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FILE NO.
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
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
OGE ENERGY CORP.
hereby files with the Securities and Exchange Commission, pursuant to Rule 2, its statement claiming exemption as a holding company from the provisions of the Public Utility Holding Company Act of 1935, 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.
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, 2000, 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 Section 2(a)(4) of the Public Utility Holding Company Act of 1935, as amended (the “Act”). At December 31, 2000, 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, 2000, 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. 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. At December 31, 2000, Origen had one wholly-owned active subsidiary: OGE Energy Technologies. Origen and its subsidiary were incorporated under the laws of the State of Oklahoma. Origen is currently involved in the development of energy related products and services.
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:
(a) Number of Kwh of electric energy sold (at retail or wholesale), and Mcf of natural or manufactured gas distributed at retail.
Total Company Arkansas Oklahoma
--------------- -------------- ---------------
Mcf None - -
Kwh by OG&E 25,258,044,000 3,360,382,000 21,897,662,000
Revenue by OG&E $ 1,453,585,179 $ 134,199,157 $ 1,319,386,022
(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.
Total Company Arkansas
-------------- --------------
Mcf None -
Kwh by OG&E 2,533,253,000 2,533,253,000
Revenue by OG&E $ 104,444,541 $ 104,444,541
(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.
State Line
Total Company Arkansas (Other Utilities)
-------------- ------------- -----------------
Mcf None - -
Kwh by OG&E 1,069,690,000 837,534,000 232,156,000
Revenue by OG&E $ 40,803,424 $ 28,771,503 $ 12,031,921
(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 641,294,000 4,290,000 637,004,000
Revenue by OG&E $ 33,800,482 $ 194,496 $ 33,605,986
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.
(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, 2000, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company.
EXHIBITS
- Consolidating Statement of Income and Retained Earnings for the year ended
December 31, 2000, and Consolidating Balance Sheet as of December 31, 2000, for
OGE Energy Corp. (the "Company") and its subsidiary companies.
- B. 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, 2000, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company.
The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 26th day of February 2001.
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
EXHIBIT INDEX
Exhibit
Description
- Consolidating Statement of Income and Retained Earnings for the year ended December 31, 2000, and Consolidating Balance Sheet as of December 31, 2000, for OGE Energy Corp. (the "Company") and its subsidiary companies.
Exhibit A
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 2000
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
------------ ------------- ------------ -------- ------------- -------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................ $ - $ 422 $ - $ 32 $ - $ -
Accounts receivable - customers,
less reserve of $4,135................. - 130,920 315,265 - - -
Accounts receivable - affiliates......... - - - 62 209,679 (209,741)
Accrued unbilled revenues................ - 49,000 - - - -
Accounts receivable-other................ 437 14,092 10,150 34 - -
Fuel inventories......................... - 75,515 124,801 - - -
Materials and supplies, at average cost.. 2,223 32,796 6,498 - - -
Prepayments and other.................... 4,520 38,521 2,674 - - -
Price risk management.................... - - 45,727 - - -
Accumulated deferred tax assets.......... 701 8,454 1,514 - - -
------------ ------------- ------------ -------- ------------- -------------
Total current assets................... 7,881 349,720 506,629 128 209,679 (209,741)
OTHER PROPERTY AND INVESTMENTS, at cost.... 1,388,978 15,396 2,707 1,458 - (1,371,559)
PROPERTY, PLANT & EQUIPMENT:
In service............................... 36,439 3,867,886 1,419,216 - - -
Construction work in progress............ 1,365 14,889 30,762 - - -
------------ ------------- ------------ -------- ------------- -------------
Total property, plant and equipment.... 37,804 3,882,775 1,449,978 - - -
Less accumulated depreciation........ 12,677 1,897,696 240,720 - - -
------------ ------------- ------------ -------- ------------- -------------
Net property, plant and equipment........ 25,127 1,985,079 1,209,258 - - -
DEFERRED CHARGES:
Advance payments for gas................. - 12,500 - - - -
Income taxes recoverable through
future rates........................... - 38,654 - - - -
Other.................................... 11,313 36,100 100,323 - - -
------------ ------------- ------------ -------- ------------- -------------
Total deferred charges................. 11,313 87,254 100,323 - - -
------------ ------------- ------------ -------- ------------- -------------
TOTAL ASSETS............................... $ 1,433,299 $ 2,437,449 $ 1,818,917 $ 1,586 $ 209,679 $ (1,581,300)
============ ============= ============ ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................ $ 454
Accounts receivable - customers,
less reserve of $4,135................. 446,185
Accounts receivable - affiliates......... -
Accrued unbilled revenues................ 49,000
Accounts receivable-other................ 24,713
Fuel inventories......................... 200,316
Materials and supplies, at average cost.. 41,517
Prepayments and other.................... 45,715
Price risk management.................... 45,727
Accumulated deferred tax assets.......... 10,669
------------
Total current assets................... 864,296
OTHER PROPERTY AND INVESTMENTS, at cost.... 36,980
PROPERTY, PLANT & EQUIPMENT:
In service............................... 5,323,541
Construction work in progress............ 47,016
------------
Total property, plant and equipment.... 5,370,557
Less accumulated depreciation........ 2,151,093
------------
Net property, plant and equipment........ 3,219,464
DEFERRED CHARGES:
Advance payments for gas................. 12,500
Income taxes recoverable through
future rates........................... 38,654
Other.................................... 147,736
------------
Total deferred charges................. 198,890
------------
TOTAL ASSETS............................... $ 4,319,630
============
-8-
Exhibit A
OGE Energy Corp.
Consolidating Balance Sheet
December 31, 2000
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
------------ ------------- ------------ -------- ------------- -------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt................................. $ 284,500 $ - $ - $ - $ - $ -
Accounts payable - affiliates................... 39,897 90,474 79,370 - - (209,741)
Accounts payable - other........................ 1,641 107,416 221,388 - - -
Dividends payable............................... 25,890 - - - - -
Customers' deposits............................. - 22,645 2 - - -
Accrued taxes................................... 6,062 19,951 7,054 - - -
Accrued interest................................ - 14,535 22,675 - 3,489 -
Long-term debt due within one year.............. - - 2,000 - - -
Price risk management........................... - - 33,709 - - -
Other........................................... 4,446 21,249 11,210 70 - -
------------ ------------- ------------ -------- ------------- -------------
Total current liabilities..................... 362,436 276,270 377,408 70 3,489 (209,741)
LONG-TERM DEBT.................................... - 702,582 745,941 - 200,000 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation ......... 252 11,277 2,727 - - -
Accumulated deferred income taxes............... 2,795 449,420 166,145 - -
Accumulated deferred investment tax credits..... - 57,429 - - - -
Other........................................... 3,508 12,500 90,814 - - -
------------ ------------- ------------ -------- ------------- -------------
Total deferred credits and other liabilities.. 6,555 530,626 259,686 - - -
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 443,298 512,446 386,668 5,001 6,190 (910,305)
Retained earnings............................... 621,010 415,525 49,214 (3,485) - (461,254)
------------ ------------- ------------ -------- ------------- -------------
Total stockholders' equity.................... 1,064,308 927,971 435,882 1,516 6,190 (1,371,559)
------------ ------------- ------------ -------- ------------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 1,433,299 $ 2,437,449 $ 1,818,917 $ 1,586 $ 209,679 $ (1,581,300)
============ ============= ============ ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term debt................................. $ 284,500
Accounts payable - affiliates................... -
Accounts payable - other........................ 330,445
Dividends payable............................... 25,890
Customers' deposits............................. 22,647
Accrued taxes................................... 33,067
Accrued interest................................ 40,699
Long-term debt due within one year.............. 2,000
Price risk management........................... 33,709
Other........................................... 36,975
------------
Total current liabilities..................... 809,932
LONG-TERM DEBT.................................... 1,648,523
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation ......... 14,256
Accumulated deferred income taxes............... 618,360
Accumulated deferred investment tax credits..... 57,429
Other........................................... 106,822
------------
Total deferred credits and other liabilities.. 796,867
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 443,298
Retained earnings............................... 621,010
------------
Total stockholders' equity.................... 1,064,308
------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 4,319,630
============
-9-
OGE Energy Corp.
