission Land Company and Subsidiaries Consolidating Balance Sheet.
[Pages 191-202]
A.14. Mission Land Company and Subsidiaries Consolidating Statements of
Income and Retained Earnings. [Pages 203-208]
A.15. Mission Land Company and Subsidiaries Equity Investments. [Page
209]
A.16. Mission Power Engineering Company and Subsidiaries Consolidating
Balance Sheet. [Pages 210-213]
A.17. Mission Power Engineering Company and Subsidiaries Consolidating
Statements of Income and Retained Earnings. [Pages 214-215]
A.18. Edison Mission Energy and Subsidiaries Consolidating Balance Sheet.
[Pages 216-273]
A.19. Edison Mission Energy and Subsidiaries Consolidating Statements of
Income and Retained Earnings. [Pages 274-302]
A.20. Edison Mission Energy and Subsidiaries Equity Investments. [Pages
303-315]
A.21. Hanover Energy Company Consolidating Balance Sheet. [Pages 316-
319]
A.22. Hanover Energy Company Consolidating Statements of Income and
Retained Earnings. [Pages 320-321]
A.23. Mission Energy Fuel Company Consolidating Balance Sheet. [Pages
322-327]
A.24. Mission Energy Fuel Company Consolidating Statements of Income and
Retained Earnings. [Pages 328-330]
A.25. MEC International B.V. Consolidating Balance Sheet. [Pages 331-
350]
A.26. MEC International B.V. Consolidating Statements of Income and
Retained Earnings. [Pages 351-360]
A.27. MEC International B.V., Edison Mission Energy Asia Company
Consolidating Balance Sheet. [Pages 361-364]
A.28. MEC International B.V., Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings. [Pages
365-366]
A.29. MEC International B.V., Edison Mission Energy Asia Pte Ltd.
Consolidating Balance Sheet. [Pages 367-370]
A.30. MEC International B.V., Edison Mission Energy Asia Pte Ltd.
Consolidating Statements of Income and Retained Earnings. [Pages
371-372]
PAGE 42
<PAGE>
A.31. MEC International B.V., Edison Mission Energy Holdings Pty. Ltd.
Consolidating Balance Sheet. [Pages 373-378]
A.32. MEC International B.V., Edison Mission Energy Holdings Pty. Ltd.
Consolidating Income Statement. [Pages 379-381]
A.33. MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating
Balance Sheet. [Pages 382-387]
A.34. MEC International B.V., Loy Yang Holdings Pty. Ltd. Consolidating
Income Statement. [Pages 388-390]
A.35. Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating
Balance Sheet. [Pages 391-394]
A.36. Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating
Income Statement. [Pages 395-396]
A.37. MEC International B.V., Latrobe Power Pty. Ltd. Consolidating
Balance Sheet. [Pages 397-400]
A.38. MEC International B.V., Latrobe Power Pty. Ltd. Consolidating
Income Statement. [Pages 401-402]
A.39. Loy Yang Holdings Pty. Ltd., Edison Mission Energy Australia Ltd.
Consolidating Balance Sheet. [Pages 403-406]
A.40. Loy Yang Holdings Pty. Ltd., Edison Mission Energy Australia Ltd.
Consolidating Income Statement. [Pages 407-408]
A.41. Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty.
Ltd. Consolidating Balance Sheet. [Pages 409-412]
A.42. Loy Yang Holdings Pty. Ltd., Mission Energy Ventures Australia Pty.
Ltd. Consolidating Income Statement. [Pages 413-414]
A.43. MEC International B.V., Traralgon Power Pty. Ltd. Consolidating
Balance Sheet. [Pages 415-418]
A.44. MEC International B.V., Traralgon Power Pty. Ltd. Consolidating
Income Statement. [Pages 419-420]
A.45. Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating
Balance Sheet. [Pages 421-424]
A.46. Loy Yang Holdings Pty. Ltd., Latrobe Power Pty. Ltd. Consolidating
Income Statement. [Pages 425-426]
A.47. MEC International B.V., Hydro Energy B.V., Edison Mission Energy
Espana Consolidating Balance Sheet. [Pages 427-428 & 444-445]
A.48. MEC International B.V., Hydro Energy B.V., Edison Mission Energy
Espana Consolidating Income Statement. [Pages 461-462]
A.49. MEC International B.V., Hydro Energy B.V. Consolidating Balance
Sheet. [Pages 429-430 & 446-447]
A.50. MEC International B.V., Hydro Energy B.V. Consolidating Income
Statement. [Pages 463-464]
A.51. MEC International B.V., Hydro Energy B.V., Iberica de Energias,
S.A. Consolidating Balance Sheet. [Pages 431-432 & 448-449]
A.52. MEC International B.V., Hydro Energy B.V., Iberica de Energias,
S.A. Consolidating Income Statement. [Pages 465-466]
A.53. MEC International B.V., Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet. [Pages 433-435 & 450-452]
A.54. MEC International B.V., Iberian Hy-Power Amsterdam B.V.
Consolidating Income Statement. [Pages 467-469]
A.55. MEC International B.V., Iberian Hy-Power Amsterdam B.V.,
Hidroelectrica del Sossis, S.A. Consolidating Balance Sheet. [Pages
436-437 & 453-454]
A.56. MEC International B.V., Iberian Hy-Power Amsterdam B.V.,
Hidroelectrica del Sossis, S.A. Consolidating Income Statement.
[Pages 470-471]
A.57. MEC International B.V., Iberian Hy-Power Amsterdam B.V., Hydro
Energy B.V. Consolidating Balance Sheet. [Pages 438-439 & 455-456]
A.58. MEC International B.V., Iberian Hy-Power Amsterdam B.V., Hydro
Energy B.V. Consolidating Income Statement. [Pages 472-473]
PAGE 43
<PAGE>
A.59. Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Edison Mission
Energy Espana Consolidating Balance Sheet. [Pages 440-441 & 457-
458]
A.60. Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Edison Mission
Energy Espana Consolidating Income Statement. [Pages 474-475]
A.61. Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Iberica de
Energias, S.A. Consolidating Balance Sheet. [Pages 442-443 & 459-
460]
A.62. Iberian Hy-Power Amsterdam B.V., Hydro Energy B.V., Iberica de
Energias, S.A. Consolidating Income Statement. [Pages 476-477]
A.63 MEC International B.V., MEC International Holdings B.V.
Consolidating Balance Sheet. [Pages 478-491]
A.64. MEC International B.V., MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings. [Pages
492-498]
A.65. MEC International Holdings B.V., Edison Mission Energy Asia Company
Consolidating Balance Sheet. [Pages 499-502]
A.66. MEC International Holdings B.V., Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings. [Pages
503-504]
A.67. MEC International Holdings B.V., MEC Wales B.V. Consolidating
Balance Sheet. [Pages 505-510]
A.68. MEC International Holdings B.V., MEC Wales B.V. Consolidating
Statements of Income and Retained Earnings. [Pages 511-513]
A.69. MEC International B.V., Pride Hold Limited Consolidating Balance
Sheet. [Pages 514-517]
A.70. MEC International B.V., Pride Hold Limited Consolidating Income
Statement. [Pages 518-519]
A.71. MEC International B.V., Mission Energy Company (U.K.) Limited
Consolidating Balance Sheet. [Pages 520-525]
A.72. MEC International B.V., Mission Energy Company (U.K.) Limited
Consolidating Income Statement. [Pages 526-528]
A.73. Mission Energy Company (U.K.) Limited, Pride Hold Ltd.
Consolidating Balance Sheet. [Pages 529-532]
A.74. Mission Energy Company (U.K.) Limited, Pride Hold Ltd.
Consolidating Income Statement. [Pages 533-534]
A.75. Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited
Consolidating Balance Sheet. [Pages 535-538]
A.76. Mission Energy Company (UK) Limited, Mission Hydro (UK) Limited
Consolidating Income Statement. [Pages 539-540]
A.77. MEC International B.V., MEC Wales B.V. Consolidating Balance Sheet.
[Pages 541-546]
A.78. MEC International B.V., Mission Energy Company (U.K.) Limited
Consolidating Income Statement. [Pages 547-549]
A.79. MEC International B.V. Equity Investments. [Pages 550-553]
<PAGE 43a>
<PAGE>
Edison International and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
California The Mission Edison
Edison Co. Group Enterprises
Consolidated Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost $20,400,387
Less-accumulated provision for depreciation
and decommissioning 9,431,071
------------------------------------------------------
10,969,316
Construction work in progress 556,645
Nuclear fuel, at amortized cost 176,827
------------------------------------------------------
Total utility plant 11,702,788
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation 63,931 $3,506,162
Nuclear decommissioning trusts 1,485,525
Investments in partnerships
and unconsolidated subsidiaries 1,371,824
Investments in leveraged leases 584,515
Other investments 103,973
------------------------------------------------------
Total other property and investments 1,653,429 5,462,501
------------------------------------------------------
Cash and equivalents 319,942 541,963
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 921,083 217,814
Fuel inventory 72,480
Materials and supplies, at average cost 154,266
Accumulated deferred income taxes - net 240,429
Prepayments and other current assets 105,137 8,394
------------------------------------------------------
Total current assets 1,813,337 768,171
------------------------------------------------------
Unamortized debt issuance and
reacquisition expense 346,834
Rate phase-in plan 50,703
Unamortized nuclear plant--net
Income tax-related deferred charges 1,741,091
Other deferred charges 428,370 605,811
------------------------------------------------------
Total deferred charges 2,566,998 605,811
------------------------------------------------------
TOTAL ASSETS $17,736,552 $6,836,483
======================================================
</TABLE>
<PAGE 44>
<PAGE>
Edison International and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Consolidating International
International Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost $20,400,387
Less-accumulated provision for depreciation
and decommissioning 9,431,071
------------------------------------------------------
10,969,316
Construction work in progress 556,645
Nuclear fuel, at amortized cost 176,827
------------------------------------------------------
Total utility plant 11,702,788
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144 3,570,237
Nuclear decommissioning trusts 1,485,525
Investments in partnerships
and unconsolidated subsidiaries 6,552,631 $(6,552,631) 1,371,824
Investments in leveraged leases 584,515
Other investments 103,973
------------------------------------------------------
Total other property and investments 6,552,775 (6,552,631) 7,116,074
------------------------------------------------------
Cash and equivalents 34,689 896,594
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 125,697 (170,096) 1,094,498
Fuel inventory 72,480
Materials and supplies, at average cost 154,266
Accumulated deferred income taxes - net 240,429
Prepayments and other current assets 123 113,654
------------------------------------------------------
Total current assets 160,509 (170,096) 2,571,921
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense 346,834
Rate phase-in plan 50,703
Unamortized nuclear plant--net
Income tax-related deferred charges 1,741,091
Other deferred charges 65 (5,043) 1,029,203
------------------------------------------------------
Total deferred charges 65 (5,043) 3,167,831
------------------------------------------------------
TOTAL ASSETS $6,713,349 ($6,727,770) $24,558,614
======================================================
</TABLE>
<PAGE 45>
<PAGE>
Edison International and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
California The Mission Edison
Edison Co. Group Enterprises
Consolidated Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $2,168,054 $147,866
Additional Paid in Capital 210,857 821,712
Cumulative Translation Adjustments, Net 63,898
Unrealized gain in equity investments-net
Retained earnings 2,665,612 474,631
------------------------------------------------------
5,044,523 1,508,107
Preferred securities of subsidiaries:
Not subject to mandatory redemption 283,755
Subject to mandatory redemption 275,000 150,000
Long-term debt 4,778,703 2,695,976
------------------------------------------------------
Total capitalization 10,381,981 4,354,083
------------------------------------------------------
Other long-term liabilities 423,925
------------------------------------------------------
Current portion of long-term debt 501,470 90,673
Short-term debt 230,149
Accounts payable 392,779 80,914
Accrued taxes 484,688 36,105
Accrued interest 93,363 37,421
Dividends payable 108,563
Regulatory balancing accounts--net 181,488
Deferred unbilled revenue and other
current liabilities 825,317 234,936
------------------------------------------------------
Total current liabilities 2,817,817 480,049
------------------------------------------------------
Accumulated deferred income taxes - net 3,170,696 1,113,153
Accumulated deferred investment tax credits 347,118 25,259
Customer advances and other deferred credits 595,015 156,900
------------------------------------------------------
Total deferred credits 4,112,829 1,295,312
------------------------------------------------------
Minority interest 707,039
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $17,736,552 $6,836,483
======================================================
</TABLE>
<PAGE 46>
<PAGE>
Edison International and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Consolidating International
International Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $2,547,403 $(2,315,920) $2,547,403
Additional Paid in Capital (1,032,569)
Cumulative Translation Adjustments, Net 63,898 (63,898) 63,898
Unrealized gain in equity investments-net 33,382 33,382
Retained earnings 3,752,549 (3,140,244) 3,752,549
------------------------------------------------------
6,397,232 (6,552,631) 6,397,232
Preferred securities of subsidiaries:
Not subject to mandatory redemption 283,755
Subject to mandatory redemption 425,000
Long-term debt 7,474,679
------------------------------------------------------
Total capitalization 6,397,232 (6,552,631) 14,580,666
------------------------------------------------------
Other long-term liabilities 423,925
------------------------------------------------------
Current portion of long-term debt 592,143
Short-term debt 196,949 (30,000) 397,098
Accounts payable 2,177 (38,213) 437,657
Accrued taxes 9,572 530,365
Accrued interest 1,090 (795) 131,079
Dividends payable 106,131 (106,131) 108,563
Regulatory balancing accounts--net 181,488
Deferred unbilled revenue and other (1,013) 1,059,240
------------------------------------------------------
Total current liabilities 314,906 (175,139) 3,437,633
------------------------------------------------------
Accumulated deferred income taxes - net (630) 4,283,219
Accumulated deferred investment tax credits 372,377
Customer advances and other deferred credits 1,841 753,755
------------------------------------------------------
Total deferred credits 1,211 5,409,351
------------------------------------------------------
Minority interest 707,039
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $6,713,349 ($6,727,770) $24,558,614
======================================================
</TABLE>
<PAGE 47>
<PAGE>
Edison International and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
California The Mission Edison
Edison Co. Group Enterprises
Consolidated Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $7,583,382
Diversified operations $961,474
------------------------------------------------------
Total operating revenue 7,583,382 961,474
------------------------------------------------------
Fuel 630,512 137,151
Purchased power 2,705,880
Provisions for regulatory adjustment
clauses - net (225,908)
Other operating expenses 1,178,316 369,010
Maintenance 329,371 2,017
Depreciation and decommissioning 1,063,505 109,282
Income taxes 578,329 (6,037)
Property and other taxes 190,284 6,420
------------------------------------------------------
Total operating expenses 6,450,289 617,843
------------------------------------------------------
Operating income 1,133,093 343,631
------------------------------------------------------
Provision for rate phase-in plan (84,288)
Allowance for equity funds used during
construction 15,579
Interest income 37,855 24,749
Minority interest (69,512)
Other nonoperating income - net (3,623) (9,452)
------------------------------------------------------
Total other income (deductions) - net (34,477) (54,215)
------------------------------------------------------
Income before interest and other expense 1,098,616 289,416
------------------------------------------------------
Interest on long-term debt 380,812 222,590
Other interest expense 73,914 701
Allowance for borrowed funds used during
construction (9,794)
Capitalized interest (1,711) (56,092)
Dividends on subsidiary preferred
securities 34,395 13,100
------------------------------------------------------
Total interest and other expenses - net 477,616 180,299
------------------------------------------------------
NET INCOME 621,000 109,117
Retained earnings - beginning of year 2,780,058 535,514
Dividends declared on common stock (735,446) (170,000)
Stock repurchase and retirement
------------------------------------------------------
Retained earnings - end of year $2,665,612 $474,631
======================================================
</TABLE>
<PAGE 48>
<PAGE>
Edison International and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Consolidating International
International Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $7,583,382
Diversified operations $29,539 ($29,911) 961,102
------------------------------------------------------
Total operating revenue 29,539 (29,911) 8,544,484
------------------------------------------------------
Fuel 767,663
Purchased power 2,705,880
Provisions for regulatory adjustment
clauses - net (225,908)
Other operating expenses 37,551 29,840 1,555,037
Maintenance 331,388
Depreciation and decommissioning 14 1,172,801
Income taxes (8,917) 563,375
Property and other taxes 196,704
------------------------------------------------------
Total operating expenses 28,648 (29,840) 7,066,940
------------------------------------------------------
Operating income 891 1,477,544
------------------------------------------------------
Provision for rate phase-in plan (84,288)
Allowance for equity funds used during
construction 15,579
Interest income 1,844 64,448
Minority interest (69,512)
Other nonoperating income - net (13,075)
------------------------------------------------------
Total other income (deductions) - net 1,844 (86,848)
------------------------------------------------------
Income before interest and other expense 2,735 1,390,696
------------------------------------------------------
Interest on long-term debt 603,402
Other interest expense 16,104 90,719
Allowance for borrowed funds used during
construction (9,794)
Capitalized interest (57,803)
Dividends on subsidiary preferred
securities 47,495
------------------------------------------------------
Total interest and other expenses - net 16,104 (911) 673,108
------------------------------------------------------
NET INCOME (13,369) 716,748
Retained earnings - beginning of year 3,699,572 (3,315,572) 3,699,572
Dividends declared on common stock 470,116 (435,330)
Stock repurchase and retirement 66,346 (294,787) (228,441)
------------------------------------------------------
Retained earnings - end of year $3,752,549 ($3,140,244) $3,752,549
======================================================
</TABLE>
<PAGE 49>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
California
Electric Conservation Energy
Power Financing Services
Company Corporation Inc.
============================================================================================================
ASSETS (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $48
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 48
------------------------------------------------------
Cash and equivalents 1,111
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 4,256
Fuel inventory
Materials and supplies, at average cost 84
Accumulated deferred income taxes - net
Prepayments and other current assets 1,846
------------------------------------------------------
Total current assets 7,297
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $7,345
======================================================
</TABLE>
<PAGE 50>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
SCE Southern
Mono Power Capital States
Company Company Realty
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $818 $69
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 818 69
------------------------------------------------------
Cash and equivalents 161 1,079
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $200,005 30
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net 10
Prepayments and other current assets 2,546
------------------------------------------------------
Total current assets 161 200,005 3,665
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense 407
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges 402
Other deferred charges (5,468)
------------------------------------------------------
Total deferred charges (5,061) 402
------------------------------------------------------
TOTAL ASSETS $979 $194,944 $4,136
======================================================
</TABLE>
<PAGE 51>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Southern California
California Consolidating Edison Co.
Edison Co. Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost $20,400,387 $20,400,387
Less-accumulated provision for depreciation
and decommissioning (9,431,071) (9,431,071)
------------------------------------------------------
10,969,316 10,969,316
Construction work in progress 556,645 556,645
Nuclear fuel, at amortized cost 176,827 176,827
------------------------------------------------------
Total utility plant 11,702,788 11,702,788
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation 62,996 63,931
Nuclear decommissioning trusts 1,485,525 1,485,525
Investments in partnerships
and unconsolidated subsidiaries 3,509 ($3,509)
Investments in leveraged leases
Other investments 103,973 103,973
------------------------------------------------------
Total other property and investments 1,656,003 (3,509) 1,653,429
------------------------------------------------------
Cash and equivalents 317,591 319,942
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 923,186 (206,394) 921,083
Fuel inventory 72,480 72,480
Materials and supplies, at average cost 154,182 154,266
Accumulated deferred income taxes - net 240,419 240,429
Prepayments and other current assets 100,745 105,137
------------------------------------------------------
Total current assets 1,808,603 (206,394) 1,813,337
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense 346,834 (407) 346,834
Rate phase-in plan 50,703 50,703
Unamortized nuclear plant--net
Income tax-related deferred charges 1,740,689 1,741,091
Other deferred charges 428,370 5,468 428,370
------------------------------------------------------
Total deferred charges 2,566,596 5,061 2,566,998
------------------------------------------------------
TOTAL ASSETS $17,733,990 ($204,842) $17,736,552
======================================================
</TABLE>
<PAGE 52>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
California
Electric Conservation Energy
Power Financing Services
Company Corporation Inc.
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $100
Cumulative translation adjustment-net
Unrealized gain in equity investments-net
Retained earnings 1,721
------------------------------------------------------
1,821
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 1,821
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 4,827
Accrued taxes
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 4,827
------------------------------------------------------
Accumulated deferred income taxes - net 697
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 697
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $7,345
======================================================
</TABLE>
<PAGE 53>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
SCE Southern
Mono Power Capital States
Company Company Realty
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $20
Additional Paid in Capital $2,749 100 $2,805
Cumulative Translation Adjustments, Net
Unrealized gain in equity investments-net
Retained earnings (2,694) (2,187) 895
------------------------------------------------------
55 (2,067) 3,700
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 194,939
------------------------------------------------------
Total capitalization 55 192,872 3,700
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 106 1,457 30
Accrued taxes
Accrued interest 615
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 106 2,072 30
------------------------------------------------------
Accumulated deferred income taxes - net 406
Accumulated deferred investment tax credits
Customer advances and other deferred credits 818
------------------------------------------------------
Total deferred credits 818 406
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $979 $194,944 $4,136
======================================================
</TABLE>
<PAGE 54>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Southern California
California Consulating Edison Co.
Edison Co. Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $2,168,054 ($20) $2,168,054
Additional Paid in Capital 210,857 (5,754) 210,857
Cumulative Translation Adjustments, Net
Unrealized gain in equity investments-net
Retained earnings 2,665,281 2,595 2,665,612
------------------------------------------------------
5,044,523 (3,509) 5,044,523
Preferred securities of subsidiaries:
Not subject to mandatory redemption 283,755 283,755
Subject to mandatory redemption 275,000 275,000
Long-term debt 4,778,703 (194,939) 4,778,703
------------------------------------------------------
Total capitalization 10,381,981 (198,448) 10,381,981
------------------------------------------------------
Other long-term liabilities 423,925 423,925
------------------------------------------------------
Current portion of long-term debt 501,470 501,470
Short-term debt 230,149 230,149
Accounts payable 392,753 (6,394) 392,779
Accrued taxes 484,688 484,688
Accrued interest 92,748 93,363
Dividends payable 108,563 108,563
Regulatory balancing accounts--net 181,488 181,488
Deferred unbilled revenue and other 825,317 825,317
------------------------------------------------------
Total current liabilities 2,817,176 (6,394) 2,817,817
------------------------------------------------------
Accumulated deferred income taxes - net 3,169,593 3,170,696
Accumulated deferred investment tax credits 347,118 347,118
Customer advances and other deferred credits 594,197 595,015
------------------------------------------------------
Total deferred credits 4,110,908 4,112,829
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $17,733,990 ($204,842) $17,736,552
======================================================
</TABLE>
<PAGE 55>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
California
Electric Conservation Energy
Power Financing Services
Company Corporation Inc.
============================================================================================================
<S> <C> <C> <C>
(Inactive) (Inactive)
Electric utility revenue $11,946
Diversified operations
------------------------------------------------------
Total operating revenue 11,946
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 11,804
Maintenance
Depreciation and decommissioning
Income taxes (44)
Property and other taxes
------------------------------------------------------
Total operating expenses 11,760
------------------------------------------------------
Operating income 186
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 43
Minority interest
Other - net
------------------------------------------------------
Total other income (deductions) - net 43
------------------------------------------------------
Income before interest and other expenses 229
------------------------------------------------------
Interest on long-term debt
Other interest expense 68
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on preferred securities
------------------------------------------------------
Total interest and other expenses - net 68
------------------------------------------------------
NET INCOME 161
Retained earnings - beginning of year 1,561
Dividends declared on stock
------------------------------------------------------
Retained earnings - end of year $1,722
======================================================
</TABLE>
<PAGE 56>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Statement of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
SCE Southern
Mono Power Capital States
Company Company Realty
============================================================================================================
<S> <C> <C> <C>
(Inactive)
Electric utility revenue $3 $2,454
Diversified operations
------------------------------------------------------
Total operating revenue 3 2,454
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3 $13 2,085
Maintenance
Depreciation and decommissioning
Income taxes (5) 166
Property and other taxes
------------------------------------------------------
Total operating expenses 3 8 2,251
------------------------------------------------------
Operating income (8) 203
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 15,536
Minority interest
Other - net (23)
------------------------------------------------------
Total other income (deductions) - net 15,536 (23)
------------------------------------------------------
Income before interest and other expenses 15,528 180
------------------------------------------------------
Interest on long-term debt 15,536
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on preferred securities
------------------------------------------------------
Total interest and other expenses - net 15,536
------------------------------------------------------
NET INCOME (8) 180
Retained earnings - beginning of year (2,694) (2,179) 715
Dividends declared on stock
------------------------------------------------------
Retained earnings - end of year ($2,694) ($2,187) $895
======================================================
</TABLE>
<PAGE 57>
<PAGE>
Southern California Edison Co. and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Southern California
California Consolidating Edison Co.
Edison Co. Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $7,571,048 $(2,069) $7,583,382
Diversified operations
------------------------------------------------------
Total operating revenue 7,571,048 (2,069) 7,583,382
------------------------------------------------------
Fuel 630,511 1 630,512
Purchased power 2,705,880 2,705,880
Provisions for regulatory adjustment
clauses - net (225,908) (225,908)
Other operating expenses 1,166,481 (2,070) 1,178,316
Maintenance 329,371 329,371
Depreciation and decommissioning 1,063,505 1,063,505
Income taxes 578,212 578,329
Property and other taxes 190,284 190,284
------------------------------------------------------
Total operating expenses 6,438,336 (2,069) 6,450,289
------------------------------------------------------
Operating income 1,132,712 1,133,093
------------------------------------------------------
Provision for rate phase-in plan (84,288) (84,288)
Allowance for equity funds used during
construction 15,579 15,579
Interest income 37,880 (15,604) 37,855
Minority interest
Other - net (3,600) (3,623)
------------------------------------------------------
Total other income (deductions) - net (34,429) (15,604) (34,477)
------------------------------------------------------
Income before interest and other expenses 1,098,283 (15,604) 1,098,616
------------------------------------------------------
Interest on long-term debt 380,812 (15,536) 380,812
Other interest expense 73,914 (68) 73,914
Allowance for borrowed funds used during
construction (9,794) (9,794)
Capitalized interest (1,711) (1,711)
Dividends on preferred securities 34,395 34,395
------------------------------------------------------
Total interest and other expenses - net 477,616 (15,604) 477,616
------------------------------------------------------
NET INCOME 620,669 (2) 621,000
Retained earnings - beginning of year 2,780,058 2,597 2,780,058
Dividends declared on stock (735,446) (735,446)
------------------------------------------------------
Retained earnings - end of year $2,665,281 $2,595 $2,665,612
======================================================
</TABLE>
<PAGE 58>
<PAGE>
Southern California Edison Company and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Mono Power
Company
=====================================================================
=====================================================================
<S> <C>
Name of Entity: Bear Creek
Uranium
Company
Ownership Interest: 50%
Nature/Purpose of Business: (a)
Ownership Interest in (000):
Assets
Revenue
Net Income
</TABLE>
(a) To develop and operate an integrated uranium mining complex in Wyoming.
