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, 1999, 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, 1999, Enogex had six wholly-owned active subsidiaries: Enogex Products Corporation, OGE Energy Resources Inc., Enogex Exploration Corporation, Enogex Arkansas Pipeline Corporation, Enogex Gas Gathering LLC and Transok Holding, LLC. At December 31, 1999, Enogex Products Corporation owned one hundred percent interests in the Belvan Corp., the Belvan partnership and the Todd Ranch partnership, and an eighty percent interest in the NuStar Joint Venture. Enogex Arkansas Pipeline Corporation owned a seventy-five percent interest in the NOARK Pipeline System LP. The NOARK Pipeline System LP owned one hundred percent interests in the Ozark Gas Transmission LLC, the AWP LLC, the NOARK 1
Energy Services LLC, the Ozark Gas Gathering LLC and the NOARK Pipeline Finance LLC. Transok Holding, LLCowned a one hundred percent interest in the Transok LLC. Transok LLC owned one hundred percent interests in the Transok Gas Gathering LLC, Transok Gas Processing LLC and Transok Gas LLC. Enogex and each of its subsidiaries were incorporated under the laws of the State of Oklahoma. 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 are engaged in the drilling for and production of crude oil and natural gas. 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, 1999, Origen had one wholly-owned active subsidiary: OGE Energy Technologies. During 1999, Origen discontinued operations of its two subsidiaries, Geothermal Design and Engineering, Inc. ("GD&E") and GT Co. Origen and each of its subsidiaries 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 23,842,157,000 3,153,599,000 20,688,558,000 Revenue by OG&E $ 1,286,844,244 $ 124,418,142 $ 1,162,426,102 (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 2,421,656,000 2,421,656,000 Revenue by OG&E $ 99,819,723 $ 99,819,723 2
(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 992,559,000 631,971,000 360,588,000 Revenue by OG&E $ 47,269,560 $ 19,933,276 $ 27,336,284 (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 355,263,000 2,050,000 353,213,000 Revenue by OG&E $ 15,748,095 $ 51,038 $ 15,697,060 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, 1999, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company. 3
EXHIBITS A. Consolidating Statement of Income and Retained Earnings for the year ended December 31, 1999, and Consolidating Balance Sheet as of December 31, 1999, for OGE Energy Corp. (the "Company") and its subsidiary companies. B. Financial Data Schedule. C. An organizational chart showing the relationship of each EWG or foreign utility company to associate companies in the holding-company system. Exhibit C is not applicable. At December 31, 1999, the Company did not hold directly or indirectly any interest in an EWG or a foreign utility company. 4
The above-named claimant has caused this statement to be duly executed on its behalf by its authorized officer on this 28th day of February 2000. 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 - -------------------------------------------------- 5
EXHIBIT INDEX Exhibit Description A. Consolidating Statement of Income and Retained Earnings for the year ended December 31, 1999, and Consolidating Balance Sheet as of December 31, 1999, for OGE Energy Corp. (the "Company") and its subsidiary companies. B. Financial Data Schedule. 6
Exhibit A OGE Energy Corp. Consolidating Statement of Income Year Ended December 31, 1999 OGE Oklahoma Gas (dollars in thousands except per share data) Energy and Electric Enogex Origen OGE Corp. Company Inc. Inc. Capital Trust ----------- ------------- ----------- -------- ------------- OPERATING REVENUES................................ $ - $ 1,286,844 $1,086,027 $ 78 $ - OPERATING EXPENSES: Fuel............................................ - 350,814 - - - Purchased power................................. - 249,203 - - - Gas and electricity purchased for resale........ - - 831,309 - - Other operation and maintenance................. (6,171) 253,312 132,556 2,538 - Depreciation.................................... 4,326 119,059 41,633 23 - Taxes other than income......................... 1,845 44,892 9,417 28 - ----------- ------------- ----------- -------- ------------- Total operating expenses...................... - 1,017,280 1,014,915 2,589 - ----------- ------------- ----------- -------- ------------- OPERATING INCOME.................................. - 269,564 71,112 (2,511) - OTHER INCOME (EXPENSES): Interest charges................................ (17,232) (45,939) (42,463) (89) (3,357) Other, net...................................... 5,648 381 2,848 (116) 3,357 Income from subsidiaries........................ 159,074 - - - - ----------- ------------- ----------- -------- ------------- Total other income (expenses).. .............. 147,490 (45,558) (39,615) (205) - ----------- ------------- ----------- -------- ------------- EARNINGS BEFORE INCOME TAXES...................... 147,490 224,006 31,497 (2,716) - PROVISION (BENEFIT) FOR INCOME TAXES.............. (3,769) 84,965 9,834 (1,086) - ----------- ------------- ----------- -------- ------------- NET INCOME (LOSS)................................. $ 151,259 $ 139,041 $ 21,663 $(1,630) $ - =========== ============= =========== ======== ============= AVERAGE COMMON SHARES OUTSTANDING (thousands)......................... 77,916 EARNINGS PER AVERAGE COMMON SHARE.................................... $ 1.94 OGE Consolidating Consolidated Adjustments Statements ------------- ------------- OPERATING REVENUES................................ $ (200,515) $ 2,172,434 OPERATING EXPENSES: Fuel............................................ (41,487) 309,327 Purchased power................................. - 249,203 Gas and electricity purchased for resale........ (159,028) 672,281 Other operation and maintenance................. - 382,235 Depreciation.................................... - 165,041 Taxes other than income......................... - 56,182 ------------- ------------- Total operating expenses...................... (200,515) 1,834,269 ------------- ------------- OPERATING INCOME.................................. - 338,165 OTHER INCOME (EXPENSES): Interest charges................................ 8,801 (100,279) Other, net...................................... (8,801) 3,317 Income from subsidiaries........................ (159,074) - ------------- ------------- Total other income (expenses).. .............. (159,074) (96,962) ------------- ------------- EARNINGS BEFORE INCOME TAXES...................... (159,074) 241,203 PROVISION (BENEFIT) FOR INCOME TAXES.............. - 89,944 ------------- ------------- NET INCOME (LOSS)................................. $ (159,074) $ 151,259 ============= ============= AVERAGE COMMON SHARES OUTSTANDING (thousands)......................... 77,916 EARNINGS PER AVERAGE COMMON SHARE.................................... $ 1.94 -7-
Exhibit A OGE Energy Corp. Consolidating Statement of Retained Earnings Year Ended December 31, 1999 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.................... $ 529,768 $ 341,125 $ 20,601 $(1,914) $ - $ (359,812) ADD - net income (loss)........................... 151,259 139,041 21,663 (1,630) - (159,074) ----------- ------------- ---------- -------- ------------- ------------- Total......................................... 681,027 480,166 42,264 (3,544) - (518,886) OTHER CHARGES TO RETAINED EARNINGS................ - - - 18 - (18) DEDUCT: Cash dividends declared on common stock............................... 103,495 103,475 2,550 - - (106,025) ----------- ------------- ---------- -------- ------------- ------------- BALANCE AT END OF PERIOD.......................... $ 577,532 $ 376,691 $ 39,714 $(3,526) $ - $ (412,879) =========== ============= ========== ======== ============= ============= OGE (dollars in thousands) Consolidated Statements ------------ BALANCE AT BEGINNING OF PERIOD.................... $ 529,768 ADD - net income (loss)........................... 151,259 ------------ Total......................................... 681,027 OTHER CHARGES TO RETAINED EARNINGS................ - DEDUCT: Cash dividends declared on common stock............................... 103,495 ------------ BALANCE AT END OF PERIOD.......................... $ 577,532 ============ -8-