Consolidating Statement of Income
Year Ended December 31, 2000
OGE Oklahoma Gas
(dollars in thousands except per share data) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
----------- ------------- ------------ -------- ------------- -------------
OPERATING REVENUES................................ $ - $ 1,453,585 $ 2,111,600 $ - $ - $ (266,458)
OPERATING EXPENSES:
Fuel............................................ - 489,049 - - - (37,436)
Purchased power................................. - 263,328 - - - -
Gas and electricity purchased for resale........ - - 1,687,108 - - (229,023)
Other operation and maintenance................. (8,495) 267,353 277,864 29 - -
Depreciation and amortization................... 6,668 117,257 52,219 - - -
Taxes other than income......................... 2,124 45,460 15,401 - - -
----------- ------------- ------------ -------- ------------- -------------
Total operating expenses...................... 297 1,182,447 2,032,592 29 - (266,459)
----------- ------------- ------------ -------- ------------- -------------
OPERATING INCOME.................................. (297) 271,138 79,008 (29) - 1
OTHER INCOME (EXPENSES), Net...................... 313 (2,745) 5,027 - - -
----------- ------------- ------------ -------- ------------- -------------
EARNINGS BEFORE INTEREST AND TAXES................ 16 268,393 84,035 (29) - 1
INTEREST INCOME (EXPENSES):
Interest income................................. 4,648 1,121 2,878 113 17,268 (22,240)
Interest on long-term debt...................... - (45,858) (55,594) - - -
Interest on trust preferred securities.......... - - - - (17,268) -
Other interest charges.......................... (32,921) (922) (2,335) (6) - 22,240
----------- ------------- ------------ -------- ------------- -------------
Net interest income (expenses)................ (28,273) (45,659) (55,051) 107 - -
EARNINGS BEFORE INCOME TAXES...................... (28,257) 222,734 28,984 78 - 1
INCOME TAX EXPENSE................................ (13,159) 80,342 9,285 37 - -
----------- ------------- ------------ -------- ------------- -------------
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. (15,098) 142,392 19,699 41 - 1
INCOME FROM SUBSIDIARIES.......................... 162,133 - - - - (162,133)
----------- ------------- ------------ -------- ------------- -------------
NET INCOME........................................ $ 147,035 $ 142,392 $ 19,699 $ 41 $ - $ (162,132)
=========== ============= ============ ======== ============= =============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,864
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.89
OGE
Consolidated
Statements
-------------
OPERATING REVENUES................................ $ 3,298,727
OPERATING EXPENSES:
Fuel............................................ 451,613
Purchased power................................. 263,328
Gas and electricity purchased for resale........ 1,458,085
Other operation and maintenance................. 536,751
Depreciation and amortization................... 176,144
Taxes other than income......................... 62,985
-------------
Total operating expenses...................... 2,948,906
-------------
OPERATING INCOME.................................. 349,821
OTHER INCOME (EXPENSES), Net...................... 2,595
-------------
EARNINGS BEFORE INTEREST AND TAXES................ 352,416
INTEREST INCOME (EXPENSES):
Interest income................................. 3,788
Interest on long-term debt...................... (101,452)
Interest on trust preferred securities.......... (17,268)
Other interest charges.......................... (13,944)
-------------
Net interest income (expenses). .............. (128,876)
EARNINGS BEFORE INCOME TAXES...................... 223,540
INCOME TAX EXPENSE................................ 76,505
-------------
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. 147,035
INCOME FROM SUBSIDIARIES.......................... -
-------------
NET INCOME........................................ $ 147,035
=============
AVERAGE COMMON SHARES
OUTSTANDING (thousands)......................... 77,864
EARNINGS PER AVERAGE
COMMON SHARE.................................... $ 1.89
-10-
Exhibit A
OGE Energy Corp.
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
OGE Oklahoma Gas
(dollars in thousands) Energy and Electric Enogex Origen OGE Consolidating
Corp. Company Inc. Inc. Capital Trust Adjustments
----------- ------------- ---------- -------- ------------- -------------
BALANCE AT BEGINNING OF PERIOD.................... $ 577,532 $ 376,691 $ 39,715 $(3,526) $ - $ (412,880)
ADD - net income (loss)........................... 147,035 142,392 19,699 41 - (162,132)
----------- ------------- ---------- -------- ------------- -------------
Total......................................... 724,567 519,083 59,414 (3,485) - (575,012)
DEDUCT:
Cash dividends declared
on common stock............................... 103,557 103,558 10,200 - - (113,758)
----------- ------------- ---------- -------- ------------- -------------
BALANCE AT END OF PERIOD.......................... $ 621,010 $ 415,525 $ 49,214 $(3,485) $ - $ (461,254)
=========== ============= ========== ======== ============= =============
OGE
(dollars in thousands) Consolidated
Statements
------------
BALANCE AT BEGINNING OF PERIOD.................... $ 577,532
ADD - net income (loss)........................... 147,035
------------
Total......................................... 724,567
DEDUCT:
Cash dividends declared
on common stock............................... 103,557
------------
BALANCE AT END OF PERIOD.......................... $ 621,010
============
-11-
Exhibit A
Enogex Inc.
Consolidating Balance Sheet
December 31, 2000
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp. Gathering, L.L.C.
