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FILE NO.
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Amendment No. 1
FORM U-3A-2/A
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
OGE ENERGY CORP.
hereby files with the Securities and Exchange Commission, pursuant to Rule 2, this amended statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935. This amended Form U-3A-2/A is being filed to reflect certain reclassifications to the consolidating financial statements that were included in the Form U-3A-2 filed February 26, 2002. This amended Form U-3A-2/A amends and supercedes the Form U-3A-2 filed February 26, 2002. OGE Energy Corp. 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.
OGE Energy Corp. (the "Company") is a public utility holding company, which is incorporated in the State of Oklahoma and located in Oklahoma City, Oklahoma. At December 31, 2001, the Company was not engaged in any business independent of that conducted through its subsidiaries, Oklahoma Gas and Electric Company ("OG&E"), Enogex Inc. ("Enogex"), Origen Inc. ("Origen") and OGE Capital Trust.
OG&E was incorporated February 27, 1902, under the laws of the Territory of Oklahoma and is now existing under and by virtue of the laws of the State of Oklahoma. OG&E is an operating electric public utility. Its operations are conducted predominantly in the State of Oklahoma. OG&E also conducts some operations in the State of Arkansas. Its business is more fully described in its most recent Form 10-K Annual Report (File No. 1-1097) on file with the Commission.
Enogex is a wholly-owned subsidiary of the Company. Enogex owns and operates a natural gas pipeline system that, among other things, delivers natural gas to OG&E’s electric generating units. By order of the Commission dated August 28, 1986 (Release No. 35-24174), the Commission ordered that Enogex was not a gas utility company within the meaning of
1
Section 2(a)(4) of the Public Utility Holding Company Act of 1935, as amended (the “Act”). At December 31, 2001, Enogex had six wholly-owned active subsidiaries: Enogex Products Corporation, OGE Energy Resources, Inc., Enogex Exploration Corporation, Enogex Arkansas Pipeline Corporation, Enogex Gas Gathering, L.L.C. and Transok Holding, LLC. At December 31, 2001, Enogex Products Corporation owned one hundred percent interests in Belvan Corp., Belvan Partners, L.P. and Todd Ranch Partners, L.P., and an eighty percent interest in NuStar Joint Venture. Enogex Arkansas Pipeline Corporation owned a seventy-five percent interest in NOARK Pipeline System, Limited Partnership. The NOARK Pipeline System, Limited Partnership owned one hundred percent interests in Ozark Gas Transmission, L.L.C., Arkansas Western Pipeline, L.L.C., NOARK Energy Services, L.L.C., Ozark Gas Gathering, L.L.C. and NOARK Pipeline Finance, L.L.C. At February 1, 2001, Arkansas Western Pipeline, L.L.C. was merged into Ozark Gas Transmission L.L.C. Transok Holding, LLC owned a one hundred percent interest in Transok, LLC. Transok, LLC owned one hundred percent interests in Transok Gas Gathering, LLC, Transok Gas Processing, LLC and Transok Gas, LLC. Enogex and five of its subsidiaries were incorporated under the laws of the State of Oklahoma. Transok Holding, LLC and its subsidiaries are Delaware limited liability companies. The subsidiaries of Enogex: own and operate gas processing plants in Oklahoma and west Texas; are engaged in the gathering, transmission and processing of natural gas; are engaged in the buying, selling and brokering of energy (natural gas, electricity and natural gas liquids); and participate in the drilling for and production of natural gas (some crude, on occasion). The subsidiaries of Enogex are not “public utility companies” within the meaning of the Act.
Origen is a wholly-owned non-regulated subsidiary of the Company. Origen was incorporated under the laws of the State of Oklahoma. Origen is currently invested in a venture capital fund.
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.
The Company owns no physical properties.
The principal properties of OG&E are described in the above mentioned Form 10-K Annual Report (File No. 1-1097) on file with the Commission.
3. The following information for the last calendar year with respect to claimant and each of its subsidiary public utility companies:
2
( a ) Number of Kwh of electric energy sold (at retail or wholesale), and Mcf of natural or manufactured gas distributed at retail:
MCF Kwh Sold Dollar Revenues From Sales
--------- ---------------- --------------------------
Retail None 22,984,329,000 $ 1,355,673,506
Wholesale None 1,956,460,000 65,483,069
---------------- -----------------
Totals 24,940,789,000 $ 1,421,156,575
================ =================
( b ) Number of Kwh of electric energy and Mcf of natural or manufactured gas distributed at retail outside the State of incorporation of exempt holding company, the volumes sold and related revenues at retail in ( a ) above:
MCF Kwh Sold Dollar Retail Revenues
--------- ---------------- --------------------------
Arkansas None 2,599,595,000 $ 1,355,673,506
( c ) Outside the State or at the State line (please identify which) of the State of incorporation of exempt holding company, the volumes sold and related revenues at wholesale in ( a ) above:
MCF Kwh Sold Dollar Wholesale Revenues
--------- ---------------- --------------------------
Arkansas None 806,201,000 $ 29,559,087
State Line None 329,040,000 10,225,228
---------------- -----------------
Totals 1,135,241,000 $ 39,784,315
================ =================
( 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:
State Line
Total Company Arkansas (Other Utilities)
------------- ------------ -----------------
Mcf None - -
Kwh by OG&E 973,978,200 7,782,200 966,196,000
Revenue by OG&E $ 57,493,327 $ 344,196 $ 39,784,315
4. The following information for the reporting period with respect to claimant and each interest it holds directly or indirectly in an EWG or a foreign utility company, stating monetary amounts in United States dollars:
( a ) Name, location, business address and description of the facilities used by the EWG or foreign utility company for the generation, transmission and distribution of electric energy for sale or for the distribution at retail of natural or manufactured gas.
( b ) Name of each system company that holds an interest in such EWG or foreign utility company; and description of the interest held.
3
( c ) Type and amount of capital invested, directly or indirectly, by the holding company claiming exemption; any direct or indirect guarantee of the security of the EWG or foreign utility company by the holding company claiming exemption; and any debt or other financial obligation for which there is recourse, directly or indirectly, to the holding company claiming exemption or another system company, other than the EWG or foreign utility company.
( d ) Capitalization and earnings of the EWG or foreign utility company during the reporting period.
( e ) Identify any service, sales or construction contract(s) between the EWG or foreign utility company and a system company, and describe the services to be rendered or goods sold and fees or revenues under such agreement(s).
Item 4 is not applicable. At December 31, 2001, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company.
4
EXHIBITS
- Consolidating Statement of Income and Retained Earnings for the year ended
December 31, 2001, and Consolidating Balance Sheet as of December 31, 2001, for
OGE Energy Corp. (the "Company") and its subsidiary companies.
- An organizational chart showing the relationship of each EWG or foreign
utility company to associate companies in the holding-company system.
Exhibit B is not applicable. At December 31, 2001, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company.
5
The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 17th day of May 2002.
OGE ENERGY CORP.
(Registrant)
By /s/ Donald R. Rowlett
Donald R. Rowlett
Vice President and Controller
CORPORATE SEAL
Attest:
/s/ Irma B. Elliott
Irma B. Elliott
Vice President and Corporate Secretary
Name, title and address of officer to whom notices and correspondence concerning this statement should be addressed:
Donald R. Rowlett, Vice President and Controller
P. O. BOX 321, Oklahoma City, Oklahoma 73101-0321
6
EXHIBIT INDEX
Exhibit
Description
- Consolidating Statement of Income and Retained Earnings for the year ended December 31, 2001, and Consolidating Balance Sheet as of December 31, 2001, for OGE Energy Corp. (the "Company") and its subsidiary companies.
7
Exhibit A
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 2001
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen
Corp. Company Inc. Inc.