Exhibit A OGE Energy Corp. Consolidating Balance Sheet December 31, 1999 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................ $ - $ 1,779 $ 5,441 $ 51 $ - $ - Accounts receivable - customers, less reserve of $5,270................. - 96,212 167,496 - - - Accounts receivable - affiliates......... 469,529 - 6,997 - 209,548 (686,074) Accrued utility revenues................. - 40,200 - - - - Accounts receivable-other................ - 8,074 2,344 44 - - Fuel inventories, at LIFO cost........... - 75,465 41,720 - - - Materials and supplies, at average cost.. 2,085 30,311 6,798 - - - Prepayments and other.................... 3,451 3,100 10,360 - - - Accumulated deferred tax assets.......... 101 7,681 947 - - - ----------- ------------- ----------- -------- ------------- ------------- Total current assets................... 475,166 262,822 242,103 95 209,548 (686,074) OTHER PROPERTY AND INVESTMENTS, at cost.... 1,336,368 12,731 2,521 2,577 - (1,323,185) PROPERTY, PLANT & EQUIPMENT: In service............................... 35,596 3,747,690 1,426,497 - - - Construction work in progress............ 24,107 15,575 16,871 - - - ----------- ------------- ----------- -------- ------------- ------------- Total property, plant and equipment.... 59,703 3,763,265 1,443,368 - - - Less accumulated depreciation........ 6,348 1,810,898 207,103 - - - ----------- ------------- ----------- -------- ------------- ------------- Net property, plant and equipment........ 53,355 1,952,367 1,236,265 - - - DEFERRED CHARGES: Advance payments for gas................. - 11,800 - - - - Income taxes recoverable through future rates........................... - 39,692 - - - - Other.................................... 9,376 41,248 42,559 - - - ----------- ------------- ----------- -------- ------------- ------------- Total deferred charges................. 9,376 92,740 42,559 - - - ----------- ------------- ----------- -------- ------------- ------------- TOTAL ASSETS............................... $1,874,265 $ 2,320,660 $1,523,448 $ 2,672 $ 209,548 $ (2,009,259) =========== ============= =========== ======== ============= ============= OGE (dollars in thousands) Consolidated Statements ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents................ $ 7,271 Accounts receivable - customers, less reserve of $5,270................. 263,708 Accounts receivable - affiliates......... - Accrued utility revenues................. 40,200 Accounts receivable-other................ 10,462 Fuel inventories, at LIFO cost........... 117,185 Materials and supplies, at average cost.. 39,194 Prepayments and other.................... 16,911 Accumulated deferred tax assets.......... 8,729 ------------ Total current assets................... 503,660 OTHER PROPERTY AND INVESTMENTS, at cost.... 31,012 PROPERTY, PLANT & EQUIPMENT: In service............................... 5,209,783 Construction work in progress............ 56,553 ------------ Total property, plant and equipment.... 5,266,336 Less accumulated depreciation........ 2,024,349 ------------ Net property, plant and equipment........ 3,241,987 DEFERRED CHARGES: Advance payments for gas................. 11,800 Income taxes recoverable through future rates........................... 39,692 Other.................................... 93,183 ------------ Total deferred charges................. 144,675 ------------ TOTAL ASSETS............................... $ 3,921,334 ============ -9-
Exhibit A OGE Energy Corp. Consolidating Balance Sheet December 31, 1999 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................................. $ 589,100 $ - $ - $ - $ - $ - Accounts payable - affiliates................... 210,254 75,674 398,961 1,185 - (686,074) Accounts payable - other........................ 2,674 36,231 122,278 - - - Dividends payable............................... 25,889 - - - - - Customers' deposits............................. - 22,137 1 - - - Accrued taxes................................... 15,711 19,545 5,959 - - - Accrued interest................................ 938 14,573 9,322 - 3,358 - Long-term debt due within one year.............. - 110,000 59,000 - - - Other........................................... 4,794 20,893 14,374 84 - - ----------- ------------- ----------- -------- ------------- ------------- Total current liabilities..................... 849,360 299,053 609,895 1,269 3,358 (686,074) LONG-TERM DEBT.................................... - 593,045 347,487 - 200,000 - DEFERRED CREDITS AND OTHER LIABILITIES: Accrued pension and benefit obligation ......... (286) 14,886 2,086 - - - Accumulated deferred income taxes............... 2,786 450,028 113,395 (72) - Accumulated deferred investment tax credits..... - 62,578 - - - - Other........................................... 3,026 11,933 24,202 - - - ----------- ------------- ----------- -------- ------------- ------------- Total deferred credits and other liabilities.. 5,526 539,425 139,683 (72) - - STOCKHOLDERS' EQUITY: Common stockholders' equity..................... 441,847 512,446 386,669 5,001 6,190 (910,306) Retained earnings............................... 577,532 376,691 39,714 (3,526) - (412,879) ----------- ------------- ----------- -------- ------------- ------------- Total stockholders' equity.................... 1,019,379 889,137 426,383 1,475 6,190 (1,323,185) ----------- ------------- ----------- -------- ------------- ------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $1,874,265 $ 2,320,660 $1,523,448 $ 2,672 $ 209,548 $ (2,009 259) =========== ============= =========== ======== ============= ============= OGE (dollars in thousands) Consolidated Statements ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Short-term debt................................. $ 589,100 Accounts payable - affiliates................... - Accounts payable - other........................ 161,183 Dividends payable............................... 25,889 Customers' deposits............................. 22,138 Accrued taxes................................... 41,215 Accrued interest................................ 28,191 Long-term debt due within one year.............. 169,000 Other........................................... 40,145 ------------ Total current liabilities..................... 1,076,861 LONG-TERM DEBT.................................... 1,140,532 DEFERRED CREDITS AND OTHER LIABILITIES: Accrued pension and benefit obligation ......... 16,686 Accumulated deferred income taxes............... 566,137 Accumulated deferred investment tax credits..... 62,578 Other........................................... 39,161 ------------ Total deferred credits and other liabilities.. 684,562 STOCKHOLDERS' EQUITY: Common stockholders' equity..................... 441,847 Retained earnings............................... 577,532 ------------ Total stockholders' equity.................... 1,019,379 ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 3,921 334 ============ -10-