----------- ----------- --------------- ----------- -------------- -----------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ 8,088 $ 13,460 $ - $ 838 $ -
Accounts receivable - customers,
less reserve of $463................. 9,027 8,590 250,310 - 4,201 1,403
Accounts receivable - affiliates....... 706,406 - - - 3,615 -
Accounts receivable-other.............. 204 116 3,442 6,378 37 (27)
Fuel inventories....................... - - - - - 38,980
Materials and supplies, at
average cost......................... 2,900 258 - - 561 -
Prepayments and other.................. 1,100 - 111 678 44 -
Price risk management.................. - - 18,824 26,903 - -
Accumulated deferred tax assets........ 620 - 880 - - -
----------- ----------- --------------- ----------- -------------- -----------------
Total current assets................. 720,257 17,052 287,027 33,959 9,296 40,356
OTHER PROPERTY AND INVESTMENTS, at cost.. 198,304 - 55 - - -
PROPERTY, PLANT & EQUIPMENT:
In service............................. 201,160 74,344 3,335 74,557 147,696 208,053
Construction work in progress.......... 544 9,779 9 - 1,323 3,428
----------- ----------- --------------- ----------- -------------- -----------------
Total property, plant and equipment.. 201,704 84,123 3,344 74,557 149 019 211,481
Less accumulated depreciation...... 78,290 14,888 1,023 33,959 7,318 74,831
----------- ----------- --------------- ----------- -------------- -----------------
Net property, plant and equipment...... 123,414 69,235 2,321 40,598 141,701 136,650
DEFERRED CHARGES 48,332 3,463 9,233 - 10,667 14,383
----------- ----------- --------------- ----------- -------------- -----------------
TOTAL ASSETS............................. $1,090,307 $ 89,750 $ 298,636 $ 74,557 $ 161,664 $ 191,389
=========== =========== =============== =========== ============== =================
Transok Enogex
(dollars in thousands) Holding, Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............. $ - $ (22,386) $ -
Accounts receivable - customers,
less reserve of $463................. 41,734 - 315,265
Accounts receivable - affiliates....... - (710,021) -
Accounts receivable-other.............. - - 10,150
Fuel inventories....................... 85,821 - 124,801
Materials and supplies, at
average cost......................... 2,779 - 6,498
Prepayments and other.................. 741 - 2,674
Price risk management.................. - - 45,727
Accumulated deferred tax assets........ 14 - 1,514
----------- ------------- ------------
Total current assets................. 131,089 (732,407) 506,629
OTHER PROPERTY AND INVESTMENTS, at cost.. 29 (195,681) 2,707
PROPERTY, PLANT & EQUIPMENT:
In service............................. 710,071 - 1,419,216
Construction work in progress.......... 15,679 - 30,762
----------- ------------- ------------
Total property, plant and equipment.. 725,750 - 1,449,978
Less accumulated depreciation...... 30,411 - 240,720
----------- ------------- ------------
Net property, plant and equipment...... 695,339 - 1,209,258
DEFERRED CHARGES 29,629 (15,384) 100,323
----------- ------------- ------------
TOTAL ASSETS............................. $ 856,086 $ (943,472) $ 1,818,917
=========== ============= ============
-12-
Exhibit A
Enogex Inc.
Consolidating Balance Sheet
December 31, 2000
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp. Gathering, L.L.C.
----------- ----------- --------------- ----------- -------------- -----------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $ - $ 39,276 $ 78,634 $ 23,155 $ 64,986 $ 61,389
Accounts payable - other............... 4,086 13,779 158,890 309 6,565 10,955
Customers' deposits.................... 2 - - - - -
Accrued taxes.......................... 667 510 17 11 1,083 507
Accrued interest....................... 17,777 - - - 448 -
Long-term debt due within one year..... - - - - 2,000 -
Price risk management.................. - - 33,709 - - -
Other.................................. 3,228 - 1,125 15 - -
----------- ----------- --------------- ----------- -------------- -----------------
Total current liabilities............ 25,760 53,565 272,375 23,490 75,082 72,851
LONG-TERM DEBT........................... 493,000 - - - 79,941 -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. 2,574 - 153 - - -
Accumulated deferred income taxes...... 63,492 8,240 235 10,224 8,002 -
Other.................................. 69,599 8,938 4,414 - 1,928 -
----------- ----------- --------------- ----------- -------------- -----------------
Total deferred credits and other
liabilities........................ 135,665 17,178 4,802 10,224 9,930 -
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ 386,668 3,713 15,001 12,751 1 91,327
Retained earnings...................... 49,214 15,294 6,458 28,092 (3,290) 27,211
----------- ----------- --------------- ----------- -------------- -----------------
Total stockholders' equity........... 435,882 19,007 21,459 40,843 (3,289) 118,538
----------- ----------- --------------- ----------- -------------- -----------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY.................................. $1,090,307 $ 89,750 $ 298,636 $ 74,557 $ 161,664 $ 191,389
=========== =========== =============== =========== ============== =================
Transok Enogex
(dollars in thousands) Holding, Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates.......... $ 521,951 $ (710,021) $ 79,370
Accounts payable - other............... 49,191 (22,387) 221,388
Customers' deposits.................... - - 2
Accrued taxes.......................... 4,259 - 7,054
Accrued interest....................... 4,450 - 22,675
Long-term debt due within one year..... - - 2,000
Price risk management.................. - - 33,709
Other.................................. 6,842 - 11,210
----------- ------------- ------------
Total current liabilities............ 586,693 (732,408) 377,408
LONG-TERM DEBT........................... 173,000 - 745,941
DEFERRED CREDITS AND OTHER LIABILITIES:
Accrued pension and benefit obligation. - - 2,727
Accumulated deferred income taxes...... 75,952 - 166,145
Other.................................. 21,318 (15,383) 90,814
----------- ------------- ------------
Total deferred credits and other
liabilities........................ 97,270 (15,383) 259,686
STOCKHOLDERS' EQUITY:
Common stockholders' equity............ - (122,793) 386,668
Retained earnings...................... (877) (72,888) 49,214
----------- ------------- ------------
Total stockholders' equity........... (877) (195,681) 435,882
----------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY.................................. $ 856,086 $ (943,472) $ 1,818,917
=========== ============= ============
-13-
Exhibit A
Enogex Inc.
Consolidating Statement of Income
Year Ended December 31, 2000
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp. Gathering, L.L.C.
----------- ----------- --------------- ----------- -------------- -----------------
OPERATING REVENUES....................... $ 29,283 $ 140,718 $ 1,755,521 $ 27,100 $ 73,409 $ 170,084
OPERATING EXPENSES:
Gas and electricity purchased
for resale........................... - 102,599 1,735,552 - 60,310 133,024
Other operation and maintenance........ 21,129 20,895 11,630 11,440 5,939 18,556
Depreciation and amortization.......... 8,037 3,812 1,771 6,231 3,201 8,610
Taxes other than income................ 1,693 861 361 94 1,055 2,007
----------- ----------- --------------- ----------- -------------- -----------------
Total operating expenses............. 30,859 128,167 1,749,314 17,765 70,505 162,197
----------- ----------- --------------- ----------- -------------- -----------------
OPERATING INCOME......................... (1,576) 12,551 6,207 9,335 2,904 7,887
OTHER INCOME (EXPENSES), Net............. (20) 674 (803) 2,343 1,264 311
----------- ----------- --------------- ----------- -------------- -----------------
EARNINGS BEFORE INTEREST AND TAXES....... (1,596) 13,225 5,404 11,678 4,168 8,198
INTEREST INCOME (EXPENSES):
Interest income........................ 35,574 486 502 - 155 167
Interest on long-term debt............. (35,267) - - - (5,574) (692)
Other interest charges................. (1,881) - (1,023) - (454) -
----------- ----------- --------------- ----------- -------------- -----------------
Net interest income (expenses)....... (1,574) 486 (521) - (5,873) (525)
EARNINGS BEFORE INCOME TAXES............. (3,170) 13,711 4,883 11,678 (1,705) 7,673
INCOME TAX EXPENSES...................... (395) 5,367 1,751 2,203 (1,058) 3,057
----------- ----------- --------------- ----------- -------------- -----------------
NET INCOME BEFORE CONTRIBUTION FROM
SUBSIDIARIES........................... (2,775) 8,344 3,132 9,475 (647) 4,616
INCOME FROM SUBSIDIARIES................. 22,474 - - - - -
----------- ----------- --------------- ----------- -------------- -----------------
NET INCOME (LOSS)........................ $ 19,699 $ 8,344 $ 3,132 $ 9,475 $ (647) $ 4,616
=========== =========== =============== =========== ============== =================
Transok Enogex
(dollars in thousands) Holding, Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
OPERATING REVENUES....................... $ 677,432 $ (761,947) $ 2,111,600
OPERATING EXPENSES:
Gas and electricity purchased
for resale........................... 416,913 (761,290) 1,687,108
Other operation and maintenance........ 188,275 - 277,864
Depreciation and amortization.......... 20,557 - 52,219
Taxes other than income................ 9,330 - 15,401
----------- ------------- ------------
Total operating expenses............. 635,075 (761,290) 2,032,592
----------- ------------- ------------
OPERATING INCOME......................... 42,357 (657) 79,008
OTHER INCOME (EXPENSES), Net............. 601 657 5,027
----------- ------------- ------------
EARNINGS BEFORE INTEREST AND TAXES....... 42,958 - 84,035
INTEREST INCOME (EXPENSES):
Interest income........................ 393 (34,399) 2,878
Interest on long-term debt............. (14,061) - (55,594)
Other interest charges................. (33,376) 34,399 (2,335)
----------- ------------- ------------
Net interest income (expenses)....... (47,044) - (55,051)
EARNINGS BEFORE INCOME TAXES............. (4,086) - 28,984
INCOME TAX EXPENSES...................... (1,640) - 9,285
----------- ------------- ------------
NET INCOME BEFORE CONTRIBUTION FROM
SUBSIDIARIES........................... (2,446) - 19,699
INCOME FROM SUBSIDIARIES................. - (22,474) -
----------- ------------- ------------
NET INCOME (LOSS)........................ $ (2,446) $ (22,474) $ 19,699
=========== ============= ============
-14-
Exhibit A
Enogex Inc.
