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Previous: WISCONSIN CENTRAL TRANSPORTATION CORP, DFAN14A, 2000-11-28 |
Next: AES CORPORATION, 8-K, 2000-11-28 |
<PAGE>
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
)
The AES Corporation ) File No. 70-9465
)
Certificate Pursuant to Rule 24 and Release No. 35-27063
Under the Public Utility Holding Company Act of 1935
On August 20, 1999, the Securities and Exchange Commission ("SEC")
issued an order in this proceeding, Release No. 35-27063 in File No. 70-9465
("Exemption Order"), granting an exemption under Section 3(a) of the Public
Utility Holding Company Act of 1935, as amended, ("the Act") to The AES
Corporation ("AES") in relation to its proposed acquisition of CILCORP Inc.
("CILCORP"), which has a public-utility subsidiary company, Central Illinois
Light Company ("CILCO"). The Exemption Order required AES to file certain
certificates (as described in the Exemption Order) under Rule 24 within 60 days
of the close of each calendar quarter for a period of three years beginning
September 30, 1999 and every six months thereafter. The requested certificate is
set forth below (as an attachment) for the period ending September 30, 2000.
Respectfully submitted,
/s/ Earle H. O'Donnell
---------------------------------------
Earle H. O'Donnell
Julia Dryden English
Andrew B. Young
Dewey Ballantine LLP
1775 Pennsylvania Avenue, NW
Washington, D.C. 20006
Dated: November 28, 2000
<PAGE>
THE AES CORPORATION
SEC FILING PURSUANT TO SECTION 3(a)(5) EXEMPTION ORDER
QUARTER ENDED SEPTEMBER 30, 2000
ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED):
1) Statement of Income of The AES Corporation for the 12 months ended
September 30, 2000:
a) 12 months ended September 30, 2000 GAAP consolidated income
statement
b) 12 months ended September 30, 2000 pro rata consolidated income
statement
2) Balance Sheet of The AES Corporation at September 30, 2000
a) GAAP Basis Consolidated Balance Sheet
b) Pro Rata Consolidated Balance Sheet
3) Statement of Income CILCORP Inc. for the 12 months ended September 30,
2000
4) Statement of Income CILCO for the 12 months ended September 30, 2000
5) Consolidated Balance Sheet of CILCORP Inc. at September 30, 2000
6) Consolidated Balance Sheet of CILCO at September 30, 2000
<PAGE>
THE AES CORPORATION
<TABLE>
<CAPTION>
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000 - GAAP BASIS
-----------------------------------------------------------------------------
Twelve
Months %
Ended of
9/30/2000 Sales
-----------------------------------------------------------------------------
($ in millions,
except per
share amounts)
<S> <C> <C>
REVENUES:
Sales and services $ 5,903 100%
OPERATING COSTS
AND EXPENSES:
Cost of sales
and services 4,378 74%
Selling, general and
administrative
expenses 96 2%
Provision to reduce
contract receivables 8 -
-----------------
Total operating costs
and expenses 4,482 76%
-----------------
OPERATING INCOME 1,421 24%
OTHER INCOME AND
(EXPENSE):
Interest expense (1,171) -20%
Interest and other
income 208 3%
Foreign currency
transaction gain (loss) 9 -
Equity in earnings of
affiliates (before
income tax) 398 7%
INCOME BEFORE
INCOME TAXES
AND MINORITY
INTEREST 865 15%
Income tax provision 222 4%
Minority interest 87 1%
-----------------
INCOME BEFORE
EXTRAORDINARY ITEM 556 9%
Extraordinary item, net of tax -
Early extinguishment of debt (24) 0%
-----------------
NET INCOME $ 532 9%
=================
</TABLE>
<PAGE>
THE AES CORPORATION
<TABLE>
<CAPTION>
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED SEPTEMBER 30, 2000 - PRORATA BASIS
------------------------------------------------------------------------
Twelve
Months %
Ended of
9/30/2000 Sales
------------------------------------------------------------------------
($ in millions,
except per
share amounts)
<S> <C> <C>
REVENUES:
Sales and services $ 7,935 100%
OPERATING COSTS
AND EXPENSES:
Cost of sales
and services 5,832 73%
Selling, general and
administrative
expenses 96 1%
Provision to reduce
contract receivables 39 -
------------
Total operating costs
and expenses 5,967 75%
------------
OPERATING INCOME 1,968 25%
OTHER INCOME AND
(EXPENSE):
Interest expense (1,514) -19%
Interest and other
income 296 3%
Foreign currency
transaction gain (loss) 115 -
INCOME BEFORE
INCOME TAXES
AND MINORITY
INTEREST 865 11%
