<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 June 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: August 29, 2000
<PAGE>
THE AES CORPORATION
SEC FILING PURSUANT TO SECTION 3(A)(5) EXEMPTION ORDER
QUARTER ENDED JUNE 30, 2000
ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED):
1) Statement of Income of The AES Corporation for the 12 months ended
June 30, 2000:
a) 12 months ended June 30, 2000 GAAP consolidated income statement
b) 12 months ended June 30, 2000 pro rata consolidated income statement
2) Balance Sheet of The AES Corporation at June 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 June 30, 2000
4) Statement of Income CILCO for the 12 months ended June 30, 2000
5) Consolidated Balance Sheet of CILCORP Inc. at June 30, 2000
6) Consolidated Balance Sheet of CILCO at June 30, 2000
<PAGE>
THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 - GAAP BASIS
<TABLE>
<CAPTION>
----------------------------------------------------------
TWELVE
MONTHS %
ENDED OF
6/30/00 SALES
----------------------------------------------------------
<S> <C> <C>
($ in millions,
except per
share amounts)
REVENUES:
Sales and services $ 4,989 100%
OPERATING COSTS
AND EXPENSES:
Cost of sales
and services 3,679 74%
Selling, general and
administrative
expenses 88 2%
Provision to reduce
contract receivables 8 --
-------
TOTAL OPERATING COSTS
AND EXPENSES 3,775 76%
-------
OPERATING INCOME 1,214 24%
OTHER INCOME AND
(EXPENSE):
Interest expense (947) -19%
Interest and other
income 173 2%
Foreign currency
transaction gain (loss) 11 --
Equity in earnings of
affiliates (before
income tax) 292 6%
INCOME BEFORE
INCOME TAXES
AND MINORITY
INTEREST 743 15%
Income tax provision 197 4%
Minority interest 67 1%
-------
INCOME BEFORE
EXTRAORDINARY ITEM 479 10%
Extraordinary item, net of tax-
Early extinguishment of debt (24) 0%
-------
NET INCOME $ 455 9%
-------
-------
</TABLE>
<PAGE>
THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED JUNE 30, 2000 - PRORATA BASIS
<TABLE>
<CAPTION>
---------------------------------------------------------
TWELVE
MONTHS %
ENDED OF
6/30/00 SALES
---------------------------------------------------------
<S> <C> <C>
($ in millions,
except per
share amounts)
REVENUES:
Sales and services $ 6,822 100%
OPERATING COSTS
AND EXPENSES:
Cost of sales
and services 4,963 73%
Selling, general and
administrative
expenses 87 1%
Provision to reduce
contract receivables 41 --
-------
TOTAL OPERATING COSTS
AND EXPENSES 5,091 74%
-------
OPERATING INCOME 1,731 26%
OTHER INCOME AND
(EXPENSE):
Interest expense (1,297) -19%
Interest and other
income 264 3%
Foreign currency
transaction gain (loss) 45 --
INCOME BEFORE
INCOME TAXES
AND MINORITY
INTEREST 743 11%
Income tax provision 197 3%
Minority interest 67 1%
-------
INCOME BEFORE
EXTRAORDINARY ITEM 479 7%
Extraordinary item, net of tax-
Early extinguishment of debt (24) 0%
-------
NET INCOME $ 455 7%
-------
-------
</TABLE>
<PAGE>
THE AES CORPORATION
GAAP BASIS CONSOLIDATED BALANCE SHEET
JUNE 30, 2000
<TABLE>
<S> <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 1,200
Short-term investments 190
Accounts receivable, net 1,331
Inventory 437
Receivable from affiliates 33
Deferred income taxes 289
Prepaid revenue receivable (Thames) 543
Prepaid expenses and other current assets 459
--------
TOTAL CURRENT ASSETS 4,482
PROPERTY, PLANT AND EQUIPMENT
Land 276
Electric generation and distribution assets 16,001
Accumulated depreciation and amortization (952)
Construction in progress 1,903
--------
PROPERTY, PLANT AND EQUIPMENT, NET 17,228
OTHER ASSETS
Deferred financing costs 276
Project development costs 93
Investments in and advances to affiliates 3,504
Debt service reserves and other deposits 441
Electricity sales concessions and contracts 1,158
Goodwill 802
Other assets 1,036
--------
TOTAL OTHER ASSETS 7,310
TOTAL $ 29,020
--------
--------
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 398
Accrued interest 257
Accrued and other liabilities 1,379
Project financing debt - current portion 2,192
--------
TOTAL CURRENT LIABILITIES 4,226
LONG-TERM LIABILITIES
Project financing debt 10,911
