UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
)
The AES Corporation ) File No. 70-9465
)
Certificate Pursuant to Rule 24 and Release No. 35-27063
Under the Public Utility Holding Company Act of 1935
On August 20, 1999, the Securities and Exchange Commission ("SEC")
issued an order in this proceeding, Release No. 35-27063 in File No. 70-9465
("Exemption Order"), granting an exemption under Section 3(a) of the Public
Utility Holding Company Act of 1935, as amended, ("the Act") to The AES
Corporation ("AES") in relation to its proposed acquisition of CILCORP Inc.
("CILCORP"), which has a public-utility subsidiary company, Central Illinois
Light Company ("CILCO"). The Exemption Order required AES to file certain
certificates (as described in the Exemption Order) under Rule 24 within 60 days
of the close of each calendar quarter for a period of three years beginning
September 30, 1999 and every six months thereafter. The requested certificate is
set forth below (as an attachment) for the period ending December 31, 2000.
Respectfully submitted,
/s/ Earle H. O'Donnell
----------------------------------
Earle H. O'Donnell
Julia Dryden English
Andrew B. Young
Dewey Ballantine LLP
1775 Pennsylvania Avenue, NW
Washington, D.C. 20006
Dated: March 1, 2001
THE AES CORPORATION
SEC FILING PURSUANT TO SECTION 3(a)(5) EXEMPTION ORDER
QUARTER ENDED DECEMBER 31, 2000
ITEM (1) PER EXEMPTION ORDER (STATEMENTS ATTACHED):
1) Statement of Income of The AES Corporation for the 12 months ended
December 31, 2000:
a) 12 months ended December 31, 2000 GAAP consolidated income statement
b) 12 months ended December 31, 2000 pro rata consolidated income statement
2) Balance Sheet of The AES Corporation at December 31, 2000
a) GAAP Basis Consolidated Balance Sheet
b) Pro Rata Consolidated Balance Sheet
3) Statement of Income CILCORP Inc. for the 12 months ended December 31, 2000
4) Statement of Income CILCO for the 12 months ended December 31, 2000
5) Consolidated Balance Sheet of CILCORP Inc. at December 31, 2000
6) Consolidated Balance Sheet of CILCO at December 31, 2000
THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2000 - GAAP BASIS
-----------------------------------------------------------------------------------------------
TWELVE
MONTHS %
ENDED OF
12/31/2000 SALES
-----------------------------------------------------------------------------------------------
($ in millions, except per share amounts)
REVENUES:
Sales and services $6,691 100%
OPERATING COSTS AND EXPENSES:
Cost of sales and services 4,991 75%
Selling, general and administrative expenses 85 1%
-----------------
TOTAL OPERATING COSTS AND EXPENSES 5,076 76%
-----------------
OPERATING INCOME 1,615 24%
OTHER INCOME AND (EXPENSE):
Interest expense (1,299) -19%
Interest and other income 245 4%
Equity in earnings of affiliates (before income tax) 475 7%
Environmental fine (17) 0%
INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 1,019 15%
Income tax provision 252 4%
Minority interest 119 2%
-----------------
INCOME BEFORE EXTRAORDINARY ITEM 648 10%
Extraordinary item, net of tax -
Early extinguishment of debt (7) 0%
-----------------
NET INCOME $ 641 10%
=================
THE AES CORPORATION
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2000 - PRO RATA BASIS
-----------------------------------------------------------------------------------------------------
TWELVE
MONTHS %
ENDED OF
12/31/2000 SALES
-----------------------------------------------------------------------------------------------------
($ in millions, except per share amounts)
REVENUES:
Sales and services $7,803 100%
OPERATING COSTS AND EXPENSES:
Cost of sales and services 5,759 74%
