SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U-3A-2
Statement by Holding Company Claiming Exemption
Under Rule U-3A-2 from the Provisions of the
Public Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
CONSOLIDATED EDISON, INC.
hereby files with the Securities Exchange Commission, pursuant to Rule 2, its
statement claiming exemption as a holding company from the provisions of the
Public Utility Holding Company Act of 1935, and submits the following
information:
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.
Consolidated Edison, Inc. ("Claimant") is a corporation organized and existing
under the laws of the State of New York. Claimant is a holding company, which
acquires and hold securities of other corporations. Claimant's principal place
of business is 4 Irving Place, New York, New York 10003. Claimant has the
following subsidiaries:
A. Consolidated Edison Company of New York, Inc. ("Con Edison") is a public
utility organized and existing as a corporation under the laws of the State of
New York. Con Edison supplies electric service in all of New York City (except
part of Queens) and most of Westchester County, New York, an approximately 660
square mile service area with a population of more than 8 million. It also
supplies gas in Manhattan, The Bronx and parts of Queens and Westchester, and
steam in part of Manhattan. All of Con Edison's Common Stock is held by
Claimant. Con Edison's principal place of business is 4 Irving Place, New York,
N.Y. 10003. Con Edison has the following subsidiaries:
1. Davids Island Development Corp. ("DIDCO") is organized and existing as a
corporation under the laws of the State of New York. It owns real property,
acquired as a possible site for an electric generating plant, in Dutchess and
Columbia Counties in New York State. It is in the process of disposing of the
property. It is a wholly-owned subsidiary of Con Edison. Its principal place of
business is 4 Irving Place, New York, N.Y. 10003.
2. D.C.K. Management Corp. ("DCK") is a corporation organized and existing
as a corporation under the laws of the State of New York. It owns real property
in the City of New York. It is a wholly-owned subsidiary of Con Edison. Its
principal place of business is 4 Irving Place New York, N.Y. 10003.
3. Honeoye Storage Corporation ("Honeoye") a corporation organized and
existing under the laws of the State of New York. It was incorporated to own and
operate a gas storage facility in upstate New York. It is 28.81 percent owned by
Con Edison.
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4. Steam House Leasing LLC ("SHL"), a Delaware Limited Liability
Company, a wholly owned subsidiary of Con Edison that leases a steam generating
plant that produces steam for Con Edison's steam distribution business. Its
principal place of business is 4 Irving Place New York, N.Y. 10003.
B. Orange and Rockland Utilities, Inc. ("O&R") is a public utility organized and
existing as a corporation under the laws of New York. O&R provides service to
about 204,000 electric and 114,000 gas customers in New York in a service area
covering all of Rockland County, most of Orange County, and part of Sullivan
County. All of O&R's Common Stock is held by Claimant. O&R's principal place of
business is One Blue Hill Plaza, Pearl River, N.Y. 10965. O&R has the following
subsidiaries:
1. Rockland Electric Company ("RECO") is a public utility organized and
existing as a corporation under the laws of a New Jersey. RECO supplies electric
service to about 69,000 customers in New Jersey in the northern parts of Bergen
and Passaic Counties and small areas in northern Sussex County. All of RECO's
Common Stock is held by O&R. RECO's principal place of business is 82 East
Allendale Avenue, Saddle River, N. J. 07458. RECO has the following
subsidiaries:
a. Saddle River Holdings Corp. ("SRH"), a wholly-owned subsidiary of RECO,
organized and existing as a corporation under the laws of Delaware. All of SRH's
Common Stock is held by RECO. SRH's principal place of business is One Blue Hill
Plaza, Pearl River, N.Y. 10965. SRH has the following subsidiaries:
(i) NORSTAR Holdings, Inc. ("NHI"), a wholly-owned subsidiary of SRH,
organized and existing as a corporation under the laws of Delaware. NHI's
principal place of business is One Blue Hill Plaza, Pearl River, N.Y. 10965. NHI
has the following subsidiaries:
(A) NORSTAR Energy Limited Partnership ("NORSTAR") is an inactive gas
marketing limited partnership organized and existing under the laws of Delaware
in which NHI holds a 100% partnership interest. NORSTAR is the majority owner
and NHI is the minority owner of NORSTAR Energy Pipeline Company, LLC
("Pipeline"), a Delaware limited liability company, which is inactive. The
principal place of business of both NORSTAR and Pipeline are One Blue Hill
Plaza, Pearl River, N.Y. 10965.
(B) Millbrook Holdings, Inc. ("Millbrook") which Is organized and existing
as a corporation under the laws of Delaware, holds a leasehold interest in
non-utility real estate in Morris County, New Jersey. Millbrook's principal
place of business is One Blue Hill Plaza, Pearl River, N.Y. 10965.
b. Enserve Holdings, Inc. ("Enserve"), a wholly-owned subsidiary of RECO,
organized and existing as a corporation under the laws of Delaware. All of
Enserve's Common Stock is held by RECO. Enserve is currently inactive. Enserve's
principal place of business is One Blue Hill Plaza, Pearl River, N.Y. 10965.
2. Pike County Light & Power Company ("Pike"), a public utility
organized and existing as a corporation under the laws of Pennsylvania. Pike
supplies electricity to about 4,200 customers and gas to about 1,000 customers
in the northeastern corner of Pike County, Pennsylvania. All of Pike's Common
Stock is held by O&R. Pike's principal place of business is 219 1/2 Broad
Street, Milford, Pennsylvania 18337.
3. Clove Development Corporation ("Clove") is an inactive real estate
sales company, organized and existing as a corporation under the laws of New
York. Clove no longer owns any real estate; its sole assets are cash and
mortgage receivables. All of Clove's common stock is held by O&R. Clove's
principal place of business is One Blue Hill Plaza, Pearl River, N.Y. 10965.
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4. O&R Development, Inc. ("ORDEVCO"), commercial real estate development
company, organized and existing as a corporation under the laws of Delaware,
whose principal asset is land located at the Interchange Commerce Center in
Harriman, New York. All of ORDEVCO's common stock is held by O&R. ORDEVCO's
principal place of business is One Blue Hill Plaza, Pearl River, N.Y. 10965.
5. O&R Energy Development, Inc. ("ORED") is an inactive oil and gas
development company, organized and existing as a corporation under the laws of
Delaware. All of ORED's common stock is held by O&R. ORED's principal place of
business is One Blue Hill Plaza, Pearl River, N.Y. 10965.
C. Consolidated Edison Solutions, Inc. ("CES") is organized and existing as a
corporation under the laws of the State of New York. It is in the business of
providing wholesale and retail energy and related services. It is a wholly-owned
subsidiary of Claimant. Its principal place of business is 701 Westchester
Avenue, Suite 301 West, White Plains, N.Y. 10604. CES has the following
subsidiaries:
1. CES has a 50% interest in Inventory Management & Distribution Company,
Inc. ("IMD"), an energy marketing company, organized and existing as a
corporation under the laws of Delaware. IMD's principal place of business is
5599 San Felipe, Suite 870, Houston, TX 77056. IMD is in the process of being
dissolved. It's results of operations and financial position were not
consolidated with those of Claimant for 2000.
2. CES has a 14.4% interest in Remote Source Lighting International, Inc.
("RSLI"), a lighting technology company, organized and existing as a corporation
under the laws of Delaware. RSLI's principal place of business is 120
Southcenter Court, Suite 200, Morrisville NC 27560. RSLI results of operations
and financial position were not consolidated with those of Claimant for 2000.
D. Consolidated Edison Development, Inc. ("CEDI") is organized and existing as a
corporation under the laws of New York. It is in the business of investing in
foreign and domestic energy and other infrastructure projects. It is a
wholly-owned subsidiary of Claimant. Its principal place of business is 111
Broadway, 16th Floor, New York, N.Y. 10006. CEDI has the following subsidiaries:
1. Con Edison Development Guatemala, Ltd. ("CEDG") a corporation organized
and existing under the laws of the Cayman Islands. It is in the business of
investing in energy projects in Central America. It is a wholly-owned subsidiary
of CEDI. Its principal place of business is c/o Maples and Calder,
Attorneys-at-Law, Ugland House, South Church Street, P.O. Box 309, George Town,
Grand Cayman, Cayman Islands, British West Indies. CEDG has the following
subsidiary:
a. Energy Finance Partners of Central America ("EPCA") is a limited
partnership organized and existing under the laws of the Cayman Islands. It was
organized to invest in an electric power project in Guatemala. CEDG owns an
approximately 99.99% interest in EPCA. EPCA's principal place of business is
c/o Maples and Calder, Attorneys-at-Law, Ugland House, South Church Street,
P.O. Box 309, George Town, Grand Cayman, Cayman Islands, British West Indies.
EPCA has the following subsidiary:
(i) EPCA has a 49% interest in Generadora Electrica del Norte,
S.R.L., ("Genor") a foreign utility company. See Item 4, below.
2. Consolidated Edison Leasing, Inc. ("CEL"), a corporation organized and
existing under the laws of Delaware. CEL is a wholly-owned subsidiary of CEDI
which has an investment in a leveraged lease transaction. CEL's principal place
of business is c/o Consolidated Edison Development, 111 Broadway, 16th Floor,
New York, New York 10006.
3. Con Edison Leasing, LLC. ("CELLLC"), a limited liability company
organized and existing under the laws of Delaware. CELLLC is a wholly-owned
subsidiary of CEDI which has an investment in a leveraged lease transaction.
CELLLC's principal place of business is c/o Consolidated Edison Development, 111
Broadway, 16th Floor, New York, New York 10006.
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4. CED Ada, Inc. ("CEDA"), a corporation organized and existing under the
laws of the state of Delaware. CEDA, a wholly-owned subisidiary of CEDI, was
organized to invest in a power plant in Michigan. CEDA's principal place of
business is c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New
York, New York 10006. CEDA has the following subsidiary:
a. CED/DELTA Ada, LLC. ("CDA"), a limited liability company organized
and existing under the laws of Delaware. CEDA owns an approximate 96 percent
interest in CDA. CDA's principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006. CDA has the
following subsidiary:
(i) CDA owns a 49.5 percent limited partnership interest and a
0.5 percent general partnership interest in Ada Cogeneration Limited Partnership
("ACLP") which owns a 30 megawatt gas-fired qualifying cogeneration facility
under the Public Utility Regulatory Policy Act of 1977 in Ada, Michigan.
5. Carson Acquisition, Inc. ("CAI"), a Corporation organized and existing
under the laws of Delaware. CAI was organized to invest in a power plant in
California. CAI's principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006. CAI is
currently inactive.
6. CED/SCS Newington, LLC ("CED/SCS"), a Delaware limited liability
company, approximately 95% of which is owned by CEDI. CED/SCS's
principal place of business is c/o Consolidated Edison Development, 111
Broadway, 16th Floor, New York, New York 10006. CED/SCS has the following
subsidiary:
a. Newington Energy, LLC "(NELLC") a Delaware limited liability
company wholly-owned by CED/SCS. NELLC is currently developing a 525 MW electric
generating facility in Newington, New Hampshire, which will qualify as an exempt
wholesale generator ("EWG"). See Item 4. NELLC's principal place of
business is c/o Consolidated Edison Development, 111 Broadway, 16th Floor,
New York, New York 10006
7. CED Generation Holding Company, LLC, a Delaware limited liability
company ("CED Holding") wholly-owned by CEDI. CED Holding's principal place of
business is c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New
York, New York 10006. CED Holding has the following subsidiaries:
a. CED Management Company, Inc., a Delaware corporation ("CED
Management") wholly-owned by CED Holding. CED management owns 1% of CED
Operating. CED Management's principal place of business is c/o Consolidated
Edison Development, 111 Broadway, 16th Floor, New York, New York 10006.
b. CED Operating Company, L.P., a Delaware limited partnership
("CED Operating") in which CED Holding owns a 99% limited partners interest. CED
Management owns a 1% limited partners interest in CED Operating and serves as
its general partner. CED Operating provides operating and administrative
services to Lakewood. CED Operating's principal place of business is c/o
Consolidated Edison Development, 111 Broadway, 16th Floor, New York,
New York 10006.
c. CED-Lakewood, Inc., a New York corporation ("CEDL")
wholly-owned by CED Holding, which in turn owns 100% of CED Generation Lakewood
Company, a Delaware corporation ("CGLC"). CEDL and CGLC each owns a 1% general
partners interest in Lakewood Cogen. CEDL and CGLC's principal place of business
is c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New York, New
York 10006 principal place of business is c/o Consolidated Edison Development,
111 Broadway, 16th Floor, New York, New York 10006.
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d. Lakewood Cogen, a Delaware limited partnership ("Lakewood") in
which CED Holding has a 78% limited partner interest and CEDL and CGLC each owns
a 1% general partner interest. Lakewood owns a 236 MW power plant located in
Lakewood, New Jersey. Lakewood Cogen's principal place of business is
c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New York, New
York 10006. Lakewood is an EWG. See Item 4.
8. Ocean Peaking Power Management, Inc. ("OPPM") and Ocean Peaking Power
Investors, Inc. ("OPPI"), each of which is a corporation organized and existing
under the laws of Delaware, wholly-owned by CEDI. OPPM owns a 1% general partner
interest, and OPPI owns a 99% limited partner interest, in Ocean Peaking Power,
L.P., a Delaware limited partnership ("OPPLP" and, together with OPPM and OPPI,
"OP"). It is anticipated that OPPLP will be used in connection with the
development of a 500 MW peaking power plant located on the site of the Lakewood
generating plant. OP's principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006.