Exhibit A Enogex Inc. Consolidating Statement of Income Year Ended December 31, 1999 Enogex OGE Enogex Enogex Enogex (dollars in thousands) Enogex Products Energy Exploration Arkansas Gas Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC --------- ----------- -------------- ----------- -------------- ------------- OPERATING REVENUES....................... $ 20,330 $ 70,472 $ 756,390 $ 25,557 $ 40,309 $ 76,630 OPERATING EXPENSES: Gas purchased for resale............... - 39,293 742,352 - 28,690 27,366 Other operation and maintenance........ 4,874 24,107 7,958 9,580 6,414 17,327 Depreciation........................... 7,571 3,835 1,550 7,306 2,679 8,649 Taxes other than income................ 1,660 787 289 40 1,157 387 --------- ----------- -------------- ----------- -------------- ------------- Total operating expenses............. 14,105 68,022 752,149 16,926 38,940 53,729 --------- ----------- -------------- ----------- -------------- ------------- OPERATING INCOME......................... 6,225 2,450 4,241 8,631 1,369 22,901 OTHER INCOME (EXPENSES): Interest charges....................... (16,278) (23) (359) - (5,889) (707) Other, net............................. 3 678 (516) 840 17 2,054 195 Income from subsidiaries............... 12,655 - - - - - --------- ----------- -------------- ----------- -------------- ------------- Total other income (expenses)........ 55 (539) 481 17 (3,835) (512) --------- ----------- -------------- ----------- -------------- ------------- EARNINGS BEFORE INCOME TAXES............. 6,280 1,911 4,722 8,648 (2,466) 22,389 PROVISION (BENEFIT) FOR INCOME TAXES..... (1,566) 379 1,842 629 (1,123) 8,609 --------- ----------- -------------- ----------- -------------- ------------- NET INCOME (LOSS)........................ $ 7,846 $ 1,532 $ 2,880 $ 8,019 $ (1,343) $ 13,780 ========= =========== ============== =========== ============== ============= Transok Enogex (dollars in thousands) Holding Consolidating Consolidated LLC Adjustments Statements ----------- ------------- ------------ OPERATING REVENUES....................... $ 274,948 $ (178,609) $ 1,086,027 OPERATING EXPENSES: Gas purchased for resale............... 173,346 (179,738) 831,309 Other operation and maintenance........ 62,298 (2) 132,556 Depreciation........................... 10,043 - 41,633 Taxes other than income................ 5,097 - 9,417 ----------- ------------- ------------ Total operating expenses............. 250,784 (179,740) 1,014,915 ----------- ------------- ------------ OPERATING INCOME......................... 24,164 1,131 71,112 OTHER INCOME (EXPENSES): Interest charges....................... (22,318) 3,111 (42,463) Other, net............................. 764 (4,184) 2,848 Income from subsidiaries............... - (12,655) - ----------- ------------- ------------ Total other income (expenses)........ (21,554) (13,728) (39,615) ----------- ------------- ------------ EARNINGS BEFORE INCOME TAXES............. 2,610 (12,597) 31,497 PROVISION (BENEFIT) FOR INCOME TAXES..... 1,041 23 9,834 ----------- ------------- ------------ NET INCOME (LOSS)........................ $ 1,569 $ (12,620) $ 21,663 =========== ============= ============ -11-
Exhibit A Enogex Inc. Consolidating Statement of Retained Earnings Year Ended December 31, 1999 Enogex OGE Enogex Enogex Enogex (dollars in thousands) Enogex Products Energy Exploration Arkansas Gas Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC --------- ----------- -------------- ----------- -------------- ------------- BALANCE AT BEGINNING OF PERIOD........... $ 20,783 $ 5,418 $ 446 $ 10,598 $ (1,300) $ 8,815 ADD - net income (loss).................. 7,846 1,532 2,880 8,019 (1,343) 13,780 --------- ----------- -------------- ----------- -------------- ------------- Total................................ 28,629 6,950 3,326 18,617 (2,643) 22,595 DEDUCT: Cash dividends declared on common stock...................... 2,550 - - - - - --------- ----------- -------------- ----------- -------------- ------------- BALANCE AT END OF PERIOD................. $ 26,079 $ 6,950 $ 3,226 $ 18,617 $ (2,643) $ 22,595 ========= =========== ============== =========== ============== ============= Transok Enogex (dollars in thousands) Holding Consolidating Consolidated LLC Adjustments Statements ----------- ------------- ------------ BALANCE AT BEGINNING OF PERIOD........... $ - $ (24,159) $ 20,601 ADD - net income (loss).................. 1,569 (12,620) 21,663 ----------- ------------- ------------ Total................................ 1,569 (36,779) 42,264 DEDUCT: Cash dividends declared on common stock...................... - - 2,550 ----------- ------------- ------------ BALANCE AT END OF PERIOD................. $ 1,569 $ (36,779) $ 39,714 =========== ============= ============ -12-
Exhibit A Enogex Inc. Consolidating Balance Sheet December 31, 1999 Enogex OGE Enogex Enogex Enogex (dollars in thousands) Enogex Products Energy Exploration Arkansas Gas Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC --------- ----------- -------------- ----------- -------------- ------------- ASSETS CURRENT ASSETS: Cash and cash equivalents.............. $ - $ 3,743 $ 7,436 $ - $ 2,184 $ - Accounts receivable - customers, less reserve of $1,865............... 2,474 10,665 83,783 3,786 3,158 1,598 Accounts receivable - affiliates....... 703,660 - 29,660 - 932 3,764 Accounts receivable-other.............. 241 201 - - 756 (4) Fuel inventories, at LIFO cost......... 11,424 2,035 9,536 - - - Materials and supplies, at average cost......................... 2,979 258 - 15 579 - Prepayments and other.................. 1,109 574 2,792 393 34 - Accumulated deferred tax assets........ 597 38 236 76 - - --------- ----------- -------------- ----------- -------------- ------------- Total current assets................. 722,484 17,514 133,443 4,270 7,643 5,358 OTHER PROPERTY AND INVESTMENTS, at cost.. 61,693 - 49 64 - - PROPERTY, PLANT & EQUIPMENT: In service............................. 198,012 77,441 2,891 95,754 144,866 204,264 Construction work in progress.......... 1,290 769 48 - 1,005 3,061 --------- ----------- -------------- ----------- -------------- ------------- Total property, plant and equipment.. 199,302 78,210 2,939 95,754 145 871 207,325 Less accumulated depreciation...... 73,007 12,354 443 37,728 4,219 69,254 --------- ----------- -------------- ----------- -------------- ------------- Net property, plant and equipment...... 126,295 65,856 2,496 58,026 141,652 138,071 DEFERRED CHARGES 1,081 4,957 4,541 265 10,866 6,726 --------- ----------- -------------- ----------- -------------- ------------- TOTAL ASSETS............................. $911,553 $ 88,327 $ 140,529 $ 62,625 $ 160,161 $ 150,155 ========= =========== ============== =========== ============== ============= Transok Enogex (dollars in thousands) Holding Consolidating Consolidated LLC Adjustments Statements ----------- ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents.............. $ - $ (7,922) $ 5,441 Accounts receivable - customers, less reserve of $1,865............... 62,032 - 167,496 Accounts receivable - affiliates....... - (731,019) 6,997 Accounts receivable-other.............. 1,150 - 2,344 Fuel inventories, at LIFO cost......... 18,725 - 41,720 Materials and supplies, at average cost......................... 2,967 - 6,798 Prepayments and other.................. 5,458 - 10,360 Accumulated deferred tax assets........ - - 947 ----------- ------------- ------------ Total current assets................. 90,332 (738,941) 242,103 OTHER PROPERTY AND INVESTMENTS, at cost.. - (59,285) 2,521 PROPERTY, PLANT & EQUIPMENT: In service............................. 703,269 - 1,426,497 Construction work in progress.......... 10,698 - 16,871 ----------- ------------- ------------ Total property, plant and equipment.. 713,967 - 1,443,368 Less accumulated depreciation...... 10,098 - 207,103 ----------- ------------- ------------ Net property, plant and equipment...... 703,869 - 1,236,265 DEFERRED CHARGES 14,207 (84) 42,559 ----------- ------------- ------------ TOTAL ASSETS............................. $ 808,408 $ (798,310) $ 1,523,448 =========== ============= ============ -13-