Selling, general and administrative expenses 85 1%
--------------
TOTAL OPERATING COSTS AND EXPENSES 5,844 75%
--------------
OPERATING INCOME 1,959 25%
OTHER INCOME AND (EXPENSE):
Interest expense, net (1,176) -15%
--------------
INCOME BEFORE INCOME TAXES AND EXTRAORDINARY ITEM 783 10%
Income tax provision 135 2%
--------------
INCOME BEFORE EXTRAORDINARY ITEM 648 8%
Extraordinary item, net of tax -
Early extinguishment of debt (7) 0%
--------------
NET INCOME $ 641 8%
==============
THE AES CORPORATION
GAAP BASIS CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2000
($ in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 881
Short-term investments 1,297
Accounts receivable, net 1,498
Inventory 499
Receivable from affiliates 27
Deferred income taxes 165
Contract Receivable 576
Prepaid expenses and other current assets 630
----------
TOTAL CURRENT ASSETS 5,573
PROPERTY, PLANT AND EQUIPMENT
Land 617
Electric generation and distribution assets 15,743
Accumulated depreciation and amortization (1,304)
Construction in progress 2,790
----------
PROPERTY, PLANT AND EQUIPMENT, NET 17,846
OTHER ASSETS
Deferred financing costs, net 375
Project development costs 114
Investments in and advances to affiliates 3,122
Debt service reserves and other deposits 517
Electricity sales concessions and contracts 1,039
Goodwill 1,268
Other assets 1,179
----------
TOTAL OTHER ASSETS 7,614
TOTAL $31,033
==========
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 708
Accrued interest 404
Accrued and other liabilities 1,305
Other notes payable - current portion -
Project financing debt - current portion 2,465
----------
TOTAL CURRENT LIABILITIES 4,882
LONG-TERM LIABILITIES
Project financing debt 12,241
Other notes payable 3,458
Deferred incomes taxes 1,632
Other long-term liabilities 1,399
----------
TOTAL LONG-TERM LIABILITIES 18,730
Minority interest 1,382
TECONS 1,228
Preferred Stocks -
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 4,721
Retained earnings 1,762
Accumulated other comprehensive loss (1,677)
----------
TOTAL STOCKHOLDERS' EQUITY 4,811
TOTAL $31,033
==========
THE AES CORPORATION
PRO RATA CONSOLIDATED BALANCE SHEET
DECEMBER 31, 2000
($ in millions)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 881
Short-term investments 1,297
Accounts receivable, net 1,498
Inventory 499
Receivable from affiliates 27
Deferred income taxes 165
Contract Receivable 576
Prepaid expenses and other current assets 630
----------
TOTAL CURRENT ASSETS 5,573
PROPERTY, PLANT AND EQUIPMENT
Land 617
Electric generation and distribution assets 15,743
Accumulated depreciation and amortization (1,304)
Construction in progress 2,790
----------
PROPERTY, PLANT AND EQUIPMENT, NET 17,846
OTHER ASSETS
Deferred financing costs, net 375
Project development costs 114
Investments in and advances to affiliates 5,663
Debt service reserves and other deposits 517
Electricity sales concessions and contracts 1,039
Goodwill 1,268
Other assets 1,179
----------
TOTAL OTHER ASSETS 10,155
TOTAL $33,574
==========
LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 874
Accrued interest 701
Accrued and other liabilities 1,234
Other notes payable - current portion 26
Project financing debt - current portion 2,659
----------
TOTAL CURRENT LIABILITIES 5,494
LONG-TERM LIABILITIES
Project financing debt 13,003
Other notes payable 3,458
Deferred incomes taxes 2,094
Other long-term liabilities 3,486
----------
TOTAL LONG-TERM LIABILITIES 22,041
TECONS 1,228
STOCKHOLDERS' EQUITY
Common Stock 5
Contributed capital / Additional paid in capital 4,721
Retained earnings 1,762
Accumulated other comprehensive loss (1,677)
----------