------------ ------------- ------------ --------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................ $ 32,100 $ 380 $ - $ 13
Accounts receivable - customers,
less reserve of $8,863................. - 98,342 106,813 -
Accounts receivable - affiliates......... - - 515 327
Advances to parent....................... - - 65,793 -
Accrued unbilled revenues................ - 35,600 - -
Accounts receivable-other................ 280 12,073 4,570 35
Fuel inventories......................... - 54,882 22,327 -
Materials and supplies, at average cost.. 2,029 32,640 4,067 -
Prepayments and other.................... 1,963 35,480 3,660 -
Price risk management.................... - - 21,238 -
Accumulated deferred tax assets.......... 828 7,493 1,714 -
------------ ------------- ------------ --------
Total current assets................... 37,200 276,890 230,697 375
OTHER PROPERTY AND INVESTMENTS, at cost.... 1,394,985 15,500 2,647 1,142
PROPERTY, PLANT AND EQUIPMENT:
In service............................... 46,426 3,961,652 1,499,162 -
Construction work in progress............ 654 22,497 24,661 -
------------ ------------- ------------ --------
Total property, plant and equipment.... 47,080 3,984,149 1,523,823 -
Less accumulated depreciation........ 20,334 1,978,872 292,098 -
------------ ------------- ------------ --------
Net property, plant and equipment........ 26,746 2,005,277 1,231,725 -
DEFERRED CHARGES:
Advance payments for gas................. - 8,500 - -
Income taxes recoverable through
future rates........................... - 37,615 - -
Intangible asset - unamortized
prior service cost..................... 4,883 42,435 - -
Prepaid benefit obligation (1)........... 6,154 11,850 3,311 -
Price risk management.................... - - 13,390 -
Other.................................... 10,545 36,278 38,981 57
------------ ------------- ------------ --------
Total deferred charges................. 21,582 136,678 55,682 57
------------ ------------- ------------ --------
TOTAL ASSETS............................... $ 1,480,513 $ 2,434,345 $ 1,520,751 $ 1,574
============ ============= ============ ========
OGE
(dollars in thousands) OGE Consolidating Consolidated
Capital Trust Adjustments Statements
------------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ - $ 32,493
Accounts receivable - customers,
less reserve of $8,863............... - - 205,155
Accounts receivable - affiliates....... 209,680 (210,522) -
Advances to parent..................... - (65,793) -
Accrued unbilled revenues.............. - - 35,600
Accounts receivable-other.............. - - 16,958
Fuel inventories....................... - - 77,209
Materials and supplies, at
average cost......................... - - 38,736
Prepayments and other.................. - - 41,103
Price risk management.................. - - 21,238
Accumulated deferred tax assets........ - - 10,035
------------- ------------- ------------
Total current assets................. 209,680 (276,315) 478,527
OTHER PROPERTY AND INVESTMENTS, at cost.. - (1,373,956) 40,318
PROPERTY, PLANT AND EQUIPMENT:
In service............................. - - 5,507,240
Construction work in progress.......... - - 47,812
------------- ------------- ------------
Total property, plant and equipment.. - - 5,555,052
Less accumulated depreciation...... - - 2,291,304
------------- ------------- ------------
Net property, plant and equipment...... - - 3,263,748
DEFERRED CHARGES:
Advance payments for gas............... - - 8,500
Income taxes recoverable through
future rates......................... - - 37,615
Intangible asset - unamortized prior
service cost......................... - - 47,318
Prepaid benefit obligation (1)......... - - 21,315
Price risk management.................. - - 13,390
Other.................................. - - 85,861
------------- ------------- ------------
Total deferred charges............... - - 213,999
------------- ------------- ------------
TOTAL ASSETS............................. $ 209,680 $ (1,650,271) $ 3,996,592
============= ============= ============
(1) Amended to reflect the reclassification of the accrued pension asset from
"Accrued pension and benefit obligations" to "Prepaid benefit obligation."
8
Exhibit A
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 2001
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen
Corp. Company Inc. Inc.
------------ ------------- ------------ --------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt................................. $ 115,000 $ - $ - $ -
Accounts payable - affiliates................... 184,655 25,867 - -
Advances from subsidiary........................ 65,793 - - -
Accounts payable................................ 2,330 63,577 87,316 -
Dividends payable............................... 25,909 - - -
Customers' deposits............................. - 28,423 - -
Accrued taxes................................... 651 20,255 7,929 -
Accrued interest................................ - 14,437 22,387 -
Long-term debt due within one year.............. - - 115,000 -
Provisions for payments of take or pay gas (2).. - 30,800 - -
Fuel clause over recoveries (2)................. - 23,358 - -
Price risk management........................... 584 - 7,341 -
Other (2)....................................... 4,297 18,134 8,520 -
------------ ------------- ------------ --------
Total current liabilities..................... 399,219 224,851 248,493 -
LONG-TERM DEBT.................................... - 700,379 625,924 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligations (1)..... 14,113 80,850 5,123 -
Accumulated deferred income taxes............... 2,795 438,972 193,179 -
Accumulated deferred investment tax credits..... - 52,279 - -
Price risk management........................... - 2,412 1,347 -
Other........................................... 3,879 9,000 26,033 -
------------ ------------- ------------ --------
Total deferred credits and other liabilities.. 20,787 583,513 225,682 -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 444,689 512,446 386,667 5,001
Retained earnings............................... 617,924 433,094 33,985 (3,427)
Accumulated other comprehensive income (loss),
net of tax.................................... (2,106) (19,938) - -
------------ ------------- ------------ --------
Total stockholders' equity.................... 1,060,507 925,602 420,652 1,574
------------ ------------- ------------ --------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 1,480,513 $ 2,434,345 $ 1,520,751 $ 1,574
============ ============= ============ ========
OGE
(dollars in thousands) OGE Consolidating Consolidated
Capital Trust Adjustments Statements
------------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt........................ $ - $ - $ 115,000
Accounts payable - affiliates.......... - (210,522) -
Advances from subsidiary............... - (65,793) -
Accounts payable....................... - (9,265) 153,223
Dividends payable...................... - - 25,909
Customers' deposits.................... - - 28,423
Accrued taxes.......................... - - 28,835
Accrued interest....................... 3,490 - 40,314
Long-term debt due within one year..... - - 115,000
Provisions for payments of take or
pay gas (2).......................... - - 30,800
Fuel clause over recoveries (2)........ - - 23,358
Price risk management.................. - - 7,925
Other (2).............................. - - 30,951
----------- ------------- ------------
Total current liabilities............ 3,490 (276,315) 599,738
LONG-TERM DEBT........................... 200,000 - 1,526,303
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit
obligations (1)...................... - - 100,086
Accumulated deferred income taxes...... - - 634,946
Accumulated deferred investment tax
credits.............................. - - 52,279
Price risk management.................. - - 3,759
Other.................................. - - 38,912
----------- ------------- ------------
Total deferred credits and other
liabilities........................ - - 829,982
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ 6,190 (910,304) 444,689
Retained earnings...................... - (463,652) 617,924
Accumulated other comprehensive
income (loss), net of tax............ - - (22,044)
----------- ------------- ------------
Total stockholders' equity........... 6,190 (1,373,956) 1,040,569
----------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY................................. $ 209,680 $ (1,650,271) $ 3,996,592
=========== ============= ============
(1) Amended to reflect the reclassification of the accrued pension asset from
"Accrued pension and benefit obligations" to "Prepaid benefit obligation."
(2) Amended to separately state these items from "Other Current Liabilities."
9
Exhibit A
OGE Energy Corp.
Consolidating Statement of Income
Year Ended December 31, 2001
OGE Oklahoma Gas
(dollars in thousands except per share data) Energy and Electric Enogex Origen
Corp. Company Inc. Inc.