9. Consolidated Edison Energy Massachusetts, Inc. ("CEEMI"), a
corporation organized and existing under the laws of Massachsetts,
wholly-owned by CEDI. CEEMI was established for the purpose of owning and
operating 290 MW of generation facilities acquired from Western Massachusetts
Electric Company. CEEMI's principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006. CEEI is an EWG.
See Item 4.
10. CED-GTM 1, LLC ("CED/GTM"), a Delaware limited liability company,
wholly-owned by CEDI. CED/GTM's principal place of business is c/o Consolidated
Edison Development, 111 Broadway, 16th Floor, New York, New York 10006. CED/GTM
has the following subsidiary:
a. GTM Energy LLC ("GTM Energy"), a Delaware limited liability
company in which CED/GTM has an approximately one-half interest. GTM Energy was
formed to pursue opportunities to develop electric generating facilities. GTM
Energy is currently inactive. GTM Energy's principal place of business is c/o
Consolidated Edison Development, 111 Broadway, 16th Floor, New York, New York
10006.
11. CEDST, LLC ("CEDST"), a Delaware limited liability company,
wholly-owned by CEDI. CEDST principal place of business is c/o Consolidated
Edison Development, 111 Broadway, 16th Floor, New York, New York 10006. CEDST
has the following subsidiary:
a. CED 42, LLC ("CED42"), a Delaware limited liability company,
wholly-owned by CEDST. CED42 and CEDST were formed to invest in a low-income
housing transaction, which will generate tax credits under Section 42 of the
Internal Revenue Code of 1986, as amended. CED42's principal place of business
is c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New York, New
York 10006
12. CED Rock Springs, Inc. ("CEDRS"), a corporation organized and
existing under the laws of Delaware, wholly-owned by CEDI. CEDRS was formed to
potentially construct a 165MW electric generating combustion turbine, which
would be part of a larger electric generating facility to be located in Rock
Springs, Maryland. CEDRS' principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006.
13. Con Edison Development Guatemala Acquisition and Finance, Ltd.
("CEDGAF") a corporation organized under the laws of the Cayman Islands,
wholly-owned by CEDI. CEDAF owns a .01% interest in EPCA. CEDGAF's principal
place of business is c/o Consolidated Edison Development, 111 Broadway, 16th
Floor, New York, New York 10006.
14. Con Edison El Salvador One, Ltd ("CEES"), a corporation organized
under the laws of the Cayman Islands, wholly-owned by CEDI. CEES, which has no
assets or operations, was organized in connection with a potential investment in
El Salvador, which was never made. CEES' principal place of business is c/o
Consolidated Edison Development, 111 Broadway, 16th Floor, New York, New York
10006.
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E. Consolidated Edison Energy, Inc. ("CEEI"), a corporation organized and
existing under the laws of the State of New York. CEEI markets specialized
energy supply services to wholesale customers. CEEI is a wholly-owned subsidiary
of Claimant. CEEI's principal place of business is 701 Westchester Avenue, Suite
201 West, White Plains, N.Y. 10604.
F. Consolidated Edison Communications, Inc. ("CECI"), a corporation organized
and existing under the laws of the State of New York. CECI was incorporated in
November 1997 to own, lease, operate or invest in facilities used for
telecommunications or otherwise compete in the telecommunications industry. CECI
is a wholly-owned subsidiary of Claimant. CECI's principal place of business is
132 W. 31 Street, New York, N.Y. 10001. CECI has the following subsidiary:
1. CECI has an 11.6% interest in NEON Communications Inc., a corporation
organized and existing under the laws of Delaware, which owns all the
outstanding shares of capital stock of NEON Optica, Inc., a corporation
organized and existing under the laws of Delaware, (together with Neon
Communications, Inc., "NEON"). NEON operates a fiber optic network ("NEON").
NEON's principal place of business is 2200 West Park Drive, Westborough,
Massachusetts 01581.
G. Consolidated Edison, Inc. (originally incorporated as CWB Holdings, Inc.), a
corporation organized and existing under the laws of Delaware and wholly-owned
by Claimant which owns a 99% interest in each of N Acquisition LLC and X Holding
LLC, each of which is a limited liability company organized and existing under
the laws of Massachusetts. N Acquisition LLC owns the remaining 1% interest in X
Holding LLC and X Holding LLC owns the remaining 1% interest in N Acquisition
LLC. These entities were established in connection with Claimant's October 1999
agreement to acquire Northeast Utilities and are collectively referred to herein
as the "Merger Subs." The Merger Subs' principal place of business is c/o
Consolidated Edison, Inc., 4 Irving Place, New York, N.Y. 10003.
2. A brief description of the properties of claimant and each of its subsidiary
public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production,
transmission, and distribution of natural or manufactured gas, indicating
the location of principal generating plants, transmission lines, producing
fields, gas manufacturing plants, and electric and gas distribution
facilities, including all such properties which are outside the State in
which claimant and its subsidiaries are organized and all transmission or
pipelines which deliver or receive electric energy or gas at the borders of
such State.
Claimant is organized and existing under the laws of New York and does not own
any such utility properties. Claimant's subsidiary public utility companies are
Con Edison, O&R, RECO and Pike. Con Edison and O&R are organized and existing
under the laws of New York. RECO and Pike are organized and existing under the
laws of New Jersey and Pennsylvania, respectively.
Con Edison owns approximately 1,500 MW of electric generating facilities,
including its approximately 1,000 MW Indian Point 2 nuclear generating plant
located in Westchester County, New York (the sale of which is pending) and
steam-electric generating plants located in New York City, New York.
At December 31, 2000, Con Edison's transmission system had approximately 432
miles of overhead circuits operating at 138, 230, 345 and 500 kilovolts and
approximately 381 miles of underground circuits operating at 138 and 345
kilovolts. There are approximately 267 miles of radial subtransmission circuits
operating at 69 and 138 kilovolts. The company's 14 transmission
substations, supplied by circuits operated at 69 kilovolts and above,
have a total transformer capacity of approximately 15,731 megavolt
amperes. The company's transmission facilities are located in New York City
and Westchester, Orange, Rockland, Putnam and Dutchess counties
in New York State.
Con Edison has transmission interconnections with Niagara Mohawk, Central Hudson
Gas & Electric Corporation, O&R, New York State Electric and Gas Corporation,
Connecticut Light and Power Company, Long Island Lighting Company, NYPA and
Public Service Electric and Gas Company.
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Con Edison owns various distribution substations and facilities located
throughout New York City and Westchester County. At December 31, 2000, the
company's distribution system had a transformer capacity of approximately 20,300
megavolt amperes, approximately 32,500 miles of overhead distribution lines and
approximately 88,800 miles of underground distribution lines.
Natural gas is delivered by pipeline to Con Edison at various points in its
service territory and is distributed to customers by the company through
approximately 4,200 miles of mains and 368,000 service lines. The company owns a
natural gas liquefaction facility and storage tank at its Astoria property in
Queens, New York. The plant can store approximately 1,000 mdth of which a
maximum of about 250 mdth can be withdrawn per day. The company has about 1,230
mdth of additional natural gas storage capacity at a field in upstate New York,
owned and operated by Honeoye Storage Corporation, a corporation 28.8 percent
owned by Con Edison.
O&R, RECO and Pike own, in whole or in part, transmission and distribution
facilities which include 601 circuit miles of transmission lines, 74
substations, 88,892 in-service line transformers, 5,062 pole miles of overhead
distribution lines and 2,519 miles of underground distribution lines. O&R and
Pike own their gas distribution systems, which include 1,765 miles of mains.
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.
Electric Electric
(kwhrs) (kwhrs) Gas (Dth)
Retail Wholesale Retail
Claimant None None None
Con Edison 31,920,706,000 4,159,819,000 229,209,904
O&R 3,008,049,568 None 29,518,041*
RECO 1,381,821,231 None N/A
Pike 59,703,583 None 135,474
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* Does not include 1,029,214 Dth sold by O&R to Con Edison.
(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.
Electric (kwhrs) Gas (Dth)
Claimant None None
Con Edison None None
O&R None None
RECO None N/A
Pike 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 organized, or
at the State line.
Electric (kwhrs) Gas (Dth)
Claimant None None
Con Edison 100,900,000 23,067,713*
O&R None** 3,636,782**
RECO None N/A
Pike None None
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* Includes gas sold to energy service companies at the pipeline metering
facilities in New York. **Excludes energy purchased by O&R and sold to
its subsidiaries RECO or Pike.
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(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.
Electric (kwhrs) Gas (Dth)
Claimant None None
Con Edison 996,952,000 157,800,083*
O&R None 24,900,704
RECO 1,556,646,718** N/A
Pike 65,894,308** 141,642**
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* Includes gas purchased from energy service companies operating in New
York pursuant to balancing obligations and gas purchased at the
pipeline's metering facilities in New York. ** Purchased from O&R at
state line
4. The following information for the reporting period with respect to claimant
and each interest it holds directly or indirectly in an EWG or a foreign
utility company, stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the facilities
used by the EWG or foreign utility company for the generation,
transmission and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.
Generadora Electrica del Norte, Limitada ("GENOR") is a foreign
utility company, organized and existing as a Sociedad de
Responsabilidad Limitada under the laws of Guatemala. GENOR owns and
operates a 40 megawatt electric generating facility in the city of
Puerto Barrios, Department of Izabel, Republic of Guatemala. Electric
energy generated by the facility is sold to industrial and wholesale
customers in Guatemala.
Newington Energy, LLC, ("NELLC"), a Delaware limited liability
company, which is currently developing a 525 MW electric generating
facility in Newington, New Hampshire, which will qualify as an EWG.
The company's principal place of business is c/o Consolidated Edison
Development, 111 Broadway, 16th Floor, New York, New York 10006.
Consolidated Edison Energy Massachusetts, Inc. ("CEEMI"), a
corporation organized and existing under the laws of Massachusetts,
wholly-owned by CEDI. CEEMI was established for the purpose of owning
and operating 290 MW of generation facilities acquired from Western
Massachusetts Electric Company. CEEMI's principal place of business
is c/o Consolidated Edison Development, 111 Broadway, 16th Floor, New
York, New York 10006.
Lakewood Cogen, a Delaware limited partnership ("Lakewood") in
which CED Holding has a 78% limited partner interest and CEDL and
CGLC each owns a 1% general partner interest. Lakewood owns a 236
MW power plant located in Lakewood, New Jersey. Lakewood Cogen's
principal place of business is c/o Consolidated Edison Development,
111 Broadway, 16th Floor, New York, New York 10006.
(b) Name of each system company that holds an interest in such EWG or
foreign utility company; and description of the interest held.
Claimant owns 100% of CEDI, which owns 100% of CEDG, which owns
97% of EPCA, which owns 49% of GENOR.
Claimant owns 100% of CEDI, which owns 95% of CED/SCS, which
owns 100% of NELLC.
Claimant owns 100% of CEDI, which owns 100% of CEEMI.
Claimant owns 100% of CEDI, which owns 100% of CED Holding,
which owns 80% of Lakewood (78% directly and 2% indirectly
through 100% ownership in CEDL and CGLC which own 1% each).
(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.
At December 31, 2000, Claimant, directly or indirectly, had
capital invested, including loans, in GENOR, NELLC, CEEMI and
Lakewood of $11.8 million, $0, $ 55.1 million and $101.8 million,
respectively. Claimant's investment in GENOR is in the form of an
Aporaciones de Capital interest (similar to a limited liability
company interest). Claimant's investment in NELLC is in the form of
a limited liability company investment. Claimant's investment in CEMI
is that of a stockholder. Claimant's investment in Lakewood is
in the form of a limited partnership interest.
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Claimant has guaranteed the obligations of NELLC as lessee under a lease
transaction for the construction and lease of a 525 mw power project
in Newington, NH. The non-cancelable lease term is approximately 8
years - beginning at the date of construction completion, which is
expected to be May 2002. There is no rental expense under this
arrangement for the years 1998 through 2000. At the end of the
lease term, NELLC has the option to renew the lease or purchase the
project for the then outstanding amounts expected by the lessor for
the Project. If NELLC chooses not to renew the lease or acquire the
Project, then NELLC will guarantee a residual value of the Project
for an amount not exceeding $239.7 million. Payments and performance
obligations are fully and unconditionally guaranteed by claimant.
CEDI issued standby/documentary letters of credit to support certain
obligations relating to the operations of the Lakewood project.
These letters of credit which are payable on demand, collateralize
the company's obligations to third parties and are irrevocable and
non-renewable. The outstanding letters of credit as of December 31,
2000 was $7,000.
(d) Capitalization and earnings, on a stand alone basis, of the EWG or
foreign utility company during the reporting period.
GENOR's capitalization was $46.1 million at September 30, 2000 and it
had net loss of $0.1 million for the twelve months ended September
30, 2000. Claimant does not have more recent such information.
NELLC's capitalization was $0.0 million at December 31, 2000 and it
had net income of $0.0 for the year then ended.
CEEMI's capitalization was $53.5 million at December 31, 2000 and it
had net income of $2.3 million for the year then ended.
Lakewood's capitalization was $281.5 million at December 31, 2000 and
it had net income of $4.0 million for the year then ended
(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).