Other notes payable 2,617
Deferred incomes taxes 2,619
Other long-term liabilities 1,409
--------
TOTAL LONG-TERM LIABILITIES 17,556
Minority interest 1,654
TECONS 1,528
Preferred Stocks 66
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 3,781
Retained earnings 1,406
Accumulated other comprehensive loss (1,202)
--------
TOTAL STOCKHOLDERS' EQUITY 3,990
TOTAL $ 29,020
========
</TABLE>
<PAGE>
THE AES CORPORATION
PRO RATA CONSOLIDATED BALANCE SHEET
JUNE 30, 2000
<TABLE>
<S> <C>
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 1,323
Short-term investments 190
Accounts receivable, net 1,769
Inventory 456
Receivable from affiliates 33
Deferred income taxes 307
Contract Receivable 543
Prepaid expenses and other current assets 645
--------
TOTAL CURRENT ASSETS 5,267
PROPERTY, PLANT AND EQUIPMENT
Land 276
Electric generation and distribution assets 19,567
Accumulated depreciation and amortization (1,011)
Construction in progress 1,913
--------
PROPERTY, PLANT AND EQUIPMENT, NET 20,745
OTHER ASSETS
Deferred financing costs,net 284
Project development costs 96
Investments in and advances to affiliates 3,850
Debt service reserves and other deposits 716
Electricity sales concessions and contracts 1,158
Goodwill 802
Other assets 1,263
--------
TOTAL OTHER ASSETS 8,169
TOTAL $ 34,182
--------
--------
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 565
Accrued interest 499
Accrued and other liabilities 1,705
Other notes payable - current portion 25
Project financing debt - current portion 2,550
--------
TOTAL CURRENT LIABILITIES 5,344
LONG-TERM LIABILITIES
Project financing debt 11,707
Other notes payable 2,617
Deferred incomes taxes 2,619
Other long-term liabilities 2,397
--------
TOTAL LONG-TERM LIABILITIES 19,340
Minority interest 1,654
TECONS 1,528
Preferred Stocks 66
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 5,374
Retained earnings 1,953
Accumulated other comprehensive loss (1,082)
--------
TOTAL STOCKHOLDERS' EQUITY 6,251
TOTAL $ 34,182
--------
--------
</TABLE>
<PAGE>
CILCORP CONSOLIDATED
INCOME STATMENT
<TABLE>
<CAPTION>
Twelve Months Ended
6/30/00
<S> <C>
Revenue:
CILCO Electric $ 384,954
CILCO Gas 181,348
CILCO Other 22,635
Other Businesses 18,164
---------
Total 607,101
---------
Operating Expenses:
Fuel for Generation and Purchased Power 172,219
Gas Purchased for Resale 110,872
Other Operations and Maintenance 158,760
Depreciation and Amortization 78,067
Taxes, Other than Income Taxes 39,970
---------
Total 559,888
---------
Fixed Charges and Other:
Interest Expense 57,214
Preferred Stock Dividends of Subsidiary 3,536
Allowance for Funds Used During Construction (334)
Other 1,052
---------
Total 61,468
---------
Income From Continuing Operations Before
Income Taxes (14,255)
Income Taxes (3,499)
---------
Net Income (Loss) From Continuing Operations (10,756)
Income (Loss) From Operations of Discontinued
Business, Net of Taxes (213)
Extraordinary Item --
---------
Net Income (Loss) Before Minority Interest (10,969)
Minority Interest --
---------
Net Income (Loss) (10,969)
Other Comprehensive Income --
---------
Comprehensive Income (Loss) $ (10,969)
---------
---------
</TABLE>
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
CONSOLIDATED STATEMENTS OF INCOME
<TABLE>
<CAPTION>
Twelve Months Ended
-------------------
06/30/2000
<S> <C>
Operating Revenues:
Electric $ 384,954
Gas 181,348
---------
566,302
---------
Operating Expenses:
Cost of Fuel 84,634
Cost of Gas 101,881
Purchased Power 66,228
Other Operation & Maintenance Expenses 141,541
Depreciation and Amortization 67,802
Income Taxes 15,157
Other Taxes 39,822
---------
Total Operating Expenses 517,065
---------
Operating Income 49,237
Other Income and Deductions
CILCO Owned Life Insurance (1,052)
Other, Net (107)
---------
Total other income and (deductions) (1,159)
---------
Income Before Interest Expenses 48,078
Interest Expenses:
Interest on Long-Term Debt 18,477
Cost of Borrowed Funds Capitalized (334)
Other 4,268
---------
Total interest expense 22,411
---------
Net (loss) Income Before Preferred Dividends 25,667
---------
Preferred Stock Dividends 3,536