----------- ------------- ------------ --------
OPERATING REVENUES................................ $ - $ 1,456,802 $ 1,767,734 $ -
COST OF GOODS SOLD................................ - 766,491 1,541,825 -
----------- ------------- ------------ --------
Gross margin on revenues.......................... - 690,311 225,909 -
Other operation and maintenance................. (10,015) 287,265 114,310 46
Depreciation and amortization................... 7,705 119,794 53,725 -
Taxes other than income......................... 2,357 46,612 16,404 2
----------- ------------- ------------ --------
OPERATING INCOME (LOSS)........................... (47) 236,640 41,470 (48)
OTHER INCOME (EXPENSES), NET...................... (420) (2,463) 857 -
----------- ------------- ------------ --------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES......... (467) 234,177 42,327 (48)
INTEREST INCOME (EXPENSES):
Interest income................................. 5,030 2,443 3,387 41
Interest on long-term debt...................... - (42,256) (55,957) -
Interest on trust preferred securities.......... - - - -
Other interest charges.......................... (29,879) (3,731) (1,913) -
----------- ------------- ------------ --------
Net interest income (expenses)................ (24,849) (43,544) (54,483) 41
INCOME (LOSS) BEFORE TAXES........................ (25,316) 190,633 (12,156) (7)
INCOME TAX EXPENSE (BENEFIT)...................... (9,652) 69,427 (7,127) (65)
----------- ------------- ------------ --------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES............................... (15,664) 121,206 (5,029) 58
INCOME FROM SUBSIDIARIES.......................... 116,235 - - -
----------- ------------- ------------ --------
NET INCOME (LOSS)................................. $ 100,571 $ 121,206 $ (5,029) $ 58
=========== ============= ============ ========
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,929
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.29
OGE
(dollars in thousands) OGE Consolidating Consolidated
Capital Trust Adjustments Statements
------------- ------------- ------------
OPERATING REVENUES....................... $ - $ (42,173) $ 3,182,363
COST OF GOODS SOLD....................... - (42,173) 2,266,143
------------- ------------- ------------
Gross margin on revenues................. - - 916,220
Other operation and maintenance........ - - 391,606
Depreciation and amortization.......... - - 181,224
Taxes other than income................ - - 65,375
------------- ------------- ------------
OPERATING INCOME (LOSS).................. - - 278,015
OTHER INCOME (EXPENSES), NET............. - - (2,026)
------------- ------------- ------------
EARNINGS (LOSS) BEFORE INTEREST
AND TAXES.............................. - - 275,989
INTEREST INCOME (EXPENSES):
Interest income........................ 17,268 (23,768) 4,401
Interest on long-term debt............. - - (98,213)
Interest on trust preferred
securities........................... (17,268) - (17,268)
Other interest charges................. - 23,768 (11,755)
------------- ------------- ------------
Net interest income (expenses)....... - - (122,835)
INCOME (LOSS) BEFORE TAXES............... - - 153,154
INCOME TAX EXPENSE (BENEFIT)............. - - 52,583
------------- ------------- ------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES...................... - - 100,571
INCOME FROM SUBSIDIARIES................. - (116,235) -
------------- ------------- ------------
NET INCOME (LOSS)........................ $ - $ (116,235) $ 100,571
============= ============= ============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,929
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.29
10
Exhibit A
OGE Energy Corp.
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen
Corp. Company Inc. Inc.
----------- ------------- ---------- --------
BALANCE AT BEGINNING OF PERIOD.................... $ 621,010 $ 415,525 $ 49,214 $(3,485)
ADD - net income (loss)........................... 100,571 121,206 (5,029) 58
----------- ------------- ---------- --------
Total......................................... 721,581 536,731 44,185 (3,427)
DEDUCT:
Cash dividends declared
on common stock............................... 103,657 103,637 10,200 -
----------- ------------- ---------- --------
BALANCE AT END OF PERIOD.......................... $ 617,924 $ 433,094 $ 33,985 $(3,427)
=========== ============= ========== ========
OGE
(dollars in thousands) OGE Consolidating Consolidated
Capital Trust Adjustments Statements
------------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ - $ (461,254) $ 621,010
ADD - net income (loss)........................... - (116,235) 100,571)
------------- ------------- ------------
Total......................................... - (577,489) 721,581
DEDUCT:
Cash dividends declared
on common stock............................... - (113,837) 103,657
------------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ - $ (463,652) $ 617,924
============= ============= ============
11
Exhibit A
Enogex Inc.
Consolidating Balance Sheet
December 31, 2001
Enogex OGE Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp.
----------- ----------- --------------- ----------- --------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ 4,349 $ 1,909 $ - $ 3,008
Accounts receivable - customers,
less reserve of $2,689............... 837 5,493 65,841 2,314 5,180
Accounts receivable - affiliates....... 646,056 - - 15,714 -
Advances to parent..................... 65,793 - - - -
Accounts receivable-other.............. 3,851 1 - - -
Fuel inventories....................... - - - - -
Materials and supplies, at
average cost......................... 1,504 194 - - 561
Prepayments and other.................. 1,704 74 1,015 819 48
Price risk management.................. - - 21,238 - -
Accumulated deferred tax assets........ 1,224 - 476 - -
----------- ----------- --------------- ----------- --------------
Total current assets................. 720,969 10,111 90,479 18,847 8,797
OTHER PROPERTY AND INVESTMENTS, at cost.. 171,743 - 140 - -
PROPERTY, PLANT AND EQUIPMENT:
In service............................. 201,960 87,072 5,684 81,633 150,456
Construction work in progress.......... 2,969 1,805 - - 638
----------- ----------- --------------- ----------- --------------
Total property, plant and equipment.. 204,929 88,877 5,684 81,633 151,094
Less accumulated depreciation...... 86,612 18,707 2,244 39,529 10,772
----------- ----------- --------------- ----------- --------------
Net property, plant and equipment...... 118,317 70,170 3,440 42,104 140,322
DEFERRED CHARGES:
Prepaid benefit obligation (1)......... 3,311 - - - -
Price risk management.................. 4,247 - 9,143 - -
Other.................................. 9,460 1,750 7,877 - 8,643
----------- ----------- --------------- ----------- --------------
Total deferred charges............... 17,018 1,750 17,020 - 8,643
----------- ----------- --------------- ----------- --------------
TOTAL ASSETS............................. $1,028,047 $ 82,031 $ 111,079 $ 60,951 $ 157,762
=========== =========== =============== =========== ==============
Enogex Transok Enogex
(dollars in thousands) Gas Holding, Consolidating Consolidated
Gathering, L.L.C. LLC Adjustments Statements
----------------- ----------- -------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ - $ (9,266) $ -
Accounts receivable - customers,
less reserve of $2,689............... 1,611 25,537 - 106,813
Accounts receivable - affiliates....... - - (661,255) 515
Advances to parent..................... - - - 65,793
Accounts receivable-other.............. - 718 - 4,570
Fuel inventories....................... 12,494 9,833 - 22,327
Materials and supplies, at
average cost......................... - 1,808 - 4,067
Prepayments and other.................. - - - 3,660
Price risk management.................. - - - 21,238
Accumulated deferred tax assets........ - -14 - 1,714
----------------- ----------- -------------- ------------
Total current assets................. 14,105 37,910 (670,521) 230,697
OTHER PROPERTY AND INVESTMENTS, at cost.. - 30 (169,266) 2,647
PROPERTY, PLANT AND EQUIPMENT:
In service............................. 211,663 760,694 - 1,499,162
Construction work in progress.......... 5,201 14,048 - 24,661
----------------- ----------- -------------- ------------
Total property, plant and equipment.. 216,864 774,742 - 1,523,823
Less accumulated depreciation...... 82,465 51,769 - 292,098
----------------- ----------- -------------- ------------
Net property, plant and equipment...... 134,399 722,973 - 1,231,725
DEFERRED CHARGES:
Prepaid benefit obligation (1)......... - - - 3,311
Price risk management.................. - - - 13,390
Other.................................. 4,388 11,723 (4,860) 38,981
----------------- ----------- -------------- ------------
Total deferred charges............... 4,388 11,723 (4,860) 55,682
----------------- ----------- -------------- ------------
TOTAL ASSETS............................. $ 152,892 $ 772,636 $ (844,647) $ 1,520,751
================= =========== ============== ============
(1) Amended to reflect the reclassification of the accrued pension asset from
"Accrued pension and benefit obligations" to "Prepaid benefit obligation."
