SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM U-3A-2
File No. 69-373
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
LG&E ENERGY CORP.
(Name of Company)
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of
the Public Utility Holding Company Act of 1935. In support of such claim for
exemption the following information is submitted:
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.
LG&E Energy Corp. (Company) is a public utility holding company which is
incorporated in the Commonwealth of Kentucky and located in Louisville,
Kentucky. The Company was formed in 1989 to acquire or hold stock of other
corporations providing energy related services. The company has three first-
tier subsidiaries: Louisville Gas and Electric Company (LG&E), LG&E Energy
Systems Inc. (Energy Systems), and LG&E Gas Systems Inc. (Gas Systems). The
Company is also the sole member of LG&E Energy Foundation Inc., a Kentucky non-
profit corporation. The Company became the holding company of LG&E pursuant to
a mandatory share exchange effective August 17, 1990. (Reference is made to
the Company's Annual Report on Form 10-K for the year ended December 31, 1995,
to be available after March 31, 1996, and hereby incorporated by reference, for
additional information concerning the business of the Company.)
Louisville Gas and Electric Company
LG&E is the only subsidiary of the Company that is a public utility company
under the Public Utility Holding Company Act of 1935 (the Act). LG&E's conduct
and rates in Kentucky are regulated by the Public Service Commission of
Kentucky. LG&E is incorporated in the Commonwealth of Kentucky and has its
principal executive offices in Louisville, Kentucky. LG&E's principal busi-
nesses are the generation, transmission, distribution and sale of electric
energy and the transmission, distribution and sale of natural gas in the
Louisville metropolitan area. (Reference is made to LG&E's annual report on
Form 10-K for the year ended December 31, 1995, to be available after March 31,
1996, and hereby incorporated by reference, for additional information concern-
ing the business of LG&E.)
LG&E Energy Systems Inc.
Energy Systems was incorporated in 1991 in the Commonwealth of Kentucky and has
its principal executive offices in Louisville, Kentucky. Energy Systems
indirectly owns all electric power-related non-utility business activities of
LG&E Energy Corp. Energy Systems has six wholly-owned first-tier subsidiaries:
LG&E Power Inc. (LPI); LG&E International Inc. (LII); LNGCG Inc.; LNGCL Inc;
Enertech Inc. and LG&E Home Services Inc.
LG&E Power Inc.
LPI was incorporated in Delaware in 1986 and its principal executive offices
are located in Louisville, Kentucky. LPI, through its subsidiaries, is engaged
in the development, design, construction, operation and ownership of electric
plants and cogeneration facilities in the United States and in foreign coun-
tries, and the marketing of electric power. All of the power plants and
cogeneration facilities in which LPI or its subsidiaries maintain an ownership
interest are either qualifying facilities under the Public Utility Regulatory
Policies Act, or exempt wholesale generators (EWGs) or foreign utility compa-
nies (FUCOs) under the Public Utility Holding Company Act of 1935.
The name, state of organization, location and nature of business for the direct
and indirect corporate subsidiaries of LPI are as follows (a key to the nature-
of-business and location codes follows the list):
State of Nature
Name of Organ- Loca- of Busi-
Company ization tion ness
LG&E Power Engineers
and Constructors Inc. CA (A) (A)
LG&E Power Constructors, Inc. CA (A) (B)
Ultraclean Incorporated CA (A) (C)
LG&E Power Operating
Services Inc. CA (A) (D)
LG&E Power Operations Inc. CA (A) (E)
HD/WS Corporation
(70% ownership interest) CA (A) (F)
LG&E Power 5 Incorporated CA (A) (G)
LG&E Power 6 Incorporated CA (A) (G)
LG&E Power 11 Incorporated CA (A) (G)
LG&E Southampton Incorporated CA (A) (G)
LG&E Power 12 Incorporated CA (A) (G)
LG&E Altavista Incorporated CA (A) (G)
LG&E Power 13 Incorporated CA (A) (G)
LG&E Hopewell Incorporated CA (A) (G)
LG&E Power 14 Incorporated CA (A) (C)
LG&E Power 15 Incorporated (50%) CA (A) (G)
LG&E Power 16 Incorporated CA (A) (G)
LG&E Power Roanoke Incorporated CA (A) (G)
LG&E Power 18 Incorporated CA (A) (H)
LG&E Erie Power
Partners Incorporated CA (A) (G)
LG&E Power 21 Incorporated CA (A) (G)
LG&E Power 21 Wind Incorporated CA (A) (G)
LG&E Power 22 Incorporated CA (A) (H)
LG&E Power 25 Incorporated DE (A) (G)
LG&E Power 26 Incorporated DE (A) (G)
LG&E Power 29 Incorporated CA (A) (G)
LG&E Power 31 Incorporated CA (A) (G)
LG&E Power 31 Wind Incorporated CA (A) (G)
Ultrasystems Construction Co., Inc. CA (A) (I)
LG&E Power Development Inc. CA (B) (J)
LG&E Power Marketing Inc. CA (B) (K)(G)
LG&E Power 15 Incorporated (50%) CA (A) (G)
American Power Incorporated CA (A) (H)
Key to LPI nature-of-business codes:
A) Engineering and project management
B) Construction
C) Inactive
D) Power facilities management and operation
E) Power project ownership, management and development
F) Holding company for ash disposal activities (inactive)
G) Owner of investment in power facility/facilities
H) Owner of investment in power facility/facilities (inactive)
I) Construction (inactive)
J) Power project development
K) Power marketing and brokering
Key to LPI location codes:
A) Costa Mesa, CA.
B) Fairfax, VA.
LG&E International Inc.
LG&E International Inc. (LII), incorporated in 1993, is a Delaware corporation
with its principal executive offices located in Louisville, Kentucky. LII was
formed to own and manage the Company's international business activities.
The name, state or country of organization, location and nature of business for
the direct subsidiaries of LII are as follows (a key to the nature-of-business
codes follows the list):
State or
Coun-
try of Nature
Name of Organ- Loca- of Busi-
Company ization tion ness
LG&E Mendoza Services Inc. Cayman Cayman (A)
Islands Islands
LG&E Power Venezuela I, Inc. Cayman Cayman (A)
Islands Islands
LG&E Power Argentina I, Inc. DE Fairfax, (B)
VA
LG&E Power Spain Inc. DE Fairfax, (B)
VA
Key to LII nature-of-business codes:
A) Owner of investment in power facility/facilities (inactive)
B) Owner of investment in power facility/facilities (active)
LNGCG Inc./LNGCL Inc.
LNGCG Inc. (LNGCG) and LNGCL Inc. (LNGCL) are Delaware corporations incorporat-
ed in 1992 with principal executive offices located in Wilmington, Delaware.
LNGCG and LNGCL are the general and limited partners, respectively, of each of
LG&E Gas Marketing, L.P. and LG&E Gas Marketing II, L.P. (Partnerships). In
1992, the Partnerships acquired an approximate aggregate 36.5% ownership
interest in Natural Gas Clearinghouse, a Colorado general partnership (NGC),
with its principal executive offices located in Houston, Texas. At that time,
NGC was engaged primarily in the marketing of natural gas products. The
Partnerships sold their interests in NGC in January 1994.
Enertech Inc.
Enertech Inc. (Enertech) was incorporated in December 1995 in Kentucky and has
its principal executive offices in Louisville, Kentucky. Enertech plans to
offer engineering, energy management and consulting services, and to develop
and implement efficient uses of electro-technologies.
LG&E Home Services Inc.
LG&E Home Services Inc. (Home Services) was incorporated in January 1996 and
has its principal executive offices in Louisville, Kentucky. Home Services
will provide home appliance repair services to customers in the Louisville,
Kentucky, metropolitan area.
LG&E Gas Systems Inc.
Gas Systems was incorporated in January 1995 in Delaware and has its principal
executive offices in Louisville, Kentucky. Gas Systems is a holding company
for all of the Company's non-utility gas marketing, gathering, processing,
storage and transportation activities. Gas Systems has one wholly-owned first-
tier subsidiary, LG&E Natural Inc. (LG&E Natural) (formerly known as Hadson
Corporation).
LG&E Natural Inc.
LG&E Natural was incorporated in 1980 in Delaware and has its principal
executive offices in Dallas, Texas. LG&E Natural, through its subsidiaries,
is involved in the marketing, gathering, processing, storage and transportation
of natural gas and natural gas liquids. LG&E Natural has fourteen wholly-owned
first-tier subsidiaries.
The name, state or country of organization, location and nature of business for
the subsidiaries of LG&E Natural, all of which are wholly-owned, are as follows
(a key to the nature-of business codes follows the list):
State or
Coun-
try of Nature
Name of Organ- Loca- of Busi-
Company ization tion ness
HD Energy Corporation DE Dallas, TX (D)
NuHPI, Inc. DE Dallas, TX (D)
Ultrapower Biomass
Fuel Corporation CA Dallas, TX (D)
Hadson Power Live
Oak Incorporated CA Dallas, TX (D)
Ultrafuels Incorporated CA Dallas, TX (D)
Ultrafuels 1 Incorporated CA Dallas, TX (D)
Hadson Ecuador, Inc. OK Dallas, TX (D)
Hadson Financial Corporation DE Dallas, TX (E)
Hadson Gas Co. DE Dallas, TX (G)
Hadson Gas Gathering and Processing NM Dallas, TX (C)
Hadson Gas Marketing Co. DE Dallas, TX (A)
Hadson Gas Systems, Inc. OK Dallas, TX (A)
Hadson Gas Transmission Co. DE Dallas, TX (F)
Hadson Industrial Sales Co. DE Dallas, TX (F)
Llano, Inc. NM Dallas, TX (B)
NMESCO Fuels, Inc. NM Dallas, TX (A)
Ultrasystems Small Power,
Incorporated CA Dallas, TX (D)
Ultrasystems Small Power 1,
Incorporated CA Dallas, TX (D)
Western Natural Gas &
Transmission Corp. CO Dallas, TX (A)
Hadson Fuels, Inc. OK Dallas, TX (D)
Triple T Services, Inc. OK Dallas, TX (D)
Hadson Canada, Inc. Canada Dallas, TX (A)
Key to Hadson nature-of-business codes:
A) Gas marketing entity
B) Gas transmission entity
C) Gas gathering, processing and marketing entity
D) Inactive
E) Provides management services
F) Owner of investment in joint venture that either gathers or transports and
markets gas
G) Owner of investment in Power-Tex joint venture which transports and markets
natural gas
2. A brief description of the properties of claimant and each of its subsid-
iary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmis-
sion, 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 facili-
ties, including all such properties which are outside the State in which
claimant and its subsidiaries are organized and all transmission or pipe-
lines which deliver or receive electric energy or gas at the borders of
such State.
The Company is not a "public utility company" as that term is defined in 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 the Company's
subsidiaries, other than LG&E, is a public utility company.
At December 31, 1995, LG&E owned and operated the following electric generating
stations, all of which are located in Kentucky:
Year in Capability
Service Rating
Steam Stations:
Mill Creek - Kosmosdale, KY
Unit 1 1972 303,000
Unit 2 1974 301,000
Unit 3 1978 386,000
Unit 4 1982 480,000
Total Mill Creek 1,470,000
Cane Run - Louisville, KY
Unit 4 1962 155,000
Unit 5 1966 168,000
Unit 6 1969 240,000
Total Cane Run 563,000
Trimble County - Bedford, KY
Unit 1 1990 (1) 371,000
Combustion Turbine Generators
(peaking capability):
Zorn 1969 16,000
Paddy's Run 1968 43,000
Cane Run 1968 16,000
Waterside 1964 33,000
Total combustion turbine generators 108,000
Total capability rating 2,512,000
1) Amount shown represents LG&E's 75 percent interest in the unit. In
February 1991, LG&E completed a sale to the Illinois Municipal Electric
Agency (IMEA) of a 12.12% (approximately 60 megawatts) undivided interest
in the unit. In February 1993, LG&E sold 12.88% (approximately 64
megawatts) of its interest in the unit to the Indiana Municipal Power
Agency (IMPA). LG&E is responsible for operation of the unit and is
reimbursed by IMEA and IMPA for expenditures related to the unit based on
each of IMEA's and IMPA's proportionate share of ownership interest.
LG&E's Ohio Falls Station, an 80 Mw hydroelectric generating station located in
Louisville, is operated under license issued by the Federal Energy Regulatory
Commission.
At December 31, 1995, LG&E's electric transmission system included 19 substa-
tions with a total capacity of approximately 10,130,897 Kva and approximately
568 structure miles of lines. The electric distribution system included 82
substations with a total capacity of approximately 3,193,127 Kva, 3,507
structure miles of overhead lines, 233 miles of underground conduit, and 5,380
miles of underground conductors. All of these facilities are located in
Kentucky. LG&E's electric transmission system also includes approximately 83
structure miles of high voltage transmission lines in Indiana, providing
transmission service between points within the LG&E system and between LG&E and
neighboring utilities, and two substations with a capacity of 896,000 Kva
located in Indiana.
LG&E's gas transmission system includes 177 miles of transmission mains, and
the gas distribution system includes 3,466 miles of distribution mains, all of
which are located in Louisville and surrounding counties in Kentucky.
LG&E operates five underground gas storage facilities with a current working
gas capacity of approximately 14.6 million Mcf. Four of these facilities are
located entirely within Kentucky and the fifth facility extends under the Ohio
River between Kentucky and Indiana.
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.
Company LG&E
KWH None 12,466,603,038
MCF None 53,980,265
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.
Company LG&E
KWH None None
MCF None 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 orga-
nized, or at the State line.
Company LG&E
KWH None 1,393,572,000
MCF None None
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.
Company LG&E
KWH None 324,208,000
MCF None None
Attached as Exhibit A are the consolidating balance sheets as of December 31,
1995, and consolidating income statements and consolidating statements of
retained earnings for the twelve months ended December 31, 1995, for LG&E
Energy Corp. and its subsidiaries. These statements exclude those subsidiaries
that do not have any assets or liabilities.
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.
1. LG&E Power Generation, L.P. - LG&E Power Generation, L.P. (Power Genera-
tion) is a California limited partnership with its principal executive
offices located at 12500 Fair Lakes Circle, Fairfax, Virginia 22023. Power
Generation received EWG status on October 18, 1993. Power Generation is
inactive and currently does not use any facilities for the generation,
transmission and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas. Power Generation is
scheduled to be voluntarily dissolved sometime in 1996.
2. LG&E Power Marketing Inc. - LG&E Power Marketing Inc. (Power Marketing) is
a California corporation with its principal executive offices located at
12500 Fair Lakes Circle, Fairfax, Virginia 22023. Power Marketing received
EWG status on April 19, 1994. Power Marketing owns a 50% interest in LG&E
Power 15 Incorporated, which is a 50% owner of LG&E-Westmoreland Rens-
selaer, a general partnership which owns a 79 megawatt gas-fired combined
cycle qualifying cogeneration facility located in Rensselaer, New York
(Rensselaer), at 39 Riverside Avenue, Rensselaer, New York 12144. Power
Marketing therefore owns a 25% interest in Rensselaer. Rensselaer, which
received qualifying facility status in 1991 and was recertified in 1993,
sells power exclusively at wholesale to Niagara Mohawk Power Corporation
under a long-term power purchase agreement executed in December 1987.
Rensselaer obtained EWG status on March 2, 1995 (see below). Power Market-
ing is engaged directly and exclusively in the business of owning a part of
Rensselaer, and selling at wholesale electric energy provided by Rensselaer
and other sources not owned by Power Marketing.
3. Westmoreland-LG&E Partners - Westmoreland-LG&E Partners (WLP) is a Virginia
general partnership with its principal executive offices located at Highway
158 and Railroad Street, Weldon, North Carolina 27890. WLP received EWG
status on August 16, 1993. WLP owns two power generation facilities:
Roanoke Valley I (ROVA I) and Roanoke Valley II (ROVA II). ROVA I is a
pulverized coal-fired cogeneration facility, consisting of a boiler and
extraction/condensing steam turbine generator with a net power production
capacity of approximately 165 MW in the summer and 167 MW in the winter,
and a transmission line of less than 100 yards in length. ROVA I is
located in Weldon Township, near Roanoke Rapids, North Carolina, at the
address listed above. ROVA II is located adjacent to ROVA I, and is also a
pulverized coal-fired cogeneration facility, consisting of a boiler and
extraction/condensing steam turbine generator with a net power production
capacity of approximately 44 MW in the summer and 45 MW in the winter. WLP
is engaged directly and exclusively in the business of owning or operating,
or both owning and operating, all or part of the ROVA I and ROVA II facili-
ties and selling electricity at wholesale to Virginia Electric and Power
Company (operating as North Carolina Power), and thermal energy to a steam
host adjacent to the facilities. ROVA I was a qualifying facility under
the Public Utility Regulatory Policies Act (PURPA) prior to 1995 but ROVA
II is a qualifying facility and WLP intends to maintain such status for
ROVA II. WLP terminated its QF status for ROVA I in January 1995.
4. LG&E-Westmoreland Rensselaer - LG&E-Westmoreland Rensselaer (Rensselaer) is
a California general partnership with its principal executive offices
located at 39 Riverside Avenue, Rensselaer, New York 12144. Rensselaer
received EWG status on March 2, 1995. Rensselaer owns a gas-fired combined
cycle qualifying cogeneration facility located in Rensselaer, New York
which consists of a combustion turbine generator, heat recovery steam
generator, and extraction/condensing steam turbine generator with a net
power production capacity of approximately 79 MW, and a transmission line
of approximately six miles in length. Rensselaer is engaged directly and
exclusively in the business of owning or operating, or both owning and
operating, all or part of the facility and selling electricity at wholesale
to Niagara Mohawk Power Corporation, and thermal energy to a steam host
adjacent to the facility. The facility is also a qualifying facility under
the Public Utility Regulatory Policies Act (PURPA).