Income tax provision 222 3%
Minority interest 87 1%
------------
INCOME BEFORE
EXTRAORDINARY ITEM 556 7%
Extraordinary item, net of tax -
Early extinguishment of debt (24) 0%
------------
NET INCOME $ 532 7%
============
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
THE AES CORPORATION
GAAP BASIS CONSOLIDATED BALANCE SHEET
SEPTEMBER 30, 2000
($ in millions)
ASSETS
<S> <C>
CURRENT ASSETS
Cash and cash equivalents $ 1,322
Short-term investments 365
Accounts receivable, net 1,844
Inventory 525
Receivable from affiliates 37
Deferred income taxes 348
Prepaid revenue receivable (Thames) 543
Prepaid expenses and other current assets 819
--------
Total current assets 5,803
PROPERTY, PLANT AND EQUIPMENT
Land 263
Electric generation and distribution assets 18,884
Accumulated depreciation and amortization (1,132)
Construction in progress 2,703
--------
PROPERTY, PLANT AND EQUIPMENT, NET 20,718
OTHER ASSETS
Deferred financing costs 319
Project development costs 101
Investments in and advances to affiliates 3,901
Debt service reserves and other deposits 882
Electricity sales concessions and contracts 1,254
Goodwill 953
Other assets 1,247
--------
TOTAL OTHER ASSETS 8,657
Total $ 35,178
========
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 802
Accrued interest 788
Accrued and other liabilities 1,448
Project financing debt - current portion 2,321
--------
TOTAL CURRENT LIABILITIES 5,359
LONG-TERM LIABILITIES
Project financing debt 12,281
Other notes payable 3,294
Deferred incomes taxes 2,373
Other long-term liabilities 2,817
--------
TOTAL LONG-TERM LIABILITIES 20,765
Minority interest 1,360
TECONS 1,528
Preferred Stocks 41
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 5,569
Retained earnings 2,153
Accumulated other comprehensive loss (1,602)
--------
TOTAL STOCKHOLDERS' EQUITY 6,125
Total $ 35,178
========
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
THE AES CORPORATION
PRO RATA CONSOLIDATED BALANCE SHEET
SEPTEMBER 30, 2000
($ in millions)
ASSETS
<S> <C>
CURRENT ASSETS
Cash and cash equivalents $ 1,106
Short-term investments 286
Accounts receivable, net 1,363
Inventory 505
Receivable from affiliates 37
Deferred income taxes 331
Contract Receivable 543
Prepaid expenses and other current assets 599
---------
Total current assets 4,770
PROPERTY, PLANT AND EQUIPMENT
Land 262
Electric generation and distribution assets 15,353
Accumulated depreciation and amortization (1,061)
Construction in progress 2,453
---------
Property, plant and equipment, net 17,007
OTHER ASSETS
Deferred financing costs,net 309
Project development costs 98
Investments in and advances to affiliates 3,562
Debt service reserves and other deposits 492
Electricity sales concessions and contracts 1,254
Goodwill 953
Other assets 1,025
---------
TOTAL OTHER ASSETS 7,693
Total $ 29,470
=========
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 594
Accrued interest 427
Accrued and other liabilities 1,123
Other notes payable - current portion -
Project financing debt - current portion 2,118
---------
TOTAL CURRENT LIABILITIES 4,262
LONG-TERM LIABILITIES
Project financing debt 11,153
Other notes payable 3,294
Deferred incomes taxes 2,373
Other long-term liabilities 1,453
---------
TOTAL LONG-TERM LIABILITIES 18,273
Minority interest 1,360
TECONS 1,528
Preferred Stocks 41
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 3,788
Retained earnings 1,541
Accumulated other comprehensive loss (1,328)
---------
TOTAL STOCKHOLDERS' EQUITY 4,006
Total $ 29,470
=========
</TABLE>
<PAGE>
CONSOLIDATED STATEMENTS OF INCOME
CILCORP INC. AND SUBSIDIARIES
<TABLE>
<CAPTION>
Twelve Months Ended
9/30/2000
<S> <C>
Revenue:
CILCO Electric $ 383,340
CILCO Gas 186,038
CILCO Other 39,301
Other Businesses 22,786
----------------------------------
Total 631,465
----------------------------------
Operating expenses:
Fuel for generation and purchased power 192,706
Gas purchased for resale 119,309
Other operations and maintenance 125,360
Depreciation and amortization 82,779
Taxes, other than income taxes 39,997
----------------------------------
Total 560,151
----------------------------------
Fixed charges and other:
Interest expense 68,307
Preferred stock dividends of subsidiary 3,273
Allowance for funds used during construction (422)
Other 1,096
----------------------------------
Total 72,254