---------
Net Inc Available for Common Stock $ 22,131
---------
---------
</TABLE>
<PAGE>
CILCORP INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
<TABLE>
<CAPTION>
June 30,
2000
-----------
(Unaudited)
<S> <C>
ASSETS
Current assets:
Cash and temporary cash investments $ 4,252
Receivables, less reserves of $1,260 64,848
Accrued unbilled revenue 26,585
Fuel, at average cost 14,029
Materials and supplies, at
average cost 16,839
Gas in underground storage, at
average cost 14,391
FAC underrecoveries 5,135
Prepayments and other 13,078
----------
Total current assets 159,157
----------
Investments and other property:
Investment in leveraged leases 140,132
Cash surrender value of company-owned
life insurance, net of related
policy loans of $57,520 2,656
Other investments 23,827
----------
Total investments and other
property 166,615
----------
Property, plant and equipment:
Utility plant, at original cost
Electric 631,948
Gas 210,746
----------
842,694
Less - accumulated provision for
depreciation 39,763
----------
802,931
Construction work in progress 50,034
Other, net of depreciation 220
----------
Total property, plant and
equipment 853,185
----------
Other assets
Goodwill, net of accumulated
amortization of $10,026 564,160
Other 60,803
----------
Total other assets 624,963
----------
Total assets $1,803,920
----------
----------
</TABLE>
<PAGE>
CILCORP INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
<TABLE>
<CAPTION>
June 30,
2000
-----------
(Unaudited)
<S> <C>
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt $ --
Notes payable 99,700
Accounts payable 51,498
Accrued taxes 7,350
Accrued interest 16,887
PGA overrecoveries 2,465
Other 3,560
-----------
Total current liabilities 181,460
-----------
Long-term debt 738,457
-----------
Deferred credits and other liabilities:
Accumulated deferred income taxes 239,414
Regulatory liability of regulated
subsidiary 22,453
Deferred investment tax credits 16,975
Other 74,372
-----------
Total deferred credits and
other liabilities 353,214
-----------
Preferred stock of subsidiary 66,120
-----------
Stockholders' equity:
Common stock, no par value;
authorized 10,000 shares -
outstanding 1,000 shares --
Additional Paid-in Capital 468,833
Retained deficit (4,164)
-----------
Total stockholders' equity 464,669
-----------
Commitments and contingencies
Total liabilities and
stockholders' equity $ 1,803,920
-----------
-----------
</TABLE>
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
<TABLE>
<CAPTION>
June 30,
2000
-----------
(Unaudited)
<S> <C>
ASSETS
Utility plant, at original cost:
Electric $1,270,248
Gas 434,113
----------
1,704,361
Less - accumulated provision
for depreciation 901,430
----------
802,931
Construction work in progress 50,034
----------
Total utility plant 852,965
----------
Other property and investments:
Cash surrender value of company-owned
life insurance (net of related
policy loans of $57,520) 2,656
Other 1,192
----------
Total other property and
investments 3,848
----------
Current assets:
Cash and temporary cash investments 2,830
Receivables, less reserves of $1,260 45,583
Accrued unbilled revenue 25,069
Fuel, at average cost 14,029
Materials and supplies,
at average cost 16,464
Gas in underground storage,
at average cost 14,391
Prepaid taxes 6,778
FAC underrecoveries 5,135
Other 13,000
----------
Total current assets 143,279
----------
Deferred debits:
Unamortized loss on reacquired debt 2,813
Unamortized debt expense 1,488
Prepaid pension cost 308
Other 26,974
----------
Total deferred debits 31,583
----------
Total assets $1,031,675
----------
----------
</TABLE>
<PAGE>
CENTRAL ILLINOIS LIGHT COMPANY
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS)
<TABLE>
<CAPTION>
June 30,
2000
-----------
(Unaudited)
<S> <C>
CAPITALIZATION AND LIABILITIES
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 126,275
Accumulated other comprehensive income (60)
-----------
Total common stockholder's equity 338,876
Preferred stock without mandatory
redemption 44,120
Preferred stock with mandatory redemption 22,000
Long-term debt 245,957
-----------