Exhibit A Enogex Inc. Consolidating Balance Sheet December 31, 1999 Enogex OGE Enogex Enogex Enogex (dollars in thousands) Enogex Products Energy Exploration Arkansas Gas Inc. Corporation Resources Inc. Corporation Pipeline Corp. Gathering LLC --------- ----------- -------------- ----------- -------------- ------------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates.......... $358,972 $ 52,558 $ 41,420 $ 19,737 $ 69,960 $ 37,424 Accounts payable - other............... 3,460 6,912 79,693 599 3,953 441 Customers' deposits.................... 1 - - - - - Accrued taxes.......................... 687 501 79 12 111 348 Accrued interest....................... 4,412 - - - 459 - Long-term debt due within one year..... 57,000 - - - 2,000 - Other.................................. 4,735 1,759 622 517 - 318 --------- ----------- -------------- ----------- -------------- ------------- Total current liabilities............ 429,267 61,730 121,814 20,865 76,483 38,531 LONG-TERM DEBT........................... 93,000 - - - 81,487 - DEFERRED CREDITS AND OTHER LIABILITIES: Accrued pension and benefit obligation. 1,928 - 105 - - - Accumulated deferred income taxes...... 61,457 7,542 168 10,392 4,797 - Other.................................. 9,751 8,392 115 - 36 1,492 --------- ----------- -------------- ----------- -------------- ------------- Total deferred credits and other liabilities........................ 73,136 15,934 388 10,392 4,833 1,492 STOCKHOLDERS' EQUITY: Common stockholders' equity............ 290,171 3,713 15,001 12,751 1 87,537 Retained earnings...................... 26,079 6,950 3,326 18,617 (2,643) 22,595 --------- ----------- -------------- ----------- -------------- ------------- Total stockholders' equity........... 316,250 10,663 18,327 31,368 (2,642) 110,132 --------- ----------- -------------- ----------- -------------- ------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.................................. $911,553 $ 88,327 $ 140,529 $ 62,625 $ 160,161 $ 150,155 ========= =========== ============== =========== ============== ============= Transok Enogex (dollars in thousands) Holding Consolidating Consolidated LLC Adjustments Statements ----------- ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates.......... $ 542,507 $ (723,517) $ 398,961 Accounts payable - other............... 27,220 - 122,278 Customers' deposits.................... - - 1 Accrued taxes.......................... 4,221 - 5,959 Accrued interest....................... 4,451 - 9,322 Long-term debt due within one year..... - - 59,000 Other.................................. 21,848 (15,425) 14,374 ----------- ------------- ------------ Total current liabilities............ 600,247 (738,942) 609,895 LONG-TERM DEBT........................... 173,000 - 347,487 DEFERRED CREDITS AND OTHER LIABILITIES: Accrued pension and benefit obligation. 53 - 2,086 Accumulated deferred income taxes...... 29,039 - 113,395 Other.................................. 4,500 (84) 24,202 ----------- ------------- ------------ Total deferred credits and other liabilities........................ 33,592 (84) 139,683 STOCKHOLDERS' EQUITY: Common stockholders' equity............ - (22,505) 386,669 Retained earnings...................... 1,569 (36,779) 39,714 ----------- ------------- ------------ Total stockholders' equity........... 1,569 (59,284) 426,383 ----------- ------------- ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY.................................. $ 808,408 $ (798,310) $ 1,523,448 =========== ============= ============ -14-
Exhibit A Enogex Products Corporation Consolidating Statement of Income Year Ended December 31, 1999 Enogex Todd NuStar (dollars in thousands) Products Belvan Belvan Ranch Joint Corporation Corporation Partners LP Partners LP Venture ----------- ----------- ----------- ----------- --------- OPERATING REVENUES................................ $ 29,228 $ - $ 8,936 $ 2,850 $ 31,032 OPERATING EXPENSES: Gas purchased for resale........................ 12,271 - 7,542 1,341 19,713 Other operation and maintenance................. 18,800 234 1,139 180 3,995 Depreciation.................................... 1,159 20 523 216 1,917 Taxes other than income......................... 344 7 94 6 336 ----------- ----------- ----------- ----------- --------- Total operating expenses...................... 32,574 261 9,298 1,743 25,961 ----------- ----------- ----------- ----------- --------- OPERATING INCOME.................................. (3,346) (261) (362) 1,107 5,071 OTHER INCOME (EXPENSES): Interest charges................................ - - - - (23) Other, net...................................... (33) 31 263 111 452 Income from subsidiaries........................ 5,290 - - - - ----------- ----------- ----------- ----------- --------- Total other income (expenses)................. 5,257 31 263 111 429 EARNINGS BEFORE INCOME TAXES...................... 1,911 (230) (99) 1,218 5,500 PROVISIONS FOR INCOME TAXES....................... 379 - - - - ----------- ----------- ----------- ----------- --------- NET INCOME (LOSS)................................. $ 1,532 $ (230) $ (99) $ 1,218 $ 5,500 =========== =========== =========== =========== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ OPERATING REVENUES................................ $ (1,574) $ 70,472 OPERATING EXPENSES: Gas purchased for resale........................ (1,574) 39,293 Other operation and maintenance................. (241) 24,107 Depreciation.................................... - 3,835 Taxes other than income......................... - 787 ------------- ------------ Total operating expenses...................... (1,815) 68,022 ------------- ------------ OPERATING INCOME.................................. 241 2,450 OTHER INCOME (EXPENSES): Interest charges................................ - (23) Other, net...................................... (1,340) (516) Income from subsidiaries........................ (5,290) - ------------- ------------ Total other income (expenses)................. (6,630) (539) EARNINGS BEFORE INCOME TAXES...................... (6,389) 1,911 PROVISION FOR INCOME TAXES........................ - 379 ------------- ------------ NET INCOME (LOSS)................................. $ (6,389) $ 1,532 ============= ============ -15-
Exhibit A Enogex Products Corporation Consolidating Statement of Retained Earnings Year Ended December 31, 1999 Enogex Todd NuStar (dollars in thousands) Products Belvan Belvan Ranch Joint Corporation Corporation Partners LP Partners LP Venture ----------- ----------- ----------- ----------- --------- BALANCE AT BEGINNING OF PERIOD.................... $ 5,418 $ (134) $ 36 $ 14 $ 3,394 ADD - net income (loss)........................... 1,532 (230) (99) 1,218 5,500 ----------- ----------- ----------- ----------- --------- BALANCE AT END OF PERIOD.......................... $ 6,950 $ (364) $ (63) $ 1,232 $ 8,894 =========== =========== =========== =========== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ BALANCE AT BEGINNING OF PERIOD.................... $ (3,310) $ 5,418 ADD - net income (loss)........................... (6,389) 1,532 ------------- ------------ BALANCE AT END OF PERIOD.......................... $ (9,699) $ 6,950 ============= ============ -16-
Exhibit A Enogex Products Corporation Consolidating Balance Sheet December 31, 1999 Enogex Todd NuStar (dollars in thousands) Products Belvan Belvan Ranch Joint Corporation Corporation Partners LP Partners LP Venture ----------- ----------- ----------- ----------- --------- ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ - $ 830 $ - $ - $ 3,614 Accounts receivable - customers, less reserve of $500.......................... 4,364 1,836 - - 4,465 Accounts receivable - affiliates................ - - - 1,830 - Accounts receivable-other....................... 198 1 1 1 - Fuel inventories, at LIFO cost.................. 2,035 - - - - Materials and supplies, at average cost......... - - - - 258 Prepayments and other........................... 572 - - - 2 Accumulated deferred tax assets................. 38 - - - - ----------- ----------- ----------- ----------- --------- Total current assets.......................... 7,207 2,667 1 1,831 8,339 OTHER PROPERTY AND INVESTMENTS, at cost........... 47,475 135 - - - PROPERTY, PLANT & EQUIPMENT: In service...................................... 23,244 70 10,915 1,769 41,443 Construction work in progress................... 99 - 263 2 405 ----------- ----------- ----------- ----------- --------- Total property, plant and equipment........... 23,343 70 11,178 1,771 41,848 Less accumulated depreciation............... 6,913 21 755 121 4,544 ----------- ----------- ----------- ----------- --------- Net property, plant and equipment............... 16,430 49 10,423 1,650 37,304 DEFERRED CHARGES.................................. 