<PAGE 59>
<PAGE>
Edison Enterprises and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Edison Consolidating Enterprises
Transenergy Enterprises Adjustments Consolidated
==============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
---------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
---------------------------------------------------------
Total utility plant
---------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
---------------------------------------------------------
Total other property and investments
---------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
---------------------------------------------------------
Total current assets
---------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
----------------------------------------------------------
Total deferred charges
----------------------------------------------------------
TOTAL ASSETS
==========================================================
</TABLE>
PAGE 60
<PAGE>
Edison Enterprises and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Edison Consolidating Enterprises
Transenergy Enterprises Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital
Retained earnings
Cumulative Translation Adjustments, Net
---------------------------------------------------------
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
---------------------------------------------------------
Total capitalization
---------------------------------------------------------
Other long-term liabilities
---------------------------------------------------------
Current portion of long-term
debt and redeemable preferred stock
Short-term debt
Accounts payable
Accrued taxes
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
---------------------------------------------------------
Total current liabilities
---------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
---------------------------------------------------------
Total deferred credits
---------------------------------------------------------
Minority interest
---------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=========================================================
</TABLE>
<PAGE 61
<PAGE>
Edison Enterprises and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Edison Consolidating Enterprises
Transenergy Enterprises Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C> <C>
Electric utility revenue
Diversified operations
---------------------------------------------------------
Total operating revenue
---------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes
Property and other taxes
---------------------------------------------------------
Total operating expenses
---------------------------------------------------------
Operating income
---------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
---------------------------------------------------------
Total other income (deductions) - net
---------------------------------------------------------
Income before interest and other expenses
---------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
---------------------------------------------------------
Total interest and other expenses - net
---------------------------------------------------------
NET INCOME
Retained Earnings - beginning of year
Dividends declared on common stock
--------------------------------------------------------
Retained Earnings - end of year
========================================================
</TABLE>
<PAGE 62>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
The Mission Edison
Group Edison EV Source
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $605 $1,852
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments $1,317,024
------------------------------------------------------
Total other property and investments 1,317,024 605 1,852
------------------------------------------------------
Cash and equivalents 221 156
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 10,947 834 2,383
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 228 94
------------------------------------------------------
Total current assets 11,168 1,218 2,477
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 10,637
-------------------------------------------------------
Total deferred charges 10,637
-------------------------------------------------------
TOTAL ASSETS $1,338,829 $1,823 $4,329
=======================================================
</TABLE>
<PAGE 63>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Edison Land
Edison Capital Company
Select Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $414 $38,951 $215,042
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 458,192
Investments in leveraged leases 584,515
Other investments
------------------------------------------------------
Total other property and investments 414 1,081,658 215,042
------------------------------------------------------
Cash and equivalents 149,264 8,688
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 190 111,240 14,823
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 70 583 252
------------------------------------------------------
Total current assets 260 261,087 23,763
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 1 80,257 16,860
-------------------------------------------------------
Total deferred charges 1 80,257 16,860
-------------------------------------------------------
TOTAL ASSETS $675 $1,423,002 $255,665
=======================================================
</TABLE>
<PAGE 64>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Power Edison
Engineering Mission The Mission
Company Energy Consolidating Group
Consolidated Consolidated Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
---------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
---------------------------------------------------------
Total utility plant
---------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $750 $3,248,548 $3,506,162
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 915,883 ($2,251) 1,371,824
Investments in leveraged leases 584,515
Other investments (1,317,024)
---------------------------------------------------------
Total other property and investments 750 4,164,431 (1,319,275) 5,462,501
---------------------------------------------------------
Cash and equivalents 383,634 541,963
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 88,424 (11,027) 217,814
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 7,167 8,394
---------------------------------------------------------
Total current assets 479,225 (11,027) 768,171
---------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 367 508,816 (11,127) 605,811
----------------------------------------------------------
Total deferred charges 367 508,806 (11,127) 605,811
----------------------------------------------------------
TOTAL ASSETS $1,117 $5,152,472 ($1,341,429) $6,836,483
==========================================================
</TABLE>
<PAGE 65>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
The Mission Edison
Group Edison EV Source
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $147,866
Additional Paid in Capital 821,712
Cumulative Translation Adjustments, Net
Unrealized gain in equity investments-net
Retained earnings 366,628 ($1,655) ($6,156)
------------------------------------------------------
1,336,206 (1,655) (6,156)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 1,336,206 (1,655) (6,156)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term
debt and redeemable preferred stock
Short-term debt
Accounts payable 62 2,103 8,155
Accrued taxes 72
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other 2,561 1,303 1,965
------------------------------------------------------
Total current liabilities 2,623 3,478 10,120
------------------------------------------------------
Accumulated deferred income taxes - net 365
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 365
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,338,829 $1,823 $4,329
======================================================
</TABLE>
<PAGE 66>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Edison Land
Edison Capital Company
Select Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $80,597 $202,408
Cumulative Translation Adjustments, Net 6
Unrealized gain in equity investments-net
Retained earnings ($2,052) 160,948 45,576
------------------------------------------------------
(2,052) 241,551 247,984
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 276,086
------------------------------------------------------
Total capitalization (2,052) 517,637 247,984
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term
debt and redeemable preferred stock 9,679
Short-term debt
Accounts payable 1,740 11,322 600
Accrued taxes 628
Accrued interest 2,345
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other 987 175,397 560
------------------------------------------------------
Total current liabilities 2,727 198,743 1,788
------------------------------------------------------
Accumulated deferred income taxes - net 593,694 517
Accumulated deferred investment tax credits
Customer advances and other deferred credits 113,178 5,376
------------------------------------------------------
Total deferred credits 706,872 5,893
------------------------------------------------------
Minority interest (250)
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $675 $1,423,002 $255,665
======================================================
</TABLE>
<PAGE 67>
<PAGE>
The Mission Group
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Power Edison
Engineering Mission The Mission
Company Energy Consolidating Group
Consolidated Consolidated Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C> <C>
Common shareholders' equity:
Common stock $3,000 $64,130 ($67,130) $147,866
Additional Paid in Capital 629,289 (912,294) 821,712
Cumulative Translation Adjustments, Net 63,892 63,898
Unrealized gain in equity investments-net
Retained earnings (12,473) 262,594 (338,779) 474,631
---------------------------------------------------------
(9,473) 1,019,905 (1,318,203) 1,508,107
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership 150,000 150,000
Long-term debt 2,419,890 2,695,976
---------------------------------------------------------
Total capitalization (9,473) 3,589,795 (1,318,203) 4,354,083
---------------------------------------------------------
Other long-term liabilities
---------------------------------------------------------
Current portion of long-term
debt and redeemable preferred stock 80,994 90,673
Short-term debt
Accounts payable 4 67,252 (10,324) 80,914
Accrued taxes 35,405 36,105
Accrued interest 35,076 37,421
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other 52,163 234,936
---------------------------------------------------------
Total current liabilities 4 270,890 (10,324) 480,049
---------------------------------------------------------
Accumulated deferred income taxes - net 520,190 (1,613) 1,113,153
Accumulated deferred investment tax credits 25,259 25,259
Customer advances and other deferred credits 10,586 39,049 (11,289) 156,900
---------------------------------------------------------
Total deferred credits 10,586 584,498 (12,902) 1,295,312
---------------------------------------------------------
Minority interest 707,289 707,039
---------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,117 $5,152,472 ($1,341,429) $6,836,483
=========================================================
</TABLE>
<PAGE 68>
<PAGE>
The Mission Group
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
The Mission Edison
Group Edison EV Source
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $874 $2,607
------------------------------------------------------
Total operating revenue 874 2,607
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $327 3,822 12,741
Maintenance
Depreciation and decommissioning 47 179
Income taxes (132) (1,367) (4,278)
Property and other taxes 27
------------------------------------------------------
Total operating expenses 195 2,529 8,642
------------------------------------------------------
Operating income (195) (1,655) (6,035)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 5
Minority interest
Taxes on nonoperating income (2)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 3
------------------------------------------------------
Income before interest and other expenses (192) (1,655) (6,035)
------------------------------------------------------
Interest on long-term debt
Other interest expense 121
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 121
------------------------------------------------------
NET INCOME (192) (1,655) (6,156)
Retained Earnings - beginning of year 536,820
Deduct - Dividends on Common Stock and Other (170,000)
------------------------------------------------------
Retained Earnings - end of year $366,628 ($1,655) ($6,156)
======================================================
</TABLE>
<PAGE 69>
<PAGE>
The Mission Group
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Edison Land
Edison Capital Company
Select Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $33 $50,882 $63,244
------------------------------------------------------
Total operating revenue 33 50,882 63,244
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,623 24,047 75,458
Maintenance 2,017
Depreciation and decommissioning 14 14,454 4,735
Income taxes (1,560) (53,862) (11,182)
Property and other taxes 5,829
------------------------------------------------------
Total operating expenses 2,077 (15,361) 76,857
------------------------------------------------------
Operating income (2,044) 66,243 (13,613)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,408 3,618
Minority interest 35
Taxes on nonoperating income 8,427 (1,577)
Other nonoperating income - net (21,935) 305
------------------------------------------------------
Total other income (deductions) - net (12,065) 2,346
------------------------------------------------------
Income before interest and other expenses (2,044) 54,178 (11,267)
------------------------------------------------------
Interest on long-term debt 13,186 2,287
Other interest expense 8 458
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 8 13,644 2,287
------------------------------------------------------
NET INCOME (2,052) 40,534 (13,554)
Retained Earnings - beginning of year 140,414 59,130
Deduct - Dividends on Common Stock and Other (20,000)
-----------------------------------------------------
Retained Earnings - end of year ($2,052) $160,948 $45,576
======================================================
</TABLE>
<PAGE 70>
<PAGE>
The Mission Group
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Power Edison
Engineering Mission The Mission
Company Energy Consolidating Group
Consolidated Consolidated Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C> <C>
Electric utility revenue $650,838 $650,838
Diversified operations 192,780 $216 310,636
---------------------------------------------------------
Total operating revenue 843,618 216 961,474
---------------------------------------------------------
Fuel 137,151 137,151
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $64 248,928 369,010
Maintenance 2,017
Depreciation and decommissioning 89,853 109,282
Income taxes (48) 66,303 89 (6,037)
Property and other taxes 22 542 6,420
---------------------------------------------------------
Total operating expenses 38 542,777 89 617,843
---------------------------------------------------------
Operating income (38) 300,841 127 343,631
---------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 3 19,715 24,749
Minority interest (69,547) (69,512)
Taxes on nonoperating income (26) (15,742) (8,920)
Other nonoperating income - net 61 21,037 (532)
---------------------------------------------------------
Total other income (deductions) - net 38 (44,537) (54,215)
---------------------------------------------------------
Income before interest and other expenses 256,304 127 289,416
---------------------------------------------------------
Interest on long-term debt 207,117 222,590
Other interest expense 114 701
Allowance for borrowed funds used during
construction
Capitalized interest (56,092) (56,092)
Dividends on subsidiary preferred
securities 13,100 13,100
---------------------------------------------------------
Total interest and other expenses - net 164,239 180,299
---------------------------------------------------------
NET INCOME 92,065 127 109,177
Retained Earnings - beginning of year (12,473) 320,529 (508,906) 535,514
Deduct - Dividends on Common Stock and Other (150,000) 170,000 (170,000)
--------------------------------------------------------
Retained Earnings - end of year ($12,473) $262,594 ($338,779) $474,631
========================================================
</TABLE>
<PAGE 71>
<PAGE>
Edison Capital and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison
Renewable Capital Edison Funding
Energy Europe Mortgage Company
Capital Co. Limited Company Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
---------------------------------------------------------
Total utility plant
---------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $2,719
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 458,693
Investments in leveraged leases 584,514
Other investments
---------------------------------------------------------
Total other property and investments 1,045,926
---------------------------------------------------------
Cash and equivalents $110 148,702
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $36,883 $1 105,818
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 13
---------------------------------------------------------
Total current assets 36,883 110 1 254,533
---------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 13,504 79,182
---------------------------------------------------------
Total deferred charges 13,504 79,182
---------------------------------------------------------
TOTAL ASSETS $50,387 $110 $1 $1,379,641
=========================================================
</TABLE>
<PAGE 72> <PAGE>
Edison Capital and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Burlington
International Bartlett Apartments,
Capital, Inc. Hill Company Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $5,846 $29,395
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 5,846 29,395
------------------------------------------------------
Cash and equivalents 262
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $2 396 775
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 83 479
------------------------------------------------------
Total current assets 2 479 1,516
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 510 903
------------------------------------------------------
Total deferred charges 510 903
------------------------------------------------------
TOTAL ASSETS $2 $6,835 $31,814
======================================================
</TABLE>
<PAGE 73> <PAGE>
Edison Capital and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Consolidating Capital
Capital Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $991 $38,951
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 23,364 ($23,865) 458,192
Investments in leveraged leases 1 584,515
Other investments
------------------------------------------------------
Total other property and investments 24,355 (23,864) 1,081,658
------------------------------------------------------
Cash and equivalents 190 149,264
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 4,687 (37,322) 111,240
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 9 (1) 583
------------------------------------------------------
Total current assets 4,886 (37,323) 261,087
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges (13,842) 80,257
------------------------------------------------------
Total deferred charges (13,842) 80,257
------------------------------------------------------
TOTAL ASSETS $29,241 ($75,029) $1,423,002
======================================================
</TABLE>
<PAGE 74>
<PAGE>
Edison Capital and Subsidiaries
Edison Funding Company Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Funding Funding Funding
Beta Gamma Kappa
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $83
Investments in leveraged leases $76,997 $63,525
Other investments
------------------------------------------------------
Total other property and investments 76,997 63,525 83
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 37,753 26,755 13
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 37,753 26,755 13
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $114,750 $90,280 $96
======================================================
</TABLE>
<PAGE 75> <PAGE>
Edison Capital and Subsidiaries
Edison Funding Company Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Funding Funding First
Theta Zeta Asset Investment
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $21,795
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 21,795
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $7 46,220 $19,775
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 7 46,220 19,775
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $7 $68,015 $19,775
======================================================
</TABLE>
<PAGE 76> <PAGE>
Edison Capital and Subsidiaries
Edison Funding Company Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Integrated Edison Edison
Energy Funding Funding
Services Omicron Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $2,646
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1 $795,006
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 2,647 795,006
------------------------------------------------------
Cash and equivalents 146,453
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $31 265 49,122
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 31 265 195,575
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 279 1,112
------------------------------------------------------
Total deferred charges 279 1,112
------------------------------------------------------
TOTAL ASSETS $31 $3,191 $991,693
======================================================
</TABLE>
<PAGE 77> <PAGE>
Edison Capital and Subsidiaries
Edison Funding Company Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital
Latin American Housing Mission Funding
Investments Investments Epsilon
Holdings Company Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $73
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 361,198 $76,000
Investments in leveraged leases 639 443,353
Other investments
------------------------------------------------------
Total other property and investments 361,910 519,353
------------------------------------------------------
Cash and equivalents 2,246 3
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 327,504 268,473
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 13
------------------------------------------------------
Total current assets 329,750 268,489
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 77,788 3
------------------------------------------------------
Total deferred charges 77,788 3
------------------------------------------------------
TOTAL ASSETS $769,448 $787,845
======================================================
</TABLE>
<PAGE 78>
<PAGE>
Edison Capital and Subsidiaries
Edison Funding Company Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Funding
Consolidating Company
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $2,719
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($795,390) 458,693
Investments in leveraged leases 584,514
Other investments
------------------------------------------------------
Total other property and investments (795,390) 1,045,926
------------------------------------------------------
Cash and equivalents 148,702
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts (670,100) 105,818
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 13
------------------------------------------------------
Total current assets (670,100) 254,533
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 79,182
------------------------------------------------------
Total deferred charges 79,182
------------------------------------------------------
TOTAL ASSETS ($1,465,490) $1,379,641
======================================================
</TABLE>
<PAGE 79>
<PAGE>
Edison Capital and Subsidiaries
Mission Funding Epsilon Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Funding Funding Funding
Alpha Mu Delta
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases $193,081 $16,338 $20,820
Other investments
------------------------------------------------------
Total other property and investments 193,081 16,338 20,820
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 136,040 6,873 18,608
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 136,040 6,873 18,608
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $329,121 $23,211 $39,428
======================================================
</TABLE>
<PAGE 80> <PAGE>
Edison Capital and Subsidiaries
Mission Funding Epsilon Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Funding Investments (Bermuda)
Nu Inc. Investments, Ltd.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases $39,234
Other investments
------------------------------------------------------
Total other property and investments 39,234
------------------------------------------------------
Cash and equivalents $1 $1
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 16,009 1 12
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 16,009 2 13
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $55,243 $2 $13
======================================================
</TABLE>
<PAGE 81> <PAGE>
Edison Capital and Subsidiaries
Mission Funding Epsilon Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Mission
(Bermuda) Funding
Investments, Ltd. Epsilon
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $76,000 $104,415
Investments in leveraged leases 173,880
Other investments
------------------------------------------------------
Total other property and investments 76,000 278,295
------------------------------------------------------
Cash and equivalents 1
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 1 149,392
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 13
------------------------------------------------------
Total current assets 2 149,405
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred 3
------------------------------------------------------
Total deferred charges 3
------------------------------------------------------
TOTAL ASSETS $76,002 $427,703
======================================================
</TABLE>
PAGE 82
<PAGE>
Edison Capital and Subsidiaries
Mission Funding Epsilon Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Funding
Consolidating Epsilon
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($104,415) $76,000
Investments in leveraged leases 443,353
Other investments
------------------------------------------------------
Total other property and investments (104,415) 519,353
------------------------------------------------------
Cash and equivalents 3
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts (58,463) 268,473
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 13
------------------------------------------------------
Total current assets (58,463) 268,489
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 3
------------------------------------------------------
Total deferred charges 3
------------------------------------------------------
TOTAL ASSETS ($162,878) $787,845
======================================================
</TABLE>
PAGE 83
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Housing Housing Housing
Alpha Beta Delta
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $2,515 $5,286
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 2,515 5,286
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $4,606 3,524 8,880
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 4,606 3,524 8,880
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 114
------------------------------------------------------
Total deferred charges 114
------------------------------------------------------
TOTAL ASSETS $4,720 $6,039 $14,166
======================================================
</TABLE>
PAGE 84
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Housing Housing Housing
Epsilon Gamma Theta
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $582 $2,001 $1,010
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 582 2,001 1,010
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 493 2,638 924
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 493 2,638 924
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 75
------------------------------------------------------
Total deferred charges 75
------------------------------------------------------
TOTAL ASSETS $1,075 $4,639 $2,009
======================================================
</TABLE>
PAGE 85
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Housing MHIFED 94 MHICAL 94
Zeta Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $12,433 $1 $20,607
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 12,433 1 20,607
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 2,316 21,748 19,977
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 2,316 21,748 19,977
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 7,399 537
------------------------------------------------------
Total deferred charges 7,399 537
------------------------------------------------------
TOTAL ASSETS $14,749 $29,148 $41,121
======================================================
</TABLE>
<PAGE 86>
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EHI
Development MHIFED 95 MHICAL 95
Fund Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $35,088
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 35,088
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $1,796 $18,519 15,025
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 1,796 18,519 15,025
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 3,305 6,500
------------------------------------------------------
Total deferred charges 3,305 6,500
------------------------------------------------------
TOTAL ASSETS $5,101 $25,019 $50,113
======================================================
</TABLE>
<PAGE 87>
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
East Coast
Capital, Inc. MHIFED 96A MHIFED 95C
Consolidated Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $73
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $4,462
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 73 4,462
------------------------------------------------------
Cash and equivalents 378
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 471 $5,515 1,092
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 849 5,515 1,092
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 7 19,388
------------------------------------------------------
Total deferred charges 7 19,388
------------------------------------------------------
TOTAL ASSETS $929 $24,903 $5,554
======================================================
</TABLE>
<PAGE 88>
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EHI Mission
Development MHIFED 96 Housing
Company Company Holdings
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $50 $15,482
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 50 15,482
------------------------------------------------------
Cash and equivalents 1,042
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 130 $9,116 3,913
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 1,172 9,116 3,913
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 11,618
------------------------------------------------------
Total deferred charges 11,618
------------------------------------------------------
TOTAL ASSETS $1,222 $20,734 $19,395
======================================================
</TABLE>
<PAGE 89>
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
MHICAL 96 Mission Housing
Company SA Company Denver
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $21,339 $7,255
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 21,339 7,255
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 2,431 $33 3,563
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 2,431 33 3,563
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $23,770 $33 $10,818
======================================================
</TABLE>
PAGE 90
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison Edison
Housing Housing Housing
Georgia South Carolina Oregon, Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $976 $3,007
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 976 3,007
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 1 4 $3
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 1 4 3
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $977 $3,011 $3
======================================================
</TABLE>
PAGE 91
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison Capital Edison Capital
Housing Housing Housing
North Carolina Florida New Jersey
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $7,390 $6,831 $7,705
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 7,390 6,831 7,705
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 1 1 1
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 1 1 1
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $7,391 $6,832 $7,706
======================================================
</TABLE>
PAGE 92
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital
MHIFED 97 Housing MHICAL 97
Company Pennsylvania Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $8,193 $12,449
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 8,193 12,449
------------------------------------------------------
Cash and equivalents
of allowance for uncollectible accounts 2 1
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 2 1
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $8,195 $12,450
======================================================
</TABLE>
PAGE 93
<PAGE>
Edison Capital and Subsidiaries
Edison Capital Housing Investments Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital
Edison Capital Housing
Housing Consolidating Investments
Investments Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $73
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $377,226 ($190,690) 361,198
Investments in leveraged leases 639 639
Other investments
------------------------------------------------------
Total other property and investments 377,865 (190,690) 361,910
------------------------------------------------------
Cash and equivalents 826 2,246
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 226,586 (25,806) 327,504
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 227,412 (25,806) 329,750
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 28,845 77,788
------------------------------------------------------
Total deferred charges 28,845 77,788
------------------------------------------------------
TOTAL ASSETS $634,122 ($216,496) $769,448
======================================================
</TABLE>
<PAGE 94>
<PAGE>
Edison Capital and Subsidiaries
East Coast Capital Consoliated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
East
Coast EC Asset EC
Capital, Inc. Services, Inc. Properties, Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $73
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 73
------------------------------------------------------
Cash and equivalents 114 $2
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 362 108 $31
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 476 110 31
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 7
------------------------------------------------------
Total deferred charges 7
------------------------------------------------------
TOTAL ASSETS $556 $110 $31
======================================================
</TABLE>
PAGE 95
<PAGE>
Edison Capital and Subsidiaries
East Coast Capital Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC
Properties III, Inc. EC-SLP, Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents $2 $260
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 2 260
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $2 $260
======================================================
</TABLE>
PAGE 96
<PAGE>
Edison Capital and Subsidiaries
East Coast Capital Consolidated
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
East Coast
Consolidating Capital, Inc.
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $73
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 73
------------------------------------------------------
Cash and equivalents 378
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts ($30) 471
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets (30) 849
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 7
------------------------------------------------------
Total deferred charges 7
------------------------------------------------------
TOTAL ASSETS ($30) $929
======================================================
</TABLE>
<PAGE 97>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 95 Company
&
Edison Capital Edison Capital Edison Capital
Housing Housing Housing
Investments Investments Investments
============================================================================================================
============================================================================================================
<C> <C> <C>
Name of Entity: MHICAL 95 LP/ A E Associates Argyle
Abby Associates (Avenida Espana) Redevelopment
Partnership
Ownership Interest:
Ownership Interest: 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $5,324 $8,641 $5,987
Revenues $301 $475 $0
Net Income (Loss) ($110) ($318) ($0)
</TABLE>
<PAGE 150>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Bartlett Hill MHIFED 94 LP/ MHIFED 94 LP/ Centertown
Associates Berry Avenue Carlton Way Apts/ Associates
Ownership Interest: 70.0% 99.0%x1.0% 99.0%x1.0% 99.0%
Equity Interest in (000):
Assets $0 $92 $43 $7,552
Revenues $32 $3 $1 $382
Net Income (Loss) $7 ($3) ($1) ($201)
</TABLE>
<PAGE 151>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital
Housing Housing Housing
Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C>
Name of Entity: Centro MHIFED 94 LP/ Coyote Springs
Partners Corona Ely/Ranch Apartments
Associates Associates
Ownership Interest: 99.0% 99.0%x1.0% 99.0%
Equity Interest in (000):
Assets $5,494 $103 $11,826
Revenues $267 $4 $597
Net Income (Loss) ($241) ($3) ($394)
</TABLE>
<PAGE 152>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Cypress Cove EAH Larkspur East Cotati Edmundson
Associates Creekside Avenue Partners Associates
Associates (Willows)
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $2,920 $2,781 $5,755 $3,475
Revenues $101 $233 $250 $162
Net Income (Loss) ($96) ($107) ($217) ($141)
</TABLE>
<PAGE 153>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Farm (The) MHIFED 94 LP/ Gilroy Ginzton
Associates Fell Street Redwood Associates
Housing Associates
Associates
Ownership Interest: 99.0% 99.0%x1.0% 99.0% 99.0%
Equity Interest in (000):
Assets $6,090 $150 $3,232 $9,569
Revenues $251 $6 $174 $625
Net Income (Loss) ($182) ($3) ($131) ($237)
</TABLE>
<PAGE 154>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Grossman Heather Glen Holy Family MHIFED 94 LP/
Apartments Associates Associates Hope West Apts
Investors
Ownership Interest: 99.0% 99.0% 99.0% 99.0%x1.0%
Equity Interest in (000):
Assets $1,206 $5,531 $10,021 $29
Revenues $96 $340 $539 $1
Net Income (Loss) ($37) ($369) ($325) ($1)
</TABLE>
<PAGE 155>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Kennedy Lofts MHIFED 95 LP/ MHIFED 95 LP/ MH I LP/
Associates La Brea/Franklin Larkin Pine Calif Park Apts.
Ownership Interest: 97.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $19,312 $64 $88 $34
Revenues $0 $3 $3 $4
Net Income (Loss) $0 ($2) ($4) ($2)
</TABLE>
<PAGE 156>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Housing
Delta and
Edison Capital Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing Housing
Investments Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C> <C>
Name of Entity: MH II LP/ MH III LP/ MH IV LP/ MH V LP/ Mar
5363 Dent DeRose MPT Centennial Associates
Avenue Housing Apartments Place
Associates Associates (MacArthur Park)
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0% 99.0%
Equity Interest in (000):
Assets $12 $49 $73 $10,356 $11,699
Revenues $2 $5 $9 $531 $705
Net Income (Loss) ($2) ($4) ($3) ($368) ($513)
</TABLE>
<PAGE 157>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 94 Company
&
Edison Capital Edison Capital Edison Capital Mission
Housing Housing Housing Housing
Investments Investments Investments Alpha
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHICAL 94 LP/ Mid-Peninsula Mission Capp Lee Park
Mayacamas Sharmon Palms Investors
Village Associates
Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $6,703 $3,012 $5,494 $32,659
Revenues $283 $190 $379 ($164)
Net Income (Loss) ($195) ($103) ($239) ($1,229)
</TABLE>
<PAGE 158>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission Mission
Housing Housing Housing Housing
Beta Gamma Delta Delta
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Richmond Del Carlo MH I LP/ MH II LP/
City Center Court California 5363 Dent Ave
Associates Associates Park Apts
Ownership Interest: 99.0% 99.0% 99.0%x99.0% 99.0%x99.0%
Equity Interest in (000):
Assets $7,226 $5,274 $3,343 $1,227
Revenues $358 $181 $372 $164
Net Income (Loss) ($306) ($230) ($163) ($67)
</TABLE>
<PAGE 159>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission
Housing Housing Housing
Delta Delta Epsilon
===========================================================================================================
===========================================================================================================
<S> <C> <C> <C>
Name of Entity: MH III LP/ MH IV LP/ Riverside/
DeRose Housing MPT Apartments Liebrandt
Associates (MacArthur Park) Partners (La Playa)
Ownership Interest: 99.0%x99.0% 99.0%x99.0% 99.0%
Equity Interest in (000):
Assets $4,802 $7,213 $2,753
Revenues $456 $891 $83
Net Income (Loss) ($368) ($285) ($155)
</TABLE>
<PAGE 160>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission Mission
Housing Housing Housing Housing
Zeta Theta Theta Theta
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Fremont Building Mission Mission Mission
(Crescent Arms) Housing Housing Housing
Investors Investors Investors
Partnership/ Partnership/ Partnership/
Forest Winds Glen Eden Gray's Meadows
Ownership Interest: 99.0% 99.0%x5.0% 99.0%x5.0% 99.0%x5.0%
Equity Interest in (000):
Assets $19,459 $295 $364 $282
Revenues $547 $13 $13 $14
Net Income (Loss) ($1,924) ($10) ($12) ($9)
</TABLE>
<PAGE 161>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Mission Mission
Housing Housing Housing Housing
Theta Theta Theta Theta
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Mission Mission Mission Mission
Housing Housing Housing Housing
Investors Investors Investors Investors
Partnership/ Partnership/ Partnership/ Partnership/
Rancho Park Rustic Gardens Sea Ranch Prince Bozzuto
Ownership Interest: 99.0%x5.0% 99.0%x5.0% 99.0%x5.0% 99.0%x5.0%
Equity Interest in (000):
Assets $377 $145 $133 $539
Revenues $15 $5 $8 $66
Net Income (Loss) ($14) ($5) ($5) ($22)
</TABLE>
<PAGE 162>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Edison Capital
Housing Housing Housing
Theta Theta Investments
=====================================================================================================
=====================================================================================================
<S> <C> <C> <C>
Name of Entity: Mission Mission MHIFED 94 LP/
Housing Housing Morrone Gardens
Investors Investors Associates
Partnership/ Partnership/
Springdale Kresson 1028 Howard
Ownership Interest: 99.0%x5.0% 99.0%x5.0% 99.0%x1.0%
Equity Interest in (000):
Assets $417 $243 $82
Revenues $19 $10 $6
Net Income (Loss) ($9) ($8) ($3)
</TABLE>
<PAGE 163>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Neary Lagoon Open Doors MHIFED 94 LP/ Palmer
Associates Associates Pajaro Court House
Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0%
Equity Interest in (000):
Assets $9,784 $8,293 $18 $1,849
Revenues $440 $416 $1 $196
Net Income (Loss) ($376) ($236) ($1) ($49)
</TABLE>
<PAGE 164>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHIFED 95C Co
&
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHIFED 95C LP/ Pilot MHIFED 95 LP/ Post Office
Park Place Terrace Grove Pinole Grove Plaza
Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0%
Equity Interest in (000):
Assets $9,976 $7,233 $61 $62,573
Revenues $240 $0 $4 $9,063
Net Income (Loss) ($354) $0 ($1) $335
</TABLE>
<PAGE 165>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 94 Co.