TOTAL STOCKHOLDERS' EQUITY 4,811
TOTAL $33,574
==========
CILCORP Inc. and Subsidiaries
Consolidated Statements of Income
For the Year Ended December 31, 2000
(In thousands)
Revenue:
CILCO Electric $398,836
CILCO Gas 237,654
CILCO Other 48,354
Other Businesses 38,670
--------
Total 723,514
--------
Operating Expenses:
Fuel for Generation and Purchased Power 208,271
Gas Purchased for Resale 174,777
Other Operations and Maintenance 117,028
Depreciation and Amortization 86,810
State and Local Revenue Taxes 27,589
Other Taxes 11,857
--------
Total 626,332
--------
Fixed Charges and Other:
Interest Expense 71,752
Preferred Stock Dividends of Subsidiary 2,977
Allowance for Funds Used During Construction (533)
Other 1,221
--------
Total 75,417
--------
Income from Continuing Operations
Before Income Taxes 21,765
Income Taxes 10,380
--------
Net Income $ 11,385
Other Comprehensive Income (450)
--------
Comprehensive Income $ 10,935
========
Central Illinois Light Company
Consolidated Statements of Income
For the Year Ended December 31, 2000
(In thousands)
Operating Revenues:
Electric $398,836
Gas 237,654
--------
Total Operating Revenues 636,490
--------
Operating Expenses:
Cost of Fuel 115,310
Cost of Gas 152,906
Purchased Power 47,388
Other Operations and Maintenance 109,574
Depreciation and Amortization 69,405
Income Taxes 29,878
State and Local Taxes on Revenue 27,589
Other Taxes 11,693
--------
Total Operating Expenses 563,743
--------
Operating Income 72,747
--------
Other Income and Deductions:
Company-owned Life Insurance, Net (1,221)
Other, Net (619)
--------
Total Other Income and (Deductions) (1,840)
--------
Income Before Interest Expenses 70,907
--------
Interest Expenses:
Interest on Long-term Debt 17,516
Cost of Borrowed Funds Capitalized (533)
Other 6,147
--------
Total Interest Expenses 23,130
--------
Net Income Before Preferred Dividends 47,777
Dividends on Preferred Stock 2,977
--------
Net Income Available for Common Stock $ 44,800
--------
Other Comprehensive Income (915)
Comprehensive Income $ 43,885
========
CILCORP Inc. and Subsidiaries
Consolidated Balance Sheets
Assets (As of December 31) 2000
(In thousands)
Current Assets:
Cash and Temporary Cash Investments $ 11,743
Receivables, Less Reserves of $1,343 91,050
Accrued Unbilled Revenue 70,444
Fuel, at Average Cost 13,995
Materials and Supplies, at Average Cost 16,295
Gas in Underground Storage, at Average Cost 28,413
FAC Underrecoveries 1,153
PGA Underrecoveries 19,685
Prepayments and Other 5,563
----------
Total Current Assets 258,341
----------
Investments and Other Property:
Investment in Leveraged Leases 140,936
Other Investments 21,056
----------
Total Investments and Other Property 161,992
----------
Property, Plant and Equipment:
Utility Plant, at Original Cost
Electric 695,220
Gas 218,710
----------
913,930
Less-Accumulated Provision for Depreciation 66,128
----------
847,802
Construction Work in Progress 29,213
Other, Net of Depreciation 144
----------
Total Property, Plant and Equipment 877,159
----------
Other Assets:
Goodwill, Net of Accumulated Amortization of $18,422 594,544
Other 56,240
----------
Total Other Assets 650,784
----------
Total Assets $1,948,276
==========
CILCORP Inc. and Subsidiaries
Consolidated Balance Sheets
Liabilities and Stockholders' Equity (As of December 31)
2000
(In thousands)
Current Liabilities:
Current Portion of Long-Term Debt $ 17,500
Notes Payable 115,300
Accounts Payable 113,571
Accrued Taxes 20,170
Accrued Interest 18,496
Overrecoveries 8
Other 6,286
----------
Total Current Liabilities 291,331
----------
Long-Term Debt 720,481
----------
Deferred Credits and Other Liabilities:
Deferred Income Taxes 198,577
Regulatory Liability of Regulated Subsidiary 42,752
Deferred Investment Tax Credit 16,159
Freeman Contract Liability 90,574
Other 77,559
----------
Total Deferred Credits 425,621
----------
Preferred Stock of Subsidiary 41,120
----------
Stockholders' Equity:
Common Stock, no par value; Authorized 10,000
shares - Outstanding 1,000 shares --
Additional Paid-in Capital 468,833
Retained Earnings 1,340
Accumulated Other Comprehensive Income (450)
----------
Total Stockholders' Equity 469,723
----------
Total Liabilities and Stockholders' Equity $1,948,276
==========
Central Illinois Light Company
Consolidated Balance Sheets
Assets
As of December 31 2000
(In thousands)
Utility Plant, At Original Cost:
Electric $1,305,115
Gas 442,076
----------
1,747,191
Less-Accumulated Provision for Depreciation 926,091
----------
821,100
Construction Work in Progress 29,213
----------
Total Utility Plant 850,313
----------
Other Property and Investments:
Cash Surrender Value of Company-owned Life
Insurance (Net of Related Policy Loans of
$59,292 in 2000) 3,497
Other 1,161
----------
Total Other Property and Investments 4,658
----------
Current Assets:
Cash and Temporary Cash Investments 8,777
Receivables, Less Reserves of $1,343 60,148
Accrued Unbilled Revenue 64,339
Fuel, at Average Cost 13,995
Materials and Supplies, at Average Cost 15,807
Gas in Underground Storage, at Average Cost 28,413
Prepaid Taxes 5,588
FAC Underrecoveries 1,153
PGA Underrecoveries 19,685
Other 5,556
----------
Total Current Assets 223,461
----------
Deferred Debits:
Unamortized Loss on Reacquired Debt 2,691
Unamortized Debt Expense 1,427
Prepaid Pension Cost 229
Other 24,661
----------
Total Deferred Debits 29,008
----------
Total Assets $1,107,440
==========
Central Illinois Light Company
Consolidated Balance Sheets
Capitalization and Liabilities
As of December 31 2000
(In thousands)
Capitalization:
Common Shareholder's Equity:
Common Stock, No Par Value; Authorized
20,000,000 Shares; Outstanding
13,563,871 Shares $ 185,661
Additional Paid in Capital 27,000
Retained Earnings 140,364
Accumulated Other Comprehensive Income (975)
----------
Total Common Shareholder's Equity 352,050
Preferred Stock Without Mandatory Redemption 19,120
Preferred Stock With Mandatory Redemption 22,000
Long-term Debt 245,482
----------
Total Capitalization 638,652
----------
Current Liabilities:
Current Maturities of Long-Term Debt --
Notes Payable 67,300
Accounts Payable 96,315
Accrued Taxes 25,512
Accrued Interest 8,889
PGA Overrecoveries 8
Level Payment Plan --
Other 6,213
----------
Total Current Liabilities 204,237
----------
Deferred Liabilities and Credits:
Accumulated Deferred Income Taxes 123,611
Regulatory Liability 42,752
Investment Tax Credits 16,159
Capital Lease Obligation 616
Other 81,413
----------
Total Deferred Liabilities and Credits 264,551
----------
Total Capitalization and Liabilities $1,107,440
==========
ITEM (2) PER EXEMPTION ORDER (INCOME STATEMENT AMOUNTS ARE 12 MONTHS ENDED):
CILCO/CILCORP CONTRIBUTIONS TO
AES/CILCORP CONSOLIDATED HOLDING COMPANY
(GAAP BASIS)
($MM)
----------------------------------------------------------------------------------------
12 MOS. 12/31/00 12 MOS. 12/31/99
----------------------------------------------------------------------------------------
GROSS REVENUES %-CILCO 9.51% 15.14%
CILCO 636 562
AES 6,691 3,253
AES/CILCORP 6,691 3,713
----------------------------------------------------------------------------------------
GROSS REVENUES %-CILCORP 10.82% 15.65%
CILCORP (Including CILCO) 724 581
AES 6,691 3,253
AES/CILCORP 6,691 3,713
----------------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCO 8.42% 12.69%