CEEI (See Item I.E.) markets the electricity generated by CEMI and
CEDI and certain other companies provide certain services to CEMI.
The fees and revenues from such arrangements are not matured
to claimant.
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a consolidating
balance sheet of claimant and its subsidiary companies as of the close of such
calendar year.
The consolidating financial statements are attached hereto as Exhibit A.
EXHIBIT B
An organizational chart showing the relationship of each EWG or foreign utility
company to associate companies in the holding-company system.
An organization chart is attached hereto as Exhibit B.
-10-
The above-named claimant has caused this statement to be duly executed on its
behalf by its authorized officer on this 16th day of March 2001.
CONSOLIDATED EDISON, INC.
By: /s/ Edward J. Rasmussen
Edward J. Rasmussen
Vice President and Controller
Name, title, and address of officer to whom notices and correspondence
concerning this statement should be addressed:
Archie M. Bankston
Secretary
Consolidated Edison, Inc.
4 Irving Place
New York, N.Y. 10003
Exhibit A
Consolidated Edison, Inc.
Consolidating Income Statement
For The Period Ended December 31, 2000
CEI CECoNY ORU Communications Development
--------------------------------------------------------------------------------------------
Operating revenues
Electric $ -- $6,467,074,480.85 $ 513,015,535.02 $ -- $ --
Gas -- 1,081,534,217.28 183,435,706.60 -- --
Steam -- 452,134,518.46 -- -- --
Non-utility -- -- 4,521,254.28 -- 96,870,011.23
- -----------------------------------------------------------------------------------------------------------------------------------
Total - Operating Revenues -- 8,000,743,216.59 700,972,495.90 -- 96,870,011.23
- -----------------------------------------------------------------------------------------------------------------------------------
Operating expenses
Purchased power -- 2,988,096,349.41 272,544,025.78 -- --
Fuel -- 322,063,321.02 39,123.20 -- 28,712,858.87
Gas purchased for resale -- 490,565,135.03 117,150,175.74 -- --
Other operations -- 947,545,191.54 118,096,786.18 8,127,438.21 13,295,711.59
Maintenance -- 430,869,678.30 27,176,514.07 -- --
Depreciation & amortization 10,917,445.68 535,179,476.11 27,129,874.20 95,735.09 7,822,248.85
Taxes, other than federal Income -- 1,048,508,800.70 55,569,199.46 240,518.25 922,037.86
State income tax -- 22,233,885.00 6,038,986.30 (838,000.00) 2,426,051.00
Federal income tax -- 111,081,000.00 15,565,648.00 (2,641,000.00) (16,035,399.48)
Federal Income tax deferred - net -- 160,487,812.51 1,344,864.18 -- 31,424,114.27
Investment tax credit deferred - net -- (7,955,000.00) (123,334.00) -- --
- -----------------------------------------------------------------------------------------------------------------------------------
Total - Operating Expenses 10,917,445.68 7,048,675,649.62 640,531,863.11 4,984,691.55 68,567,622.96
- -----------------------------------------------------------------------------------------------------------------------------------
Operating Income (10,917,445.68) 952,067,566.97 60,440,632.79 (4,984,691.55) 28,302,388.27
Other Income (Deductions)
Investment income 296,432.93 2,294,000.73 4,845,982.52 58,754.38 97,630.45
AFDC-equity -- 1,086,342.71 212,346.93 -- --
Other income less income deductions 584,790,739.85 1,445,885.67 757,214.08 21,204.50 630,630.22
State income tax 4,440,000.00 864,500.00 -- -- --
Federal income tax 12,088,000.00 1,267,000.00 (2,149,798.00) -- --
Federal income tax - deferred -- (6,210,305.00) 321,111.00 -- --
- -----------------------------------------------------------------------------------------------------------------------------------
Total Other Income 601,615,172.78 747,424.11 3,986,856.53 79,958.88 728,260.67
- -----------------------------------------------------------------------------------------------------------------------------------
Income Before Interest Charges 590,697,727.10 952,814,991.08 64,427,489.32 (4,904,732.67) 29,030,648.94
Interest Charges
Interest on long term debt -- 331,425,481.71 22,932,975.65 -- 9,636,037.64
Other Interest 6,873,026.40 43,224,395.04 2,951,156.47 -- --
AFDC-borrowed -- (5,549,703.56) (526,069.85) -- --
- -----------------------------------------------------------------------------------------------------------------------------------
Net Interest Charges 6,873,026.40 369,100,173.19 25,358,062.27 -- 9,636,037.64
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income 583,824,700.70 583,714,817.89 39,069,427.05 (4,904,732.67) 19,394,611.30
Preferred stock dividend requirements -- (13,592,569.33) -- -- --
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income Applicable to Common Stock $583,824,700.70 $ 570,122,248.56 $ 39,069,427.05 $ (4,904,732.67) $ 19,394,611.30
===================================================================================================================================
Earnings per share
Common shares outstanding - average
Energy Solutions Eliminations Purch Acctg Adj. Total
--------------------------------------------------------------------------------------------
Operating revenues
Electric $ -- $ -- $ (28,399,476.42) $ -- $6,951,690,539.45
Gas -- -- (3,000,042.22) -- 1,261,969,881.66
Steam -- -- -- -- 452,134,518.46
Non-utility 122,415,805.68 569,932,914.87 (1,755,263.19) -- 791,984,722.87
- -----------------------------------------------------------------------------------------------------------------------------------
Total - Operating Revenues 122,415,805.68 569,932,914.87 (33,154,781.83) -- 9,457,779,662.44
- -----------------------------------------------------------------------------------------------------------------------------------
Operating expenses
Purchased power 108,400,703.63 303,444,609.25 (24,218,894.17) -- 3,648,266,793.90
Fuel -- -- -- -- 350,815,303.09
Gas purchased for resale -- 208,074,565.04 (7,180,624.47) -- 808,609,251.34
Other operations 8,611,685.11 53,921,525.62 -- -- 1,149,598,338.25
Maintenance -- -- -- -- 458,046,192.37
Depreciation & amortization 365,904.58 5,259,794.58 -- (96,056.31) 586,674,422.78
Taxes, other than federal Income 221,997.69 16,380,540.46 -- -- 1,121,843,094.42
State income tax 695,937.00 (1,616,146.33) -- -- 28,940,712.97
Federal income tax 1,858,402.50 (6,157,979.59) -- -- 103,670,671.43
Federal Income tax deferred - net -- -- -- -- 193,256,790.96
Investment tax credit deferred - net -- -- -- -- (8,078,334.00)
- -----------------------------------------------------------------------------------------------------------------------------------
Total - Operating Expenses 120,154,630.51 579,306,909.03 (31,399,518.64) (96,056.31) 8,441,643,237.51
- -----------------------------------------------------------------------------------------------------------------------------------
Operating Income 2,261,175.17 (9,373,994.16) (1,755,263.19) 96,056.31 1,016,136,424.93
Other Income (Deductions)
Investment income 281,621.35 601,564.03 -- -- 8,475,986.39
AFDC-equity -- -- -- -- 1,298,689.64
Other income less income deductions 906,927.21 (1,415,662.76) (618,711,291.24) (1,085,622.75) (32,659,975.22)
State income tax -- -- -- -- 5,304,500.00
Federal income tax 1,595.02 -- -- -- 11,206,797.02
Federal income tax - deferred -- -- -- -- (5,889,194.00)
- -----------------------------------------------------------------------------------------------------------------------------------
Total Other Income 1,190,143.58 (814,098.73) (618,711,291.24) (1,085,622.75) (12,263,196.17)
- -----------------------------------------------------------------------------------------------------------------------------------
Income Before Interest Charges 3,451,318.75 (10,188,092.89) (620,466,554.43) (989,566.44) 1,003,873,228.76
Interest Charges
Interest on long term debt -- -- -- -- 363,994,495.00
Other Interest -- -- (3,521,774.33) -- 49,526,803.58
AFDC-borrowed -- -- -- -- (6,075,773.41)
- -----------------------------------------------------------------------------------------------------------------------------------
Net Interest Charges -- -- (3,521,774.33) -- 407,445,525.17
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income 3,451,318.75 (10,188,092.89) (616,944,780.10) (989,566.44) 596,427,703.59
Preferred stock dividend requirements -- -- -- -- (13,592,569.33)
- -----------------------------------------------------------------------------------------------------------------------------------
Net Income Applicable to Common Stock $ 3,451,318.75 $ (10,188,092.89) $(616,944,780.10) $ (989,566.44) $ 582,835,134.26
===================================================================================================================================
Earnings per share $ 2.75
Common shares outstanding - average 212,186,412
Consolidated Edison, Inc.
Consolidating Balance Sheet
December 31, 2000
LineNo CEI CECoNY ORU
--- ------ ---
ASSETS
A100 Utility Plant $ - $ 15,178,601,832.07 $1,058,346,375.91
A150 Accumulated depreciation - (4,819,625,840.19) (366,431,611.39)
-------------------------------------------------------------------------------------------------------------------
Net utility plant - 10,358,975,991.88 691,914,764.52
A160 Construction Work in Progress - 476,379,113.75 28,091,292.55
A170 Nuclear fuel assemblies less amortization - 107,641,093.62 -
-------------------------------------------------------------------------------------------------------------------
Net Utility Plant - 10,942,996,199.25 720,006,057.07
-------------------------------------------------------------------------------------------------------------------
A200 Cash (4,049.12) 62,704,171.05 4,962,231.31
A210 Temporary cash investments 5,534,881.46 7,568,864.96 3,520,669.08
A220 Accounts receivable - customers - 769,683,068.66 86,027,814.22
A230 Allowance for uncollectible accounts - (25,800,000.00) (3,845,000.00)
A240 Accounts receivable - other 2,160,406.14 155,655,831.52 25,032,195.53
A250 Materials and supplies - fuel - 28,455,243.95 693,142.35
A255 Materials and supplies - other - 118,344,095.05 4,815,280.05
A260 Natural gas in storage - 64,144,248.42 15,874,023.63
A270 Prepayments - taxes - 81,633,583.16 23,189,005.37
A271 Prepayments - other - 416,249,539.45 658,320.94
A280 Special deposits - 42,892,415.18 7,000.00
A290 Other current and accrued assets 100,275.50 8,083,879.20 49,759,256.16
-------------------------------------------------------------------------------------------------------------------
Total Current Assets 7,791,513.98 1,729,614,940.60 210,693,938.64
-------------------------------------------------------------------------------------------------------------------
A300 Non-utility property less accumulated depreciation - 4,087,010.54 3,248,699.41
A310 Nuclear decommissioning trust fund - 328,969,112.52 -
A350 Other Investments - other 6,594,784,493.93 15,068,279.18 5,802.46
-------------------------------------------------------------------------------------------------------------------
Total Investments 6,594,784,493.93 348,124,402.24 3,254,501.87
-------------------------------------------------------------------------------------------------------------------
A400 Unamortized debt expense (3,994.24) 131,885,651.10 9,785,251.13
A405 Regulatory study costs - 7,919,050.97 -
A410 Preliminary survey and investigation charges - 172,471.11 577,008.24
A415 Clearing accounts - - 0.00
A420 Deferred charges - 744,359,821.74 178,162,970.73
A490 Regulatory asset - future federal income taxes - 642,868,000.00 33,659,058.00
-------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $6,602,572,013.67 $ 14,547,940,537.01 $1,156,138,785.68
===================================================================================================================
LIABILITIES
-----------
L100 Common Equity
L101 Common Stock Issued $ 23,548,809.40 $ 588,720,235.00 $ 5,000.00
L110 Other Paid-in Capital, Premium on Common Stock 1,444,849,541.34 879,678,115.74 194,498,789.81
L115 Gain on Resale of Reacquired Capital Stock - 13,943,328.01 -
L130 Capital Stock Expense - Common Stock (31,755,003.79) (31,755,003.79) -
L135 Capital Stock Expense - Preferred Stock - (4,061,659.62) -
L140 Treasury Stock (50,826,833.23) (962,092,491.50) -
L150 Retained Earnings 5,044,625,040.02 3,995,825,528.71 139,610,160.63
L152 Accumulated other comprehensive income (2,147,198.74) (673,238.80) (1,473,959.94)
-------------------------------------------------------------------------------------------------------------------
Total Common Equity 6,428,294,355.00 4,479,584,813.75 332,639,990.50
L160 Preferred Stock - 249,612,527.00 -
-------------------------------------------------------------------------------------------------------------------
Total Capital Stock and Retained Earnings 6,428,294,355.00 4,729,197,340.75 332,639,990.50
-------------------------------------------------------------------------------------------------------------------
L170 Long-Term Debt - 4,942,610,000.00 337,204,797.89
L190 Unamortized Premium (Discount) - (27,502,034.05) (1,548,602.94)