5. LG&E-Westmoreland Altavista - LG&E-Westmoreland Altavista (Altavista) is a
California general partnership with its principal executive offices located
at Route 1, 104 Wood Lane, Altavista, Virginia 24517-1450. Altavista
received EWG status on March 2, 1995. Altavista owns a primarily coal-fired
qualifying cogeneration facility located in Altavista, Virginia which
consists of a boiler and extraction/condensing steam turbine generator with
a net power production capacity of approximately 62.7 MW, and a transmis-
sion line of less than 100 yards in length. Altavista is engaged directly
and exclusively in the business of owning or operating, or both owning and
operating, all or part of the facility and selling electricity at wholesale
to Virginia Electric and Power Company, and thermal energy to a steam host
adjacent to the facility. The facility is also a qualifying facility under
PURPA.
6. LG&E-Westmoreland Hopewell - LG&E-Westmoreland Hopewell (Hopewell) is a
California general partnership with its principal executive offices located
at 107 Terminal Street, Hopewell, Virginia 23860-7813. Hopewell received
EWG status on March 2, 1995. Hopewell owns a primarily coal-fired qualify-
ing cogeneration facility located in Hopewell, Virginia which consists of a
boiler and extraction/condensing steam turbine generator with a net power
production capacity of approximately 62.7 MW, and a transmission line of
less than 100 yards in length. Hopewell is engaged directly and exclusively
in the business of owning or operating, or both owning and operating, all
or part of the facility and selling electricity at wholesale to Virginia
Electric and Power Company, and thermal energy to a steam host adjacent to
the facility. The facility is also a qualifying facility under PURPA.
7. LG&E-Westmoreland Southampton - LG&E-Westmoreland Southampton (Southampton)
is a California general partnership with its principal executive offices
located at 30134 General Thomas Hwy., Franklin, Virginia 23851. Southampton
received EWG status on March 2, 1995. Southampton owns a primarily coal-
fired qualifying cogeneration facility located in Franklin, Virginia which
consists of a boiler and extraction/condensing steam turbine generator with
a net power production capacity of approximately 62.7 MW, and a transmis-
sion line of less than 100 yards in length. Southampton is engaged directly
and exclusively in the business of owning or operating, or both owning and
operating, all or part of the facility and selling electricity at wholesale
to Virginia Electric and Power Company, and thermal energy to a steam host
adjacent to the facility. The facility is also a qualifying facility under
PURPA.
8. KW Tarifa, S.A. - KW Tarifa, S.A. (Tarifa) is a Spanish sociedad anomina
with its principal executive offices at Raimundo Fernandez Villaverde, No.
65, Madrid, Spain. Tarifa filed its Form U-57 with the Securities and
Exchange Commission (SEC) to claim foreign utility company (FUCO) status on
July 10, 1995. Tarifa's sole purpose is to own and operate a 30 MW wind-
plant facility in Tarifa, Spain. The facility is an electrical generating
facility which uses wind as the power source. The facility interconnects
with the transmission facilities of Compania Seveillana de Electricidad, a
regional generation and distribution company.
9. Central Termica San Miguel de Tucuman, S.A. - Central Termica San Miguel de
Tucuman, S.A. (San Miguel) is an Argentinean sociedad anomina with its
principal executive offices at Reconquesta, 1001, Buenos Aires, Argentina.
San Miguel filed its Form U-57 with the SEC to claim FUCO status on March
3, 1995. San Miguel's sole purpose is to own and operate a 115 MW simple
cycle natural gas combustion turbine and associated electrical and natural
gas interconnection equipment located in Tucuman Province, Argentina. The
facility interconnects with the national transmission grid at a substation
located on an adjacent parcel of land.
10. LG&E Power Operating Services Inc. - LG&E Power Operating Services Inc.
(LPOS) is a California corporation with its principal executive offices
located at 12500 Fair Lakes Circle, Suite 350, Fairfax, Virginia 22033.
LPOS received EWG status on October 12, 1995. LPOS is engaged, either
directly or through a PUHCA Section 2(a)(11)(B) affiliate, solely in the
business of operating Eligible Facilities, as defined in the Energy Policy
Act of 1992, pursuant to facility operating agreements, including the
facilities set forth below.
Project Electricity Purchaser
LG&E-Westmoreland Rensselaer Niagara Mohawk Power Corp.
Westmoreland-LG&E Partners - ROVA I Virginia Electric & Power
Westmoreland-LG&E Partners - ROVA II Virginia Electric & Power
LG&E-Westmoreland Southampton Virginia Electric & Power
LG&E-Westmoreland Hopewell Virginia Electric & Power
LG&E-Westmoreland Altavista Virginia Electric & Power
All of the electric energy generated by the Eligible Facilities is sold at
wholesale within the United States, and no retail sales of electricity have
been or will be made from such facilities.
b) Name of each system company that holds an interest in such EWG or foreign
utility company; and description of the interest held.
1. Power Generation - Power Generation is a California limited partnership,
the general partner of which is LG&E Power 23 Incorporated (Power 23), a
California corporation, and the limited partner of which is LG&E Power
Generation Limited Inc. (Generation Limited), a California corporation.
The general and limited partners are wholly-owned subsidiaries of LG&E
Power Operations Inc. (Power Operations), a California corporation that is
a wholly owned subsidiary of LPI. Due to the inactive nature of Power
Generation, Power 23 and Generation Limited have been dissolved, and Power
Generation is scheduled to be voluntarily dissolved in 1996.
2. Power Marketing - Power Marketing is a direct wholly-owned subsidiary of
LG&E Power Development Inc., a California corporation, which is a direct
wholly-owned subsidiary of LPI.
3. Westmoreland-LG&E Partners - Westmoreland-LG&E Partners is a Virginia
general partnership which is 50% owned by LG&E Roanoke Valley L.P. (Roanoke
Valley), a California limited partnership. The general partner of Roanoke
Valley is LG&E Power 16 Incorporated (Power 16), a California corporation.
The limited partner of Roanoke Valley is LG&E Power Roanoke Incorporated
(Power Roanoke), a California corporation. Both Power 16 and Power Roanoke
are direct wholly-owned subsidiaries of Power Operations, which is a direct
wholly-owned subsidiary of LPI.
4. Rensselaer - Rensselaer is a California general partnership, the general
partners of which are LG&E Power 15 Incorporated (Power 15) and West-
moreland Rensselaer L.P., each of which is a 50% general partner. Power 15
is 50% owned by Power Marketing and 50% owned by Power Operations.
Westmoreland Rensselaer L.P. is an affiliate of Westmoreland Energy, Inc.
5. Altavista - Altavista is a California general partnership, the general
partners of which are LG&E Power 12 Incorporated (Power 12), LG&E Altavista
L.P. and Westpower-Altavista L.P. Power 12 is a 45% general partner, LG&E
Altavista L.P. is a 25% general partner, and Westpower-Altavista L.P. is a
30% general partner of Altavista. Power 12 is a direct wholly-owned
subsidiary of Power Operations. LG&E Altavista Incorporated, a direct
wholly-owned subsidiary of Power Operations, is a 20% general partner of
LG&E Altavista L.P., and Fourfold Cogeneration Corporation, an affiliate of
Chrysler Financial Corp. is an 80% limited partner of LG&E Altavista L.P.
Westpower-Altavista L.P. is an affiliate of Westmoreland Energy, Inc.
6. Hopewell - Hopewell is a California general partnership, the general
partners of which are LG&E Power 13 Incorporated (Power 13), LG&E Hopewell
L.P. and Westpower-Hopewell L.P. Power 13 is a 45% general partner, LG&E
Hopewell L.P. is a 25% general partner, and Westpower-Hopewell L.P. is a
30% general partner of Hopewell. Power 13 is a direct wholly-owned
subsidiary of Power Operations. LG&E Hopewell Incorporated, a direct
wholly-owned subsidiary of Power Operations, is a 20% general partner of
LG&E Hopewell L.P., and Fourfold Cogeneration Corporation, an affiliate of
Chrysler Financial Corp. is an 80% limited partner of LG&E Hopewell L.P.
Westpower-Hopewell L.P. is an affiliate of Westmoreland Energy, Inc.
7. Southampton - Southampton is a California general partnership, the general
partners of which are LG&E Power 11 Incorporated (Power 11), LG&E Southamp-
ton L.P. and Westpower-Franklin L.P. Power 11 is a 45% general partner,
LG&E Southampton L.P. is a 25% general partner, and Westpower-Franklin L.P.
is a 30% general partner of Southampton. Power 11 is a direct, wholly-
owned subsidiary of Power Operations. LG&E Southampton Incorporated, a
direct, wholly-owned subsidiary of Power Operations, is a 20% general
partner of LG&E Southampton L.P., and Fourfold Cogeneration Corporation, an
affiliate of Chrysler Financial Corp. is an 80% limited partner of LG&E
Southampton L.P. Westpower-Franklin L.P. is an affiliate of Westmoreland
Energy, Inc.
8. Tarifa - Tarifa is a Spanish sociedad anomina. LG&E Power Spain Inc.
(Power Spain) owns 44% of the shares of Tarifa. Kenetech International
Limited, a Delaware corporation and wholly-owned subsidiary of KENETECH
Corporation, owns 4% of Tarifa's outstanding shares. Torreal S.A., a
Spanish sociedad anomina, owns 22.5% of Tarifa's outstanding shares, and
Inversiones Europa-Ineuropa, a Spanish sociedad anomina, also owns 22.5% of
Tarifa. Nuienerg, S.A., a Spanish sociedad anomina, owns 7% of the shares
of Tarifa. Power Spain is a direct, wholly-owned subsidiary of LG&E
International Inc., which is a direct, wholly-owned subsidiary of Energy
Systems.
9. Central Termica San Miguel de Tucuman, S.A. - San Miguel is an Argentine-
an sociedad anomina whose shares are one-third owned by each of (i) Sideco
Americana, S.A., an Argentinean sociedad anomina, (ii) COE Development
Corporation, a wholly-owned subsidiary of Charter Oak Energy, Inc., and
(iii) LG&E Power Argentina I, Inc. (Power Argentina). Power Argentina is a
direct, wholly-owned subsidiary of LG&E International Inc., which is a
direct, wholly-owned subsidiary of Energy Systems.
10. LPOS - LPOS is a California corporation and a direct, wholly-owned
subsidiary of LPI.
An organizational chart showing the ownership of each EWG and the relationship
of each EWG to the associate companies and the holding company system is
included as Exhibit C hereto.
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.
1. Power Generation - Initial capitalization of $1,000.
2. Power Marketing - Paid-in capital of $2,695,000.
3. Westmoreland-LG&E Partners - Paid-in capital (net of distributions re-
ceived) of $20,455,000.
In connection with the financing of various power projects, Energy Systems
and LPI provide equity funding commitments and guarantee the construction
and performance of the projects. Ascertainable equity funding commitments
were immaterial at December 31, 1995. Contingent construction and project
performance guarantees totaled approximately $12.3 million at December 31,
1995.
Westmoreland Energy, Inc. (WEI) is a partner along with LPI in six cogen-
eration projects. Under an agreement signed on April 15, 1993, Energy
Systems guaranteed (in exchange for fees and other consideration) the
equity funding commitment of WEI in connection with the Roanoke Valley I,
Roanoke Valley II and Rensselaer projects. In connection with that
guarantee, WEI agreed to reimburse Energy Systems in the event it were ever
required to perform thereunder, and WEI pledged certain of its assets to
Energy Systems to secure that reimbursement obligation. Equity commitments
for these projects were funded in late 1994 and 1995. There are no
outstanding commitments resulting from Energy Systems' guarantee commit-
ment, and the parties have agreed to terminate the WEI reimbursement
obligation and related security interests.
At December 31, 1995, Energy Systems had lines of credit in place totaling
$200 million, for which it pays commitment or facility fees. $47 million
of these lines were used at December 31, 1995. The credit lines are
scheduled to expire at various points in time from 1996 through 2000.
Management expects to renegotiate these lines when they expire.
The lenders under the credit facilities for Energy Systems are entitled to
the benefits of a Support Agreement with LG&E Energy Corp. The Support
Agreement states, in substance, that LG&E Energy Corp. will provide Energy
Systems with the necessary funds and financial support to meet its obliga-
tions under the credit facilities.
4. Rensselaer - Paid-in capital (net of distributions received) of $8,675,000.
In connection with the financing of various power projects, Energy Systems
and LPI provide equity funding commitments and guarantee the construction
and performance of the projects. Ascertainable equity funding commitments
were immaterial at December 31, 1995. Contingent construction and project
performance guarantees totaled approximately $12.3 million at December 31,
1995.
Westmoreland Energy, Inc. (WEI) is a partner along with LPI in six cogen-
eration projects. Under an agreement signed on April 15, 1993, Energy
Systems guaranteed (in exchange for fees and other consideration) the
equity funding commitment of WEI in connection with the Roanoke Valley I,
Roanoke Valley II and Rensselaer projects. In connection with that
guarantee, WEI agreed to reimburse Energy Systems in the event it were ever
required to perform thereunder, and WEI pledged certain of its assets to
Energy Systems to secure that reimbursement obligation. Equity commitments
for these projects were funded in late 1994 and 1995. There are no
outstanding commitments resulting from Energy Systems' guarantee commit-
ment, and the parties have agreed to terminate the WEI reimbursement
obligation and related security interests.
At December 31, 1995, Energy Systems had lines of credit in place totaling
$200 million, for which it pays commitment or facility fees. $47 million
of these lines were used at December 31, 1995. The credit lines are
scheduled to expire at various points in time from 1996 through 2000.
Management expects to renegotiate these lines when they expire.
The lenders under the credit facilities for Energy Systems are entitled to
the benefits of a Support Agreement with LG&E Energy Corp. The Support
Agreement states, in substance, that LG&E Energy Corp. will provide Energy
Systems with the necessary funds and financial support to meet its obliga-
tions under the credit facilities.
5. Altavista - Paid-in capital (net of distributions received) of $1,880,000.
6. Hopewell - Paid-in capital (net of distributions received) of $1,760,000.
7. Southampton - Paid-in capital (net of distributions received) of
$9,535,000.
8. Tarifa - Paid-in capital of $4,500,000.
9. San Miguel - Paid-in capital of $18,289,000.
10. LPOS - Initialization capitalization of $2,000.
d) Capitalization and earnings of the EWG or foreign utility company during
the reporting period.
1. Power Generation
Initial capitalization of $1,000; no earnings.
2. Power Marketing
The following sets forth Power Marketing's capitalization and earnings:
Capitalization $2,383,000
Earnings (loss) (71,000)
3. Westmoreland-LG&E Partners
The following sets forth capitalization and earnings related to the 50%
ownership of WLP attributable to Roanoke Valley:
Capitalization $28,248,000
Earnings 6,655,000
4. Rensselaer
The following sets forth capitalization and earnings related to the 50%
ownership of Rensselaer attributable to Power 15:
Capitalization $10,580,000
Earnings 1,402,000
5. Altavista
The following sets forth capitalization and earnings related to the 50%
ownership of Altavista attributable to Power 12 and LG&E Altavista Incorpo-
rated:
Capitalization $11,010,000
Earnings 2,744,000
6. Hopewell
The following sets forth capitalization and earnings related to the 50%
ownership of Hopewell attributable to Power 13 and LG&E Hopewell Incorpo-
rated:
Capitalization $10,074,000
Earnings 2,682,000
7. Southampton
The following sets forth capitalization and earnings related to the 50%
ownership of Southampton attributable to Power 11 and LG&E Southampton
Incorporated:
Capitalization $13,310,000
Earnings 1,260,000
8. Tarifa
The following sets forth capitalization and earnings related to the 45%
ownership of Tarifa attributable to Power Spain:
Capitalization $3,924,000
Earnings (loss) (576,000)
9. San Miguel
The following sets forth capitalization and earnings related to the 33%
ownership of San Miguel attributable to Power Argentina:
Capitalization $18,289,000
Earnings -
10. LPOS
The following sets forth LPOS's capitalization and earnings:
Capitalization $3,525,000
Earnings 321,000
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).
1. Power Generation - None.
2. Power Marketing - The following contracts exist between Power Marketing and
system companies:
a) In May 1994, Power Marketing entered into an Electricity Brokerage Agree-
ment and a Dispatching Services Agreement with the Company's public utility
subsidiary, LG&E. Under the terms of the Electricity Brokerage Agreement,
Power Marketing is obligated to use its reasonable best efforts to broker
excess power generated by LG&E for off-system sales and broker power LG&E
desires to purchase, for no charge, at such times as LG&E requests such
services. However, LG&E has no obligation under the Agreement to permit
Power Marketing to broker its power.
b) Under the terms of the Dispatching Services Agreement (which was amended in
November 1995), LG&E performs, on a nonexclusive basis, power dispatching
and scheduling services, short-term marketing, accounting of power movement
and transmission coordination service for the benefit of Power Marketing.
LG&E is not obligated to secure generators, purchasers or sellers of power,
or to perform any wheeling or transmission services for Power Marketing.