12
Exhibit A
Enogex Inc.
Consolidating Balance Sheet
December 31, 2001
Enogex OGE Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp.
----------- ----------- --------------- ----------- --------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $ - $ 38,780 $ 24,911 $ - $ 64,953
Accounts payable....................... 6,766 4,784 58,827 163 3,152
Accrued taxes.......................... 1,105 547 16 12 932
Accrued interest....................... 17,741 - - - 435
Long-term debt due within one year..... 63,000 - - - 2,000
Price risk management.................. - - 7,341 - -
Other.................................. 4,057 9 16 - 3
----------- ----------- --------------- ----------- --------------
Total current liabilities............ 92,669 44,120 91,111 175 71,475
LONG-TERM DEBT........................... 434,247 - - - 78,427
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit
obligations (1)...................... 5,055 - 68 - -
Accumulated deferred income taxes...... 64,297 7,137 (64) 11,792 10,785
Price risk management.................. - - 1,347 - -
Other.................................. 11,127 10,762 - - 1,003
----------- ----------- --------------- ----------- --------------
Total deferred credits and other
liabilities........................ 80,479 17,899 1,351 11,792 11,788
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ 386,667 3,713 15,001 12,751 1
Retained earnings...................... 33,985 16,299 3,616 36,233 (3,929)
----------- ----------- --------------- ----------- --------------
Total stockholders' equity........... 420,652 20,012 18,617 48,984 (3,928)
----------- ----------- --------------- ----------- --------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY.................................. $1,028,047 $ 82,031 $ 111,079 $ 60,951 $ 157,762
=========== =========== =============== =========== ==============
Enogex Transok Enogex
(dollars in thousands) Gas Holding, Consolidating Consolidated
Gathering, L.L.C. LLC Adjustments Statements
----------------- ----------- -------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $ 3929946 $ 492,616 $ (661,254) $ -
Accounts payable....................... 66 22,823 (9,265) 87,316
Accrued taxes.......................... 535 4,782 - 7,929
Accrued interest....................... - 4,211 - 22,387
Long-term debt due within one year..... - 50,000 - 115,000
Price risk management.................. - - - 7,341
Other.................................. 9 4,426 - 8,520
----------------- ----------- -------------- ------------
Total current liabilities............ 40,604 578,858 (670,519) 248,493
LONG-TERM DEBT........................... - 113,250 - 625,924
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit
obligations (1)...................... - - - 5,123
Accumulated deferred income taxes...... - 99,232 - 193,179
Price risk management.................. - - - 1,347
Other.................................. - 8,003 (4,862) 26,033
----------------- ----------- -------------- ------------
Total deferred credits and other
liabilities........................ - 107,235 (4,862) 225,682
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ 91,327 - (122,793) 386,667
Retained earnings...................... 20,961 (26,707) (46,473) 33,985
----------------- ----------- -------------- ------------
Total stockholders' equity........... 112,288 (26,707) (169,266) 420,652
----------------- ----------- -------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY................................. $ 152,892 $ 772,636 $ (844,647) $ 1,520,751
================= =========== ============== ============
(1) Amended to reflect the reclassification of the accrued pension asset from
"Accrued pension and benefit obligations" to "Prepaid benefit obligation."
13
Exhibit A
Enogex Inc.
Consolidating Statement of Income
Year Ended December 31, 2001
Enogex OGE Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp.
----------- ----------- --------------- ----------- --------------
OPERATING REVENUES....................... $ 37,604 $ 154,996 $ 1,291,299 $ 22,092 $ 82,462
COST OF GOODS SOLD....................... (9,541) 127,816 1,280,773 - 68,210
----------- ----------- --------------- ----------- --------------
Gross margin on revenues................. 47,145 27,180 10,526 22,092 14,252
Other operation and maintenance........ 6,221 19,883 12,392 8,222 6,475
Depreciation and amortization.......... 8,013 4,059 2,427 5,271 3,466
Taxes other than income................ 1,756 866 460 119 1,049
----------- ----------- --------------- ----------- --------------
OPERATING INCOME (LOSS).................. 31,155 2,372 (4,753) 8,480 3,262
OTHER INCOME (EXPENSES), NET............. 317 (1,195) (5) 230 986
----------- ----------- --------------- ----------- --------------
EARNINGS (LOSS) BEFORE INTEREST
AND TAXES.............................. 31,472 1,177 (4,758) 8,710 4,248
INTEREST INCOME (EXPENSES):
Interest income........................ 42,735 217 301 - 126
Interest on long-term debt............. (37,517) - - - (5,436)
Other interest charges................. (757) - (114) - (488)
----------- ----------- --------------- ----------- --------------
Net interest income (expenses)....... 4,461 217 187 - (5,798)
INCOME (LOSS) BEFORE TAXES............... 35,933 1,394 (4,571) 8,710 (1,550)
INCOME TAX EXPENSE (BENEFIT)............. 14,547 389 (1,729) 569 (911)
----------- ----------- --------------- ----------- --------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES...................... 21,386 1,005 (2,842) 8,141 (639)
LOSS FROM SUBSIDIARIES................... (26,415) - - - -
----------- ----------- --------------- ----------- --------------
NET INCOME (LOSS)........................ $ (5,029) $ 1,005 $ (2,842) $ 8,141 $ (639)
=========== =========== =============== =========== ==============
Enogex Transok Enogex
(dollars in thousands) Gas Holding, Consolidating Consolidated
Gathering, L.L.C. LLC Adjustments Statements
----------------- ----------- -------------- ------------
OPERATING REVENUES....................... $ 130,428 $ 516,055 $ (467,202) $ 1,767,734
COST OF GOODS SOLD....................... 108,888 432,881 (467,202) 1,541,825
----------------- ----------- -------------- ------------
Gross margin on revenues................. 21,540 83,174 - 225,909
Other operation and maintenance........ 20,059 41,058 - 114,310
Depreciation and amortization.......... 9,021 21,468 - 53,725
Taxes other than income................ 2,050 10,104 - 16,404
----------------- ----------- -------------- ------------
OPERATING INCOME (LOSS).................. (9,590) 10,544 - 41,470
OTHER INCOME (EXPENSES), NET............. 97 427 - 857
----------------- ----------- -------------- ------------
EARNINGS (LOSS) BEFORE INTEREST
AND TAXES.............................. (9,493) 10,971 - 42,327
INTEREST INCOME (EXPENSES):
Interest income........................ 25 89 (40,106) 3,387
Interest on long-term debt............. - (13,004) - (55,957)
Other interest charges................. (664) (39,996) 40,106 (1,913)
----------------- ----------- -------------- ------------
Net interest income (expenses)....... (639) (52,911) - (54,483)
INCOME (LOSS) BEFORE TAXES............... (10,132) (41,940) - (12,156)
INCOME TAX EXPENSES (BENEFIT)............ (3,882) (16,110) - (7,127)
----------------- ----------- -------------- ------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES...................... (6,250) (25,830) - (5,029)
LOSS FROM SUBSIDIARIES................... - - 26,415 -
----------------- ----------- -------------- ------------
NET INCOME (LOSS)........................ $ (6,250) $ (25,830) $ 26,415 $ (5,029)
================= =========== ============== ============
14
Exhibit A
Enogex Inc.
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
Enogex OGE Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp.