----------------------------------
Income from continuing operations before
income taxes (940)
Income taxes 2,685
----------------------------------
Net income (loss) from continuing operations (3,625)
Income (Loss) from operations of discontinued
business, net of taxes (213)
Extraordinary Item -
Net income (loss) before minority interest (3,838)
Minority Interest -
----------------------------------
Net income (loss) (3,838)
Other comprehensive income -
----------------------------------
Comprehensive income (loss) $ (3,838)
==================================
</TABLE>
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
CONSOLIDATED STATEMENTS OF INCOME
<TABLE>
<CAPTION>
Twelve Months Ended
09/30/2000
<S> <C>
Operating Revenues:
Electric $ 383,340
Gas 186,038
-------------------
569,378
-------------------
Operating Expenses:
Cost of Fuel 108,079
Cost of Gas 106,463
Purchased Power 46,435
Other Operation & Maintenance Expenses 110,491
Depreciation and Amortization 69,017
Income Taxes 24,414
Other Taxes 39,850
-------------------
Total Operating Expenses 504,749
-------------------
Operating Income 64,629
Other Income and Deductions
CILCO Owned Life Insurance (1,096)
Other, Net (1,262)
-------------------
Total other income and (deductions) (2,358)
-------------------
Income Before Interest Expenses 62,271
Interest Expenses:
Interest on Long-Term Debt 17,997
Cost of Borrowed Funds Capitalized (422)
Other 5,002
-------------------
Total interest expense 22,577
-------------------
Net (loss) Income Before Preferred Dividends 39,694
-------------------
Preferred Stock Dividends 3,273
-------------------
Net Inc Available for Common Stock $ 36,421
===================
</TABLE>
<PAGE>
CILCORP INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands)
<TABLE>
<CAPTION>
September 30,
2000
ASSETS (Unaudited)
<S> <C>
Current assets:
Cash and temporary cash investments $ 15,948
Receivables, less reserves of
$1,090 and $1,296 73,417
Accrued unbilled revenue 21,917
Fuel, at average cost 15,123
Materials and supplies, at
average cost 16,943
Gas in underground storage, at
average cost 31,580
FAC underrecoveries 1,865
Prepayments and other 10,501
----------
Total current assets 187,294
----------
Investments and other property:
Investment in leveraged leases 140,796
Cash surrender value of company-owned
life insurance, net of related
policy loans of $58,454 and $53,558 2,589
Other investments 23,462
----------
Total investments and other
property 166,847
----------
Property, plant and equipment:
Utility plant, at original cost
Electric 670,958
Gas 214,808
----------
885,766
Less - accumulated provision for
depreciation 56,414
----------
829,352
Construction work in progress 54,110
Other, net of depreciation 182
----------
Total property, plant and
equipment 883,644
----------
Other assets
Goodwill, net of accumulated
amortization of $13,598 and $2,881 599,228
Other 74,515
----------
Total other assets 673,743
----------
Total assets $1,911,528
==========
</TABLE>
The accompanying Notes to the Consolidated Financial Statements are an integral
part of these Balance Sheets.
1
<PAGE>
CILCORP INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands)
<TABLE>
<CAPTION>
September 30,
2000
LIABILITIES AND STOCKHOLDERS' EQUITY (Unaudited)
<S> <C>
Current liabilities:
Current portion of long-term debt $ 8,500
Notes payable 121,200
Accounts payable 81,294
Accrued taxes 11,028
Accrued interest 24,280
PGA overrecoveries 117
Other 4,527
----------
Total current liabilities 250,946
----------
Long-term debt 729,969
----------
Deferred credits and other liabilities:
Accumulated deferred income taxes 204,999
Regulatory liability of regulated
subsidiary 17,996
Deferred investment tax credits 16,567
Freeman contract liability 110,107
Other 73,482
----------
Total deferred credits and
other liabilities 423,151
----------
Preferred stock of subsidiary 41,120
----------
Stockholders' equity:
Common stock, no par value;
authorized 10,000 shares -
outstanding 1,000 shares --
Additional Paid-in Capital 468,833
Retained deficit (2,491)
----------
Total stockholders' equity 466,342
----------
Commitments and contingencies
Total liabilities and
stockholders' equity $1,911,528
==========
</TABLE>
The accompanying Notes to the Consolidated Financial Statements are an integral
part of these Balance Sheets.