1,797 252 23 1,947 938 ----------- ----------- ----------- ----------- --------- TOTAL ASSETS...................................... $ 72,909 $ 3,103 $ 10,447 $ 5,428 $ 46,581 =========== =========== =========== =========== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ (701) $ 3,743 Accounts receivable - customers, less reserve of $500.......................... - 10,665 Accounts receivable - affiliates................ (1,830) - Accounts receivable-other....................... - 201 Fuel inventories, at LIFO cost.................. - 2,035 Materials and supplies, at average cost......... - 258 Prepayments and other........................... - 574 Accumulated deferred tax assets................. - 38 ------------- ----------- Total current assets.......................... (2,531) 17,514 OTHER PROPERTY AND INVESTMENTS, at cost........... (47,610) - PROPERTY, PLANT & EQUIPMENT: In service...................................... - 77,441 Construction work in progress................... - 769 ------------- ----------- Total property, plant and equipment........... - 78,210 Less accumulated depreciation............... - 12,354 ------------- ----------- Net property, plant and equipment............... - 65,856 DEFERRED CHARGES.................................. - 4,957 ------------- ----------- TOTAL ASSETS...................................... $ (50,141) $ 88,327 ============= =========== -17-
Exhibit A Enogex Products Corporation Consolidating Balance Sheet December 31, 1999 Enogex Todd NuStar (dollars in thousands) Products Belvan Belvan Ranch Joint Corporation Corporation Partners LP Partners LP Venture ----------- ----------- ----------- ----------- --------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ 51,262 $ 1,296 $ - $ - $ - Accounts payable - other........................ 1,421 911 - - 4,580 Accrued taxes................................... 91 1 83 2 324 Other........................................... 1,877 866 1,006 34 509 ----------- ----------- ----------- ----------- --------- Total current liabilities..................... 54,651 3,074 1,089 36 5,413 DEFERRED CREDITS AND OTHER LIABILITIES: Accumulated deferred income taxes............... 7,542 - - - - Other........................................... 53 79 21 4 - ----------- ----------- ----------- ----------- --------- Total deferred credits and other liabilities.. 7,595 79 21 4 - STOCKHOLDERS' EQUITY: Common stockholders' equity..................... 3,713 314 9,400 4,156 32,274 Retained earnings............................... 6,950 (364) (63) 1,232 8,894 ----------- ----------- ----------- ----------- --------- Total stockholders' equity.................... 10,663 (50) 9,337 5,388 41,168 ----------- ----------- ----------- ----------- --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 72,909 $ 3,103 $ 10,447 $ 5,428 $ 46,581 =========== =========== =========== =========== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ - $ 52,558 Accounts payable - other........................ - 6,912 Accrued taxes................................... - 501 Other........................................... (2,533) 1,759 ------------- ------------ Total current liabilities..................... (2,533) 61,730 DEFERRED CREDITS AND OTHER LIABILITIES: Accumulated deferred income taxes............... - 7,542 Other........................................... 8,235 8,392 ------------- ------------ Total deferred credits and other liabilities.. 8,235 15,934 STOCKHOLDERS' EQUITY: Common stockholders' equity..................... (46,144) 3,713 Retained earnings............................... (9,699) 6,950 ------------- ------------ Total stockholders' equity.................... (55,843) 10,663 ------------- ------------ TOTAL CAPITALIZATION AND LIABILITIES.............. $ (50,141) $ 88,327 ============= ============ -18-
Exhibit A Enogex Arkansas Pipeline Corporation Consolidating Statement of Income Year Ended December 31, 1999 Enogex NOARK (dollars in thousands) Arkansas Pipeline Consolidating Consolidated Pipeline Corp. System LP Adjustments Statements -------------- --------- ------------- ------------ OPERATING REVENUES................................ $ - $ 40,309 $ - $ 40,309 OPERATING EXPENSES: Gas purchased for resale........................ - 28,690 - 28,690 Other operation and maintenance................. 1,660 4,754 - 6,414 Depreciation.................................... 198 3,063 (582) 2,679 Taxes other than income......................... - 1,157 - 1,157 -------------- --------- ------------- ------------ Total operating expenses...................... 1,858 37,664 (582) 38,940 -------------- --------- ------------- ------------ OPERATING INCOME.................................. (1,858) 2,645 582 1,369 OTHER INCOME (EXPENSES): Interest charges................................ (425) (6,259) 795 (5,889) Other, net...................................... 365 49 1,640 2,054 Income from subsidiaries........................ (1,447) - 1,447 - -------------- --------- ------------- ------------ Total other income (expenses)................. (1,507) (6,210) 3,882 (3,835) EARNINGS BEFORE INCOME TAXES...................... (3,365) (3,565) 4,464 (2,466) BENEFIT FOR INCOME TAXES.......................... (1,123) - - (1,123) -------------- --------- ------------- ------------ NET INCOME (LOSS)................................. $ (2,242) $ (3,565) $ 4,464 $ (1,343) ============== ========= ============= ============ -19-
Exhibit A Enogex Arkansas Pipeline Corporation Consolidating Statement of Retained Earnings Year Ended December 31, 1999 Enogex NOARK (dollars in thousands) Arkansas Pipeline Consolidating Consolidated Pipeline Corp. System LP Adjustments Statements -------------- --------- ------------- ------------ BALANCE AT BEGINNING OF PERIOD.................... $ (1,300) $ (4,114) $ 4,114 $ (1,300) ADD - net income (loss)........................... (2,242) (3,565) 4,464 (1,343) -------------- --------- ------------- ------------ BALANCE AT END OF PERIOD.......................... $ (3,542) $ (7,679) $ 8,578 $ (2,643) ============== ========= ============= ============ -20-
Exhibit A Enogex Arkansas Pipeline Corporation Consolidating Balance Sheet December 31, 1999 Enogex NOARK (dollars in thousands) Arkansas Pipeline Consolidating Consolidated Pipeline Corp. System LP Adjustments Statements -------------- --------- ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ - $ 2,184 $ - $ 2,184 Accounts receivable - customers................. - 3,158 - 3,158 Accounts receivable - affiliates................ 2,725 1,101 (2,894) 932 Accounts receivable-other....................... 756 - - 756 Materials and supplies, at average cost......... - 579 - 579 Prepayments and other........................... - 34 - 34 -------------- --------- ------------- ------------ Total current assets.......................... 3,481 7,056 (2,894) 7,643 OTHER PROPERTY AND INVESTMENTS, at cost........... 72,952 - (72,952) - PROPERTY, PLANT & EQUIPMENT: In service...................................... 36 183,682 (38,852) 144,866 Construction work in progress................... - 1,005 - 1,005 -------------- --------- ------------- ------------ Total property, plant and equipment........... 36 184,687 (38,852) 145,871 Less accumulated depreciation............... 22 20,205 (16,008) 4,219 -------------- --------- ------------- ------------ Net property, plant and equipment............... 14 164,482 (22,844) 141,652 DEFERRED CHARGES.................................. - 13,713 (2,847) 10,866 -------------- --------- ------------- ------------ TOTAL ASSETS...................................... $ 76,447 $185,251 $ (101,537) $ 160,161 ============== ========= ============= ============ -21-