-------------------------------------------------------------------------------------------------------------------
Total Long-Term Debt - 4,915,107,965.95 335,656,194.95
-------------------------------------------------------------------------------------------------------------------
Total Capitalization 6,428,294,355.00 9,644,305,306.70 668,296,185.45
-------------------------------------------------------------------------------------------------------------------
L200 Noncurrent Liabilities
L205 Obligations Under Capital Leases - 31,432,000.00 -
L210 Accumulated Provision for Injuries & Damages - 148,047,144.09 12,623,955.52
L211 Provision for Rate Refunds - - 14,350,516.16
L212 Minority interest in consolidated subsidiaries - - -
L215 Pension and Benefits Reserve - 105,123,966.00 76,221,641.35
L220 Uranium Decommissioning Fund - 14,822,219.20 -
L290 Other - - -
-------------------------------------------------------------------------------------------------------------------
Total Noncurrent Liabilities - 299,425,329.29 103,196,113.03
-------------------------------------------------------------------------------------------------------------------
L300 Current Liabilities
L301 Long-Term Debt Due Within One Year - 300,000,000.00 -
L302 Notes Payable 74,253,525.58 139,968,762.22 40,820,000.00
L315 Accounts Payable 103,680,219.94 879,601,977.29 85,313,832.11
L330 Customer Deposits - 195,761,930.06 7,125,727.12
L340 Accrued Income Taxes 2,030,992.00 30,937,645.77 295,093.94
L345 Other Accrued Taxes 677,088.17 18,570,341.69 4,567,576.87
L350 Interest Accrued - 78,230,022.35 7,087,054.38
L355 Dividends Declared (1) (7,845.82) 3,398,142.11 -
L360 Matured Long-Term Debt and Interest - 342,313.56 -
L370 Miscellaneous Current and Accrued Liabilities 6,973,787.29 304,844,957.51 60,608,814.48
-------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 187,607,767.16 1,951,656,092.56 205,818,098.90
-------------------------------------------------------------------------------------------------------------------
L405 Accumulated Deferred Federal Income Tax (13,332,000.00) 1,492,104,791.80 86,838,394.14
L410 Deferred Tax Liability - Future Federal Income Taxes - 642,868,000.00 33,659,058.00
-------------------------------------------------------------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax (13,332,000.00) 2,134,972,791.80 120,497,452.14
L420 Accumulated Deferred Investment Tax Credits - 124,532,000.00 6,897,189.00
L425 Other Deferred Credits 1,891.51 393,049,016.66 51,433,747.16
- --------------------------------------------------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits (13,330,108.49) 2,652,553,808.46 178,828,388.30
- --------------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES $6,602,572,013.67 $ 14,547,940,537.01 $1,156,138,785.68
===================================================================================================================
Asset vs. Liability Variation 0.00 0.00 0.00
LineNo Communications Development Energy
-------------- ----------- ------
ASSETS
A100 Utility Plant $ - $ 279,059,815.31 $ -
A150 Accumulated depreciation - (48,643,353.46) -
-----------------------------------------------------------------------------------------------------------------
Net utility plant - 230,416,461.85 -
A160 Construction Work in Progress - - -
A170 Nuclear fuel assemblies less amortization - - -
-----------------------------------------------------------------------------------------------------------------
Net Utility Plant - 230,416,461.85 -
-----------------------------------------------------------------------------------------------------------------
A200 Cash - - -
A210 Temporary cash investments 186,119.58 6,048,017.48 2,910,532.33
A220 Accounts receivable - customers - - -
A230 Allowance for uncollectible accounts - - (127,151.69)
A240 Accounts receivable - other (0.00) 42,456,089.35 68,330,396.16
A250 Materials and supplies - fuel - - -
A255 Materials and supplies - other - 5,625,872.14 2,576,859.95
A260 Natural gas in storage - - -
A270 Prepayments - taxes - - -
A271 Prepayments - other 332,248.15 1,690,850.34 136,860.66
A280 Special deposits - 16,392,023.00 21,385.30
A290 Other current and accrued assets 36,000.00 17,136,142.75 -
-----------------------------------------------------------------------------------------------------------------
Total Current Assets 554,367.73 89,348,995.06 73,848,882.71
-----------------------------------------------------------------------------------------------------------------
A300 Non-utility property less accumulated depreciation 25,312,494.89 219,248.19 1,145,323.41
A310 Nuclear decommissioning trust fund - - -
A350 Other Investments - other 5,889,750.00 171,570,872.75 -
-----------------------------------------------------------------------------------------------------------------
Total Investments 31,202,244.89 171,790,120.94 1,145,323.41
-----------------------------------------------------------------------------------------------------------------
A400 Unamortized debt expense - - -
A405 Regulatory study costs - - -
A410 Preliminary survey and investigation charges - - -
A415 Clearing accounts - - -
A420 Deferred charges 6,479,687.33 72,078,900.76 353,998.48
A490 Regulatory asset - future federal income taxes - - -
-----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 38,236,299.95 $ 563,634,478.61 $ 75,348,204.60
=================================================================================================================
LIABILITIES
-----------
L100 Common Equity
L101 Common Stock Issued $ 10.00 $ 20,000.00 $ 10.00
L110 Other Paid-in Capital, Premium on Common Stock 26,563,000.00 192,530,540.50 14,639,295.35
L115 Gain on Resale of Reacquired Capital Stock - - -
L130 Capital Stock Expense - Common Stock - - -
L135 Capital Stock Expense - Preferred Stock - - -
L140 Treasury Stock - - -
L150 Retained Earnings (5,343,550.67) 105,450,188.41 4,579,429.44
L152 Accumulated other comprehensive income - - -
-----------------------------------------------------------------------------------------------------------------
Total Common Equity 21,219,459.33 298,000,728.91 19,218,734.79
L160 Preferred Stock - - -
-----------------------------------------------------------------------------------------------------------------
Total Capital Stock and Retained Earnings 21,219,459.33 298,000,728.91 19,218,734.79
-----------------------------------------------------------------------------------------------------------------
L170 Long-Term Debt - 164,645,001.00 -
L190 Unamortized Premium (Discount) - - -
-----------------------------------------------------------------------------------------------------------------
Total Long-Term Debt - 164,645,001.00 -
-----------------------------------------------------------------------------------------------------------------
Total Capitalization 21,219,459.33 462,645,729.91 19,218,734.79
-----------------------------------------------------------------------------------------------------------------
L200 Noncurrent Liabilities
L205 Obligations Under Capital Leases - - -
L210 Accumulated Provision for Injuries & Damages - - -
L211 Provision for Rate Refunds - - -
L212 Minority interest in consolidated subsidiaries - 8,416,232.46 -
L215 Pension and Benefits Reserve - - -
L220 Uranium Decommissioning Fund - - -
L290 Other - 2,867,743.73 -
-----------------------------------------------------------------------------------------------------------------
Total Noncurrent Liabilities - 11,283,976.19 -
-----------------------------------------------------------------------------------------------------------------
L300 Current Liabilities
L301 Long-Term Debt Due Within One Year - 9,590,000.00 -
L302 Notes Payable - - -
L315 Accounts Payable 1,748,560.58 9,465,038.08 54,378,930.15
L330 Customer Deposits - - -
L340 Accrued Income Taxes (194,456.00) 4,110,786.27 1,734,143.05
L345 Other Accrued Taxes - - -
L350 Interest Accrued - - -
L355 Dividends Declared (1) - - -
L360 Matured Long-Term Debt and Interest - - -
L370 Miscellaneous Current and Accrued Liabilities 15,462,736.04 6,601,569.80 16,396.61
-----------------------------------------------------------------------------------------------------------------
Total Current Liabilities 17,016,840.62 29,767,394.15 56,129,469.81
-----------------------------------------------------------------------------------------------------------------
L405 Accumulated Deferred Federal Income Tax - 59,937,378.36 -
L410 Deferred Tax Liability - Future Federal Income Taxes - - -
-----------------------------------------------------------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax - 59,937,378.36 -
L420 Accumulated Deferred Investment Tax Credits - - -
L425 Other Deferred Credits - - -
- ------------------------------------------------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits - 59,937,378.36 -
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES $ 38,236,299.95 $ 563,634,478.61 $ 75,348,204.60
=================================================================================================================
LineNo Solutions Eliminations Purchase Acctg
--------- ------------ --------------
ASSETS
A100 Utility Plant $ - $ - $ -
A150 Accumulated depreciation - - -
-----------------------------------------------------------------------------------------------------------------
Net utility plant - - -
A160 Construction Work in Progress - - -
A170 Nuclear fuel assemblies less amortization - - -
-----------------------------------------------------------------------------------------------------------------
Net Utility Plant - - -
-----------------------------------------------------------------------------------------------------------------
A200 Cash 50,000.00 - -
A210 Temporary cash investments 1,346,070.64 - -
A220 Accounts receivable - customers 88,483,465.19 (135,814.28) -
A230 Allowance for uncollectible accounts (3,942,123.97) - -
A240 Accounts receivable - other 38,753,612.79 (180,627,964.91) -
A250 Materials and supplies - fuel - - -
A255 Materials and supplies - other - - -
A260 Natural gas in storage 2,401,077.74 - -
A270 Prepayments - taxes - - -
A271 Prepayments - other 485,678.34 - -
A280 Special deposits - - -
A290 Other current and accrued assets 1,089,897.64 - -
-----------------------------------------------------------------------------------------------------------------
Total Current Assets 128,667,678.37 (180,763,779.19) -
-----------------------------------------------------------------------------------------------------------------
A300 Non-utility property less accumulated depreciation 7,739,120.25 - -
A310 Nuclear decommissioning trust fund - - -
A350 Other Investments - other 145,597.05 (6,590,345,283.93) -
-----------------------------------------------------------------------------------------------------------------
Total Investments 7,884,717.30 (6,590,345,283.93) -
-----------------------------------------------------------------------------------------------------------------
A400 Unamortized debt expense - - -
A405 Regulatory study costs - - -
A410 Preliminary survey and investigation charges - - -
A415 Clearing accounts - - -
A420 Deferred charges 1,308,687.00 420,321,658.68 (3,698,705.82)
A490 Regulatory asset - future federal income taxes - - -
-----------------------------------------------------------------------------------------------------------------
TOTAL ASSETS $ 137,861,082.67 $ (6,350,787,404.44) $ (3,698,705.82)
=================================================================================================================
LIABILITIES
-----------
L100 Common Equity
L101 Common Stock Issued $ 20,000.00 $ (588,765,255.00) $ -
L110 Other Paid-in Capital, Premium on Common Stock 115,180,000.00 (1,423,084,681.71) -
L115 Gain on Resale of Reacquired Capital Stock - - -
L130 Capital Stock Expense - Common Stock - 31,755,003.79 -
L135 Capital Stock Expense - Preferred Stock - - -
L140 Treasury Stock - - -
L150 Retained Earnings (48,045,865.45) (4,192,075,891.07) (3,698,705.82)
L152 Accumulated other comprehensive income - 2,147,198.74 -
-----------------------------------------------------------------------------------------------------------------
Total Common Equity 67,154,134.55 (6,170,023,625.25) (3,698,705.82)
L160 Preferred Stock - - -
-----------------------------------------------------------------------------------------------------------------
Total Capital Stock and Retained Earnings 67,154,134.55 (6,170,023,625.25) (3,698,705.82)
-----------------------------------------------------------------------------------------------------------------
L170 Long-Term Debt - - -
L190 Unamortized Premium (Discount) - - -
-----------------------------------------------------------------------------------------------------------------
Total Long-Term Debt - - -
-----------------------------------------------------------------------------------------------------------------
Total Capitalization 67,154,134.55 (6,170,023,625.25) (3,698,705.82)