2
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
Consolidated Balance Sheets
(In thousands)
<TABLE>
<CAPTION>
September 30,
ASSETS 2000
(Unaudited)
<S> <C>
Utility plant, at original cost:
Electric $1,280,853
Gas 438,174
----------
1,719,027
Less - accumulated provision
for depreciation 918,081
----------
800,946
Construction work in progress 54,110
----------
Total utility plant 855,056
----------
Other property and investments:
Cash surrender value of company-owned
life insurance (net of related
policy loans of $58,454 and $53,558) 2,589
Other 1,200
----------
Total other property and
investments 3,789
----------
Current assets:
Cash and temporary cash investments 14,000
Receivables, less reserves of
$1,090 and $1,296 51,461
Accrued unbilled revenue 20,104
Fuel, at average cost 15,123
Materials and supplies,
at average cost 16,020
Gas in underground storage,
at average cost 31,580
Prepaid taxes 6,865
FAC underrecoveries 1,865
Other 10,433
----------
Total current assets 167,451
----------
Deferred debits:
Unamortized loss on reacquired debt 2,752
Unamortized debt expense 1,458
Prepaid pension cost 308
Other 18,169
----------
Total deferred debits 22,687
----------
Total assets $1,048,983
==========
</TABLE>
The accompanying Notes to the Consolidated Financial Statements are an integral
part of these Balance Sheets.
3
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
Consolidated Balance Sheets
(In thousands)
<TABLE>
<CAPTION>
September 30,
CAPITALIZATION AND LIABILITIES 2000
(Unaudited)
<S> <C>
Capitalization:
Common stockholder's equity:
Common stock, no par value;
authorized 20,000,000 shares;
outstanding 13,563,871 shares $ 185,661
Additional Paid-in Capital 27,000
Retained earnings 139,424
Accumulated other comprehensive income (60)
----------
Total common stockholder's equity 352,025
Preferred stock without mandatory
redemption 19,120
Preferred stock with mandatory redemption 22,000
Long-term debt 245,969
----------
Total capitalization 639,114
----------
Current liabilities:
Current maturities of long-term debt --
Notes payable 75,200
Accounts payable 49,954
Accrued taxes 23,715
Accrued interest 4,742
PGA overrecoveries 117
Level payment plan --
Other 4,454
----------
Total current liabilities 158,182
----------
Deferred credits and other liabilities:
Accumulated deferred income taxes 141,655
Regulatory liability 17,996
Deferred investment tax credit 16,567
Capital lease obligation 763
Other 74,706
----------
Total deferred credits and
other liabilities 251,687
----------
Total capitalization and
liabilities $1,048,983
==========
</TABLE>
The accompanying Notes to the Consolidated Financial Statements are an integral
part of these Balance Sheets.