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
Enogex OGE Enogex Enogex Enogex
(dollars in thousands) Enogex Products Energy Exploration Arkansas Gas
Inc. Corporation Resources, Inc. Corporation Pipeline Corp. Gathering, L.L.C.
--------- ----------- --------------- ----------- -------------- -----------------
BALANCE AT BEGINNING OF PERIOD........... $ 39,715 $ 6,950 $ 3,326 $ 18,617 $ (2,643) $ 22,595
ADD - net income (loss).................. 19,699 8,344 3,132 9,475 (647) 4,616
--------- ----------- --------------- ----------- -------------- -----------------
Total................................ 59,414 15,294 6,458 28,092 (3,290) 27,211
DEDUCT:
Cash dividends declared
on common stock...................... 10,200 - - - - -
--------- ----------- --------------- ----------- -------------- -----------------
BALANCE AT END OF PERIOD................. $ 49,214 $ 15,294 $ 6,458 $ 28,092 $ (3,290) $ 27,211
========= =========== =============== =========== ============== =================
Transok Enogex
(dollars in thousands) Holding, Consolidating Consolidated
LLC Adjustments Statements
----------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD........... $ 1,569 $ (50,414) $ 39,715
ADD - net income (loss).................. (2,446) (22,474) 19,699
----------- ------------- ------------
Total................................ (877) (72,888) 59,414
DEDUCT:
Cash dividends declared
on common stock...................... - - 10,200
----------- ------------- ------------
BALANCE AT END OF PERIOD................. $ (877) $ (72,888) $ 49,214
=========== ============= ============
-15-
Exhibit A
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 2000
Enogex Belvan Todd NuStar
(dollars in thousands) Products Belvan Partners, Ranch Joint Consolidating
Corporation Corporation L.P. Partners, L.P. Venture Adjustments
----------- ----------- --------- -------------- ---------- -------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 3,307 $ - $ - $ 4,867 $ (86)
Accounts receivable - customers................. 215 2,260 - - 6,115 -
Accounts receivable - affiliates................ - - - 2,008 - (2,008)
Accounts receivable - other..................... - 1 - - 115 -
Materials and supplies, at average cost......... - - - - 258 -
----------- ----------- --------- -------------- ---------- -------------
Total current assets.......................... 215 5,568 - 2,008 11,355 (2,094)
OTHER PROPERTY AND INVESTMENTS, at cost........... 50,796 146 - - - (50,942)
PROPERTY, PLANT & EQUIPMENT:
In service...................................... 18,119 70 11,726 1,790 42,639 -
Construction work in progress................... 3,158 - 582 - 6,039 -
----------- ----------- --------- -------------- ----------- ------------
Total property, plant and equipment........... 21,277 70 12,308 1,790 48,678 -
Less accumulated depreciation............... 6,829 43 1,294 199 6,523 -
----------- ----------- --------- -------------- ----------- ------------
Net property, plant and equipment............... 14,448 27 11,014 1,591 42,155 -
DEFERRED CHARGES.................................. 1,074 466 - 1,804 119 -
----------- ----------- --------- -------------- ----------- ------------
TOTAL ASSETS...................................... $ 66,533 $ 6,207 $ 11,014 $ 5,403 $ 53,629 $ (53,036)
=========== =========== ========= ============== =========== ============
EPC
(dollars in thousands) Consolidated
Statements
------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ 8,088
Accounts receivable - customers................. 8,590
Accounts receivable - affiliates................ -
Accounts receivable - other..................... 116
Materials and supplies, at average cost......... 258
------------
Total current assets.......................... 17,052
OTHER PROPERTY AND INVESTMENTS, at cost........... -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... 74,344
Construction work in progress................... 9,779
------------
Total property, plant and equipment........... 84,123
Less accumulated depreciation............... 14,888
------------
Net property, plant and equipment............... 69,235
DEFERRED CHARGES.................................. 3,463
------------
TOTAL ASSETS...................................... $ 89,750
============
-16-
Exhibit A
Enogex Products Corporation
Consolidating Balance Sheet
December 31, 2000
Enogex Belvan Todd NuStar
(dollars in thousands) Products Belvan Partners, Ranch Joint Consolidating
Corporation Corporation L.P. Partners, L.P. Venture Adjustments
----------- ----------- --------- -------------- ---------- -------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 35,753 $ 3,705 $ 543 $ - $ - $ (725)
Accounts payable - other........................ 3,373 2,703 - - 7,703 -
Accrued taxes................................... 72 1 74 1 362 -
Other........................................... 88 - - - 1,282 (1,370)
----------- ----------- --------- -------------- ---------- -------------
Total current liabilities..................... 39,286 6,409 617 1 9,347 (2,095)
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 8,240 - - - - -
Other........................................... - - - - 100 8,838
----------- ----------- --------- -------------- ---------- -------------
Total deferred credits and other liabilities.. 8,240 - - - 100 8,838
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 3,713 324 9,400 4,157 28,975 (42,856)
Retained earnings............................... 15,294 (526) 997 1,245 15,207 (16,923)
----------- ----------- --------- -------------- ---------- -------------
Total stockholders' equity.................... 19,007 (202) 10,397 5,402 44,182 (59,779)
----------- ----------- --------- -------------- ---------- -------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 66,533 $ 6,207 $ 11,014 $ 5,403 $ 53,629 $ (53,036)
=========== =========== ========= ============== ========== =============
EPC
(dollars in thousands) Consolidated
Statements
-------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 39,276
Accounts payable - other........................ 13,779
Accrued taxes................................... 510
Other........................................... -
-------------
Total current liabilities..................... 53,565
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 8,240
Other........................................... 8,938
-------------
Total deferred credits and other liabilities.. 17,178
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 3,713
Retained earnings............................... 15,294
-------------
Total stockholders' equity.................... 19,007
-------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 89,750
=============
-17-
Exhibit A
Enogex Products Corporation
Consolidating Statement of Income
Year Ended December 31, 2000
Enogex Belvan Todd NuStar
(dollars in thousands) Products Belvan Partners, Ranch Joint Consolidating
Corporation Corporation L.P. Partners, L.P. Venture Adjustments
----------- ----------- --------- -------------- ---------- -------------
OPERATING REVENUES................................ $ 54,336 $ - $ 16,747 $ 2,317 $ 70,658 $ (3,340)
OPERATING EXPENSES:
Gas and electricity purchased for resale........ 31,131 - 14,153 2,039 58,616 (3,340)
Other operation and maintenance................. 15,494 283 1,413 140 3,805 (240)
Depreciation and amortization................... 1,001 21 539 222 2,029 -
Taxes other than income......................... 299 7 87 2 466 -
----------- ----------- --------- -------------- ---------- -------------
Total operating expenses...................... 47,925 311 16,192 2,403 64,916 (3,580)
----------- ----------- --------- -------------- ---------- -------------
OPERATING INCOME.................................. 6,411 (311) 555 (86) 5,742 240
OTHER INCOME (EXPENSES), Net...................... 1,338 - 505 99 234 (1,502)
----------- ----------- --------- -------------- ---------- -------------
EARNINGS BEFORE INTEREST AND TAXES................ 7,749 (311) 1,060 13 5,976 (1,262)
INTEREST INCOME (EXPENSES):
Interest income................................. - 149 - - 337 -
EARNINGS BEFORE INCOME TAXES...................... 7,749 (162) 1,060 13 6,313 (1,262)