&
Edison Capital Edison Capital
Housing Housing
Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C>
Name of Entity: MHICAL 94 LP/ Rosebloom
Rincon De Los Associates
Esteros Assoc (Oakshade)
Ownership Interest: 99.0% 99.0%
Equity Interest in (000):
Assets $32,354 $3,158
Revenues $2,130 $164
Net Income (Loss) ($318) ($159)
</TABLE>
<PAGE 166>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: San Pablo San Pedro Santa Paulan MHIFED 95 LP/
Senior Housing Gardens Senior Second Street
Associates Associates Apartments Center
Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%x1.0%
Equity Interest in (000):
Assets $4,187 $3,043 $8,916 $53
Revenues $294 $120 $789 $3
Net Income (Loss) ($159) ($137) ($222) ($2)
</TABLE>
<PAGE 167>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
===========================================================================================================
===========================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: South Beach Stoney Studebaker Sultana
Housing Creek Building Acres
Associates Associates Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $13,592 $9,653 $3,153 $2,586
Revenues $673 $383 $224 $146
Net Income (Loss) ($380) ($333) ($126) ($82)
</TABLE>
<PAGE 168>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Tabor Grand The Josephinum MHIFED 94 LP/ MHIFED 94 LP/
Associates Tierra Linda Tlaquepaque
Associates Housing Assoc
Ownership Interest: 99.0% 99.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $3,562 $9,843 $31 $65
Revenues $204 $1,038 $1 $3
Net Income (Loss) ($112) ($520) ($1) ($2)
</TABLE>
<PAGE 169>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Tuscany Washington Westport Wheeler
Associates Creek Village Homes Manor
Associates Associates Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $4,158 $3,764 $1,196 $11,904
Revenues $219 $183 $115 $613
Net Income (Loss) ($199) ($135) ($29) ($376)
</TABLE>
<PAGE 170>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 94 Co.
&
Edison Capital Edison Capital Edison Capital
Housing Housing Housing
Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C>
Name of Entity: MHICAL 94 LP/ Y.W.C.A. 16th and
Winfield Hill Villa Nueva Church Street
Associates Associates Associates
Ownership Interest: 99% 99% 99%
Equity Interest in (000):
Assets $21,040 $8,698 $2,507
Revenues $1,090 $330 $119
Net Income (Loss) ($371) ($194) ($130)
</TABLE>
<PAGE 171>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital
Housing Housing
Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C>
Name of Entity: 210 Delta
Washington Plaza
Avenue Apartments
Associates
(Renaissance
Plaza)
Ownership Interest: 99.0% 99.0%
Equity Interest in (000):
Assets $8,100 $2,164
Revenues $517 $91
Net Income (Loss) ($506) ($103)
</TABLE>
<PAGE 172>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHIFED 94 LP/ MHIFED 94 LP/ MHIFED 95 LP/ MHIFED 95 LP/
Fairview CDR Senior Hollywood 1101 Howard
Village Housing Assoc. El Centro St. Associates
Associates
Ownership Interest: 99.0%x1.0% 99.0%x1.0% .099.0%x1.0% 99.0%x1.00%
Equity Interest in (000):
Assets $7 $71 $118 $59
Revenues $0 $4 ($12) $2
Net Income (Loss) $0 ($2) $10 ($2)
</TABLE>
PAGE 173
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing Housing
Investments Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C> <C>
Name of Entity: MHIFED 95 LP/ MHIFED 95 LP/ Avalon Courtyard MHIFED 95 LP/ MHIFED 95 LP/
Solinas Avalon Mercy Housing Three Oaks
Village Courtyard California III Housing
Partners
Ownership Interest: 99.0%x1.0% 95.0%x1.0% 3.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $46 $93 $0 $75 $46
Revenues $2 $6 $17 $4 $3
Net Income (Loss) ($1) ($1) ($9) ($2) $0
</TABLE>
PAGE 174
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 94 Co
&
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHICAL 94 LP/ MHIFED 96 LP/ MHIFED 96 LP/ MHIFED 96 LP/
West Capital Lavell Village North Town Poco Way
Courtyard Associates Housing Partners Associates
Ownership Interest: 99.0% 99.0%x5.0% 99.0%x5.0% 99.0%x5.0%
Equity Interest in (000):
Assets $6,393 $139 $667 $878
Revenues $276 $14 $19 ($98)
Net Income (Loss) ($357) ($11) ($33) $199
</TABLE>
<PAGE 175>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 95 Co MHICAL 95 Co
& &
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHIFED 96 LP/ MHIFED 96A LP/ MHICAL 95 LP/ MHICAL 95 LP/
Seasons Affordable Santa Alicia Antelope Baker Park
Senior Housing Associates Associates
Ownership Interest: 99.0%x5.0% 99.0%x1.0% 99.0% 99.0%
Equity Interest in (000):
Assets $336 $8,464 $11,509 $22,199
Revenues $17 $14 $921 $686
Net Income (Loss) ($19) ($54) ($347) ($325)
</TABLE>
<PAGE 176>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 95 Co MHICAL 95 Co MHICAL 95 Co MHICAL 95 Co
& & & &
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHICAL 95 LP/ MHICAL 95 LP/ MHICAL 95 LP/ MHICAL 95 LP/
Bracher Catalonia Colina Vista Florin Woods
Associates Associates Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $10,703 $10,640 $6,442 $7,509
Revenues $424 $359 $246 $349
Net Income (Loss) ($234) ($259) ($186) ($216)
</TABLE>
<PAGE 177>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Housing
MHICAL 95 Co MHICAL 95 Co Holdings
& & &
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHICAL 95 LP/ MHICAL 95 LP/ Mission Housing Altamont Hotel
Pinmore Sunset Creek Partnership 1996/ Associates
Associates Partners La Terraza Associates
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $10,430 $8,917 $25,437 $0
Revenues $438 $444 $1,612 $0
Net Income (Loss) ($161) ($285) ($1,364) $0
</TABLE>
PAGE 178
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 95 Co
&
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHIFED 96A LP/ MHICAL 95 LP/ MHIFED 96A LP/ MHIFED 96A LP/
Good Samaritan Mercy Housing Reseda Village Oxnard Housing
California VI Associates
Ownership Interest: 99.0%x1.0% 99.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $0 $4,019 $0 $0
Revenues $0 $174 $0 $0
Net Income (Loss) $0 ($150) $0 $0
</TABLE>
<PAGE 179>
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 96 Co MHICAL 96 Co MHICAL 96 Co
& & &
Mission Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Denver Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Mercantile MHICAL 96 LP/ MHICAL 96 LP/ MHICAL 96 LP/
Square Klamath C-Court L.P. Greenway
Associates Village
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $10,746 $2,928 $2,907 $3,934
Revenues $249 $12 $43 $55
Net Income (Loss) ($146) ($47) ($53) ($62)
</TABLE>
PAGE 180
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MHICAL 96 Co MHICAL 96 Co MHICAL 96 Co
& & &
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: MHICAL 96 LP/ MHICAL 96 LP/ MHICAL 96 LP/ MHIFED 96A LP/
Kennedy Court Sky Parkway Westgate Round Walk
Partners Housing Townhomes Village Apts
Ownership Interest: 99.0% 99.0% 99.0% 99.0%x1.0%
Equity Interest in (000):
Assets $3,751 $7,767 $5,002 $142
Revenues $95 $190 $61 $276
Net Income (Loss) ($144) ($172) ($112) ($328)
</TABLE>
PAGE 181
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Edison Capital Edison Capital
Housing Housing Housing Housing
Investments Investments Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Mercy Housing MHIFED 96A LP/ Oceanside Mid-Peninsula
California IV Metro Senior Gardens Century Village
Ownership Interest: 99.0% 99.0%x1.0% 99.0% 99.0%
Equity Interest in (000):
Assets $4,572 $35 $1,854 $7,491
Revenues $101 $50 $70 $752
Net Income (Loss) ($126) ($121) ($80) ($102)
</TABLE>
PAGE 182
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital Mission Edison Capital
Housing Housing Housing Housing
Investments Investments Denver Investments
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: Santa Alicia Merrill Road North Park Heartland-
Gardens Associates Village LLC Wisconsin Rapids
Townhomes Timber Trails
Ownership Interest: 99.0% 99.0% 99.0% 99.0%
Equity Interest in (000):
Assets $2,592 $3,800 $2,286 $3,314
Revenues $90 $26 $126 $84
Net Income (Loss) ($54) ($56) ($41) ($246)
</TABLE>
PAGE 183
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Capital Edison Capital
Housing Housing
Investments Investments
============================================================================================================
============================================================================================================
<S> <C> <C>
Name of Entity: 1856 Wells Court Thomson Rental
Partners Housing
Ownership Interest: 99.0% 99.0%
Equity Interest in (000):
Assets $3,061 $2,475
Revenues $204 $111
Net Income (Loss) ($142) ($78)
</TABLE>
PAGE 184
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties,
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP/ CAHLP/ CAHLP/ CAHLP/
Arroyo Vista ArtLoft Assoc. The Carlin LP Diamond Phase III
Associates Venture
Ownership Interest: 99.0%x1.0% 35.6%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $171 $25 $0.29 $42
Revenues $3 $0.12 $0.03 $0.16
Net Income (Loss) ($1) ($0.13) ($0.05) ($0.16)
</TABLE>
PAGE 185
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties,
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP/ CAHLP/ CAHLP/ CAHLP/
Fairmount Hotel Walden Pond, Ltd. Caleb Affordable McKenzie Park
Urban Renewal Housing Assoc. Associates
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $84 $173 $90 $17
Revenues $1 $0.34 $3 $0.32
Net Income (Loss) ($1) ($0.75) ($0.30) ($0.08)
</TABLE>
PAGE 186
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties,
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP/ CAHLP/ CAHLP/ CAHLP/
Parkside Pines Housing Pines Housing II Smyrna Gardens
Associates Associates
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $66 $39 $13 $38
Revenues $1 $1 $0.25
Net Income (Loss) ($0.38) ($0.16) ($0.22)
</TABLE>
PAGE 187
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties,
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP/ CAHLP/ CAHLP II/ CAHLP II/
Arbor Lane Ph II Tioga Gardens ArtLoft Assoc. EDA L.P.
(Timberwood) (Eagle's Nest)
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 53.4%x1.0% 48.0%x1.0%
Equity Interest in (000):
Assets $13 $43 $38 $51
Revenues $0.35 $0.16 $0.17 $3
Net Income (Loss) ($0.09) ($0.26) ($0.20) ($0.42)
</TABLE>
PAGE 188
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP II/ CAHLP II/ CAHLP II/ CAHLP II/
Edgewood Manor Gateway Housing Junction City Apts. Homestead
Associates II (Green Park) Village
Associates
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $56 $0 $51 $45
Revenues $0.02 $0 $2 $1
Net Income (Loss) ($0.09) ($0.11) ($0.54) ($0.25)
</TABLE>
PAGE 189
<PAGE>
Edison Capital
Equity Investments in Real Estate Limited Partnerships
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
EC Properties, EC Properties, EC Properties, EC Properties,
Inc. Inc. Inc. Inc.
============================================================================================================
============================================================================================================
<S> <C> <C> <C> <C>
Name of Entity: CAHLP II/ CAHLP II/ CAHLP II/ CAHLP II/
Liberty House Rittenhouse Silver City Housing W.M. Housing
Associates School Associates
Ownership Interest: 99.0%x1.0% 99.0%x1.0% 99.0%x1.0% 99.0%x1.0%
Equity Interest in (000):
Assets $39 $39 $77 $66
Revenues $0 $0 $3 $2
Net Income (Loss) ($0.01) ($0.02) ($1) ($1)
</TABLE>
<PAGE 190>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Aguila Anacapa Arrowhead
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,448 $7,120
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 15,448 7,120
------------------------------------------------------
Cash and equivalents 5 3 $13
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 11
------------------------------------------------------
Total current assets 5 14 13
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $15,453 $7,134 $13
======================================================
</TABLE>
<PAGE 216>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Bergen Blue
Balboa Point Ridge
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $997
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 997
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 9
------------------------------------------------------
Total current assets 9
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $1,006
======================================================
</TABLE>
<PAGE 217>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Bretton
Woods Camino Capistrano
Energy Energy Cogeneration
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $127,430 $23,337
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 127,430 23,337
------------------------------------------------------
Cash and equivalents 17,902
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 464 6
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 75
------------------------------------------------------
Total current assets 18,441 6
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 2,280
------------------------------------------------------
Total deferred charges 2,280
------------------------------------------------------
TOTAL ASSETS $148,151 $23,343
======================================================
</TABLE>
<PAGE 218>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Centerport Chesapeake Chester
Energy Bay Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $2,589
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 2,589
------------------------------------------------------
Cash and equivalents 3
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 3
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $2,592
======================================================
</TABLE>
<PAGE 219>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Clayville Colonial Coronado
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 220>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Crescent
Valley Del Mar Delaware
Energy Energy Energy
Company Company Conservers, Inc.
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $17,659 $6,951
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 17,659 6,951
------------------------------------------------------
Cash and equivalents 500 3
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 8 7
------------------------------------------------------
Total current assets 508 10
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $18,167 $6,961
======================================================
</TABLE>
<PAGE 221>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Desert Eastern
Sunrise Devereaux Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $20,175 $11,484
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 20,175 11,484
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory 53
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 53
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $20,175 $11,537
======================================================
</TABLE>
<PAGE 222>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
East Maine Mission Operation &
Energy Energy Maintenance,
Company Funding Corp. Inc.
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $101
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 101
------------------------------------------------------
Cash and equivalents 1,418
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 7,281
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 19
------------------------------------------------------
Total current assets 8,718
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 27
------------------------------------------------------
Total deferred charges 27
------------------------------------------------------
TOTAL ASSETS $8,846
======================================================
</TABLE>
<PAGE 223>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Four
El Dorado Counties
Energy EMP, Gas
Company Inc. Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($193) $3,363
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments (193) 3,363
------------------------------------------------------
Cash and equivalents 48
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 78 33
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 78 81
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
Total deferred charges
------------------------------------------------------
TOTAL ASSETS ($115) $3,444
======================================================
</TABLE>
<PAGE 224>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hanover
Energy Holtsville Indian Bay
Company Energy Energy
Consolidated Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $10,732
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 10,732
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 58
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 58
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $10,790
======================================================
</TABLE>
<PAGE 225>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Kings
Jefferson Canyon Kingspark
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 226>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Laguna La Jolla Lake Grove
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS (Inactive) (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 227>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Lehigh
Lakeview River Longview
Energy Energy Cogeneration
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balanced accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 228>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Madera Madison International
Energy Energy B.V.
Company Company Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $3,242,552
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $32,009 79,385
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 32,009 3,321,937
------------------------------------------------------
Cash and equivalents 267,524
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 71,047
Fuel inventory
Materials and supplies, at average cost
Regulatory balanced accounts - net
Prepayments and other current assets 6,402
------------------------------------------------------
Total current assets 344,973
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 401,968
------------------------------------------------------
Total deferred charges 401,968
------------------------------------------------------
TOTAL ASSETS $32,009 $4,068,878
======================================================
</TABLE>
<PAGE 229>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission/ Mission
Mission Eagle Energy
Capital Energy Canada
L.P. Company Corporation
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $34,262
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 34,262
------------------------------------------------------
Cash and equivalents 117
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balanced accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 117
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $34,379
======================================================
</TABLE>
<PAGE 230>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy Fuel Mission
Construction Company Energy
Services, Inc. Consolidated Holdings, Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $86,961 ($1)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 86,961 (1)
------------------------------------------------------
Cash and equivalents 11
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $2,761
Fuel inventory
Materials and supplies, at average cost
Regulatory balanced accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 2,761 11
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 6,131
------------------------------------------------------
Total deferred charges 6,131
------------------------------------------------------
TOTAL ASSETS $2,761 $86,972 $6,130
======================================================
</TABLE>
<PAGE 231>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Energy Mission Mission
Holdings Energy Energy
International, Inc. Indonesia Mexico
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $285,210
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 285,210
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $285,210
======================================================
</TABLE>
<PAGE 232> <PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Mission Energy Mission
Energy Wales Energy
New York, Inc. Company Westside, Inc.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships $175,541 $140,596
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 175,541 140,596
------------------------------------------------------
Cash and equivalents 5
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 5
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $175,546 $140,596
======================================================
</TABLE>
<PAGE 233>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission North
Operations de Triple Cycle Jackson
Mexico Systems Energy
S.A. de C.V. Company Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant - net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 234>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Northern
Sierra Ortega Panther
Energy Energy Timber
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant - net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 235>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Pleasant Prince
Paradise Valley George
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $2,433 $16,559
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 2,433 16,559
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $2,433 $16,559
======================================================
</TABLE>
<PAGE 236>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Quartz
Peak Rapidan Reeves Bay
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $12,467 $685
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 12,467 685
------------------------------------------------------
Cash and equivalents 5
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 92
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 44
------------------------------------------------------
Total current assets 49 92
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $12,516 $777
======================================================
</TABLE>
<PAGE 237>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Rio
Ridgecrest Escondido Riverport
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts $1,416
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 1,416
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 86,131
------------------------------------------------------
Total deferred charges 86,131
------------------------------------------------------
TOTAL ASSETS $87,547
======================================================
</TABLE>
<PAGE 238>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
San
Gabriel San Joaquin San Juan
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $37,200 $9,819
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 37,200 9,819
------------------------------------------------------
Cash and equivalents 4
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 26
Fuel inventory
Materials and supplies, at average cost
Regulatory balanced accounts - net
Prepayments and other current assets 33 33
------------------------------------------------------
Total current assets 59 37
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 1,878
------------------------------------------------------
Total deferred charges 1,878
------------------------------------------------------
TOTAL ASSETS $39,137 $9,856
======================================================
</TABLE>
<PAGE 239>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
San Pedro Santa Ana Santa Clara
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS
======================================================
</TABLE>
<PAGE 240>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Silver
Silverado Springs Sonoma
Energy Energy Geothermal
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $6,149 $6,774
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 6,149 6,774
------------------------------------------------------
Cash and equivalents 3
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 15
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 10
------------------------------------------------------
Total current assets 13 15
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $6,162 $6,789
======================================================
</TABLE>
<PAGE 241>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
South Coast Sierra Thorofare
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $9,866 $52,526
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 9,866 52,526
------------------------------------------------------
Cash and equivalents 110
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 9 7
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 9 (10)
------------------------------------------------------
Total current assets 128 (3)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 1,878
------------------------------------------------------
Total deferred charges 1,878
------------------------------------------------------
TOTAL ASSETS $9,994 $54,401
======================================================
</TABLE>
<PAGE 242>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Western
Viejo Vista Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $7,304 $60,429
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 7,304 60,429
------------------------------------------------------
Cash and equivalents 3 $6
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 4,526 6
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 12 16 56
------------------------------------------------------
Total current assets 15 4,548 62
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 5,436 1,877
------------------------------------------------------
Total deferred charges 5,436 1,877
------------------------------------------------------
TOTAL ASSETS $7,319 $9,984 $62,368
======================================================
</TABLE>
<PAGE 243>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Consolidating Energy
Energy Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $5,895 $3,248,548
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,527,533 ($1,914,916) 915,883
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,533,428 (1,914,916) 4,164,431
------------------------------------------------------
Cash and equivalents 95,951 383,634
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 546 88,424
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets 433 7,167
------------------------------------------------------
Total current assets 96,930 479,225
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 6,849 (5,639) 508,816
------------------------------------------------------
Total deferred charges 6,849 (5,639) 508,816
------------------------------------------------------
TOTAL ASSETS $1,637,207 ($1,920,555) $5,152,472
======================================================
</TABLE>
<PAGE 244>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Aguila Anacapa Arrowhead
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $17,301 $3,295
Cumulative Translation Adjustments, Net
Retained earnings (4,830) (38) $11
------------------------------------------------------
12,471 3,257 11
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 12,471 3,257 11
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (14,763) 2,754 56
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 14
------------------------------------------------------
Total current liabilities (14,763) 2,768 56
------------------------------------------------------
Accumulated deferred income taxes - net 17,745 1,109 (54)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 17,745 1,109 (54)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,453 $7,134 $13
=======================================================
</TABLE>
<PAGE 245>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Bergen Blue
Balboa Point Ridge
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $968
Cumulative Translation Adjustments, Net
Retained earnings ($8) (1,907) ($7)
------------------------------------------------------
(8) (939) (7)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (8) (939) (7)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 12 1,729 12
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 12 1,729 12
------------------------------------------------------
Accumulated deferred income taxes - net (4) 216 (5)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (4) 216 (5)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,006
=======================================================
</TABLE>
<PAGE 246>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Bretton
Woods Camino Capistrano
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $314 $22,900 $4,123
Cumulative Translation Adjustments, Net
Retained earnings 66 43,985 329
------------------------------------------------------
380 66,885 4,452
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 419,799
------------------------------------------------------
Total capitalization 380 486,684 4,452
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 27,259
Short-term debt
Accounts payable (432) (404,179) 645
Accrued taxes
Accrued interest 963
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 90
------------------------------------------------------
Total current liabilities (432) (375,867) 645
------------------------------------------------------
Accumulated deferred income taxes - net 52 29,004 16,016
Accumulated deferred investment tax credits 8,330 2,230
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 52 37,334 18,246
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $148,151 $23,343
=======================================================
</TABLE>
<PAGE 247>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Centerport Chesapeake Chester
Energy Bay Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $241 $2,537 $115
Cumulative Translation Adjustments, Net
Retained earnings 49 15 (141)
------------------------------------------------------
290 2,552 (26)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 290 2,552 (26)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (334) 39 26
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (334) 39 26
------------------------------------------------------
Accumulated deferred income taxes - net 44 1
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 44 1
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,592
=======================================================
</TABLE>
<PAGE 248>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Clayville Colonial Coronado
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital
Cumulative Translation Adjustments, Net
Retained earnings ($4) ($3) ($4)
------------------------------------------------------
(4) (3) (4)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (4) (3) (4)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable stock
Short-term debt
Accounts payable 4 3 4
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 4 3 4
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 249>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Crescent
Valley Del Mar Delaware
Energy Energy Energy
Company Company Conservers, Inc.
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $2,240
Cumulative Translation Adjustments, Net
Retained earnings $6,998 793 ($1)
------------------------------------------------------
6,998 3,033 (1)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 6,998 3,033 (1)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 3,868 1,334 1
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 9 9
------------------------------------------------------
Total current liabilities 3,877 1,343 1
------------------------------------------------------
Accumulated deferred income taxes - net 6,011 2,585
Accumulated deferred investment tax credits 1,281
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 7,292 2,585
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $18,167 $6,961
=======================================================
</TABLE>
<PAGE 250>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Desert Eastern
Sunrise Devereaux Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $1
Additional Paid in Capital 12 $34,545 $9,153
Cumulative Translation Adjustments, Net
Retained earnings (3) (5,114) 1,452
------------------------------------------------------
10 29,431 10,605
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 10 29,431 10,605
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (11) (14,029) 424
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (11) (14,029) 424
------------------------------------------------------
Accumulated deferred income taxes - net 1 4,773 508
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 1 4,773 508
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $20,175 $11,537
=======================================================
</TABLE>
PAGE 251
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
East Maine Mission Operation &
Energy Energy Maintenance
Company Funding Corp. Inc.
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $11,250
Cumulative Translation Adjustments, Net
Retained earnings ($6) 5,564
------------------------------------------------------
(6) 16,814
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (6) 16,814
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 6 (10,043)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 3,027
------------------------------------------------------
Total current liabilities 6 (7,016)
------------------------------------------------------
Accumulated deferred income taxes - net (952)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (952)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $8,846
=======================================================
</TABLE>
<PAGE 252>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Four
El Dorado Counties
Energy EMP, Gas
Company Inc. Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $8,800
Additional Paid in Capital $12,523 480
Cumulative Translation Adjustments, Net
Retained earnings (7,035) (16,722) ($1)
------------------------------------------------------
5,488 (7,442) (4)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 5,488 (7,442) (4)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (551) (48) 4
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (551) (48) 4
------------------------------------------------------
Accumulated deferred income taxes - net (5,052) 9,188
Accumulated deferred investment tax credits 1,746
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (5,052) 10,934
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES ($115) $3,444
=======================================================
</TABLE>
<PAGE 253>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hanover
Energy Holtsville Indian Bay
Company Energy Energy
Consolidated Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $6,164 $1,272 $207
Cumulative Translation Adjustments, Net
Retained earnings (18) (894) 40
------------------------------------------------------
6,146 378 247
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 6,146 378 247
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 464 (547) (286)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 464 (547) (286)
------------------------------------------------------
Accumulated deferred income taxes - net 4,180 169 39
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 4,180 169 39
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $10,790
=======================================================
</TABLE>
<PAGE 254>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Kings
Jefferson Canyon Kingspark
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $3,094
Cumulative Translation Adjustments, Net
Retained earnings ($948) ($4) 244
------------------------------------------------------
(948) (4) 3,338
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (948) (4) 3,338
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (211) 4 (4,597)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (211) 4 (4,597)
------------------------------------------------------
Accumulated deferred income taxes - net 1,159 1,259
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 1,159 1,259
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 255>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Laguna La Jolla Lake Grove
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive) (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $11,535 $697
Cumulative Translation Adjustments, Net
Retained earnings (1,551) ($4) (508)
------------------------------------------------------
9,984 (4) 189
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 2,352
------------------------------------------------------
Total capitalization 12,336 (4) 189
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (12,513) 4 (189)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (12,513) 4 (189)
------------------------------------------------------
Accumulated deferred income taxes - net 177
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 177
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 256>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Lakeview Lehigh River Longview
Energy Energy Cogeneration
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $8,092
Cumulative Translation Adjustments, Net
Retained earnings ($4) (7,302) ($4)
------------------------------------------------------
(4) 790 (4)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (4) 790 (4)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 4 (1,654) 4
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 4 (1,654) 4
------------------------------------------------------
Accumulated deferred income taxes - net 856
Accumulated deferred investment tax credits 8
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 864
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 257>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Madera Madison International
Energy Energy B.V.