-----------------------------------------------------------------------------------------------------------------
L200 Noncurrent Liabilities
L205 Obligations Under Capital Leases 71,608.29 - -
L210 Accumulated Provision for Injuries & Damages - - -
L211 Provision for Rate Refunds - - -
L212 Minority interest in consolidated subsidiaries - - -
L215 Pension and Benefits Reserve - - -
L220 Uranium Decommissioning Fund - - -
L290 Other - - -
-----------------------------------------------------------------------------------------------------------------
Total Noncurrent Liabilities 71,608.29 - -
-----------------------------------------------------------------------------------------------------------------
L300 Current Liabilities
L301 Long-Term Debt Due Within One Year - - -
L302 Notes Payable - - -
L315 Accounts Payable 66,936,255.13 (180,723,062.32) -
L330 Customer Deposits - - -
L340 Accrued Income Taxes (2,201,958.41) - -
L345 Other Accrued Taxes 3,816,350.56 - -
L350 Interest Accrued - (40,716.87) -
L355 Dividends Declared (1) - - -
L360 Matured Long-Term Debt and Interest - - -
L370 Miscellaneous Current and Accrued Liabilities 1,396,438.83 - -
-----------------------------------------------------------------------------------------------------------------
Total Current Liabilities 69,947,086.11 (180,763,779.19) -
-----------------------------------------------------------------------------------------------------------------
L405 Accumulated Deferred Federal Income Tax 688,253.72 - -
L410 Deferred Tax Liability - Future Federal Income Taxes - - -
-----------------------------------------------------------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax 688,253.72 - -
L420 Accumulated Deferred Investment Tax Credits - - -
L425 Other Deferred Credits - - -
- ------------------------------------------------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits 688,253.72 - -
- ------------------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES $ 137,861,082.67 $ (6,350,787,404.44) $ (3,698,705.82)
=================================================================================================================
LineNo Total
-----
ASSETS
A100 Utility Plant $ 16,516,008,023.29
A150 Accumulated depreciation (5,234,700,805.04)
------------------------------------------------------------------------
Net utility plant 11,281,307,218.25
A160 Construction Work in Progress 504,470,406.30
A170 Nuclear fuel assemblies less amortization 107,641,093.62
------------------------------------------------------------------------
Net Utility Plant 11,893,418,718.17
------------------------------------------------------------------------
A200 Cash 67,712,353.24
A210 Temporary cash investments 27,115,155.53
A220 Accounts receivable - customers 944,058,533.79
A230 Allowance for uncollectible accounts (33,714,275.66)
A240 Accounts receivable - other 151,760,566.58
A250 Materials and supplies - fuel 29,148,386.30
A255 Materials and supplies - other 131,362,107.19
A260 Natural gas in storage 82,419,349.79
A270 Prepayments - taxes 104,822,588.53
A271 Prepayments - other 419,553,497.88
A280 Special deposits 59,312,823.48
A290 Other current and accrued assets 76,205,451.25
------------------------------------------------------------------------
Total Current Assets 2,059,756,537.90
------------------------------------------------------------------------
A300 Non-utility property less accumulated depreciation 41,751,896.69
A310 Nuclear decommissioning trust fund 328,969,112.52
A350 Other Investments - other 197,119,511.44
------------------------------------------------------------------------
Total Investments 567,840,520.65
------------------------------------------------------------------------
A400 Unamortized debt expense 141,666,907.99
A405 Regulatory study costs 7,919,050.97
A410 Preliminary survey and investigation charges 749,479.35
A415 Clearing accounts 0.00
A420 Deferred charges 1,419,367,018.90
A490 Regulatory asset - future federal income taxes 676,527,058.00
------------------------------------------------------------------------
TOTAL ASSETS $ 16,767,245,291.93
========================================================================
LIABILITIES
-----------
L100 Common Equity
L101 Common Stock Issued $ 23,548,809.40
L110 Other Paid-in Capital, Premium on Common Stock 1,444,854,601.03
L115 Gain on Resale of Reacquired Capital Stock 13,943,328.01
L130 Capital Stock Expense - Common Stock (31,755,003.79)
L135 Capital Stock Expense - Preferred Stock (4,061,659.62)
L140 Treasury Stock (1,012,919,324.73)
L150 Retained Earnings 5,040,926,334.20
L152 Accumulated other comprehensive income (2,147,198.74)
------------------------------------------------------------------------
Total Common Equity 5,472,389,885.76
L160 Preferred Stock 249,612,527.00
------------------------------------------------------------------------
Total Capital Stock and Retained Earnings 5,722,002,412.76
------------------------------------------------------------------------
L170 Long-Term Debt 5,444,459,798.89
L190 Unamortized Premium (Discount) (29,050,636.99)
------------------------------------------------------------------------
Total Long-Term Debt 5,415,409,161.90
------------------------------------------------------------------------
Total Capitalization 11,137,411,574.66
------------------------------------------------------------------------
L200 Noncurrent Liabilities
L205 Obligations Under Capital Leases 31,503,608.29
L210 Accumulated Provision for Injuries & Damages 160,671,099.61
L211 Provision for Rate Refunds 14,350,516.16
L212 Minority interest in consolidated subsidiaries 8,416,232.46
L215 Pension and Benefits Reserve 181,345,607.35
L220 Uranium Decommissioning Fund 14,822,219.20
L290 Other 2,867,743.73
------------------------------------------------------------------------
Total Noncurrent Liabilities 413,977,026.80
------------------------------------------------------------------------
L300 Current Liabilities
L301 Long-Term Debt Due Within One Year 309,590,000.00
L302 Notes Payable 255,042,287.80
L315 Accounts Payable 1,020,401,750.96
L330 Customer Deposits 202,887,657.18
L340 Accrued Income Taxes 36,712,246.62
L345 Other Accrued Taxes 27,631,357.29
L350 Interest Accrued 85,276,359.86
L355 Dividends Declared (1) 3,390,296.29
L360 Matured Long-Term Debt and Interest 342,313.56
L370 Miscellaneous Current and Accrued Liabilities 395,904,700.56
------------------------------------------------------------------------
Total Current Liabilities 2,337,178,970.12
------------------------------------------------------------------------
L405 Accumulated Deferred Federal Income Tax 1,626,236,818.02
L410 Deferred Tax Liability - Future Federal Income Taxes 676,527,058.00
------------------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax 2,302,763,876.02
L420 Accumulated Deferred Investment Tax Credits 131,429,189.00
L425 Other Deferred Credits 444,484,655.33
- -------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits 2,878,677,720.35
- -------------------------------------------------------------------------------------
TOTAL LIABILITIES $ 16,767,245,291.93
========================================================================
Orange and Rockland Utilities, Inc.
Consolidated Balance Sheet
As of December 31, 2000
Rockland Pike County
Orange & Rockland Electric Company Light and Power Total
----------------- ---------------- --------------- -----
Assets
Utility Plant $ 882,939,995.21 $ 166,705,890.33 $ 8,700,490.37 $1,058,346,375.91
Accumulated Depreciation (304,004,321.99) (59,942,050.13) (2,485,239.27) (366,431,611.39)
CWIP 26,768,716.57 1,260,631.90 61,944.08 28,091,292.55
- -----------------------------------------------------------------------------------------------------------------------------------
Net Utility Plant 605,704,389.79 108,024,472.10 6,277,195.18 720,006,057.07
- -----------------------------------------------------------------------------------------------------------------------------------
Cash 4,204,823.12 707,383.64 50,024.55 4,962,231.31
Temporary Investments 231,070.49 9,880,720.04 158,878.56 10,270,669.09
Accounts Receivable - Customers 76,714,277.93 8,454,164.97 859,371.32 86,027,814.22
Allowance for Uncollectible Accounts - Customer (3,475,000.00) (275,000.00) (95,000.00) (3,845,000.00)
Other Accounts Receivable 7,630,820.01 762,468.35 2,733.03 8,396,021.39
Allowance for Uncollectible Accounts - Other (653,416.56) (165,000.00) -- (818,416.56)
Unbilled Revenues 21,514,105.65 7,057,398.97 453,052.26 29,024,556.88
Receivables from Associated Companies 32,970,858.05 2,367,449.89 48,114.00 35,386,421.94
M & S Fuel 693,142.35 -- -- 693,142.35
Other M & S Stock 3,789,039.75 960,095.47 66,144.83 4,815,280.05
Gas in Storage 15,874,023.63 -- -- 15,874,023.63
Prepaid Property Taxes 31,979.23 31,705.94 3,002.82 66,687.99
Other Prepaid Taxes 19,974,817.38 2,927,801.75 219,698.25 23,122,317.38
Other Prepayments 453,840.31 199,160.13 5,320.50 658,320.94
Special Deposits 1,000.00 6,000.00 -- 7,000.00
Other Current and Accrued Assets 20,734,699.28 -- -- 20,734,699.28
- -----------------------------------------------------------------------------------------------------------------------------------
Total Current Assets 200,690,080.62 32,914,349.15 1,771,340.12 235,375,769.89
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Other Property and Investments 133,875,521.39 5,726.84 21,973.69 133,903,221.92
- -----------------------------------------------------------------------------------------------------------------------------------
Deferred Fuel Costs 26,533,632.14 38,017,277.58 97,745.81 64,648,655.53
Unamortized Debt Expense 8,314,447.07 1,230,925.38 239,878.68 9,785,251.13
Miscellaneous Work in Progress 2,583,233.22 217,910.28 4,925.36 2,806,068.86
Preliminary Survey 564,927.84 -- 12,080.40 577,008.24
Recoverable Income Tax 26,691,179.00 6,435,516.00 532,363.00 33,659,058.00
Extraordinary Property Loss -- 1,738,253.97 -- 1,738,253.97
Deferred Revenue Taxes 3,360,811.36 3,972,172.13 4,034.82 7,337,018.31
Deferred Pension and OPEB 27,873,774.66 13,699,009.31 318,028.44 41,890,812.41
R & D Investment (1,005,091.11) 109,392.50 -- (895,698.61)
Other Regulatory Assets 50,991,151.58 9,027,832.44 155,579.91 60,174,563.93
Other Deferred Debits 463,296.33 -- -- 463,296.33
- -----------------------------------------------------------------------------------------------------------------------------------
Deferred Debits 146,371,362.09 74,448,289.59 1,364,636.42 222,184,288.10
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total Assets $1,086,641,353.89 $ 215,392,837.68 $ 9,435,145.41 $1,311,469,336.98
===================================================================================================================================
Consolidated
Eliminations Orange & Rockland
------------ -----------------
Assets
Utility Plant $ -- $1,058,346,375.91
Accumulated Depreciation -- (366,431,611.39)
CWIP -- 28,091,292.55
- --------------------------------------------------------------------------------------------
Net Utility Plant -- 720,006,057.07
- --------------------------------------------------------------------------------------------
Cash -- 4,962,231.31
Temporary Investments (6,750,000.01) 3,520,669.08
Accounts Receivable - Customers -- 86,027,814.22
Allowance for Uncollectible Accounts - Customer -- (3,845,000.00)
Other Accounts Receivable (26,400.91) 8,369,620.48
Allowance for Uncollectible Accounts - Other -- (818,416.56)
Unbilled Revenues -- 29,024,556.88
Receivables from Associated Companies (17,905,430.33) 17,480,991.61
M & S Fuel -- 693,142.35
Other M & S Stock -- 4,815,280.05
Gas in Storage -- 15,874,023.63
Prepaid Property Taxes -- 66,687.99
Other Prepaid Taxes -- 23,122,317.38
Other Prepayments -- 658,320.94
Special Deposits -- 7,000.00
Other Current and Accrued Assets -- 20,734,699.28
- --------------------------------------------------------------------------------------------
Total Current Assets (24,681,831.25) 210,693,938.64
- --------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------
Other Property and Investments (130,648,720.05) 3,254,501.87
- --------------------------------------------------------------------------------------------
Deferred Fuel Costs -- 64,648,655.53
Unamortized Debt Expense -- 9,785,251.13
Miscellaneous Work in Progress -- 2,806,068.86
Preliminary Survey -- 577,008.24
Recoverable Income Tax -- 33,659,058.00
Extraordinary Property Loss -- 1,738,253.97
Deferred Revenue Taxes -- 7,337,018.31
Deferred Pension and OPEB -- 41,890,812.41
R & D Investment -- (895,698.61)
Other Regulatory Assets -- 60,174,563.93
Other Deferred Debits -- 463,296.33
- --------------------------------------------------------------------------------------------
Deferred Debits -- 222,184,288.10
- --------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------
Total Assets $ (155,330,551.30) $1,156,138,785.68
============================================================================================
Orange and Rockland Utilities, Inc.