INCOME TAX EXPENSES............................... 5,367 - - - - -
----------- ----------- --------- -------------- ---------- -------------
NET INCOME BEFORE CONTRIBUTION FROM
SUBSIDIARIES.................................... 2,382 (162) 1,060 13 6,313 (1,262)
INCOME FROM SUBSIDIARIES.......................... 5,962 - - - - (5,962)
----------- ----------- --------- -------------- ---------- -------------
NET INCOME (LOSS)................................. $ 8,344 $ (162) $ 1,060 $ 13 $ 6,313 $ (7,224)
=========== =========== ========= ============== ========== =============
EPC
(dollars in thousands) Consolidated
Statements
-------------
OPERATING REVENUES................................ $ 140,718
OPERATING EXPENSES:
Gas and electricity purchased for resale........ 102,599
Other operation and maintenance................. 20,895
Depreciation and amortization................... 3,812
Taxes other than income......................... 861
-------------
Total operating expenses...................... 128,167
-------------
OPERATING INCOME.................................. 12,551
OTHER INCOME (EXPENSES), Net...................... 674
-------------
EARNINGS BEFORE INTEREST AND TAXES................ 13,225
INTEREST INCOME (EXPENSES):
Interest income................................. 486
EARNINGS BEFORE INCOME TAXES...................... 13,711
INCOME TAX EXPENSES............................... 5,367
-------------
NET INCOME BEFORE CONTRIBUTION FROM
SUBSIDIARIES.................................... 8,344
INCOME FROM SUBSIDIARIES.......................... -
-------------
NET INCOME (LOSS)................................. $ 8,344
=============
-18-
Exhibit A
Enogex Products Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
Enogex Belvan Todd NuStar
(dollars in thousands) Products Belvan Partners, Ranch Joint Consolidating
Corporation Corporation L.P. Partners, L.P. Venture Adjustments
----------- ----------- --------- -------------- ---------- -------------
BALANCE AT BEGINNING OF PERIOD.................... $ 6,950 $ (364) $ (63) $ 1,232 $ 8,894 $ (9,699)
ADD - net income (loss)........................... 8,344 (162) 1,060 13 6,313 (7,224)
----------- ----------- --------- -------------- ---------- -------------
BALANCE AT END OF PERIOD.......................... $ 15,294 $ (526) $ 997 $ 1,245 $ 15,207 $ (16,923)
=========== =========== ========= ============== ========== =============
EPC
(dollars in thousands) Consolidated
Statements
-------------
BALANCE AT BEGINNING OF PERIOD.................... $ 6,950
ADD - net income (loss)........................... 8,344
-------------
BALANCE AT END OF PERIOD.......................... $ 15,294
=============
-19-
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 2000
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ 838 $ - $ 838
Accounts receivable - customers................. - 4,201 - 4,201
Accounts receivable - affiliates................ - 3,851 (236) 3,615
Accounts receivable - other..................... - 37 - 37
Materials and supplies, at average cost......... - 561 - 561
Prepayments and other........................... - 44 - 44
-------------- ---------- ------------- ------------
Total current assets.......................... - 9,532 (236) 9,296
OTHER PROPERTY AND INVESTMENTS, at cost........... 75,294 - (75,294) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 186,547 (38,851) 147,696
Construction work in progress................... - 1,323 - 1,323
-------------- ---------- ------------- ------------
Total property, plant and equipment........... - 187,870 (38,851) 149,019
Less accumulated depreciation............... - 23,716 (16,398) 7,318
-------------- ---------- ------------- ------------
Net property, plant and equipment............... - 164,154 (22,453) 141,701
DEFERRED CHARGES.................................. - 14,981 (4,314) 10,667
-------------- ---------- ------------- ------------
TOTAL ASSETS...................................... $ 75,294 $ 188,667 $ (102,297) $ 161,664
============== ========== ============= ============
-20-
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Balance Sheet
December 31, 2000
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................... $ 64,987 $ 14 $ (15) $ 64,986
Accounts payable - other........................ - 6,565 - 6,565
Accrued taxes................................... 235 847 1 1,083
Accrued interest................................ - 448 - 448
Long-term debt due within one year.............. 220 2,000 (220) 2,000
-------------- ---------- ------------- ------------
Total current liabilities..................... 65,442 9,874 (234) 75,082
LONG-TERM DEBT.................................... 6,941 73,000 - 79,941
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... 8,002 - - 8,002
Other........................................... - 1,928 - 1,928
-------------- ---------- ------------- ------------
Total deferred credits and other liabilities.. 8,002 1,928 - 9,930
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (297) 112,936 (112,638) 1
Retained earnings............................... (4,794) (9,071) 10,575 (3,290)
-------------- ---------- ------------- ------------
Total stockholders' equity.................... (5,091) 103,865 (102,063) (3,289)
-------------- ---------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 75,294 $ 188,667 $ (102,297) $ 161,664
============== ========== ============= ============
-21-
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Income
Year Ended December 31, 2000
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
OPERATING REVENUES................................ $ (224) $ 73,633 $ - $ 73,409
OPERATING EXPENSES:
Gas purchased for resale........................ - 60,310 - 60,310
Other operation and maintenance................. 2,139 3,800 - 5,939
Depreciation.................................... 1 3,590 (390) 3,201
Taxes other than income......................... 20 1,035 - 1,055
-------------- ---------- ------------- ------------
Total operating expenses...................... 2,160 68,735 (390) 70,505
-------------- ---------- ------------- ------------
OPERATING INCOME.................................. (2,384) 4,898 390 2,904
OTHER INCOME (EXPENSES), Net...................... - 21 1,243 1,264
-------------- ---------- ------------- ------------
EARNINGS BEFORE INTEREST AND TAXES................ (2,384) 4,919 1,633 4,168
INTEREST INCOME:
Interest income................................. 352 137 (334) 155
Interest on long-term debt...................... - (6,448) 874 (5,574)
Other........................................... (454) - - (454)
-------------- ---------- ------------- ------------
Net interest income (expenses)................ (102) (6,311) 540 (5,873)
EARNINGS BEFORE INCOME TAXES...................... (2,486) (1,392) 2,173 (1,705)
INCOME TAX EXPENSES............................... (1,058) - - (1,058)
-------------- ---------- ------------- ------------
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. (1,428) (1,392) 2,173 (647)
INCOME FROM SUBSIDIARIES.......................... 176 - (176) -
-------------- ---------- ------------- ------------
NET INCOME (LOSS)................................. $ (1,252) $ (1,392) $ 1,997 $ (647)
============== ========== ============= ============
-22-
Exhibit A
Enogex Arkansas Pipeline Corporation
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
Enogex NOARK EAPC
(dollars in thousands) Arkansas Pipeline Consolidating Consolidated
Pipeline Corp. System, LP Adjustments Statements
-------------- ---------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ (3,542) $ (7,679) $ 8,578 $ (2,643)
ADD - net income (loss)........................... (1,252) (1,392) 1,997 (647)
-------------- ---------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (4,794) $ (9,071) $ 10,575 $ (3,290)
============== ========== ============= ============
-23-
Exhibit A
NOARK Pipeline System, Limited Partnership
Consolidating Balance Sheet
December 31, 2000
NOARK Ozark Gas Arkansas NOARK Ozark Gas
(dollars in thousands) Pipeline Transmission, Western Energy Gathering,
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C. L.L.C.