Company Company Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $22,860
Additional Paid in Capital $25,440 755,536
Cumulative Translation Adjustments, Net 63,945
Retained earnings ($7) 2,755 111,638
------------------------------------------------------
(7) 28,195 953,979
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 1,782,238
------------------------------------------------------
Total capitalization (7) 28,195 2,736,217
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 52,441
Short-term debt
Accounts payable 12 218 32,998
Accrued taxes 34,787
Accrued interest 33,209
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 3,067
------------------------------------------------------
Total current liabilities 12 218 156,502
------------------------------------------------------
Accumulated deferred income taxes - net (5) 3,596 368,955
Accumulated deferred investment tax credits
Customer advances and other deferred credits 39,049
------------------------------------------------------
Total deferred credits (5) 3,596 408,004
------------------------------------------------------
Minority interest 768,155
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $32,009 $4,068,878
=======================================================
</TABLE>
<PAGE 258>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission/ Mission
Eagle Energy
Mission Energy Canada
Capital L.P. Company Corporation
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock ($1)
Additional Paid in Capital $45,135
Cumulative Translation Adjustments, Net (7,293)
Retained earnings (1) ($1) (8,652)
------------------------------------------------------
(2) (1) 29,190
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership 150,000
Long-term debt
------------------------------------------------------
Total capitalization 149,998 (1) 29,190
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable stock
Short-term debt
Accounts payable (149,998) 6,094
Accrued taxes (2,747)
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (149,998) 3,347
------------------------------------------------------
Accumulated deferred income taxes - net 1 1,842
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 1 1,842
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $34,379
=======================================================
</TABLE>
<PAGE 259>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy Fuel Mission
Construction Company Energy
Services, Inc. Consolidated Holdings, Inc.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $91,612
Cumulative Translation Adjustments, Net
Retained earnings ($1) 3,862 ($418)
------------------------------------------------------
(1) 95,474 (418)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (1) 95,474 (418)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 2,762 (6,674) 6,266
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 1,234
------------------------------------------------------
Total current liabilities 2,762 (5,440) 6,266
------------------------------------------------------
Accumulated deferred income taxes - net (3,062) 282
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (3,062) 282
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,761 $86,972 $6,130
=======================================================
</TABLE>
<PAGE 260>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Energy Mission Mission
Holdings Energy Energy
International, Inc. Indonesia Mexico
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $200
Cumulative Translation Adjustments, Net
Retained earnings $285,208 ($4) (1,141)
------------------------------------------------------
285,208 (4) (941)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 285,208 (4) (941)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 83 4 936
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 83 4 936
------------------------------------------------------
Accumulated deferred income taxes - net (81) 5
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (81) 5
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $285,210
=======================================================
</TABLE>
<PAGE 261>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Mission Energy Mission
Energy Wales Energy
New York, Inc. Company Westside, Inc.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $130,303
Cumulative Translation Adjustments, Net
Retained earnings ($24,362) 7,633 ($2)
------------------------------------------------------
(24,362) 137,936 (2)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 14,701
------------------------------------------------------
Total capitalization (9,661) 137,936 (2)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 188,724 (18,822) 2
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 188,724 (18,822) 2
------------------------------------------------------
Accumulated deferred income taxes - net (3,517) 21,482
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (3,517) 21,482
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $175,546 $140,596
=======================================================
</TABLE>
<PAGE 262>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission North
Operations Triple Cycle Jackson
de Mexico Systems Energy
S.A. de C.V. Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $335
Cumulative Translation Adjustments, Net
Retained earnings 154 ($1)
------------------------------------------------------
489 (1)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 489 (1)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (313) 1
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (313) 1
------------------------------------------------------
Accumulated deferred income taxes - net (176)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (176)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 263>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Northern
Sierra Ortega Panther
Energy Energy Timber
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $966
Cumulative Translation Adjustments, Net
Retained earnings $134 ($5) 255
------------------------------------------------------
134 (5) 1,221
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 134 (5) 1,221
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (134) 5 (777)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (134) 5 (777)
------------------------------------------------------
Accumulated deferred income taxes - net (444)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (444)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 264>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Pleasant Prince
Paradise Valley George
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $119 $11,912
Cumulative Translation Adjustments, Net
Retained earnings ($58) (136) 361
------------------------------------------------------
(58) (17) 12,273
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (58) (17) 12,273
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (4,009) 1,508 756
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (4,009) 1,508 756
------------------------------------------------------
Accumulated deferred income taxes - net 4,067 942 3,530
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 4,067 942 3,530
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,433 $16,559
=======================================================
</TABLE>
<PAGE 265>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Quartz
Peak Rapidan Reeves Bay
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $9,278 $1,976 $788
Cumulative Translation Adjustments, Net
Retained earnings 71 (900) (670)
------------------------------------------------------
9,349 1,076 118
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 9,349 1,076 118
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 257 913 (118)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 51
------------------------------------------------------
Total current liabilities 308 913 (118)
------------------------------------------------------
Accumulated deferred income taxes - net 2,859 (1,212)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 2,859 (1,212)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $12,516 $777
=======================================================
</TABLE>
<PAGE 266>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Rio
Ridgecrest Escondido Riverport
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $95,586 $332
Cumulative Translation Adjustments, Net
Retained earnings ($7) (8,153) 76
------------------------------------------------------
(7) 87,433 408
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (7) 87,433 408
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 12 (4,250) (460)
Accrued taxes 3,365
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 12 (885) (460)
------------------------------------------------------
Accumulated deferred income taxes - net (5) 999 52
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (5) 999 52
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $87,547
=======================================================
</TABLE>
<PAGE 267>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
San
Gabriel San Joaquin San Juan
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $3,000 $4,942
Cumulative Translation Adjustments, Net
Retained earnings ($839) 13,490 1,438
------------------------------------------------------
(839) 16,490 6,380
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 419,799
------------------------------------------------------
Total capitalization (839) 436,289 6,380
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 27,259
Short-term debt
Accounts payable 833 (442,365) 782
Accrued taxes
Accrued interest 963
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 40 40
------------------------------------------------------
Total current liabilities 833 (414,103) 822
------------------------------------------------------
Accumulated deferred income taxes - net 6 13,953 2,654
Accumulated deferred investment tax credits 2,998
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 6 16,951 2,654
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $39,137 $9,856
=======================================================
</TABLE>
<PAGE 268>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
San Pedro Santa Ana Santa Clara
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital
Cumulative Translation Adjustments, Net
Retained earnings ($7) ($7) ($5)
------------------------------------------------------
(7) (7) (5)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (7) (7) (5)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 12 11 5
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 12 11 5
------------------------------------------------------
Accumulated deferred income taxes - net (5) (4)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (5) (4)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES
=======================================================
</TABLE>
<PAGE 269>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Silver
Silverado Springs Sonoma
Energy Energy Geothermal
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $2,911 $5,512
Cumulative Translation Adjustments, Net
Retained earnings 1,525 ($4) (830)
------------------------------------------------------
4,436 (4) 4,682
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 4,436 (4) 4,682
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 935 4 2,527
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 12
------------------------------------------------------
Total current liabilities 947 4 2,527
------------------------------------------------------
Accumulated deferred income taxes - net 779 (434)
Accumulated deferred investment tax credits 14
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 779 (420)
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $6,162 $6,789
=======================================================
</TABLE>
<PAGE 270>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
South Coast Sierra Thorofare
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $5,000 $15,000
Additional Paid in Capital (2,930) (9,544)
Cumulative Translation Adjustments, Net
Retained earnings 3,328 30,724 ($1)
------------------------------------------------------
5,398 36,180 (1)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 419,799
------------------------------------------------------
Total capitalization 5,398 455,979 (1)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 27,259
Short-term debt
Accounts payable 488 (445,731) (25)
Accrued taxes
Accrued interest 963
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 50
------------------------------------------------------
Total current liabilities 538 (417,509) (25)
------------------------------------------------------
Accumulated deferred income taxes - net 3,342 12,309 26
Accumulated deferred investment tax credits 716 3,622
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 4,058 15,931 26
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $9,994 $54,401
=======================================================
</TABLE>
<PAGE 271>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Western
Viejo Vista Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $21,000
Additional Paid in Capital $3,255 $13,162 (7,910)
Cumulative Translation Adjustments, Net
Retained earnings 119 (1,887) 16,693
------------------------------------------------------
3,374 11,275 29,783
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt 1,917 419,799
------------------------------------------------------
Total capitalization 3,374 13,192 449,582
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 1,294 27,259
Short-term debt
Accounts payable 2,788 (13,978) (435,064)
Accrued taxes
Accrued interest 963
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 14 1,092 67
------------------------------------------------------
Total current liabilities 2,802 (11,592) (406,775)
------------------------------------------------------
Accumulated deferred income taxes - net 1,143 8,384 15,247
Accumulated deferred investment tax credits 4,314
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 1,143 8,384 19,561
------------------------------------------------------
Minority interest
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $7,319 $9,984 $62,368
=======================================================
</TABLE>
<PAGE 272>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Consolidating Energy
Energy Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $64,130 ($72,660) $64,130
Additional Paid in Capital 636,790 (1,342,471) 629,289
Cumulative Translation Adjustments, Net 7,335 (95) 63,892
Retained earnings 256,174 (437,431) 262,594
------------------------------------------------------
964,429 (1,852,657) 1,019,905
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership 150,000
Long-term debt 198,883 (1,259,397) 2,419,890
------------------------------------------------------
Total capitalization 1,163,312 (3,112,054) 3,589,795
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock (81,777) 80,994
Short-term debt
Accounts payable 458,209 1,334,811 67,252
Accrued taxes 35,405
Accrued interest 905 (2,890) 35,076
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 43,347 52,163
------------------------------------------------------
Total current liabilities 502,461 1,250,144 270,890
------------------------------------------------------
Accumulated deferred income taxes - net (28,566) 2,221 520,190
Accumulated deferred investment tax credits 25,259
Customer advances and other deferred credits 39,049
------------------------------------------------------
Total deferred credits (28,566) 2,221 584,498
------------------------------------------------------
Minority interest (60,866) 707,289
-------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,637,207 ($1,920,555) $5,152,472
=======================================================
</TABLE>
<PAGE 273>
<PAGE>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Aguila Anacapa Arrowhead
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations ($2,443) $1,426
-----------------------------------------------------
Total operating revenue (2,443) 1,426
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 605 1,224
Maintenance
Depreciation and decommissioning 68
Income taxes (1,503) 55 ($5)
Property and other taxes
------------------------------------------------------
Total operating expenses (898) 1,347 (5)
------------------------------------------------------
Operating income (1,545) 79 5
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 6
Minority interest
Taxes on nonoperating income (2)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 4
------------------------------------------------------
Income before interest and
other expenses (1,545) 79 9
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1,545) 79 9
Retained Earnings - beginning of year (3,285) (117) 2
Deduct - Dividend on Common Stock and Other
------------------------------------------------------
Retained Earnings - end of year ($4,830) ($38) $11
======================================================
</TABLE>
<PAGE 274>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Bergen Blue
Balboa Point Ridge
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $85
-----------------------------------------------------
Total operating revenue 85
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,210
Maintenance
Depreciation and decommissioning 14
Income taxes $1 (457) $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 767 1
------------------------------------------------------
Operating income (1) (682) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses (1) (682) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (682) (1)
Retained Earnings - beginning of year (7) (1,226) (6)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($8) ($1,907) ($7)
======================================================
</TABLE>
<PAGE 275>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Bretton
Woods Camino Capistrano
Energy Energy Cogeneration
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $32,876 $5,299
-----------------------------------------------------
Total operating revenue 32,876 5,299
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,302 1,210
Maintenance
Depreciation and decommissioning 688 8
Income taxes $1 10,420 1,330
Property and other taxes
------------------------------------------------------
Total operating expenses 1 12,410 2,548
------------------------------------------------------
Operating income (1) 20,466 2,751
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 2,329
Minority interest
Taxes on nonoperating income (244)
Other nonoperating income - net (1,698)
------------------------------------------------------
Total other income (deductions) - net 387
------------------------------------------------------
Income before interest and
other expenses (1) 20,853 2,751
------------------------------------------------------
Interest on long-term debt 4,706
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 4,706
------------------------------------------------------
NET INCOME (1) 16,147 2,751
Retained Earnings - beginning of year 68 27,838 868
Deduct - Dividend on Common Stock and Other (1) (3,290)
------------------------------------------------------
Retained Earnings - end of year $66 $43,985 $329
======================================================
</TABLE>
<PAGE 276>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Centerport Chesapeake Chester
Energy Bay Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1 1
------------------------------------------------------
Operating income (1) (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 3
Minority interest
Taxes on nonoperating income (1)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 2
------------------------------------------------------
Income before interest and
other expenses (1) 1 (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) 1 (1)
Retained Earnings - beginning of year 49 14 (140)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year $49 $15 ($141)
======================================================
</TABLE>
PAGE 277
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Clayville Colonial Coronado
Energy Energy Energy
Company Company Company
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1 1
------------------------------------------------------
Operating income (1) (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses (1) (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (1) (1)
Retained Earnings - beginning of year (4) (2) (4)
Deduct - Dividend on Common Stock and Other 1 1
------------------------------------------------------
Retained Earnings - end of year ($4) ($3) ($4)
======================================================
</TABLE>
<PAGE 278>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Crescent
Valley Del Mar Delaware
Energy Energy Energy
Company Company Conservers, Inc.
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $3,213 $1,702
-----------------------------------------------------
Total operating revenue 3,213 1,702
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,219 1,220
Maintenance
Depreciation and decommissioning 14
Income taxes 491 198 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1,710 1,432 1
------------------------------------------------------
Operating income 1,503 270 (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (155)
Other nonoperating income - net 400
------------------------------------------------------
Total other income (deductions) - net 245
------------------------------------------------------
Income before interest and
other expenses 1,748 270 (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 1,748 270 (1)
Retained Earnings - beginning of year 5,252 523
Deduct - Dividend on Common Stock and Other (2)
------------------------------------------------------
Retained Earnings - end of year $6,998 $793 ($1)
======================================================
</TABLE>
PAGE 279
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Desert Eastern
Sunrise Devereaux Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations ($3,412) $3,743
-----------------------------------------------------
Total operating revenue (3,412) 3,743
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 605 1,210
Maintenance
Depreciation and decommissioning 204
Income taxes $1 (1,717) 802
Property and other taxes
------------------------------------------------------
Total operating expenses 1 (1,112) 2,216
------------------------------------------------------
Operating income (1) (2,300) 1,527
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (29)
Other nonoperating income - net 75
------------------------------------------------------
Total other income (deductions) - net 46
------------------------------------------------------
Income before interest and
other expenses (1) (2,300) 1,573
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (2,300) 1,573
Retained Earnings - beginning of year (2) (2,813) (121)
Deduct - Dividend on Common Stock and Other (1)
------------------------------------------------------
Retained Earnings - end of year ($3) ($5,114) $1,452
======================================================
</TABLE>
<PAGE 280>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Edison Edison
East Maine Mission Mission
Energy Energy Operation &
Company Funding Corp. Maintenance,Inc.
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $29,456
-----------------------------------------------------
Total operating revenue 29,456
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 25,567
Maintenance
Depreciation and decommissioning 116
Income taxes $1 1,414
Property and other taxes 5
------------------------------------------------------
Total operating expenses 1 27,102
------------------------------------------------------
Operating income (1) 2,354
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 63
Minority interest
Taxes on nonoperating income (70)
Other nonoperating income - net 118
------------------------------------------------------
Total other income (deductions) - net 111
------------------------------------------------------
Income before interest and
other expenses (1) 2,465
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) 2,465
Retained Earnings - beginning of year (5) 3,098
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($6) $5,564
======================================================
</TABLE>
<PAGE 281>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Four
El Dorado Counties
Energy EMP, Gas
Company Inc. Company
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $158 ($26,904)
-----------------------------------------------------
Total operating revenue 158 (26,904)
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 605 1,210
Maintenance
Depreciation and decommissioning 212
Income taxes (732) (12,060) $1
Property and other taxes
------------------------------------------------------
Total operating expenses 85 (10,850) 1
------------------------------------------------------
Operating income 73 (16,054) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 679 137
Minority interest
Taxes on nonoperating income 3,313 (77)
Other nonoperating income - net (9,256) 62
------------------------------------------------------
Total other income (deductions) - net (5,264) 122
------------------------------------------------------
Income before interest and
other expenses (5,191) (15,932) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (5,191) (15,932) (1)
Retained Earnings - beginning of year (1,844) (790)
Deduct - Dividend on Common Stock and Other
------------------------------------------------------
Retained Earnings - end of year ($7,035) ($16,722) ($1)
======================================================
</TABLE>
<PAGE 282>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Hanover
Energy Holtsville Indian Bay
Company Energy Energy
Consolidated Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $2,189
-----------------------------------------------------
Total operating revenue 2,189
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,210
Maintenance
Depreciation and decommissioning 126
Income taxes 216 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1,552 1 1
------------------------------------------------------
Operating income 637 (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (4)
Other nonoperating income - net 9
------------------------------------------------------
Total other income (deductions) - net 5
------------------------------------------------------
Income before interest and
other expenses 642 (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 642 (1) (1)
Retained Earnings - beginning of year (660) (894) 41
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($18) ($894) $40
======================================================
</TABLE>
<PAGE 283>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Kings
Jefferson Canyon Kingspark
Energy Energy Energy
Company Company Company
============================================================================================================
(Inactive) (Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $4 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 4 1 1
------------------------------------------------------
Operating income (4) (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (464)
Other nonoperating income - net 1,200
------------------------------------------------------
Total other income (deductions) - net 736
------------------------------------------------------
Income before interest and
other expenses 732 (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 732 (1) (1)
Retained Earnings - beginning of year (1,680) (4) 245
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($948) ($4) $244
======================================================
</TABLE>
<PAGE 284>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Laguna La Jolla Lake Grove
Energy Energy Energy
Company Company Company
============================================================================================================
(Inactive) (Inactive) (Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes ($54) $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses (54) 1 1
------------------------------------------------------
Operating income 54 (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses 54 (1) (1)
------------------------------------------------------
Interest on long-term debt 136
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 136
------------------------------------------------------
NET INCOME (82) (1) (1)
Retained Earnings - beginning of year (1,468) (4) (507)
Deduct - Dividend on Common Stock and Other (1) 1
------------------------------------------------------
Retained Earnings - end of year ($1,551) ($4) ($508)
======================================================
</TABLE>
<PAGE 285>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Lehigh
Lakeview River Longview
Energy Energy Cogeneration
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $1,210
Maintenance
Depreciation and decommissioning
Income taxes $1 (522) $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 688 1
------------------------------------------------------
Operating income (1) (688) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income 1
Other nonoperating income - net (3)
------------------------------------------------------
Total other income (deductions) - net (2)
------------------------------------------------------
Income before interest and
other expenses (1) (690) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (690) (1)
Retained Earnings - beginning of year (4) (6,612) (3)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($4) ($7,302) ($4)
======================================================
</TABLE>
<PAGE 286>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
MEC
Madera Madison International
Energy Energy B.V.
Company Company Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $650,838
Diversified operations $2,144 27,057
-----------------------------------------------------
Total operating revenue 2,144 677,895
-----------------------------------------------------
Fuel 137,151
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 605 128,578
Maintenance
Depreciation and decommissioning 132 74,699
Income taxes $1 363 33,446
Property and other taxes 17,952
------------------------------------------------------
Total operating expenses 1 1,100 391,826
------------------------------------------------------
Operating income (1) 1,044 286,069
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 9,811
Minority interest (86,432)
Taxes on nonoperating income (3,434)
Other nonoperating income - net 1,952
------------------------------------------------------
Total other income (deductions) - net (78,103)
------------------------------------------------------
Income before interest and
other expenses (1) 1,044 207,966
------------------------------------------------------
Interest on long-term debt 166,001
Other interest expense (11)
Allowance for borrowed funds used during
construction
Capitalized interest (41,555)
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 124,435
------------------------------------------------------
NET INCOME (1) 1,044 83,531
Retained Earnings - beginning of year (6) 1,711 28,107
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($7) $2,755 $111,638
======================================================
</TABLE>
<PAGE 287>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Mission/ Mission
Mission Eagle Energy
Capital Energy Canada
L.P. Company Corporation
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations ($4,403)
-----------------------------------------------------
Total operating revenue (4,403)
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 15
Maintenance
Depreciation and decommissioning 5
Income taxes ($5,389) $1 2,550
Property and other taxes
------------------------------------------------------
Total operating expenses (5,389) 1 2,570
------------------------------------------------------
Operating income 5,389 (1) (6,973)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 13,953 (427)
Minority interest
Taxes on nonoperating income (5,390) 166
Other nonoperating income - net (3)
------------------------------------------------------
Total other income (deductions) - net 8,563 (264)
------------------------------------------------------
Income before interest and
other expenses 13,952 (1) (7,237)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities 13,953
------------------------------------------------------
Total interest and other expenses - net 13,953
------------------------------------------------------
NET INCOME (1) (1) (7,237)
Retained Earnings - beginning of year (1,414)
Deduct - Dividend on Common Stock and Other (1)
------------------------------------------------------
Retained Earnings - end of year ($1) ($1) ($8,652)
======================================================
</TABLE>
<PAGE 288>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnigns
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy Fuel Mission
Construction Company Energy
Services, Inc. Consolidated Holdings, Inc.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $29,540
-----------------------------------------------------
Total operating revenue 29,540
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 2,602
Maintenance
Depreciation and decommissioning 7,622
Income taxes $1 4,108 $16
Property and other taxes
------------------------------------------------------
Total operating expenses 1 14,332 16
------------------------------------------------------
Operating income (1) 15,208 (16)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 5
Minority interest
Taxes on nonoperating income (2)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 3
------------------------------------------------------
Income before interest and
other expenses (1) 15,211 (16)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities 218
------------------------------------------------------
Total interest and other expenses - net 218
------------------------------------------------------
NET INCOME (1) 15,211 (234)
Retained Earnings - beginning of year 36,817 (1)
Deduct - Dividend on Common Stock and Other (48,166) (183)
------------------------------------------------------
Retained Earnings - end of year ($1) $3,862 ($418)
======================================================
</TABLE>
<PAGE 289>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Mission
Energy Mission Mission
Holdings Energy Energy
International, Inc. Indonesia Mexico
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1 ($1)
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1 (1)
------------------------------------------------------
Operating income (1) (1) 1
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income 2
Other nonoperating income - net (4)
------------------------------------------------------
Total other income (deductions) - net (2)
------------------------------------------------------
Income before interest and
other expenses (1) (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (1) (1)
Retained Earnings - beginning of year (1) (4) (1,139)
Deduct - Dividend on Common Stock and Other 285,210 1 (1)
------------------------------------------------------
Retained Earnings - end of year $285,208 ($4) ($1,141)
======================================================
</TABLE>
<PAGE 290>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Mission
Mission Energy Mission
Energy Wales Energy
New York, Inc. Company Westside, Inc.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $256 $16,885
-----------------------------------------------------
Total operating revenue 256 16,885
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes (14,515) 10,661 $1
Property and other taxes
------------------------------------------------------
Total operating expenses (14,515) 10,661 1
------------------------------------------------------
Operating income 14,771 6,224 (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 29 33
Minority interest
Taxes on nonoperating income (37) (13)
Other nonoperating income - net 67
------------------------------------------------------
Total other income (deductions) - net 59 20
------------------------------------------------------
Income before interest and
other expenses 14,830 6,244 (1)
------------------------------------------------------
Interest on long-term debt 38,021
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 38,021
------------------------------------------------------
NET INCOME (23,191) 6,244 (1)
Retained Earnings - beginning of year (1,173) (4) (1)
Deduct - Dividend on Common Stock and Other 2 1,393
------------------------------------------------------
Retained Earnings - end of year ($24,362) $7,633 ($2)
======================================================
</TABLE>
<PAGE 291>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Mission Mission North
Operations Triple Cycle Jackson
de Mexico Systems Energy
S.A. de C.V. Company Company
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1
------------------------------------------------------
Operating income (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (1)
Retained Earnings - beginning of year 155 (1)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year $154 ($1)
======================================================
</TABLE>
<PAGE 292>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Northern
Sierra Ortega Panther
Energy Energy Timber
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1 1
------------------------------------------------------
Operating income (1) (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses (1) (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (1) (1)
Retained Earnings - beginning of year 134 (5) 256
Deduct - Dividend on Common Stock and Other 1 1
------------------------------------------------------
Retained Earnings - end of year $134 ($5) $255
======================================================
</TABLE>
<PAGE 293>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Pleasant Prince
Paradise Valley George
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations ($25) $4,304
-----------------------------------------------------
Total operating revenue (25) 4,304
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 605 1,210
Maintenance
Depreciation and decommissioning 614
Income taxes $58 (250) 888
Property and other taxes
------------------------------------------------------
Total operating expenses 58 355 2,712
------------------------------------------------------
Operating income (58) (380) 1,592
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income (55)
Minority interest
Taxes on nonoperating income 19
Other nonoperating income - net 7
------------------------------------------------------
Total other income (deductions) - net (29)
------------------------------------------------------
Income before interest and
other expenses (58) (409) 1,592
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (58) (409) 1,592
Retained Earnings - beginning of year 273 (494)
Deduct - Dividend on Common Stock and Other (737)
------------------------------------------------------
Retained Earnings - end of year ($58) ($136) $361
======================================================
</TABLE>
<PAGE 294>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Quartz
Peak Rapidan Reeves Bay
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $2,162 $44
-----------------------------------------------------
Total operating revenue 2,162 44
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,256 605
Maintenance
Depreciation and decommissioning 61 4
Income taxes 286 (225) $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1,603 384 1
------------------------------------------------------
Operating income 559 (340) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 133
Minority interest
Taxes on nonoperating income (51) (641)
Other nonoperating income - net 1,660
------------------------------------------------------
Total other income (deductions) - net 82 1,019
------------------------------------------------------
Income before interest and
other expenses 641 679 (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 641 679 (1)
Retained Earnings - beginning of year 104 (265) (669)
Deduct - Dividend on Common Stock and Other (674) (1,314)
------------------------------------------------------
Retained Earnings - end of year $71 ($900) ($670)
======================================================
</TABLE>
<PAGE 295>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Rio
Ridgecrest Escondido Riverport
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $717 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 717 1
------------------------------------------------------
Operating income (1) (717) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 6,612
Minority interest
Taxes on nonoperating income (2,554)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 4,058
------------------------------------------------------
Income before interest and
other expenses (1) 3,341 (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) 3,341 (1)
Retained Earnings - beginning of year (6) (11,492) 77
Deduct - Dividend on Common Stock and Other (2)
------------------------------------------------------
Retained Earnings - end of year ($7) ($8,153) $76
======================================================
</TABLE>
<PAGE 296>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
San Gabriel San Joaquin San Juan
Energy Energy Energy
Company Company Company
============================================================================================================
(Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations ($1,017) $12,354 $8,825
-----------------------------------------------------
Total operating revenue (1,017) 12,354 8,825
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,258 1,247
Maintenance
Depreciation and decommissioning 30 90
Income taxes (400) 4,051 2,795
Property and other taxes
------------------------------------------------------
Total operating expenses (400) 5,339 4,132
------------------------------------------------------
Operating income (617) 7,015 4,693
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,042
Minority interest
Taxes on nonoperating income (424)
Other nonoperating income - net 56 1
------------------------------------------------------
Total other income (deductions) - net 674 1
------------------------------------------------------
Income before interest and
other expenses (617) 7,689 4,694
------------------------------------------------------
Interest on long-term debt 978
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 978
------------------------------------------------------
NET INCOME (617) 6,711 4,694
Retained Earnings - beginning of year (222) 7,776 (1,417)
Deduct - Dividend on Common Stock and Other (997) (1,839)
------------------------------------------------------
Retained Earnings - end of year ($839) $13,490 $1,438
======================================================
</TABLE>
<PAGE 297>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
San Pedro Santa Ana Santa Clara
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
-----------------------------------------------------
Total operating revenue
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses
Maintenance
Depreciation and decommissioning
Income taxes $1 $1 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 1 1 1
------------------------------------------------------
Operating income (1) (1) (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and
other expenses (1) (1) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (1) (1) (1)
Retained Earnings - beginning of year (6) (7) (4)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year ($7) ($7) ($5)
======================================================
</TABLE>
<PAGE 298>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Silver
Silverado Springs Sonoma
Energy Energy Geothermal
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $2,136 $320
-----------------------------------------------------
Total operating revenue 2,136 320
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,222 1,210
Maintenance
Depreciation and decommissioning 50
Income taxes 353 $1 (369)
Property and other taxes
------------------------------------------------------
Total operating expenses 1,625 1 841
------------------------------------------------------
Operating income 511 (1) (521)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 3
Minority interest
Taxes on nonoperating income (12)
Other nonoperating income - net 28
------------------------------------------------------
Total other income (deductions) - net 19
------------------------------------------------------
Income before interest and
other expenses 511 (1) (502)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 511 (1) (502)
Retained Earnings - beginning of year 1,014 (4) (328)
Deduct - Dividend on Common Stock and Other 1
------------------------------------------------------
Retained Earnings - end of year $1,525 ($4) ($830)
======================================================
</TABLE>
<PAGE 299>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Southern
South Coast Sierra Thorofare
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $4,741 $26,987
-----------------------------------------------------
Total operating revenue 4,741 26,987
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,211 1,273
Maintenance
Depreciation and decommissioning 5 58
Income taxes 1,379 9,826 $1
Property and other taxes
------------------------------------------------------
Total operating expenses 2,595 11,157 1
------------------------------------------------------
Operating income 2,146 15,830 (1)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,040
Minority interest
Taxes on nonoperating income 214 (402)
Other nonoperating income - net (554)
------------------------------------------------------
Total other income (deductions) - net (340) 638
------------------------------------------------------
Income before interest and
other expenses 1,806 16,468 (1)
------------------------------------------------------
Interest on long-term debt 978
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 978
------------------------------------------------------
NET INCOME 1,806 15,490 (1)
Retained Earnings - beginning of year 1,522 19,341
Deduct - Dividend on Common Stock and Other (4,107)
------------------------------------------------------
Retained Earnings - end of year $3,328 $30,724 ($1)
======================================================
</TABLE>
<PAGE 300>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Western
Viejo Vista Sierra
Energy Energy Energy
Company Company Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $1,577 $25,655
-----------------------------------------------------
Total operating revenue 1,577 25,655
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,225 1,298
Maintenance
Depreciation and decommissioning 65 37
Income taxes 111 $317 9,350
Property and other taxes
------------------------------------------------------
Total operating expenses 1,401 317 10,685
------------------------------------------------------
Operating income 176 (317) 14,970
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 221 1,040
Minority interest
Taxes on nonoperating income 1,247 (402)
Other nonoperating income - net (3,449)
------------------------------------------------------
Total other income (deductions) - net (1,981) 638
------------------------------------------------------
Income before interest and
other expenses 176 (2,298) 15,608
------------------------------------------------------
Interest on long-term debt 979
Other interest expense 114
Allowance for borrowed funds used during
construction
Capitalized interest
Dividend on subsidiary preferred securities
------------------------------------------------------
Total interest and other expenses - net 114 979
------------------------------------------------------
NET INCOME 176 (2,412) 14,629
Retained Earnings - beginning of year (57) 526 2,065
Deduct - Dividend on Common Stock and Other (1) (1)
------------------------------------------------------
Retained Earnings - end of year $119 ($1,887) $16,693
======================================================
</TABLE>
<PAGE 301>
<PAGE>
Edison Mission Energy and Subsidiaries
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(in thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Consolidating Energy
Energy Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $650,838
Diversified operations $9,013 ($26,163) 192,780
-----------------------------------------------------
Total operating revenue 9,013 (26,163) 843,618
-----------------------------------------------------
Fuel 137,151
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 45,674 18,227 248,928
Maintenance
Depreciation and decommissioning 4,931 89,853
Income taxes (9,458) 17,714 66,303
Property and other taxes 97 (17,512) 542
------------------------------------------------------
Total operating expenses 41,244 18,429 542,777
------------------------------------------------------
Operating income (32,231) (41,592) 300,841
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 38,168 (55,110) 19,715
Minority interest 16,885 (69,547)
Taxes on nonoperating income (17,857) 11,560 (15,742)
Other nonoperating income - net 7,977 22,392 21,037
------------------------------------------------------
Total other income (deductions) - net 28,288 (4,273) (44,537)
------------------------------------------------------
Income before interest and
other expenses (3,943) (45,865) 256,304
------------------------------------------------------
Interest on long-term debt 49,503 (54,185) 207,117
Other interest expense 11 114
Allowance for borrowed funds used during
construction
Capitalized interest (14,537) (56,092)
Dividend on subsidiary preferred securities (1,071) 13,100
------------------------------------------------------
Total interest and other expenses - net 33,895 (54,174) 164,239
------------------------------------------------------
NET INCOME (37,838) 8,309 92,065
Retained Earnings - beginning of year 318,101 (94,526) 320,529
Deduct - Dividend on Common Stock and Other (24,089) (351,213) (150,000)
------------------------------------------------------
Retained Earnings - end of year $256,174 ($437,430) $262,594
======================================================
</TABLE>
<PAGE 302>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Bergen
Aguila Anacapa Arrowhead Balboa Point
Energy Energy Energy Energy Energy
Company Company Company Company Company
==============================================================================
Name of Entity: American Salinas River Crown Smithtown TEVCO/
Bituminous Cogeneration Energy, Cogeneration, Mission
Power Company L.P. L.P. Bayonne
Partners, Partnership
L.P.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 49.5% 50% 50% 50% 50%
Nature/Purpose of Business: (a) (b) (c) (d) (e)
Ownership Interest in (000):
Assets $83,096 $21,863 $2,488 $830
Revenue $12,645 $7,758 $106
Net Income (Loss) ($2,350) $1,396 $106
(a) To own an 80 MW cogeneration facility located in Grant Town, West Virginia.