Consolidated Balance Sheet
As of December 31, 2000
Rockland Pike County
Capitalization & Liabilities Orange & Rockland Electric Company Light and Power Total
----------------------------- ----------------- ---------------- --------------- -----
Common Equity
Common Stock $ 32,550.00 $ 11,200,000.00 $ 137,000.00 $ 11,369,550.00
Premium on Stock 194,498,786.94 2.87 -- 194,498,789.81
Capital Stock Expense -- -- -- --
Retained Earnings 155,900,796.78 100,291,786.43 2,701,747.47 258,894,330.68
Other Comprehensive Income (1,473,959.94) -- -- (1,473,959.94)
- -----------------------------------------------------------------------------------------------------------------------------------
Total Common Equity 348,958,173.78 111,491,789.30 2,838,747.47 463,288,710.55
Preferred Stock -- -- -- --
- -----------------------------------------------------------------------------------------------------------------------------------
Total Capital Stock and Retained Earnings 348,958,173.78 111,491,789.30 2,838,747.47 463,288,710.55
- -----------------------------------------------------------------------------------------------------------------------------------
Long-Term Debt -- 20,000,000.00 3,200,000.00 23,200,000.00
Other Long-Term Debt 314,001,841.89 2,956.00 -- 314,004,797.89
Unamortized Premium (Discount) (1,527,311.43) (21,291.51) -- (1,548,602.94)
- -----------------------------------------------------------------------------------------------------------------------------------
Total Long-Term Debt 312,474,530.46 19,981,664.49 3,200,000.00 335,656,194.95
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization 661,432,704.24 131,473,453.79 6,038,747.47 798,944,905.50
- -----------------------------------------------------------------------------------------------------------------------------------
Noncurrent Liabilities
Provision for Injuries and Damages 11,953,955.52 670,000.00 -- 12,623,955.52
Provision for Rate Refunds 10,853,987.38 3,347,610.72 148,918.06 14,350,516.16
- -----------------------------------------------------------------------------------------------------------------------------------
Total Noncurrent Liabilities 170,554,090.64 34,892,188.04 945,947.38 206,392,226.06
- -----------------------------------------------------------------------------------------------------------------------------------
Current Liabilities
Accounts Payable 57,440,259.05 1,182,406.83 41,383.82 58,664,049.70
Accounts Payable From Associated Companies 29,120,444.75 14,687,802.44 773,366.46 44,581,613.65
Notes Payable 47,570,000.01 -- -- 47,570,000.01
Customer Deposits 5,505,777.98 1,369,038.79 250,910.35 7,125,727.12
Accrued FIT 239,540.69 53,407.44 2,145.81 295,093.94
Other Accrued Taxes 2,946,123.73 1,613,192.35 8,260.79 4,567,576.87
Interest Accrued 5,341,858.86 1,680,145.18 65,050.34 7,087,054.38
Refundable Fuel and Gas Costs 11,733,849.23 9,220,323.53 192,100.38 21,146,273.14
Other Current Liabilities 38,902,100.32 560,441.02 -- 39,462,541.34
- -----------------------------------------------------------------------------------------------------------------------------------
Total Current Liabilities 198,799,954.62 30,366,757.58 1,333,217.95 230,499,930.15
- -----------------------------------------------------------------------------------------------------------------------------------
Accumulated Deferred FIT 64,932,462.18 21,506,549.96 399,382.00 86,838,394.14
Deferred Tax Liabilities-Future FIT 26,691,179.00 6,435,516.00 532,363.00 33,659,058.00
Deferred ITC 5,087,992.00 1,755,213.00 53,984.00 6,897,189.00
Regulatory Liabilities 29,200,921.22 6,384,661.07 557,083.92 36,142,666.21
Other Deferred Credits 15,219,095.31 24,592.26 47,393.38 15,291,080.95
- -----------------------------------------------------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits 141,131,649.71 36,106,532.29 1,590,206.30 178,828,388.30
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total Liabilities 339,931,604.33 66,473,289.87 2,923,424.25 409,328,318.45
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
Total Capitalization & Liabilities $1,086,641,353.89 $ 215,392,837.68 $ 9,435,145.41 $1,311,469,336.98
===================================================================================================================================
Consolidated
Eliminations Orange & Rockland
------------ -----------------
Common Equity
Common Stock $ (11,364,550.00) $ 5,000.00
Premium on Stock -- 194,498,789.81
Capital Stock Expense -- --
Retained Earnings (119,284,170.05) 139,610,160.63
Other Comprehensive Income -- (1,473,959.94)
- -------------------------------------------------------------------------------------------
Total Common Equity (130,648,720.05) 332,639,990.50
Preferred Stock -- --
- -------------------------------------------------------------------------------------------
Total Capital Stock and Retained Earnings (130,648,720.05) 332,639,990.50
- -------------------------------------------------------------------------------------------
Long-Term Debt -- 23,200,000.00
Other Long-Term Debt -- 314,004,797.89
Unamortized Premium (Discount) -- (1,548,602.94)
- -------------------------------------------------------------------------------------------
Total Long-Term Debt -- 335,656,194.95
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
Total Capitalization (130,648,720.05) 668,296,185.45
- -------------------------------------------------------------------------------------------
Noncurrent Liabilities
Provision for Injuries and Damages -- 12,623,955.52
Provision for Rate Refunds -- 14,350,516.16
- -------------------------------------------------------------------------------------------
Total Noncurrent Liabilities -- 206,392,226.06
- -------------------------------------------------------------------------------------------
Current Liabilities
Accounts Payable -- 58,664,049.70
Accounts Payable From Associated Companies (17,931,831.24) 26,649,782.41
Notes Payable (6,750,000.01) 40,820,000.00
Customer Deposits -- 7,125,727.12
Accrued FIT -- 295,093.94
Other Accrued Taxes -- 4,567,576.87
Interest Accrued -- 7,087,054.38
Refundable Fuel and Gas Costs -- 21,146,273.14
Other Current Liabilities -- 39,462,541.34
- -------------------------------------------------------------------------------------------
Total Current Liabilities (24,681,831.25) 205,818,098.90
- -------------------------------------------------------------------------------------------
Accumulated Deferred FIT -- 86,838,394.14
Deferred Tax Liabilities-Future FIT -- 33,659,058.00
Deferred ITC -- 6,897,189.00
Regulatory Liabilities -- 36,142,666.21
Other Deferred Credits -- 15,291,080.95
- -------------------------------------------------------------------------------------------
Total Future FIT & Other Deferred Credits -- 178,828,388.30
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
Total Liabilities (24,681,831.25) 384,646,487.20
- -------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------
Total Capitalization & Liabilities $(155,330,551.30) $1,156,138,785.68
===========================================================================================
Orange and Rockland Utilities, Inc.
Consolidated Income Statement
As of December 31, 2000
Rockland Pike County
Orange & Rockland Electric Company Light and Power
----------------- ---------------- ---------------
Operating Revenues
Electric Operating Revenues $484,398,406.66 $ 133,136,115.92 $ 5,693,293.32
Gas Operating Revenues 183,301,005.21 -- 879,550.11
Diversified Revenues 4,263,928.48 178,100.82 --
- --------------------------------------------------------------------------------------------------------------------
Total - Operating Revenues 671,963,340.35 133,314,216.74 6,572,843.43
- --------------------------------------------------------------------------------------------------------------------
Operating and Maintenance Expenses
Fuel 39,123.20 -- --
Purchased Power 298,043,967.42 77,105,023.16 4,678,438.07
Gas Purchases 115,319,191.22 -- 716,430.13
Purchases from Con Ed 1,825,371.12 -- --
Other Production Expenses 1,806,999.61 -- --
Other Power Supply Expenses 4,866,229.67 974,249.47 60,929.44
Other Gas Supply Expenses 255,547.38 -- --
Transmission Expenses 5,367,366.17 963,626.28 --
Distribution Expenses 17,416,695.69 3,224,559.66 335,298.83
Customer Accounts Expenses 18,808,965.65 3,614,675.78 339,616.64
Customer Service Expenses 5,119,645.37 3,379,430.59 12,570.33
Sales Promotion Expenses 8,763.98 713.30 40.99
Administrative and General Expenses 41,944,873.01 11,816,366.05 733,286.94
Maintenance 22,973,776.72 4,055,792.41 146,944.94
Miscellaneous Amortizations -- 267,413.04 --
- --------------------------------------------------------------------------------------------------------------------
Total - Operating and Maintenance Expenses 533,796,516.21 105,401,849.74 7,023,556.31
- --------------------------------------------------------------------------------------------------------------------
Other Operating Expenses
Depreciation 22,125,697.53 4,493,250.48 243,513.15
Taxes Other than Income 47,717,892.09 7,497,771.70 346,644.40
Current FIT 17,606,780.00 (1,863,013.00) (139,300.00)
State Income Taxes 4,001,961.45 2,116,736.68 (79,711.83)
Deferred FIT (4,056,457.82) 5,597,229.00 (262,303.00)
Investment Tax Credit -- (119,622.00) (3,712.00)
- --------------------------------------------------------------------------------------------------------------------
Other Operating Expenses 87,395,873.25 17,722,352.86 105,130.72
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
Total - Operating Expenses 621,192,389.46 123,124,202.60 7,128,687.03
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
Operating Income 50,770,950.89 10,190,014.14 (555,843.60)
- --------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Equity In Earnings of Subsidiaries 12,318,857.30 -- --
Investment Income 1,949,476.96 4,036,213.63 40,002.53
AFDC - Other 209,386.84 2,294.21 665.88
Other Income 1,371,927.20 430,467.18 18,457.24
Income Deductions (604,504.38) (149,277.86) (7,586.92)
Taxes Other Than Income - Non-Operating (110,079.09) (191,789.94) (1,290.61)
Non-Operating FIT (759,651.00) (1,374,547.00) (15,600.00)
Non-Operating Deferred FIT -- (9,711.00) --
Non-Operating Investment Tax Credit 330,822.00 -- --
- --------------------------------------------------------------------------------------------------------------------
Other Income and Deductions 14,706,235.83 2,743,649.22 34,648.12
- --------------------------------------------------------------------------------------------------------------------
Interest Charges
Interest on Long Term Debt 20,395,121.80 2,290,310.57 247,543.28
Other Interest 3,811,836.37 341,213.25 (2,113.24)
Allowance for Borrowed Funds (522,547.20) (1,856.35) (1,666.30)
- --------------------------------------------------------------------------------------------------------------------
Net Interest Charges 23,684,410.97 2,629,667.47 243,763.74
- --------------------------------------------------------------------------------------------------------------------
Net Income 41,792,775.75 10,303,995.89 (764,959.22)
Dividends To Parent (37,000,000.00) (8,950,000.00) --
- --------------------------------------------------------------------------------------------------------------------
Net Change In Retained Earnings $ 4,792,775.75 $ 1,353,995.89 $ (764,959.22)
====================================================================================================================
Consolidated
Total Eliminations Orange & Rockland
----- ------------ -----------------
Operating Revenues
Electric Operating Revenues $623,227,815.90 $(110,212,280.88) $513,015,535.02
Gas Operating Revenues 184,180,555.32 (744,848.72) 183,435,706.60
Diversified Revenues 4,442,029.30 -- 4,442,029.30
- --------------------------------------------------------------------------------------------------------------------
Total - Operating Revenues 811,850,400.52 (110,957,129.60) 700,893,270.92
- --------------------------------------------------------------------------------------------------------------------
Operating and Maintenance Expenses
Fuel 39,123.20 -- 39,123.20
Purchased Power 379,827,428.65 (107,283,402.87) 272,544,025.78
Gas Purchases 116,035,621.35 (710,816.73) 115,324,804.62
Purchases from Con Ed 1,825,371.12 -- 1,825,371.12
Other Production Expenses 1,806,999.61 -- 1,806,999.61
Other Power Supply Expenses 5,901,408.58 -- 5,901,408.58
Other Gas Supply Expenses 255,547.38 -- 255,547.38
Transmission Expenses 6,330,992.45 (164,400.00) 6,166,592.45
Distribution Expenses 20,976,554.18 (1,385,354.00) 19,591,200.18
Customer Accounts Expenses 22,763,258.07 -- 22,763,258.07
Customer Service Expenses 8,511,646.29 -- 8,511,646.29
Sales Promotion Expenses 9,518.27 -- 9,518.27
Administrative and General Expenses 54,494,526.00 (1,413,156.00) 53,081,370.00
Maintenance 27,176,514.07 -- 27,176,514.07
Miscellaneous Amortizations 267,413.04 -- 267,413.04
- --------------------------------------------------------------------------------------------------------------------
Total - Operating and Maintenance Expenses 646,221,922.26 (110,957,129.60) 535,264,792.66
- --------------------------------------------------------------------------------------------------------------------
Other Operating Expenses
Depreciation 26,862,461.16 -- 26,862,461.16
Taxes Other than Income 55,562,308.19 -- 55,562,308.19
Current FIT 15,604,467.00 -- 15,604,467.00
State Income Taxes 6,038,986.30 -- 6,038,986.30
Deferred FIT 1,278,468.18 -- 1,278,468.18
Investment Tax Credit (123,334.00) -- (123,334.00)
- --------------------------------------------------------------------------------------------------------------------
Other Operating Expenses 105,223,356.83 -- 105,223,356.83
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
Total - Operating Expenses 751,445,279.09 (110,957,129.60) 640,488,149.49
- --------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------
Operating Income 60,405,121.43 -- 60,405,121.43
- --------------------------------------------------------------------------------------------------------------------
Other Income and Deductions
Equity In Earnings of Subsidiaries 12,318,857.30 (12,318,857.30) --
Investment Income 6,025,693.12 (2,246,998.43) 3,778,694.69
AFDC - Other 212,346.93 -- 212,346.93
Other Income 1,820,851.62 -- 1,820,851.62
Income Deductions (761,369.16) -- (761,369.16)
Taxes Other Than Income - Non-Operating (303,159.64) -- (303,159.64)
Non-Operating FIT (2,149,798.00) -- (2,149,798.00)
Non-Operating Deferred FIT (9,711.00) -- (9,711.00)
Non-Operating Investment Tax Credit 330,822.00 -- 330,822.00
- --------------------------------------------------------------------------------------------------------------------
Other Income and Deductions 17,484,533.17 (14,565,855.73) 2,918,677.44
- --------------------------------------------------------------------------------------------------------------------
Interest Charges
Interest on Long Term Debt 22,932,975.65 -- 22,932,975.65
Other Interest 4,150,936.38 (2,246,998.43) 1,903,937.95
Allowance for Borrowed Funds (526,069.85) -- (526,069.85)
- --------------------------------------------------------------------------------------------------------------------
Net Interest Charges 26,557,842.18 (2,246,998.43) 24,310,843.75
- --------------------------------------------------------------------------------------------------------------------
Net Income 51,388,284.35 (12,318,857.30) 39,069,427.05
Dividends To Parent (45,950,000.00) 8,950,000.00 (37,000,000.00)
- --------------------------------------------------------------------------------------------------------------------
Net Change In Retained Earnings $ 5,381,812.42 $ (3,368,857.30) $ 2,069,427.05
====================================================================================================================
CONSOLIDATED EDISON DEVELOPMENT, INC.
CONSOLIDATING INCOME STATEMENT
PER CONSOLIDATED EDISON, INC.