----------- ------------- ---------------- ---------------- ----------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ 3,663 $ - $ - $ - $ -
Accounts receivable - customers................. 137 1,899 107 (49) 2,107
Accounts receivable - affiliates................ 20,057 26,823 715 - 5,702
Accounts receivable - other..................... - 47 - - (10)
Materials and supplies, at average cost......... - 561 - - -
Prepayments and other........................... - 41 - - 3
----------- ------------- ---------------- ---------------- ----------
Total current assets.......................... 23,857 29,371 822 (49) 7,802
OTHER PROPERTY AND INVESTMENTS, at cost........... 180,391 - - - -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... 60 177,811 2,487 - 6,189
Construction work in progress................... - 353 - - 970
----------- ------------- ---------------- ---------------- ----------
Total property, plant and equipment........... 60 178,164 2,487 - 7,159
Less accumulated depreciation............... 28 22,261 722 - 705
----------- ------------- ---------------- ---------------- ----------
Net property, plant and equipment............... 32 155,903 1,765 - 6,454
DEFERRED CHARGES.................................. 1,976 14,545 16 - -
----------- ------------- ---------------- ---------------- ----------
TOTAL ASSETS...................................... $ 206,256 $ 199,819 $ 2,603 $ (49) $ 14,256
=========== ============= ================ ================ ==========
NOARK NOARK
(dollars in thousands) Pipeline Consolidating Consolidated
Finance, L.L.C. Adjustments Statements
--------------- ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ (2,825) $ 838
Accounts receivable - customers................. - - 4,201
Accounts receivable - affiliates................ 448 (49,894) 3,851
Accounts receivable - other..................... - - 37
Materials and supplies, at average cost......... - - 561
Prepayments and other........................... 2,000 (2,000) 44
--------------- ------------- ------------
Total current assets.......................... 2,448 (54,719) 9,532
OTHER PROPERTY AND INVESTMENTS, at cost........... - (180,391) -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - - 186,547
Construction work in progress................... - - 1,323
--------------- ------------- ------------
Total property, plant and equipment........... - - 187,870
Less accumulated depreciation............... - - 23,716
--------------- ------------- ------------
Net property, plant and equipment............... - - 164,154
DEFERRED CHARGES.................................. 73,000 (74,556) 14,981
--------------- ------------- ------------
TOTAL ASSETS...................................... $ 75,448 $ (309,666) $ 188,667
=============== ============= ============
-24-
Exhibit A
NOARK Pipeline System, Limited Partnership
Consolidating Balance Sheet
December 31, 2000
NOARK Ozark Gas Arkansas NOARK Ozark Gas
(dollars in thousands) Pipeline Transmission, Western Energy Gathering,
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C. L.L.C.
----------- ------------- ---------------- ---------------- ----------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ 27,097 $ - $ - $ 19,707 $ 349
Accounts payable - other........................ - (33) - 581 6,017
Accrued taxes................................... - 841 - - 6
Accrued interest................................ - - - - -
Long-term debt due within one year.............. 2,000 - - - -
Other........................................... 294 135 - 2,459 2,691
----------- ------------- ---------------- ---------------- ----------
Total current liabilities..................... 29,391 943 - 22,747 9,063
LONG-TERM DEBT.................................... 73,000 - - - -
OTHER LIABILITIES................................. - 1,916 - 260 1,307
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 112,936 168,912 1,974 - 2,019
Retained earnings............................... (9,071) 28,048 629 (23,056) 1,867
----------- ------------- ---------------- ---------------- ----------
Total stockholders' equity.................... 103,865 196,960 2,603 (23,056) 3,886
----------- ------------- ---------------- ---------------- ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 206,256 $ 199,819 $ 2,603 $ (49) $ 14,256
=========== ============= ================ ================ ==========
NOARK NOARK
(dollars in thousands) Pipeline Consolidating Consolidated
Finance, L.L.C. Adjustments Statements
--------------- ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ - $ (47,139) $ 14
Accounts payable - other........................ - - 6,565
Accrued taxes................................... - - 847
Accrued interest................................ 448 - 448
Long-term debt due within one year.............. 2,000 (2,000) 2,000
Other........................................... - (5,579) -
--------------- ------------- ------------
Total current liabilities..................... 2,448 (54,718) 9,874
LONG-TERM DEBT.................................... 73,000 (73,000) 73,000
OTHER LIABILITIES................................. - (1,555) 1,928
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... - (172,905) 112,936
Retained earnings............................... - (7,488) (9,071)
--------------- ------------- ------------
Total stockholders' equity.................... - (180,393) 103,865
--------------- ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 75,448 $ (309,666) $ 188,667
=============== ============= ============
-25-
Exhibit A
NOARK Pipeline System, Limited Partnership
Consolidating Statement of Income
Year Ended December 31, 2000
NOARK Ozark Gas Arkansas NOARK Ozark Gas
(dollars in thousands) Pipeline Transmission, Western Energy Gathering,
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C. L.L.C.