LG&E's obligation to provide the above-mentioned services is also qualified
by 1) its prior right to use its facilities to serve its native-load
customers or other persons or entities pursuant to any agreements existing
prior to the execution of the Dispatching Services Agreement, 2) any
capacity restraints imposed on its dispatching facilities, and 3) regulato-
ry impediments. Further, LG&E has no obligation to expand its existing
facilities to perform the services described above, and the non-exclusive
nature of the agreement permits LG&E to provide similar services for any
other persons or entities. Power Marketing pays a fee for such services
based upon a formula designed to ensure that LG&E is reimbursed its cost of
providing the services, plus 10%. However, this fee calculation is based
on Power Marketing's gross margins in the case of Tennessee Valley Authori-
ty power that is purchased and resold by Power Marketing.
c) Power Marketing and LG&E entered into a Coal Contract Administration
Agreement, dated December 15, 1995 (the "Agreement"), under which LG&E
negotiates and administers a coal contract between Ohio Edison Company and
Power Marketing ("Coal Contract") and a Coal Transportation Contract
between Crounse Corporation and Power Marketing. Under the Agreement, LG&E
negotiates coal contracts, reviews invoices, arranges for payments to be
made to the supplier under the Coal Contract, schedules loading and barge
handling, delivers coal and coordinates the sampling of coal (the "Servic-
es"). In consideration for the Services, Power Marketing pays to LG&E a
fee equal to (i) the sum of all "Direct Costs" incurred by LG&E during each
calendar month of the contract term, multiplied by 110%, plus (ii) all
"Third Party Charges" incurred by LG&E during such calendar month reim-
bursed at cost. The Agreement expires on December 31, 1996.
d) Various departments within LPI, including Legal and Finance, perform
services for Power Marketing from time to time on a time and materials
reimbursement basis for selected tasks which are not provided pursuant to
the agreements described above.
3. Westmoreland-LG&E Partners - The following contracts exist between WLP and
system companies related to the ROVA I and ROVA II facilities:
a) LPOS has performed and will perform operational activities for the facili-
ties pursuant to that certain Amended and Restated Facility Operating
Agreement dated as of December 1, 1993, between WLP and LPOS (as successor
to UC Operating Services) (the Operating Contract). LPOS is a wholly-owned
subsidiary of LPI. Under the terms of the Operating Contract, LPOS re-
ceives a separate management fee for each of ROVA I and ROVA II, each of
which is adjusted annually for inflation.
b) LG&E Power Engineers and Constructors Inc. (E&C), LG&E Power Constructors
Inc. and LG&E Engineering N.C., P.C. (together, the Constructors) has
performed construction and engineering services at ROVA I pursuant to that
certain Contract for Engineering, Procurement and Construction Services
dated as of January 16, 1991, as amended, between E&C and WLP, and has
performed construction and engineering services at ROVA II pursuant to that
certain Contract for Engineering, Procurement and Construction Services
dated as of December 1, 1993, as amended, between WLP and the Constructors.
E&C is a wholly-owned subsidiary of LPI, and LG&E Power Constructors is a
wholly-owned subsidiary of E&C. LG&E Engineering N.C., P.C. is an engi-
neering services corporation whose shareholders are employees of E&C and
its affiliates.
Under the terms of the contracts referred to above, Constructors received a
fixed price fee for construction of each of ROVA I and ROVA II, plus
incentives for meeting certain construction deadlines and penalties for
failure to meet other deadlines.
c) LG&E Power Operations Inc. (LPO) has performed and will perform certain
venture management services for WLP pursuant to that Amended and Restated
Venture Management Agreement dated as of December 1, 1993 (the Venture
Management Agreement) between LPO, Westmoreland Energy, Inc. and WLP. LPO
is a wholly owned subsidiary of LPI.
Under the terms of the Venture Management Agreement, WLP pays to LPO and
WEI a fixed operational venture management fee, which will be a yearly
estimate of the costs of approved services and expenses of performing such
services, including wages and salaries, overhead and general administrative
costs, and materials, supplies and administrative costs.
LPO also performs accounting services for WLP on a time and materials
reimbursement basis, pursuant to the Venture Management Agreement. LPO
subcontracts those accounting services to LPI's Venture Management Depart-
ment.
d) Various departments within LPI, including Legal and Finance, perform
services to WLP from time to time, on a time and materials reimbursement
basis for selected tasks which are not provided pursuant to the agreements
described above.
4. Rensselaer - The following contracts exist between Rensselaer and system
companies related to the Rensselaer facility:
a) Under the Amended and Restated Facility Operating Agreement, dated June 15,
1992, between LPOS (as successor to UC Operating Services) and Rensselaer,
Rensselaer pays to LPOS a management fee for the provision of such opera-
tional activities, as well as reimbursement of certain reasonable costs and
expenses. Specifically, in addition to reimbursement of certain direct
materials and service costs, Rensselaer pays to LPOS a fee under each
agreement in an amount equal to a percentage of the total amount reimburs-
able for: 1) wages, salaries and bonuses paid for wages and salaries, plus
a percentage of such compensation for the cost of payroll insurance, taxes,
holidays, vacation, etc., with such amount to be adjusted each year during
the 25 year term of the agreement to reflect statutory and other actual
changes in employee benefits or the cost thereof; and (ii) a specified
percentage of the amount reimbursable under (i) above.
b) Under the Amended and Restated Contract for Engineering, Procurement and
Construction Services, dated June 15, 1992, by and among Ultrasystems
Engineers and Constructors, Incorporated (n/k/a LG&E Power Engineers and
Constructors Inc. (E&C), UEC Engineering N.Y., P.C. (n/k/a LG&E Power
Engineering N.Y., P.C.) (NYPC), and Rensselaer, Rensselaer paid a fixed
contract price to E&C for engineering and construction services rendered.
E&C then paid to NYPC costs and expenses actually incurred, which were
calculated on a time and materials basis. The contract has been fully
performed by all parties thereto, and all applicable warranty periods have
expired.
c) LPO performs various venture management services for Rensselaer pursuant to
the Amended and Restated Venture Management Agreement dated August 20, 1995
(the Venture Management Agreement) between LPO, Westmoreland Energy, Inc.
and Rensselaer. Under the terms of the Venture Management Agreement,
Rensselaer pays to LPO and WEI a fixed operational venture management fee,
which will be a yearly estimate of the costs of approved services and
expenses of performing such services, including wages and salaries,
overhead and general administrative costs.
LPO also performs accounting services for Rensselaer on a time and materi-
als basis pursuant to the Venture Management Agreement. LPO subcontracts
those accounting services to LPI's Venture Management Department.
d) Various departments within LPI, including Legal and Finance, perform
services for Rensselaer from time to time on a time and materials reim-
bursement basis for selected tasks which are not provided pursuant to the
agreements described above.
5. Altavista - The following contracts exist between Altavista and system
companies related to the Altavista facility:
a) Under a Facility Operating Agreement, dated September 29, 1989, between
LPOS (as successor to UC Operating Services) and Altavista, Altavista pays
to LPOS a management fee for the provision of such operational activities,
as well as reimbursement of certain reasonable costs and expenses.
Specifically, in addition to reimbursement of certain direct materials and
service costs, Altavista pays to LPOS a fee under each agreement in an
amount equal to a percentage of the total amount reimbursable for: 1)
wages, salaries and bonuses paid for wages and salaries, plus a percentage
of such compensation for the cost of payroll insurance, taxes, holidays,
vacation, etc., with such amount to be adjusted each year during the 25
year term of the agreement to reflect statutory and other actual changes in
employee benefits or the cost thereof; and (ii) a specified percentage of
the amount reimbursable under (i) above.
LPOS also performs accounting services for Altavista on a time and materi-
als basis pursuant to the Facility Operating Agreement. LPOS subcontracts
those accounting services to LPI's Venture Management Department.
b) LPO performs various venture management services for Altavista which have
been compensated by the payment of a lump sum which covers payment for
services for the life of the project.
c) Various departments within LPI, including Legal and Finance, perform
services for Altavista from time to time on a time and materials reimburse-
ment basis for selected tasks which are not provided pursuant to the
agreements described above.
6. Hopewell - The following contracts exist between Hopewell and system
companies related to the Hopewell facility:
a) Under a Facility Operating Agreement, dated September 29, 1989, between
LPOS (as successor to UC Operating Services) and Hopewell, Hopewell pays to
LPOS a management fee for the provision of such operational activities, as
well as reimbursement of certain reasonable costs and expenses. Specifi-
cally, in addition to reimbursement of certain direct materials and service
costs, Hopewell pays to LPOS a fee under each agreement in an amount equal
to a percentage of the total amount reimbursable for: 1) wages, salaries
and bonuses paid for wages and salaries, plus a percentage of such compen-
sation for the cost of payroll insurance, taxes, holidays, vacation, etc.,
with such amount to be adjusted each year during the 25 year term of the
agreement to reflect statutory and other actual changes in employee
benefits or the cost thereof; and (ii) a specified percentage of the amount
reimbursable under (i) above.
LPOS also performs accounting services for Hopewell on a time and materials
basis pursuant to the Facility Operating Agreement. LPOS subcontracts
those accounting services to LPI's Venture Management Department.
b) LPO performs various venture management services for Hopewell which have
been compensated by the payment of a lump sum which covers payment for
services for the life of the project.
c) Various departments within LPI, including Legal and Finance, perform
services for Hopewell from time to time on a time and materials reimburse-
ment basis for selected tasks which are not provided pursuant to the
agreements described above.
7. Southampton - The following contracts exist between Southampton and system
companies related to the Southampton facility:
a) Under a Facility Operating Agreement, dated September 29, 1989, between
LPOS (as successor to UC Operating Services) and Southampton, Southampton
pays to LPOS a management fee for the provision of such operational
activities, as well as reimbursement of certain reasonable costs and
expenses. Specifically, in addition to reimbursement of certain direct
materials and service costs, Southampton pays to LPOS a fee under each
agreement in an amount equal to a percentage of the total amount reimburs-
able for: 1) wages, salaries and bonuses paid for wages and salaries, plus
a percentage of such compensation for the cost of payroll insurance, taxes,
holidays, vacation, etc., with such amount to be adjusted each year during
the 25 year term of the agreement to reflect statutory and other actual
changes in employee benefits or the cost thereof; and (ii) a specified
percentage of the amount reimbursable under (i) above.
LPOS also performs accounting services for Southampton on a time and
materials basis pursuant to the Facility Operating Agreement. LPOS
subcontracts those accounting services to LPI's Venture Management Depart-
ment.
b) LPO performs various venture management services for Southampton which have
been compensated by the payment of a lump sum which covers payment for
services for the life of the project.
c) Various departments within LPI, including Legal and Finance, perform
services for Southampton from time to time on a time and materials reim-
bursement basis for selected tasks which are not provided pursuant to the
agreements described above.
8. Tarifa - None.
9. San Miguel - LG&E Power Engineers and Constructors Inc. (E&C) has performed
design and related engineering services for San Miguel pursuant to that
certain Agreement by and between San Miguel and E&C, dated January 16,
1995. E&C was paid a fixed priced fee for preliminary services, plus
compensation based on time and materials. E&C was also reimbursed for all
reasonable "out-of-pocket" expenses incurred and arising out of or in
connection with the services performed. For final phase services, E&C was
paid a fixed priced fee.
10. LPOS - LPOS has performed and will perform operational activities for five
Eligible Facilities, as defined in the Energy Policy Act of 1992, in which
the Company has an indirect 50% ownership interest. LPOS also is a 50%
general partner in Maine Power Services, a California general partnership
(MPS). MPS has performed operational activities in the past for two
Eligible Facilities in which the Company has an indirect 17% ownership
interest. The operating contracts between LPOS and the entities which own
the Eligible Facilities are described below.
a) Under three separate Facility Operating Agreements, each dated September
29, 1989, between LPOS and Southampton, Hopewell, and Altavista, respec-
tively, LPOS receives a management fee for the provision of such operation-
al activities, as well as reimbursement of certain reasonable costs and
expenses. Specifically, in addition to reimbursement of certain direct
materials and service costs, LPOS receives a fee under each agreement in an
amount equal to a percentage of the total amount reimbursable for: (i)
wages, salaries and bonuses paid for wages and salaries, plus a percentage
of such compensation for the cost of payroll insurance, taxes, holidays,
vacation, etc., with such amount to be adjusted each year during the 25
year term of the agreement to reflect statutory and other actual changes in
employee benefits or the cost thereof; and (ii) a specified percentage of
the amount reimbursable under (i) above.
b) Under the Amended and Restated Facility Operating Agreement, dated June 15,
1992, between LPOS and LG&E-Westmoreland Rensselaer, a California limited
partnership (Rensselaer), LPOS receives a management fee for the provision
of such operational activities, as well as reimbursement of certain
reasonable costs and expenses. Specifically, in addition to reimbursement
of certain direct materials and service costs, LPOS receives a fee under
the agreement in an amount equal to a percentage of the total amount
reimbursable for: (i) wages, salaries and bonuses paid for wages and
salaries, plus a percentage of such compensation for the cost of payroll
insurance, taxes, holidays, vacation, etc., with such amount to be adjusted
each year during the 25 year term of the agreement to reflect statutory and
other actual changes in employee benefits or the cost thereof; and (ii) a
specified percentage of the amount reimbursable under (i) above.
c) Under the Amended and Restated Facility Operating Agreement, dated December
1, 1993, between LPOS and Westmoreland- LG&E Partners, a Virginia general
partnership (WLP), LPOS receives a management fee for the provision of such
operational activities, as well as reimbursement of certain reasonable
costs and expenses. Specifically, in addition to reimbursement of certain
direct materials and service costs, LPOS receives a fixed fee under the
agreement in an amount equal to a percentage of the total amount reimburs-
able for: (i) wages, salaries and bonuses paid for wages and salaries, plus
a percentage of such compensation for the cost of payroll insurance, taxes,
holidays, vacation, etc., with such amount to be adjusted each year during
the 25 year term of the agreement to reflect statutory and other actual
changes in employee benefits or the cost thereof; and (ii) a specified
percentage of the amount reimbursable under (i) above.
d) Under two separate Facility Operating Agreements, each dated January 1,
1986, as amended on September 1, 1989, between MPS and Babcock-Ultrapower
Jonesboro, a California general partnership (Jonesboro), and Babcock-
Ultrapower West Enfield (West Enfield), respectively, MPS received a
management fee for the provision of such operational activities, as well as
reimbursement of certain reasonable costs and expenses. Specifically, in
addition to reimbursement of certain direct materials and service costs,
MPS received a fee under each agreement in an amount equal to a percentage
of the total amount reimbursable for: 1) wages, salaries and bonuses paid
for wages and salaries, plus a percentage of such compensation for the cost
of payroll insurance, taxes, holidays, vacation, etc., with such amount to
be adjusted each year to reflect statutory and other actual changes in
employee benefits or the cost thereof; and (ii) a specified percentage of
the amount reimbursable under (i) above. LPOS is a 50% general partner in
MPS.
Jonesboro is a general partnership, a 17% general partner of which is LG&E
Power 6 Incorporated, a California corporation (Power 6). West Enfield is
a general partnership, a 17% general partner of which is LG&E Power 5
Incorporated, a California corporation (Power 5). Power 6 and Power 5 are
wholly-owned subsidiaries of LPO, which is a wholly-owned subsidiary of
LPI.
In June of 1995, Jonesboro and West Enfield closed various transactions
with Bangor Hydro Electric Company (Bangor), among other parties, whereby
the power purchase agreements between Bangor and Jonesboro and West
Enfield, respectively, were effectively terminated. As a result of these
transactions, the power generation facilities owned by Jonesboro and West
Enfield were shut down, and MPS discontinued its operation of those
facilities under the above-referenced Facility Operating Agreements.
Jonesboro, West Enfield and MPS have agreed in principle to terminate those
Facility Operating Agreements, and the parties are in the process of
documenting those transactions.
The above-named claimant has caused this statement to be duly executed on its
behalf by its authorized officer on this 27th day of February, 1996.
LG&E ENERGY CORP.
By:/s/ Walter Z. Berger
Walter Z. Berger
Executive Vice President and Chief Financial Officer
CORPORATE SEAL
Attest:
/s/ John R. McCall
John R. McCall
Executive Vice President,
General Counsel and Corporate Secretary
Name, title and address of officer to whom notices and correspondence concern-
ing this statement should be addressed:
John R. McCall
Executive Vice President,
General Counsel and Corporate Secretary
LG&E Energy Corp.
220 West Main Street
Louisville, Kentucky 40202
LG&E ENERGY CORP. Exhibit A
Subsidiaries Holding the Company's
Interests in EWGs - Part 1
December 31, 1995
The following subsidiaries hold the Company's ownership interests in Exempt
Wholesale Generators. These subsidiaries have the notation "(EWG)" above
their names in the financial statements included in this exhibit.
Subsidiary Name Description
LG&E Power Marketing Inc. An EWG which is wholly-owned by LG&E Power
Development Inc., an indirect, wholly-owned
subsidiary of LG&E Energy Corp.
LG&E Power 23 Incorporated The sole general partner of LG&E Power
Generation, L.P., an EWG. Dissolved.
LG&E Power Generation The sole limited partner of LG&E Power
Limited Inc. Generation, L.P., an EWG. Dissolved.
LG&E Power 16 Incorporated The sole general partner of LG&E - Roanoke
Valley, L.P., a general partner of
Westmoreland - LG&E Partners, an EWG.
LG&E Power Roanoke The sole limited partner of LG&E - Roanoke
Incorporated Valley, L.P., a general partner of
Westmoreland - LG&E Partners, an EWG.
LG&E Power 12 Incorporated A 45% general partner of LG&E-Westmore-
land Altavista, a California general
partnership, an EWG.
LG&E Altavista Incor- A 20% general partner of LG&E Altavista
porated L.P., a California limited partnership
which is a 25% general partner of LG&E-
Westmoreland Altavista, a California
general partnership, an EWG.
LG&E Power 13 Incorporated A 45% general partner of LG&E-Westmoreland
Hopewell, a California general partner-
ship, an EWG.
LG&E Hopewell Incorporated A 20% general partner of LG&E Hopewell
L.P., a California limited partnership
which is a 25% general partner of LG&E-
Westmoreland Hopewell, a California general
partnership, an EWG.