(b) To own and operate the 38 MW cogeneration facility located in Monterey County, California.
(c) To own and operate power production facilities.
(d) To own and operate power production facilities.
(e) To own a limited partnership interest in the Cogen Technologies NJ Venture.
</TABLE>
<PAGE 303>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Bretton
Blue Ridge Woods Camino Capistrano Centerport
Energy Energy Energy Cogeneration Energy
Company Company Company Company Company
==============================================================================
Name of Entity: Bretton Woods Bretton Woods Watson James River Riverhead
Cogeneration, Cogeneration, Cogeneration Cogeneration Cogeneration
L.P. L.P. Company Company I, L.P.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 49% 50% 50%
Nature/Purpose of Business: (f) (g) (h) (i) (j)
Ownership Interest in (000):
Assets $359 $359 $131,177 $42,946 $244
Revenue $93,495 $24,832
Net Income (Loss) $32,020 $5,781
(f) To own and operate power production facilities.
(g) To own and operate power production facilities.
(h) To own and operate the 385 MW cogeneration facility at ARCO's Los Angeles Refinery in Carson, California.
(I) To own and operate the 110 MW cogeneration facility located in Hopewell, Chester County, Virginia.
(j) To own and operate power production facilities.
</TABLE>
<PAGE 304>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Chesapeake Crescent
Bay Chickahominy Clayville Coronado Valley
Energy River Energy Energy Energy Energy
Company Corp. Company Company Company
==============================================================================
Name of Entity: Delaware Commonwealth Oconee Oconee Beowawe
Clean Atlantic Energy, Energy, Geothermal
Energy L.P. L.P. L.P. Power
Project Company
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 50% 50% 50%
Nature/Purpose of Business: (k) (l) (m) (n) (o)
Ownership Interest in (000):
Assets $62,845 ($175)
Revenue $11,970 $5,680
Net Income (Loss) $2,092 ($7,716)
(k) To own and operate power production facilities.
(l) To own a 340 MW power production facility located in Chesapeake, VA.
(m) To own and operate power production facilities.
(n) To own and operate power production facilities.
(o) To own and operate the 15 MW geothermal facility at the Beowawe Known Geothermal Resource
Area of Eureka and Lander County, Nevada.
</TABLE>
<PAGE 305>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Eastern
Del Mar Devereaux Sierra El Dorado
Energy Energy Energy Energy EMP,
Company Company Company Company Inc.
==============================================================================
Name of Entity: Mid-Set Auburndale Saguaro Auburndale GEO East Mesa
Cogeneration Power Power Power Limited
Company Partners, L.P. Company, L.P. Partners, L.P Partnership
(1)
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 49% 50% 1% 50%
Nature/Purpose of Business: (p) (q) (r) (s) (t)
Ownership Interest in (000):
Assets $14,069 $83,419 $56,877 $1,702 $41,991
Revenue $8,722 $23,202 $24,192 $474 $23,793
Net Income (Loss) $1,716 ($3,291) $3,508 ($67) $2,906
(p) To own and operate the 38 MW cogeneration facility located in Kern County, California.
(q) To own and operate a 150 MW power production facility located in Florida.
(r) To own and operate the 90 MW cogeneration facility located in Henderson, Nevada.
(s) To own and operate a 150 MW power production facility located in Florida.
(t) To own and operate geothermal facilities (40 MW) located near Holtville in Imperial Valley, California.
</TABLE>
PAGE 306
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
(1)
GEO
East Mesa Holtsville Indian Bay Kingspark Lakeview
Limited Energy Energy Energy Energy
Partnership Company Company Company Company
==============================================================================
Name of Entity: GEO Brookhaven Riverhead Smithtown Georgia
East Mesa Cogeneration, Cogeneration Cogeneration, Peaker,
Electric L.P. III, L.P. L.P. L.P.
Co.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 100% 50% 50% 50% 50%
Nature/Purpose of Business: (u) (v) (w) (x) (y)
Ownership Interest in (000):
Assets $3,144 $1,294 $216 $2,488
Revenue $100
Net Income (Loss) $372
(u) To own and operate a 13 MW geothermal facility located near Holtville in Imperial Valley, California.
(v) To own and operate power production facilities.
(w) To own and operate power production facilities.
(x) To own and operate power production facilities.
(y) To own and operate power production facilities.
</TABLE>
<PAGE 307>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Lehigh Mission/ Mission
River Madera Madison Eagle Energy
Energy Energy Energy Energy Canada
Company Company Company Company Corporation
==============================================================================
Name of Entity: TEVCO/ Brookhaven Gordonsville Crown B.C
Mission Cogeneration, Energy, Energy, Star
Assets L.P. L.P. L.P. Partners
Partnership
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 49% 2% 50%
Nature/Purpose of Business: (z) (aa) (ab) (ac) (ad)
Ownership Interest in (000):
Assets $1,294 $109,150 $47,699
Revenue $19,386 $14,322
Net Income (Loss) $1,964 ($3,855)
(z) To own limited partnership interests in power production facilities located in Maine and Pennsylvania.
(aa) To own and operate power production facilities.
(ab) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia.
(ac) To own and operate power production facilities.
(ad) To hold, acquire and operate oil, gas and mineral producing properties and leases and facilities.
</TABLE>
<PAGE 308>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Mission Mission Mission Mission Northern
Energy Energy Energy Triple Cycle Sierra
Canada Oil and Gas New York, Systems Energy
Corp. Company Inc. Company Company
==============================================================================
Name of Entity: The Mission Four Star Brooklyn Triple Cycle Sobel
Interface Oil & Gas Navy Yard Partnership Cogeneration
Partnership Company Cogeneration Company
Partners, L.P.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 46.85% 50% 50% 50%
Nature/Purpose of Business: (ae) (af) (ag) (ah) (ai)
Ownership Interest in (000):
Assets $295 $272,526 $230,078
Revenue $76 $118,676
Net Income (Loss) $48 $30,014 $251
(ae) To own and operate power production facilities.
(af) To own an interest in the common stock of a domestic oil and gas exploration and production company.
(ag) To own and operate the 286 MW power production facility located near the Brooklyn Bridge in Brooklyn, New
York.
(ah) To own 25% interest in a partnership that has rights to a proprietary technology.
(ai) Currently is inactive.
</TABLE>
PAGE 309
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Pleasant Prince Prince
Panther Paradise Valley George George
Timber Energy Energy Energy Energy
Company Company Company Company Company
==============================================================================
Name of Entity: American Vista American Hopewell Hopewell
Kiln Energy Bituminous Cogeneration Cogeneration,
Partners, L.P. Power Limited Inc.
L.P. Partners, L.P. Partnership (2)
<S> <C> <C> <C> <C> <C>
Ownership Interest: 2% 50% 0.5% 24.75% 25%
Nature/Purpose of Business: (aj) (ak) (al) (am) (an)
Ownership Interest in (000):
Assets $839 $43,565 $440
Revenue $128 $13,706 $138
Net Income (Loss) ($24) $4,225 $43
(aj) Currently is inactive.
(ak) To own and operate power production facilities.
(al) To own and operate the 80 MW cogeneration facility located in Grant Town, West Virginia.
(am) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia.
(an) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia.
</TABLE>
<PAGE 310>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
(2) Quartz
Hopewell Peak Rapidan Reeves Bay Ridgecrest
Cogeneration, Energy Energy Energy Energy
Inc. Company Company Company Company
==============================================================================
Name of Entity: Hopewell Nevada Gordonsville North Shore Riverhead
Cogeneration Sun-Peak Energy, Energy, L.P. Cogeneration
Limited L.P. L.P. I, L.P.
Partnership
<S> <C> <C> <C> <C> <C>
Ownership Interest: 1% 50% 1% 50% 50%
Nature/Purpose of Business: (ao) (ap) (aq) (ar) (as)
Ownership Interest in (000):
Assets $1,760 $32,472 $2,228 $244
Revenue $554 $6,716 $396
Net Income (Loss) $171 $2,052 $40
(ao) To own and operate a 356 MW cogeneration facility located in Chester County, Virginia.
(ap) To own 50% of the 210 MW independent power production plant located near Las Vegas, Nevada.
(aq) To own and operate a 240 MW cogeneration facility located in Gordonsville, Virginia.
(ar) To own and operate power production facilities.
(as) To own and operate power production facilities.
</TABLE>
PAGE 311
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Riverport San Joaquin San Juan San Pedro Santa Ana
Energy Energy Energy Energy Energy
Company Company Company Company Company
==============================================================================
Name of Entity: Riverhead Midway-Sunset March Point Riverhead Riverhead
Cogeneration Cogeneration Cogeneration Cogeneration Cogeneration
II, L.P. Company, Company II, L.P. III, L.P.
L.P.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 50% 50% 50%
Nature/Purpose of Business: (at) (au) (av) (aw) (ax)
Ownership Interest in (000):
Assets $316 $62,483 $68,686 $316 $216
Revenue $49,129 $38,349
Net Income (Loss) $12,137 $8,990
(at) To own and operate power production facilities.
(au) To own and operate the 225 MW cogeneration facility located near Taft in Kern County, California.
(av) To own and operate the 140 MW cogeneration facility located in Anacortes, Washington.
(aw) To own and operate power production facilities.
(ax) To own and operate power production facilities.
</TABLE>
<PAGE 312>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Silver
Santa Clara Silverado Springs Sonoma South Coast
Energy Energy Energy Geothermal Energy
Company Company Company Company Company
==============================================================================
Name of Entity: North Shore Coalinga Georgia Geothermal Harbor
Energy, L.P. Cogeneration Peaker, Energy Cogeneration
Company L.P. Partners, Company
Ltd.
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 50% 5% 30%
Nature/Purpose of Business: (ay) (az) (ba) (bb) (bc)
Ownership Interest in (000):
Assets $19,912 $3,462 $15,393
Revenue $9,729 $1,115 $14,274
Net Income (Loss) $2,232 $318 $4,794
(ay) To own and operate power production facilities.
(az) To own and operate the 38 MW cogeneration facility located in Fresno County, California.
(ba) To own and operate power production facilities.
(bb) To own and operate the 20 MW geothermal facility located in Cloverdale, California.
(bc) To own and operate the 80 MW cogeneration facility at the Wilmington Oil Field located in Los Angeles,
California.
</TABLE>
<PAGE 313>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Southern Southern
Sierra Sierra Thorofare Viejo Vista
Energy Gas Energy Energy Energy
Company Company Company Company Company
==============================================================================
Name of Entity: Kern River TM Star Crown Sargent Vista
Cogeneration Fuel Energy, Canyon Energy, L.P
Company Company L.P. Cogeneration
Company
<S> <C> <C> <C> <C> <C>
Ownership Interest: 50% 50% 48% 50% 50%
Nature/Purpose of Business: (bd) (be) (bf) (bg) (bh)
Ownership Interest in (000):
Assets $67,171 $1,225 $21,568
Revenue $75,578 $9,695 $7,886
Net Income (Loss) $27,337 $1,414 $1,514
(bd) To own and operate the 300 MW Kern River ("Omar Hill") cogeneration facility at Texaco's Kern River Oil
Field located near Bakersfield, California.
(be) To own an 50% interest in a domestic oil and gas exploration and production company.
(bf) To own and operate power production facilities.
(bg) To own and operate the 38 MW cogeneration facility located in Monterey County, California.
(bh) To own and operate power production facilities.
</TABLE>
<PAGE 314>
<PAGE>
Edison Mission Energy and Subsidiaries
Equity Investments
December 31, 1996
<TABLE>
<CAPTION>
Western
Sierra Edison
Energy Mission
Company Energy
==============================================================================
Name of Entity: Sycamore N/A
Cogeneration
Company
<S> <C> <C>
Ownership Interest: 50% N/A
Nature/Purpose of Business: (bi) (bj)
Ownership Interest in (000):
Assets $92,121 $4,749
Revenue $77,901
Net Income (Loss) $25,509
(bi) To own and operate the 300 MW cogeneration facility located at Texaco's Kern River Oil Field near
Bakersfield, California.
(bj) Represents goodwill resulting from the acquisition of an entity having a partnership interest as its sole
asset. The goodwill is being amortized over a twenty-seven year period.
N/A Not Applicable
</TABLE>
<PAGE 315>
<PAGE>
Hanover Energy Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Chicahominy Hanover
River Energy Consolidating
Energy Corp. Company Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
----------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $10,732 $6,146 ($6,146)
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 10,732 6,146 (6,146)
----------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 58
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
----------------------------------------------------
Total current assets 58
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
----------------------------------------------------
Total deferred charges
----------------------------------------------------
TOTAL ASSETS $10,790 $6,146 ($6,146)
====================================================
</TABLE>
PAGE 316
<PAGE>
Hanover Energy Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hanover
Energy
Company
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
----------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $10,732
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 10,732
----------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 58
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
----------------------------------------------------
Total current assets 58
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
----------------------------------------------------
Total deferred charges
----------------------------------------------------
TOTAL ASSETS $10,790
====================================================
</TABLE>
<PAGE 317>
<PAGE>
Hanover Energy Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Chickahominy Hanover
River Energy Consolidating
Energy Corp. Company Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $6,164 $5,462 ($5,462)
Retained earnings (18) 683 (683)
-----------------------------------------------------
6,146 6,145 (6,145)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
-----------------------------------------------------
Total capitalization 6,146 6,145 (6,145)
-----------------------------------------------------
Other long-term liabilities
-----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 464 1 (1)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
-----------------------------------------------------
Total current liabilities 464 1 (1)
-----------------------------------------------------
Accumulated deferred income taxes - net 4,180
Accumulated deferred investment tax credits
Customer advances and other deferred credits
-----------------------------------------------------
Total deferred credits 4,180
-----------------------------------------------------
Minority interest
-----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $10,790 $6,146 ($6,146)
=====================================================
</TABLE>
<PAGE 318>
<PAGE>
Hanover Energy Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hanover
Energy
Company
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $6,164
Retained earnings (18)
-----------------------------------------------------
6,146
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
-----------------------------------------------------
Total capitalization 6,146
-----------------------------------------------------
Other long-term liabilities
-----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 464
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
-----------------------------------------------------
Total current liabilities 464
-----------------------------------------------------
Accumulated deferred income taxes - net 4,180
Accumulated deferred investment tax credits
Customer advances and other deferred credits
-----------------------------------------------------
Total deferred credits 4,180
-----------------------------------------------------
Minority interest
-----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $10,790
=====================================================
</TABLE>
PAGE 319
<PAGE>
Hanover Energy Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Chickahominy Hanover
River Energy Consolidating
Energy Corp. Company Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $2,189
-----------------------------------------------------
Total operating revenue 2,189
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,210
Maintenance
Depreciation and decommissioning 126
Income taxes 216 $1 ($1)
Property and other taxes
-----------------------------------------------------
Total operating expenses 1,552 1 (1)
-----------------------------------------------------
Operating income 637 (1) 1
-----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (4)
Other nonoperating income - net 9
-----------------------------------------------------
Total other income (deductions) - net 5
-----------------------------------------------------
Income before interest and other expenses 642 (1) 1
-----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred securities
-----------------------------------------------------
Total interest and other expenses - net
-----------------------------------------------------
NET INCOME 642 (1) 1
Retained Earnings - beginning of year (660) 42 (42)
Dividends declared on common stock 642 (642)
-----------------------------------------------------
Retained Earnings - end of year ($18) $683 ($683)
=====================================================
</TABLE>
<PAGE 320>
<PAGE>
Hanover Energy Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hanover
Energy
Company
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue
Diversified operations $2,189
-----------------------------------------------------
Total operating revenue 2,189
-----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,210
Maintenance
Depreciation and decommissioning 126
Income taxes 216
Property and other taxes
-----------------------------------------------------
Total operating expenses 1,552
-----------------------------------------------------
Operating income 637
-----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income (4)
Other nonoperating income - net 9
-----------------------------------------------------
Total other income (deductions) - net 5
-----------------------------------------------------
Income before interest and other expenses 642
-----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred securities
-----------------------------------------------------
Total interest and other expenses - net
-----------------------------------------------------
NET INCOME 642
Retained Earnings - beginning of year (660)
Dividends declared on common stock
-----------------------------------------------------
Retained Earnings - end of year ($18)
=====================================================
</TABLE>
<PAGE 321>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy
Oil and Gas Petroleum Mission Energy
Company Company Fuel Company
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $86,760 $126,173
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 86,760 126,173
------------------------------------------------------
Cash and equivalents 11
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 11
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $86,771 $126,173
======================================================
</TABLE>
<PAGE 322>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Pocono Sierra
Fuels Gas
Company Company
============================================================================================================
ASSETS (Inactive)
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $201
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 201
------------------------------------------------------
Cash and equivalents
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $201
======================================================
</TABLE>
<PAGE 323>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Energy
Consolidating Fuel Company
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
------------------------------------------------------
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($126,173) $86,961
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments (126,173) 86,961
------------------------------------------------------
Cash and equivalents 11
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Regulatory balancing accounts - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 11
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS ($126,173) $86,972
======================================================
</TABLE>
<PAGE 324>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy
Oil and Gas Petroleum Mission Energy
Company Company Fuel Company
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $89,975 $95,467
Retained earnings 2,158 ($4) 32,155
------------------------------------------------------
92,133 (4) 127,622
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 92,133 (4) 127,622
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (2,976) (1) (3,740)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 1,234
------------------------------------------------------
Total current liabilities (1,742) (1) (3,740)
------------------------------------------------------
Accumulated deferred income taxes - net (3,620) 5 2,291
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (3,620) 5 2,291
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $86,771 $126,173
======================================================
</TABLE>
<PAGE 325>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Pocono Sierra
Fuels Gas
Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive)
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $1,637
Retained earnings 542 $1,166
------------------------------------------------------
2,179 1,166
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization 2,179 1,166
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (2,742) (955)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (2,742) (955)
------------------------------------------------------
Accumulated deferred income taxes - net 563 (10)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 563 (10)
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $201
======================================================
</TABLE>
<PAGE 326>
<PAGE>
Mission Energy Fuel Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Energy
Consolidating Fuel Company
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital ($95,467) $91,612
Retained earnings (32,155) 3,862
------------------------------------------------------
(127,622) 95,474
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Preferred Stock of Limited Partnership
Long-term debt
------------------------------------------------------
Total capitalization (127,622) 95,474
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 3,740 (6,674)
Accrued taxes
Accrued interest
Dividends payable
Accumulated deferred income taxes - net
Deferred unbilled revenue and other 1,234
------------------------------------------------------
Total current liabilities 3,740 (5,440)
------------------------------------------------------
Accumulated deferred income taxes - net (2,291) (3,062)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits (2,291) (3,062)
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES ($126,173) $86,972
======================================================
</TABLE>
<PAGE 327>
<PAGE>
Mission Energy Fuel Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission
Energy Energy
Oil and Gas Petroleum Mission Energy
Company Company Fuel Company
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $28,126
------------------------------------------------------
Total operating revenue 28,126
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,392
Maintenance
Depreciation and decommissioning 7,622
Income taxes 3,803 $1 $259
Property and other taxes
------------------------------------------------------
Total operating expenses 12,817 1 $259
------------------------------------------------------
Operating income 15,309 (1) (259)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and other expenses 15,309 (1) (259)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 15,309 (1) (259)
Retained Earnings - beginning of year 1,988 (4) 32,414
Dividends declared on common stock (15,139) 1
-----------------------------------------------------
Retained Earnings - end of year $2,158 ($4) $32,155
======================================================
</TABLE>
<PAGE 328>
<PAGE>
Mission Energy Fuel Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Southern
Pocono Sierra
Fuels Gas
Company Company
============================================================================================================
(Inactive)
<S> <C> <C>
Electric utility revenue
Diversified operations $1,414
------------------------------------------------------
Total operating revenue 1,414
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 1,210
Maintenance
Depreciation and decommissioning
Income taxes $2 43
Property and other taxes
------------------------------------------------------
Total operating expenses 2 1,253
------------------------------------------------------
Operating income (2) 161
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 5
Minority interest
Taxes on nonoperatiang income (2)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 3
------------------------------------------------------
Income before interest and other expenses 1 161
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 1 161
Retained Earnings - beginning of year 541 1,005
Dividends declared on common stock
-----------------------------------------------------
Retained Earnings - end of year $542 $1,166
======================================================
</TABLE>
<PAGE 329>
<PAGE>
Mission Energy Fuel Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Energy
Consolidating Fuel Company
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue
Diversified operations $29,540
------------------------------------------------------
Total operating revenue 29,540
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 2,602
Maintenance
Depreciation and decommissioning 7,622
Income taxes 4,108
Property and other taxes
------------------------------------------------------
Total operating expenses 14,332
------------------------------------------------------
Operating income 15,208
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 5
Minority interest
Taxes on nonoperating income (2)
Other nonoperating income - net
------------------------------------------------------
Total other income (deductions) - net 3
------------------------------------------------------
Income before interest and other expenses 15,211
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 15,211
Retained Earnings - beginning of year 873 36,817
Dividends declared on common stock (33,028) (48,166)
-----------------------------------------------------
Retained Earnings - end of year ($32,155) $3,862
======================================================
</TABLE>
<PAGE 330>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison Edison
Mission Mission Mission
Energy Energy Energy
Asia Asia Holdings
Company Pte Ltd Pty. Ltd.
Consolidated Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $1,240 $471
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868 (2)
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 15,868 1,240 469
-----------------------------------------------------
Cash and equivalents 18 2,492 2,201
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47 1,117 294
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 527 20
-----------------------------------------------------
Total current assets 65 4,136 2,515
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 4 645 628
-----------------------------------------------------
Total deferred charges 4 645 628
-----------------------------------------------------
TOTAL ASSETS $15,937 $6,021 $3,612
=====================================================
</TABLE>
<PAGE 331>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Iberian
Mission Hydro Hy-Power
Energy Energy Amsterdam
International B.V. B.V.
B.V. Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $67,825 $146,713
Nuclear decommissioning trusts
Investments in partnerships 26,936
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 94,761 146,713
-----------------------------------------------------
Cash and equivalents $23 9,697 9,878
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 5,757 6,273
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 475 485
-----------------------------------------------------
Total current assets 23 15,929 16,636
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 4 70,229 10,196
-----------------------------------------------------
Total deferred charges 4 70,229 10,196
-----------------------------------------------------
TOTAL ASSETS $27 $180,919 $173,545
=====================================================
</TABLE>
<PAGE 332>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Latrobe Loy Yang
Power Holdings MEC
Pty. Ltd. Pty. Ltd. Colombia
Consolidated Consolidated B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $1,632,098
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $6,065
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 1,632,098 6,065
-----------------------------------------------------
Cash and equivalents 42,978 24 $23
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 25,025
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 341
-----------------------------------------------------
Total current assets 68,344 24 23
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 44,498 2
-----------------------------------------------------
Total deferred charges 44,498 2
-----------------------------------------------------
TOTAL ASSETS $1,744,940 $6,089 $25
=====================================================
</TABLE>
<PAGE 333>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $79 $6
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 79 6
-----------------------------------------------------
Cash and equivalents 13 $24
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
-----------------------------------------------------
Total current assets 13 24
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 54 2 5
-----------------------------------------------------
Total deferred charges 54 2 5
-----------------------------------------------------
TOTAL ASSETS $133 $21 $29
=====================================================
</TABLE>
<PAGE 334> <PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC International
Indo MEC Holdings
Coal Indonesia B.V.
B.V. B.V. Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $19,552 $84,057 $4,146
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 19,552 84,057 4,146
-----------------------------------------------------
Cash and equivalents 994 153 27
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
-----------------------------------------------------
Total current assets 994 153 27
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 139 682 1
-----------------------------------------------------
Total deferred charges 139 682 1
-----------------------------------------------------
TOTAL ASSETS $20,685 $84,892 $4,174
=====================================================
</TABLE>
<PAGE 335> <PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Laguna MEC MEC
Power Perth Priolo
B.V. B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $16 $15,293
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 16 15,293
-----------------------------------------------------
Cash and equivalents $23 3,083
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 307
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
-----------------------------------------------------
Total current assets 23 3,390
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 2 10 133
-----------------------------------------------------
Total deferred charges 2 10 133
-----------------------------------------------------
TOTAL ASSETS $18 $33 $18,816
=====================================================
</TABLE>
<PAGE 336>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC
San MEC Wales
Pascual Turkey B.V.
B.V. B.V. Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $1,150,426
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 1,150,426
-----------------------------------------------------
Cash and equivalents $23 124,478
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 34,006
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 4,160
-----------------------------------------------------
Total current assets 23 162,644
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges $2 2 336,766
-----------------------------------------------------
Total deferred charges 2 2 336,766
-----------------------------------------------------
TOTAL ASSETS $2 $25 $1,649,836
=====================================================
</TABLE>
<PAGE 337>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Energy
Company Mission Pride
(UK) Energy Hold
Limited Italia Limited
Consolidated s.r.l. Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $190,393 $88 $164,090
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 26,129
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 216,522 88 164,090
-----------------------------------------------------
Cash and equivalents 41,800 215 34,970
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 1,648 100 1,241
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 705 26
-----------------------------------------------------
Total current assets 44,153 341 36,211
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 7,977 62 7,478
-----------------------------------------------------
Total deferred charges 7,977 62 7,478
-----------------------------------------------------
TOTAL ASSETS $268,652 $491 $207,779
=====================================================
</TABLE>
<PAGE 338>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Traralgon
Power MEC
Pty. Ltd. International Consolidating
Consolidated B.V. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $2,341 ($113,133)
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $126,107 744,766 (989,633)
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 126,107 747,107 (1,102,766)
-----------------------------------------------------
Cash and equivalents 38,679 (44,292)
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 52 (4,820)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets (337)
-----------------------------------------------------
Total current assets 38,731 (49,449)
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 809 (78,362)
-----------------------------------------------------
Total deferred charges 809 (78,362)
-----------------------------------------------------
TOTAL ASSETS $126,107 $786,647 ($1,230,577)
=====================================================
</TABLE>
PAGE 339
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
B.V.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
-----------------------------------------------------
Total utility plant
-----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $3,242,552
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 79,385
Investments in leveraged leases
Other investments
-----------------------------------------------------
Total other property and investments 3,321,937
-----------------------------------------------------
Cash and equivalents 267,524
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 71,047
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 6,402
-----------------------------------------------------
Total current assets 344,973
-----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 401,968
-----------------------------------------------------
Total deferred charges 401,968
-----------------------------------------------------
TOTAL ASSETS $4,068,878
=====================================================
</TABLE>
<PAGE 340>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison Edison
Mission Mission Mission
Energy Energy Energy
Asia Asia Holdings
Company Pte Ltd Pty. Ltd.
Consolidated Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $215
Additional Paid in Capital $14,693 1,485
Cumulative Translation Adjustments, Net (6) ($51)
Retained earnings 1,450 728 5,244
----------------------------------------------------
16,143 2,422 5,193
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 144
----------------------------------------------------
Total capitalization 16,143 2,566 5,193
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt 60
Short-term debt
Accounts payable (742) 2,915 (2,096)
Accrued taxes 536 429
Accrued interest 96
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities (206) 3,440 (2,036)
----------------------------------------------------
Accumulated deferred income taxes - net (158)
Accumulated deferred investment tax credits
Customer advances and other deferred credits 613
----------------------------------------------------
Total deferred credits 455
----------------------------------------------------
Minority interest 15
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,937 $6,021 $3,612
====================================================
</TABLE>
<PAGE 341>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Iberian
Mission Hydro Hy-Power
Energy Energy Amsterdam
International B.V. B.V.