Total capitalization 650,953
-----------
Current liabilities:
Current maturities of long-term debt --
Notes payable 56,700
Accounts payable 40,859
Accrued taxes 13,449
Accrued interest 7,802
PGA overrecoveries 2,465
Level payment plan 1
Other 3,487
-----------
Total current liabilities 124,763
-----------
Deferred credits and other liabilities:
Accumulated deferred income taxes 139,795
Regulatory liability 22,453
Deferred investment tax credit 16,975
Capital lease obligation 906
Other 75,830
-----------
Total deferred credits and
other liabilities 255,959
-----------
Total capitalization and
liabilities $ 1,031,675
-----------
-----------
</TABLE>
<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. 6/30/00 12 Mos. 12/31/99
--------------------------------------------------------------------------------
<S> <C> <C>
GROSS REVENUES %-CILCO 11.42% 15.14%
CILCO 589 562
AES 4,989 3,253
AES/CILCORP 5,159 3,713
--------------------------------------------------------------------------------
GROSS REVENUES %-CILCORP 11.76% 15.65%
CILCORP (Including CILCO) 607 581
AES 4,989 3,253
AES/CILCORP 5,159 3,713
--------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCO 9.65% 12.69%
CILCO 401 376
AES 4,088 2,655
AES/CILCORP 4,154 2,962
--------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCORP 9.87% 13.64%
CILCORP (Including CILCO) 410 404
AES 4,088 2,655
AES/CILCORP 4,154 2,962
--------------------------------------------------------------------------------
OPERATING INCOME %-CILCO 5.07% 5.78%
CILCO 61 55
AES 1,214 925
AES/CILCORP 1,203 952
--------------------------------------------------------------------------------
OPERATING INCOME %-CILCORP 3.91% 4.30%
CILCORP (Including CILCO) 47 41
AES 1,214 925
AES/CILCORP 1,203 952
--------------------------------------------------------------------------------
NET INCOME %-CILCO 5% 6.99%
CILCO 22 16
AES 455 228
AES/CILCORP 440 229
--------------------------------------------------------------------------------
NET INCOME %-CILCORP -2.5% -.44%
CILCORP (Including CILCO) (11) (1)
AES 455 228
AES/CILCORP 440 229
--------------------------------------------------------------------------------
NET ASSETS %-CILCO 3.56% 4.86%
CILCO 1,032 1,056
AES 29,020 21,744
AES/CILCORP 29,020 21,744
--------------------------------------------------------------------------------
NET ASSETS %-CILCORP 6.22% 8.42%
CILCORP (Including CILCO) 1,804 1,831
AES 29,020 21,744
AES/CILCORP 29,020 21,744
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
CILCO/CILCORP Contributions To
AES/CILCORP CONSOLIDATED HOLDING COMPANY
(PRO RATA CONSOLIDATION BASIS)
($MM)
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
12 Mos. 6/30/00 12 Mos. 12/31/99
--------------------------------------------------------------------------------
<S> <C> <C>
GROSS REVENUES %-CILCO 8.42% 11.78%
CILCO 589 562
AES 6,822 4,309
AES/CILCORP 6,992 4,769
--------------------------------------------------------------------------------
GROSS REVENUES %-CILCORP 8.68% 12.18%
CILCORP (Including CILCO) 607 581
AES 6,822 4,309
AES/CILCORP 6,992 4,769
--------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCO 5.82% 9.49%
CILCO 401 376
AES 5,857 3,656
AES/CILCORP 6,888 3,963
--------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCORP 5.95% 10.19%
CILCORP (Including CILCO) 410 404
AES 5,857 3,656
AES/CILCORP 6,888 3,963
--------------------------------------------------------------------------------
OPERATING INCOME %-CILCO 3.54% 4.29%
CILCO 61 55
AES 1,731 1,256
AES/CILCORP 1,721 1,283
--------------------------------------------------------------------------------
OPERATING INCOME %-CILCORP 2.73% 3.20%
CILCORP (Including CILCO) 47 41
AES 1,731 1,256
AES/CILCORP 1,721 1,283
--------------------------------------------------------------------------------
NET INCOME %-CILCO 5% 6.99%
CILCO 22 16
AES 455 228
AES/CILCORP 440 229
--------------------------------------------------------------------------------
NET INCOME %-CILCORP -2.5% -44%
CILCORP (Including CILCO) (11) (1)
AES 455 228
AES/CILCORP 440 229
--------------------------------------------------------------------------------