SEC FILING FORM U-3A-2
FOR THE PERIOD ENDED DECEMBER 31, 2000
Consolidated (CED Holding) (CEEMI)
Edison CED Generation Con Edison
Development, Inc Holding Energy of
Consolidated Elimination Company, LLC Massachusets
---------------------------------------------------------------------------
Operating revenues
Electric
Gas
Steam
Non-utility 96,870,011.23 (30,634,737.95) 46,267,749.71 23,189,246.38
---------------------------------------------------------------------------
Total - Operating Revenues 96,870,011.23 (30,634,737.95) 46,267,749.71 23,189,246.38
---------------------------------------------------------------------------
Operating expenses
Purchased power
Fuel 28,712,858.87 - 18,893,547.36 9,819,311.51
Gas Purchased for resale -
Other operations 13,295,711.59 - 4,687,640.68 5,848,333.63
Maintenance -
Depreciation & amortization 7,822,248.85 - 6,026,765.82 1,704,527.35
Taxes, other than federal Income 922,037.86 - 733,261.45 210,267.25
State income tax 2,426,051.00 - - -
Federal income tax (16,035,399.48) (3,278,650.16) 1,902,325.36 1,376,324.80
Federal Income tax deferred - net 31,424,114.27 - - -
Investment tax credit deferred - net -
-
---------------------------------------------------------------------------
Total - Operating Expenses 68,567,622.96 (3,278,650.16) 32,243,540.67 18,958,764.54
---------------------------------------------------------------------------
Operating Income 28,302,388.27 (27,356,087.79) 14,024,209.04 4,230,481.84
Other Income (Deductions)
Investment income 97,630.45 (3,678,609.64) - 207,828.86
AFDC-equity -
Other income lees income deductions 630,630.22 - (855,450.71) -
State income tax -
Federal income tax -
Federal income tax - deferred -
-
---------------------------------------------------------------------------
Total Other Income 728,260.67 (3,678,609.64) (855,450.71) 207,828.86
---------------------------------------------------------------------------
Income Before Interest Charges 29,030,648.94 (31,034,697.43) 13,168,758.33 4,438,310.70
Interest Charges
Interest on long term debt 9,636,037.64 (3,678,609.78) 9,636,037.64 1,882,674.38
Other Interest -
AFDC-borrowed -
-
---------------------------------------------------------------------------
Net Interest Charges 9,636,037.64 (3,678,609.78) 9,636,037.64 1,882,674.38
---------------------------------------------------------------------------
Net Income 19,394,611.30 (27,356,087.65) 3,532,720.69 2,555,636.32
Preferred stock dividend requirements - - - -
---------------------------------------------------------------------------
Net Income Applicable to Common Stock 19,394,611.30 (27,356,087.65) 3,532,720.69 2,555,636.32
===========================================================================
(CED) (CEL) (CEDG) (CEDA)
Consolidated Consolidated Consolidated Consolidated
Edison Edison Edison Edison
Development, Inc Leasing, Inc Guatemala, Ltd. Ada, Inc
-----------------------------------------------------------------------------
Operating revenues
Electric
Gas
Steam
Non-utility 30,643,875.42 10,477,019.00 (64,679.99) 624,026.66
-----------------------------------------------------------------------------
Total - Operating Revenues 30,643,875.42 10,477,019.00 (64,679.99) 624,026.66
-----------------------------------------------------------------------------
Operating expenses
Purchased power
Fuel - - - -
Gas Purchased for resale
Other operations 7,573,366.44 - 662.00 -
Maintenance
Depreciation & amortization 90,955.68 - - -
Taxes, other than federal Income (21,490.84) - - -
State income tax 2,426,051.00 - - -
Federal income tax 2,433,350.17 (8,525,164.00) - 221,500.00
Federal Income tax deferred - net 130,822.91 14,313,653.35 (17,925.14) -
Investment tax credit deferred - net
-----------------------------------------------------------------------------
Total - Operating Expenses 12,633,055.36 5,788,489.35 (17,263.14) 221,500.00
-----------------------------------------------------------------------------
Operating Income 18,010,820.06 4,688,529.65 (47,416.85) 402,526.66
Other Income (Deductions)
Investment income 1,772,475.87 1,194,959.04 - -
AFDC-equity
Other income lees income deductions 1,348,713.39 - 137,367.54 -
State income tax
Federal income tax
Federal income tax - deferred
-----------------------------------------------------------------------------
Total Other Income 3,121,189.26 1,194,959.04 137,367.54 -
-----------------------------------------------------------------------------
Income Before Interest Charges 21,132,009.32 5,883,488.69 89,950.69 402,526.66
Interest Charges
Interest on long term debt 1,795,935.40
Other Interest
AFDC-borrowed
-----------------------------------------------------------------------------
Net Interest Charges 1,795,935.40 - - -
-----------------------------------------------------------------------------
Net Income 19,336,073.92 5,883,488.69 89,950.69 402,526.66
Preferred stock dividend requirements - - - -
-----------------------------------------------------------------------------
Net Income Applicable to Common Stock 19,336,073.92 5,883,488.69 89,950.69 402,526.66
=============================================================================
(CEL LLC) (CAI) (CED SCS) (CED/GTM) (CEDST)
Edison Carson SCS/ GTM1
Leasing, LLC Acquisition, Inc Newington, LLC Energy, LLC CEDST, LLC
----------------------------------------------------------------------------------------
Operating revenues
Electric
Gas
Steam
Non-utility 12,539,563.00 3,827,949.00 - - -
----------------------------------------------------------------------------------------
Total - Operating Revenues 12,539,563.00 3,827,949.00 - - -
----------------------------------------------------------------------------------------
Operating expenses
Purchased power
Fuel - - - - -
Gas Purchased for resale
Other operations - - (6,222,380.12) 1,366,786.96 41,302.00
Maintenance
Depreciation & amortization - - - - -
Taxes, other than federal Income - - - - -
State income tax - - - - -
Federal income tax (10,846,046.00) 1,315,000.35 - - (634,040.00)
Federal Income tax deferred - net 16,434,370.15 - - - 563,193.00
Investment tax credit deferred - net
----------------------------------------------------------------------------------------
Total - Operating Expenses 5,588,324.15 1,315,000.35 (6,222,380.12) 1,366,786.96 (29,545.00)
----------------------------------------------------------------------------------------
Operating Income 6,951,238.85 2,512,948.65 6,222,380.12 (1,366,786.96) 29,545.00
Other Income (Deductions)
Investment income 600,976.32 - - - -
AFDC-equity
Other income lees income deductions - - - - -
State income tax
Federal income tax
Federal income tax - deferred
----------------------------------------------------------------------------------------
Total Other Income 600,976.32 - - - -
----------------------------------------------------------------------------------------
Income Before Interest Charges 7,552,215.17 2,512,948.65 6,222,380.12 (1,366,786.96) 29,545.00
Interest Charges
Interest on long term debt
Other Interest
AFDC-borrowed
----------------------------------------------------------------------------------------
Net Interest Charges - - - - -
----------------------------------------------------------------------------------------
Net Income 7,552,215.17 2,512,948.65 6,222,380.12 (1,366,786.96) 29,545.00
Preferred stock dividend requirements - - - - -
----------------------------------------------------------------------------------------
Net Income Applicable to Common Stock 7,552,215.17 2,512,948.65 6,222,380.12 (1,366,786.96) 29,545.00
========================================================================================
CONSOLIDATED EDISON DEVELOPMENT, INC.
CONSOLIDATING INCOME STATEMENT
PER CONSOLIDATED EDISON, INC.
SEC FILING FORM U-3A-2
FOR THE PERIOD ENDED DECEMBER 31, 2000
Consolidated (CED Holding) (CEEMI)
Edison CED Generation Con Edison
Development, Inc Holding Energy of
Consolidated Elimination Company, LLC Massachusets
-------------------------------------------------------------------------
ASSETS
A100 Utility Plant 279,059,815.31 - 238,688,899.86 40,370,915.45
A150 Accumulated depreciation (48,643,353.46) - (46,500,273.07) (2,143,080.39)
-------------------------------------------------------------------------
Net utility plant 230,416,461.85 - 192,188,626.79 38,227,835.06
-------------------------------------------------------------------------
A160 Construction Work in Progress
A170 Nuclear fuel assemblies less amortization
-------------------------------------------------------------------------
Net Utility Plant 230,416,461.85 - 192,188,626.79 38,227,835.06
-------------------------------------------------------------------------
A200 Cash 6,048,017.48 - 937,344.18 1,662,682.82
A210 Temporary cash investments
A220 Accounts receivable - customers
A230 Allowance for uncollectible accounts
A240 Accounts receivable - other 42,456,089.35 - 11,038,715.04 8,557,155.38
A250 Materials and supplies - fuel
A255 Materials and supplies - other 5,625,872.14 - 509,745.10 5,116,127.04
A260 Natural gas in storage
A270 Prepayments - taxes
A271 Prepayments - other 1,690,850.34 - 1,467,078.00 181,037.28
A280 Special deposits 16,392,023.00 - - -
A290 Other current and accrued assets 17,136,142.75 - 17,136,142.75 -
-------------------------------------------------------------------------
Total Current Assets 89,348,995.06 - 31,089,025.07 15,517,002.52
-------------------------------------------------------------------------
A300 Non-utility property less accumulated dep 219,248.19
A310 Nuclear decommissioning trust fund
A350 Other Investments - other 171,570,872.75 (297,171,877.46) - -
-------------------------------------------------------------------------
Total Investments 171,790,120.94 (297,171,877.46) - -
-------------------------------------------------------------------------
A400 Unamortized debt expense
A405 Regulatory study costs
A410 Preliminary survey and investigation charges
A415 Clearing accounts
A420 Deferred charges 72,078,900.76 - 65,000,135.32 7,078,765.44
A490 Regulatory asset - future federal income taxes
-------------------------------------------------------------------------
TOTAL ASSETS 563,634,478.61 (297,171,877.46) 288,277,787.18 60,823,603.02
=========================================================================
(CED) (CEL) (CEDG) (CEDA)
Consolidated Consolidated Consolidated Consolidated
Edison Edison Edison Edison
Development, Inc Leasing, Inc Guatemala, Ltd. Ada, Inc
--------------------------------------------------------------------------
A100 Utility Plant
A150 Accumulated depreciation
-------------------------------------------------------------------------
Net utility plant - - - -
-------------------------------------------------------------------------
A160 Construction Work in Progress
A170 Nuclear fuel assemblies less amortization
-------------------------------------------------------------------------
Net Utility Plant - - - -
-------------------------------------------------------------------------
A200 Cash 915,952.98 - 2,532,037.50 -
A210 Temporary cash investments
A220 Accounts receivable - customers
A230 Allowance for uncollectible accounts
A240 Accounts receivable - other 11,895,214.31 - - -
A250 Materials and supplies - fuel
A255 Materials and supplies - other - - - -
A260 Natural gas in storage
A270 Prepayments - taxes
A271 Prepayments - other 42,735.06 - - -
A280 Special deposits 16,201,325.00 - - -
A290 Other current and accrued assets - - - -
-------------------------------------------------------------------------
Total Current Assets 29,055,227.35 - 2,532,037.50 -
-------------------------------------------------------------------------
A300 Non-utility property less accumulated
depreciation 219,248.19
A310 Nuclear decommissioning trust fund
A350 Other Investments - other 300,423,500.15 69,683,782.00 11,820,216.84 9,318,237.22
-------------------------------------------------------------------------
Total Investments 300,642,748.34 69,683,782.00 11,820,216.84 9,318,237.22
-------------------------------------------------------------------------
A400 Unamortized debt expense
A405 Regulatory study costs
A410 Preliminary survey and investigation charges
A415 Clearing accounts
A420 Deferred charges
A490 Regulatory asset - future federal income taxes
-------------------------------------------------------------------------
TOTAL ASSETS 329,697,975.69 69,683,782.00 14,352,254.34 9,318,237.22
=========================================================================
(CEL LLC) (CAI) (CED SCS) (CED/GTM) (CEDST)
Edison Carson SCS/ GTM1
Leasing, LLC Acquisition, Inc Newington, LLC Energy, LLC CEDST, LLC
----------------------------------------------------------------------------------------
A100 Utility Plant
A150 Accumulated depreciation
----------------------------------------------------------------------------------------
Net utility plant - - - - -
----------------------------------------------------------------------------------------
A160 Construction Work in Progress
A170 Nuclear fuel assemblies less amortization
----------------------------------------------------------------------------------------
Net Utility Plant - - - - -
----------------------------------------------------------------------------------------
A200 Cash - - - - -
A210 Temporary cash investments
A220 Accounts receivable - customers
A230 Allowance for uncollectible accounts
A240 Accounts receivable - other - - 10,965,004.62 - -
A250 Materials and supplies - fuel
A255 Materials and supplies - other - - - - -
A260 Natural gas in storage
A270 Prepayments - taxes
A271 Prepayments - other - - - - -
A280 Special deposits - - - - 190,698.00
A290 Other current and accrued assets - - - - -
----------------------------------------------------------------------------------------
Total Current Assets - - 10,965,004.62 - 190,698.00
----------------------------------------------------------------------------------------
A300 Non-utility property less accumulated dep219,248.19
A310 Nuclear decommissioning trust fund
A350 Other Investments - other 8,372,093.00 - - - 9,124,921.00
----------------------------------------------------------------------------------------
Total Investments 8,372,093.00 - - - 9,124,921.00
----------------------------------------------------------------------------------------
A400 Unamortized debt expense
A405 Regulatory study costs
A410 Preliminary survey and investigation charges
A415 Clearing accounts
A420 Deferred charges
A490 Regulatory asset - future federal income taxes
----------------------------------------------------------------------------------------
TOTAL ASSETS 8,372,093.00 - 10,965,004.62 - 9,315,619.00
========================================================================================
CONSOLIDATED EDISON DEVELOPMENT, INC.
CONSOLIDATING INCOME STATEMENT
PER CONSOLIDATED EDISON, INC.