4
<PAGE>
ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED):
CILCO/CILCORP CONTRIBUTIONS TO
AES/CILCORP CONSOLIDATED HOLDING COMPANY
(GAAP BASIS)
($MM)
<TABLE>
<CAPTION>
---------------------------------------------------- ------------------------- ------------------------
12 Mos. 9/30/00 12 Mos. 12/31/99
---------------------------------------------------- ------------------------- ------------------------
<S> <C> <C>
GROSS REVENUES %-CILCO 10.29% 15.14%
CILCO 609 562
AES 5,903 3,253
AES/CILCORP 5,916 3,713
---------------------------------------------------- ------------------------- ------------------------
GROSS REVENUES %-CILCORP 10.67% 15.65%
CILCORP (Including CILCO) 631 581
AES 5,903 3,253
AES/CILCORP 5,916 3,713
---------------------------------------------------- ------------------------- ------------------------
NET OPERATING REVENUES %-CILCO 9.04% 12.69%
CILCO 393 376
AES 4,416 2,655
AES/CILCORP 4,347 2,962
---------------------------------------------------- ------------------------- ------------------------
NET OPERATING REVENUES %-CILCORP 9.25% 13.64%
CILCORP (Including CILCO) 402 404
AES 4,416 2,655
AES/CILCORP 4,347 2,962
---------------------------------------------------- ------------------------- ------------------------
OPERATING INCOME %-CILCO 5.92% 5.78%
CILCO 84 55
AES 1,421 925
AES/CILCORP 1,419 952
---------------------------------------------------- ------------------------- ------------------------
OPERATING INCOME %-CILCORP 5.00% 4.30%
CILCORP (Including CILCO) 71 41
AES 1,421 925
AES/CILCORP 1,419 952
---------------------------------------------------- ------------------------- ------------------------
NET INCOME %-CILCO 6.99% 6.99%
CILCO 36 16
AES 532 228
AES/CILCORP 515 229
---------------------------------------------------- ------------------------- ------------------------
NET INCOME %-CILCORP -0.78% -0.44%
CILCORP (Including CILCO) (4) (1)
AES 532 228
AES/CILCORP 515 229
---------------------------------------------------- ------------------------- ------------------------
NET ASSETS %-CILCO 3.56% 4.86%
CILCO 1,049 1,056
AES 29,470 21,744
AES/CILCORP 29,470 21,744
---------------------------------------------------- ------------------------- ------------------------
NET ASSETS %-CILCORP 6.49% 8.42%
CILCORP (Including CILCO) 1,912 1,831
AES 29,470 21,744
AES/CILCORP 29,470 21,744
---------------------------------------------------- ------------------------- ------------------------
</TABLE>
<PAGE>
CILCO/CILCORP CONTRIBUTIONS TO
AES/CILCORP CONSOLIDATED HOLDING COMPANY
(PRO RATA CONSOLIDATION BASIS)
($MM)
<TABLE>
<CAPTION>
---------------------------------------------------- ------------------------- ------------------------
12 Mos. 9/30/00 12 Mos. 12/31/99
---------------------------------------------------- ------------------------- ------------------------
<S> <C> <C>
GROSS REVENUES %-CILCO 7.66% 11.78%
CILCO 609 562
AES 7,935 4,309
AES/CILCORP 7,948 4,769
---------------------------------------------------- ------------------------- ------------------------
GROSS REVENUES %-CILCORP 7.94% 12.18%
CILCORP (Including CILCO) 631 581
AES 7,935 4,309
AES/CILCORP 7,948 4,769
---------------------------------------------------- ------------------------- ------------------------
NET OPERATING REVENUES %-CILCO 6.14% 9.49%
CILCO 393 376
AES 6,468 3,656
AES/CILCORP 6,398 3,963
---------------------------------------------------- ------------------------- ------------------------
NET OPERATING REVENUES %-CILCORP 6.28% --
CILCORP (Including CILCO) 402
AES 6,468
AES/CILCORP 6,398
---------------------------------------------------- ------------------------- ------------------------
OPERATING INCOME %-CILCO 4.30% 4.29%
CILCO 84 55
AES 1,968 1,256
AES/CILCORP 1,953 1,283
---------------------------------------------------- ------------------------- ------------------------
OPERATING INCOME %-CILCORP 3.63% 3.20%
CILCORP (Including CILCO) 71 41
AES 1,968 1,256
AES/CILCORP 1,953 1,283
---------------------------------------------------- ------------------------- ------------------------
NET INCOME %-CILCO 6.99% 6.99%
CILCO 36 16