--------- ----------- --------------- ----------- --------------
BALANCE AT BEGINNING OF PERIOD........... $ 49,214 $ 15,294 $ 6,458 $ 28,092 $ (3,290)
ADD - net income (loss).................. (5,029) 1,005 (2,842) 8,141 (639)
--------- ----------- --------------- ----------- --------------
Total................................ 44,185 16,299 3,616 36,233 (3,929)
DEDUCT:
Cash dividends declared
on common stock...................... 10,200 - - - -
--------- ----------- --------------- ----------- --------------
BALANCE AT END OF PERIOD................. $ 33,985 $ 16,299 $ 3,616 $ 36,233 $ (3,929)
========= =========== =============== =========== ==============
Enogex Transok Enogex
(dollars in thousands) Gas Holding, Consolidating Consolidated
Gathering, L.L.C. LLC Adjustments Statements
----------------- ----------- -------------- ------------
BALANCE AT BEGINNING OF PERIOD........... $ 27,211 $ (877) $ (72,888) $ 49,214
ADD - net income (loss).................. (6,250) (25,830) 26,415 (5,029)
----------------- ----------- -------------- ------------
Total................................ (20,961) (26,707) (46,473) 44,185
DEDUCT:
Cash dividends declared
on common stock...................... - - - 10,200
----------------- ----------- -------------- ------------
BALANCE AT END OF PERIOD................. $ 20,961 $ (26,707) $ (46,473) $ 33,985
================= =========== ============== ============
15
Exhibit A
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 2001
Enogex Belvan Todd
(dollars in thousands) Products Belvan Partners, Ranch
Corporation Corporation L.P. Partners, L.P.
----------- ----------- --------- --------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 449 $ - $ -
Accounts receivable - customers,
less reserve of $170.......................... 35 870 - -
Accounts receivable - affiliates................ - - - 2,088
Accounts receivable - other..................... - 1 - -
Materials and supplies, at average cost......... - - - -
Prepayments and other........................... - - - -
----------- ----------- --------- --------------
Total current assets.......................... 35 1,320 - 2,088
OTHER PROPERTY AND INVESTMENTS, at cost........... 48,477 86 - -
PROPERTY, PLANT AND EQUIPMENT:
In service...................................... 24,838 70 7,959 1,222
Construction work in progress................... 305 - 841 -
----------- ----------- --------- --------------
Total property, plant and equipment........... 25,143 70 8,800 1,222
Less accumulated depreciation............... 7,698 61 1,871 277
----------- ----------- --------- --------------
Net property, plant and equipment............... 17,445 9 6,929 945
DEFERRED CHARGES:
Other........................................... 976 - 84 10
----------- ----------- --------- --------------
TOTAL ASSETS...................................... $ 66,933 $ 1,415 $ 7,013 $ 3,043
=========== =========== ========= ==============
NuStar EPC
(dollars in thousands) Joint Consolidating Consolidated
Venture Adjustments Statements
------------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ 3,975 $ (75) $ 4,349
Accounts receivable - customers,
less reserve of $170................. 4,588 - 5,493
Accounts receivable - affiliates....... - (2,088) -
Accounts receivable-other.............. - - 1
Materials and supplies, at
average cost......................... 194 - 194
Prepayments and other.................. 74 - 74
------------- ------------- ------------
Total current assets................. 8,831 (2,163) 10,111
OTHER PROPERTY AND INVESTMENTS, at cost.. - (48,563) -
PROPERTY, PLANT AND EQUIPMENT:
In service............................. 52,983 - 87,072
Construction work in progress.......... 659 - 1,805
------------- ------------- ------------
Total property, plant and equipment.. 53,642 - 88,877
Less accumulated depreciation...... 8,800 - 18,707
------------- ------------- ------------
Net property, plant and equipment...... 44,842 - 70,170
DEFERRED CHARGES:
Other.................................. 680 - 1,750
------------- ------------- ------------
TOTAL ASSETS............................. $ 54,353 $ (50,726) $ 82,031
============= ============= ============
16
Exhibit A
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 2001
Enogex Belvan Todd
(dollars in thousands) Products Belvan Partners, Ranch
Corporation Corporation L.P. Partners, L.P.
----------- ----------- --------- --------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 38,315 $ 906 $ 1,237 $ -
Accounts payable................................ 1,387 789 - -
Accrued taxes................................... 78 - 69 -
Other........................................... 4 1 - -
----------- ----------- --------- --------------
Total current liabilities..................... 39,784 1,696 1,306 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 7,137 - - -
Other........................................... - 218 - -
----------- ----------- --------- --------------
Total deferred credits and other liabilities.. 7,137 218 - -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 3,713 313 9,400 4,157
Retained earnings............................... 16,299 (812) (3,693) (1,114)
----------- ----------- --------- --------------
Total stockholders' equity.................... 20,012 (499) 5,707 3,043
----------- ----------- --------- --------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 66,933 $ 1,415 $ 7,013 $ 3,043
=========== =========== ========= ==============
NuStar EPC
(dollars in thousands) Joint Consolidating Consolidated
Venture Adjustments Statements
------------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 410 $ (2,088) $ 38,780
Accounts payable................................ 2,683 (75) 4,784
Accrued taxes................................... 400 - 547
Other........................................... 4 - 9
------------- ------------- ------------
Total current liabilities..................... 3,497 (2,163) 44,120
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... - - 7,137
Other........................................... 466 10,078 10,762
------------- ------------- ------------
Total deferred credits and other liabilities.. 466 10,078 17,899
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 28,975 (42,845) 3,713
Retained earnings............................... 21,415 (15,796) 16,299
------------- ------------- ------------
Total stockholders' equity.................... 50,390 (58,641) 20,012
------------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 54,353 (50,726) 82,031
============= ============= ============
17
Exhibit A
Enogex Products Corporation
Consolidating Statement of Income
Year Ended December 31, 2001
Enogex Belvan Todd
(dollars in thousands) Products Belvan Partners, Ranch
Corporation Corporation L.P. Partners, L.P.
----------- ----------- --------- --------------
OPERATING REVENUES................................ $ 59,146 $ - $ 18,232 $ 2,333
COST OF GOODS SOLD................................ 47,318 - 16,876 2,136
----------- ----------- --------- --------------
Gross margin on revenues.......................... 11,828 - 1,356 197
Other operation and maintenance................. 6,808 261 5,381 2,359
Depreciation and amortization................... 964 19 577 223
Taxes other than income......................... 341 8 88 1
----------- ----------- --------- --------------
OPERATING INCOME (LOSS)........................... 3,715 (288) (4,690) (2,386)
OTHER INCOME (EXPENSES), NET...................... (2) - - 27
----------- ----------- --------- --------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES......... 3,713 (288) (4,690) (2,359)
Interest income................................. - 50 - -
INCOME (LOSS) BEFORE TAXES........................ 3,713 (238) (4,690) (2,359)
INCOME TAX EXPENSE................................ 389 - - -
----------- ----------- --------- --------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES............................... 3,324 (238) (4,690) (2,359)
LOSS FROM SUBSIDIARIES............................ (2,319) (70) - -
----------- ----------- --------- --------------
NET INCOME (LOSS)................................. $ 1,005 $ (308) $ (4,690) $ (2,359)
=========== =========== ========= ==============
NuStar EPC
(dollars in thousands) Joint Consolidating Consolidated
Venture Adjustments Statements
------------- ------------- ------------
OPERATING REVENUES................................ $ 78,730 $ (3,445) $ 154,996
COST OF GOODS SOLD................................ 64,692 (3,206) 127,816
------------- ------------- ------------
Gross margin on revenues.......................... 14,038 (239) 27,180
Other operation and maintenance................. 5,314 (240) 19,883
Depreciation and amortization................... 2,276 - 4,059
Taxes other than income......................... 428 - 866
------------- ------------- ------------
OPERATING INCOME (LOSS)........................... 6,020 1 2,372
OTHER INCOME (EXPENSES), NET...................... 21 (1,241) (1,195)
------------- ------------- ------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES......... 6,041 (1,240) 1,177
Interest income................................. 167 - 217
------------- ------------- ------------
INCOME (LOSS) BEFORE TAXES........................ 6,208 (1,240) 1,394
INCOME TAX EXPENSE................................ - - 389
------------- ------------- ------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES............................... 6,208 (1,240) 1,005
LOSS FROM SUBSIDIARIES............................ - 2,389 -
------------- ------------- ------------
NET INCOME (LOSS)................................. $ 6,208 1,149 1,005
============= ============= ============
18
Exhibit A
Enogex Products Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
Enogex Belvan Todd
(dollars in thousands) Products Belvan Partners, Ranch
Corporation Corporation L.P. Partners, L.P.