----------- ------------- ---------------- ---------------- ----------
OPERATING REVENUES................................ $ - $ 19,757 $ 417 $ 35,304 $ 62,541
OPERATING EXPENSES:
Gas purchased for resale........................ - (3,127) - 45,371 62,452
Other operation and maintenance................. (2,030) 5,237 66 1 526
Depreciation.................................... 5 3,237 98 - 250
Taxes other than income......................... 1 998 21 - 15
----------- ------------- ---------------- ---------------- ----------
Total operating expenses...................... (2,024) 6,345 185 45,372 63,243
----------- ------------- ---------------- ---------------- ----------
OPERATING INCOME.................................. 2,024 13,412 232 (10,068) (702)
OTHER INCOME (EXPENSES), Net...................... 8 5 - - 8
----------- ------------- ---------------- ---------------- ----------
EARNINGS BEFORE INTEREST AND TAXES................ 2,032 13,417 232 (10,068) (694)
INTEREST INCOME (EXPENSES):
Interest income................................. 137 - - - -
Interest on long-term debt...................... (5,904) (540) (4) - -
----------- ------------- ---------------- ---------------- ----------
Net interest income (expense)................. (5,767) (540) (4) - -
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. (3,735) 12,877 228 (10,068) (694)
INCOME FROM SUBSIDIARIES.......................... 2,343 - - - -
----------- ------------- ---------------- ---------------- ----------
NET INCOME (LOSS)................................. $ (1,392) $ 12,877 $ 228 $ (10,068) $ (694)
=========== ============= ================ ================ ==========
NOARK NOARK
(dollars in thousands) Pipeline Consolidating Consolidated
Finance, L.L.C. Adjustments Statements
--------------- ------------- ------------
OPERATING REVENUES................................ $ - $ (44,386) $ 73,633
OPERATING EXPENSES:
Gas purchased for resale........................ - (44,386) 60,310
Other operation and maintenance................. - - 3,800
Depreciation.................................... - - 3,590
Taxes other than income......................... - - 1,035
--------------- ------------- ------------
Total operating expenses...................... - (44,386) 68,735
--------------- ------------- ------------
OPERATING INCOME.................................. - - 4,898
OTHER INCOME (EXPENSES), Net...................... - - 21
--------------- ------------- ------------
EARNINGS BEFORE INTEREST AND TAXES................ - - 4,919
INTEREST INCOME (EXPENSES):
Interest income................................. 5,457 (5,457) 137
Interest on long-term debt...................... (5,457) 5,457 (6,448)
--------------- ------------- ------------
Net interest income (expense)................. - - (6,311)
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. - - (1,392)
INCOME FROM SUBSIDIARIES.......................... - (2,343) -
--------------- ------------- ------------
NET INCOME (LOSS)................................. $ - $ (2,343) $ (1,392)
=============== ============= ============
-26-
Exhibit A
NOARK Pipeline System, Limited Partnership
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
NOARK Ozark Gas Arkansas NOARK Ozark Gas
(dollars in thousands) Pipeline Transmission, Western Energy Gathering,
System, LP L.L.C. Pipeline, L.L.C. Services, L.L.C. L.L.C.
----------- ------------- ---------------- ---------------- ----------
BALANCE AT BEGINNING OF PERIOD.................... $ (7,679) $ 15,171 $ 401 $ (12,988) $ 2,561
ADD - net income (loss)........................... (1,392) 12,877 228 (10,068) (694)
----------- ------------- ---------------- ---------------- ----------
BALANCE AT END OF PERIOD.......................... $ (9,071) $ 28,048 $ 629 $ (23,056) $ 1,867
=========== ============= ================ ================ ==========
NOARK NOARK
(dollars in thousands) Pipeline Consolidating Consolidated
Finance, L.L.C. Adjustments Statements
--------------- ------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ - $ (5,145) $ (7,679)
ADD - net income (loss)........................... - (2,343) (1,392)
--------------- ------------- ------------
BALANCE AT END OF PERIOD.......................... $ - $ (7,488) $ (9,071)
=============== ============= ============
-27-
Exhibit A
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 2000
Transok Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing, Gas,
LLC LLC LLC LLC LLC
----------- ------------ -------------- --------------- ----------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ - $ - $ - $ -
Accounts receivable - customers,
less reserve of $463.......................... - 11,304 743 1,418 28,269
Accounts receivable - affiliates................ - - - 52,366 -
Fuel inventories................................ - - - - 85,821
Materials and supplies, at average cost......... - 2,779 - - -
Prepayments and other........................... - 741 - - -
Accumulated deferred tax assets................. - - - - 14
----------- ------------ -------------- --------------- ----------
Total current assets.......................... - 14,824 743 53,784 114,104
OTHER PROPERTY AND INVESTMENTS, at cost........... (877) 340,129 - - -
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 404,327 88,759 216,985 -
Construction work in progress................... - 1,850 3,855 9,974 -
----------- ------------ -------------- --------------- ----------
Total property, plant and equipment........... - 406,177 92,614 226,959 -
Less accumulated depreciation............... - 10,042 7,374 12,995 -
----------- ------------ -------------- --------------- ----------
Net property, plant and equipment............... - 396,135 85,240 213,964 -
DEFERRED CHARGES.................................. - (1,095) 3 50 30,671
----------- ------------ -------------- --------------- ----------
TOTAL ASSETS...................................... $ (877) $ 749,993 $ 85,986 $ 267,798 $ 144,775
=========== ============ ============== =============== ==========
Transok
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ - $ -
Accounts receivable - customers,
less reserve of $463.......................... - 41,734
Accounts receivable - affiliates................ (52,366) -
Fuel inventories................................ - 85,821
Materials and supplies, at average cost......... - 2,779
Prepayments and other........................... - 741
Accumulated deferred tax assets................. - 14
------------- ------------
Total current assets.......................... (52,366) 131,089
OTHER PROPERTY AND INVESTMENTS, at cost........... (339,223) 29
PROPERTY, PLANT & EQUIPMENT:
In service...................................... - 710,071
Construction work in progress................... - 15,679
------------- ------------
Total property, plant and equipment........... - 725,750
Less accumulated depreciation............... - 30,411
------------- ------------
Net property, plant and equipment............... - 695,339
DEFERRED CHARGES.................................. - 29,629
------------- ------------
TOTAL ASSETS...................................... $ (391,589) $ 856,086
============= ============
-28-
Exhibit A
Transok Holding, LLC
Consolidating Balance Sheet
December 31, 2000
Transok Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing, Gas,
LLC LLC LLC LLC LLC
----------- ------------ -------------- --------------- ----------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ - $ 494,690 $ 14,856 $ - $ 64,770
Accounts payable - other........................ - 22,595 27 (138) 26,707
Accrued taxes................................... - 2,502 721 941 95
Accrued interest................................ - 4,450 - - -
Other........................................... - 6,845 (3) - -
----------- ------------ -------------- --------------- ----------
Total current liabilities..................... - 531,082 15,601 803 91,572
LONG-TERM DEBT.................................... - 173,000 - - -
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... - 25,468 13,243 37,243 (2)
Other........................................... - 21,318 - - -
----------- ------------ -------------- --------------- ----------
Total deferred credits and other liabilities.. - 219,786 13,243 37,243 (2)
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... - 2 61,154 202,713 49,662
Retained earnings............................... (877) (877) (4,012) 27,039 3,543
----------- ------------ -------------- --------------- ----------
Total stockholders' equity.................... (877) (875) 57,142 229,752 53,205
----------- ------------ -------------- --------------- ----------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (877) $ 749,993 $ 85,986 $ 267,798 $ 144,775