CILCO 414 376
AES 4,917 2,655
AES/CILCORP 4,917 2,962
----------------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCORP 8.78% 13.64%
CILCORP (Including CILCO) 432 404
AES 4,917 2,655
AES/CILCORP 4,917 2,962
----------------------------------------------------------------------------------------
OPERATING INCOME %-CILCO 6.38% 5.78%
CILCO 103 55
AES 1,615 925
AES/CILCORP 1,615 952
----------------------------------------------------------------------------------------
OPERATING INCOME %-CILCORP 6.01% 4.30%
CILCORP (Including CILCO) 97 41
AES 1,615 925
AES/CILCORP 1,615 952
----------------------------------------------------------------------------------------
NET INCOME %-CILCO 6.86% 6.99%
CILCO 44 16
AES 641 228
AES/CILCORP 641 229
----------------------------------------------------------------------------------------
NET INCOME %-CILCORP 1.72% -0.44%
CILCORP (Including CILCO) 11 (1)
AES 641 228
AES/CILCORP 641 229
----------------------------------------------------------------------------------------
NET ASSETS %-CILCO 3.57% 4.86%
CILCO 1,107 1,056
AES 31,033 21,744
AES/CILCORP 31,033 21,744
----------------------------------------------------------------------------------------
NET ASSETS %-CILCORP 6.28% 8.42%
CILCORP (Including CILCO) 1,948 1,831
AES 31,033 21,744
AES/CILCORP 31,033 21,744
----------------------------------------------------------------------------------------
CILCO/CILCORP CONTRIBUTIONS TO
AES/CILCORP CONSOLIDATED HOLDING COMPANY
(PRO RATA CONSOLIDATION BASIS)
($MM)
---------------------------------------------------------------------------------------
12 MOS. 12/31/00 12 MOS. 12/31/99
---------------------------------------------------------------------------------------
GROSS REVENUES %-CILCO 8.15% 11.78%
CILCO 636 562
AES 7,803 4,309
AES/CILCORP 7,803 4,769
---------------------------------------------------------------------------------------
GROSS REVENUES %-CILCORP 9.28% 12.18%
CILCORP (Including CILCO) 724 581
AES 7,803 4,309
AES/CILCORP 7,803 4,769
---------------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCO 7.47% 9.49%
CILCO 414 376
AES 5,544 3,656
AES/CILCORP 5,544 3,963
---------------------------------------------------------------------------------------
NET OPERATING REVENUES %-CILCORP 7.79% 10.19%
CILCORP (Including CILCO) 432 404
AES 5,544 3,656
AES/CILCORP 5,544 3,963
---------------------------------------------------------------------------------------
OPERATING INCOME %-CILCO 5.26% 4.29%
CILCO 103 55
AES 1,959 1,256
AES/CILCORP 1,959 1,283
---------------------------------------------------------------------------------------
OPERATING INCOME %-CILCORP 4.95% 3.20%
CILCORP (Including CILCO) 97 41
AES 1,959 1,256
AES/CILCORP 1,959 1,283
---------------------------------------------------------------------------------------
NET INCOME %-CILCO 6.86% 6.99%
CILCO 44 16
AES 641 228
AES/CILCORP 641 229
---------------------------------------------------------------------------------------
NET INCOME %-CILCORP 1.72% -0.44%
CILCORP (Including CILCO) 11 (1)
AES 641 228
AES/CILCORP 641 229
---------------------------------------------------------------------------------------
NET ASSETS %-CILCO 3.30% 4.64%
CILCO 1,107 1,056
AES 33,574 22,759
AES/CILCORP 33,574 22,759
---------------------------------------------------------------------------------------
NET ASSETS %-CILCORP 5.80% 8.05%
CILCORP (Including CILCO) 1,948 1,831
AES 33,574 22,759
AES/CILCORP 33,574 22,759
---------------------------------------------------------------------------------------
ITEM (3) PER EXEMPTION ORDER - GENERATION INFORMATION:
AES Generating Plants in Operation at December 31, 2000 (excluding CILCO):
AES AES
Capacity Interest Equity Regulatory
Unit Country (MW) (%) (MW) Status
------- ---- --- ---- ------
AES Deepwater USA 143 100.00 143.00 QF
AES Beaver Valley USA 125 100.00 125.00 QF
AES Placerita USA 120 100.00 120.00 QF
AES Thames USA 181 100.00 181.00 QF
AES Shady Point USA 320 100.00 320.00 QF
AES Hawaii USA 180 100.00 180.00 QF
AES Warrior Run USA 180 100.00 180.00 QF
AES Eastern Energy (4 plants) USA 1,268 100.00 1,268.00 EWG
AES Alamitos USA 2,083 100.00 2,083.00 EWG
AES Redondo Beach USA 1,310 100.00 1,310.00 EWG
AES Huntington Beach USA 563 100.00 563.00 EWG
AES Kingston Canada 110 50.00 55.00 EWG
AES San Nicholas Argentina 650 69.00 448.50 EWG
AES Cabra Corral Argentina 102 98.00 99.96 FUCO
AES El Tunal Argentina 10 98.00 9.80 FUCO
AES Sarmiento Argentina 33 98.00 32.34 FUCO
AES Ullum Argentina 45 98.00 44.10 FUCO
AES Quebrada Argentina 45 100.00 45.00 FUCO
AES Alicura Argentina 1,000 98.00 980.00 FUCO
Fontes Nova-Light Brazil 144 21.00 30.24 FUCO
Ilha dos Pombos - Light Brazil 164 21.00 34.44 FUCO
Nilo Pecanha - Light Brazil 380 21.00 79.80 FUCO
Pereira Passos - Light Brazil 100 21.00 21.00 FUCO
CEMIG (37 plants) Brazil 5,668 8.70* 493.12 FUCO
EGE Bayano (2 plants) Panama 187 49.00 91.63 FUCO
EGE Chiriqui (2 plants) Panama 90 49.00 44.10 FUCO
AES Los Mina Dom. Rep. 210 100.00 210.00 EWG
ECOGEN (2 plants) Australia 959 100.00 959.00 FUCO
AES Mt. Stuart Australia 288 100.00 288.00 FUCO
AES Xiangci - Cili China 26 51.00 13.26 FUCO
Wuhu China 250 25.00 62.50 FUCO
Yangchun China 15 25.00 3.75 FUCO
Chengdu Lotus City China 48 35.00 16.80 FUCO
AES Jiaozou China 250 70.00 175.00 FUCO
AES Hefei (2 plants) China 115 70.00 80.50 FUCO
AES Chongqing Nanchuan China 50 70.00 35.00 FUCO
AES Ekibastuz Kazakhstan 4,000 100.00 4,000.00 FUCO
AES Ust-Kamenogorsk GES Kazakhstan 331 100.00 331.00 FUCO
AES Shulbinsk GES Kazakhstan 702 100.00 702.00 FUCO
AES Ust-Kamenogorsk TETS Kazakhstan 1,464 100.00 1,464.00 FUCO
AES Leninogorsk TETS Kazakhstan 418 100.00 418.00 FUCO
AES Sogrinsk TETS Kazakhstan 349 100.00 349.00 FUCO
AES Semiplatinsk TETS Kazakhstan 510 100.00 510.00 FUCO
OPGC India 420 49.00 205.80 FUCO
AES Lal Pir Pakistan 351 90.00 315.90 FUCO
AES Pak Gen Pakistan 344 90.00 309.60 FUCO
AES Borsod Hungary 171 100.00 171.00 FUCO
AES Tisza II Hungary 860 100.00 860.00 FUCO
AES Tiszapalkonya Hungary 250 100.00 250.00 FUCO
AES Elsta Netherlands 405 50.00 202.50 FUCO
Medway U.K. 688 25.00 172.00 FUCO
AES Indian Queens U.K. 140 100.00 140.00 EWG
Kilroot U.K. 520 97.00 504.40 FUCO
Belfast West U.K. 120 97.00 116.40 FUCO
AES Barry U.K. 230 100.00 230.00 FUCO
AES Drax Power Ltd. U.K. 4,065 100.00 4,065.00 FUCO
AES Tiete (10 plants) Brazil 2,650 44.00 1,166.00 FUCO
AES Uruguaiana Brazil 600 100.00 600.00 FUCO
AES Gardabani Georgia 600 100.00 600.00 FUCO
AES Khrami I Georgia 113 100.00 113.00 FUCO
AES Khrami II Georgia 110 100.00 110.00 FUCO
EDC (7 plants) Venezuela 2,265 87.00 1,970.55 FUCO
AES Merida III Mexico 484 55.00 266.20 FUCO
AES Fifoots Points U.K. 360 100.00 360.00 FUCO
AES Mamonal Colombia 90 62.00 55.80 FUCO
AES Termo Candelaria Colombia 314 100.00 314.00 FUCO
AES Centrogener (8 plants) Chile 756 96.00 725.76 FUCO
AES Chivor Colombia 1,000 96.00 960.00 FUCO
AES Electrica de Santiago Chile 379 72.00 272.88 FUCO
AES Energia Verde Chile 17 96.00 16.32 FUCO
Guacolda Chile 304 48.00 145.92 FUCO
AES Norgener Chile 277 96.00 265.92 FUCO
Itabo Dom. Rep. 587 24.00 140.88 FUCO
TOTAL - September 30, 2000 44,656 34,225.67
Pct. Of Foreign Generation 85.50% 81.09%
* CEMIG owns 9% of 36 plants accounting for 5,458 MW and 1% of 1 plant
accounting for 210 MW.