SEC FILING FORM U-3A-2
FOR THE PERIOD ENDED DECEMBER 31, 2000
Consolidated (CED Holding) (CEEMI)
Edison CED Generation Con Edison
Development, Inc Holding Energy of
Consolidated Elimination Company, LLC Massachusets
-----------------------------------------------------------------
LIABILITIES
l100 Common Equity
l101 Common Stock Issued 20,000.00 (96,324,130.14) 96,324,010.14 100.00
l110 Other Paid-in Capital, Premium on Common Stock 281,453,331.97 (159,446,272.13) - 26,728,827.93
l115 Gain on Resale of Reacquired Capital Stock
l130 Capital Stock Expense - Common Stock
l135 Capital Stock Expense - Preferred Stock
l140 Treasury Stock
l150 Retained Earnings 16,527,396.94 (38,126,745.36) 3,533,636.78 2,904,721.71
l152 Accumulated other comprehensive income
-----------------------------------------------------------------
Total Common Equity 298,000,728.91 (293,897,147.63) 99,857,646.92 29,633,649.64
-----------------------------------------------------------------
l160 Preferred Stock
-----------------------------------------------------------------
Total Capital Stock and Retained Earnings 298,000,728.91 (293,897,147.63) 99,857,646.92 29,633,649.64
-----------------------------------------------------------------
l170 Long-term Debt 164,645,001.00 (0.14) 164,645,001.00 24,115,487.38
l190 Unamortized premium (Discount)
-----------------------------------------------------------------
Total Long-term Debt 164,645,001.00 (0.14) 164,645,001.00 24,115,487.38
-----------------------------------------------------------------
Total Capitalization 462,645,729.91 (293,897,147.77) 264,502,647.92 53,749,137.02
l200 Noncurrent liabilities
l205 Obligations Under Capital leases
l210 Accumulated provision for Injuries & Damages
l211 Provision for Rate Refunds
l212 Minority interest in consolidated subsidiaries 8,416,232.46 - 8,416,132.46 -
l215 Pension and Benefits Reserve
l220 Uranium Decommissioning Fund 2,867,743.73 - - 1,361,822.16
l290 Other
-----------------------------------------------------------------
Total Noncurrent Liabilities 11,283,976.19 - 8,416,132.46 1,361,822.16
-----------------------------------------------------------------
l300 Current Liabilities
l301 Long-Term Debt Due Within One Year 9,590,000.00 - 9,590,000.00 -
l302 Notes Payable
l315 Accounts Payable 9,465,038.16 (0.02) 1,812,931.29 458,441.47
l330 Customer Deposits
l340 Accrued Income Taxes 4,110,786.27 (3,274,729.67) 1,902,325.36 1,550,044.97
l345 Other Accrued Taxes
l350 Interest Accrued
l355 Dividends Declared
l360 Matured Long-term Debt and Interest
l370 Miscellaneous Current and Accrued liabilities 6,601,569.72 - 2,053,750.15 3,704,157.40
-----------------------------------------------------------------
Total Current Liabilities 29,767,394.15 (3,274,729.69) 15,359,006.80 5,712,643.84
-----------------------------------------------------------------
l405 Accumulated Deferred Federal Income Tax 59,937,378.36 - - -
l410 Deferred Tax liability - Future Federal Income Taxes
-----------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax 59,937,378.36 - - -
-----------------------------------------------------------------
l420 Accumulated Deferred Investment Tax Credits
l425 Other Deferred Credits
-----------------------------------------------------------------
Total Future FIT & Other Deferred Credits 59,937,378.36 - - -
-----------------------------------------------------------------
-----------------------------------------------------------------
TOTAL LIABILITIES 563,634,478.61 (297,171,877.46) 288,277,787.18 60,823,603.02
=================================================================
(CED) (CEL) (CEDG) (CEDA)
Consolidated Consolidated Consolidated Consolidated
Edison Edison Edison Edison
Development, Inc Leasing, Inc Guatemala, Ltd. Ada, Inc
-----------------------------------------------------------------
LIABILITIES
l100 Common Equity
l101 Common Stock Issued 20,000.00 20.00 - -
l110 Other Paid-in Capital, Premium on Common Stock 281,453,331.97 43,445,081.00 13,758,899.65 8,387,428.56
l115 Gain on Resale of Reacquired Capital Stock
l130 Capital Stock Expense - Common Stock
l135 Capital Stock Expense - Preferred Stock
l140 Treasury Stock
l150 Retained Earnings 16,655,493.30 16,853,069.37 421,279.83 830,308.66
l152 Accumulated other comprehensive income
-----------------------------------------------------------------
Total Common Equity 298,128,825.27 60,298,170.37 14,180,179.48 9,217,737.22
-----------------------------------------------------------------
l160 Preferred Stock
-----------------------------------------------------------------
Total Capital Stock and Retained Earnings 298,128,825.27 60,298,170.37 14,180,179.48 9,217,737.22
-----------------------------------------------------------------
l170 Long-term Debt 15,473,146.33 (24,096,839.72) - -
l190 Unamortized premium (Discount)
Total Long-term Debt 15,473,146.33 (24,096,839.72) - -
Total Capitalization 313,601,971.60 36,201,330.65 14,180,179.48 9,217,737.22
l200 Noncurrent liabilities
l205 Obligations Under Capital leases
l210 Accumulated provision for Injuries & Damages
l211 Provision for Rate Refunds
l212 Minority interest in consolidated subsidiaries - - 100.00 -
l215 Pension and Benefits Reserve
l220 Uranium Decommissioning Fund 23,921.57 - - -
l290 Other
-----------------------------------------------------------------
Total Noncurrent Liabilities 23,921.57 - 100.00 -
-----------------------------------------------------------------
l300 Current Liabilities
l301 Long-Term Debt Due Within One Year - - - -
l302 Notes Payable
l315 Accounts Payable 7,192,765.42 - 900.00 -
l330 Customer Deposits
l340 Accrued Income Taxes 8,396,244.61 (1,338,676.00) - 100,500.00
l345 Other Accrued Taxes
l350 Interest Accrued
l355 Dividends Declared
l360 Matured Long-term Debt and Interest
l370 Miscellaneous Current and Accrued liabilities 483,072.49 - 14,000.00 -
-----------------------------------------------------------------
Total Current Liabilities 16,072,082.52 (1,338,676.00) 14,900.00 100,500.00
-----------------------------------------------------------------
l405 Accumulated Deferred Federal Income Tax - 34,821,127.35 157,074.86 -
l410 Deferred Tax liability - Future Federal Income Taxes
-----------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax - 34,821,127.35 157,074.86 -
-----------------------------------------------------------------
l420 Accumulated Deferred Investment Tax Credits
l425 Other Deferred Credits
-----------------------------------------------------------------
Total Future FIT & Other Deferred Credits - 34,821,127.35 157,074.86 -
-----------------------------------------------------------------
TOTAL LIABILITIES 329,697,975.69 69,683,782.00 14,352,254.34 9,318,237.22
=================================================================
(CEL LLC) (CAI) (CED SCS) (CED/GTM)
Edison Carson SCS/ GTM1
Leasing, LLC Acquisition, Inc Newington, LLC Energy, LLC
-------------------------------------------------------------------------
LIABILITIES
l100 Common Equity
l101 Common Stock Issued - - - -
l110 Other Paid-in Capital, Premium on Common Stock 48,966,729.59 (3,014,194.01) 10,965,004.62 1,432,786.96
l115 Gain on Resale of Reacquired Capital Stock
l130 Capital Stock Expense - Common Stock
l135 Capital Stock Expense - Preferred Stock
l140 Treasury Stock
l150 Retained Earnings 11,844,569.70 3,014,304.91 - (1,432,786.96)
l152 Accumulated other comprehensive income
---------------------------------------------------------------
Total Common Equity 60,811,299.29 110.90 10,965,004.62 -
---------------------------------------------------------------
l160 Preferred Stock
---------------------------------------------------------------
Total Capital Stock and Retained Earnings 60,811,299.29 110.90 10,965,004.62 -
---------------------------------------------------------------
l170 Long-term Debt (15,491,793.85) - - -
l190 Unamortized premium (Discount)
Total Long-term Debt (15,491,793.85) - - -
Total Capitalization 45,319,505.44 110.90 10,965,004.62 -
l200 Noncurrent liabilities
l205 Obligations Under Capital leases
l210 Accumulated provision for Injuries & Damages
l211 Provision for Rate Refunds
l212 Minority interest in consolidated subsidiaries - - - -
l215 Pension and Benefits Reserve
l220 Uranium Decommissioning Fund - - - -
l290 Other
---------------------------------------------------------------
Total Noncurrent Liabilities - - - -
---------------------------------------------------------------
l300 Current Liabilities
l301 Long-Term Debt Due Within One Year - - - -
l302 Notes Payable
l315 Accounts Payable - - - -
l330 Customer Deposits
l340 Accrued Income Taxes (1,690,096.00) - - -
l345 Other Accrued Taxes
l350 Interest Accrued
l355 Dividends Declared
l360 Matured Long-term Debt and Interest
l370 Miscellaneous Current and Accrued liabilities 346,700.41 (110.90) - -
---------------------------------------------------------------
Total Current Liabilities (1,343,395.59) (110.90) - -
---------------------------------------------------------------
l405 Accumulated Deferred Federal Income Tax 24,395,983.15 - - -
l410 Deferred Tax liability - Future Federal Income Taxes
---------------------------------------------------------------
Total Accumulated Deferred Federal Income Tax 24,395,983.15 - - -
---------------------------------------------------------------
l420 Accumulated Deferred Investment Tax Credits
l425 Other Deferred Credits
---------------------------------------------------------------
Total Future FIT & Other Deferred Credits 24,395,983.15 - - -
---------------------------------------------------------------
TOTAL LIABILITIES 68,372,093.00 0.00 10,965,004.62 -
===============================================================
(CEDST)
CEDST, LLC
----------------
LIABILITIES
l100 Common Equity
l101 Common Stock Issued -
l110 Other Paid-in Capital, Premium on Common Stock 8,775,707.83
l115 Gain on Resale of Reacquired Capital Stock
l130 Capital Stock Expense - Common Stock
l135 Capital Stock Expense - Preferred Stock
l140 Treasury Stock
l150 Retained Earnings 29,545.00
l152 Accumulated other comprehensive income
---------------
Total Common Equity 8,805,252.83
---------------
l160 Preferred Stock
---------------
Total Capital Stock and Retained Earnings 8,805,252.83
---------------
l170 Long-term Debt ( -
l190 Unamortized premium (Discount)
Total Long-term Debt ( -
Total Capitalization 8,805,252.83
l200 Noncurrent liabilities
l205 Obligations Under Capital leases
l210 Accumulated provision for Injuries & Damages
l211 Provision for Rate Refunds
l212 Minority interest in consolidated subsidiaries -
l215 Pension and Benefits Reserve
l220 Uranium Decommissioning Fund 1,482,000.00
l290 Other
---------------
Total Noncurrent Liabilities 1,482,000.00
---------------
l300 Current Liabilities
l301 Long-Term Debt Due Within One Year -
l302 Notes Payable
l315 Accounts Payable -
l330 Customer Deposits
l340 Accrued Income Taxes (1,534,827.00)
l345 Other Accrued Taxes
l350 Interest Accrued
l355 Dividends Declared
l360 Matured Long-term Debt and Interest
l370 Miscellaneous Current and Accrued liabilities 0.17
---------------
Total Current Liabilities (1,534,826.83)
---------------
l405 Accumulated Deferred Federal Income Tax 563,193.00
l410 Deferred Tax liability - Future Federal Income Taxes
---------------
Total Accumulated Deferred Federal Income Tax 563,193.00
---------------
l420 Accumulated Deferred Investment Tax Credits
l425 Other Deferred Credits
---------------
Total Future FIT & Other Deferred Credits 563,193.00
---------------
TOTAL LIABILITIES 9,315,619.00
===============
Exhibit B
ORGANIZATION CHART
REFERENCE IS MADE TO ITEMS 1 AND 4 OF THIS FORM U-3A-2 FOR A DESCRIPTION OF THE
COMPANIES IN CLAIMANT'S HOLDING COMPANY SYSTEM, INCLUDING INTERESTS IN
SUBSIDIARIES.
CLAIMANT
/ / / / / / /
A. Con Edison B. O&R C. CES D. CEDI E. CEEI F. CECI G. Merger
/ / / / / Subs
A.1 - DIDCO B.1 - RECO C.1 - IMD D.1 - CEDG F.1. NEON
A.2 - DCK B.1.a - SRH C.2 - RSLI D.1.a - EPCA
A.3 - Honeoye B.1.a.(i) - NHI D.1.a.(i) - GENOR (FUCO)
A.4 - SHL B.1.a(i)(A) - NORSTAR D.2 - CEL
B.1.a(i)(B) - Millbrook D.3 - CELLC
B.1.b. - Enserve D.4 - CEDA
B.2. - Pike D.4.a. - CDA
B.3. - Clove D.4.a.(i) - ACLP
B.4. - ORDEVCO D.5 - CAI
B.5. - ORED D.6 - CED/SCS
D.6.a - NELLC (EWG)
D.7. -CED Holding
D.7.a. - CED Management
D.7.b. - CED Operating
D.7.c. - CEDL
D.7.d. - Lakewood (EWG)
D.8. - OP
D.9. - CEEMI (EWG)
D.10. - CED/GTM
D.10.a - GTM Energy
D.11. - CEDST
D.11.a - CED42
D.12 - CEDRS
D.13 - CEDGAF
D.14 - CEES