Exhibit A Enogex Arkansas Pipeline Corporation Consolidating Balance Sheet December 31, 1999 Enogex NOARK (dollars in thousands) Arkansas Pipeline Consolidating Consolidated Pipeline Corp. System LP Adjustments Statements -------------- --------- ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ 69,960 $ 2,894 $ (2,894) $ 69,960 Accounts payable - other........................ - 3,953 - 3,953 Accrued taxes................................... (960) 1,071 - 111 Accrued interest................................ - 459 - 459 Long-term debt due within one year.............. - 2,000 - 2,000 -------------- --------- ------------- ------------ Total current liabilities..................... 69,000 10,377 (2,894) 76,483 LONG-TERM DEBT.................................... 6,487 75,000 - 81,487 DEFERRED CREDITS AND OTHER LIABILITIES: Accumulated deferred income taxes............... 4,797 - - 4,797 Other........................................... - 36 - 36 -------------- --------- ------------- ------------ Total deferred credits and other liabilities.. 4,797 36 - 4,833 STOCKHOLDERS' EQUITY: Common stockholders' equity..................... (295) 107,517 (107,221) 1 Retained earnings............................... (3,542) (7,679) 8,578 (2,643) -------------- --------- ------------- ------------ Total stockholders' equity.................... (3,837) 99,838 (98,643) (2,642) -------------- --------- ------------- ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 76,447 $185,251 $ (101,537) $ 160,161 ============== ========= ============= ============ -22-
Exhibit A NOARK Pipeline System LP Consolidating Statement of Income Year Ended December 31, 1999 NOARK Ozark Gas NOARK Ozark Gas NOARK (dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline System LP LLC LLC Services LLC LLC Finance LLC ----------- ------------ ------------- ------------ --------- ----------- OPERATING REVENUES................................ $ - $ 19,992 $ 463 $ 29,702 $ 24,908 $ - OPERATING EXPENSES: Gas purchased for resale........................ - 244 - 40,757 22,445 - Other operation and maintenance................. 563 3,812 50 1 328 - Depreciation.................................... - 2,810 98 - 155 - Taxes other than income......................... 9 1,138 (4) - 14 - ----------- ------------ ------------- ------------ --------- ----------- Total operating expenses...................... 572 8,004 144 40,758 22,942 - ----------- ------------ ------------- ------------ --------- ----------- OPERATING INCOME.................................. (572) 11,988 319 (11,056) 1,966 - OTHER INCOME (EXPENSES): Interest charges................................ (5,713) (543) (3) - - (5,601) Other, net...................................... 38 9 - - 2 5,601 Income from subsidiaries........................ 2,682 - - - - - ----------- ------------ ------------- ------------ --------- ----------- Total other income (expenses)................. (2,993) (534) (3) - 2 - ----------- ------------ ------------- ------------ --------- ----------- NET INCOME (LOSS)................................. $ (3,565) $ 11,454 $ 316 $ (11,056) $ 1,968 $ - =========== ============ ============= ============ ========= =========== (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ OPERATING REVENUES................................ $ (34,756) $ 40,309 OPERATING EXPENSES: Gas purchased for resale........................ (34,756) 28,690 Other operation and maintenance................. - 4,754 Depreciation.................................... - 3,063 Taxes other than income......................... - 1,157 ------------- ------------ Total operating expenses...................... (34,756) 37,664 ------------- ------------ OPERATING INCOME.................................. - 2,645 OTHER INCOME (EXPENSES): Interest charges................................ 5,601 (6,259) Other, net...................................... (5,601) 49 Income from subsidiaries........................ (2,682) - ------------- ------------ Total other income (expenses)................. (2,682) (6,210) ------------- ------------ NET INCOME (LOSS)................................. $ (2,682) $ (3,565) ============= ============ -23-
Exhibit A NOARK Pipeline System LP Consolidating Statement of Retained Earnings Year Ended December 31, 1999 NOARK Ozark Gas NOARK Ozark Gas NOARK (dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline System LP LLC LLC Services LLC LLC Finance LLC ----------- ------------ ------------- ------------ --------- ----------- BALANCE AT BEGINNING OF PERIOD.................... $ (4,114) $ 3,717 $ 85 $ (1,932) $ 593 $ - ADD - net income (loss)........................... (3,565) 11,454 316 (11,056) 1,968 - ----------- ------------ ------------- ------------ --------- ----------- BALANCE AT END OF PERIOD.......................... $ (7,679) $ 15,171 $ 401 $ (12,988) $ 2,561 $ - =========== ============ ============= ============ ========= =========== (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ BALANCE AT BEGINNING OF PERIOD.................... $ (2,463) $ (4,114) ADD - net income (loss)........................... (2,682) (3,565) ------------- ------------ BALANCE AT END OF PERIOD.......................... $ (5,145) $ (7,679) ============= ============ -24-
Exhibit A NOARK Pipeline System LP Consolidating Balance Sheet December 31, 1999 NOARK Ozark Gas NOARK Ozark Gas NOARK (dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline System LP LLC LLC Services LLC LLC Finance LLC ----------- ------------ ------------- ------------ --------- ----------- ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ 3,492 $ 22 $ - $ - $ - $ - Accounts receivable - customers................. 139 2,254 - 400 365 - Accounts receivable - affiliates................ - 16,447 599 - 1,566 459 Materials and supplies, at average cost......... - 579 - - - - Prepayments and other........................... - 34 - - - 2,000 ----------- ------------ ------------- ------------ --------- ----------- Total current assets.......................... 3,631 19,336 599 400 1,931 2,459 OTHER PROPERTY AND INVESTMENTS, at cost........... 179,677 - - - - - PROPERTY, PLANT & EQUIPMENT: In service...................................... - 176,146 2,452 - 5,084 - Construction work in progress................... - 376 58 - 571 - ----------- ------------ ------------- ------------ --------- ----------- Total property, plant and equipment........... - 176,522 2,510 - 5,655 - Less accumulated depreciation............... - 19,125 624 - 456 - ----------- ------------ ------------- ------------ --------- ----------- Net property, plant and equipment............... - 157,397 1,886 - 5,199 - DEFERRED CHARGES.................................. 2,090 10,758 20 845 - 75,000 ----------- ------------ ------------- ------------ --------- ----------- TOTAL ASSETS...................................... $ 185,398 $ 187,491 $ 2,505 $ 1,245 $ 7,130 $ 77,459 =========== ============ ============= ============ ========= =========== (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ (1,330) $ 2,184 Accounts receivable - customers................. - 3,158 Accounts receivable - affiliates................ (17,970) 1,101 Materials and supplies, at average cost......... - 579 Prepayments and other........................... (2,000) 34 ------------- ------------ Total current assets.......................... (21,300) 7,056 OTHER PROPERTY AND INVESTMENTS, at cost........... (179,677) - PROPERTY, PLANT & EQUIPMENT: In service...................................... - 183,682 Construction work in progress................... - 1,005 ------------- ------------ Total property, plant and equipment........... - 184,687 Less accumulated depreciation............... - 20,205 ------------- ------------ Net property, plant and equipment............... - 164,482 DEFERRED CHARGES.................................. (75,000) 13,713 ------------- ------------ TOTAL ASSETS...................................... $ (275,977) $ 185,251 ============= ============ -25-