LG&E Power 11 Incorporated A 45% general partner of LG&E-Westmoreland
Southampton, a California general partner-
ship, an EWG.
LG&E ENERGY CORP. Exhibit A
Subsidiaries Holding the Company's
Interests in EWGs - Part 2
December 31, 1995
The following subsidiaries hold the Company's ownership interests in Exempt
Wholesale Generators. These subsidiaries have the notation "(EWG)" above
their names in the financial statements included in this exhibit.
Subsidiary Name Description
LG&E Southampton A 20% general partner of LG&E Southampton L.P.,
Incorporated a California limited partnership which is a
25% general partner of LG&E-Westmoreland
Southampton, a California general partnership,
an EWG.
LG&E Power Spain Inc. Owns 44% of the outstanding common
stock of KW Tarifa, S.A., a Spanish
sociedad anomina, a foreign utility
company.
LG&E Power Argentina I, Owns 33% of the outstanding common
Inc. stock of Central Termica San Miguel De
Tucuman, S.A., an Argentinean sociedad
anomina, a foreign utility company.
LG&E Power Operating An EWG which is wholly-owned by LG&E Power
Services Inc. Inc., an indirect wholly-owned subsidiary
of LG&E Energy Corp.
<TABLE>
LG&E ENERGY CORP. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
LG&E LG&E
Energy Gas LG&E
Systems Systems Energy
Cons Adj's LG&E Inc. Inc. Corp.
<S> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 2,123,699 2,123,699 0 0
Gas 299,070 299,070 0 0
Common 128,902 128,902 0 0
Original cost 2,551,671 0 2,551,671 0 0 0
Acc depreciation (934,942) (934,942) 0 0
Net utility plant 1,616,729 0 1,616,729 0 0 0
Construction in progress 47,189 47,189 0 0
Net utility plant 1,663,918 0 1,663,918 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 123,338 123,338 0
Investments in subsidiaries 0 (800,550) 0 0 800,550
Non-utility property and plant, net 173,410 2,921 169,604 885
Other 23,720 760 9,858 13,102
Total other prop and investments 320,468 (800,550) 760 136,117 182,706 801,435
CURRENT ASSETS:
Cash and temporary investments 80,144 58,131 4,542 10,720 6,751
Marketable securities 29,060 20,449 8,611 0
Accounts receivable (net) 314,153 105,024 12,725 196,090 314
Materials and supplies:
Fuel 14,996 14,996 0 0
Gas stored underground 47,530 31,714 0 15,816
Other 34,384 34,384 0 0
Prepayments and other 27,245 2,108 1,516 23,325 296
Total current assets 547,512 0 266,806 27,394 245,951 7,361
DEFERRED DEBITS:
Unamortized debt expense 7,710 7,710 0 0
Regulatory assets 29,926 29,926 0 0
Goodwill, net 46,501 14,479 32,022
Other 12,885 9,805 3,032 0 48
Total deferred debits 97,022 0 47,441 17,511 32,022 48
Total assets 2,628,920 (800,550)1,978,925 181,022 460,679 808,844
</TABLE>
<TABLE>
LG&E ENERGY CORP. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E LG&E
Energy Gas LG&E
Systems Systems Energy
Cons Adj's LG&E Inc. Inc. Corp.
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 463,705 (513,032) 425,170 1 87,861 463,705
Common stock expense (928) 836 (836) 0 0 (928)
Additional paid-in capital 0 (80,000) 80,000 0
Unreal loss on marketable securities (573) (881) (226) 534 0
Retained earnings 316,930 (207,473) 181,049 31,356 (4,359) 316,357
Total common equity 779,134 (800,550) 605,157 111,891 83,502 779,134
Cumulative preferred stock 95,328 95,328 0 0
Long-term debt:
First mortgage bonds 646,800 646,800 0 0
Unamortized premium 45 45 0 0
Total debt 646,845 0 646,845 0 0 0
Total capitalization 1,521,307 (800,550)1,347,330 111,891 83,502 779,134
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 16,000 16,000 0 0
Notes payable 173,000 47,000 126,000
Accounts payable 287,457 90,382 10,141 186,157 777
Dividends payable 18,369 0 0 18,369
Accrued taxes 9,812 7,814 6,479 (65) (4,416)
Accrued interest 11,372 11,064 144 164
Trimble County settlement 29,800 28,300 0 0 1,500
Intercompany accounts 0 23,299 (43,558) 13,984 6,275
Other 42,635 12,071 5,689 20,396 4,479
Total current liabilities 588,445 0 188,930 25,895 346,636 26,984
DEFERRED CREDITS:
Accum deferred income taxes 233,481 204,816 3,711 26,199 (1,245)
ITC, in process of amortization 84,037 84,037 0 0
Acc prov for pensions 48,427 46,231 0 0 2,196
Cust advances for construction 9,251 9,251 0 0
Regulatory liability 88,242 88,242 0 0
Other 55,730 10,088 39,525 4,342 1,775
Total deferred credits 519,168 0 442,665 43,236 30,541 2,726
Total capital and liabilities 2,628,920 (800,550)1,978,925 181,022 460,679 808,844
</TABLE>
<TABLE>
LG&E ENERGY CORP. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Energy Gas LG&E
Systems Systems Energy
Cons Adj's LG&E Inc. Inc. Corp.
<S> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 571,086 571,086 0 0
Refund - Trimble Co settlement (28,300) (28,300) 0 0
Gas utility 181,126 181,126 0 0
Non-utility 650,768 60,816 589,952
Total revenues 1,374,680 0 723,912 60,816 589,952 0
COST OF REVENUES:
Fuel and power purchased (154,832) (154,832) 0 0
Gas supply expenses (110,738) (110,738) 0 0
Non-utility (624,160) (58,506) (565,654)
Total cost of revenues (889,730) 0 (265,570) (58,506) (565,654) 0
Gross profit 484,950 0 458,342 2,310 24,298 0
OPERATING EXPENSES:
Operation and maintenance:
Utility (203,284) (203,284) 0 0
Non-utility (39,874) (11,211) (18,177) (10,486)
Depreciation and amortization (94,393) (85,759) (1,189) (6,961) (484)
Total operating expenses (337,551) 0 (289,043) (12,400) (25,138) (10,970)
Equity in earnings 28,158 (90,326) 28,158 0 90,326
OPERATING INCOME 175,557 (90,326) 169,299 18,068 (840) 79,356
Interco chargebacks 0 0 (1,039) 1,039
Other income and deductions 5,389 (3,074) 2,729 5,486 109 139
Interco int income (expense) 0 312 (649) 337
Interest charges (47,511) (41,918) (1,751) (3,842)
INCOME BEFORE INCOME TAXES 133,435 (93,400) 130,110 22,115 (6,261) 80,871
Income taxes (44,294) 1,083 (46,926) (5,643) 1,902 5,290
NET INCOME BEFORE PFD DIVIDENDS 89,141 (92,317) 83,184 16,472 (4,359) 86,161
</TABLE>
<TABLE>
LG&E ENERGY CORP. Exhibit A
Consolidating Income Stmt (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Energy Gas LG&E
Systems Systems Energy
Cons Adj's LG&E Inc. Inc. Corp.
<S> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 89,141 (92,317) 83,184 16,472 (4,359) 86,161
Preferred dividends (6,311) (6,311) 0 0
NET INCOME AVAILABLE FOR COMMON 82,830 (92,317) 76,873 16,472 (4,359) 86,161
</TABLE>
<TABLE>
LG&E ENERGY CORP. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Energy Gas LG&E
Systems Systems Energy
Cons Adj's LG&E Inc. Inc. Corp.
<S> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 307,072 (252,156) 193,895 62,884 0 302,449
Net income 82,830 (92,317) 76,873 16,472 (4,359) 86,161
Dividends (72,253) 137,000 (89,000) (48,000) 0 (72,253)
Other (719) (719) 0
Ending retained earnings 316,930 (207,473) 181,049 31,356 (4,359) 316,357
</TABLE>
<TABLE>
LG&E GAS SYSTEMS INC. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
LG&E
LG&E Gas
Natural Systems
Totals Adj's Inc. Inc.
<S> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0
Gas 0 0
Common 0 0
Original cost 0 0 0 0
Acc depreciation 0 0
Net utility plant 0 0 0 0
Construction in progress 0 0
Net utility plant 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0 0
Investments in subsidiaries 0 (170,600) 0 170,600
Non-utility property and plant, net 169,604 169,604
Other 13,102 12,903 199
Total other prop and investments 182,706 (170,600) 182,507 170,799
CURRENT ASSETS:
Cash and temporary investments 10,720 10,695 25
Marketable securities 0 0
Accounts receivable (net) 196,090 196,090
Materials and supplies:
Fuel 0 0
Gas stored underground 15,816 15,816
Other 0 0
Prepayments and other 23,325 23,325
Total current assets 245,951 0 245,926 25
DEFERRED DEBITS:
Unamortized debt expense 0 0
Regulatory assets 0 0
Goodwill, net 32,022 32,022
Other 0 0
Total deferred debits 32,022 0 32,022 0
Total assets 460,679 (170,600) 460,455 170,824
</TABLE>
<TABLE>
LG&E GAS SYSTEMS INC. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E
LG&E Gas
Natural Systems
Totals Adj's Inc. Inc.
<S> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 87,861 (257) 257 87,861
Common stock expense 0 0
Additional paid-in capital 0 (170,293) 170,293
Unreal loss on marketable securities 0 0
Retained earnings (4,359) (4,359)
Total common equity 83,502 (170,550) 166,191 87,861
Cumulative preferred stock 0 (50) 50
Long-term debt:
First mortgage bonds 0 0
Unamortized premium 0 0
Total debt 0 0 0 0
Total capitalization 83,502 (170,600) 166,241 87,861
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0
Notes payable 126,000 0 126,000
Accounts payable 186,157 186,157
Dividends payable 0 0
Accrued taxes (65) 0 (65)
Accrued interest 164 0 164
Trimble County settlement 0 0
Intercompany accounts 13,984 57,120 (43,136)
Other 20,396 20,396
Total current liabilities 346,636 0 263,673 82,963
DEFERRED CREDITS:
Accum deferred income taxes 26,199 26,199
ITC, in process of amortization 0 0
Acc prov for pensions 0 0
Cust advances for construction 0 0
Regulatory liability 0 0
Other 4,342 4,342
Total deferred credits 30,541 0 30,541 0
Total capital and liabilities 460,679 (170,600) 460,455 170,824
</TABLE>
<TABLE>
LG&E GAS SYSTEMS INC. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
LG&E
LG&E Gas
Natural Systems
Totals Adj's Inc. Inc.
<S> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0
Refund - Trimble Co settlement 0 0
Gas utility 0 0
Non-utility 589,952 589,952
Total revenues 589,952 0 589,952 0
COST OF REVENUES:
Fuel and power purchased 0 0
Gas supply expenses 0 0
Non-utility (565,654) (565,654)
Total cost of revenues (565,654) 0 (565,654) 0
Gross profit 24,298 0 24,298 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0
Non-utility (18,177) (18,177)
Depreciation and amortization (6,961) (6,961)
Total operating expenses (25,138) 0 (25,138) 0
Equity in earnings 0 0
OPERATING INCOME (840) 0 (840) 0
Interco chargebacks (1,039) (5,598) 4,559
Other income and deductions 109 177 (68)
Interco int income (expense) (649) 0 (649)
Interest charges (3,842) 0 (3,842)
INCOME BEFORE INCOME TAXES (6,261) 0 (6,261) 0
Income taxes 1,902 1,902
NET INCOME BEFORE PFD DIVIDENDS (4,359) 0 (4,359) 0
</TABLE>
<TABLE>
LG&E GAS SYSTEMS INC. Exhibit A
Consol'g Income Stmt - (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E
LG&E Gas
Natural Systems
Totals Adj's Inc. Inc.
<S> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (4,359) 0 (4,359) 0
Preferred dividends 0 0
NET INCOME AVAILABLE FOR COMMON (4,359) 0 (4,359) 0
</TABLE>
<TABLE>
LG&E GAS SYSTEMS INC. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
LG&E
LG&E Gas
Natural Systems
Totals Adj's Inc. Inc.
<S> <C> <C> <C> <C>
Beginning retained earnings 0 0
Net income (4,359) 0 (4,359) 0
Dividends 0 0
0
Other 0 0
Ending retained earnings (4,359) 0 (4,359) 0
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 1
ASSETS
December 31, 1995
<CAPTION>
LG&E HD Totals Totals
Natural Hadson Energy From From
Totals Adj's Inc. Fuels Corp. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0 0 0
Gas 0 0 0 0
Common 0 0 0 0
Original cost 0 0 0 0 0 0 0
Acc depreciation 0 0 0 0
Net utility plant 0 0 0 0 0 0 0
Construction in progress 0 0 0 0
Net utility plant 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0 0 0 0
Investments in subsidiaries 0 (107,018) 107,018 0 0 0
Non-utility property and plant, net 169,604 1,111 0 19,567 148,926
Other 12,903 3,244 0 9,659 0
Total other prop and investments 182,507 (107,018) 111,373 0 0 29,226 148,926
CURRENT ASSETS:
Cash and temporary investments 10,695 10,855 475 0 (194) (441)
Marketable securities 0 0 0 0
Accounts receivable (net) 196,090 17 1,443 2 0 187,441 7,187
Materials and supplies:
Fuel 0 0 0 0
Gas stored underground 15,816 0 13,068 2,748
Other 0 0 0 0
Prepayments and other 23,325 9 0 22,962 354
Total current assets 245,926 10,872 1,927 2 0 223,277 9,848
DEFERRED DEBITS:
Unamortized debt expense 0 0 0 0
Regulatory assets 0 0 0 0
Goodwill, net 32,022 32,022 0 0 0
Other 0 0 0 0
Total deferred debits 32,022 0 32,022 0 0 0 0
Total assets 460,455 (96,146) 145,322 2 0 252,503 158,774
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 1
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E HD Totals Totals
Natural Hadson Energy From From
Totals Adj's Inc. Fuels Corp. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 257 (506) 259 0 4 500
Common stock expense 0 0 0 0
Additional paid-in capital 170,293 (78,974) 170,293 2,798 (12,679) 35,544 53,311
Unreal loss on marketable securities 0 0 0 0
Retained earnings (4,359) (27,538) 440 (2,824) 14,322 11,520 (279)
Total common equity 166,191 (107,018) 170,992 (26) 1,643 47,068 53,532
Cumulative preferred stock 50 50 0 0 0
Long-term debt:
First mortgage bonds 0 0 0 0
Unamortized premium 0 0 0 0
Total debt 0 0 0 0 0 0 0
Total capitalization 166,241 (107,018) 171,042 (26) 1,643 47,068 53,532
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0 0 0
Notes payable 0 0 0 0
Accounts payable 186,157 10,855 (142) 24 0 169,845 5,575
Dividends payable 0 0 0 0
Accrued taxes 0 0 0 0
Accrued interest 0 0 0 0
Trimble County settlement 0 0 0 0
Intercompany accounts 57,120 (58,034) (1,643) 18,929 97,868
Other 20,396 17 1,280 4 0 17,089 2,006
Total current liabilities 263,673 10,872 (56,896) 28 (1,643) 205,863 105,449
DEFERRED CREDITS:
Accum deferred income taxes 26,199 26,053 0 76 70
ITC, in process of amortization 0 0 0 0
Acc prov for pensions 0 0 0 0
Cust advances for construction 0 0 0 0
Regulatory liability 0 0 0 0
Other 4,342 5,123 0 (504) (277)
Total deferred credits 30,541 0 31,176 0 0 (428) (207)
Total capital and liabilities 460,455 (96,146) 145,322 2 0 252,503 158,774
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Income Statement - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E HD Totals Totals
Natural Hadson Energy From From
Totals Adj's Inc. Fuels Corp. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0 0 0
Refund - Trimble Co settlement 0 0 0 0
Gas utility 0 0 0 0
Non-utility 589,952 (37,323) 0 584,763 42,512
Total revenues 589,952 (37,323) 0 0 0 584,763 42,512
COST OF REVENUES:
Fuel and power purchased 0 0 0 0
Gas supply expenses 0 0 0 0
Non-utility (565,654) 37,323 0 (571,963) (31,014)
Total cost of revenues (565,654) 37,323 0 0 0 (571,963) (31,014)
Gross profit 24,298 0 0 0 0 12,800 11,498
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0 0 0
Non-utility (18,177) 0 (9,403) (8,774)
Depreciation and amortization (6,961) (1,577) 0 (1,477) (3,907)
Total operating expenses (25,138) 0 (1,577) 0 0 (10,880) (12,681)
Equity in earnings 0 0 0 0
OPERATING INCOME (840) 0 (1,577) 0 0 1,920 (1,183)
Interco chargebacks (5,598) 0 (4,184) (1,414)
Other income and deductions 177 115 0 65 (3)
Interco int income (expense) 0 0 0 0
Interest charges 0 0 0 0
INCOME BEFORE INCOME TAXES (6,261) 0 (1,462) 0 0 (2,199) (2,600)
Income taxes 1,902 1,902 0 0 0
NET INCOME BEFORE PFD DIVIDENDS (4,359) 0 440 0 0 (2,199) (2,600)
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consol'g Income Stmt - Part 1 (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E HD Totals Totals
Natural Hadson Energy From From
Totals Adj's Inc. Fuels Corp. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (4,359) 0 440 0 0 (2,199) (2,600)
Preferred dividends 0 0 0 0
NET INCOME AVAILABLE FOR COMMON (4,359) 0 440 0 0 (2,199) (2,600)
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E HD Totals Totals
Natural Hadson Energy From From
Totals Adj's Inc. Fuels Corp. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 0 (27,538) (2,824) 14,322 13,719 2,321
Net income (4,359) 0 440 0 0 (2,199) (2,600)
Dividends 0 0 0 0
Other 0 0 0 0
Ending retained earnings (4,359) (27,538) 440 (2,824) 14,322 11,520 (279)
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 2
ASSETS
December 31, 1995
<CAPTION>
Hadson Hadson
Hadson Hadson Western Hadson Gas Indus-
Finan- Gas Hadson Natural Gas Market- trial
Totals cial Systems Canada Gas Company ing Sales
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0
Gas 0 0
Common 0 0
Original cost 0 0 0 0 0 0 0 0
Acc depreciation 0 0
Net utility plant 0 0 0 0 0 0 0 0
Construction in progress 0 0
Net utility plant 0 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0 0
Investments in subsidiaries 0 0
Non-utility property and plant, net 19,567 125 46 13 19,001 382
Other 9,659 9,654 5
Total other prop and investments 29,226 0 9,779 46 13 19,006 0 382
CURRENT ASSETS:
Cash and temporary investments (194) (476) (630) (77) 87 595 307
Marketable securities 0 0
Accounts receivable (net) 187,441 15 171,979 9,484 4,197 859 907
Materials and supplies:
Fuel 0 0
Gas stored underground 13,068 13,031 (1) 38
Other 0 0
Prepayments and other 22,962 448 22,186 308 16 (3) 7
Total current assets 223,277 (13) 206,566 9,714 4,300 1,451 1,259 0
DEFERRED DEBITS:
Unamortized debt expense 0 0
Regulatory assets 0 0
Goodwill, net 0 0
Other 0 0
Total deferred debits 0 0 0 0 0 0 0 0
Total assets 252,503 (13) 216,345 9,760 4,313 20,457 1,259 382
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 2
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
Hadson Hadson
Hadson Hadson Western Hadson Gas Indus-
Finan- Gas Hadson Natural Gas Market- trial
Totals cial Systems Canada Gas Company ing Sales
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 4 0 4
Common stock expense 0 0
Additional paid-in capital 35,544 5,979 3,286 25,383 896
Unreal loss on marketable securities 0 0
Retained earnings 11,520 (1,588) 7,237 (253) 5,777 305 35 7
Total common equity 47,068 (1,588) 13,216 (249) 9,063 25,688 931 7
Cumulative preferred stock 0 0
Long-term debt:
First mortgage bonds 0 0
Unamortized premium 0 0
Total debt 0 0 0 0 0 0 0 0
Total capitalization 47,068 (1,588) 13,216 (249) 9,063 25,688 931 7
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0
Notes payable 0 0
Accounts payable 169,845 226 156,370 9,222 2,399 591 1,037
Dividends payable 0 0
Accrued taxes 0 0
Accrued interest 0 0
Trimble County settlement 0 0
Intercompany accounts 18,929 (1,746) 34,181 787 (7,343) (6,589) (736) 375
Other 17,089 3,769 12,432 194 667 27
Total current liabilities 205,863 2,249 202,983 10,009 (4,750) (5,331) 328 375
DEFERRED CREDITS:
Accum deferred income taxes 76 (24) 100
ITC, in process of amortization 0 0
Acc prov for pensions 0 0
Cust advances for construction 0 0
Regulatory liability 0 0
Other (504) (674) 170
Total deferred credits (428) (674) 146 0 0 100 0 0
Total capital and liabilities 252,503 (13) 216,345 9,760 4,313 20,457 1,259 382
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Income Statement - Part 2
Year Ended December 31, 1995
<CAPTION>
Hadson Hadson
Hadson Hadson Western Hadson Gas Indus-
Finan- Gas Hadson Natural Gas Market- trial
Totals cial Systems Canada Gas Company ing Sales
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0
Refund - Trimble Co settlement 0 0
Gas utility 0 0
Non-utility 584,763 543,847 15,648 13,367 5,607 6,294
Total revenues 584,763 0 543,847 15,648 13,367 5,607 6,294 0
COST OF REVENUES:
Fuel and power purchased 0 0
Gas supply expenses 0 0
Non-utility (571,963) (533,315) (15,675) (12,368) (4,276) (6,329)
Total cost of revenues (571,963) 0 (533,315) (15,675) (12,368) (4,276) (6,329) 0
Gross profit 12,800 0 10,532 (27) 999 1,331 (35) 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0
Non-utility (9,403) (416) (7,202) (226) (868) (636) (55)
Depreciation and amortization (1,477) (976) (492) (9)
Total operating expenses (10,880) (416) (8,178) (226) (868) (1,128) (55) (9)
Equity in earnings 0 0
OPERATING INCOME 1,920 (416) 2,354 (253) 131 203 (90) (9)
Interco chargebacks (4,184) (1,172) (2,550) (250) (163) (49)
Other income and deductions 65 62 3
Interco int income (expense) 0 0
Interest charges 0 0
INCOME BEFORE INCOME TAXES (2,199) (1,588) (134) (253) (116) 40 (139) (9)
Income taxes 0 0
NET INCOME BEFORE PFD DIVIDENDS (2,199) (1,588) (134) (253) (116) 40 (139) (9)
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consol'g Income Stmt - Part 2 (cont.)