B.V. Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $25
Additional Paid in Capital $8,438
Cumulative Translation Adjustments, Net 824 (1,328)
Retained earnings (8) 8,161 3,541
----------------------------------------------------
17 9,010 10,651
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 150,662 136,166
----------------------------------------------------
Total capitalization 17 159,672 146,817
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt 10,935 11,981
Short-term debt
Accounts payable 13 1,641 3,139
Accrued taxes (3) 787 982
Accrued interest 1,438 1,544
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 10 14,801 17,646
----------------------------------------------------
Accumulated deferred income taxes - net 1,882
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438 7,192
----------------------------------------------------
Total deferred credits 6,438 9,074
----------------------------------------------------
Minority interest 8 8
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $27 $180,919 $173,545
====================================================
</TABLE>
PAGE 342
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Latrobe Loy Yang
Power Holdings MEC
Pty. Ltd. Pty. Ltd. Colombia
Consolidated Consolidated B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25
Additional Paid in Capital
Cumulative Translation Adjustments, Net $7,322 $361
Retained earnings 17,835 3,827 (8)
----------------------------------------------------
25,157 4,188 17
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 856,941 2,318
----------------------------------------------------
Total capitalization 882,098 6,506 17
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt 8,936
Short-term debt
Accounts payable 7,443 (670) 11
Accrued taxes (3)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 16,379 (670) 8
----------------------------------------------------
Accumulated deferred income taxes - net 5,009 253
Accumulated deferred investment tax credits
Customer advances and other deferred credits 213
----------------------------------------------------
Total deferred credits 5,222 253
----------------------------------------------------
Minority interest 841,241
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,744,940 $6,089 $25
====================================================
</TABLE>
<PAGE 343>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $30 $25 $23
Additional Paid in Capital 152
Cumulative Translation Adjustments, Net
Retained earnings (11) (9) (9)
----------------------------------------------------
171 16 14
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization 171 16 14
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable (33) 9 20
Accrued taxes (5) (4) (5)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities (38) 5 15
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $133 $21 $29
====================================================
</TABLE>
<PAGE 344>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC International
Indo MEC Holdings
Coal Indonesia B.V.
B.V. B.V. Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $22 $21
Additional Paid in Capital 18,423 84,783 4,155
Cumulative Translation Adjustments, Net
Retained earnings 1,395 (50) (18)
----------------------------------------------------
19,843 84,755 4,158
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization 19,843 84,755 4,158
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 13 167 26
Accrued taxes (199) (18) (10)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities (186) 149 16
----------------------------------------------------
Accumulated deferred income taxes - net 1,028 (12)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits 1,028 (12)
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $20,685 $84,892 $4,174
====================================================
</TABLE>
PAGE 345
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Laguna MEC MEC
Power Perth Priolo
B.V. B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $22 $23 $22
Additional Paid in Capital 17,928
Cumulative Translation Adjustments, Net 187
Retained earnings (8) (7) (21)
----------------------------------------------------
14 16 18,116
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization 14 16 18,116
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 21 539
Accrued taxes 9 (4) 161
Accrued interest (5)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 4 17 700
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $18 $33 $18,816
====================================================
</TABLE>
<PAGE 346>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC
San MEC Wales
Pascual Turkey B.V.
B.V. B.V. Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $23 $25 $276,724
Additional Paid in Capital
Cumulative Translation Adjustments, Net 51,135
Retained earnings (9) (8) 47,839
----------------------------------------------------
14 17 375,698
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 684,920
----------------------------------------------------
Total capitalization 14 17 1,060,618
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (7) 11 104,977
Accrued taxes (5) (3) 31,018
Accrued interest 25,841
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities (12) 8 161,836
----------------------------------------------------
Accumulated deferred income taxes - net 335,701
Accumulated deferred investment tax credits
Customer advances and other deferred credits 30,814
----------------------------------------------------
Total deferred credits 366,515
----------------------------------------------------
Minority interest 60,867
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2 $25 $1,649,836
====================================================
</TABLE>
<PAGE 347>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Energy
Company Mission Pride
(UK) Energy Hold
Limited Italia Limited
Consolidated s.r.l. Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $22,751 $2
Additional Paid in Capital 11,620 $13 153
Cumulative Translation Adjustments, Net 8,028 (4) 899
Retained earnings 11,529 48 17,409
----------------------------------------------------
53,928 57 18,463
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 160,999 133,821
----------------------------------------------------
Total capitalization 214,927 57 152,284
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 21,683 28,464
Short-term debt
Accounts payable 7,208 337 6,518
Accrued taxes 192 80 67
Accrued interest 5,806 17 5,806
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 34,889 434 40,855
----------------------------------------------------
Accumulated deferred income taxes - net 14,640 14,640
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits 14,640 14,640
----------------------------------------------------
Minority interest 4,196
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $268,652 $491 $207,779
====================================================
</TABLE>
<PAGE 348>
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Traralgon
Power MEC
Pty. Ltd International Consolidating
Consolidated B.V. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock $22,861 ($300,029)
Additional Paid In Capital 755,536 (161,843)
Cumulative Translation Adjustments, Net $274 (144) (3,582)
Retained earnings 8,906 3,084 (19,192)
----------------------------------------------------
9,180 781,337 (484,616)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 114,179 (457,912)
----------------------------------------------------
Total capitalization 123,359 781,337 (942,528)
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 7,658 (37,276)
Short-term debt
Accounts payable (3,665) (94,797)
Accrued taxes 1,585 (800)
Accrued interest (7,334)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other 3,067
----------------------------------------------------
Total current liabilities 5,578 (137,140)
----------------------------------------------------
Accumulated deferred income taxes - net (268) (3,760)
Accumulated deferred investment tax credits
Customer advances and other deferred credits 2,748 (8,969)
----------------------------------------------------
Total deferred credits 2,748 (268) (12,729)
----------------------------------------------------
Minority interest (138,180)
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $126,107 $786,647 ($1,230,577)
====================================================
</TABLE>
PAGE 349
<PAGE>
MEC International B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
B.V.
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock $22,860
Additional Paid In Capital 755,536
Cumulative Translation Adjustments, Net 63,945
Retained earnings 111,638
----------------------------------------------------
953,979
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 1,782,238
----------------------------------------------------
Total capitalization 2,736,217
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 52,441
Short-term debt
Accounts payable 32,998
Accrued taxes 34,787
Accrued interest 33,209
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other 3,067
----------------------------------------------------
Total current liabilities 156,502
----------------------------------------------------
Accumulated deferred income taxes - net 368,955
Accumulated deferred investment tax credits
Customer advances and other deferred credits 39,049
----------------------------------------------------
Total deferred credits 408,004
----------------------------------------------------
Minority interest 768,155
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,068,878
====================================================
</TABLE>
<PAGE 350>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison Edison
Mission Mission Mission
Energy Energy Energy
Asia Asia Holdings
Company Pte Ltd Pty. Ltd.
Consolidated Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $1,610 $10,776 $68,823
----------------------------------------------------
Total operating revenue 1,610 10,776 68,823
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 689 9,455 63,336
Maintenance
Depreciation and decommissioning 2 318 158
Income taxes 220 387 181
Property and other taxes
----------------------------------------------------
Total operating expenses 911 10,160 63,675
----------------------------------------------------
Operating income 699 616 5,148
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878 147 91
Minority Interest (2)
Taxes on nonoperating income (237) (40) (33)
Other - net (8)
----------------------------------------------------
Total other income (deductions) - net 641 99 56
----------------------------------------------------
Income before interest and other expenses 1,340 715 5,204
----------------------------------------------------
Interest on long-term debt
Other interest expense 105 3 12
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 105 3 12
----------------------------------------------------
NET INCOME 1,235 712 5,192
Retained Earnings - beginning of year 215 16 52
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $1,450 $728 $5,244
====================================================
</TABLE>
<PAGE 351>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Iberian
Mission Hydro Hy-Power
Energy Energy Amsterdam
International B.V. B.V.
B.V. Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $25,860 $28,124
Diversified operations 213
----------------------------------------------------
Total operating revenue 26,073 28,124
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $9 3,847 4,392
Maintenance
Depreciation and decommissioning 1 4,711 4,327
Income taxes (3) 1,100
Property and other taxes 58 64
----------------------------------------------------
Total operating expenses 7 8,616 9,883
----------------------------------------------------
Operating income (7) 17,457 18,241
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,699 829
Minority Interest 1 15
Taxes on nonoperating income (595) (290)
Other - net (1) 115 763
----------------------------------------------------
Total other income (deductions) - net (1) 1,220 1,317
----------------------------------------------------
Income before interest and other expenses (8) 18,677 19,558
----------------------------------------------------
Interest on long-term debt
Other interest expense 13,517 15,877
Allowance for borrowed funds used during 124
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 13,641 15,877
----------------------------------------------------
NET INCOME (8) 5,036 3,681
Retained Earnings - beginning of year 3,125 (140)
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year ($8) $8,161 $3,541
====================================================
</TABLE>
PAGE 352
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Latrobe Loy Yang
Power Holdings MEC
Pty. Ltd. Pty. Ltd. Colombia
Consolidated Consolidated B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $231,993
Diversified operations ($504)
----------------------------------------------------
Total operating revenue 231,993 (504)
----------------------------------------------------
Fuel 40,695
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 29,784 $10
Maintenance
Depreciation and decommissioning 32,734
Income taxes (124) (29) (3)
Property and other taxes
----------------------------------------------------
Total operating expenses 103,089 (29) 7
----------------------------------------------------
Operating income 128,904 (475) (7)
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 714 1
Minority Interest
Taxes on nonoperating income (81,108)
Other - net (257) (1)
----------------------------------------------------
Total other income (deductions) - net (80,651) 1 (1)
----------------------------------------------------
Income before interest and other expenses 48,253 (474) (8)
----------------------------------------------------
Interest on long-term debt 36,016
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 36,016
----------------------------------------------------
NET INCOME 12,237 (474) (8)
Retained Earnings - beginning of year 5,598 4,301
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $17,835 $3,827 ($8)
====================================================
</TABLE>
<PAGE 353>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
----------------------------------------------------
Total operating revenue
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $5 $11 $6
Maintenance
Depreciation and decommissioning 1 1
Income taxes (2) (3) (3)
Property and other taxes
----------------------------------------------------
Total operating expenses 4 8 4
----------------------------------------------------
Operating income (4) (8) (4)
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1
Minority Interest
Taxes on nonoperating income
Other - net (1) (1)
----------------------------------------------------
Total other income (deductions) - net (1) (0)
----------------------------------------------------
Income before interest and other expenses (4) (9) (4)
----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net
----------------------------------------------------
NET INCOME (4) (9) (4)
Retained Earnings - beginning of year (7) (5)
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year ($11) ($9) ($9)
====================================================
</TABLE>
<PAGE 354>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC International
Indo MEC Holdings
Coal Indonesia B.V.
B.V. B.V. Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $3,025
----------------------------------------------------
Total operating revenue 3,025
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 12 $6 $9
Maintenance
Depreciation and decommissioning 620 118
Income taxes 895 (38) (3)
Property and other taxes
----------------------------------------------------
Total operating expenses 1,527 86 6
----------------------------------------------------
Operating income 1,498 (86) (6)
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 149 5
Minority Interest
Taxes on nonoperating income (52) (2)
Other - net (48) 1
----------------------------------------------------
Total other income (deductions) - net 49 4
----------------------------------------------------
Income before interest and other expenses 1,547 (82) (6)
----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net
----------------------------------------------------
NET INCOME 1,547 (82) (6)
Retained Earnings - beginning of year (152) 32 (12)
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $1,395 ($50) ($18)
====================================================
</TABLE>
PAGE 355
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Laguna MEC MEC
Power Perth Priolo
B.V. B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $468
----------------------------------------------------
Total operating revenue 468
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $4 659
Maintenance
Depreciation and decommissioning $2 32
Income taxes (2) (1) 36
Property and other taxes
----------------------------------------------------
Total operating expenses 2 1 727
----------------------------------------------------
Operating income (2) (1) (259)
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority Interest
Taxes on nonoperating income
Other - net 1 1 286
----------------------------------------------------
Total other income (deductions) - net 1 1 286
----------------------------------------------------
Income before interest and other expenses (1) 27
----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net
----------------------------------------------------
NET INCOME (1) 27
Retained Earnings - beginning of year (7) (7) (48)
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year ($8) ($7) $21
====================================================
</TABLE>
<PAGE 356>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC
San MEC Wales
Pascual Turkey B.V.
B.V. B.V. Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $298,548
Diversified operations
----------------------------------------------------
Total operating revenue 298,548
----------------------------------------------------
Fuel 54,625
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $5 $10 66,320
Maintenance
Depreciation and decommissioning 25,117
Income taxes (2) (3) 27,418
Property and other taxes 15,579
----------------------------------------------------
Total operating expenses 3 7 189,059
----------------------------------------------------
Operating income (3) (7) 109,489
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 4,434
Minority Interest (16,885)
Taxes on nonoperating income (1,463)
Other - net 1 (1) 65
----------------------------------------------------
Total other income (deductions) - net 1 (1) (13,849)
----------------------------------------------------
Income before interest and other expenses (2) (8) 95,640
----------------------------------------------------
Interest on long-term debt 55,863
Other interest expense 2
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 55,865
----------------------------------------------------
NET INCOME (2) (8) 39,775
Retained Earnings - beginning of year (7) 8,064
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year ($9) ($8) $47,839
====================================================
</TABLE>
<PAGE 357>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission
Energy
Company Mission Pride
(UK) Energy Hold
Limited Italia Limited
Consolidated s.r.l. Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $88,274 $88,274
Diversified operations 12,092 $1,801 289
----------------------------------------------------
Total operating revenue 100,366 1,801 88,563
----------------------------------------------------
Fuel 39,631 39,631
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 24,605 1,672 18,848
Maintenance
Depreciation and decommissioning 9,554 1 7,673
Income taxes 2,182 81 2,281
Property and other taxes 2,309 1,870
----------------------------------------------------
Total operating expenses 78,281 1,754 70,303
----------------------------------------------------
Operating income 22,085 47 18,260
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 2,075 1,955
Minority Interest (1,472)
Taxes on nonoperating income (685) (645)
Other - net 1,014 1,127
----------------------------------------------------
Total other income (deductions) - net 932 2,437
----------------------------------------------------
Income before interest and other expenses 23,017 47 20,697
----------------------------------------------------
Interest on long-term debt 16,730 15,966
Other interest expense (12)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 16,718 15,966
----------------------------------------------------
NET INCOME 6,299 47 4,731
Retained Earnings - beginning of year 5,230 1 12,678
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $11,529 $48 $17,409
====================================================
</TABLE>
<PAGE 358>
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Traralgon
Power MEC
Pty. Ltd. International Consolidating
Consolidated B.V. Adjustments
============================================================================================================
<S> <C> <C>
Electric utility revenue ($110,235)
Diversified operations $11,799 ($493) (82,842)
----------------------------------------------------
Total operating revenue 11,799 (493) (193,077)
----------------------------------------------------
Fuel (37,431)
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 42 (95,158)
Maintenance
Depreciation and decommissioning 1,132 (11,803)
Income taxes (260) 55 (914)
Property and other taxes (1,928)
----------------------------------------------------
Total operating expenses (260) 1,229 (147,234)
----------------------------------------------------
Operating income 12,059 (1,722) (45,843)
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 2,974 (6,141)
Minority Interest 13,019
Taxes on nonoperating income (1,041) 1,906
Other - net (92) (1,269)
----------------------------------------------------
Total other income (deductions) - net 1,841 7,515
----------------------------------------------------
Income before interest and other expenses 12,059 119 (38,328)
----------------------------------------------------
Interest on long-term debt 602 11,430
Other interest expense (245)
Allowance for borrowed funds used during
construction
Capitalized interest (41,555)
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 602 (30,370)
----------------------------------------------------
NET INCOME 12,059 (483) (7,958)
Retained Earnings - beginning of year (3,153) 3,567 (11,234)
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $8,906 $3,084 ($19,192)
====================================================
</TABLE>
PAGE 359
<PAGE>
MEC International B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
B.V..
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue $650,838
Diversified operations 27,057
----------------------------------------------------
Total operating revenue 677,895
----------------------------------------------------
Fuel 137,151
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 128,578
Maintenance
Depreciation and decommissioning 74,699
Income taxes 33,446
Property and other taxes 17,952
----------------------------------------------------
Total operating expenses 391,826
----------------------------------------------------
Operating income 286,069
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 9,811
Minority Interest (86,432)
Taxes on nonoperating income (3,434)
Other - net 1,952
----------------------------------------------------
Total other income (deductions) - net (78,103)
----------------------------------------------------
Income before interest and other expenses 207,966
----------------------------------------------------
Interest on long-term debt 166,001
Other interest expense (11)
Allowance for borrowed funds used during
construction
Capitalized interest (41,555)
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 124,435
----------------------------------------------------
NET INCOME 83,531
Retained Earnings - beginning of year 28,107
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $111,638
====================================================
</TABLE>
<PAGE 360>
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Mission Mission
China Ningbo Energy
Holdings Holdings Asia
Company Company Company
============================================================================================================
ASSETS (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 15,868
----------------------------------------------------
Cash and equivalents 18
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
----------------------------------------------------
Total current assets 65
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges $1 $1 2
----------------------------------------------------
Total deferred charges 1 1 2
----------------------------------------------------
TOTAL ASSETS $1 $1 $15,935
====================================================
</TABLE>
<PAGE 361>
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy
Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 15,868
----------------------------------------------------
Cash and equivalents 18
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
----------------------------------------------------
Total current assets 65
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 4
----------------------------------------------------
Total deferred charges 4
----------------------------------------------------
TOTAL ASSETS $15,937
====================================================
</TABLE>
PAGE 362
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Mission Mission
China Ningbo Energy
Holdings Holdings Asia
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $14,693
Cumulative Translation Adjustments, Net
Retained earnings ($4) ($4) 1,458
----------------------------------------------------
(4) (4) 16,151
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization (4) (4) 16,151
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 7 7 (756)
Accrued taxes (2) (2) 540
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 5 5 (216)
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1 $1 $15,935
====================================================
</TABLE>
PAGE 363
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy
Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $14,693
Retained earnings 1,450
----------------------------------------------------
16,143
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization 16,143
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable (742)
Accrued taxes 536
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities (206)
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,937
====================================================
</TABLE>
<PAGE 364>
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Mission Mission
China Ningbo Energy
Holdings Holdings Asia
Company Company Company
============================================================================================================
<S> <C> <C> <C>
(Inactive) (Inactive)
Electric utility revenue
Diversified operations $1,610
----------------------------------------------------
Total operating revenue 1,610
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $2 $2 685
Maintenance
Depreciation and decommissioning 1 1
Income taxes (1) (1) 222
Property and other taxes
----------------------------------------------------
Total operating expenses 2 2 907
----------------------------------------------------
Operating income (2) (2) 703
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878
Minority Interest
Taxes on nonoperating income (237)
Other - net
----------------------------------------------------
Total other income (deductions) - net 641
----------------------------------------------------
Income before interest and other expenses (2) (2) 1,344
----------------------------------------------------
Interest on long-term debt
Other interest expense 105
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 105
----------------------------------------------------
NET INCOME (2) (2) 1,239
Retained Earnings - beginning of year (2) (2) 219
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year ($4) ($4) $1,458
====================================================
</TABLE>
PAGE 365
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy
Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue
Diversified operations $1,610
----------------------------------------------------
Total operating revenue 1,610
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 689
Maintenance
Depreciation and decommissioning 2
Income taxes 220
Property and other taxes
----------------------------------------------------
Total operating expenses 911
----------------------------------------------------
Operating income 699
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878
Minority Interest
Taxes on nonoperating income (237)
Other - net
----------------------------------------------------
Total other income (deductions) - net 641
----------------------------------------------------
Income before interest and other expenses 1,340
----------------------------------------------------
Interest on long-term debt
Other interest expense 105
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 105
----------------------------------------------------
NET INCOME 1,235
Retained Earnings - beginning of year 215
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $1,450
====================================================
</TABLE>
<PAGE 366> <PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison
Mission Mission P.T.
Energy Energy Mission
Asia Fuel Operation &
Pacific Company Maintenance
Pte Ltd. Pte Ltd. Indonesia
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $15
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 15
----------------------------------------------------
Cash and equivalents 2,371
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 892
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 264
----------------------------------------------------
Total current assets 3,527
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
----------------------------------------------------
Total deferred charges
----------------------------------------------------
TOTAL ASSETS $3,542
====================================================
</TABLE>
<PAGE 367>
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Energy
Energy Asia
Asia Consolidating Pte Ltd.
Pte Ltd. Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
----------------------------------------------------
Total utility plant
----------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $1,225 $1,240
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,485 ($1,485)
Investments in leveraged leases
Other investments
----------------------------------------------------
Total other property and investments 2,710 (1,485) 1,240
----------------------------------------------------
Cash and equivalents 121 2,492
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 225 1,117
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 263 527
----------------------------------------------------
Total current assets 609 4,136
----------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 645 645
----------------------------------------------------
Total deferred charges 645 645
----------------------------------------------------
TOTAL ASSETS $3,964 ($1,485) $6,021
====================================================
</TABLE>
PAGE 368
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison
Mission Mission P.T.
Energy Energy Mission
Asia Fuel Operation &
Pacific Company Maintenance
Pte Ltd. Pte Ltd. Indonesia
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $1,500
Cumulative Translation Adjustments, Net
Retained earnings 545
----------------------------------------------------
2,045
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
----------------------------------------------------
Total capitalization 2,045
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 1,036
Accrued taxes 365
Accrued interest 96
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 1,497
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $3,542
====================================================
</TABLE>
PAGE 369
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Energy
Energy Asia
Asia Consolidating Pte Ltd.
Pte Ltd. Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $215 $215
Additional Paid in Capital 1,485 ($1,500) 1,485
Cumulative Translation Adjustments, Net (6) (6)
Retained earnings 183 728
----------------------------------------------------
1,877 (1,500) 2,422
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 144 144
----------------------------------------------------
Total capitalization 2,021 (1,500) 2,566
----------------------------------------------------
Other long-term liabilities
----------------------------------------------------
Current portion of long-term debt
Short-term debt
Accounts payable 1,879 2,915
Accrued taxes 64 429
Accrued interest 96
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
----------------------------------------------------
Total current liabilities 1,943 3,440
----------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
----------------------------------------------------
Total deferred credits
----------------------------------------------------
Minority interest 15 15
----------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $3,964 ($1,485) $6,021
====================================================
</TABLE>
PAGE 370
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison
Mission Mission P.T.
Energy Energy Mission
Asia Fuel Operation &
Pacific Company Maintenance
Pte Ltd. Pte Ltd. Indonesia
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $3,823
----------------------------------------------------
Total operating revenue 3,823
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,054
Maintenance
Depreciation and decommissioning
Income taxes 327
Property and other taxes
----------------------------------------------------
Total operating expenses 3,381
----------------------------------------------------
Operating income 442
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 147
Minority Interest
Taxes on nonoperating income (40)
Other - net (8)
----------------------------------------------------
Total other income (deductions) - net 99
----------------------------------------------------
Income before interest and other expenses 541
----------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net
----------------------------------------------------
NET INCOME 541
Retained Earnings - beginning of year 4
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $545
====================================================
</TABLE>
PAGE 371
<PAGE>
MEC International B.V.
Edison Mission Energy Asia Pte Ltd.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Edison Mission
Mission Energy
Energy Asia
Asia Consolidating Pte Ltd.
Pte Ltd. Adjustments Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $6,953 $10,776
----------------------------------------------------
Total operating revenue 6,953 10,776
----------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 6,401 9,455
Maintenance
Depreciation and decommissioning 318 318
Income taxes 60 387
Property and other taxes
----------------------------------------------------
Total operating expenses 6,779 10,160
----------------------------------------------------
Operating income 174 616
----------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 147
Minority Interest
Taxes on nonoperating income (40)
Other - net (8)
----------------------------------------------------
Total other income (deductions) - net
----------------------------------------------------
Income before interest and other expenses 174 715
----------------------------------------------------
Interest on long-term debt
Other interest expense 3 3
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
----------------------------------------------------
Total interest and other expenses - net 3 3
----------------------------------------------------
NET INCOME 171 712
Retained Earnings - beginning of year 12 16
Dividends declared on common stock
----------------------------------------------------
Retained Earnings - end of year $183 $728
====================================================
</TABLE>
<PAGE 372>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Saltos
Energy del Porma, Consolidating
Espana S.A. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144 $1 $(1)
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,490
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,634 1 (1)
------------------------------------------------------
Cash and equivalents 47 10 (10)
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129 90 (90)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 176 100 (100)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756 2,540 (2,540)
------------------------------------------------------
Total deferred charges 756 2,540 (2,540)
------------------------------------------------------
TOTAL ASSETS $2,566 $2,641 ($2,641)
======================================================
</TABLE>
<PAGE 427>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,490
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,634
------------------------------------------------------
Cash and equivalents 47
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 176
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756
------------------------------------------------------
Total deferred charges 756
------------------------------------------------------
TOTAL ASSETS $2,566
======================================================
</TABLE>
<PAGE 428>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Hydro Mission Iberica
Energy Energy de Energias,
B.V. Espana S.A.
Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144 $67,681
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $39,542 1,490 12,475
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 39,542 1,634 80,156
------------------------------------------------------
Cash and equivalents 1 47 9,649
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129 5,628
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 1 176 15,753
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756 69,616
------------------------------------------------------
Total deferred charges 756 69,616
------------------------------------------------------
TOTAL ASSETS $39,543 $2,566 $165,525
======================================================
</TABLE>
<PAGE 429>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Hydro
Energy
Consolidating B.V.
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $67,825
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($26,571) 26,936
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments (26,571) 94,761
------------------------------------------------------
Cash and equivalents 9,697
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 5,757
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets (1) 475
------------------------------------------------------
Total current assets (1) 15,929
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges (143) 70,229
------------------------------------------------------
Total deferred charges (143) 70,229
------------------------------------------------------
TOTAL ASSETS ($26,715) $180,919
======================================================
</TABLE>
<PAGE 430>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metalurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $58,917 $8,764
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 3,892 8,653 ($70)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 62,809 17,417 (70)
------------------------------------------------------
Cash and equivalents 3,823 5,826
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 3,773 1,856 (1)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 8,072 7,682 (1)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 5,129 64,487
------------------------------------------------------
Total deferred charges 5,129 64,487
------------------------------------------------------
TOTAL ASSETS $76,010 $89,586 ($71)
======================================================
</TABLE>
<PAGE 431>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Iberica
de Energias.
S.A.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $67,681
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 12,475
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 80,156
------------------------------------------------------
Cash and equivalents 9,649
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 5,628
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 15,753
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 69,616
------------------------------------------------------
Total deferred charges 69,616
------------------------------------------------------
TOTAL ASSETS $165,525
======================================================
</TABLE>
<PAGE 432>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Iberian
Hy-Power Hidroelectrica
Amsterdam de Olvera, Aprohiso
B.V. S.A. S.A.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $3,409
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $14,542
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 14,542 3,409
------------------------------------------------------
Cash and equivalents 9 27
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 163
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 9
------------------------------------------------------
Total current assets 9 199
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 548 71
------------------------------------------------------
Total deferred charges 548 71
------------------------------------------------------
TOTAL ASSETS $15,099 $3,679
======================================================
</TABLE>
<PAGE 433>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hidroelectrica Hydro
del Sossis, Energy Saltos
S.A. B.V. Del Porma,
Consolidated Consolidated S.A.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $5,320 $67,825 $1
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 26,936
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 5,320 94,761 1
------------------------------------------------------
Cash and equivalents 144 9,697 10
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 353 5,757 90
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 475
------------------------------------------------------
Total current assets 497 15,929 100
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 3,232 70,229 2,540
------------------------------------------------------
Total deferred charges 3,232 70,229 2,540
------------------------------------------------------
TOTAL ASSETS $9,049 $180,919 $2,641
======================================================
</TABLE>
<PAGE 434>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Iberian
Hy-Power
Consolidating Amsterdam BV
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $70,158 $146,713
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries (41,478)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 28,680 146,713
------------------------------------------------------
Cash and equivalents (9) 9,878
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts (90) 6,273
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 1 485
------------------------------------------------------
Total current assets (98) 16,636
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges (66,424) 10,196
------------------------------------------------------
Total deferred charges (66,424) 10,196
------------------------------------------------------
TOTAL ASSETS ($37,842) $173,545
======================================================
</TABLE>
<PAGE 435>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hidroelectrica Saltos
del Sossis, del Porma, Consolidating
S.A. S.A. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $5,319 $1
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 5,319 1
------------------------------------------------------
Cash and equivalents 134 10
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 263 90
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 397 100
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 692 2,540
------------------------------------------------------
Total deferred charges 692 2,540
------------------------------------------------------
TOTAL ASSETS $6,408 $2,641
======================================================
</TABLE>
<PAGE 436>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Hidroelectrica
del Sossis,
S.A.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $5,320
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 5,320
------------------------------------------------------
Cash and equivalents 144
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 353
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 497
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 3,232
------------------------------------------------------
Total deferred charges 3,232
------------------------------------------------------
TOTAL ASSETS $9,049
======================================================
</TABLE>
<PAGE 437>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Iberica
Hydro Energy de Energias,
Energy Espana S.A.
B.V. Consolidated Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144 $67,681
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $39,542 1,490 12,475
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 39,542 1,634 80,156
------------------------------------------------------
Cash and equivalents 1 47 9,649
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129 5,628
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 1 176 15,753
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756 69,616
------------------------------------------------------
Total deferred charges 756 69,616
------------------------------------------------------
TOTAL ASSETS $39,543 $2,566 $165,525
======================================================
</TABLE>
<PAGE 438>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Hydro
Energy
Consolidating B.V.