Exhibit A NOARK Pipeline System LP Consolidating Balance Sheet Ended December 31, 1999 NOARK Ozark Gas NOARK Ozark Gas NOARK (dollars in thousands) Pipeline Transmission AWP Energy Gathering Pipeline System LP LLC LLC Services LLC LLC Finance LLC ----------- ------------ ------------- ------------ --------- ----------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ 7,664 $ - $ - $ 9,074 $ 2,259 $ - Accounts payable - other........................ 10 736 78 4,172 (1,043) - Accrued taxes................................... - 1,063 1 - 7 - Accrued interest................................ 459 - - - - 458 Long-term debt due within one year.............. 2,000 - - - - 2,000 Other........................................... 428 - 31 951 1,328 - ----------- ------------ ------------- ------------ --------- ----------- Total current liabilities..................... 10,561 1,799 110 14,197 2,551 2,458 LONG-TERM DEBT.................................... 75,000 - - - - 75,000 OTHER LIABILITIES................................. - - - 36 - - STOCKHOLDERS' EQUITY: Common stockholders' equity..................... 107,516 170,521 1,994 - 2,018 1 Retained earnings............................... (7,679) 15,171 401 (12,988) 2,561 - ----------- ------------ ------------- ------------ --------- ----------- Total stockholders' equity.................... 99,837 185,692 2,395 (12,988) 4,579 1 ----------- ------------ ------------- ------------ --------- ----------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 185,398 $ 187,491 $ 2,505 $ 1,245 $ 7,130 $ 77,459 =========== ============ ============= ============ ========= =========== (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ (16,103) $ 2,894 Accounts payable - other........................ - 3,953 Accrued taxes................................... - 1,071 Accrued interest................................ (458) 459 Long-term debt due within one year.............. (2,000) 2,000 Other........................................... (2,738) - ------------- ------------ Total current liabilities..................... (21,299) 10,377 LONG-TERM DEBT.................................... (75,000) 75,000 OTHER LIABILITIES................................. - 36 STOCKHOLDERS' EQUITY: Common stockholders' equity..................... (174,533) 107,517 Retained earnings............................... (5,145) (7,679) ------------- ------------ Total stockholders' equity.................... (179,678) 99,838 ------------- ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (275,977) $ 185,251 ============= ============ -26-
Exhibit A Transok Holding, LLC Consolidating Statement of Income Year Ended December 31, 1999 Transok Transok Transok Transok (dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas LLC LLC LLC LLC LLC ----------- ------------ ------------- -------------- --------- OPERATING REVENUES................................ $ - $ 47,383 $ 7,995 $ 74,125 $269,591 OPERATING EXPENSES: Gas purchased for resale........................ - 4,751 - 14,126 256,156 Cost of Service................................. - 18,274 - - - Other operation and maintenance................. - 8,579 3,866 46,277 7,761 Depreciation.................................... - 3,680 2,142 4,221 - Taxes other than income......................... - 3,018 794 1,285 - ----------- ------------ ------------- -------------- --------- Total operating expenses...................... - 38,302 6,802 65,909 263,917 ----------- ------------ ------------- -------------- --------- OPERATING INCOME.................................. - 9,081 1,193 8,216 5,674 OTHER INCOME (EXPENSES): Interest charges................................ - (16,878) (1,194) (3,571) (675) Other, net...................................... - 763 1 - - Income from subsidiaries........................ 1,569 5,905 - - - ----------- ------------ ------------- -------------- --------- Total other income (expenses)................. 1,569 (10,210) (1,193) (3,571) (675) ----------- ------------ ------------- -------------- --------- EARNINGS BEFORE INCOME TAXES...................... 1,569 (1,129) - 4,645 4,999 PROVISION (BENEFIT) FOR INCOME TAXES.............. - (2,697) 1 1,805 1,932 ----------- ------------ ------------- -------------- --------- NET INCOME (LOSS)................................. $ 1,569 $ 1,568 $ (1) $ 2,840 $ 3,067 =========== ============ ============= ============== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ OPERATING REVENUES................................ $ (124,146) $ 274,948 OPERATING EXPENSES: Gas purchased for resale........................ (101,687) 173,346 Cost of Service................................. (18,274) - Other operation and maintenance................. (4,185) 62,298 Depreciation.................................... - 10,043 Taxes other than income......................... - 5,097 ------------- ------------ Total operating expenses...................... (124,146) 250,784 ------------- ------------ OPERATING INCOME.................................. - 24,164 OTHER INCOME (EXPENSES): Interest charges................................ - (22,318) Other, net...................................... - 764 Income from subsidiaries........................ (7,474) - ------------- ------------ Total other income (expenses)................. (7,474) (21,554) ------------- ------------ EARNINGS BEFORE INCOME TAXES...................... (7,474) 2,610 PROVISION (BENEFIT) FOR INCOME TAXES.............. - 1,041 ------------- ------------ NET INCOME (LOSS)................................. $ (7,474) $ 1,569 ============= ============ -27-
Exhibit A Transok Holding, LLC Consolidating Statement of Retained Earnings Year Ended December 31, 1999 Transok Transok Transok Transok (dollars in thousands) Holding Transok Gas Gathering Gas Processing Gas LLC LLC LLC LLC LLC ----------- ------------ ------------- -------------- --------- BALANCE AT BEGINNING OF PERIOD.................... $ - $ - $ - $ - $ - ADD - net income (loss)........................... 1,569 1,568 (1) 2,840 3,067 ----------- ------------ ------------- -------------- --------- BALANCE AT END OF PERIOD.......................... $ 1,569 $ 1,568 $ (1) $ 2,840 $ 3,067 =========== ============ ============= ============== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ BALANCE AT BEGINNING OF PERIOD.................... $ - $ - ADD - net income (loss)........................... (7,474) 1,569 ------------- ------------ BALANCE AT END OF PERIOD.......................... $ (7,474) $ 1,569 ============= ============ -28-
Exhibit A Transok Holding, LLC Consolidating Balance Sheet December 31, 1999 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....................... $ - $ - $ - $ 2 $ - Accounts receivable - customers, less reserve of $462.......................... - 14,452 - 33 47,547 Accounts receivable - affiliates................ - 11,518 5,398 13,001 - Accounts receivable - other..................... - 1,144 4 2 - Fuel inventories, at LIFO cost.................. - - - - 18,725 Materials and supplies, at average cost......... - 2,967 - - - Prepayments and other........................... - 736 35 27 4,660 ----------- ------------ ------------- -------------- --------- Total current assets.......................... - 30,817 5,437 13,065 70,932 OTHER PROPERTY AND INVESTMENTS, at cost........... 1,569 319,466 - - - PROPERTY, PLANT & EQUIPMENT: In service...................................... - 404,562 85,676 213,031 - Construction work in progress................... - 1,097 4,581 5,020 - ----------- ------------ ------------- -------------- --------- Total property, plant and equipment........... - 405,659 90,257 218,051 - Less accumulated depreciation............... - 3,677 2,143 4,278 - ----------- ------------ ------------- -------------- --------- Net property, plant and equipment............... - 401,982 88,114 213,773 - DEFERRED CHARGES.................................. - 7,418 - 76 6,713 ----------- ------------ ------------- -------------- --------- TOTAL ASSETS...................................... $ 1,569 $ 759,683 $ 93,551 $ 226,914 $ 77,645 =========== ============ ============= ============== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ (2) $ - Accounts receivable - customers, less reserve of $462.......................... - 62,032 Accounts receivable - affiliates................ (29,917) - Accounts receivable - other..................... - 1,150 Fuel inventories, at LIFO cost.................. - 18,725 Materials and supplies, at average cost......... - 2,967 Prepayments and other........................... - 5,458 ------------- ------------ Total current assets.......................... (29,919) 90,332 OTHER PROPERTY AND INVESTMENTS, at cost........... (321,035) - PROPERTY, PLANT & EQUIPMENT: In service...................................... - 703,269 Construction work in progress................... - 10,698 ------------- ------------ Total property, plant and equipment........... - 713,967 Less accumulated depreciation............... - 10,098 ------------- ------------ Net property, plant and equipment............... - 703,869 DEFERRED CHARGES.................................. - 14,207 ------------- ------------ TOTAL ASSETS...................................... $ (350,954) $ 808,408 ============= ============ -29-