Year Ended December 31, 1995
<CAPTION>
Hadson Hadson
Hadson Hadson Western Hadson Gas Indus-
Finan- Gas Hadson Natural Gas Market- trial
Totals cial Systems Canada Gas Company ing Sales
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (2,199) (1,588) (134) (253) (116) 40 (139) (9)
Preferred dividends 0 0
NET INCOME AVAILABLE FOR COMMON (2,199) (1,588) (134) (253) (116) 40 (139) (9)
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 2
Year Ended December 31, 1995
<CAPTION>
Hadson Hadson
Hadson Hadson Western Hadson Gas Indus-
Finan- Gas Hadson Natural Gas Market- trial
Totals cial Systems Canada Gas Company ing Sales
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 13,719 7,371 5,893 265 174 16
Net income (2,199) (1,588) (134) (253) (116) 40 (139) (9)
Dividends 0 0
Other 0 0
Ending retained earnings 11,520 (1,588) 7,237 (253) 5,777 305 35 7
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 3
ASSETS
December 31, 1995
<CAPTION>
Hadson Ultra-
Gas systems
Trans. Hadson Small
Totals Co. Llano Nmesco HGGP HERMI Equador Power
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 0
Non-utility property and plant, net 148,926 2,317 25,344 246 121,019
Other 0
Total other prop and investments 148,926 2,317 25,344 246 121,019 0 0 0
CURRENT ASSETS:
Cash and temporary investments (441) 34 2 (477)
Marketable securities 0
Accounts receivable (net) 7,187 842 4,113 (5) 2,237
Materials and supplies:
Fuel 0
Gas stored underground 2,748 868 1,880
Other 0
Prepayments and other 354 344 10
Total current assets 9,848 842 5,359 7 3,640 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0 0 0 0
Total assets 158,774 3,159 30,703 253 124,659 0 0 0
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Balance Sheet - Part 3
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
Hadson Ultra-
Gas systems
Trans. Hadson Small
Totals Co. Llano Nmesco HGGP HERMI Equador Power
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 500 100 400
Common stock expense 0
Additional paid-in capital 53,311 3,696 4,901 41,858 765 2,091
Unreal loss on marketable securities 0
Retained earnings (279) 504 (42,017) 36,164 8,329 (765) (2,494)
Total common equity 53,532 504 (38,321) 41,165 50,187 0 0 (3)
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0 0 0 0
Total capitalization 53,532 504 (38,321) 41,165 50,187 0 0 (3)
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 5,575 795 3,149 3 1,628
Dividends payable 0
Accrued taxes 0
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 97,868 1,827 65,537 (40,915) 71,416 3
Other 2,006 33 338 1,635
Total current liabilities 105,449 2,655 69,024 (40,912) 74,679 0 0 3
DEFERRED CREDITS:
Accum deferred income taxes 70 70
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other (277) (277)
Total deferred credits (207) 0 0 0 (207) 0 0 0
Total capital and liabilities 158,774 3,159 30,703 253 124,659 0 0 0
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Income Statement - Part 3
Year Ended December 31, 1995
<CAPTION>
Hadson Ultra-
Gas systems
Trans. Hadson Small
Totals Co. Llano Nmesco HGGP HERMI Equador Power
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 42,512 5,769 3,416 481 32,846
Total revenues 42,512 5,769 3,416 481 32,846 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility (31,014) (5,259) (2,506) (417) (22,832)
Total cost of revenues (31,014) (5,259) (2,506) (417) (22,832) 0 0 0
Gross profit 11,498 510 910 64 10,014 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (8,774) (118) (3,441) (68) (5,147)
Depreciation and amortization (3,907) (61) (547) (26) (3,273)
Total operating expenses (12,681) (179) (3,988) (94) (8,420) 0 0 0
Equity in earnings 0
OPERATING INCOME (1,183) 331 (3,078) (30) 1,594 0 0 0
Interco chargebacks (1,414) (1,105) (49) (260)
Other income and deductions (3) (3)
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES (2,600) 331 (4,183) (79) 1,331 0 0 0
Income taxes 0
NET INCOME BEFORE PFD DIVIDENDS (2,600) 331 (4,183) (79) 1,331 0 0 0
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consol'g Income Stmt - Part 3 (cont.)
Year Ended December 31, 1995
<CAPTION>
Hadson Ultra-
Gas systems
Trans. Hadson Small
Totals Co. Llano Nmesco HGGP HERMI Equador Power
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (2,600) 331 (4,183) (79) 1,331 0 0 0
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON (2,600) 331 (4,183) (79) 1,331 0 0 0
</TABLE>
<TABLE>
LG&E NATURAL INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 3
Year Ended December 31, 1995
<CAPTION>
Hadson Ultra-
Gas systems
Trans. Hadson Small
Totals Co. Llano Nmesco HGGP HERMI Equador Power
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 2,321 173 (37,834) 36,243 6,998 (765) (2,494)
Net income (2,600) 331 (4,183) (79) 1,331 0 0 0
Dividends 0
Other 0
Ending retained earnings (279) 504 (42,017) 36,164 8,329 0 (765) (2,494)
</TABLE>
<TABLE>
HADSON GAS SYSTEMS INC. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
Hadson
Gas
Totals Adj's Systems HESI
<S> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 0
Non-utility property and plant, net 125 125
Other 9,654 9,654
Total other prop and investments 9,779 0 9,779 0
CURRENT ASSETS:
Cash and temporary investments (630) (630)
Marketable securities 0
Accounts receivable (net) 171,979 171,979
Materials and supplies:
Fuel 0
Gas stored underground 13,031 13,022 9
Other 0
Prepayments and other 22,186 22,186
Total current assets 206,566 0 206,557 9
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0
Total assets 216,345 0 216,336 9
</TABLE>
<TABLE>
HADSON GAS SYSTEMS INC. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
Hadson
Gas
Totals Adj's Systems HESI
<S> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 5,979 5,979
Unreal loss on marketable securities 0
Retained earnings 7,237 6,802 435
Total common equity 13,216 0 12,781 435
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0
Total capitalization 13,216 0 12,781 435
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 156,370 156,266 104
Dividends payable 0
Accrued taxes 0
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 34,181 34,711 (530)
Other 12,432 12,432
Total current liabilities 202,983 0 203,409 (426)
DEFERRED CREDITS:
Accum deferred income taxes (24) (24)
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 170 170
Total deferred credits 146 0 146 0
Total capital and liabilities 216,345 0 216,336 9
</TABLE>
<TABLE>
HADSON GAS SYSTEMS INC. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
Hadson
Gas
Totals Adj's Systems HESI
<S> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 543,847 543,847
Total revenues 543,847 0 543,847 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility (533,315) (533,315)
Total cost of revenues (533,315) 0 (533,315) 0
Gross profit 10,532 0 10,532 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (7,202) (7,202)
Depreciation and amortization (976) (976)
Total operating expenses (8,178) 0 (8,178) 0
Equity in earnings 0
OPERATING INCOME 2,354 0 2,354 0
Interco chargebacks (2,550) (2,550)
Other income and deductions 62 62
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES (134) 0 (134) 0
Income taxes 0
NET INCOME BEFORE PFD DIVIDENDS (134) 0 (134) 0
</TABLE>
<TABLE>
HADSON GAS SYSTEMS INC. Exhibit A
Consol'g Income Stmt - (cont.)
Year Ended December 31, 1995
<CAPTION>
Hadson
Gas
Totals Adj's Systems HESI
<S> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (134) 0 (134) 0
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON (134) 0 (134) 0
</TABLE>
<TABLE>
HADSON GAS SYSTEMS INC. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
Hadson
Gas
Totals Adj's Systems HESI
<S> <C> <C> <C> <C>
Beginning retained earnings 7,371 6,936 435
Net income (134) 0 (134) 0
Dividends 0
Other 0
Ending retained earnings 7,237 0 6,802 435
</TABLE>
<TABLE>
NuHPI Inc. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
Ultra- Hadson
power Power
NuHPI Energy Live
Totals Adj's Inc. Resrces Oak
<S> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 586 586
Non-utility property and plant, net 0
Other 0
Total other prop and investments 586 0 586 0 0
CURRENT ASSETS:
Cash and temporary investments 0
Marketable securities 0
Accounts receivable (net) 0
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 0
Total current assets 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0
Total assets 586 0 586 0 0
</TABLE>
<TABLE>
NuHPI Inc. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
Ultra- Hadson
power Power
NuHPI Energy Live
Totals Adj's Inc. Resrces Oak
<S> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 0
Unreal loss on marketable securities 0
Retained earnings (7,295) (7,295)
Total common equity (7,295) 0 (7,295) 0 0
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0
Total capitalization (7,295) 0 (7,295) 0 0
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 0
Dividends payable 0
Accrued taxes 0
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 7,881 7,881
Other 0
Total current liabilities 7,881 0 7,881 0 0
DEFERRED CREDITS:
Accum deferred income taxes 0
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 0
Total deferred credits 0 0 0 0 0
Total capital and liabilities 586 0 586 0 0
</TABLE>
<TABLE>
NuHPI Inc. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
Ultra- Hadson
power Power
NuHPI Energy Live
Totals Adj's Inc. Resrces Oak
<S> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 0
Total revenues 0 0 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility 0
Total cost of revenues 0 0 0 0 0
Gross profit 0 0 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility 0
Depreciation and amortization 0
Total operating expenses 0 0 0 0 0
Equity in earnings 0
OPERATING INCOME 0 0 0 0 0
Interco chargebacks 0
Other income and deductions 0
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES 0 0 0 0 0
Income taxes 0
NET INCOME BEFORE PFD DIVIDENDS 0 0 0 0 0
</TABLE>
<TABLE>
NuHPI Inc. Exhibit A
Consol'g Income Stmt - (cont.)
Year Ended December 31, 1995
<CAPTION>
Ultra- Hadson
power Power
NuHPI Energy Live
Totals Adj's Inc. Resrces Oak
<S> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 0 0 0 0 0
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON 0 0 0 0 0
</TABLE>
<TABLE>
NuHPI Inc. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
Ultra- Hadson
power Power
NuHPI Energy Live
Totals Adj's Inc. Resrces Oak
<S> <C> <C> <C> <C> <C>
Beginning retained earnings (7,295) (7,295)
Net income 0 0 0 0 0
Dividends 0
Other 0
Ending retained earnings (7,295) 0 (7,295) 0 0
</TABLE>
<TABLE>
HD Energy Corp. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
HD Ultra- Ultra-
Energy Ultra- fuels systems NuHPI
Totals Adj's Corp. fuels 1 Inc. Int'l Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0
Gas 0 0
Common 0 0
Original cost 0 0 0 0 0 0 0
Acc depreciation 0 0
Net utility plant 0 0 0 0 0 0 0
Construction in progress 0 0
Net utility plant 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0 0
Investments in subsidiaries 0 10,502 (11,088) 586
Non-utility property and plant, net 0 0
Other 0 0
Total other prop and investments 0 10,502 (11,088) 0 0 0 586
CURRENT ASSETS:
Cash and temporary investments 0 0
Marketable securities 0 0
Accounts receivable (net) 0 0
Materials and supplies:
Fuel 0 0
Gas stored underground 0 0
Other 0 0
Prepayments and other 0 0
Total current assets 0 0 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0 0
Regulatory assets 0 0
Goodwill, net 0 0
Other 0 0
Total deferred debits 0 0 0 0 0 0 0
Total assets 0 10,502 (11,088) 0 0 0 586
</TABLE>
<TABLE>
HD Energy Corp. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
HD Ultra- Ultra-
Energy Ultra- fuels systems NuHPI
Totals Adj's Corp. fuels 1 Inc. Int'l Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0 (351) 1 100 250 0
Common stock expense 0 0
Additional paid-in capital (12,679) 4,643 (12,679) (4,643) 0
Unreal loss on marketable securities 0 0
Retained earnings 14,322 6,796 14,869 (48) (7,295)
Total common equity 1,643 11,088 2,190 1 (4,591) 250 (7,295)
Cumulative preferred stock 0 0
Long-term debt:
First mortgage bonds 0 0
Unamortized premium 0 0
Total debt 0 0 0 0 0 0 0
Total capitalization 1,643 11,088 2,190 1 (4,591) 250 (7,295)
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0
Notes payable 0 0
Accounts payable 0 0
Dividends payable 0 0
Accrued taxes 0 0
Accrued interest 0 0
Trimble County settlement 0 0
Intercompany accounts (1,643) (586) (13,278) (1) 4,591 (250) 7,881
Other 0 0
Total current liabilities (1,643) (586) (13,278) (1) 4,591 (250) 7,881
DEFERRED CREDITS:
Accum deferred income taxes 0 0
ITC, in process of amortization 0 0
Acc prov for pensions 0 0
Cust advances for construction 0 0
Regulatory liability 0 0
Other 0 0
Total deferred credits 0 0 0 0 0 0 0
Total capital and liabilities 0 10,502 (11,088) 0 0 0 586
</TABLE>
<TABLE>
HD Energy Corp. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
HD Ultra- Ultra-
Energy Ultra- fuels systems NuHPI
Totals Adj's Corp. fuels 1 Inc. Int'l Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0
Refund - Trimble Co settlement 0 0
Gas utility 0 0
Non-utility 0 0
Total revenues 0 0 0 0 0 0 0
COST OF REVENUES:
Fuel and power purchased 0 0
Gas supply expenses 0 0
Non-utility 0 0
Total cost of revenues 0 0 0 0 0 0 0
Gross profit 0 0 0 0 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0
Non-utility 0 0
Depreciation and amortization 0 0
Total operating expenses 0 0 0 0 0 0 0
Equity in earnings 0 0
OPERATING INCOME 0 0 0 0 0 0 0
Interco chargebacks 0 0
Other income and deductions 0 0
Interco int income (expense) 0 0
Interest charges 0 0
INCOME BEFORE INCOME TAXES 0 0 0 0 0 0 0
Income taxes 0 0
NET INCOME BEFORE PFD DIVIDENDS 0 0 0 0 0 0 0
</TABLE>
<TABLE>
HD Energy Corp. Exhibit A
Consol'g Income Stmt - (cont.)