----------- ----------- --------- --------------
BALANCE AT BEGINNING OF PERIOD.................... $ 15,294 $ (526) $ 997 $ 1,245
ADD - net income (loss)........................... 1,005 (308) (4,690) (2,359)
ADD - adjustment to retained earnings............. - 22 - -
----------- ----------- --------- --------------
BALANCE AT END OF PERIOD.......................... $ 16,299 $ (812) $ (3,693) $ (1,114)
=========== =========== ========= ==============
NuStar EPC
(dollars in thousands) Joint Consolidating Consolidated
Venture Adjustments Statements
------------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ 15,207 $ (16,923) $ 15,294
ADD - net income (loss)........................... 6,208 1,149 1,005
ADD - adjustment to retained earnings............. - (22) -
------------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ 21,415 $ (15,796) $ 16,299
============= ============= ============
19
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 2001
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 3,008 $ - $ 3,008
Accounts receivable - customers,
less reserve of $736.......................... - 5,180 - 5,180
Accounts receivable - affiliates................ - 366 (366) -
Materials and supplies, at average cost......... - 561 - 561
Prepayments and other........................... - 48 - 48
-------------- ---------- ------------- ------------
Total current assets.......................... - 9,163 (366) 8,797
OTHER PROPERTY AND INVESTMENTS, at cost........... 77,318 - (77,318) -
PROPERTY, PLANT AND EQUIPMENT:
In service...................................... - 189,309 (38,853) 150,456
Construction work in progress................... - 638 - 638
-------------- ---------- ------------- ------------
Total property, plant and equipment........... - 189,947 (38,853) 151,094
Less accumulated depreciation............... - 27,561 (16,789) 10,772
-------------- ---------- ------------- ------------
Net property, plant and equipment............... - 162,386 (22,064) 140,322
DEFERRED CHARGES:
Other........................................... - 12,913 (4,270) 8,643
-------------- ---------- ------------- ------------
TOTAL ASSETS...................................... $ 77,318 $ 184,462 $ (104,018) $ 157,762
============== ========== ============= ============
20
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 2001
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- --------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 65,319 $ - $ (366) $ 64,953
Accounts payable................................ - 3,152 - 3,152
Accrued taxes................................... 122 810 - 932
Accrued interest................................ - 435 - 435
Long-term debt due within one year.............. - 2,000 - 2,000
Other........................................... - 3 - 3
-------------- ---------- ------------- ------------
Total current liabilities..................... 65,441 6,400 (366) 71,475
LONG-TERM DEBT.................................... 7,427 71,000 - 78,427
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 10,785 - - 10,785
Other........................................... - 1,003 - 1,003
-------------- ---------- ------------- ------------
Total deferred credits and other liabilities.. 10,785 1,003 - 11,788
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 1 115,377 (115,377) 1
Retained earnings............................... (6,336) (9,318) 11,725 (3,929)
-------------- ---------- ------------- ------------
Total stockholders' equity.................... (6,335) 106,059 (103,652) (3,928)
-------------- ---------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 77,318 $ 184,462 $ (104,018) $ 157,762
============== ========== ============= ============
21
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Income
Year Ended December 31, 2001
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
OPERATING REVENUES................................ $ - $ 82,462 $ - $ 82,462
COST OF GOODS SOLD................................ 406 67,804 - 68,210
-------------- ---------- ------------- ------------
Gross margin on revenues.......................... (406) 14,658 - 14,252
Other operation and maintenance................. 2,274 4,201 - 6,475
Depreciation and amortization................... - 3,856 (390) 3,466
Taxes other than income......................... 20 1,029 - 1,049
-------------- ---------- ------------- ------------
OPERATING INCOME (LOSS)........................... (2,700) 5,572 390 3,262
OTHER INCOME, NET................................. - 33 953 986
-------------- ---------- ------------- ------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES......... (2,700) 5,605 1,343 4,248
INTEREST INCOME (EXPENSES):
Interest income................................. - 126 - 126
Interest on long-term debt...................... - (5,976) 540 (5,436)
Other interest charges.......................... (486) (2) - (488)
-------------- ---------- ------------- ------------
Net interest income (expenses)................ (486) (5,852) 540 (5,798)
LOSS BEFORE TAXES................................. (3,186) (247) 1,883 (1,550)
INCOME TAX BENEFIT................................ (911) - - (911)
-------------- ---------- ------------- ------------
NET LOSS BEFORE CONTRIBUTION FROM SUBSIDIARIES.... (2,275) (247) 1,883 (639)
INCOME FROM SUBSIDIARIES.......................... 1,030 - (1,030) -
-------------- ---------- ------------- ------------
NET LOSS.......................................... $ (1,245) $ (247) $ 853 $ (639)
============== ========== ============= ============
22
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD................... $ (4,794) $ (9,071) $ 10,575 $ (3,290)
ADD - net income (loss).......................... (1,245) (247) 853 (639)
ADD - adjustment to retained earnings............ (297) - 297 -
-------------- ---------- ------------- ------------
BALANCE AT END OF PERIOD......................... $ (6,336) $ (9,318) $ 11,725 $ (3,929)
============== ========== ============= ============
23
Exhibit A
NOARK Pipeline System LP
Consolidating Balance Sheet
December 31, 2001
NOARK Ozark Gas Arkansas NOARK
(dollars in thousands) Pipeline Transmission, Western Energy
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C.
----------- ------------- ---------------- ----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................. $ 4,351 $ - $ - $ -
Accounts receivable - customers,
less reserve of $736.................... - 1,974 - -
Accounts receivable - affiliates.......... - 838 - -
Advances to parent........................ - 42,892 - -
Materials and supplies, at average cost... - 561 - -
Prepayments and other..................... - 48 - -
----------- ------------- ---------------- ----------------
Total current assets.................... 4,351 46,313 - -
OTHER PROPERTY AND INVESTMENTS, at cost..... 183,406 - - -
PROPERTY, PLANT AND EQUIPMENT:
In service................................ 41 180,953 - -
Construction work in progress............. - 202 - -
----------- ------------- ---------------- ----------------
Total property, plant and equipment..... 41 181,155 - -
Less accumulated depreciation......... 24 26,520 - -
----------- ------------- ---------------- ----------------
Net property, plant and equipment......... 17 154,635 - -
DEFERRED CHARGES:
Other..................................... 1,864 11,936 - -
----------- ------------- ---------------- ----------------
TOTAL ASSETS................................ $ 189,638 $ 212,884 $ - $ -
=========== ============= ================ ================
Ozark Gas NOARK NOARK
(dollars in thousands) Gathering, Pipeline Consolidating Consolidated
L.L.C. Finance, L.L.C. Adjustments Statements
--------------- --------------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................. $ - $ - $ (1,343) $ 3,008
Accounts receivable - customers,
less reserve of $736.................... 3,206 - - 5,180
Accounts receivable - affiliates.......... - 2,436 (2,908) 366
Advances to parent........................ - - (42,892) -
Materials and supplies, at average cost... - - - 561
Prepayments and other..................... - - - 48
--------------- --------------- ------------- ------------
Total current assets.................... 3,206 2,436 (47,143) 9,163
OTHER PROPERTY AND INVESTMENTS, at cost..... - - (183,406) -
PROPERTY, PLANT AND EQUIPMENT:
In service................................ 8,315 - - 189,309
Construction work in progress............. 436 - - 638
--------------- --------------- ------------- ------------
Total property, plant and equipment..... 8,751 - - 189,947
Less accumulated depreciation......... 1,017 - - 27,561
--------------- --------------- ------------- ------------
Net property, plant and equipment......... 7,734 - - 162,386
DEFERRED CHARGES:
Other..................................... 171 71,000 (72,058) 12,913
--------------- --------------- ------------- ------------
TOTAL ASSETS................................ $ 11,111 $ 73,436 $ (302,607) $ 184,462
=============== =============== ============= ============
24
Exhibit A
NOARK Pipeline System LP
Consolidating Balance Sheet
December 31, 2001
NOARK Ozark Gas Arkansas NOARK
(dollars in thousands) Pipeline Transmission, Western Energy
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C.