Adjustmemts Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $67,825
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries ($26,571) 26,936
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments (26,571) 94,761
------------------------------------------------------
Cash and equivalents 9,697
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 5,757
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets (1) 475
------------------------------------------------------
Total current assets (1) 15,929
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges (143) 70,229
------------------------------------------------------
Total deferred charges (143) 70,229
------------------------------------------------------
TOTAL ASSETS ($26,715) $180,919
======================================================
</TABLE>
<PAGE 439>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Saltos
Energy del Porma, Consolidating
Espana S.A. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144 $1 ($1)
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,490
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,634 1 (1)
------------------------------------------------------
Cash and equivalents 47 10 (10)
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129 90 (90)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 176 100 (100)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756 2,540 (2,540)
------------------------------------------------------
Total deferred charges 756 2,540 (2,540)
------------------------------------------------------
TOTAL ASSETS $2,566 $2,641 ($2,641)
======================================================
</TABLE>
<PAGE 440>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $144
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 1,490
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,634
------------------------------------------------------
Cash and equivalents 47
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 129
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 176
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 756
------------------------------------------------------
Total deferred charges 756
------------------------------------------------------
TOTAL ASSETS $2,566
======================================================
</TABLE>
<PAGE 441>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metalurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $58,917 $8,764
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 3,892 8,653 ($70)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 62,809 17,417 (70)
------------------------------------------------------
Cash and equivalents 3,823 5,826
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 3,773 1,856 (1)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 8,072 7,682 (1)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 5,129 64,487
------------------------------------------------------
Total deferred charges 5,129 64,487
------------------------------------------------------
TOTAL ASSETS $76,010 $89,586 ($71)
======================================================
</TABLE>
<PAGE 442>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Iberica
de Energias,
S.A.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $67,681
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 12,475
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 80,156
------------------------------------------------------
Cash and equivalents 9,649
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 5,628
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 476
------------------------------------------------------
Total current assets 15,753
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 69,616
------------------------------------------------------
Total deferred charges 69,616
------------------------------------------------------
TOTAL ASSETS $165,525
======================================================
</TABLE>
<PAGE 443>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Saltos
Energy del Porma, Consolidated
Espana S.A. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $2,105 $826 ($826)
Additional Paid in Capital
Cumulative Translation Adjustments, Net (112) (56) 56
Retained earnings (25)
------------------------------------------------------
1,968 770 (770)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 906 (906)
------------------------------------------------------
Total capitalization 1,968 1,676 (1,676)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 462 928 (928)
Accrued taxes 136 2 (2)
Accrued interest 35 (35)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 598 965 (965)
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,566 $2,641 ($2,641)
======================================================
</TABLE>
<PAGE 444>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock $2,105
Additional Paid in Capital
Cumulative Translation Adjustments, Net (112)
Retained earnings (25)
------------------------------------------------------
1,968
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 1,968
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 462
Accrued taxes 136
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 598
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,566
======================================================
</TABLE>
<PAGE 445>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Iberica
Hydro Energy de Engergias,
Energy Espana S.A.
B.V. Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $2,105 $25,922
Additional Paid in Capital
Cumulative Translation Adjustments, Net (370) (112) (2,058)
Retained earnings 89 (25) 9,736
------------------------------------------------------
(256) 1,968 33,600
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 39,704 110,959
------------------------------------------------------
Total capitalization 39,448 1,968 144,559
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable 95 462 1,496
Accrued taxes 136 651
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 95 598 14,520
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $39,543 $2,566 $165,525
======================================================
</TABLE>
<PAGE 446>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Hydro
Energy
Consolidating B.V.
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock ($28,027) $25
Additional Paid in Capital
Cumulative Translation Adjustments, Net 3,364 824
Retained earnings (1,639) 8,161
------------------------------------------------------
(26,302) 9,010
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt (1) 150,662
------------------------------------------------------
Total capitalization (26,303) 159,672
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable (412) 1,641
Accrued taxes 787
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (412) 14,801
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES ($26,715) $180,919
======================================================
</TABLE>
<PAGE 447>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metalurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25,922 $83 ($83)
Additional Paid in Capital
Cumulative Translation Adjustments, Net (946) 376 (1,488)
Retained earnings 8,597 (355) 1,494
------------------------------------------------------
33,573 104 (77)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 31,411 79,548
------------------------------------------------------
Total capitalization 64,984 79,652 (77)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 5,159 5,776
Short-term debt
Accounts payable 838 658
Accrued taxes 470 181
Accrued interest 541 897
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 7,008 7,512
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 4,018 2,420
------------------------------------------------------
Total deferred credits 4,018 2,420
------------------------------------------------------
Minority interest 6
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $76,010 $89,586 ($71)
======================================================
</TABLE>
<PAGE 448>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Iberica
de Energias,
S.A.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock $25,922
Additional Paid in Capital
Cumulative Translation Adjustments, Net (2,058)
Retained earnings 9,736
------------------------------------------------------
33,600
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 110,959
------------------------------------------------------
Total capitalization 144,559
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable 1,496
Accrued taxes 651
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 14,520
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $165,525
======================================================
</TABLE>
<PAGE 449>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Iberian
Hy-Power Hidroelectrica
Amsterdam de Olvera,
B.V. S.A. Aprohiso S.A.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $1,188 $83
Additional Paid in Capital 193
Cumulative Translation Adjustments, Net (91) 176
Retained earnings 2,025 (354)
------------------------------------------------------
3,315 (95)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 11,880 541
------------------------------------------------------
Total capitalization 15,195 446
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 276
Short-term debt
Accounts payable (104) 1,607
Accrued taxes 17
Accrued interest 8 15
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (96) 1,915
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 1,318
------------------------------------------------------
Total deferred credits 1,318
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,099 $3,679
======================================================
</TABLE>
<PAGE 450>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hidroelectrica Hydro
del Sossis, Energy Saltos
S.A. B.V. del Porma,
Consolidated Consolidated S.A.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $1,788 $25 $826
Additional Paid in Capital
Cumulative Translation Adjustments, Net (258) 824 (56)
Retained earnings 434 8,161
------------------------------------------------------
1,964 9,010 770
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 4,911 150,662 906
------------------------------------------------------
Total capitalization 6,875 159,672 1,676
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 770 10,935
Short-term debt
Accounts payable 1,136 1,641 928
Accrued taxes 178 787 2
Accrued interest 90 1,438 35
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 2,174 14,801 965
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $9,049 $180,919 $2,641
======================================================
</TABLE>
<PAGE 451>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Iberian
Hy-Power
Consolidating Amsterdam BV
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock ($3,910)
Additional Paid in Capital 8,245 $8,438
Cumulative Translation Adjustments, Net (1,923) (1,328)
Retained earnings (6,725) 3,541
------------------------------------------------------
(4,313) 10,651
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt (32,734) 136,166
------------------------------------------------------
Total capitalization (37,047) 146,817
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 11,981
Short-term debt
Accounts payable (2,069) 3,139
Accrued taxes (2) 982
Accrued interest (42) 1,544
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (2,113) 17,646
------------------------------------------------------
Accumulated deferred income taxes - net 1,882 1,882
Accumulated deferred investment tax credits
Customer advances and other deferred credits (564) 7,192
------------------------------------------------------
Total deferred credits 1,318 9,074
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES ($37,842) $173,545
======================================================
</TABLE>
<PAGE 452>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hidroelectrica Saltos
del Sossis, del Porma, Consolidating
S.A. S.A. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $962 $826
Additional Paid in Capital
Cumulative Translation Adjustments, Net (202) (56)
Retained earnings 434
------------------------------------------------------
1,194 770
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 4,005 906
------------------------------------------------------
Total capitalization 5,199 1,676
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 770
Short-term debt
Accounts payable 208 928
Accrued taxes 176 2
Accrued interest 55 35
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 1,209 965
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $6,408 $2,641
======================================================
</TABLE>
<PAGE 453>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Hidroelectrica
del Sossis
S.A.
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock $1,788
Additional Paid in Capital
Cumulative Translation Adjustments, Net (258)
Retained earnings 434
------------------------------------------------------
1,964
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 4,911
------------------------------------------------------
Total capitalization 6,875
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 770
Short-term debt
Accounts payable 1,136
Accrued taxes 178
Accrued interest 90
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 2,174
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $9,049
======================================================
</TABLE>
<PAGE 454>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Iberica
Hydro Energy de Energias,
Energy Espana S.A.
B.V. Consolidated Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $2,105 $25,922
Additional Paid in Capital
Cumulative Translation Adjustments, Net (370) (112) (2,058)
Retained earnings 89 (25) 9,736
------------------------------------------------------
(256) 1,968 33,600
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 39,704 110,959
------------------------------------------------------
Total capitalization 39,448 1,968 144,559
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable 95 462 1,496
Accrued taxes 136 651
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 95 598 14,520
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $39,543 $2,566 $165,525
======================================================
</TABLE>
<PAGE 455>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Hydro
Energy
Consolidating B.V.
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock ($28,027) $25
Additional Paid in Capital
Cumulative Translation Adjustments, Net 3,364 824
Retained earnings (1,639) 8,161
------------------------------------------------------
(26,302) 9,010
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt (1) 150,662
------------------------------------------------------
Total capitalization (26,303) 159,672
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable (412) 1,641
Accrued taxes 787
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (412) 14,801
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES ($26,715) $180,919
======================================================
</TABLE>
<PAGE 456>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Saltos
Energy del Porma, Consolidating
Espana S.A. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $2,105 $826 ($826)
Additional Paid in Capital
Cumulative Translation Adjustments, Net (112) (56) 56
Retained earnings (25)
------------------------------------------------------
1,968 770 (770)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 906 (906)
------------------------------------------------------
Total capitalization 1,968 1,676 (1,676)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 462 928 (928)
Accrued taxes 136 2 (2)
Accrued interest 35 (35)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 598 965 (965)
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,566 $2,641 ($2,641)
======================================================
</TABLE>
<PAGE 457>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock $2,105
Additional Paid in Capital
Cumulative Translation Adjustments, Net (112)
Retained earnings (25)
------------------------------------------------------
1,968
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 1,968
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 462
Accrued taxes 136
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 598
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,566
======================================================
</TABLE>
<PAGE 458>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metalurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25,922 $83 ($83)
Additional Paid in Capital
Cumulative Translation Adjustments, Net (946) 376 (1,488)
Retained earnings 8,597 (355) 1,494
------------------------------------------------------
33,573 104 (77)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 31,411 79,548
------------------------------------------------------
Total capitalization 64,984 79,652 (77)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 5,159 5,776
Short-term debt
Accounts payable 838 658
Accrued taxes 470 181
Accrued interest 541 897
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 7,008 7,512
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 4,018 2,420
------------------------------------------------------
Total deferred credits 4,018 2,420
------------------------------------------------------
Minority interest 2 6
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $76,010 $89,586 ($71)
======================================================
</TABLE>
<PAGE 459>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica Energias, S.A.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Iberica
de Energias,
S.A.
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock $25,922
Additional Paid in Capital
Cumulative Translation Adjustments, Net (2,058)
Retained earnings 9,736
------------------------------------------------------
33,600
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 110,959
------------------------------------------------------
Total capitalization 144,559
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock 10,935
Short-term debt
Accounts payable 1,496
Accrued taxes 651
Accrued interest 1,438
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 14,520
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits 6,438
------------------------------------------------------
Total deferred credits 6,438
------------------------------------------------------
Minority interest 8
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $165,525
======================================================
</TABLE>
<PAGE 460>
<PAGE>
MEC International B.V.
Edison Mission Energy Espana
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Saltos
Energy del Porma, Consolidating
Espana S.A. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $836
------------------------------------------------------
Total operating revenue 836
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 853
Maintenance
Depreciation and decommissioning 21
Income taxes
Property and other taxes 2
------------------------------------------------------
Total operating expenses 876
------------------------------------------------------
Operating income (40)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101
Minority Interest
Taxes on nonoperating income (36)
Other - net (22)
------------------------------------------------------
Total other income (deductions) - net 43
------------------------------------------------------
Income before interest and other expenses 3
------------------------------------------------------
Interest on long-term debt
Other interest expense 34
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 34
------------------------------------------------------
NET INCOME (31)
Retained Earnings - beginning of year 6
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($25)
======================================================
</TABLE>
<PAGE 461>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue
Diversified operations $836
------------------------------------------------------
Total operating revenue 836
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 853
Maintenance
Depreciation and decommissioning 21
Income taxes
Property and other taxes 2
------------------------------------------------------
Total operating expenses 876
------------------------------------------------------
Operating income (40)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101
Minority Interest
Taxes on nonoperating income (36)
Other - net (22)
------------------------------------------------------
Total other income (deductions) - net 43
------------------------------------------------------
Income before interest and other expenses 3
------------------------------------------------------
Interest on long-term debt
Other interest expense 34
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 34
------------------------------------------------------
NET INCOME (31)
Retained Earnings - beginning of year 6
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($25)
======================================================
</TABLE>
PAGE 462
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Iberica
Hydro Energy de Energias,
Energy Espana S.A.
B.V. Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $25,860
Diversified operations $836 50
------------------------------------------------------
Total operating revenue 836 25,910
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $1 853 3,519
Maintenance
Depreciation and decommissioning 21 3,198
Income taxes
Property and other taxes 2 56
------------------------------------------------------
Total operating expenses 1 876 6,773
------------------------------------------------------
Operating income (1) (40) 19,137
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101 1,598
Minority Interest 1
Taxes on nonoperating income (36) (559)
Other - net (22) 137
------------------------------------------------------
Total other income (deductions) - net 43 1,177
------------------------------------------------------
Income before interest and other expenses (1) 3 20,314
------------------------------------------------------
Interest on long-term debt 13,447
Other interest expense 70 34 90
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 70 34 13,537
------------------------------------------------------
NET INCOME (71) (31) 6,777
Retained Earnings - beginning of year 160 6 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $89 ($25) $9,736
======================================================
</TABLE>
<PAGE 463>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Hydro
Energy
Consolidating B.V.
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue $25,860
Diversified operations ($673) 213
------------------------------------------------------
Total operating revenue (673) 26,073
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses (56) 3,847
Maintenance
Depreciation and decommissioning 1,492 4,711
Income taxes
Property and other taxes 58
------------------------------------------------------
Total operating expenses 966 8,616
------------------------------------------------------
Operating income (1,639) 17,457
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,699
Minority Interest 1
Taxes on nonoperating income (595)
Other - net 115
------------------------------------------------------
Total other income (deductions) - net 1,220
------------------------------------------------------
Income before interest and other expenses (1,639) 18,677
------------------------------------------------------
Interest on long-term debt 70 13,517
Other interest expense (70) 124
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 13,641
------------------------------------------------------
NET INCOME (1,639) 5,036
Retained Earnings - beginning of year 3,125
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($1,639) $8,161
======================================================
</TABLE>
<PAGE 464>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metalurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $13,161 $12,699
Diversified operations 25 25
------------------------------------------------------
Total operating revenue 13,186 12,724
------------------------------------------------------
Fuel
Purchased power 1,786 1,733 ($3,519)
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,519
Maintenance
Depreciation and decommissioning 1,947 2,743 (1,492)
Income taxes
Property and other taxes 31 25
------------------------------------------------------
Total operating expenses 3,764 4,501 (1,492)
------------------------------------------------------
Operating income 9,422 8,223 1,492
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 602 996
Minority Interest 1
Taxes on nonoperating income (211) (348)
Other - net 41 96
------------------------------------------------------
Total other income (deductions) - net 432 744 1
------------------------------------------------------
Income before interest and other expenses 9,854 8,967 1,493
------------------------------------------------------
Interest on long-term debt 4,163 9,284
Other interest expense 53 38 (1)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 4,216 9,322 (1)
------------------------------------------------------
NET INCOME 5,638 (355) 1,494
Retained Earnings - beginning of year 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $8,597 ($355) $1,494
======================================================
</TABLE>
<PAGE 465>
<PAGE>
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Iberica
de Energias,
S.A.
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue $25,860
Diversified operations 50
------------------------------------------------------
Total operating revenue 25,910
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,519
Maintenance
Depreciation and decommissioning 3,198
Income taxes
Property and other taxes 56
------------------------------------------------------
Total operating expenses 6,773
------------------------------------------------------
Operating income 19,137
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,598
Minority Interest 1
Taxes on nonoperating income (559)
Other - net 137
------------------------------------------------------
Total other income (deductions) - net 1,177
------------------------------------------------------
Income before interest and other expenses 20,314
------------------------------------------------------
Interest on long-term debt 13,447
Other interest expense 90
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 13,537
------------------------------------------------------
NET INCOME 6,777
Retained Earnings - beginning of year 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $9,736
======================================================
</TABLE>
<PAGE 466>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Iberian
Hy-Power Hidroelectrica
Amsterdam de Olvera, Aprohiso
B.V. S.A. S.A.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $401
Diversified operations 25
------------------------------------------------------
Total operating revenue 426
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $42 109
Maintenance
Depreciation and decommissioning 134
Income taxes
Property and other taxes 7
------------------------------------------------------
Total operating expenses 42 250
------------------------------------------------------
Operating income (42) 176
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 3
Minority Interest
Taxes on nonoperating income
Other - net 501 6
------------------------------------------------------
Total other income (deductions) - net 504 6
------------------------------------------------------
Income before interest and other expenses 462 182
------------------------------------------------------
Interest on long-term debt 533
Other interest expense 1 3
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 1 536
------------------------------------------------------
NET INCOME 461 (354)
Retained Earnings - beginning of year 1,564
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $2,025 ($354)
======================================================
</TABLE>
<PAGE 467>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hidroelectrica Hydro
del Sossis, Energy Saltos
S.A. B.V. del Porma,
Consolidated Consolidated S.A.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $1,863 $25,860
Diversified operations 213
------------------------------------------------------
Total operating revenue 1,863 26,073
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 311 3,847
Maintenance
Depreciation and decommissioning 334 4,711
Income taxes 90
Property and other taxes 4 58
------------------------------------------------------
Total operating expenses 739 8,616
------------------------------------------------------
Operating income 1,124 17,457
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 62 1,699
Minority Interest 1
Taxes on nonoperating income (22) (595)
Other - net 115
------------------------------------------------------
Total other income (deductions) - net 40 1,220
------------------------------------------------------
Income before interest and other expenses 1,164 18,677
------------------------------------------------------
Interest on long-term debt 728 13,517
Other interest expense 2 124
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 730 13,641
------------------------------------------------------
NET INCOME 434 5,036
Retained Earnings - beginning of year 3,125
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $434 $8,161
======================================================
</TABLE>
<<PAGE 468>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 5
Iberian
Hy-Power
Consolidating Amsterdam BV
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue $28,124
Diversified operations ($238)
------------------------------------------------------
Total operating revenue (238) 28,124
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 83 4,392
Maintenance
Depreciation and decommissioning (852) 4,327
Income taxes 1,010 1,100
Property and other taxes (5) 64
------------------------------------------------------
Total operating expenses 236 9,883
------------------------------------------------------
Operating income (474) 18,241
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income (935) 829
Minority Interest 14 15
Taxes on nonoperating income 327 (290)
Other - net 141 763
------------------------------------------------------
Total other income (deductions) - net (453) 1,317
------------------------------------------------------
Income before interest and other expenses (927) 19,558
------------------------------------------------------
Interest on long-term debt 1,099 15,877
Other interest expense (130)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 969 15,877
------------------------------------------------------
NET INCOME (1,896) 3,681
Retained Earnings - beginning of year (4,829) (140)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($6,725) $3,541
======================================================
</TABLE>
<PAGE 469>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Hdroelectrica Saltos
del Sossis, del Porma, Consolidating
S.A. S.A. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $1,863
Diversified operations
------------------------------------------------------
Total operating revenue 1,863
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 311
Maintenance
Depreciation and decommissioning 334
Income taxes 90
Property and other taxes 4
------------------------------------------------------
Total operating expenses 739
------------------------------------------------------
Operating income 1,124
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 62
Minority Interest
Taxes on nonoperating income (22)
Other - net
------------------------------------------------------
Total other income (deductions) - net 40
------------------------------------------------------
Income before interest and other expenses 1,164
------------------------------------------------------
Interest on long-term debt 728
Other interest expense 2
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 730
------------------------------------------------------
NET INCOME 434
Retained Earnings - beginning of year
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $434
======================================================
</TABLE>
<PAGE 470>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Mission
Hidroelectrica
del Sossis,
S.A.
Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue $1,863
Diversified operations
------------------------------------------------------
Total operating revenue 1,863
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 311
Maintenance
Depreciation and decommissioning 334
Income taxes 90
Property and other taxes 4
------------------------------------------------------
Total operating expenses 739
------------------------------------------------------
Operating income 1,124
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 62
Minority Interest
Taxes on nonoperating income (22)
Other - net
------------------------------------------------------
Total other income (deductions) - net 40
------------------------------------------------------
Income before interest and other expenses 1,164
------------------------------------------------------
Interest on long-term debt 728
Other interest expense 2
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 730
------------------------------------------------------
NET INCOME 434
Retained Earnings - beginning of year
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $434
======================================================
</TABLE>
<PAGE 471>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Iberica
Hydro Energy de Energias,
Energy Espana S.A.
B.V. Consolidated Consolidated
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $836 $25,860
Diversified operations 50
------------------------------------------------------
Total operating revenue 836 25,910
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $1 853 3,519
Maintenance
Depreciation and decommissioning 21 3,198
Income taxes
Property and other taxes 2 56
------------------------------------------------------
Total operating expenses 1 876 6,773
------------------------------------------------------
Operating income (1) (40) 19,137
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101 1,598
Minority Interest 1
Taxes on nonoperating income (36) (559)
Other - net (22) 137
------------------------------------------------------
Total other income (deductions) - net 43 1,177
------------------------------------------------------
Income before interest and other expenses (1) 3 20,314
------------------------------------------------------
Interest on long-term debt 13,447
Other interest expense 70 34 90
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 70 34 13,537
------------------------------------------------------
NET INCOME (71) (31) 6,777
Retained Earnings - beginning of year 160 6 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $89 ($25) $9,736
======================================================
</TABLE>
<PAGE 472>
<PAGE>
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 6
Hydro
Energy
Consolidating B.V.
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue $25,860
Diversified operations ($673) 213
------------------------------------------------------
Total operating revenue (673) 26,073
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses (526) 3,847
Maintenance
Depreciation and decommissioning 1,492 4,711
Income taxes
Property and other taxes 58
------------------------------------------------------
Total operating expenses 966 8,616
------------------------------------------------------
Operating income (1,639) 17,457
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,699
Minority Interest 1
Taxes on nonoperating income (595)
Other - net 115
------------------------------------------------------
Total other income (deductions) - net 1,220
------------------------------------------------------
Income before interest and other expenses (1,639) 18,677
------------------------------------------------------
Interest on long-term debt 70 13,517
Other interest expense (70) 124
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 13,641
------------------------------------------------------
NET INCOME (1,639) 5,036
Retained Earnings - beginning of year 3,125
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($1,639) $8,161
======================================================
</TABLE>
<PAGE 473>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Energy
Mission Saltos
Energy del Porma, Consolidating
Espana S.A. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $836
------------------------------------------------------
Total operating revenue 836
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 853
Maintenance
Depreciation and decommissioning 21
Income taxes
Property and other taxes 2
------------------------------------------------------
Total operating expenses 876
------------------------------------------------------
Operating income (40)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101
Minority Interest
Taxes on nonoperating income (36)
Other - net (22)
------------------------------------------------------
Total other income (deductions) - net 43
------------------------------------------------------
Income before interest and other expenses 3
------------------------------------------------------
Interest on long-term debt
Other interest expense 34
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 34
------------------------------------------------------
NET INCOME (31)
Retained Earnings - beginning of year 6
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($25)
======================================================
</TABLE>
<PAGE 474>
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Edison Mission Energy Espana
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Edison
Mission
Energy
Espana
Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue
Diversified operations $836
------------------------------------------------------
Total operating revenue 836
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 853
Maintenance
Depreciation and decommissioning 21
Income taxes
Property and other taxes 2
------------------------------------------------------
Total operating expenses 876
------------------------------------------------------
Operating income (40)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 101
Minority Interest
Taxes on nonoperating income (36)
Other - net (22)
------------------------------------------------------
Total other income (deductions) - net 43
------------------------------------------------------
Income before interest and other expenses 3
------------------------------------------------------
Interest on long-term debt
Other interest expense 34
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 34
------------------------------------------------------
NET INCOME (31)
Retained Earnings - beginning of year 6
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($25)
======================================================
</TABLE>
PAGE 475
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Electro
Iberica Metulurgica
de Energias, del Ebro, Consolidating
S.A. S.A. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $13,161 $12,699
Diversified operations 25 25
------------------------------------------------------
Total operating revenue 13,186 12,724
------------------------------------------------------
Fuel
Purchased power 1,786 1,733 ($3,519)
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,519
Maintenance
Depreciation and decommissioning 1,947 2,743 (1,492)
Income taxes
Property and other taxes 31 25
------------------------------------------------------
Total operating expenses 3,764 4,501 (1,492)
------------------------------------------------------
Operating income 9,422 8,223 1,492
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 602 996
Minority Interest 1
Taxes on nonoperating income (211) (348)
Other - net 41 96
------------------------------------------------------
Total other income (deductions) - net 432 744 1
------------------------------------------------------
Income before interest and other expenses 9,854 8,967 1,493
------------------------------------------------------
Interest on long-term debt 4,163 9,284
Other interest expense 53 38 (1)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 4,216 9,322 (1)
------------------------------------------------------
NET INCOME 5,638 (355) 1,494
Retained Earnings - beginning of year 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $8,597 ($355) $1,494
======================================================
</TABLE>
<PAGE 476
<PAGE>
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias S.A.
Consolidating Income Statement
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Level 7
Iberica
de Energias,
S.A.
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue $25,860
Diversified operations 50
------------------------------------------------------
Total operating revenue 25,910
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,519
Maintenance
Depreciation and decommissioning 3,198
Income taxes
Property and other taxes 56
------------------------------------------------------
Total operating expenses 6,773
------------------------------------------------------
Operating income 19,137
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1,598
Minority Interest 1
Taxes on nonoperating income (559)
Other - net 137
------------------------------------------------------
Total other income (deductions) - net 1,177
------------------------------------------------------
Income before interest and other expenses 20,314
------------------------------------------------------
Interest on long-term debt 13,447
Other interest expense 90
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 13,537
------------------------------------------------------
NET INCOME 6,777
Retained Earnings - beginning of year 2,959
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $9,736
======================================================
</TABLE>
<PAGE 477>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Edison
Energy Mission
Asia Energy MEC
Company International Colombia
Consolidated B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 15,868
------------------------------------------------------
Cash and equivalents 18 $23 $23
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 65 23 23
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 4 4 2
------------------------------------------------------
Total deferred charges 4 4 2
------------------------------------------------------
TOTAL ASSETS $15,937 $27 $25
======================================================
</TABLE>
<PAGE 478>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $79 $6
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 79 6
------------------------------------------------------
Cash and equivalents 13 $24
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 13 24
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 54 2 5
------------------------------------------------------
Total deferred charges 54 2 5
------------------------------------------------------
TOTAL ASSETS $133 $21 $29
======================================================
</TABLE>
<PAGE 479>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Indo MEC MEC
Coal Indonesia Laguna Power
B.V. B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $19,552 $84,057 $16
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 19,552 84,057 16
------------------------------------------------------
Cash and equivalents 994 153
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 994 153
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 139 682 2
------------------------------------------------------
Total deferred charges 139 682 2
------------------------------------------------------
TOTAL ASSETS $20,685 $84,892 $18
======================================================
</TABLE>
<PAGE 480>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC MEC San
Perth Priolo Pascual
B.V. B.V. B.V.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,293
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 15,293
------------------------------------------------------
Cash and equivalents $23 3,083
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 307
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 23 3,390
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 10 133 $2
------------------------------------------------------
Total deferred charges 10 133 2
------------------------------------------------------
TOTAL ASSETS $33 $18,816 $2
======================================================
</TABLE>
<PAGE 481>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC Mission
MEC Wales Energy
Turkey B.V. Italia
B.V. Consolidated s.r.l.
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $1,150,426 $88
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,150,426 88
------------------------------------------------------
Cash and equivalents $23 124,478 215
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 34,006 100
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 4,160 26
------------------------------------------------------
Total current assets 23 162,644 341
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 2 336,766 62
------------------------------------------------------
Total deferred charges 2 336,766 62
------------------------------------------------------
TOTAL ASSETS $25 $1,649,836 $491
======================================================
</TABLE>
PAGE 482
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
P.T.