AES 532 228
AES/CILCORP 515 229
---------------------------------------------------- ------------------------- ------------------------
NET INCOME %-CILCORP -0.78% -0.44%
CILCORP (Including CILCO) (4) (1)
AES 532 228
AES/CILCORP 515 229
---------------------------------------------------- ------------------------- ------------------------
NET ASSETS %-CILCO 2.98% 4.64%
CILCO 1,049 1,056
AES 35,176 22,759
AES/CILCORP 35,176 22,759
---------------------------------------------------- ------------------------- ------------------------
NET ASSETS %-CILCORP 5.44% 8.05%
CILCORP (Including CILCO) 1,912 1,831
AES 35,176 22,759
AES/CILCORP 35,176 22,759
---------------------------------------------------- ------------------------- ------------------------
</TABLE>
<PAGE>
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION:
AES Generating Plants in Operation at September 30, 2000 (excluding CILCO):
<TABLE>
<CAPTION>
AES AES
Capacity Interest Equity Regulatory
Unit Country (MW) (%) (MW) Status
------- ---- --- ---- ------
<S> <C> <C> <C> <C> <C>
AES Deepwater USA 143 100.00 143.00 QF
AES Beaver Valley USA 125 100.00 125.00 QF
AES Placerita USA 120 100.00 120.00 QF
AES Thames USA 181 100.00 181.00 QF
AES Shady Point USA 320 100.00 320.00 QF
AES Hawaii USA 180 100.00 180.00 QF
AES Warrior Run USA 180 100.00 180.00 QF
AES Eastern Energy (4 plants) USA 1,268 100.00 1,268.00 EWG
AES Alamitos USA 2,083 100.00 2,083.00 EWG
AES Redondo Beach USA 1,310 100.00 1,310.00 EWG
AES Huntington Beach USA 563 100.00 563.00 EWG
AES Kingston Canada 110 50.00 55.00 EWG
AES San Nicholas Argentina 650 69.00 448.50 EWG
AES Cabra Corral Argentina 102 98.00 99.96 FUCO
AES El Tunal Argentina 10 98.00 9.80 FUCO
AES Sarmiento Argentina 33 98.00 32.34 FUCO
AES Ullum Argentina 45 98.00 44.10 FUCO
AES Quebrada Argentina 45 100.00 45.00 FUCO
AES Alicura Argentina 1,000 59.00 590.00 FUCO
Fontes Nova-Light Brazil 144 17.00 24.48 FUCO
Ilha dos Pombos - Light Brazil 164 17.00 27.88 FUCO
Nilo Pecanha - Light Brazil 380 17.00 64.60 FUCO
Pereira Passos - Light Brazil 100 17.00 17.00 FUCO
CEMIG (37 plants) Brazil 5,668 8.70* 493.12 FUCO
EGE Bayano (2 plants) Panama 187 49.00 91.63 FUCO
EGE Chiriqui (2 plants) Panama 90 49.00 44.10 FUCO
AES Los Mina Dom. Rep. 210 100.00 210.00 EWG
ECOGEN (2 plants) Australia 949 100.00 949.00 FUCO
AES Mt. Stuart Australia 288 100.00 288.00 FUCO
AES Xiangci - Cili China 26 51.00 13.26 FUCO
Wuhu China 250 25.00 62.50 FUCO
Yangchun China 15 25.00 3.75 FUCO
Chengdu Lotus City China 48 35.00 16.80 FUCO
AES Jiaozou China 250 70.00 175.00 FUCO
AES Hefei (2 plants) China 115 70.00 80.50 FUCO
AES Chongqing Nanchuan China 50 70.00 35.00 FUCO
AES Ekibastuz Kazakhstan 4,000 100.00 4,000.00 FUCO
AES Ust-Kamenogorsk GES Kazakhstan 331 100.00 331.00 FUCO
AES Shulbinsk GES Kazakhstan 702 100.00 702.00 FUCO
AES Ust-Kamenogorsk TETS Kazakhstan 1,464 100.00 1,464.00 FUCO
AES Leninogorsk TETS Kazakhstan 418 100.00 418.00 FUCO
AES Sogrinsk TETS Kazakhstan 349 100.00 349.00 FUCO
AES Semiplatinsk TETS Kazakhstan 510 100.00 510.00 FUCO
OPGC India 420 49.00 205.80 FUCO
AES Lal Pir Pakistan 351 90.00 315.90 FUCO
AES Pak Gen Pakistan 344 90.00 309.60 FUCO
AES Borsod Hungary 171 100.00 171.00 FUCO
<PAGE>
AES Tisza II Hungary 860 100.00 860.00 FUCO
AES Tiszapalkonya Hungary 250 100.00 250.00 FUCO
AES Elsta Netherlands 405 50.00 202.50 FUCO
Medway U.K. 688 25.00 172.00 FUCO
AES Indian Queens U.K. 140 100.00 140.00 EWG
Kilroot U.K. 520 92.00 478.40 FUCO
Belfast West U.K. 120 92.00 110.40 FUCO
AES Barry U.K. 230 100.00 230.00 FUCO
AES Drax Power Ltd. U.K. 4,065 100.00 4,065.00 FUCO
AES Tiete (10 plants) Brazil 2,650 44.00 1,166.00 FUCO
AES Uruguaiana Brazil 150 100.00 150.00 FUCO
AES Gardabani Georgia 600 100.00 600.00 FUCO
AES Khrami I Georgia 113 100.00 113.00 FUCO
AES Khrami II Georgia 110 100.00 110.00 FUCO
EDC (7 plants) Venezuela 2,265 87.00 1,970.55 FUCO
AES Merida III Mexico 484 55.00 266.20 FUCO
------ ---------
TOTAL - September 30, 2000 40,112 30,054.67
Pct. Of Foreign Generation 83.86% 78.46%
</TABLE>
* CEMIG owns 9% of 36 plants accounting for 5,458 MW and 1% of 1 plant
accounting for 210 MW.