NET ASSETS %-CILCO 3% 4.64%
CILCO 1,032 1,056
AES 34,182 22,759
AES/CILCORP 34,182 22,759
--------------------------------------------------------------------------------
NET ASSETS %-CILCORP 5.27% 8.05%
CILCORP (Including CILCO) 1,804 1,831
AES 34,182 22,759
AES/CILCORP 34,182 22,759
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION:
AES Generating Plants in Operation at June 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 (6 plants) USA 1,437 100.00 1,437.00 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
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 Panama 192 49.00 94.08 FUCO
EGE Chiriqui Panama 90 49.00 44.10 FUCO
AES Los Mina Dom. Rep. 210 100.00 210.00 EWG
ECOGEN (2 plants) Australia 966 100.00 966.00 FUCO
AES Mt. Stuart Australia 288 100.00 288.00 FUCO
AES Xiangci - Cili China 26 51.00 13.26 FUCO
AES Wuxi China 63 55.00 34.65 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 China 115 70.00 80.50 FUCO
AES Changqing Nanchuan China 50 70.00 35.00 FUCO
AES Ekibastuz Kazakhstan 4,000 100.00 4,000.00 FUCO
AES Ust-Kamenogorsk GES Kazakhstan 332 100.00 332.00 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
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C> <C> <C> <C>
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. 3960 100.00 3,960 FUCO
AES Tiete (10 plants) Brazil 2644 39.00 1,031 FUCO
AES Uruguaiana Brazil 150 100.00 150 FUCO
AES Mtkvari Georgia 600 100.00 600 FUCO
AES Khrami I Georgia 113 100.00 113 FUCO
AES Khrami II Georgia 110 100.00 110 FUCO
EDC (7 plants) Venezuela 2,265 81.00 1834.65 FUCO
TOTAL - June 30, 2000 38,772 29,066.67
------ ---------
Pct. Of Foreign Generation 82.87% 77.15%
</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 June 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 - June 30, 2000 1,172 1,172
</TABLE>
Revenues from generation capacity - 12 months ended June 30, 2000:
<TABLE>
<S> <C> <C>
CILCO 154 5%
AES (excluding CILCO) 3,096 95%
Total 3,250 100%
</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 a 26 MW increase in the amount of capacity owned by CILCO from
1,146 to 1,172 MW and a 6,009.68 MW increase in the amount of capacity owned
by AES from 23,056.99 to 29,066.67 MW since March 31, 2000. There has also
been a 13.3% increase in the total revenues earned from the capacity owned by
AES and CILCO since
<PAGE>
March 31, 2000. The percentage of total revenues derived from the capacity owned
by CILCO has remained the same at 5%.
The physical location of the MW capacity added by CILCO since March 31, 2000 is
all in the state of Illinois. The physical location of the MW capacity added by
AES since March 31, 2000 is in the Republic of Georgia, Venezuela and Brazil.
ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION:
<TABLE>
<S> <C>
CILCO elec/gas transmission/distribution assets at June 30, 2000 739
Total AES (excl CILCO) electric distr. assets at June 30, 2000 15,451
------
Total transmission and distribution assets 16,190
CILCO elec/gas transm/distr. revenues - 12 mos. June 30, 2000 412
AES (excl CILCO) electric distr. revenues - 12 mos. June 30, 2000 3,289
------
Total electric/gas transm/distr. revenues 3,701
</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 has
increased by 38.7% since March 31, 2000 and the total revenues derived from such
assets has increased by 28.4% since March 31, 2000. CILCO's transmission and
distribution assets and the revenues derived from such assets has slightly
increased since March 31, 2000 while AES' transmission and distribution assets
and the revenues derived from such assets has substantially increased since
March 31, 2000. Accordingly, CILCO's percentage of the total transmission and
distribution assets has decreased from 6.2% to 4.6% and CILCO's percentage of
the total revenues from such assets has decreased from 13.9% to 11.1% since
March 31, 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 29th day of August, 2000 by the undersigned thereunto duly
authorized.
The AES Corporation
By: /s/ William R. Luraschi
-----------------------------
William R. Luraschi
General Counsel and Secretary