Year Ended December 31, 1995
<CAPTION>
HD Ultra- Ultra-
Energy Ultra- fuels systems NuHPI
Totals Adj's Corp. fuels 1 Inc. Int'l Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 0 0 0 0 0 0 0
Preferred dividends 0 0
NET INCOME AVAILABLE FOR COMMON 0 0 0 0 0 0 0
</TABLE>
<TABLE>
HD Energy Corp. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
HD Ultra- Ultra-
Energy Ultra- fuels systems NuHPI
Totals Adj's Corp. fuels 1 Inc. Int'l Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 14,322 6,796 14,869 (48) (7,295)
Net income 0 0 0 0 0 0 0
Dividends 0 0
Other 0 0
Ending retained earnings 14,322 6,796 14,869 0 (48) 0 (7,295)
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Balance Sheet - Part 1
ASSETS
December 31, 1995
<CAPTION>
LG&E LG&E
LG&E Energy Inter- Totals
Power Systems national From
Cons Adj's Inc. Inc. Inc. Part 2
<S> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0 0 0
Gas 0 0 0 0
Common 0 0 0 0
Original cost 0 0 0 0 0 0
Acc depreciation 0 0 0 0
Net utility plant 0 0 0 0 0 0
Construction in progress 0 0 0 0
Net utility plant 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 123,338 101,125 22,213 0
Investments in subsidiaries 0 (147,001) 0 147,001 0 0
Non-utility property and plant, net 2,921 2,921 0 0
Other 9,858 9,858 0 0
Total other prop and investments 136,117 (147,001) 113,904 147,001 22,213 0
CURRENT ASSETS:
Cash and temporary investments 4,542 (1,548) 46 5,998 0 46
Marketable securities 8,611 (115) 0 0 8,726
Accounts receivable (net) 12,725 12,725 0 0
Materials and supplies:
Fuel 0 0 0 0
Gas stored underground 0 0 0 0
Other 0 0 0 0
Prepayments and other 1,516 1,516 0 0
Total current assets 27,394 (1,663) 14,287 5,998 0 8,772
DEFERRED DEBITS:
Unamortized debt expense 0 0 0 0
Regulatory assets 0 0 0 0
Goodwill, net 14,479 14,479 0 0
Other 3,032 351 2,681 0
Total deferred debits 17,511 0 14,830 0 2,681 0
Total assets 181,022 (148,664) 143,021 152,999 24,894 8,772
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Balance Sheet - Part 1
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E LG&E
LG&E Energy Inter- Totals
Power Systems national From
Cons Adj's Inc. Inc. Inc. Part 2
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 1 0 1 0 0
Common stock expense 0 0 0 0
Additional paid-in capital 80,000 (90,298) 61,034 80,000 24,462 4,802
Unreal loss on marketable securities 534 0 0 534
Retained earnings 31,356 (56,699) 33,048 31,890 (1,264) 24,381
Total common equity 111,891 (146,997) 94,082 111,891 23,198 29,717
Cumulative preferred stock 0 0 0 0
Long-term debt:
First mortgage bonds 0 0 0 0
Unamortized premium 0 0 0 0
Total debt 0 0 0 0 0 0
Total capitalization 111,891 (146,997) 94,082 111,891 23,198 29,717
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0 0 0
Notes payable 47,000 0 47,000 0 0
Accounts payable 10,141 (1,667) 11,712 92 4 0
Dividends payable 0 0 0 0
Accrued taxes 6,479 568 (610) (375) 6,896
Accrued interest 144 0 144 0 0
Trimble County settlement 0 0 0 0
Intercompany accounts (43,558) (13,867) (5,444) 1,998 (26,245)
Other 5,689 5,507 176 0 6
Total current liabilities 25,895 (1,667) 3,920 41,358 1,627 (19,343)
DEFERRED CREDITS:
Accum deferred income taxes 3,711 5,494 (250) 69 (1,602)
ITC, in process of amortization 0 0 0 0
Acc prov for pensions 0 0 0 0
Cust advances for construction 0 0 0 0
Regulatory liability 0 0 0 0
Other 39,525 39,525 0 0
Total deferred credits 43,236 0 45,019 (250) 69 (1,602)
Total capital and liabilities 181,022 (148,664) 143,021 152,999 24,894 8,772
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Income Statement - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
LG&E Energy Inter- Totals
Power Systems national From
Cons Adj's Inc. Inc. Inc. Part 2
<S> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0 0 0
Refund - Trimble Co settlement 0 0 0 0
Gas utility 0 0 0 0
Non-utility 60,816 60,816 0 0
Total revenues 60,816 0 60,816 0 0 0
COST OF REVENUES:
Fuel and power purchased 0 0 0 0
Gas supply expenses 0 0 0 0
Non-utility (58,506) (58,506) 0 0
Total cost of revenues (58,506) 0 (58,506) 0 0 0
Gross profit 2,310 0 2,310 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0 0 0
Non-utility (11,211) (8,417) (944) (1,603) (247)
Depreciation and amortization (1,189) (1,189) 0 0
Total operating expenses (12,400) 0 (9,606) (944) (1,603) (247)
Equity in earnings 28,158 (17,747) 28,734 17,747 (576) 0
OPERATING INCOME 18,068 (17,747) 21,438 16,803 (2,179) (247)
Interco chargebacks 0 (1,900) 1,900 0 0
Other income and deductions 5,486 42 811 0 4,633
Interco int income (expense) 312 530 (218) 0 0
Interest charges (1,751) (2) (2,757) 1,008 0
INCOME BEFORE INCOME TAXES 22,115 (17,747) 20,108 16,539 (1,171) 4,386
Income taxes (5,643) (6,882) 467 410 362
NET INCOME BEFORE PFD DIVIDENDS 16,472 (17,747) 13,226 17,006 (761) 4,748
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consol'g Income Stmt - Part 1 (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
LG&E Energy Inter- Totals
Power Systems national From
Cons Adj's Inc. Inc. Inc. Part 2
<S> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 16,472 (17,747) 13,226 17,006 (761) 4,748
Preferred dividends 0 0 0 0
NET INCOME AVAILABLE FOR COMMON 16,472 (17,747) 13,226 17,006 (761) 4,748
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
LG&E Energy Inter- Totals
Power Systems national From
Cons Adj's Inc. Inc. Inc. Part 2
<S> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 62,884 (80,688) 19,822 62,884 (503) 61,369
Net income 16,472 (17,747) 13,226 17,006 (761) 4,748
Dividends (48,000) 41,736 0 (48,000) 0 (41,736)
Other 0 0 0 0
Ending retained earnings 31,356 (56,699) 33,048 31,890 (1,264) 24,381
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Balance Sheet - Part 2
ASSETS
December 31, 1995
<CAPTION>
LG&E Gas LG&E Gas
Market- Market-
Totals ing ing II LNGCG LNGCL
<S> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 0
Non-utility property and plant, net 0
Other 0
Total other prop and investments 0 0 0 0 0
CURRENT ASSETS:
Cash and temporary investments 46 3 43
Marketable securities 8,726 8,726
Accounts receivable (net) 0
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 0
Total current assets 8,772 0 0 3 8,769
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0
Total assets 8,772 0 0 3 8,769
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Balance Sheet - Part 2
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E Gas LG&E Gas
Market- Market-
Totals ing ing II LNGCG LNGCL
<S> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 4,802 693 4,109
Unreal loss on marketable securities 534 534
Retained earnings 24,381 590 23,791
Total common equity 29,717 0 0 1,283 28,434
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0
Total capitalization 29,717 0 0 1,283 28,434
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 0
Dividends payable 0
Accrued taxes 6,896 74 6,822
Accrued interest 0
Trimble County settlement 0
Intercompany accounts (26,245) (1,327) (24,918)
Other 6 6
Total current liabilities (19,343) 0 0 (1,253) (18,090)
DEFERRED CREDITS:
Accum deferred income taxes (1,602) (27) (1,575)
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 0
Total deferred credits (1,602) 0 0 (27) (1,575)
Total capital and liabilities 8,772 0 0 3 8,769
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Income Statement - Part 2
Year Ended December 31, 1995
<CAPTION>
LG&E Gas LG&E Gas
Market- Market-
Totals ing ing II LNGCG LNGCL
<S> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 0
Total revenues 0 0 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility 0
Total cost of revenues 0 0 0 0 0
Gross profit 0 0 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (247) (11) (236)
Depreciation and amortization 0
Total operating expenses (247) 0 0 (11) (236)
Equity in earnings 0
OPERATING INCOME (247) 0 0 (11) (236)
Interco chargebacks 0
Other income and deductions 4,633 4,633
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES 4,386 0 0 (11) 4,397
Income taxes 362 8 354
NET INCOME BEFORE PFD DIVIDENDS 4,748 0 0 (3) 4,751
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consol'g Income Stmt - Part 2 (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E Gas LG&E Gas
Market- Market-
Totals ing ing II LNGCG LNGCL
<S> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 4,748 0 0 (3) 4,751
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON 4,748 0 0 (3) 4,751
</TABLE>
<TABLE>
LG&E ENERGY SYSTEMS INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 2
Year Ended December 31, 1995
<CAPTION>
LG&E Gas LG&E Gas
Market- Market-
Totals ing ing II LNGCG LNGCL
<S> <C> <C> <C> <C> <C>
Beginning retained earnings 61,369 593 60,776
Net income 4,748 0 0 (3) 4,751
Dividends (41,736) (41,736)
Other 0
Ending retained earnings 24,381 0 0 590 23,791
</TABLE>
<TABLE>
LG&E INTERNATIONAL INC. Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
(EWG) (EWG)
LG&E LG&E LG&E
Inter- LG&E Power Power Ar-
national Mendoza LPI Ven- Spain gentina
Totals Adj's Inc. Services ezuela I Inc. I, Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 22,213 3,924 18,289
Investments in subsidiaries 0
Non-utility property and plant, net 0
Other 0
Total other prop and investments 22,213 0 0 0 0 3,924 18,289
CURRENT ASSETS:
Cash and temporary investments 0
Marketable securities 0
Accounts receivable (net) 0
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 0
Total current assets 0 0 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 2,681 2,681
Total deferred debits 2,681 0 0 0 0 0 2,681
Total assets 24,894 0 0 0 0 3,924 20,970
</TABLE>
<TABLE>
LG&E INTERNATIONAL INC. Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
(EWG) (EWG)
LG&E LG&E LG&E
Inter- LG&E Power Power Ar-
national Mendoza LPI Ven- Spain gentina
Totals Adj's Inc. Services ezuela I Inc. I, Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 24,462 4,500 19,962
Unreal loss on marketable securities 0
Retained earnings (1,264) (1,541) (2) (374) 653
Total common equity 23,198 0 (1,541) (2) 0 4,126 20,615
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0 0 0
Total capitalization 23,198 0 (1,541) (2) 0 4,126 20,615
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 4 4
Dividends payable 0
Accrued taxes (375) (374) (1)
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 1,998 1,996 2
Other 0
Total current liabilities 1,627 0 1,622 2 0 0 3
DEFERRED CREDITS:
Accum deferred income taxes 69 (81) (202) 352
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 0
Total deferred credits 69 0 (81) 0 0 (202) 352
Total capital and liabilities 24,894 0 0 0 0 3,924 20,970
</TABLE>
<TABLE>
LG&E INTERNATIONAL INC. Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG)
LG&E LG&E LG&E
Inter- LG&E Power Power Ar-
national Mendoza LPI Ven- Spain gentina
Totals Adj's Inc. Services ezuela I Inc. I, Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 0
Total revenues 0 0 0 0 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility 0
Total cost of revenues 0 0 0 0 0 0 0
Gross profit 0 0 0 0 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (1,603) (1,599) (4)
Depreciation and amortization 0
Total operating expenses (1,603) 0 (1,599) 0 0 0 (4)
Equity in earnings (576) (576)
OPERATING INCOME (2,179) 0 (1,599) 0 0 (576) (4)
Interco chargebacks 0
Other income and deductions 0
Interco int income (expense) 0
Interest charges 1,008 1,008
INCOME BEFORE INCOME TAXES (1,171) 0 (1,599) 0 0 (576) 1,004
Income taxes 410 559 202 (351)
NET INCOME BEFORE PFD DIVIDENDS (761) 0 (1,040) 0 0 (374) 653
</TABLE>
<TABLE>
LG&E INTERNATIONAL INC. Exhibit A
Consol'g Income Stmt - (cont.)
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG)
LG&E LG&E LG&E
Inter- LG&E Power Power Ar-
national Mendoza LPI Ven- Spain gentina
Totals Adj's Inc. Services ezuela I Inc. I, Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (761) 0 (1,040) 0 0 (374) 653
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON (761) 0 (1,040) 0 0 (374) 653
</TABLE>
<TABLE>
LG&E INTERNATIONAL INC. Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG)
LG&E LG&E LG&E
Inter- LG&E Power Power Ar-
national Mendoza LPI Ven- Spain gentina
Totals Adj's Inc. Services ezuela I Inc. I, Inc.
<S> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings (503) (501) (2)
Net income (761) 0 (1,040) 0 0 (374) 653
Dividends 0
Other 0
Ending retained earnings (1,264) 0 (1,541) (2) 0 (374) 653
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Balance Sheet - Part 1
ASSETS
December 31, 1995
<CAPTION>
(EWG)
LG&E Ultra- LG&E
Power systems Power LG&E Totals
Engr & Const Co Oper Power From
Totals Adj's Const Co, Inc Services Inc. Part 2
<S> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0 0
Gas 0 0 0
Common 0 0 0
Original cost 0 0 0 0 0 0 0
Acc depreciation 0 0 0
Net utility plant 0 0 0 0 0 0 0
Construction in progress 0 0 0
Net utility plant 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 101,125 0 101,125
Investments in subsidiaries 0 (17,595) 0 12,204 5,391
Non-utility property and plant, net 2,921 88 98 1,150 1,585
Other 9,858 0 9,858 0
Total other prop and investments 113,904 (17,595) 88 0 9,956 13,354 108,101
CURRENT ASSETS:
Cash and temporary investments 46 1,663 169 (129) (300) (1,357)
Marketable securities 0 0 0
Accounts receivable (net) 12,725 1,356 1,636 9,733
Materials and supplies:
Fuel 0 0 0
Gas stored underground 0 0 0
Other 0 0 0
Prepayments and other 1,516 750 2 643 121
Total current assets 14,287 1,663 2,275 0 1,509 343 8,497
DEFERRED DEBITS:
Unamortized debt expense 0 0 0
Regulatory assets 0 0 0
Goodwill, net 14,479 0 14,479
Other 351 0 11 329 11
Total deferred debits 14,830 0 0 0 11 329 14,490
Total assets 143,021 (15,932) 2,363 0 11,476 14,026 131,088
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Balance Sheet - Part 1
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
(EWG)
LG&E Ultra- LG&E
Power systems Power LG&E Totals
Engr & Const Co Oper Power From
Totals Adj's Const Co, Inc Services Inc. Part 2
<S> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0 (304) 112 186 2 4
Common stock expense 0 0 0
Additional paid-in capital 61,034 (17,291) 0 61,034 17,291
Unreal loss on marketable securities 0 0 0
Retained earnings 33,048 10,949 3,523 (5,699) 24,275
Total common equity 94,082 (17,595) 11,061 186 3,525 55,335 41,570
Cumulative preferred stock 0 0 0
Long-term debt:
First mortgage bonds 0 0 0
Unamortized premium 0 0 0
Total debt 0 0 0 0 0 0 0
Total capitalization 94,082 (17,595) 11,061 186 3,525 55,335 41,570
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0 0
Notes payable 0 0 0
Accounts payable 11,712 1,663 1,372 451 410 7,816
Dividends payable 0 0 0
Accrued taxes 568 13,044 1,871 (12,537) (1,810)
Accrued interest 0 0 0
Trimble County settlement 0 0 0
Intercompany accounts (13,867) (52,154) (566) 5,258 (31,118) 64,713
Other 5,507 2,371 380 888 1,306 562
Total current liabilities 3,920 1,663 (35,367) (186) 8,468 (41,939) 71,281
DEFERRED CREDITS:
Accum deferred income taxes 5,494 (10,287) (687) 247 16,221
ITC, in process of amortization 0 0 0
Acc prov for pensions 0 0 0
Cust advances for construction 0 0 0
Regulatory liability 0 0 0
Other 39,525 36,956 170 383 2,016
Total deferred credits 45,019 0 26,669 0 (517) 630 18,237
Total capital and liabilities 143,021 (15,932) 2,363 0 11,476 14,026 131,088
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Income Statement - Part 1
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E Ultra- LG&E
Power systems Power LG&E Totals
Engr & Const Co Oper Power From
Totals Adj's Const Co, Inc Services Inc. Part 2
<S> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0 0
Refund - Trimble Co settlement 0 0 0
Gas utility 0 0 0
Non-utility 60,816 11,086 4,894 44,836
Total revenues 60,816 0 11,086 0 4,894 0 44,836
COST OF REVENUES:
Fuel and power purchased 0 0 0
Gas supply expenses 0 0 0
Non-utility (58,506) (7,318) (3,802) (47,386)
Total cost of revenues (58,506) 0 (7,318) 0 (3,802) 0 (47,386)
Gross profit 2,310 0 3,768 0 1,092 0 (2,550)
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0 0
Non-utility (8,417) (4,490) (1,257) (200) (2,470)
Depreciation and amortization (1,189) (86) (205) (457) (441)
Total operating expenses (9,606) 0 (4,576) 0 (1,462) (657) (2,911)
Equity in earnings 28,734 0 926 27,808
OPERATING INCOME 21,438 0 (808) 0 556 (657) 22,347
Interco chargebacks (1,900) 0 (1,900) 0
Other income and deductions 42 187 (7) (354) 216
Interco int income (expense) 530 0 530 0
Interest charges (2) 0 (1) (1) 0
INCOME BEFORE INCOME TAXES 20,108 0 (621) 0 548 (2,382) 22,563
Income taxes (6,882) 248 (227) 907 (7,810)
NET INCOME BEFORE PFD DIVIDENDS 13,226 0 (373) 0 321 (1,475) 14,753
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consol'g Income Stmt - Part 1 (cont.)