Exhibit A Transok Holding, LLC Consolidating Balance Sheet December 31, 1999 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................... $ - $ 540,534 $ 41 $ - $ 1,932 Accounts payable - other........................ - 7,587 2 1,303 18,328 Accrued taxes................................... - 2,682 658 881 - Accrued interest................................ - 4,451 - - - Other........................................... - 16,432 26,308 4,371 4,656 ----------- ------------ ------------- -------------- --------- Total current liabilities..................... - 571,686 27,009 6,555 24,916 LONG-TERM DEBT.................................... - 173,000 - - - DEFERRED CREDITS AND OTHER LIABILITIES: Accrued pension and benefit obligation.......... - 53 - - - Accumulated deferred income taxes............... - 8,875 5,358 14,806 - Other........................................... - 4,500 - - - ----------- ------------ ------------- -------------- --------- Total deferred credits and other liabilities.. - 13,428 5,358 14,806 - STOCKHOLDERS' EQUITY: Common stockholders' equity..................... - 1 61,185 202,713 49,662 Retained earnings............................... 1,569 1,568 (1) 2,840 3,067 ----------- ------------ ------------- -------------- --------- Total stockholders' equity.................... 1,569 1,569 61,184 205,553 52,729 ----------- ------------ ------------- -------------- --------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 1,569 $ 759,683 $ 93,551 $ 226,914 $ 77,645 =========== ============ ============= ============== ========= (dollars in thousands) Consolidating Consolidated Adjustments Statements ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ - $ 542,507 Accounts payable - other........................ - 27,220 Accrued taxes................................... - 4,221 Accrued interest................................ - 4,451 Other........................................... (29,919) 21,848 ------------- ------------ Total current liabilities..................... (29,919) 600,247 LONG-TERM DEBT.................................... - 173,000 DEFERRED CREDITS AND OTHER LIABILITIES: Accrued Pension and benefit obligation.......... - 53 Accumulated deferred income taxes............... - 29,039 Other........................................... - 4,500 ------------- ------------ Total deferred credits and other liabilities.. - 33,592 STOCKHOLDERS' EQUITY: Common stockholders' equity..................... (313,561) - Retained earnings............................... (7,474) 1,569 ------------- ------------ Total stockholders' equity.................... (321,035) 1,569 ------------- ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ (350,954) $ 808,408 ============= ============ -30-
Exhibit A Origen Consolidating Statement of Income Year Ended December 31, 1999 OGE Origen (dollars in thousands) Origen Energy Consolidating Consolidated Inc. Technologies GD&E GT CO Adjustments Statements --------- ------------ ---------- ---------- ------------- ------------ OPERATING REVENUES................................ $ - $ - $ 8 $ 70 $ - $ 78 OPERATING EXPENSES: Other operation and maintenance................. 386 616 356 1,180 - 2,538 Depreciation.................................... - - 19 4 - 23 Taxes other than income......................... - 28 - - - 28 --------- ------------ ---------- ---------- ------------- ------------ Total operating expenses...................... 386 644 375 1,184 - 2,589 --------- ------------ ---------- ---------- ------------- ------------ OPERATING INCOME.................................. (386) (644) (367) (1,114) - (2,511) OTHER INCOME (EXPENSES): Interest charges................................ (89) (110) (2) - 112 (89) Other, net...................................... 277 - 2 (283) (112) (116) Income from subsidiaries........................ (1,546) - - - 1,546 - --------- ------------ ---------- ---------- ------------- ------------ Total other income (expenses)................. (1,358) (110) - (283) 1,546 (205) --------- ------------ ---------- ---------- ------------- ------------ EARNINGS BEFORE INCOME TAXES...................... (1,744) (754) (367) (1,397) 1,546 (2,716) BENEFIT FOR INCOME TAXES.......................... (114) (290) (142) (540) - (1,086) --------- ------------ ---------- ---------- ------------- ------------ NET INCOME (LOSS)................................. $ (1,630) $ (464) $ (225) $ (857) $ 1,546 $ (1,630) ========= ============ ========== ========== ============= ============ -31-
Exhibit A Origen Consolidating Statement of Retained Earnings Year Ended December 31, 1999 OGE Origen (dollars in thousands) Origen Energy Consolidating Consolidated Inc. Technologies GD&E GT CO Adjustments Statements --------- ------------ ---------- ---------- ------------- ------------ BALANCE AT BEGINNING OF PERIOD.................... $ (1,914) $ (1,537) $ (914) $ - $ 2,451 $ (1,914) ADD - net income (loss)........................... (1,630) (464) (225) (857) 1,546 (1,630) OTHER CHARGES TO RETAINED EARNINGS................ 18 - 1,139 857 (1,996) 18 --------- ------------ ---------- ---------- ------------- ------------ BALANCE AT END OF PERIOD.......................... $ (3,526) $ (2,001) $ - $ - $ 2,001 $ (3,526) ========= ============ ========== ========== ============= ============ -32-
Exhibit A Origen Consolidating Balance Sheet December 31, 1999 OGE Origen (dollars in thousands) Origen Energy Consolidating Consolidated Inc. Technologies Adjustments Statements --------- ------------ ------------- ------------ ASSETS CURRENT ASSETS: Cash and cash equivalents....................... $ 51 $ - $ - $ 51 Accounts receivable - affiliates................ 3,243 - (3,243) - Accounts receivable - other..................... 44 - - 44 --------- ------------ ------------- ------------ Total current assets.......................... 3,338 - (3,243) 95 OTHER PROPERTY AND INVESTMENTS, at cost........... 577 - 2,000 2,577 --------- ------------ ------------- ------------ TOTAL ASSETS...................................... $ 3,915 $ - $ (1,243) $ 2,672 ========= ============ ============= ============ -33-
Exhibit A Origen Consolidating Balance Sheet December 31, 1999 OGE Origen (dollars in thousands) Origen Energy Consolidating Consolidated Inc. Technologies Adjustments Statements --------- ------------ ------------- ------------ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable - affiliates................... $ 2,442 $ 1,986 $ (3,243) $ 1,185 Other........................................... 70 14 - 84 --------- ------------ ------------- ------------ Total current liabilities..................... 2,512 2,000 (3,243) 1,269 ACCUMULATED DEFERRED INCOME TAXES................. (72) - - (72) STOCKHOLDERS' EQUITY: Common stockholders' equity..................... 5,001 1 (1) 5,001 Retained earnings............................... (3,526) (2,001) 2,001 (3,526) --------- ------------ ------------- ------------ Total stockholders' equity.................... 1,475 (2,000) 2,000 1,475 --------- ------------ ------------- ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY........ $ 3,915 $ - $ (1,243) $ 2,672 ========= ============ ============= ============ -34-
OPUR3 1,000 YEAR DEC-31-1999 JAN-1-1999 DEC-31-1999 PER-BOOK 3,921,334 2,172,434 151,259