CILCO Generating Plants at December 31, 2000:
AES AES
Capacity Interest Equity Regulatory
Unit Country (MW) (%) (MW) Status
------- ---- --- ---- ------
Edwards (3 units) USA 740 100.00 740 IL PUC
Duck Creek USA 366 100.00 366 IL PUC
Indian Trails USA 10 100.00 10 IL PUC
Sterling Avenue USA 30 100.00 30 IL PUC
Hallock Power Modules USA 13 100.00 13 IL PUC
Kickapoo Power Modules USA 13 100.00 13 IL PUC
------- -------
TOTAL - September 30, 2000 1,172 1,172
Revenues from generation capacity - 12 months ended December 31, 2000:
CILCO 160 3%
AES (excluding CILCO) 4,655 97%
----- ---
Total 4,815 100%
CILCO's electric revenues are allocated between electric generation and electric
distribution activities according to utility rate base. AES generation revenues
are derived from the total generation revenues earned by AES subsidiaries times
the percentage ownership interest of AES in those subsidiaries.
There has been no change in the amount of capacity owned by CILCO and a 4,171 MW
increase in the amount of capacity owned by AES from 30,054.67 to 34,225.67 MW
since September 30, 2000. There has also been a 9.4% increase in the total
revenues earned from the capacity owned by AES and CILCO since September 30,
2000. The percentage of total revenues derived from the capacity owned by CILCO
has decreased from 4% to 3%.
The physical location of the MW capacity added by AES since September 30, 2000
is in the United Kingdom, Chile, Colombia and the Dominican Republic.
ITEM (4) PER EXEMPTION ORDER - ELECTRIC AND GAS DISTRIBUTION:
CILCO elec/gas transmission/distribution assets at December 31, 2000 793
Total AES (excl CILCO) electric distr. assets at December 31, 2000 15,159
------
Total transmission and distribution assets 15,952
CILCO elec/gas transm/distr revenues - 12 mos. December 31, 2000 477
AES (excl CILCO) electric distr. revenues - 12 mos. December 31, 2000 3,148
-----
Total electric/gas transm/distr. revenues 3,625
CILCO's electric revenues are allocated between electric generation and electric
distribution activities according to utility rate base. AES distribution
revenues are derived from the total distribution revenues earned by AES
subsidiaries times the percentage ownership interest of AES in those
subsidiaries.
The total transmission and distribution assets owned by AES and CILCO has
decreased by 3.1% since September 30, 2000 and the total revenues derived from
such assets has decreased by 15.1% since September 30, 2000. CILCO's
transmission and distribution assets and the revenues derived from such assets
have increased somewhat since September 30, 2000 while AES' transmission and
distribution assets and the revenues derived from such assets have decreased
since September 30, 2000. Accordingly, CILCO's percentage of the total
transmission and distribution assets has increased slightly from 4.6% to 5.0%
and CILCO's percentage of the total revenues from such assets has also increased
from 9.7% to 13.2% since September 30, 2000.
ITEM (5) PER EXEMPTION ORDER:
CILCO has not sold or transferred any electric and/or gas utility assets to any
affiliate company of the AES consolidated holding company system.
ITEM (6) PER EXEMPTION ORDER:
No application has been made to nor has any order been received from the
Illinois Commerce Commission that involves AES' ownership position or AES'
oversight over the operations of CILCO or CILCORP.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company Act
of 1935, as amended, AES has duly caused this certificate to be signed on its
behalf on this 1st day of March, 2001 by the undersigned thereunto duly
authorized.
The AES Corporation
By: /s/ WILLIAM R. LURASCHI
-----------------------
William R. Luraschi
General Counsel and Secretary