=========== ============ ============== =============== ==========
Transok
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable - affiliates................... $ (52,365) $ 521,951
Accounts payable - other........................ - 49,191
Accrued taxes................................... - 4,259
Accrued interest................................ - 4,450
Other........................................... - 6,842
------------- ------------
Total current liabilities..................... (52,365) 586,693
LONG-TERM DEBT.................................... - 173,000
DEFERRED CREDITS AND OTHER LIABILITIES:
Accumulated deferred income taxes............... - 75,952
Other........................................... - 21,318
------------- ------------
Total deferred credits and other liabilities.. - 97,270
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... (313,531) -
Retained earnings............................... (25,693) (877)
------------- ------------
Total stockholders' equity.................... (339,224) (877)
------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (391,589) $ 856,086
============= ============
-29-
Exhibit A
Transok Holding, LLC
Consolidating Statement of Income
Year Ended December 31, 2000
Transok Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing, Gas,
LLC LLC LLC LLC LLC
----------- ------------ -------------- --------------- ----------
OPERATING REVENUES................................ $ - $ 55,277 $ 11,462 $ 211,078 $ 716,475
OPERATING EXPENSES:
Gas purchased for resale........................ - 35 - 17,854 715,884
Other operation and maintenance................. - 33,764 11,777 142,734 -
Depreciation.................................... - 7,013 4,701 8,843 -
Taxes other than income......................... - 5,098 1,853 2,169 210
----------- ------------ -------------- --------------- ----------
Total operating expenses...................... - 45,910 18,331 171,600 716,094
----------- ------------ ------------- --------------- ----------
OPERATING INCOME.................................. - 9,367 (6,869) 39,478 381
OTHER INCOME (EXPENSES), Net...................... - 395 185 21 -
----------- ------------ -------------- --------------- ----------
EARNINGS BEFORE INCOME TAXES...................... - 9,762 (6,684) 39,499 381
INTEREST INCOME (EXPENSES):
Interest income................................. - 1 - - 392
Interest on long-term debt...................... - (14,061) - - -
Other interest charges.......................... - (33,376) - - -
----------- ------------ -------------- --------------- ----------
Net interest income (expenses)................ - (47,436) - - 392
EARNINGS BEFORE INCOME TAXES...................... - (37,674) (6,684) 39,499 773
INCOME TAX EXPENSES............................... - (14,564) (2,673) 15,300 297
----------- ------------ -------------- --------------- ----------
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. - (23,110) (4,011) 24,199 476
INCOME FROM SUBSIDIARIES.......................... (2,446) 20,664 - - -
----------- ------------ -------------- --------------- ----------
NET INCOME (LOSS)................................. $ (2,446) $ (2,446) $ (4,011) $ 24,199 $ 476
=========== ============ ============== =============== ==========
Transok
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
OPERATING REVENUES................................ $ (316,860) $ 677,432
OPERATING EXPENSES:
Gas purchased for resale........................ (316,860) 416,913
Other operation and maintenance................. - 188,275
Depreciation.................................... - 20,557
Taxes other than income......................... - 9,330
------------- ------------
Total operating expenses...................... (316,860) 635,075
------------- ------------
OPERATING INCOME.................................. - 42,357
OTHER INCOME (EXPENSES), Net...................... - 601
------------- ------------
EARNINGS BEFORE INTEREST AND TAXES................ - 42,958
INTEREST INCOME (EXPENSES):
Interest income................................. - 393
Interest on long-term debt...................... - (14,061)
Other interest charges.......................... - (33,376)
------------- ------------
Net interest income (expenses)................ - (47,044)
EARNINGS BEFORE INCOME TAXES...................... - (4,086)
INCOME TAX EXPENSES............................... - (1,640)
------------- ------------
NET INCOME BEFORE CONTRIBUTION FROM SUBSIDIARIES.. - (2,446)
INCOME FROM SUBSIDIARIES.......................... (18,218) -
------------- ------------
NET INCOME (LOSS)................................. $ (18,218) $ (2,446)
============= ============
-30-
Exhibit A
Transok Holding, LLC
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
Transok Transok Transok Transok
(dollars in thousands) Holding, Transok, Gas Gathering, Gas Processing, Gas,
LLC LLC LLC LLC LLC
----------- ------------ -------------- --------------- ----------
BALANCE AT BEGINNING OF PERIOD.................... $ 1,569 $ 1,569 $ (1) $ 2,840 $ 3,067
ADD - net income (loss)........................... (2,446) (2,446) (4,011) 24,199 476
----------- ------------ -------------- --------------- ----------
BALANCE AT END OF PERIOD.......................... $ (877) $ (877) $ (4,012) $ 27,039 $ 3,543
=========== ============ ============== =============== ==========
Transok
(dollars in thousands) Consolidating Consolidated
Adjustments Statements
------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ (7,475) $ 1,569
ADD - net income (loss)........................... (18,218) (2,446)
------------- ------------
BALANCE AT END OF PERIOD.......................... $ (25,693) $ (877)
============= ============
-31-
Exhibit A
Origen Inc.
Consolidating Balance Sheet
December 31, 2000
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................... $ 32 $ - $ - $ 32
Accounts receivable - affiliates................ 62 1 (1) 62
Accounts receivable - other..................... 34 - - 34
--------- ------------ ------------- ------------
Total current assets.......................... 128 1 (1) 128
OTHER PROPERTY AND INVESTMENTS, at cost........... 1,458 - - 1,458
--------- ------------ ------------- ------------
TOTAL ASSETS...................................... $ 1,586 $ 1 $ (1) $ 1,586
========= ============ ============= ============
-32-
Exhibit A
Origen Inc.
Consolidating Balance Sheet
December 31, 2000
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Other........................................... $ 70 $ - $ - $ 70
STOCKHOLDERS' EQUITY:
Common stockholders' equity..................... 5,001 1 (1) 5,001
Retained earnings............................... (3,485) - - (3,485)
--------- ------------ ------------- ------------
Total stockholders' equity.................... 1,516 1 (1) 1,516
--------- ------------ ------------- ------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 1,586 $ 1 $ (1) $ 1,586
========= ============ ============= ============
-33-
Exhibit A
Origen Inc.
Consolidating Statement of Income
Year Ended December 31, 2000
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
OPERATING REVENUES................................ $ - $ - $ - $ -
OPERATING EXPENSES:
Other operation and maintenance................. 29 - - 29
--------- ------------ ------------- ------------
OPERATING INCOME.................................. (29) - - (29)
INTEREST INCOME (EXPENSES):
Interest income................................. 113 - - 113
Other interest income........................... (6) - - (6)
--------- ------------ ------------- ------------
Net interest income (expenses)................ 107 - - 107
--------- ------------ ------------- ------------
EARNINGS BEFORE INCOME TAXES...................... 78 - - 78
INCOME TAX EXPENSE................................ 37 - - 37
--------- ------------ ------------- ------------
NET INCOME........................................ $ 41 $ - $ - $ 41
========= ============ ============= ============
-34-
Exhibit A
Origen Inc.
Consolidating Statement of Retained Earnings
Year Ended December 31, 2000
OGE Origen
(dollars in thousands) Origen Energy Consolidating Consolidated
Inc. Technologies Adjustments Statements
--------- ------------ ------------- ------------
BALANCE AT BEGINNING OF PERIOD.................... $ (3,526) $ (2,001) $ 2,001 $ (3,526)
ADD - net income.................................. 41 - - 41
OTHER CHARGES TO RETAINED EARNINGS................ - 2,001 (2,001) -
--------- ------------ ------------- ------------
BALANCE AT END OF PERIOD.......................... $ (3,485) $ - $ - $ (3,485)
========= ============ ============= ============
-35-