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E Ultra- LG&E
Power systems Power LG&E Totals
Engr & Const Co Oper Power From
Totals Adj's Const Co, Inc Services Inc. Part 2
<S> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 13,226 0 (373) 0 321 (1,475) 14,753
Preferred dividends 0 0 0
NET INCOME AVAILABLE FOR COMMON 13,226 0 (373) 0 321 (1,475) 14,753
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 1
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E Ultra- LG&E
Power systems Power LG&E Totals
Engr & Const Co Oper Power From
Totals Adj's Const Co, Inc Services Inc. Part 2
<S> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 19,822 11,322 3,202 (4,224) 9,522
Net income 13,226 0 (373) 0 321 (1,475) 14,753
Dividends 0 0 0
Other 0 0 0
Ending retained earnings 33,048 0 10,949 0 3,523 (5,699) 24,275
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Balance Sheet - Part 2
ASSETS
December 31, 1995
<CAPTION>
LG&E LG&E
Power Power LG&E
Oper- Develop- Power 15
Totals ations ment Inc.
<S> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0 0
Gas 0 0 0
Common 0 0 0
Original cost 0 0 0 0
Acc depreciation 0 0 0
Net utility plant 0 0 0 0
Construction in progress 0 0 0
Net utility plant 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 101,125 90,545 0 10,580
Investments in subsidiaries 5,391 2,696 2,695
Non-utility property and plant, net 1,585 8 1,577
Other 0 0 0
Total other prop and investments 108,101 93,249 4,272 10,580
CURRENT ASSETS:
Cash and temporary investments (1,357) (24) (1,333)
Marketable securities 0 0 0
Accounts receivable (net) 9,733 785 8,948
Materials and supplies:
Fuel 0 0 0
Gas stored underground 0 0 0
Other 0 0 0
Prepayments and other 121 1 120
Total current assets 8,497 762 7,735 0
DEFERRED DEBITS:
Unamortized debt expense 0 0 0
Regulatory assets 0 0 0
Goodwill, net 14,479 14,479 0
Other 11 0 11
Total deferred debits 14,490 14,479 11 0
Total assets 131,088 108,490 12,018 10,580
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Balance Sheet - Part 2
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E LG&E
Power Power LG&E
Oper- Develop- Power 15
Totals ations ment Inc.
<S> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 4 4 0
Common stock expense 0 0 0
Additional paid-in capital 17,291 9,205 2,695 5,391
Unreal loss on marketable securities 0 0 0
Retained earnings 24,275 29,738 (6,543) 1,080
Total common equity 41,570 38,947 (3,848) 6,471
Cumulative preferred stock 0 0 0
Long-term debt:
First mortgage bonds 0 0 0
Unamortized premium 0 0 0
Total debt 0 0 0 0
Total capitalization 41,570 38,947 (3,848) 6,471
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0 0
Notes payable 0 0 0
Accounts payable 7,816 135 7,681
Dividends payable 0 0 0
Accrued taxes (1,810) 2,230 (3,221) (819)
Accrued interest 0 0 0
Trimble County settlement 0 0 0
Intercompany accounts 64,713 49,637 11,567 3,509
Other 562 129 433
Total current liabilities 71,281 52,131 16,460 2,690
DEFERRED CREDITS:
Accum deferred income taxes 16,221 17,089 (2,287) 1,419
ITC, in process of amortization 0 0 0
Acc prov for pensions 0 0 0
Cust advances for construction 0 0 0
Regulatory liability 0 0 0
Other 2,016 323 1,693
Total deferred credits 18,237 17,412 (594) 1,419
Total capital and liabilities 131,088 108,490 12,018 10,580
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Income Statement - Part 2
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power LG&E
Oper- Develop- Power 15
Totals ations ment Inc.
<S> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0 0
Refund - Trimble Co settlement 0 0 0
Gas utility 0 0 0
Non-utility 44,836 2,690 42,146
Total revenues 44,836 2,690 42,146 0
COST OF REVENUES:
Fuel and power purchased 0 0 0
Gas supply expenses 0 0 0
Non-utility (47,386) (1,872) (45,514)
Total cost of revenues (47,386) (1,872) (45,514) 0
Gross profit (2,550) 818 (3,368) 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0 0
Non-utility (2,470) (1,378) (1,024) (68)
Depreciation and amortization (441) (405) (36)
Total operating expenses (2,911) (1,783) (1,060) (68)
Equity in earnings 27,808 26,406 0 1,402
OPERATING INCOME 22,347 25,441 (4,428) 1,334
Interco chargebacks 0 0 0
Other income and deductions 216 207 (1) 10
Interco int income (expense) 0 0 0
Interest charges 0 0 0
INCOME BEFORE INCOME TAXES 22,563 25,648 (4,429) 1,344
Income taxes (7,810) (9,076) 1,819 (553)
NET INCOME BEFORE PFD DIVIDENDS 14,753 16,572 (2,610) 791
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consol'g Income Stmt - Part 2 (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power LG&E
Oper- Develop- Power 15
Totals ations ment Inc.
<S> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 14,753 16,572 (2,610) 791
Preferred dividends 0 0 0
NET INCOME AVAILABLE FOR COMMON 14,753 16,572 (2,610) 791
</TABLE>
<TABLE>
LG&E POWER INC. Exhibit A
Consolidating Statement of
Retained Earnings - Part 2
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power LG&E
Oper- Develop- Power 15
Totals ations ment Inc.
<S> <C> <C> <C> <C>
Beginning retained earnings 9,522 13,166 (3,933) 289
Net income 14,753 16,572 (2,610) 791
Dividends 0 0 0
Other 0 0 0
Ending retained earnings 24,275 29,738 (6,543) 1,080
</TABLE>
<TABLE>
LG&E POWER DEVELOPMENT Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
(EWG)
LG&E LG&E
Power Power
Develop- Market-
Totals Adj's ment ing Inc
<S> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 2,695 2,695
Non-utility property and plant, net 1,577 86 1,491
Other 0
Total other prop and investments 4,272 0 86 4,186
CURRENT ASSETS:
Cash and temporary investments (1,333) (1,333)
Marketable securities 0
Accounts receivable (net) 8,948 3,269 5,679
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 120 1 119
Total current assets 7,735 0 1,937 5,798
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 11 10 1
Total deferred debits 11 0 10 1
Total assets 12,018 0 2,033 9,985
</TABLE>
<TABLE>
LG&E POWER DEVELOPMENT Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
(EWG)
LG&E LG&E
Power Power
Develop- Market-
Totals Adj's ment ing Inc
<S> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 2,695 2,695
Unreal loss on marketable securities 0
Retained earnings (6,543) (6,231) (312)
Total common equity (3,848) 0 (6,231) 2,383
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0
Total capitalization (3,848) 0 (6,231) 2,383
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 7,681 2,015 5,666
Dividends payable 0
Accrued taxes (3,221) (3,000) (221)
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 11,567 9,410 2,157
Other 433 433
Total current liabilities 16,460 0 8,858 7,602
DEFERRED CREDITS:
Accum deferred income taxes (2,287) (2,287)
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 1,693 1,693
Total deferred credits (594) 0 (594) 0
Total capital and liabilities 12,018 0 2,033 9,985
</TABLE>
<TABLE>
LG&E POWER DEVELOPMENT Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E LG&E
Power Power
Develop- Market-
Totals Adj's ment ing Inc
<S> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 42,146 1,849 40,297
Total revenues 42,146 0 1,849 40,297
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility (45,514) (5,705) (39,809)
Total cost of revenues (45,514) 0 (5,705) (39,809)
Gross profit (3,368) 0 (3,856) 488
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (1,024) (417) (607)
Depreciation and amortization (36) (36)
Total operating expenses (1,060) 0 (453) (607)
Equity in earnings 0
OPERATING INCOME (4,428) 0 (4,309) (119)
Interco chargebacks 0
Other income and deductions (1) (1)
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES (4,429) 0 (4,309) (120)
Income taxes 1,819 1,770 49
NET INCOME BEFORE PFD DIVIDENDS (2,610) 0 (2,539) (71)
</TABLE>
<TABLE>
LG&E POWER DEVELOPMENT Exhibit A
Consolidating Income Stmt (cont.)
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E LG&E
Power Power
Develop- Market-
Totals Adj's ment ing Inc
<S> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (2,610) 0 (2,539) (71)
Preferred dividends 0 0
NET INCOME AVAILABLE FOR COMMON (2,610) 0 (2,539) (71)
</TABLE>
<TABLE>
LG&E POWER DEVELOPMENT Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
(EWG)
LG&E LG&E
Power Power
Develop- Market-
Totals Adj's ment ing Inc
<S> <C> <C> <C> <C>
Beginning retained earnings (3,933) (3,692) (241)
Net income (2,610) 0 (2,539) (71)
Dividends 0
Other 0
Ending retained earnings (6,543) 0 (6,231) (312)
</TABLE>
<TABLE>
LG&E POWER ENGINEERS & CONSTRUCTORS Exhibit A
Consolidating Balance Sheet
ASSETS
December 31, 1995
<CAPTION>
LG&E LG&E
Power Power Ultra-
Engr & Const Clean,
Totals Adj's Const Inc. Inc.
<S> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 0
Investments in subsidiaries 0 (3) 3
Non-utility property and plant, net 88 85 3
Other 0
Total other prop and investments 88 (3) 88 3 0
CURRENT ASSETS:
Cash and temporary investments 169 146 23
Marketable securities 0
Accounts receivable (net) 1,356 1,164 192
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 750 750
Total current assets 2,275 0 2,060 215 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0
Total assets 2,363 (3) 2,148 218 0
</TABLE>
<TABLE>
LG&E POWER ENGINEERS & CONSTRUCTORS Exhibit A
Consolidating Balance Sheet
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E LG&E
Power Power Ultra-
Engr & Const Clean,
Totals Adj's Const Inc. Inc.
<S> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 112 (3) 113 2
Common stock expense 0
Additional paid-in capital 0
Unreal loss on marketable securities 0
Retained earnings 10,949 2,362 8,574 13
Total common equity 11,061 (3) 2,475 8,576 13
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0
Total capitalization 11,061 (3) 2,475 8,576 13
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 1,372 1,265 107
Dividends payable 0
Accrued taxes 13,044 7,411 5,634 (1)
Accrued interest 0
Trimble County settlement 0
Intercompany accounts (52,154) (27,172) (24,970) (12)
Other 2,371 1,801 570
Total current liabilities (35,367) 0 (16,695) (18,659) (13)
DEFERRED CREDITS:
Accum deferred income taxes (10,287) (5,489) (4,798)
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 36,956 21,857 15,099
Total deferred credits 26,669 0 16,368 10,301 0
Total capital and liabilities 2,363 (3) 2,148 218 0
</TABLE>
<TABLE>
LG&E POWER ENGINEERS & CONSTRUCTORS Exhibit A
Consolidating Income Statement
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power Ultra-
Engr & Const Clean,
Totals Adj's Const Inc. Inc.
<S> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 11,086 (4,634) 10,652 5,068
Total revenues 11,086 (4,634) 10,652 5,068 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility (7,318) 4,634 (8,655) (3,297)
Total cost of revenues (7,318) 4,634 (8,655) (3,297) 0
Gross profit 3,768 0 1,997 1,771 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (4,490) (3,734) (756)
Depreciation and amortization (86) (58) (28)
Total operating expenses (4,576) 0 (3,792) (784) 0
Equity in earnings 0
OPERATING INCOME (808) 0 (1,795) 987 0
Interco chargebacks 0
Other income and deductions 187 68 119
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES (621) 0 (1,727) 1,106 0
Income taxes 248 708 (460)
NET INCOME BEFORE PFD DIVIDENDS (373) 0 (1,019) 646 0
</TABLE>
<TABLE>
LG&E POWER ENGINEERS & CONSTRUCTORS Exhibit A
Consolidating Income Stmt (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power Ultra-
Engr & Const Clean,
Totals Adj's Const Inc. Inc.
<S> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS (373) 0 (1,019) 646 0
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON (373) 0 (1,019) 646 0
</TABLE>
<TABLE>
LG&E POWER ENGINEERS & CONSTRUCTORS Exhibit A
Consolidating Statement of
Retained Earnings
Year Ended December 31, 1995
<CAPTION>
LG&E LG&E
Power Power Ultra-
Engr & Const Clean,
Totals Adj's Const Inc. Inc.
<S> <C> <C> <C> <C> <C>
Beginning retained earnings 11,322 3,381 7,928 13
Net income (373) 0 (1,019) 646 0
Dividends 0
Other 0
Ending retained earnings 10,949 0 2,362 8,574 13
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 1
ASSETS
December 31, 1995
<CAPTION>
LG&E (EWG)
Power LG&E LG&E LG&E Totals Totals
Oper- Power 5 Power 6 Power 11 From From
Totals Adj's ations Inc. Inc. Inc. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0 0 0
Gas 0 0 0
Common 0 0 0
Original cost 0 0 0 0 0 0 0 0
Acc depreciation 0 0 0
Net utility plant 0 0 0 0 0 0 0 0
Construction in progress 0 0 0
Net utility plant 0 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 90,545 (92) (91) 12,497 38,474 39,757
Investments in subsidiaries 2,696 (6,514) 9,210 0 0
Non-utility property and plant, net 8 8 0 0
Other 0 0 0
Total other prop and investments 93,249 (6,514) 9,218 (92) (91) 12,497 38,474 39,757
CURRENT ASSETS:
Cash and temporary investments (24) (24) 0 0
Marketable securities 0 0 0
Accounts receivable (net) 785 785 0 0
Materials and supplies:
Fuel 0 0 0
Gas stored underground 0 0 0
Other 0 0 0
Prepayments and other 1 1 0 0
Total current assets 762 0 762 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0 0 0
Regulatory assets 0 0 0
Goodwill, net 14,479 14,479 0 0
Other 0 0 0
Total deferred debits 14,479 0 14,479 0 0 0 0 0
Total assets 108,490 (6,514) 24,459 (92) (91) 12,497 38,474 39,757
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 1
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
LG&E (EWG)
Power LG&E LG&E LG&E Totals Totals
Oper- Power 5 Power 6 Power 11 From From
Totals Adj's ations Inc. Inc. Inc. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 4 (5) 3 3 3 0 0
Common stock expense 0 0 0
Additional paid-in capital 9,205 (6,509) 9,205 0 6,509
Unreal loss on marketable securities 0 0 0
Retained earnings 29,738 (831) 4,740 4,790 1,685 9,358 9,996
Total common equity 38,947 (6,514) 8,377 4,743 4,793 1,685 9,358 16,505
Cumulative preferred stock 0 0 0
Long-term debt:
First mortgage bonds 0 0 0
Unamortized premium 0 0 0
Total debt 0 0 0 0 0 0 0 0
Total capitalization 38,947 (6,514) 8,377 4,743 4,793 1,685 9,358 16,505
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0 0 0
Notes payable 0 0 0
Accounts payable 135 135 0 0
Dividends payable 0 0 0
Accrued taxes 2,230 (463) 5,636 5,742 (709) (7,097) (879)
Accrued interest 0 0 0
Trimble County settlement 0 0 0
Intercompany accounts 49,637 16,156 (8,815) (8,877) 8,649 25,999 16,525
Other 129 129 0 0
Total current liabilities 52,131 0 15,957 (3,179) (3,135) 7,940 18,902 15,646
DEFERRED CREDITS:
Accum deferred income taxes 17,089 (198) (1,656) (1,749) 2,872 10,214 7,606
ITC, in process of amortization 0 0 0
Acc prov for pensions 0 0 0
Cust advances for construction 0 0 0
Regulatory liability 0 0 0
Other 323 323 0 0
Total deferred credits 17,412 0 125 (1,656) (1,749) 2,872 10,214 7,606
Total capital and liabilities 108,490 (6,514) 24,459 (92) (91) 12,497 38,474 39,757
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Income Statement - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E (EWG)
Power LG&E LG&E LG&E Totals Totals
Oper- Power 5 Power 6 Power 11 From From
Totals Adj's ations Inc. Inc. Inc. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0 0 0
Refund - Trimble Co settlement 0 0 0
Gas utility 0 0 0
Non-utility 2,690 2,556 0 134
Total revenues 2,690 0 2,556 0 0 0 0 134
COST OF REVENUES:
Fuel and power purchased 0 0 0
Gas supply expenses 0 0 0
Non-utility (1,872) (1,872) 0 0
Total cost of revenues (1,872) 0 (1,872) 0 0 0 0 0
Gross profit 818 0 684 0 0 0 0 134
OPERATING EXPENSES:
Operation and maintenance:
Utility 0 0 0
Non-utility (1,378) (1,378) 2 (2)
Depreciation and amortization (405) (405) 0 0
Total operating expenses (1,783) 0 (1,783) 0 0 0 2 (2)
Equity in earnings 26,406 5,603 5,641 1,150 4,310 9,702
OPERATING INCOME 25,441 0 (1,099) 5,603 5,641 1,150 4,312 9,834
Interco chargebacks 0 0 0
Other income and deductions 207 207 0
Interco int income (expense) 0 0 0
Interest charges 0 0 0
INCOME BEFORE INCOME TAXES 25,648 0 (1,099) 5,603 5,641 1,150 4,519 9,834
Income taxes (9,076) 453 (2,325) (2,341) (476) (306) (4,081)
NET INCOME BEFORE PFD DIVIDENDS 16,572 0 (646) 3,278 3,300 674 4,213 5,753
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consol'g Income Stmt - Part 1 (cont.)