Mission MEC
Operation & International
Maintenance Holdings Consolidating
Indonesia B.V. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $14 ($1,150,528)
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $4,146 (134,871)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 14 4,146 (1,285,399)
------------------------------------------------------
Cash and equivalents 2,371 27 (131,441)
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 892 (35,352)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 265 (4,451)
------------------------------------------------------
Total current assets 3,528 27 (171,244)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 1 (337,869)
------------------------------------------------------
Total deferred charges 1 (377,869)
------------------------------------------------------
TOTAL ASSETS $3,542 $4,174 ($1,794,512)
======================================================
</TABLE>
<PAGE 483
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
Holdings
B.V.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $4,146
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 4,146
------------------------------------------------------
Cash and equivalents 27
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 27
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 1
------------------------------------------------------
Total deferred charges 1
------------------------------------------------------
TOTAL ASSETS $4,174
======================================================
</TABLE>
<PAGE 484>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Edison
Energy Mission
Asia Energy MEC
Company International Colombia
Consolidated B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $25
Additional Paid in Capital $14,693
Retained earnings 1,450 (8) (8)
------------------------------------------------------
16,143 17 17
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 16,143 17 17
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (742) 13 11
Accrued taxes 536 (3) (3)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (206) 10 8
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,937 $27 $25
======================================================
</TABLE>
<PAGE 485>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $30 $25 $23
Additional Paid in Capital 152
Retained earnings (11) (9) (9)
------------------------------------------------------
171 16 14
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 171 16 14
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (33) 9 20
Accrued taxes (5) (4) (5)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (38) 5 15
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $133 $21 $29
======================================================
</TABLE>
<PAGE 486>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Indo MEC MEC
Coal Indonesia Laguna Power
B.V. B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $22 $22
Additional Paid in Capital 18,423 84,783
Retained earnings 1,395 (50) (8)
------------------------------------------------------
19,843 84,755 14
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 19,843 84,755 14
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 13 167
Accrued taxes (199) (18) 9
Accrued interest (5)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (186) 149 4
------------------------------------------------------
Accumulated deferred income taxes - net 1,028 (12)
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits 1,028 (12)
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $20,685 $84,892 $18
======================================================
</TABLE>
<PAGE 487>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC MEC San
Perth Priolo Pascual
B.V. B.V. B.V.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $23 $22 $23
Additional Paid in Capital 17,928
Retained earnings (7) (21) (9)
Cumulative Translation Adjustments, Net 187
------------------------------------------------------
16 18,116 14
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 16 18,116 14
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 21 539 (7)
Accrued taxes (4) 161 (5)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 17 700 (12)
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $33 $18,816 $2
======================================================
</TABLE>
<PAGE 488>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC Mission
MEC Wales Energy
Turkey B.V. Italia
B.V. Consolidated s.r.l.
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $25 $276,724
Additional Paid in Capital $13
Retained earnings (8) 47,839 48
Cumulative Translation Adjustments, Net 51,135 (4)
------------------------------------------------------
17 375,698 57
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 684,920
------------------------------------------------------
Total capitalization 17 1,060,618 57
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 11 104,977 337
Accrued taxes (3) 31,018 80
Accrued interest 25,841 17
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 8 161,836 434
------------------------------------------------------
Accumulated deferred income taxes - net 335,701
Accumulated deferred investment tax credits
Customer advances and other deferred credits 30,814
------------------------------------------------------
Total deferred credits 366,515
------------------------------------------------------
Minority interest 60,867
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $25 $1,649,836 $491
======================================================
</TABLE>
<PAGE 489>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
P.T.
Mission MEC
Operation & International
Maintenance Holdings Consolidating
Indonesia B.V. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $21 ($277,014)
Additional Paid in Capital $1,500 4,155 (137,492)
Retained earnings 545 (18) (51,129)
Cumulative Translation Adjustments, Net (51,318)
------------------------------------------------------
2,045 4,158 (516,953)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt (684,920)
------------------------------------------------------
Total capitalization 2,045 4,158 (1,201,873)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 1,036 26 (106,372)
Accrued taxes 365 (10) (31,920)
Accrued interest 96 (25,949)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 1,497 16 (164,241)
------------------------------------------------------
Accumulated deferred income taxes - net (336,717)
Accumulated deferred investment tax credits
Customer advances and other deferred credits (30,814)
------------------------------------------------------
Total deferred credits (367,531)
------------------------------------------------------
Minority interest (60,867)
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $3,542 $4,174 ($1,794,512)
======================================================
</TABLE>
<PAGE 490>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
Holdings
B.V.
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock $21
Additional Paid in Capital 4,155
Retained earnings (18)
Cumulative Translation Adjustments, Net
------------------------------------------------------
4,158
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 4,158
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 26
Accrued taxes (10)
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 16
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,174
======================================================
</TABLE>
<PAGE 491>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison Edison
Mission Mission
Energy Asia Energy MEC
Company International Colombia
Consolidated B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $1,610
------------------------------------------------------
Total operating revenue 1,610
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 689 $9 $10
Maintenance
Depreciation and decommissioning 2 1
Income taxes 220 (3) (3)
Property and other taxes
------------------------------------------------------
Total operating expenses 911 7 7
------------------------------------------------------
Operating income 699 (7) (7)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878
Minority interest
Taxes on nonoperating income (237)
Other - net (1) (1)
------------------------------------------------------
Total other income (deductions) - net 641 (1) (1)
------------------------------------------------------
Income before interest and other expenses 1,340 (8) (8)
------------------------------------------------------
Interest on long-term debt
Other interest expense 105
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 105
------------------------------------------------------
NET INCOME 1,235 (8) (8)
Retained Earnings - beginning of year 215
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $1,450 ($8) ($8)
======================================================
</TABLE>
<PAGE 492>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC MEC MEC
Esenyurt IES India
B.V. B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
------------------------------------------------------
Total operating revenue
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $5 $11 $6
Maintenance
Depreciation and decommissioning 1 1
Income taxes (2) (3) (3)
Property and other taxes
------------------------------------------------------
Total operating expenses 4 8 4
------------------------------------------------------
Operating income (4) (8) (4)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 1
Minority interest
Taxes on nonoperating income
Other - net (1) (1)
------------------------------------------------------
Total other income (deductions) - net (1)
------------------------------------------------------
Income before interest and other expenses (4) (9) (4)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (4) (9) (4)
Retained Earnings - beginning of year (7) (5)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($11) ($9) ($9)
======================================================
</TABLE>
<PAGE 493>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Indo MEC MEC
Coal Indonesia Laguna Power
B.V. B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $3,025
------------------------------------------------------
Total operating revenue 3,025
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 12 $6 $4
Maintenance
Depreciation and decommissioning 620 118
Income taxes 895 (38) (2)
Property and other taxes
------------------------------------------------------
Total operating expenses 1,527 86 2
------------------------------------------------------
Operating income 1,498 (86) (2)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 149 5
Minority interest
Taxes on nonoperating income (52) (2)
Other - net (48) 1 1
------------------------------------------------------
Total other income (deductions) - net 49 4 1
------------------------------------------------------
Income before interest and other expenses 1,547 (82) (1)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 1,547 (82) (1)
Retained Earnings - beginning of year (152) 32 (7)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $1,395 ($50) ($8)
======================================================
</TABLE>
<PAGE 494>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
MEC MEC San
Perth Priolo Pascual
B.V. B.V. B.V.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $468
------------------------------------------------------
Total operating revenue 468
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net 659 $5
Other operating expenses
Maintenance
Depreciation and decommissioning $2 32
Income taxes (1) 36 (2)
Property and other taxes
------------------------------------------------------
Total operating expenses 1 727 3
------------------------------------------------------
Operating income (1) (259) (3)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other - net 1 286 1
------------------------------------------------------
Total other income (deductions) - net 1 286 1
------------------------------------------------------
Income before interest and other expenses 27 (2)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME 27 (2)
Retained Earnings - beginning of year (7) (48) (7)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($7) ($21) ($9)
======================================================
</TABLE>
PAGE 495
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC Mission
MEC Wales Energy
Turkey B.V. Italia
B.V. Consolidated s.r.l.
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $298,548
Diversified operations $1,801
------------------------------------------------------
Total operating revenue 298,548 1,801
------------------------------------------------------
Fuel 54,625
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $10 66,320 1,672
Maintenance
Depreciation and decommissioning 25,117 1
Income taxes (3) 27,418 81
Property and other taxes 15,579
------------------------------------------------------
Total operating expenses 7 189,059 1,754
------------------------------------------------------
Operating income (7) 109,489 47
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 4,434
Minority interest (16,885)
Taxes on nonoperating income (1,463)
Other - net (1) 65
------------------------------------------------------
Total other income (deductions) - net (1) (13,849)
------------------------------------------------------
Income before interest and other expenses (8) 95,640 47
------------------------------------------------------
Interest on long-term debt
Other interest expense 55,863
Allowance for borrowed funds used during 2
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 55,865
------------------------------------------------------
NET INCOME (8) 39,775 47
Retained Earnings - beginning of year 8,064 1
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($8) $47,839 $48
======================================================
</TABLE>
<PAGE 496>
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
P.T.
Mission MEC
Operation & International
Maintenance Holdings Consolidating
Indonesia B.V. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue ($298,548)
Diversified operations $3,823 (10,727)
------------------------------------------------------
Total operating revenue 3,823 (309,275)
------------------------------------------------------
Fuel (54,625)
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 3,054 $9 (72,472)
Maintenance
Depreciation and decommissioning (25,895)
Income taxes 327 (3) (28,917)
Property and other taxes (15,579)
------------------------------------------------------
Total operating expenses 3,381 6 (197,488)
------------------------------------------------------
Operating income 442 (6) (111,787)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 147 (5,614)
Minority interest 16,885
Taxes on nonoperating income (40) 1,794
Other - net (8) (294)
------------------------------------------------------
Total other income (deductions) - net 99 12,771
------------------------------------------------------
Income before interest and other expenses 541 (6) (99,016)
------------------------------------------------------
Interest on long-term debt (55,863)
Other interest expense (107)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net (55,970)
------------------------------------------------------
NET INCOME 541 (6) (43,046)
Retained Earnings - beginning of year 4 (12) (8,083)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $545 ($18) ($51,129)
======================================================
</TABLE>
<PAGE 497
<PAGE>
MEC International B.V.
MEC International Holdings B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
International
Holdings
B.V.
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue
Diversified operations
------------------------------------------------------
Total operating revenue
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $9
Maintenance
Depreciation and decommissioning
Income taxes (3)
Property and other taxes
------------------------------------------------------
Total operating expenses 6
------------------------------------------------------
Operating income (6)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income
Minority interest
Taxes on nonoperating income
Other - net
------------------------------------------------------
Total other income (deductions) - net
------------------------------------------------------
Income before interest and other expenses (6)
------------------------------------------------------
Interest on long-term debt
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net
------------------------------------------------------
NET INCOME (6)
Retained Earnings - beginning of year (12)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($18)
======================================================
</TABLE>
<PAGE 498>
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission Mission Edison
China Ningbo Mission
Holdings Holdings Energy
Company Company Asia
Company
============================================================================================================
ASSETS (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 15,868
------------------------------------------------------
Cash and equivalents 18
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 65
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges $1 $1 2
------------------------------------------------------
Total deferred charges 1 1 2
------------------------------------------------------
TOTAL ASSETS $1 $1 $15,935
======================================================
</TABLE>
<PAGE 499>
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $15,868
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 15,868
------------------------------------------------------
Cash and equivalents 18
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 47
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 65
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 4
------------------------------------------------------
Total deferred charges 4
------------------------------------------------------
TOTAL ASSETS $15,937
======================================================
</TABLE>
<PAGE 500>
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Mission Mission
China Ningbo Energy
Holdings Holdings Asia
Company Company Company
============================================================================================================
CAPITALIZATION AND LIABILITIES (Inactive) (Inactive)
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $14,693
Cumulative Translation Adjustments, Net
Retained earnings ($4) ($4) 1,458
------------------------------------------------------
(4) (4) 16,151
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization (4) (4) 16,151
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 7 7 (756)
Accrued taxes (2) (2) 540
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 5 5 (216)
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1 $1 $15,935
======================================================
</TABLE>
<PAGE 501>
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy
Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C>
Common shareholders' equity:
Common stock
Additional Paid in Capital $14,693
Cumulative Translation Adjustments, Net
Retained earnings 1,450
------------------------------------------------------
16,143
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt
------------------------------------------------------
Total capitalization 16,143
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable (742)
Accrued taxes 536
Accrued interest
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities (206)
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $15,937
======================================================
</TABLE>
<PAGE 502>
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission Mission Mission
China Ningbo Energy
Holdings Holdings Asia
Company Company Company
============================================================================================================
(Inactive) (Inactive)
<S> <C> <C> <C>
Electric utility revenue
Diversified operations $1,610
------------------------------------------------------
Total operating revenue 1,610
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $2 $2 685
Maintenance
Depreciation and decommissioning 1 1
Income taxes (1) (1) 222
Property and other taxes
------------------------------------------------------
Total operating expenses 2 2 907
------------------------------------------------------
Operating income (2) (2) 703
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878
Minority interest
Taxes on nonoperating income (237)
Other - net
------------------------------------------------------
Total other income (deductions) - net 641
------------------------------------------------------
Income before interest and other expenses (2) (2) 1,344
------------------------------------------------------
Interest on long-term debt
Other interest expense 105
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 105
------------------------------------------------------
NET INCOME (2) (2) 1,239
Retained Earnings - beginning of year (2) (2) 219
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($4) ($4) $1,458
======================================================
</TABLE>
PAGE 503
<PAGE>
MEC International Holdings B.V.
Edison Mission Energy Asia Company
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Edison
Mission
Energy
Asia
Consolidating Company
Adjustments Consolidated
============================================================================================================
<S> <C> <C>
Electric utility revenue
Diversified operations $1,610
------------------------------------------------------
Total operating revenue 1,610
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 689
Maintenance
Depreciation and decommissioning 2
Income taxes 220
Property and other taxes
------------------------------------------------------
Total operating expenses 911
------------------------------------------------------
Operating income 699
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 878
Minority interest
Taxes on nonoperating income (237)
Other - net
------------------------------------------------------
Total other income (deductions) - net 641
------------------------------------------------------
Income before interest and other expenses 1,340
------------------------------------------------------
Interest on long-term debt
Other interest expense 105
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 105
------------------------------------------------------
NET INCOME 1,235
Retained Earnings - beginning of year 215
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $1,450
======================================================
</TABLE>
PAGE 504
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission First First
Hydro Hydro Hydro
Limited Holdings Finance
Partnership Company plc
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $17,791 $180
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries $405,514 1,111,729 11,229
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 405,514 1,129,520 11,409
------------------------------------------------------
Cash and equivalents 48,422
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 10 26,509
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets
------------------------------------------------------
Total current assets 48,432 26,509
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges
------------------------------------------------------
Total deferred charges
------------------------------------------------------
TOTAL ASSETS $405,514 $1,177,952 $37,918
======================================================
</TABLE>
<PAGE 505>
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
First MEC
Hydro Wales Consolidating
Company B.V. Adjustments
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $736,835 $395,620
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries 10,879 (1,539,351)
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 747,714 (1,143,731)
------------------------------------------------------
Cash and equivalents 76,033 $23
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 34,127 (26,640)
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 4,160
------------------------------------------------------
Total current assets 114,320 23 (26,640)
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 36 2,251 334,479
------------------------------------------------------
Total deferred charges 36 2,251 334,479
------------------------------------------------------
TOTAL ASSETS $862,070 $2,274 ($835,892)
======================================================
</TABLE>
<PAGE 506>
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Wales
B.V.
Consolidated
============================================================================================================
ASSETS
============================================================================================================
<S> <C> <C>
Utility plant, at original cost
Less-accumulated provision for depreciation
and decommissioning
Construction work in progress
Nuclear fuel, at amortized cost
------------------------------------------------------
Total utility plant
------------------------------------------------------
Nonutility property - net of accumulated
provision for depreciation $1,150,426
Nuclear decommissioning trusts
Investments in partnerships
and unconsolidated subsidiaries
Investments in leveraged leases
Other investments
------------------------------------------------------
Total other property and investments 1,150,426
------------------------------------------------------
Cash and equivalents 124,478
Receivables, including unbilled revenue, net
of allowance for uncollectible accounts 34,006
Fuel inventory
Materials and supplies, at average cost
Accumulated deferred income taxes - net
Prepayments and other current assets 4,160
------------------------------------------------------
Total current assets 162,644
------------------------------------------------------
Unamortized debt issuance and reacquisition
expense
Rate phase-in plan
Unamortized nuclear plant--net
Income tax-related deferred charges
Other deferred charges 336,766
------------------------------------------------------
Total deferred charges 336,766
------------------------------------------------------
TOTAL ASSETS $1,649,836
======================================================
</TABLE>
PAGE 507
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission First First
Hydro Hydro Hydro
Limited Holdings Finance
Partnership Company plc
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $405,514 $181,987 $19
Additional Paid in Capital
Cumulative Translation Adjustments, Net 75,421 5,020
Retained earnings (39,300) (4,053)
------------------------------------------------------
405,514 218,108 986
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 933,361 10,879
------------------------------------------------------
Total capitalization 405,514 1,151,469 11,865
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 644 51
Accrued taxes
Accrued interest 25,839 26,002
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 26,483 26,053
------------------------------------------------------
Accumulated deferred income taxes - net
Accumulated deferred investment tax credits
Customer advances and other deferred credits
------------------------------------------------------
Total deferred credits
------------------------------------------------------
Minority interest
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $405,514 $1,177,952 $37,918
======================================================
</TABLE>
PAGE 508
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
First MEC
Hydro Wales Consolidating
Company B.V. Adjustments
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C> <C> <C>
Common shareholders' equity:
Common stock $142,467 $26 ($453,289)
Additional Paid in Capital 498,759 (498,759)
Cumulative Translation Adjustments, Net 61,074 (90,380)
Retained earnings 84,752 (193) 6,633
------------------------------------------------------
787,052 (167) (1,035,795)
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt (259,320)
------------------------------------------------------
Total capitalization 787,052 (167) (1,295,115)
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 14,086 2,596 87,600
Accrued taxes 31,173 (155)
Accrued interest 2 (26,002)
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 45,261 2,441 61,598
------------------------------------------------------
Accumulated deferred income taxes - net (1,057) 336,758
Accumulated deferred investment tax credits
Customer advances and other deferred credits 30,814
------------------------------------------------------
Total deferred credits 29,757 336,758
------------------------------------------------------
Minority interest 60,867
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $862,070 $2,274 ($835,892)
======================================================
</TABLE>
PAGE 509
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Balance Sheet
December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Wales
B.V.
Consolidated
============================================================================================================
CAPITALIZATION AND LIABILITIES
============================================================================================================
<S> <C>
Common shareholders' equity:
Common stock $276,724
Additional Paid in Capital
Cumulative Translation Adjustments, Net 51,135
Retained earnings 47,839
------------------------------------------------------
375,698
Preferred securities of subsidiaries:
Not subject to mandatory redemption
Subject to mandatory redemption
Long-term debt 684,920
------------------------------------------------------
Total capitalization 1,060,618
------------------------------------------------------
Other long-term liabilities
------------------------------------------------------
Current portion of long-term debt
and redeemable preferred stock
Short-term debt
Accounts payable 104,977
Accrued taxes 31,018
Accrued interest 25,841
Dividends payable
Regulatory balancing accounts--net
Deferred unbilled revenue and other
------------------------------------------------------
Total current liabilities 161,836
------------------------------------------------------
Accumulated deferred income taxes - net 335,701
Accumulated deferred investment tax credits
Customer advances and other deferred credits 30,814
------------------------------------------------------
Total deferred credits 366,515
------------------------------------------------------
Minority interest 60,867
------------------------------------------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,649,836
======================================================
</TABLE>
PAGE 510
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
Mission First First
Hydro Hydro Hydro
Limited Holdings Finance
Partnership Company plc
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue
Diversified operations
------------------------------------------------------
Total operating revenue
------------------------------------------------------
Fuel
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses $554 ($385)
Maintenance
Depreciation and decommissioning 7,870
Income taxes (24,775) (17,895)
Property and other taxes
------------------------------------------------------
Total operating expenses (16,351) (18,820)
------------------------------------------------------
Operating income 16,351 18,280
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 988 54,402
Minority interest (35)
Taxes on nonoperating income (326) (17,953)
Other - net
------------------------------------------------------
Total other income (deductions) - net 662 36,414
------------------------------------------------------
Income before interest and other expenses 17,013 54,694
------------------------------------------------------
Interest on long-term debt 55,843 54,413
Other interest expense
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 55,843 54,413
------------------------------------------------------
NET INCOME (38,830) 281
Retained Earnings - beginning of year (470) (4,334)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year ($39,300) ($4,053)
======================================================
</TABLE>
<PAGE 511>
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
First MEC
Hydro Wales Consolidating
Company B.V. Adjustments
============================================================================================================
<S> <C> <C> <C>
Electric utility revenue $298,548
Diversified operations
------------------------------------------------------
Total operating revenue 298,548
------------------------------------------------------
Fuel 54,625
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 66,669 $9 ($557)
Maintenance
Depreciation and decommissioning 13,421 441 3,385
Income taxes 53,175 (193) 17,106
Property and other taxes 15,579
------------------------------------------------------
Total operating expenses 203,499 257 19,934
------------------------------------------------------
Operating income 95,049 (257) (19,934)
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 3,703 (54,659)
Minority interest (29,049) 12,199
Taxes on nonoperating income (1,222) 18,038
Other - net 65
------------------------------------------------------
Total other income (deductions) - net (26,568) 65 (24,422)
------------------------------------------------------
Income before interest and other expenses 68,481 (192) (44,356)
------------------------------------------------------
Interest on long-term debt (54,393)
Other interest expense 5 (3)
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 5 (54,396)
------------------------------------------------------
NET INCOME 68,476 (192) 10,040
Retained Earnings - beginning of year 16,276 (1) (3,407)
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $84,752 ($193) $6,633
======================================================
</TABLE>
<PAGE 512>
<PAGE>
MEC International Holdings B.V.
MEC Wales B.V.
Consolidating Statements of Income and Retained Earnings
For The Year Ended December 31, 1996
(In thousands)
<TABLE>
<CAPTION>
MEC
Wales
B.V.
Consolidated
============================================================================================================
<S> <C>
Electric utility revenue $298,548
Diversified operations
------------------------------------------------------
Total operating revenue 298,548
------------------------------------------------------
Fuel 54,625
Purchased power
Provisions for regulatory adjustment
clauses - net
Other operating expenses 66,320
Maintenance
Depreciation and decommissioning 25,117
Income taxes 27,418
Property and other taxes 15,579
------------------------------------------------------
Total operating expenses 189,059
------------------------------------------------------
Operating income 109,489
------------------------------------------------------
Provision for rate phase-in plan
Allowance for equity funds used during
construction
Interest income 4,434
Minority interest (16,885)
Taxes on nonoperating income (1,463)
Other - net 65
------------------------------------------------------
Total other income (deductions) - net (13,849)
------------------------------------------------------
Income before interest and other expenses 95,640
------------------------------------------------------
Interest on long-term debt 55,863
Other interest expense 2
Allowance for borrowed funds used during
construction
Capitalized interest
Dividends on subsidiary preferred
securities
------------------------------------------------------
Total interest and other expenses - net 55,865
------------------------------------------------------
NET INCOME 39,775
Retained Earnings - beginning of year 8,064
Dividends declared on common stock
------------------------------------------------------
Retained Earnings - end of year $47,839
======================================================
</TABLE>
<PAGE 513>
EXHIBIT B
FINANCIAL DATA SCHEDULE
The following is provided for Edison International on a consolidated
basis:
Item No. Caption Heading Amount
- -------- --------------- ------
1 Total Assets $24,558,614,000
2 Total Operating Revenues $ 8,544,484,000
3 Net Income $ 716,748,000
PAGE 554
<PAGE>
EXHIBIT C
EXEMPT WHOLESALE GENERATORS [EWGs]
AND FOREIGN UTILITY COMPANIES [FUCOs]
4.01 EPZ MISSION FUNDING MU TRUST [FUCO]
Edison International
The Mission Group
Edison Capital
Edison Funding Company
Mission Funding Epsilon
Mission Funding Alpha
Mission Funding Mu
EPZ Mission Funding Mu Trust
4.02 EPZ MISSION FUNDING NU TRUST [FUCO]
Edison International
The Mission Group
Edison Capital
Edison Funding Company
Mission Funding Epsilon
Mission Funding Delta
Mission Funding Nu
EPZ Mission Funding Nu Trust
4.03 COMMONWEALTH ATLANTIC LIMITED PARTNERSHIP [EWG]
Edison International
The Mission Group
Edison Mission Energy
Hanover Energy Company
Chickahominy River Energy Corp.
Commonwealth Atlantic Limited Partnership
4.04 GORDONSVILLE ENERGY, L.P. [EWG]
Edison International
The Mission Group
Edison Mission Energy
Madison Energy Company
Gordonsville Energy, L.P.
Edison International
The Mission Group
Edison Mission Energy
Rapidan Energy Company
Gordonsville Energy, L.P.
PAGE 555
<PAGE>
4.05 BROOKLYN NAVY YARD COGENERATION PARTNERS, L.P. [EWG]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy New York, Inc.
Brooklyn Navy Yard Cogeneration Partners, L.P.
4.06 NEVADA SUN-PEAK LIMITED PARTNERSHIP [EWG]
Edison International
The Mission Group
Edison Mission Energy
Quartz Peak Energy Company
Nevada Sun-Peak Limited Partnership
4.07 IBERICA DE ENERGIAS, S.A. [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V.
Iberica de Energias, S.A.
4.08 ELECTROMETALURGICA DEL EBRO, S.A. [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hydro Energy B.V. (90%)
Iberica de Energias, S.A. (100%)
Electrometalurgica del Ebro, S.A. (91.4%)
PAGE 556
<PAGE>
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Hydro Energy B.V. (10%)
Iberica de Energias, S.A. (100%)
Electrometalurgica del Ebro, S.A. (91.4%)
4.09 HIDROELECTRICA DE OLVERA, S.A. [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica de Olvera, S.A.
4.10 HIDROELECTRICA DEL SOSSIS, S.A. [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Iberian Hy-Power Amsterdam B.V.
Hidroelectrica del Sossis, S.A.
4.11 LOY YANG B JOINT VENTURE [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Latrobe Power Pty Ltd
Mission Victoria Partnership
Latrobe Power Partnership
Loy Yang B Joint Venture
PAGE 557
<PAGE>
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Loy Yang Holdings Pty Ltd
Latrobe Power Pty Ltd
Mission Victoria Partnership
Latrobe Power Partnership
Loy Yang B Joint Venture
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Loy Yang Holdings Pty Ltd
Mission Energy Australia Ltd
Latrobe Power Partnership
Loy Yang B Joint Venture
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Loy Yang Holdings Pty Ltd
Mission Energy Ventures Australia Pty. Ltd.
Mission Victoria Partnership
Latrobe Power Partnership
Loy Yang B Joint Venture
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Loy Yang Holdings Pty Ltd
Traralgon Power Pty Ltd
Mission Victoria Partnership
Latrobe Power Partnership
Loy Yang B Joint Venture
PAGE 558
<PAGE>
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Traralgon Power Pty Ltd
Mission Victoria Partnership
Latrobe Power Partnership
Loy Yang B Joint Venture
4.12 P. T. PAITON ENERGY COMPANY [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC Indonesia B.V. (99%)
P. T. Paiton Energy Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC International Holdings B.V.
MEC Indonesia B.V. (1%)
P. T. Paiton Energy Company
4.13 ISAB ENERGY, s.r.l. [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC Priolo B.V. (99%)
ISAB Energy, s.r.l.
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC International Holdings B.V.
MEC Priolo B.V. (1%)
ISAB Energy, s.r.l.
PAGE 559
<PAGE>
4.14 FIRST HYDRO COMPANY [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Wales Company
Mission Hydro Limited Partnership [30%LP]
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Mission Energy Company (UK) Limited
Mission Hydro (UK) Limited
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Mission Energy Company (UK) Limited
Mission Hydro (UK) Limited
Mission Hydro Limited Partnership [1%GP]
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC Wales B.V. (99%)
Mission Hydro Limited Partnership [69%LP]
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC Wales B.V. (99%)
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
PAGE 560
<PAGE>
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC International Holdings B.V.
MEC Wales B.V. (1%)
Mission Hydro Limited Partnership
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC International Holdings B.V.
MEC Wales B.V. (1%)
First Hydro Holdings Company
First Hydro Finance plc
First Hydro Company
4.15 DERWENT COGENERATION LIMITED [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Mission Energy Company (UK) Limited
Derwent Cogeneration Limited
4.16 LAKELAND POWER LIMITED [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Mission Energy Company (UK) Limited
Pride Hold Limited
Lakeland Power Limited
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
Pride Hold Limited
Lakeland Power Limited
4.17 KWINANA POWER PARTNERSHIP [FUCO]
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC Perth B.V. (99%)
Kwinana Power Partnership
page 561
<PAGE>
Edison International
The Mission Group
Edison Mission Energy
Mission Energy Holdings International, Inc.
MEC International B.V.
MEC International Holdings B.V.
MEC Perth B.V. (1%)
Kwinana Power Partnership
<PAGE 562>
<TABLE> <S> <C>
<ARTICLE> OPUR3
<LEGEND>
Exhibit 27 to Edison International Form U-3A-2 for 12/31/96
</LEGEND>
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> DEC-31-1996
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 24,558,614,000
<TOTAL-OPERATING-REVENUES> 8,544,484,000
<NET-INCOME> 716,748,000
</TABLE>