----------- ------------- ---------------- ----------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates............. $ 10,579 $ - $ - $ 29,564
Accounts payable.......................... - 32 - 4
Accrued taxes............................. - 803 - -
Accrued interest.......................... - - - -
Long-term debt due within one year........ 2,000 - - -
Other..................................... - 3 - -
----------- ------------- ---------------- ----------------
Total current liabilities............... 12,579 838 - 29,568
LONG-TERM DEBT.............................. 71,000 - - -
DEFERRED CREDITS AND OTHER LIABILITIES:
Other..................................... - 636 - -
STOCKHOLDERS' EQUITY:
Common stockholders' equity............... 115,377 171,531 - -
Retained earnings......................... (9,318) 39,879 - (29,568)
----------- ------------- ---------------- ----------------
Total stockholders' equity.............. 106,059 211,410 - (29,568)
----------- ------------- ---------------- ----------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.. $ 189,638 $ 212,884 $ - $ -
=========== ============= ================ ================
Ozark Gas NOARK NOARK
(dollars in thousands) Gathering, Pipeline Consolidating Consolidated
L.L.C. Finance, L.L.C. Adjustments Statements
--------------- --------------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates............. $ 3,657 $ - $ (43,800) $ -
Accounts payable.......................... 4,456 - (1,340) 3,152
Accrued taxes............................. 7 - - 810
Accrued interest.......................... - 435 - 435
Long-term debt due within one year........ - 2,000 (2,000) 2,000
Other..................................... - - - 3
--------------- --------------- ------------- ------------
Total current liabilities............... 8,120 2,435 (47,140) 6,400
LONG-TERM DEBT.............................. - 71,000 (71,000) 71,000
DEFERRED CREDITS AND OTHER LIABILITIES:
Other..................................... 1,426 - (1,059) 1,003
STOCKHOLDERS' EQUITY:
Common stockholders' equity............... 2,019 1 (173,551) 115,377
Retained earnings......................... (454) - (9,857) (9,318)
--------------- --------------- ------------- ------------
Total stockholders' equity.............. 1,565 1 (183,408) 106,059
--------------- --------------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.. $ 11,111 $ 73,436 $ (302,607) $ 184,462
=============== =============== ============= ============
25
Exhibit A
NOARK Pipeline System LP
Consolidating Statement of Income
Year Ended December 31, 2001
NOARK Ozark Gas Arkansas NOARK
(dollars in thousands) Pipeline Transmission, Western Energy
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C.
----------- ------------- ---------------- ----------------
OPERATING REVENUES.......................... $ - $ 23,554 $ 39 $ 50
COST OF GOODS SOLD.......................... - 914 - 6,561
----------- ------------ ---------------- -----------------
Gross margin on revenues.................... - 22,640 39 (6,511)
Other operation and maintenance........... (2,049) 5,756 3 1
Depreciation and amortization............. 8 3,529 8 -
Taxes other than income................... - 1,009 2 -
----------- ------------- ---------------- ----------------
OPERATING INCOME (LOSS)..................... 2,041 12,346 26 (6,512)
OTHER INCOME, NET........................... - 25 - -
----------- ------------- ---------------- ----------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES... 2,041 12,371 26 (6,512)
INTEREST INCOME (EXPENSES):
Interest income........................... 126 - - -
Interest on long-term debt................ (5,427) (540) (9) -
Other interest charges.................... (2) - - -
----------- ------------- ---------------- ----------------
Net interest income (expenses).......... (5,303) (540) (9) -
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES......................... (3,262) 11,831 17 (6,512)
INCOME FROM SUBSIDIARIES.................... 3,015 - - -
----------- ------------- ---------------- ----------------
NET INCOME (LOSS)........................... $ (247) $ 11,831 $ 17 $ (6,512)
=========== ============= ================ ================
Ozark Gas NOARK NOARK
(dollars in thousands) Gathering, Pipeline Consolidating Consolidated
L.L.C. Finance, L.L.C. Adjustments Statements
--------------- --------------- ------------- ------------
OPERATING REVENUES.......................... $ 65,605 $ - $ (6,786) $ 82,462
COST OF GOODS SOLD.......................... 67,115 - (6,786) 67,804
--------------- --------------- ------------- ------------
Gross margin on revenues.................... (1,510) - - 14,658
Other operation and maintenance........... 490 - - 4,201
Depreciation and amortization............. 311 - - 3,856
Taxes other than income................... 18 - - 1,029
--------------- --------------- ------------- ------------
OPERATING INCOME (LOSS)..................... (2,329) - - 5,572
OTHER INCOME, NET........................... 8 - - 33
--------------- --------------- ------------- ------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES... (2,321) - - 5,605
INTEREST INCOME (EXPENSES):
Interest income........................... - 5,315 (5,315) 126
Interest on long-term debt................ - (5,315) 5,315 (5,976)
Other interest charges.................... - - - (2)
--------------- --------------- ------------- ------------
Net interest income (expenses).......... - - - (5,852)
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES......................... (2,321) - - (247)
INCOME FROM SUBSIDIARIES.................... - - (3,015) -
--------------- --------------- ------------- ------------
NET INCOME (LOSS)........................... $ (2,321) $ - $ (3,015) $ 247
=============== =============== ============= ============
26
Exhibit A
NOARK Pipeline System LP
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
NOARK Ozark Gas Arkansas NOARK
(dollars in thousands) Pipeline Transmission, Western Energy
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C.