Year Ended December 31, 1995
<CAPTION>
LG&E (EWG)
Power LG&E LG&E LG&E Totals Totals
Oper- Power 5 Power 6 Power 11 From From
Totals Adj's ations Inc. Inc. Inc. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 16,572 0 (646) 3,278 3,300 674 4,213 5,753
Preferred dividends 0 0 0
NET INCOME AVAILABLE FOR COMMON 16,572 0 (646) 3,278 3,300 674 4,213 5,753
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Statement of
Retained Earnings - Part 1
Year Ended December 31, 1995
<CAPTION>
LG&E (EWG)
Power LG&E LG&E LG&E Totals Totals
Oper- Power 5 Power 6 Power 11 From From
Totals Adj's ations Inc. Inc. Inc. Part 2 Part 3
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 13,166 (185) 1,462 1,490 1,011 5,145 4,243
Net income 16,572 0 (646) 3,278 3,300 674 4,213 5,753
Dividends 0 0 0
Other 0 0 0
Ending retained earnings 29,738 0 (831) 4,740 4,790 1,685 9,358 9,996
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 2
ASSETS
December 31, 1995
<CAPTION>
(EWG) LG&E LG&E
LG&E LG&E Power 21 LG&E LG&E LG&E Power 31
Power 12 Power 21 Wind Power 29 Power 30 Power 31 Wind
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 38,474 10,388 450 22,158 53 5,425
Investments in subsidiaries 0
Non-utility property and plant, net 0
Other 0
Total other prop and investments 38,474 10,388 450 22,158 0 0 53 5,425
CURRENT ASSETS:
Cash and temporary investments 0
Marketable securities 0
Accounts receivable (net) 0
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 0
Total current assets 0 0 0 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0 0 0 0
Total assets 38,474 10,388 450 22,158 0 0 53 5,425
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 2
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
(EWG) LG&E LG&E
LG&E LG&E Power 21 LG&E LG&E LG&E Power 31
Power 12 Power 21 Wind Power 29 Power 30 Power 31 Wind
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 0
Unreal loss on marketable securities 0
Retained earnings 9,358 4,295 94 4,639 158 12 160
Total common equity 9,358 4,295 94 4,639 158 0 12 160
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0 0 0 0
Total capitalization 9,358 4,295 94 4,639 158 0 12 160
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 0
Dividends payable 0
Accrued taxes (7,097) 614 (182) (6,585) 17 (14) (947)
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 25,999 2,560 365 17,960 (269) 37 5,346
Other 0
Total current liabilities 18,902 3,174 183 11,375 (252) 0 23 4,399
DEFERRED CREDITS:
Accum deferred income taxes 10,214 2,919 173 6,144 94 18 866
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 0
Total deferred credits 10,214 2,919 173 6,144 94 0 18 866
Total capital and liabilities 38,474 10,388 450 22,158 0 0 53 5,425
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Income Statement - Part 2
Year Ended December 31, 1995
<CAPTION>
(EWG) LG&E LG&E
LG&E LG&E Power 21 LG&E LG&E LG&E Power 31
Power 12 Power 21 Wind Power 29 Power 30 Power 31 Wind
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 0
Total revenues 0 0 0 0 0 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility 0
Total cost of revenues 0 0 0 0 0 0 0 0
Gross profit 0 0 0 0 0 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility 2 1 1
Depreciation and amortization 0
Total operating expenses 2 0 1 0 0 0 1 0
Equity in earnings 4,310 2,489 37 1,886 (3) (99)
OPERATING INCOME 4,312 2,489 38 1,886 0 0 (2) (99)
Interco chargebacks 0
Other income and deductions 207 11 18 178
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES 4,519 2,489 38 1,897 0 0 16 79
Income taxes (306) (1,033) 13 637 (4) 81
NET INCOME BEFORE PFD DIVIDENDS 4,213 1,456 51 2,534 0 0 12 160
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consol'g Income Stmt - Part 2 (cont.)
Year Ended December 31, 1995
<CAPTION>
(EWG) LG&E LG&E
LG&E LG&E Power 21 LG&E LG&E LG&E Power 31
Power 12 Power 21 Wind Power 29 Power 30 Power 31 Wind
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 4,213 1,456 51 2,534 0 0 12 160
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON 4,213 1,456 51 2,534 0 0 12 160
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Statement of
Retained Earnings - Part 2
Year Ended December 31, 1995
<CAPTION>
(EWG) LG&E LG&E
LG&E LG&E Power 21 LG&E LG&E LG&E Power 31
Power 12 Power 21 Wind Power 29 Power 30 Power 31 Wind
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 5,145 2,839 43 2,105 158
Net income 4,213 1,456 51 2,534 0 0 12 160
Dividends 0
Other 0
Ending retained earnings 9,358 4,295 94 4,639 158 0 12 160
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 3
ASSETS
December 31, 1995
<CAPTION>
(EWG) (EWG) (EWG) (EWG)
(EWG) LG&E LG&E LG&E LG&E (EWG) LG&E
LG&E South- Alta- Hope- Erie LG&E Power
Power 13 ampton vista well Partners Power 16 Roanoke
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UTILITY PLANT:
Electric 0
Gas 0
Common 0
Original cost 0 0 0 0 0 0 0 0
Acc depreciation 0
Net utility plant 0 0 0 0 0 0 0 0
Construction in progress 0
Net utility plant 0 0 0 0 0 0 0 0
OTHER PROPERTY AND INVESTMENTS:
Investments in affiliates 39,757 9,551 813 622 523 282 27,966
Investments in subsidiaries 0
Non-utility property and plant, net 0
Other 0
Total other prop and investments 39,757 9,551 813 622 523 0 282 27,966
CURRENT ASSETS:
Cash and temporary investments 0
Marketable securities 0
Accounts receivable (net) 0
Materials and supplies:
Fuel 0
Gas stored underground 0
Other 0
Prepayments and other 0
Total current assets 0 0 0 0 0 0 0 0
DEFERRED DEBITS:
Unamortized debt expense 0
Regulatory assets 0
Goodwill, net 0
Other 0
Total deferred debits 0 0 0 0 0 0 0 0
Total assets 39,757 9,551 813 622 523 0 282 27,966
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Balance Sheet - Part 3
CAPITAL AND LIABILITIES
December 31, 1995
<CAPTION>
(EWG) (EWG) (EWG) (EWG)
(EWG) LG&E LG&E LG&E LG&E (EWG) LG&E
LG&E South- Alta- Hope- Erie LG&E Power
Power 13 ampton vista well Partners Power 16 Roanoke
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITALIZATION:
Common stock 0
Common stock expense 0
Additional paid-in capital 6,509 65 6,444
Unreal loss on marketable securities 0
Retained earnings 9,996 3,958 697 1,137 793 (860) 46 4,225
Total common equity 16,505 3,958 697 1,137 793 (860) 111 10,669
Cumulative preferred stock 0
Long-term debt:
First mortgage bonds 0
Unamortized premium 0
Total debt 0 0 0 0 0 0 0 0
Total capitalization 16,505 3,958 697 1,137 793 (860) 111 10,669
CURRENT LIABILITIES:
Long-term debt due w/in 1 year 0
Notes payable 0
Accounts payable 0
Dividends payable 0
Accrued taxes (879) 765 (49) 97 114 126 (17) (1,915)
Accrued interest 0
Trimble County settlement 0
Intercompany accounts 16,525 2,309 (149) (926) (656) 1,470 139 14,338
Other 0
Total current liabilities 15,646 3,074 (198) (829) (542) 1,596 122 12,423
DEFERRED CREDITS:
Accum deferred income taxes 7,606 2,519 314 314 272 (736) 49 4,874
ITC, in process of amortization 0
Acc prov for pensions 0
Cust advances for construction 0
Regulatory liability 0
Other 0
Total deferred credits 7,606 2,519 314 314 272 (736) 49 4,874
Total capital and liabilities 39,757 9,551 813 622 523 0 282 27,966
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Income Statement - Part 3
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG) (EWG) (EWG)
(EWG) LG&E LG&E LG&E LG&E (EWG) LG&E
LG&E South- Alta- Hope- Erie LG&E Power
Power 13 ampton vista well Partners Power 16 Roanoke
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REVENUES:
Electric utility 0
Refund - Trimble Co settlement 0
Gas utility 0
Non-utility 134 45 45 44
Total revenues 134 0 45 45 44 0 0 0
COST OF REVENUES:
Fuel and power purchased 0
Gas supply expenses 0
Non-utility 0
Total cost of revenues 0 0 0 0 0 0 0 0
Gross profit 134 0 45 45 44 0 0 0
OPERATING EXPENSES:
Operation and maintenance:
Utility 0
Non-utility (2) (2)
Depreciation and amortization 0
Total operating expenses (2) 0 0 0 0 0 (2) 0
Equity in earnings 9,702 2,431 110 255 251 67 6,588
OPERATING INCOME 9,834 2,431 155 300 295 0 65 6,588
Interco chargebacks 0
Other income and deductions 0
Interco int income (expense) 0
Interest charges 0
INCOME BEFORE INCOME TAXES 9,834 2,431 155 300 295 0 65 6,588
Income taxes (4,081) (1,009) (64) (125) (122) (27) (2,734)
NET INCOME BEFORE PFD DIVIDENDS 5,753 1,422 91 175 173 0 38 3,854
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consol'g Income Stmt - Part 3 (cont.)
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG) (EWG) (EWG)
(EWG) LG&E LG&E LG&E LG&E (EWG) LG&E
LG&E South- Alta- Hope- Erie LG&E Power
Power 13 ampton vista well Partners Power 16 Roanoke
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NET INCOME BEFORE PFD DIVIDENDS 5,753 1,422 91 175 173 0 38 3,854
Preferred dividends 0
NET INCOME AVAILABLE FOR COMMON 5,753 1,422 91 175 173 0 38 3,854
</TABLE>
<TABLE>
LG&E POWER OPERATIONS Exhibit A
Consolidating Statement of
Retained Earnings - Part 3
Year Ended December 31, 1995
<CAPTION>
(EWG) (EWG) (EWG) (EWG)
(EWG) LG&E LG&E LG&E LG&E (EWG) LG&E
LG&E South- Alta- Hope- Erie LG&E Power
Power 13 ampton vista well Partners Power 16 Roanoke
Totals Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Beginning retained earnings 4,243 2,536 606 962 620 (860) 8 371
Net income 5,753 1,422 91 175 173 0 38 3,854
Dividends 0
Other 0
Ending retained earnings 9,996 3,958 697 1,137 793 (860) 46 4,225
</TABLE>
<TABLE>
LG&E ENERGY CORP. Exhibit A
Equity-Method Investees
and Owners - Part 1
December 31, 1995
<CAPTION>
Equity-Method Investee Babcock- Babcock- San Mi- LG&E LG&E LG&E LG&E
U'power Ultra- K.W. guel De West- West- West- West-
West power Tarifa, Tucuman, moreland moreland moreland moreland
Enfield Jonesboro S.A. S.A. Ren'laer Altavista Altavista Hopewell
Owner LG&E LG&E LG&E
LG&E LG&E Power Power Ar- LG&E LG&E Alta- LG&E
Power 5 Power 6 Spain gentina Power 15 Power 12 vista Power 13
Inc. Inc. Inc. I, Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Ownership interest 17% 17% 44% 33% 50% 45% 5% 45%
Ownership interest in $000s:
Assets 180 256 4,010 18,822 54,784 42,404 4,712 43,025
Revenue 1,581 1,573 191 0 18,250 10,175 1,131 10,082
Net income (loss) 6,479 6,050 (70) 0 1,511 2,642 294 2,537
</TABLE>
Amounts equal totals reported by investees times ownership
interest percents.
<TABLE>
LG&E ENERGY CORP. Exhibit A
Equity-Method Investees
and Owners - Part 2
December 31, 1995
<CAPTION>
Equity-Method Investee LG&E LG&E LG&E Wind- Wind- West- West- Wind-
West- West- West- power power moreland moreland power
moreland moreland moreland Partners Partners - LG&E - LG&E Partners
Hopewell S'hampton S'hampton 1993 1993 Partners Partners 1994
Owner LG&E LG&E LG&E LG&E
Hope- LG&E South- LG&E Power 21 Power LG&E LG&E
well Power 11 ampton Power 21 Wind Roanoke Power 16 Power 31
Inc. Inc. Inc. Inc. Inc. Inc. Inc. Inc.
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Ownership interest 5% 45% 5% 1% 49% 49% 1% 1%
Ownership interest in $000s:
Assets 4,781 43,750 4,861 807 39,528 184,176 3,759 470
Revenue 1,120 10,284 1,143 146 7,130 45,116 921 14
Net income (loss) 282 1,343 149 39 1,915 6,899 141 (3)
</TABLE>
Amounts equal totals reported by investees times ownership
interest percents.
<TABLE>
LG&E ENERGY CORP. Exhibit A
Equity-Method Investees
and Owners - Part 3
December 31, 1995
<CAPTION>
Equity-Method Investee Wind-
power UC Oper-
Partners ating
1994 Services
Owner LG&E LG&E
Power 31 Power
Wind Oper
Inc. Services
<S> <C> <C>
Ownership interest 24% 50%
Ownership interest in $000s:
Assets 11,292 0
Revenue 346 11,547
Net income (loss) (76) 3,278
</TABLE>
Amounts equal totals reported by investees times ownership
interest percents.
LG&E ENERGY CORP. Exhibit B
Financial Data Schedule
December 31, 1995
The information required by Exhibit B is presented below. This information
is also included in Exhibit 27.
Total assets 2,628,920
Total operating revenues 1,374,680
Net income 82,830
LG&E POWER MARKETING INC. Exhibit C
System Affiliation
December 31, 1995
LG&E Energy Corp.
(Kentucky corporation)
|
---------------------------------|
| |
Louisville Gas and LG&E Energy Systems Inc.
Electric Company (Kentucky corporation)
(Kentucky corporation) |
|
LG&E Power Inc.
(Delaware corporation)
|
-----------------------|----------------------
| |
LG&E Power Operations Inc. LG&E Power Development Inc.
(California corporation) (California corporation)
| |
50% |
| LG&E Power Marketing Inc.
| (California corporation)
| |
| 50%
-------------- LG&E Power 15 Incorporated ----
(California corporation)
|
50%
|
LG&E-Westmoreland Rensselaer
(California general partnership)
LG&E POWER GENERATION, L.P. Exhibit C
System Affiliation
December 31, 1995
LG&E Energy Corp.
(Kentucky corporation)
|
---------------------------------|
| |
Louisville Gas and LG&E Energy Systems Inc.
Electric Company (Kentucky corporation)
(Kentucky corporation) |
|
LG&E Power Inc.
(Delaware corporation)
|
|
LG&E Power Operations Inc.
(California corporation)
|
-----------------------|--------------------------
| |
LG&E Power 23 LG&E Power Generation
Incorporated Limited Inc.
(California corporation) (California corporation)
(Dissolved) (Dissolved)
| |
-----------------------|--------------------------
|
LG&E Power Generation, L.P.
(California limited partnership)
(To be dissolved)
WESTMORELAND - LG&E PARTNERS Exhibit C
System Affiliation
December 31, 1995
LG&E Energy Corp.
(Kentucky corporation)
|
---------------------------------|
| |
Louisville Gas and LG&E Energy Systems Inc.
Electric Company (Kentucky corporation)
(Kentucky corporation) |
|
LG&E Power Inc.
(Delaware corporation)
|
|
LG&E Power Operations Inc.
(California corporation)
|
-----------------------|--------------------------
| |
LG&E Power 16 Incorporated LG&E Power Roanoke
(California corporation) Incorporated
| (California corporation)
| |
50% 50%
| |
-----------------------|--------------------------
|
LG&E - Roanoke Valley, L.P.
(California limited partnership)
|
50%
|
Westmoreland - LG&E Partners
(Virginia general partnership)
<TABLE> <S> <C>
<ARTICLE> OPUR3
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-ASSETS> 2,628,920
<TOTAL-OPERATING-REVENUES> 1,374,680
<NET-INCOME> 82,830
</TABLE>