CILCO Generating Plants at September 30, 2000:
<TABLE>
<CAPTION>
AES AES
Capacity Interest Equity Regulatory
Unit Country (MW) (%) (MW) Status
------- ---- --- ---- ------
<S> <C> <C> <C> <C> <C>
Edwards (3 units) USA 740 100.00 740 IL PUC
Duck Creek USA 366 100.00 366 IL PUC
Indian Trails USA 10 100.00 10 IL PUC
Sterling Avenue USA 30 100.00 30 IL PUC
Hallock Power Modules USA 13 100.00 13 IL PUC
Kickapoo Power Modules USA 13 100.00 13 IL PUC
----- -----
TOTAL - September 30, 2000 1,172 1,172
</TABLE>
Revenues from generation capacity - 12 months ended September 30, 2000:
<TABLE>
<S> <C> <C>
CILCO 153 4%
AES (excluding CILCO) 3,464 96%
----- ----
Total 3,617 100%
</TABLE>
CILCO's electric revenues are allocated between electric generation and electric
distribution activities according to utility rate base. AES generation revenues
are derived from the total generation revenues earned by AES subsidiaries times
the percentage ownership interest of AES in those subsidiaries.
There has been no change in the amount of capacity owned by CILCO and a 988 MW
increase in the amount of capacity owned by AES from 29,066.67 to 30,054.67 MW
since June 30, 2000. There has also been an 11.3% increase in the total revenues
earned
5
<PAGE>
from the capacity owned by AES and CILCO since June 30, 2000. The percentage of
total revenues derived from the capacity owned by CILCO has decreased from 5% to
4%.
The physical location of the MW capacity added by AES since June 30, 2000 is in
Mexico and Argentina.
ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION:
<TABLE>
<S> <C>
CILCO elec/gas transmission/distribution assets at September 30, 2000 751
Total AES (excl CILCO) electric distr. assets at June 30, 2000 15,711
------
Total transmission and distribution assets 16,462
CILCO elec/gas transm/distr revenues - 12 mos. September 30, 2000 416
AES (excl CILCO) electric distr. revenues - 12 mos. June 30, 2000 3,853
-----
Total electric/gas transm/distr. revenues 4,269
</TABLE>
CILCO's electric revenues are allocated between electric generation and electric
distribution activities according to utility rate base. AES distribution
revenues are derived from the total distribution revenues earned by AES
subsidiaries times the percentage ownership interest of AES in those
subsidiaries.
The total transmission and distribution assets owned by AES and CILCO have
increased by 1.7% since June 30, 2000 and the total revenues derived from such
assets has increased by 15.3% since June 30, 2000. CILCO's transmission and
distribution assets and the revenues derived from such assets have increased
slightly since June 30, 2000 while AES' transmission and distribution assets and
the revenues derived from such assets have increased more substantially since
June 30, 2000. Accordingly, CILCO's percentage of the total transmission and
distribution assets has remained the same at 4.6% and CILCO's percentage of the
total revenues from such assets has decreased from 11.1% to 9.7% since June 30,
2000.
ITEM (5) PER EXEMPTION ORDER:
CILCO has not sold or transferred any electric and/or gas utility assets to any
affiliate company of the AES consolidated holding company system.
ITEM (6) PER EXEMPTION ORDER:
No application has been made to nor has any order been received from the
Illinois Commerce Commission that involves AES' ownership position or AES'
oversight over the operations of CILCO or CILCORP.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, AES has duly caused this certificate to be signed on its
behalf on this 28th day of November, 2000 by the undersigned thereunto duly
authorized.
The AES Corporation
By: /s/ William R. Luraschi
-----------------------
William R. Luraschi
General Counsel and Secretary
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