----------- ------------- ---------------- ----------------
BALANCE AT BEGINNING OF PERIOD.............. $ (9,071) $ 28,048 $ 629 $ (23,056)
ADD - net income (loss)..................... (247) 11,831 17 (6,512)
ADD - Merger of AWP, L.L.C.................. - - (646) -
----------- ------------- ---------------- ----------------
BALANCE AT END OF PERIOD.................... $ (9,318) $ 39,879 $ - $ (29,568)
=========== ============= ================ ================
Ozark Gas NOARK NOARK
(dollars in thousands) Gathering, Pipeline Consolidating Consolidated
L.L.C. Finance, L.L.C. Adjustments Statements
--------------- --------------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.............. $ 1,867 $ - $ (7,488) $ (9,071)
ADD - net income (loss)..................... (2,321) - (3,015) (247)
ADD - Merger of AWP, L.L.C.................. - - 646 -
--------------- ------------- ------------- ------------
BALANCE AT END OF PERIOD.................... $ (454) $ - $ (9,857) $ (9,318)
=============== ============= ============= ============
27
Exhibit A
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 2001
Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing,
LLC LLC LLC LLC
----------- ------------ -------------- ---------------
ASSETS
CURRENT ASSETS:
Accounts receivable - customers,
less reserve of $1,162........................ $ - $ 13,314 $ 733 $ 1,467
Accounts receivable - affiliates................ - - - 59,204
Accounts receivable - other..................... - 714 4 -
Fuel inventories................................ - 9,833 - -
Materials and supplies, at average cost......... - 1,808 - -
Accumulated deferred tax assets................. - - - -
----------- ------------ -------------- ---------------
Total current assets.......................... - 25,669 737 60,671
OTHER PROPERTY AND INVESTMENTS, at cost........... (26,707) 333,343 - -
PROPERTY, PLANT AND EQUIPMENT:
In service...................................... - 434,545 93,926 232,223
Construction work in progress................... - 84 8,070 5,894
----------- ------------ -------------- ---------------
Total property, plant and equipment........... - 434,629 101,996 238,117
Less accumulated depreciation............... - 16,603 12,788 22,378
----------- ------------ -------------- ---------------
Net property, plant and equipment............... - 418,026 89,208 215,739
DEFERRED CHARGES:
Other........................................... - 9,628 151 327
----------- ------------ -------------- ---------------
TOTAL ASSETS...................................... $ (26,707) $ 786,666 $ 90,096 $ 276,737
=========== ============ ============== ===============
Transok Transok
(dollars in thousands) Gas Consolidating Consolidated
LLC Adjustments Statements
------------- ------------- ------------
ASSETS
CURRENT ASSETS:
Accounts receivable - customers,
less reserve of $1,162................. $ 10,023 $ - $ 25,537
Accounts receivable - affiliates......... 52,152 (111,356) -
Accounts receivable - other.............. - - 718
Fuel inventories......................... - - 9,833
Materials and supplies, at average cost.. - - 1,808
Accumulated deferred tax assets.......... 14 - 14
------------- ------------- ------------
Total current assets................... 62,189 (111,356) 37,910
OTHER PROPERTY AND INVESTMENTS, at cost.... - (306,606) 30
PROPERTY, PLANT AND EQUIPMENT:
In service............................... - - 760,694
Construction work in progress............ - - 14,048
------------- ------------- ------------
Total property, plant and equipment.... - - 774,742
Less accumulated depreciation........ - - 51,769
------------- ------------- ------------
Net property, plant and equipment........ - - 722,973
DEFERRED CHARGES:
Other.................................... 1,617 - 11,723
------------- ------------- ------------
TOTAL ASSETS............................... $ 63,806 $ (417,962) $ 772,636
============= ============= ============
28
Exhibit A
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 2001
Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing,
LLC LLC LLC LLC
----------- ------------ -------------- ---------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates............. $ - $ 585,400 $ 18,572 $ -
Accounts payable.......................... - 13,528 (10) 194
Accrued taxes............................. - 2,997 740 933
Accrued interest.......................... - 4,211 - -
Long-term debt due within one year........ - 50,000 - -
Other..................................... - 4,402 16 8
----------- ------------ -------------- ---------------
Total current liabilities............... - 660,538 19,318 1,135
LONG-TERM DEBT.............................. - 113,250 - -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes......... - 31,582 18,684 48,966
Other..................................... - 8,003 - -
----------- ------------ -------------- ---------------
Total deferred credits and other
liabilities........................... - 39,585 18,684 48,966
STOCKHOLDERS' EQUITY:
Common stockholders' equity............... - - 61,155 202,713
Retained earnings......................... (26,707) (26,707) (9,061) 23,923
----------- ------------ -------------- ---------------
Total stockholders' equity.............. (26,707) (26,707) 52,094 226,636
----------- ------------ -------------- ---------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.. $ (26,707) $ 786,666 $ 90,096 $ 276,737
=========== ============ ============== ===============
Transok Transok
(dollars in thousands) Gas Consolidating Consolidated
LLC Adjustments Statements
------------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates............. $ - $ (111,356) $ 492,616
Accounts payable.......................... 9,111 - 22,823
Accrued taxes............................. 112 - 4,782
Accrued interest.......................... - - 4,211
Long-term debt due within one year........ - - 50,000
Other..................................... - - 4,426
------------- ------------- ------------
Total current liabilities............... 9,223 (111,356) 578,858
LONG-TERM DEBT.............................. - - 113,250
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes......... - - 99,232
Other..................................... - - 8,003
------------- ------------- ------------
Total deferred credits and other
liabilities........................... - - 107,235
STOCKHOLDERS' EQUITY:
Common stockholders' equity............... 49,662 (313 530) -
Retained earnings......................... 4,921 6,924 (26,707)
------------- ------------- ------------
Total stockholders' equity.............. 54,583 (306,606) (26,707)
------------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.. $ 63,806 $ (417,962) $ 772,636
============= ============= ============
29
Exhibit A
Transok Holding, LLC
Consolidating Statement of Income
Year Ended December 31, 2001
Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing,
LLC LLC LLC LLC
----------- ------------ -------------- ---------------
OPERATING REVENUES.......................... $ - $ 96,190 $ 10,809 $ 134,855
COST OF GOODS SOLD.......................... - 49,241 - 112,118
----------- ------------ --------------- ---------------
Gross margin on revenues.................... - 46,949 10,809 22,737
Other operation and maintenance........... - 12,745 11,797 16,315
Depreciation and amortization............. - 6,565 5,513 9,390
Taxes other than income................... - 5,981 1,839 2,048
----------- ------------ -------------- ---------------
OPERATING INCOME (LOSS)..................... - 21,658 (8,340) (5,016)
OTHER INCOME (EXPENSES), NET................ - 346 88 (7)
----------- ------------ -------------- ---------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES... - 22,004 (8,252) (5,023)
INTEREST INCOME (EXPENSES):
Interest income........................... - 89 - -
Interest on long-term debt................ - (13,004) - -
Other interest charges.................... - (39,996) - -
----------- ------------ -------------- ---------------
Net interest income (expenses).......... - (52,911) - -
INCOME (LOSS) BEFORE TAXES.................. - (30,907) (8,252) (5,023)
INCOME TAX EXPENSE (BENEFIT)................ - (11,864) (3,203) (1,907)
----------- ------------ -------------- ---------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES......................... - (19,043) (5,049) (3,116)
LOSS FROM SUBSIDIARIES...................... (25,830) (6,787) - -
----------- ------------ -------------- ---------------
NET INCOME (LOSS)........................... $ (25,830) $ (25,830) $ (5,049) $ (3,116)
=========== ============ ============== ===============
Transok Transok
(dollars in thousands) Gas Consolidating Consolidated
LLC Adjustments Statements
------------- ------------- ------------
OPERATING REVENUES.......................... $ 505,022 $ (230,821) $ 516,055
COST OF GOODS SOLD: 502,343 (230,821) 432,881
------------- ------------- ------------
Gross margin on revenues.................... 2,679 - 83,174
Other operation and maintenance........... 201 - 41,058
Depreciation and amortization............. - - 21,468
Taxes other than income................... 236 - 10,104
------------- ------------- ------------
OPERATING INCOME (LOSS)..................... 2,242 - 10,544
OTHER INCOME (EXPENSES), NET................ - - 427
------------- ------------- ------------
EARNINGS (LOSS) BEFORE INTEREST AND TAXES... 2,242 - 10,971
INTEREST INCOME (EXPENSES):
Interest income........................... - - 89
Interest on long-term debt................ - - (13,004)
Other interest charges.................... - - (39,996)
------------- ------------- ------------
Net interest income (expenses).......... - - (52,940)
INCOME (LOSS) BEFORE TAXES.................. 2,242 - (41,940)
INCOME TAX EXPENSE (BENEFIT)................ 864 - (16,110)
------------- ------------- ------------
NET INCOME (LOSS) BEFORE CONTRIBUTION
FROM SUBSIDIARIES......................... 1,378 - (25,830)
LOSS FROM SUBSIDIARIES...................... - 32,617 -
------------- ------------- ------------
NET INCOME (LOSS)........................... $ 1,378 $ 32,617 (25,830)
============= ============= ============
30
Exhibit A
Transok Holding, LLC
Consolidating Statement of Retained Earnings
Year Ended December 31, 2001
Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing,
LLC LLC LLC LLC
----------- ------------ -------------- ---------------
BALANCE AT BEGINNING OF PERIOD.............. $ (877) $ (877) $ (4,012) $ 27,039
ADD - net income (loss)..................... (25,830) (25,830) (5,049) (3,116)
----------- ------------ -------------- ---------------
BALANCE AT END OF PERIOD.................... $ (26,707) $ (26,707) $ (9,061) $ 23,923
=========== ============ ============== ===============
Transok Transok
(dollars in thousands) Gas Consolidating Consolidated
LLC Adjustments Statements
------------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.............. $ 3,543 $ (25,693) $ (877)
ADD - net income (loss)..................... 1,378 32,617) (25,830)
------------- ------------- ------------
BALANCE AT END OF PERIOD.................... $ 4,921 $ 6,924) $ (26,707)
============= ============= ============
31